Sydney’s growing population requires thousands of affordable homes annually

Even though more than half-a-billion worth of affordable and social housing is slated to be built in New South Wales by the non-for-profit sector over the next three years, the estimated 1,400 new homes in the construction pipeline will barely make a dent in undersupplied Sydney, according to the experts.

Since 2012, nearly 1,300 properties have been built or acquired by NSW’s 18 largest community housing providers (CHPs), which are set to buy or build an additional 1,404 homes by 2020, according to the NSW Community Housing Industry Snapshot.

Canterbury-Bankstown and the inner west will see the biggest surge in social and affordable housing, followed by Penrith. These areas have been particularly hard hit by rental stress.

While key workers—such as police officers, teachers, and nurses—are leaving Sydney’s inner and middle ring suburbs for the city’s fringe, people living in the outlying suburbs are also struggling.

Click here to read more.