NSW home buyers have been left feeling a little hard done by after receiving just 14 per cent of Commonwealth housing affordability grants. This is compared to the 32 per cent going to housing projects in Western Australia and 23 per cent to Queensland.
Each funding application was judged on merit rather than location, however Nick Duncan, the chief executive of the Urban Development Institute of Australia NSW says the $16 million awarded to NSW falls short of what is needed for the state.
"We probably have the lowest housing delivery at the moment [of all the states], so we need all the stimulus we can get," he said.
"These are great initiatives but the fact is NSW needs it more than anywhere else, so it falls short of the mark … we need to discover why we have not got a bigger slice of the pie."
The Federal Government announced on Wednesday it had short-listed 33 projects in the first round of its Housing Affordability Fund, each receiving a share of $112 million in Commonwealth housing affordability grants.
The NSW Housing Minister, David Borger, welcomed the funding, which follows the State Government's decision last month to pick up more of the infrastructure costs for new houses. The money from the grants would be used to build roads, and drainage and sewer pipes.
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