The New South Wales Baird government has announced an historic decision to privatise public housing.
In a $22 billion bonanza for the government's property developer mates, public housing estates will be torn down and rebuilt into places where private tenants and homeowners outnumber social housing tenants by 70% to 30%.
NSW Coalition Minister for Social Housing Brad Hazzard announced the state government's "Future Directions for Social Housing" policy. It includes the transfer of 35% of public housing to community housing organisations.