Every NSW kid to be given harbourside apartment, in new Future Fund promise

For each harbourside condominium a guardian buys their kids, the Perrottet Authorities will match it with one other harbourside condominium, in a brand new coverage designed to deal with poverty.

Launching the coverage yesterday, the NSW Premier mentioned he needed to provide all kids a head-start in life and scale back the poverty hole between the haves and the have-nots.

“There are a whole lot of youngsters on the market who sadly solely get gifted one condominium from their dad and mom. That may create an enormous hole between those that have multiple. So by matching that preliminary present with one other condominium from the Authorities, we’ll make sure that all NSW youngsters have a harbourside place for themselves and one as a rental funding. Plus we’ll match a guardian’s funding in further residences yearly till the kid turns ten”.

Perrottet dismissed considerations that some households wouldn’t be capable to afford a harbourside house. “I’m sorry, I don’t perceive the query,” he mentioned. “All the modelling I’ve seen reveals that the individuals who matter to us can afford one”.

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