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Federal Labor Government program to cut price of 450 homes in Western Sydney.

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Federal Labor Government Program to Cut Price of 450 Homes in Western Sydney

Ed Husic,Tanya Plibersek posted Thursday, 12 August 2010

Minister for Housing, Tanya Plibersek, and Federal Labor Candidate for Chifley, Ed Husic, today announced that 450 home buyers in Western Sydney would save $20,000 each through the Gillard Labor Government’s Housing Affordability Fund.

The Federal Labor Government will provide funding to Landcom to deliver essential infrastructure at Bunya, a new a 730-lot housing development in Western Sydney.

The funding will pay for infrastructure that will help the project to proceed including:

· Upgrading the existing intersection at Doonside Road and Bungarribee Road.

· Upgrading the intersection at Doonside and Douglas Road.

· A new road through the development to link these two intersections.

Turning the first sod on the development with NSW Minister for Lands, Tony Kelly, Tanya Plibersek said today that the project was a terrific example of how the Gillard Labor Government’s economic plan was delivering benefits to Western Sydney home buyers.

“The Federal Labor Government established the Housing Affordability Fund in 2008 to reduce planning and infrastructure costs for new housing developments,” Tanya Plibersek said.

“Through this program the Government is investing more than $460 million in over 70 local projects around Australia.

“These projects will deliver average cost savings of more than $18,000 to the buyers of more than 14,000 residential lots across Australia.”

Ed Husic said that the Gillard Labor Government’s investment in Bunya was a big win for people looking to buy a home of their own in Western Sydney.

“The Gillard Labor Government’s investment in Bunya will save 450 Western Sydney home buyers $20,000 each off the price of a new home,” Ed Husic said.

“The project will also will bring forward the development of a 730 lot estate in an area where new housing supply is greatly needed.

“The Gillard Labor Government understands the need to boost the supply of housing for Western Sydney home buyers.

“Unlike Tony Abbott, the Gillard Labor Government understands that families are struggling with cost of living pressures - and we are acting to help them meet those pressures.”

Funding for this $7.6 million project is already in the Budget, through the Housing Affordability Fund.

Tags: Bunya, Chifley, Ed, housing, Husic, Plibersek, Tanya