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The NSW Government is the beneficiary of an unexpected additional $1 billion in stamp duty from an out of control housing market but has failed to use this windfall to adequately invest in social housing to ensure people on low incomes across NSW do not end up homeless.
While the Government boasts that housing prices in Sydney have surged 20% since the start of the pandemic homelessness services throughout NSW are struggling with increased demand due to rising rents for people on low incomes and low vacancy rates in many areas of NSW.
July 28, 2023
Over the next five years we will focus on building the capabilities of people and capacity of systems to end homelessness. We recognise the urgency and complexity of this issue and must leverage all available resources and collective efforts. We commit to working closely with homelessness services, communities, businesses, people with lived experience and governments. Through aligned action we aim to achieve a future where homelessness is rare, brief and nonrecurring.
