The South Australian authorities will pump an additional $55 million into public housing over the following 4 years to assist meet the rising want for reasonably priced properties.
The money comes on prime of the $177 million promised throughout final yr’s election marketing campaign and means 564 new properties shall be constructed by mid-2026.
The authorities may even cease the sale of 580 properties at present a part of SA’s public housing shares.
“Nothing is more fundamentally important to a quality life than a safe, affordable home,” Premier Peter Malinauskas mentioned.
“My Dad worked at the Housing Trust for more than 35 years. I’ve seen the difference public housing can make.
“For too lengthy, governments, each Liberal and Labor, have stood by as our public properties have been offered off, whereas ready lists develop. No longer.”
The extra funding came after the weekend announcement to fast-track the release of more land for housing in Adelaide.
The government has rezoned 235 hectares of land at Hackham, in the city’s south, creating the capacity for at least 2000 new homes.
It has additionally recognized websites at Dry Creek, Concordia and Sellicks Beach for future rezoning, sufficient house for greater than 20,000 new properties.
Source: www.perthnow.com.au
