Laying the foundations for a better, more secure future

Every person across NSW should have access to a safe and secure place to call home.

Housing affordability and availability is the biggest single pressure facing the people of NSW, with mortgage payments or rent the largest expense for most households.

The Minns Labor Government recognises housing as essential infrastructure and the 2023-24 Budget, lays out a plan to rebuild a neglected system through immediate support and critical long-term planning.

Long-term housing supply

A $2.2 billion Housing and Infrastructure Plan is at the centre of this budget, to begin addressing the historic neglect of new housing supply.

The plan includes:

  • $300 million reinvested in Landcom to accelerate the construction of thousands of new homes, with 30% of these to be affordable housing.
  • $400 million reserved in Restart NSW to deliver the infrastructure that will unlock housing across the state.
  • $1.5 billion committed for housing related infrastructure through the Housing and Productivity Contribution.
     

Faster planning program

The budget furthers our long-term reform in housing with the creation of the new $38.7 million Faster Planning Program.

This program delivers:

  • $24 million for a NSW Building Commission to protect home buyers from substandard buildings.
  • $9.1 million to assess housing supply opportunities across government-owned sites, including for new social housing.
  • NSW Budget 2023-24 budget.nsw.gov.au.
  • $5.6 million on artificial intelligence to make planning systems more efficient.
  • Overhauling and simplifying the planning system by redirecting resources from the Greater Cities Commission and Western Parkland City Authority.
     

Homes NSW backed by the Essential Housing Package

The Minns Labor Government will establish Homes NSW to deliver better outcomes for public and social housing tenants, deliver more affordable and social housing and reduce the number of homeless people in NSW.

An investment of $224 million will support the Government’s Essential Housing Package which includes:

  • $70 million debt financing to accelerate the delivery of social, affordable and private homes, primarily in regional NSW.
  • $35.3 million to continue to provide housing services for Aboriginal and Torres Strait Islander families through Services Our Way.
  • $35 million to support critical social housing maintenance.
  • $20 million reserved in Restart NSW for dedicated mental health housing.
  • $15 million to establish a NSW Housing Fund for urgent priority housing and homelessness measures to confront the housing crisis.
  • $11.3 million to extend the Together Home program.
  • $11 million urgent funding injection to Temporary Accommodation in 2023-24 to address rising homelessness.
  • $10.5 million urgent funding injection to the Community Housing Leasing Program.
  • $10 million Modular Housing Trial to deliver faster quality social housing.
  • $5.9 million urgent funding in 2023-24 to allow Specialist Homelessness Services to address increasing demand.

In addition, the Commonwealth’s $610 million Social Housing Accelerator program will permanently increase social housing by around 1500 dwellings.

Rental reform

Renters are receiving immediate support with their rights bolstered right across NSW.

Tens of thousands of people renting will receive extra protection from the recent appointment of a state-first NSW Rental Commissioner.

The Commissioner will work with government to make renting fairer, more affordable and more secure.

We are committed to implementing a Portable Rental Bonds Scheme to ease financial pressure.

Renters will also be protected from unfair evictions by creating reasonable grounds for ending a lease. And we’re making it easier for renters to have pets in homes.

And new Build to Rent trials will be supported on the South Coast and in the Northern Rivers with $60 million.

First Home Buyers

From 1 July 2023 our First Home Buyers Assistance Scheme expanded stamp duty exemptions and concessions to help 5 out of every 6 first home buyers pay no stamp duty, or a concessional rate.

Early figures reveal this immediate support has been taken up by more than 1000 first home buyers purchasing in the $650,000 to $800,000 range, who enjoyed a full exemption from stamp duty in July alone.

Preliminary data also shows some 650 first home buyers received a stamp duty concession in the $800,000 to $1 million range in July.

These buyers would previously have had to pay full stamp duty or opt into an unfair annual property tax.

A foundation for a better and more secure future for NSW

Addressing a chronic housing shortage requires a long-term plan.

After 12 years of neglect, the Minns Labor Government is working to provide relief now while putting in the proper planning to ensure we’re ready for the challenges of the future.

We are a government with a clear focus – managing our finances responsibly so we can provide support when you need it most and improve the essential services that we all rely on, now and into the future.

