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NSW to cover half interest on regional infrastructure loans, boosting housing development.
Regional councils in NSW outside Sydney can now apply for interest relief on infrastructure loans, with the state covering half the interest to fund roads, drains, parks, and other essential services needed for housing development.
Up to $20.9 million in funding supports projects that unlock undeveloped land, addressing infrastructure gaps that hinder housing growth.
The initiative also includes up to $3 million in grants for local planning, helping smaller councils overcome barriers to federal funding.
Despite regional Australia’s affordability and rising population, housing supply has declined due to high infrastructure costs and shortages in labor and materials.
Officials say the measures will help deliver homes faster and more affordably for families, workers, and young people.
NSW para cubrir la mitad de los intereses de los préstamos regionales de infraestructura, impulsando el desarrollo de viviendas.