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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Timeline:

  1. [5.4]
    Australia's housing crisis addressed in federal budget with $8.1 billion (ABC News)
    15d

  2. [4.7]
    $90 million pledged for fee-free TAFE to boost construction workforce (ABC News)
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