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NSW Budget: Who Gains, Who Misses Out? – Hope 103.2


NSW Budget: Who Gains, Who Misses Out?
The NSW budget is in - and the public service (bigger pay rises!) and families (free swimming lessons!) score big, while new home buyers still don t get a break.
The NSW Government has unveiled a big-spending budget, and revealed a more manageable deficit than predicted – thanks to a booming Sydney property market.
Just months ago, NSW Treasurer Dominic Perrottet estimated there would be a $13.3 billion deficit as a result of the COVID-19 pandemic. But through the millions yielded in property stamp duty, the 2021/22 budget shows a $7.9 billion deficit.
“This is a budget which supports and protects our families and communities through record investments in health, education and transport,” NSW Premier Gladys Berejiklian said. ....

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Labor's Housing Australia Future Fund - A Platform to Build On


Community Housing Industry Association (CHIA)
The Community Housing Industry Association (CHIA) welcomes the announcement by Opposition leader Anthony Albanese that a Labor government would set up an Australian Housing Future Fund, to build social and affordable housing.
The proposed $10B fund is forecast to deliver 30,000 social and affordable rental homes over the first five years, along with crisis accommodation for women escaping domestic and family violence, supportive housing for veterans, and improvements to remote Indigenous housing.
“This proposal is a platform to build on” said Wendy Hayhurst, CHIA’s CEO. “We know that Australia is not building anywhere near enough social and affordable rental housing even to keep pace with rising need, never mind tackling the shortfall built up over 25 years of misplaced reliance on the private sector”. ....

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