NSW Budget delivers critical regional roads rail and transport funding

Roads, rail and transport services are critical to life in regional NSW, connecting communities to one another and supporting the movement of goods produced in our regions to national and international markets.

Today, the Minns Government’s first budget has delivered on its commitment to ensure that the roads used by regional communities daily are reliable, and the essential transport infrastructure they rely on is safe and accessible. 

The 2023-24 NSW Budget includes: 

  • $1.4 billion for the delivery of a new regional rail fleet to replace the ageing regional fleet. 
  • $390 million to establish the Regional Emergency Road Repair Fund to support regional councils in managing existing roads and prioritising works based on the needs of their communities, particularly those damaged by natural disasters. 
  • $334 million to establish the Regional Roads Fund to build new roads in rural and regional areas. 
  • $333.9 million to replace ageing timber bridges through the Fixing Country Bridges program, providing improvements to regional bus services and supporting councils through the Fixing Local Roads Program. 
  • $95.9 million for the Fixing Country Rail program, to deliver improved capacity and reliability to the regional rail network and deliver a highly functional network for moving freight in and out of regional areas. 
  • $29.4 million to plan for the transition of fleet to Zero Emission buses, including trials, analysis and development. 
  • $20.2 million to continue the Transport Connected Bus Program. 
  • $10 million to improve the network of heavy vehicle rest stops across regional NSW. 

No matter where you live in NSW you should have access to safe, reliable transport options. The Minns Labor Government is setting out a long-term plan to repair the budget so we can deliver the essential infrastructure and services families across regional NSW rely on.

Responsible cost-of-living support

We know people are doing it tough and this budget provides responsible support to help with cost-of-living pressures.

In NSW the cost-of-living crisis is worse because of a decade of privatisation.

In 2023-24, the Minns Labor Government will provide more than $8.2 billion in support through more than 130 different measures.

Housing

Affordability and availability are some of the biggest pressures facing the people of NSW.

More than 1000 first home buyers have already saved thousands of dollars, paying no stamp duty under the new First Home Buyers Assistance Scheme. Hundreds more have received a concession.

The Government is providing private rental assistance through programs including Rent Choice, Advance Rent and Bond Loan to help eligible people get into or maintain a rental lease.

And the Pensioner Concession Rebate Scheme provides up to $250 on ordinary council rates and charges for domestic waste management services to eligible pensioners, jointly funded by councils.

Education / Early Childhood

A new program of $500 fee relief per child, will help with the costs of 3-year-olds in long day care at eligible preschools.

The Minns Labor Government is continuing relief of $4220 per child aged 3 to 5 attending community preschools. For kids aged 4 to 5 in long day care, that fee relief is $2110.

Additionally, there is access to fee free formal training in apprenticeships and traineeships and travel and accommodation allowances for apprentices or new trainees who travel more than 120km a day to attend training.

Energy

Bill relief will be extended from 1 July 2024 for families, seniors and households struggling with rising costs.

The Family Energy Rebate and Seniors Energy Rebate will both increase to $250.

The Low-Income Household Rebate and Medical Energy Rebate will rise to $350. And we’ll cover rising costs of equipment under the Life Support Rebate.

This is on top of the National Energy Bill Relief payment introduced in July 2023, where in partnership with the Australian Government, the NSW Government is providing support to:

  • 1.6 million eligible households with a $500 electricity rebate automatically applied to bills before 1 July 2024.
  • 300,000 eligible businesses with a one-off $650 bill relief payment.

Health

The 2023-24 Budget funds free ambulance services for certain concession holders, with other exemptions including for people who are victims of domestic violence, sexual assault or child abuse.

New parents will continue receiving a Baby Bundle of essential items, while children receive free dental care at schools with mobile dental clinics.

Additionally, there’s a $250 Pre-IVF Fertility Testing Rebate to help eligible people cover costs.

The Government is providing financial assistance towards travel and accommodation costs when a patient needs to travel long distances for treatment that is not available locally through the Isolated Patients Travel and Accommodation Assistance Scheme (IPTAAS).

Plus, accessing essential health care will be made easier with free parking at rural and regional hospitals for staff, patients and families.

Tolls

There’s relief on our roads too.

We’re delivering on the promise of a $60 weekly toll cap to begin in January.

