NSW housing crisis measures only punishing investors
The chief of New South Wales' peak real estate body argues that measures implemented by the NSW Government are doing little to increase housing supply but much to dissuade property investors.
The median asking rent for an apartment in Sydney has now reached $680, an increase of over 23 per cent in the past year. (Image source: Shutterstock.com)
As expected, NSW Labor’s first Budget since winning government was littered with plenty of references to the state’s housing crisis.
Regrettably, these references don’t translate to real action. The $224 million for the Essential Housing Package and a few thousand public housing dwellings to be delivered over the long-term won’t make a dent in the context of the severity of the housing shortage, including the dearth of affordable and social hous…
