The Minns government will commit $450 million in the upcoming state budget to construct build-to-rent accommodation for frontline workers, including teachers, nurses, police officers and, firefighters.
The NSW government will construct build-to-rent accommodation throughout Sydney which will then be offered to frontline workers for a discounted rate. Picture: Getty Images "Any profits that come about as a result of the project will be reinvested so that we can potentially envisage stage two or stage three of this."
A cross-government"land audit" is understood to be responsible for identifying potential development sites, although Premier Minns suggested on Sunday that the government was also open to"partnering" with private landholders to ensure suitable locations were found. The new homes are likely to be in hot demand once completed, but Premier Minns said the government was yet to finalise eligibility criteria, flagging he would seek to work with unions to ensure the system was"sustainable and fair."
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