NSW budget focuses on the housing crisis, but some property owners may have to pay

They've been crunching the numbers for weeks on end. Thank you Treasurer budget. OK. And now the means government is about to present it's second budget in nine months. Well, look, amazing work. It's a responsible budget in difficult economic times and one the Treasurer says will tackle the state's most pressing issue, decisive actions to deal with the housing crisis that is affecting all of NSW. The government's already earmarked hundreds of millions of dollars for faster planning approvals and affordable houses for frontline workers. Now the Treasurer's hinting there'll be new money to help some of the state's most vulnerable find homes here in NSW. It is harder, particularly for the victim survivors of family violence, to have a safe place to go because NSW has not made investments in this space for more than a decade. But to boost the budget bottom line, the government will stop indexing the tax free threshold on land tax. It means people with investments and holiday homes will have to pay the tax once their property value surpasses $1.075 million. It'll bring in nearly $1.5 billion / 4 years. So that arguably will push rents up some. Some people will say I'm going to sell my rental property. It's just too difficult to hold it. NSW will continue to offer the highest land tax threshold in the nation. The Treasurer is now forecasting four more years of budget deficits. He's blaming the GST Carver, but public sector pay rises won't help. The exact damage won't be revealed until tomorrow morning, but Daniel Mookie says there is some hope on the horizon. People will say that the deficits are falling each year over the forward estimates. Finding something to smile about in a mostly unflashy budget.