Shelter NSW is encouraged to see NSW’s recovery underway with unemployment falling.
We remained concerned however, that the state’s improving fortunes are not being shared – with crippling housing unaffordability leaving many behind and driving inequity especially for younger generations.
“With a windfall of over $1 billion in additional stamp duty”, said John Engeler, CEO Shelter NSW, “it was disappointing to see so little directed back to support people unable to compete in the private housing market.” Those people range from the homeless through to low-income workers forced to commit most of their income to private rent let alone enter the housing market. “This budget sees the NSW Government backing expensive options like thoroughbred stabling when ordinary punters are struggling to pay rent”.
Read more in our media release below.