What is your response to findings that New South Wales is the least
affordable state, with over half of all low income renting households under
The Government has recently announced a series of measures designed to
address the challenges faced by low income renter households.
The Greater Sydney Region Plan, announced March 2018, committed to
introducing an affordable rental housing target of 5 to 10 per cent that will
apply to the density uplift of residential rezoning across Greater Sydney,
subject to viability. This ensures that going forward the supply of affordable
rental housing will increase in line with overall housing supply growth.
Affordable rental housing delivered by the targets will be specifically for low
and very low income households, and could provide a pathway out of social
These reforms alongside the Government's introduction of stamp duty
exemptions and concessions, are designed to ensure the people of New South
Wales are better able to access the housing market either as first home buyers
or through improved rental access.
When the Liberals and Nationals came into government in 2011, New South
Wales had the lowest number of new dwelling per capita of anywhere in the
nation. From 2007 to 2011, building approvals averaged less than 32,000 a year.
In 2016-17, the Australian Bureau of Statistics had New South Wales building
approvals at over 72,000.