500th home built from Millers Point sales

23 Jun 2017

The NSW Government has unveiled the 500th home built from the proceeds of Millers Point social housing sales.

While visiting the site in Penrith, Minister for Social Housing Pru Goward said the money stemming from the Millers Point sales would continue to ensure that more social housing is built and people are provided a house as soon as possible.

“This is a great day and a very important milestone. These sales are helping the NSW Government provide vital housing for some of our most vulnerable people across the state,” Ms Goward said.

“The sales of the Millers Point homes are returning hundreds of millions of dollars back into the social housing system, and another 290 units are currently under construction across the wider Sydney area, the Illawarra and the North Coast of NSW.

“These developments deliver on the Government’s commitment to reinvest the proceeds of the Millers Point sales into new social housing.”

Already more than $397 million in extra funding has been generated as a result of the sale of 185 dwellings. This money is expected to result in around 1500 new dwellings.

Already developments are occurring in areas of identified need for social housing, including Bankstown, Canterbury, Liverpool and Fairfield areas and the Sutherland and Wollongong areas.

New social housing is also under construction in Coffs Harbour and the Hawkesbury area in North Richmond.

For more information on the Millers Point project log onto www.millerspoint.facs.nsw.gov.au