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NSW launches $1B plan to guarantee half of off-plan units to fast-track 15,000 homes.
The NSW government has launched a $1 billion program to guarantee up to 50% of off-the-plan units in eligible housing developments.
This aims to help developers secure loans by lowering pre-sale requirements, fast-tracking the construction of about 15,000 homes over five years.
The government will buy unsold units at a discount if needed, with critics arguing the plan is insufficient given the state's broader housing goals.
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Nueva Gales del Sur lanza un plan de $ 1B para garantizar la mitad de las unidades fuera del plan para acelerar 15,000 hogares.