The cap will take cost-of-living pressure off more than 700,000 motorists. This is on top of the ongoing Toll Rebate Scheme and the M5 South-West Cashback Scheme.

There is also some relief for the freight industry that keep our state moving.

We’re reducing the truck multiplier by 33% on the M5 East and the M8, providing relief and encouraging more trucks to use the motorway network.

Recreation

Responsible cost-of-living decisions will see the government roll out a new means-tested $50 Active and Creative Kids voucher in February 2024.

While there’s a $50 voucher per child aged 3 to 6 not yet enrolled in school to start swimming lessons.

Eligible seniors, pensioners and veterans will receive discounted or concessional National Park passes.

A foundation for a better and more secure future for NSW

This Budget begins a new era of responsible long-term investment to support NSW families with cost-of-living pressures and to rebuild our essential services.

We are a government with a clear focus – managing our finances responsibly so we can provide support when you need it most and improve the essential services that we all rely on, now and into the future.

Higher quality homes and better protections for NSW consumers

The Minns Labor Government has delivered a budget to build more high-quality homes, and to ensure consumers are protected in a tough cost-of-living environment.

A down-payment of $24 million will establish the NSW Building Commission and let it hit the ground running.

An initial team of more than 400 dedicated staff will work with Commissioner David Chandler to drive dodgy builders out of the market and ensure buyers get the quality homes they deserve.

The NSW Government recognises the pressing need for more homes – to ease pressure in the housing market and keep young people in NSW.

The Minns Government is committed to ensuring the tens of thousands of new homes that NSW needs are quality homes.

The creation of a standalone Building Commission won’t just deliver better quality homes, it will also let NSW Fair Trading focus on its core business – protecting consumers.

It will do this by:

  • Working with the NSW Rental Commissioner to better protect the rights of renters and modernise the system to make it fairer.
  • Delivering an additional $1 million in funding for renters’ advocacy organisations.
  • Making sure products are safe and holding businesses that break the law accountable.
  • Working to resolve strata disputes before they end up in expensive legal battles.

The Minns Budget lays the foundations for a better consumer protections system.

We’ve made the careful decisions needed to reprioritise spending and resources so we can invest in and regulators people in NSW need.

Budget invests more than $5.3 billion in police and community safety

The Minns Labor Government is investing more than $5.3 billion this year to ensure the NSW Police Portfolio has the strength and support it needs to keep communities safe.

The Minns Labor Government’s first Budget begins a new era of responsible investment in essential services.

For the NSW Police Force, this means ensuring they have the resources they need to prevent crime and remain a world-class policing organisation.

The 2023-24 Budget sets a strong foundation for a better and more secure force by making sustainable investments in staff and infrastructure.

Police officer turnover more than doubled during the last term of the former government from 513 separations in 2017-18 to 1,286 in 2021-22.

This Government is committed to the long-term plan of rebuilding our Police Force over the next four years. The Budget commits $4 million in 2023-24 to fund an additional 20 police recruits who will hit the beat in Western Sydney after attesting at the end of this year.

We know this region includes some of Sydney’s fastest growing areas, so this investment will help not only the people who live there, but the officers who work hard to serve the community.

New investment of $103 million in capital expenditure over four years will support the upgrade of police facilities and infrastructure across the state, including:

  • $27 million for critical police operational radio communicating capabilities across the south, southwest and far west of New South Wales.
  • $23 million uplift in minor capital works to ensure that police officers have appropriate infrastructure, facilities, technology and equipment to respond to crime and keep the community safe.
  • $8 million for the construction of a new police wharf at Balmain to help ensure the NSW Police Force not only has the equipment but infrastructure it needs to keep our communities and waterways safe.
  • $3 million to upgrade police facilities at Helensburgh.
  • $8 million for repairs and refurbishments, including at Glebe Police Station and Nepean Police Area Command.
  • $2 million to support the crucial role of the NSW Police Marine Command through the upgrade of the Nemesis vessel that is used in extended offshore operations, including search and rescue and targeting narcotic importation.

Further, organised crime has no place on our streets and this Government is cracking down, with $15.4 million to create the Criminal Assets Confiscation Team, which will target, investigate and seize the ill-gotten wealth of crime kingpins, seriously disrupting their criminal activity.

