$1bn guarantee gives NSW developers the edgeThe NSW government has unveiled a $1 billion Pre-Sale Finance Guarantee to help developers secure funding, in a bid to fast-track housing projects and boost supply. Announced earlier this year as part of the budget, the Pre-Sale Finance Guarantee (PFG) program will see the government commit to spending up to $1 billion to buy up to 50 per cent of homes off the plan in approved NSW housing projects. The NSW government said the scheme addresses developers’ pre-sale funding requirements hurdle, amid rising wait times from approval to construction, which have increased from 5.6 to 7.8 months over the past five years. You’re out of free articles for this month Log in Sign up To continue reading the rest of this article, please log in. JavaScript is required for CAPTCHA verification to submit this form.