Labor Announces $72.5 Million Boost to Fast-Track NSW Housing Reforms

The announcement comes as new data shows housing is becoming less affordable across NSW, including in regional areas.

A house under construction stands in front of newly built homes at a housing development in Sydney, Australia, on Feb. 20, 2025. David Gray/AFP via Getty Images

The Labor federal government has announced a $72.5 million (US$52.25 million) spending package to fast-track zoning and planning reforms in New South Wales (NSW).

The funding, known as the productivity package, will be delivered through the National Productivity Fund and paid to the NSW government once key reforms are implemented.