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Rising property prices leaving thousands homeless while Government squanders windfall

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.

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Other News

Homelessness NSW attends Newcastle’s call to action on homelessness

March 31, 2021

Homelessness services in the area are already experiencing unprecedented levels of demand and unfortunately with the loss of JobKeeper & JobSeeker homelessness may increase by up to 38% by June 2021.

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