Right above a new metro station and minutes from the CBD, my Government is delivering thousands of homes where people need them - close to work, close to services and close to transport.

This is a city-shaping renewal project, with a new precinct being

 established at Bays West that will deliver up to 8,500 well located homes.

This will include a minimum of 10 per cent affordable and essential worker homes directly above the new Bays West Metro Station that is currently under construction.

This precinct will include affordable and essential worker housing from day one, so nurses, teachers, paramedics and police can live closer to the communities they serve.

The new suburb is located just minutes from the CBD and connected to a world class metro, ferry and cycling links.

The precinct will combine new housing with public open space, opening public access to the waterfront for the first time in more than 100 years.

We are working to get the balance right with projects like the Bays West Precinct and building a new station at Woollahra supporting more housing in our city.

Under the previous Liberal National Government housing approvals declined by 17 per cent in one year alone, locking more people out of the housing market and making it harder to find a rental.

We can't let that continue.

The Productivity Commissioner warned that if we don't act, we could become a city with no grandchildren as young families find it harder to find a home that suits their needs in the city they love.

It's why we introduced the biggest housing reforms in 50 years to build more homes, faster. Right now, across NSW more than 70,000 homes are under construction.

To meet our housing targets, we need to put publicly owned land to work for the people of NSW.

If we want Sydney to stay liveable and affordable, we need to be bold about using underutilized Government owned land to deliver homes for the future.

Bays West is the next step in opening Sydney Harbour to everyone, giving the next generation a fair chance to live close to opportunity.

We understand that not everyone will welcome change, but cities can't stand still.

If Sydney is going to remain a place young people and families can afford to live in, we must use well located land better and plan for the future.