Labor knows that Sydney is in the depths of a housing affordability crisis that will see a generation of people unable to find homes near their friends, family and workplaces.
Whilst the Liberal Government has sat idle, the growth in house prices has outpaced incomes for many across Sydney.
On the day Gladys Berejiklian became Premier she said that housing affordability was the “biggest issue people have across the state” and since then the Liberals have been all talk and no action.
They believe that simply increasing supply is the answer.
For Gladys Berejiklian and the Liberals, if you can’t buy or rent then you should just keep moving farther away – from friends, family and places of work.
Labor’s next step in our comprehensive plan to tackle the housing affordability crisis is to give people a real chance of renting or buying.
A NSW Labor Government will:
- Conduct a full audit of government-owned land and create the Affordable Housing Land Register (AHLR). This full audit of government land will identify holdings that could be developed for Affordable Housing
- Deliver a 25% Affordable Housing mandate on government-owned land. Labor will work with stakeholders to ensure that land owned by the Government which is fast-tracked for development will have a 25% mandate of Affordable Housing within our first term in government. We will end the practice of selling Government-owned land to the highest bidder without obtaining the maximum social utility.
- Implement a 15% Affordable Housing mandate on privately developed land. Labor will work with stakeholders to introduce a mandate of 15% of new dwellings or floor space on privately developed land within our first term of government. 15% of dwellings designated as Affordable Housing will be available for rental or sale to low and moderate income households within our first term in government.