Prime Minister Anthony Albanese said the money, which will be used until 30 June 2025, will be delivered to state and territory governments within two weeks to increase the housing supply for Australians on the waiting list.
The Labor government I lead believes that every Australian deserves a roof over their head
Albanese said in Melbourne. he added:
Public rental apartments are only built with money.
The government said in May it would provide A$14.6 billion over four years in the federal budget to lower the cost of living for families and businesses, which it promised would not fuel inflation.
In Albanese statement has called for more housing for Australians a “major national priority”, With the additional financing, he said, government investment in the sector will exceed A$9.5 billion in the 2023 financial year.
The government also wants to set up an A$10 billion housing fund to build at least 30,000 new, affordable homes, but its intention to do so faces opposition from small-party senators in Parliament.
According to Australian government data, there were 417,800 households in major social housing schemes, including public housing, in June 2021, up from 378,600 households in June 2008.
Cover photo: Shutterstock
