Housing remains one of the greatest challenges our State faces.

My Government is determined to turn that around.

When I became Premier three years ago, I promised to do our part to help take the pressure off buying or renting your home.

Since then, we have delivered historic planning reforms to build more homes that people can buy and rent.

These reforms are starting to work.

Approvals are now up 19 per cent, decisions are 15 per cent faster, and 75,000 homes are under construction right now.

Just this week we introduced new laws to crack down on underquoting, stopping dodgy real estate agents from ripping off families trying to buy a home.

Real estate agents caught doing the wrong thing will face penalties of up to $110,000 or three times their commission, whichever is greater.

Our First Home Buyers Assistance Program has completely removed or reduced stamp duty for over 82,000 first home buyers across New South Wales.

I believe it is important that we do our bit to help young families get into the housing market.

But delivering more housing supply takes time, which is why we have also taken immediate steps to support renters right now.

More than a third of people across our State rent and as cost-of-living pressures continue, they are renting for longer.

This is why I am committed to making renting fairer and more secure.

We have limited rent increases to once a year, banned no grounds evictions and established a NSW Rental Commissioner to give renters an advocate and a tough cop on the beat.

Soon, we're launching a nation first Portable Bonds Scheme, stopping families having to pay a bond twice while moving homes to take some of the financial pressure off.

These are real practical measures in effect right now to take some of the burden off families trying to get into the home they want.

Fixing our housing system will take time but I am confident we have the right plan for the future, and I am committed to delivering it.