Cash to boost land for housing in Sydney

The federal government is going to offer western Sydney councils tens of millions of dollars to fast track housing developments in the region.

Scott Morrison and Angus Taylor visit to Macarthur Railway Station

Western Sydney councils will be offered cash incentives to speed up the release of land for housing. (AAP)

Western Sydney councils will be offered cash incentives to speed up the release of land to build new housing.

Federal Treasurer Scott Morrison will on Tuesday announce the plan for a number of councils to apply for financial incentives, with the aim to build an extra 185,000 over the next 20 years, the Daily Telegraph reported.

Assistant Minister for Cities Angus Taylor says the total amount of funding available is still being negotiated but would be in the tens of millions of dollars.


Share

1 min read

Published

Source: AAP


Share this with family and friends


Get SBS News daily and direct to your Inbox

Sign up now for the latest news from Australia and around the world direct to your inbox.

By subscribing, you agree to SBS’s terms of service and privacy policy including receiving email updates from SBS.

Download our apps
SBS News
SBS Audio
SBS On Demand

Listen to our podcasts
An overview of the day's top stories from SBS News
Interviews and feature reports from SBS News
Your daily ten minute finance and business news wrap with SBS Finance Editor Ricardo Gonçalves.
A daily five minute news wrap for English learners and people with disability
Get the latest with our News podcasts on your favourite podcast apps.

Watch on SBS
SBS World News

SBS World News

Take a global view with Australia's most comprehensive world news service
Watch the latest news videos from Australia and across the world