$12 million will also enhance the capacity of our DNA testing program and make sure police continue to have the resources to identify offenders and solve serious crimes.
The NSW Police Force serves our community day in, day out, from proactive policing and keeping our roads safe, to addressing domestic violence and targeting organised crime.

These are sustainable, careful but strong measures to ensure the NSW community is protected; we know a strong, well-supported and well-resourced police force is critical to achieving that.

Laying the foundations to rebuild essential housing across NSW

The 2023-24 Budget begins the long-term work of rebuilding our social and affordable housing system.

Housing affordability and availability is the biggest single pressure facing the people of NSW, with mortgage payments or rent the largest expense for most households.

Addressing the chronic shortage of housing across NSW requires a long-term plan. The NSW Government has today taken important steps which will support First Home Buyers, renters and victim survivors of domestic violence. The 2023-24 Budget includes:

Social and affordable housing and homelessness:

The NSW Government will establish Homes NSW to deliver better outcomes for public and social housing tenants, deliver more affordable and social housing and reduce the number of people experiencing homelessness in NSW.

The 2023-24 Budget will also begin addressing housing supply and provide critical support programs to our most vulnerable people through a $224 million Essential Housing Package. The package includes:

  • $70 million debt financing to accelerate the delivery of social, affordable and private homes primarily in regional NSW.
  • $35.3 million to continue to provide housing services for Aboriginal and Torres Strait Islander families through Services Our Waylaunch.
  • $35 million to support critical maintenance for social housing.
  • $20 million reserved in Restart NSW for dedicated mental health housing.
  • $15 million to establish a NSW Housing Fund for urgent priority housing and homelessness measures to confront the housing crisis.
  • $11.3 million to extend the Together Home program.
  • $11 million urgent funding injection to Temporary Accommodation in 2023-24 to support rising homelessness.
  • $10.5 million urgent funding injection to the Community Housing Leasing Program.
  • $10 million Modular Housing Trial to deliver faster quality social housing.
  • $5.9 million urgent funding for 2023-24 to allow specialist homelessness services to address increasing demand.

Boosting housing supply:

  • $300 million reinvested in Landcomlaunch to accelerate the construction of thousands of new dwellings, with 30% for affordable housing.
  • $400 million reserved in Restart NSW for the new Housing Infrastructure Fund, to deliver infrastructure that will unlock housing across the state.
  • $1.5 billion for housing related infrastructure through the Housing and Productivity Contribution.
  • $60 million supporting new “Build to Rent” trials in the South Coast and Northern Rivers.

Planning reforms:

  • $24 million to establish a NSW Building Commissioner to support high quality housing and protect home buyers from sub-standard buildings.
  • $9.1 million to assess housing supply opportunities across government-owned sites, including for the delivery of new social housing.
  • $5.6 million for an artificial intelligence pilot to deliver planning system efficiencies.
  • Overhaul and simplify the planning system by redirecting resources from the Greater Cities Commissionlaunch and Western Parkland City Authority.launch

Today is another step in the right direction to rebuild our housing system. That means more money to build social and affordable homes as well as funding for vital homelessness services that some of the most vulnerable people of NSW need.

End of former government’s wages cap delivers for essential public sector workers

The Minns Labor Government is delivering on its election commitments to fix essential services by delivering the biggest pay rises to NSW essential workers in decades.

Since being elected, the Government has worked closely with public sector unions to negotiate better industrial instruments for staff and, ultimately, better services for the people of NSW.

So far, 41 industrial instruments have locked in pay increases for more than 190,000 public sector workers, including health workers, rural fire service and child protection officers, with more still to come.

This is part of the Government’s efforts to restore essential services and address critical staff shortages across the public sector.

These industrial instruments will now mean better pay which will help retain and develop existing staff while attracting new talent to make sure we can keep the State’s essential services like schools, hospitals, and national parks running smoothly for the people of NSW.

In June 2023, the NSW Government took the first steps towards recognising the valuable work of our essential workers with the largest pay rise in more than a decade by providing a 4.5 per cent pay increase to public sector employees in 2023-24.

This pay increase for more than 400,000 public sector employees was just the beginning of a longterm plan to support wage growth and rebuild essential services.

