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NSW Pledges Billions Towards Housing Sector to Deal With Affordability

The government aims to build 377,000 new homes and will underwrite the construction industry.
NSW Pledges Billions Towards Housing Sector to Deal With Affordability
NSW Treasurer Daniel Mookhey speaks to media during a press conference at Randwick Ambulance Station in Sydney, Australia, on Dec. 13, 2023. AAP Image/Dan Himbrechts
Rex Widerstrom
Rex Widerstrom
6/18/2024|Updated: 6/18/2024
0:00

New South Wales (NSW) is to head into its sixth straight year in deficit, something state Labor Treasurer Daniel Mookhey blames entirely on the Commonwealth Grants Commission’s decision to cut NSW’s share of GST revenues by $11.9 billion over the next four years.

The treasurer has branded this decision an “absurdity” which would impose “austerity” on the state.

Rex Widerstrom
Rex Widerstrom
Author
Rex Widerstrom is a New Zealand-based reporter with over 40 years of experience in media, including radio and print. He is currently a presenter for Hutt Radio.
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Related Topics
Australia
New South Wales
Daniel Mookhey
New South Wales Budget
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