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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

ERO Homelessness Funding Saved!

May 10, 2021

The Federal Government on Saturday announced that the Budget will contain $124 million to reinstate the ERO funding within the National Housing and Homelessness Agreement (NHHA) for the next two years. Thank you to our members and the broader sector for your advocacy on this. We did it!

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