The 2023-24 NSW Budget builds on these efforts with a range of measures locked in, including:

  • Removal of the previous government’s wages cap from 1 September 2023.
  • $3.6 billion Essential Services Fund to support a new bargaining framework.
  • Investing more than $2.5 billion to recruit and retain health workers.
  • Securing a historic pay rise for the state’s nearly 100,000 teachers.

NSW Libs: Labor’s budget puts union mates before families

The Opposition has criticised the Minns Government’s Budget, saying it leaves behind hard working families struggling under Labor’s cost of living crisis and instead rewards Labor’s union mates for their support during the election.


The Budget relies on increased taxes and cuts to programs to offset the Government’s union wage deals.
 
“Since coming to office the Government has broken a string of promises,” Mr Speakman said.
 
“The Budget doesn’t account for major expenditure items such as the cost of extending the Eraring power station and assumes employee expenses won’t increase by more than 4.1% per year. This severely undermines the credibility of forward projections and forecasts.”
 
“This Government’s first priority is rewarding their union mates for their support during the election campaign. Chris Minns lacks vision, and ultimately families and households across NSW will pay the price.” 
 
Leader of the Nationals Dugald Saunders said the Budget failed regional NSW. 
 
“Chris Minns and his Government has again demonstrated that they don’t understand regional NSW. This Budget does little to help communities as they continue to recover from the impacts of drought and natural disasters,” Mr Saunders said.
 
“Vital cost of living programs that regional communities rely on have been cut, meaning more pressure on household budgets.”
 
Shadow Treasurer Damien Tudehope said the Budget forecasts, including a return to surplus next year, are entirely dodgy because the ultimate cost of the Minns Government pay deal with unions remains unknown. 
 
“The Budget today revealed that the wages bill (including superannuation) will exceed $55 billion in 2027. There is no prospect of the Government’s $3.6 billion being enough to cover union wage demands for the next four years.”
 
“Wages are the largest expenditure item in the Budget. We have seen a $17.6 billion tax hike – a massive $5.5 billion in 2023-24 alone – and cost of living measures cut to pay for this deal with the unions. Further unfunded wage increases will wipe out any prospect of achieving a surplus and risk the state’s Triple A credit rating.”
 
Shadow Minister for Finance Eleni Petinos said that over the coming days the Opposition will scrutinise the Budget and ensure that any secret cuts or creative accounting practices are brought to light.
 
“The Treasurer has boasted about $13 billion in savings, including $1.4 billion from the Education Department. We want to ensure that these cuts won’t impact frontline services and adversely affect people across NSW,” Ms Petinos said.
 
“In the midst of Labor’s cost of living crisis, rising inflation and high interest rates, the Government’s ongoing focus should be on providing support to families and households – not cutting essential cost of living programs as evidenced in today’s Budget.”
 
The Opposition will continue to hold Labor to account and ensure that families and households across NSW are put first.

FIRST SOCIAL HOUSING ACCELERATOR PROJECT IN CARLTON

More Victorians will have a place to call home in inner Melbourne, as the redevelopment of the old Carlton red brick public housing towers becomes the first Social Housing Accelerator project announced in the nation, thanks to the Andrews and Albanese Labor Governments.

Prime Minister Anthony Albanese, Premier Daniel Andrews and Victorian Minister for Housing Colin Brooks today visited the now-vacant Carlton site to announce the project, with demolition to begin next year.

The redevelopment will be wholly funded by the Federal Government’s Social Housing Accelerator and replace the 196 outdated, uninhabitable dwellings – built in the 1960s – with 231 modern, energy efficient homes for Victorians, increasing housing on the site by at least 10 per cent.

The 231 homes will form part of 769 homes Victoria will deliver as part of the Social Housing Accelerator investment – with the Albanese Government delivering almost $500 million for new social housing stock in Victoria on top of the Andrews Labor Government’s landmark $5.3 billion Big Housing Build, and the recently announced $1 billion Regional Housing Fund.

When complete, all former residents of the Carlton towers will be invited to return to live in the new homes on the site, which will also be used to house tenants who live in other public housing redevelopment projects while they are underway.

The Federal Government’s $2 billion Social Housing Accelerator will increase Australia’s housing supply by creating thousands of social homes across Australia – with all funding to be committed by states and territories within two years.

