{"id":26593,"date":"2024-05-11T18:46:52","date_gmt":"2024-05-11T18:46:52","guid":{"rendered":"http:\/\/www.16news.com.au\/?p=26593"},"modified":"2024-05-11T18:46:52","modified_gmt":"2024-05-11T18:46:52","slug":"multi-billion-dollar-investment-to-build-more-homes-for-australians","status":"publish","type":"post","link":"http:\/\/www.16news.com.au\/index.php\/2024\/05\/11\/multi-billion-dollar-investment-to-build-more-homes-for-australians\/","title":{"rendered":"Multi-billion-dollar investment to build more homes for Australians"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">The Albanese Labor Government will make significant new housing investments in next week\u2019s Budget to help deliver our comprehensive&nbsp;<strong>Homes for Australia<\/strong>&nbsp;plan.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The Prime Minister convened National Cabinet on Friday, where Premiers and Chief Ministers backed the following new measures in the Budget to help Australians build, rent and buy:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>$1 billion directed towards crisis and transitional accommodation for women and children fleeing domestic violence, and youth<\/strong>&nbsp;under the National Housing Infrastructure Facility. This includes increasing the proportion of grants for this investment from $175 million to $700 million in the Budget to be able to support crisis and transitional housing.<\/li><li><strong>$1 billion to get homes built sooner<\/strong>&nbsp;\u2013 funding for states and territories to build the roads, sewers, energy, water and community infrastructure that we need for new homes and for additional social housing supply.<\/li><li><strong>A new $9.3 billion 5-year National Agreement on Social Housing and Homelessness<\/strong>&nbsp;\u2013&nbsp;for states and territories to combat homelessness, provide crisis support and build and repair social housing. This includes a doubling of Commonwealth homelessness funding to $400 million every year, matched by states and territories.<\/li><\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">This significant new investment builds on the more than $25 billion in new housing investments our Government is delivering over the next decade, including:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>$10 billion Housing Australia Future Fund<\/strong>&nbsp;to build 30,000 social and affordable rental homes.<\/li><li><strong>$2 billion Social Housing Accelerator<\/strong>&nbsp;to deliver around 4,000 new social homes across Australia.<\/li><li><strong>$3 billion New Homes Bonus<\/strong>&nbsp;to incentivise states and territories to build more homes.<\/li><li><strong>$5.5 billion Help to Buy scheme<\/strong>&nbsp;to help more Australians buy their own home.<\/li><li><strong>$2.7 billion to increase Commonwealth Rent Assistance<\/strong>&nbsp;by 15 per cent.<\/li><li><strong>$2 billion in financing for more social and affordable rental homes<\/strong>.<\/li><\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">We need to build more homes, more quickly, in more parts of the country.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Which is why the Albanese Government has an&nbsp;<strong>ambitious goal of building 1.2 million homes<\/strong>&nbsp;by the end of the decade.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">We know this is a challenge, but it\u2019s a challenge we have to meet.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">We need more tradies and construction workers. That\u2019s why earlier this week the Government announced&nbsp;<strong>$90.6 million to boost the number of construction workers, including 20,000 new fee free places<\/strong>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">We also need to reduce pressure on the private rental market.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">That\u2019s why the Government is today announcing we will work with the higher education sector on new regulation to&nbsp;<strong>require universities to increase their supply of student accommodation<\/strong>&nbsp;for domestic and international students.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Homes for Australia<\/strong>&nbsp;is our Government\u2019s plan to help keep the great Australian dream in reach.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"prime-minister-anthony-albanese\">Prime Minister Anthony Albanese:<\/h2>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\u201cThis Budget will provide an additional $1 billion for social and emergency housing to support women and children escaping domestic violence and will ensure a new five year funding agreement with states and territories for housing and homelessness.<\/p><p>\u201cWe are encouraging states and territories to kick-start building by providing an extra $1 billion to help fund the roads and services new homes need, and for new social housing.<\/p><p>\u201cThis Budget means more tradies, fewer barriers to construction, less talk and more homes.<\/p><p>\u201cThis isn&#8217;t about one suburb or one city or one state. It&#8217;s a challenge facing Australians everywhere and it needs action from every level of government.\u201d<\/p><\/blockquote>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"treasurer-jim-chalmers\">Treasurer Jim Chalmers:<\/h2>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\u201cHousing is a big priority for the Albanese Government and it will be a big focus of the Budget.<\/p><p>\u201cAustralia needs to build more homes more quickly and that\u2019s what this substantial investment will help to deliver.<\/p><p>\u201cWe\u2019re delivering billions more dollars in the Budget to build more homes across the country because we know that to address this housing challenge, we need to boost supply.\u201d<\/p><\/blockquote>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"minister-for-housing-julie-collins\">Minister for Housing Julie\u202fCollins:\u00a0<\/h2>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\u201cBuilding more homes is the best way to address Australia\u2019s housing challenges, and this is exactly what Homes for Australia will deliver.&nbsp;&nbsp;<\/p><p>&#8220;Homes for Australia will turbocharge the construction of new homes right across the country and ease the pressure on Australians doing it tough.&nbsp;<\/p><p>&#8220;We&#8217;re working across government, and with other tiers of government, to achieve the ambitious national target of 1.2 million new homes by the end of the decade.<\/p><p>&#8220;This will deliver more homes for home buyers, more homes for renters and more homes for Australians who need them.\u201d<\/p><\/blockquote>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"minister-for-education-jason-clare\">Minister for Education Jason Clare:<\/h2>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\u201cOur international education sector is incredibly important to our country.<\/p><p>\u201cWe need to ensure its ongoing sustainability and part of that means we need more purpose-built student accommodation.<\/p><p>\u201cWe need more purpose-built housing to support students in higher education and that\u2019s what these reforms, developed in consultation with the sector, will help to drive.\u201d<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>The Albanese Labor Government will make significant new housing investments in next week\u2019s Budget to help deliver our comprehensive&nbsp;Homes for Australia&nbsp;plan. The Prime Minister convened National Cabinet on Friday, where Premiers and Chief Ministers backed the following new measures in the Budget to help Australians build, rent and buy: $1 billion directed towards crisis and &hellip; <a href=\"http:\/\/www.16news.com.au\/index.php\/2024\/05\/11\/multi-billion-dollar-investment-to-build-more-homes-for-australians\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Multi-billion-dollar investment to build more homes for Australians&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-26593","post","type-post","status-publish","format-standard","hentry","category-aussie"],"_links":{"self":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/26593","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/comments?post=26593"}],"version-history":[{"count":1,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/26593\/revisions"}],"predecessor-version":[{"id":26594,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/26593\/revisions\/26594"}],"wp:attachment":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/media?parent=26593"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/categories?post=26593"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/tags?post=26593"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}