Government to invest billions in new home builds
ABC News — May 10, 2024, 02:00 PM UTC
Summary: The federal government will invest billions in new homes in the upcoming budget, aiming to build 1.2 million homes by 2030. An additional $1 billion will be allocated for crisis and transitional accommodation for women and children. $9.3 billion will be provided to states and territories over five years for homelessness support and social housing. The government also plans to increase student accommodation. Rental vacancies are at a record low of 0.7%.
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