Today’s announcement builds on last month’s agreement by National Cabinet to the most significant housing reforms in a generation, including a new national target to build 1.2 million new well-located homes, the National Planning Reform Blueprint, and A Better Deal for Renters.

At National Cabinet, the Federal Government also committed $3 billion to the New Homes Bonus to incentivise states and territories to undertake the reforms necessary to reach the 1.2 million well-located homes target, and $500 million for the Housing Support Program to help local and state governments deliver new housing supply in well-located areas.

The announcement today also comes in the week after the Federal Parliament passed the $10 billion Housing Australia Future Fund.

Since Victoria’s Big Housing Build started in November 2020, more than 7,600 homes have been completed or are underway, and more than 2,800 are complete – with households already moved in, or preparing to be welcomed into their new homes.

Prime Minister Anthony Albanese said:

“Every Australian deserves the security of a roof over their head – our steps to deliver more homes around the country under the Social Housing Accelerator start right here in Carlton, where this housing will be given a modern rebuild to last for the long haul.

“We know Victorians want practical solutions, and we’re working with the Andrews Government to get on with the job of delivering more social housing.

“The Social Housing Accelerator is real dollars, driving real change and building more homes for Australians, and is part of our ambitious housing agenda, which includes the delivery of 30,000 social and affordable homes through our Housing Australia Future Fund.”

Premier Daniel Andrews said:

“Nothing is more important than finding a home – and it should be a place of pride, comfort, and security.

“Carlton is just the first of 769 homes we’ll build in Victoria as part of the Accelerator program – on top of the 12,000 social homes we’re delivering as part of the landmark Big Housing Build.”

Victorian Minister for Housing Colin Brooks said:

“Our Big Housing Build is an historic investment in housing, but we’re not stopping there. All over the state hundreds of workers are getting on with delivering on thousands of houses, so more Victorians have a safe place to call home.”

First Minns Labor Budget delivers for the Hunter

The Minns Labor Government is investing in the future of the Hunter and its people with the 2023-24 Budget boosting essential services, supporting education, ensuring people get the healthcare they need and building and maintaining roads.

Educating future generations of students is the greatest investment a government can make, that’s why this Budget is investing in teachers, new schools, maintenance and early learning environments.

More than six thousand teachers across the Hunter will receive their biggest pay increase in almost three decades and more than a thousand education staff will be made permanent, giving to workers, families and communities.

Funding for game-changing road projects will get traffic flowing, people moving and deliver critical repairs such as fixing potholes.

Labor’s $86 million regional road upgrade package will benefit people across the Hunter, including residents of Muswellbrook, Singleton, Dungog, Mid Coast, Maitland, Cessnock, Port Stephens, Lake Macquarie and Upper Hunter LGAs.

It includes improving the Golden Highway, particularly around Merriwa where the roads are congested and safety improvements along the Nelson Bay Road between Williamtown and Bob’s Farm.

Further, the Minns Labor Government is committed to providing quality and accessible healthcare across the Hunter. Investments in local hospitals will help ensure communities can access their essential services now, and when they need them in the future.

This Budget makes significant progress towards fulfilling our election commitments, including:

• The new Medowie High School

• Planning for Huntlee High School

• Restore John Hunter Hospital shuttle bus from McDonald Jones Stadium

• $3 million to Dungog Council

• $950,000 for a separated cycleway at Islington

$3.6 million for local commitments including:

• $300,000 to support services for vulnerable residents in Port Stephens

• $236,000 for new playgrounds across Lake Macquarie

• $200,000 for youth mental health initiatives and support at Singleton Neighbourhood Centre

• Up to $174,000 to local council for flood lighting at Blacksmiths Oval

• $140,000 to Charlestown Caring Group for a new bus

• $100,000 to Hunter Flood Relief/Cessnock Uniting Church for new homeless facilities

• $100,000 to Early Links, Ashtonfield to support cooking classes for people with a disability

• Investments in local Surf Lifesaving Clubs across Swansea and Newcastle

Minister for the Hunter Yasmin Catley said:

“For too long the Hunter has had to fight for its fair share of funding, this Budget prioritises people, services and projects to ensure our great region can thrive now and into the future.

“People are the backbone of the Hunter – from our frontline workers to our teachers and everyone in between. These people are heroes who deserve recognition which they’re finally getting under the Minns Labor Government.”