NSW Homes Report: Historic Investment Yields Record Results

NSW Gov

More than 5,100 new social, affordable and key worker homes have been delivered across NSW and tens-of-thousands more have been upgraded as the Minns Labor Government delivers on its promise to rebuild the state's public housing system.

The Minns Labor Government established the $6.6 billion Building Homes for NSW program in June 2024 with the stated goal of delivering 8,400 new homes and over 33,000 upgrades.

Half of those new homes will be dedicated to women and children fleeing domestic violence.

It remains the single largest investment in social housing in the state's history and is helping meet growing demand, improving living conditions for tenants, and extend the life of existing housing stock.

Two years into the program, the results show that social housing is growing again with thousands of new homes and significant upgrades to the existing housing stock.

Halfway Report Card:

  • Total delivery: Since being elected in early 2023, the Minns Labor Government has delivered 5,175 social, affordable, key worker homes and long term vacant homes brought back into use.
  • FY2025-26: Homes NSW delivered a total of 1,757 homes including social and affordable housing, key worker homes, and vacant restorations, another record-breaking year of completions.
  • Upgrades: Between 1 July 2024 and 30 June 2026, Homes NSW Housing Portfolio completed 25,752 public housing upgrades towards the 30,000 Building Homes for NSW target, representing more than three-quarters of the upgrade target.
  • Aboriginal Housing Office results: Between 1 July 2024 and 30 June 2026, the AHO completed 2,129 upgrades towards the 3,500 Building Homes for NSW target, more than 60% of the upgrade target.

These results mark a significant turnaround from the former Liberal-National government, who oversaw the selloff of more than 7,600 homes and assets - worth almost $3.6 billion - and left the state's public housing system in decline as housing demand continued to grow.

While significant progress has been made, the NSW Government acknowledges there is more work to do to address housing need across the state and continues to get on with the job of delivering new homes while modernising and improving existing properties.

Homes NSW has more than 1,000 new social homes currently under construction and more than 1,000 additional social homes approved for construction.

Alongside record investment in building new homes, the Government is also investing in homelessness services and prevention initiatives through the NSW Homelessness Strategy 2025-2035, helping ensure experiences of homelessness rare, brief and non-recurring.

Together these investments for part of a broader housing agenda to boost supply, improve affordability and ensure more people have access to a safe and secure home.

Quotes attributable to Minister for Housing and Homelessness Rose Jackson:

"This milestone is about more than numbers. It's about a public housing system moving forward again after years of decline. It's about every family or individuals who has a better, safer and more secure place to call home.

"Building Homes for NSW is the biggest investment in social housing in a generation and it is my great privilege to see more and more homes under construction right across the state for those who need it most.

"For too long, public housing was allowed to deteriorate while demand continued to grow. We're not just building new homes; we're upgrading thousands of existing properties and investing in the people and communities who depend on them.

"Today is a great day to reflect on how far we've come already, but it's certainly not job done. I want everyone who is currently on the waitlist to know that we have literally thousands more homes in the pipeline."

/Public Release. This material from the originating organization/author(s) might be of the point-in-time nature, and edited for clarity, style and length. Mirage.News does not take institutional positions or sides, and all views, positions, and conclusions expressed herein are solely those of the author(s).View in full here.