crane
The Property Council has outlined its reason for the fund to continue. Image – Canva.
  • PCA urges NSW to continue Accelerated Infrastructure Fund
  • Says funding is needed for "vital infrastructure" in Sydney's North-West

The Property Council of Australia (PCA) has called for the New South Wales Government to continue financial support for the Accelerated Infrastructure Fund (AIF) in the upcoming budget.

In particular, the Property Council’s Western Sydney Regional Director, Ross Grove, says funds are needed for the delivery of what he describes as “vital infrastructure” in Sydney’s North West.

“The Accelerated Infrastructure Fund is a critical plank in ensuring growing communities in the North West get the local roads, sporting fields and community infrastructure needed to support an expanded population base.”

Ross Grove, PCA Western Sydney Regional Director

Today, the New South Wales Government did announce construction work is underway on all 14 projects in The Hills and Blacktown. These projects in total received $145 million worth of funding from the AIF.

Mr Grove said in the PCA’s pre-budget submission, the organisation asked for funding to continue support for local infrastructure as a means of promoting economic activity in the short with a long term effect of improving liveability for local residents.

“The property industry accounts for more than one in ten local jobs provided in the Blacktown and The Hills local government areas,” said Mr Grove.

“We need to ensure this part of our economy keeps ticking over as the region charts a course toward economic recovery. Unlocking funds for local infrastructure is an important part securing a stable supply of new housing while keeping the costs of building in new areas affordable.

“We look forward to seeing the great work done by the AIF expanded into the coming financial year.”



You May Also Like

Federal Government renews $67.5 million funding for homelessness services

Over 200 support staff in Victoria to continue their crucial work, with $23.5 million allocated for their wages

Green-focused Perth commercial building approved

The 10-storey timber building will be located within the Bishops See heritage precinct

Demand for land drives NSW values toward $3 trillion

Increased by $1.7 trillion in the past year

Top Articles

PropertyGuru Asia Property Awards (Australia) 2025 officially launched, spotlighting urban innovation

The 2025 awards introduce new categories, with entries closing 18 July.

Avoid the herd for successful property investment in 2025

Property expert reveals which Australian locations are poised for growth in 2025.

Where should you invest: Metropolitan or regional markets?

Explore the pros and cons of metropolitan vs. regional property markets.