Housing and renters are said to be ‘the big winners’ in Labor’s third state budget with commitments that will benefit battling people, according to the NSW Treasurer.
Daniel Mookhey announced a new ‘Pre-sale Finance Guarantee’ package on buying homes – meaning the government will act as a guarantor.
‘’The scheme will directly add 5000 new homes by going guarantor for developers on unsold properties and will indirectly add 15,000 new homes over the next five years by offering builders the security to start new projects through purchasing unsold stock,” he told reporters post budget…