I believe housing is a basic human right. Every Australian should have access to a safe and stable place to call home. However, the rising cost of housing has created a significant challenge for many people in our community, making it increasingly difficult to enter the property market or secure a stable rental. I know the housing crisis requires urgent action.
Since coming to Government we have:
Helped 1.1 million Australians with rising rents, by increasing the maximum rate of Commonwealth Rent Assistance by 15%
Committed to a National Housing Accord with a shared ambition to build one million new, well-located homes over five years from 2024.
Put a further $2 billion into financing more social and affordable rental housing by increasing the guaranteed liabilities of the National Housing Finance and Investment Corporation.
Doubled the incentive for investors to fund specifically build-to-rent projects, further boosting housing supply.
Invested $1.6 billion towards the National Housing and Homelessness Plan.
This is the floor, not the ceiling. I will continue to be a strong advocate for a more equitable housing landscape.
I’ve written a policy piece on housing with The McKell Institute, The Crumbling Australian Dream, which goes into more depth if you want to read further.
To read "The Crumbling Australian Dream: An Examination of Australia’s Housing Sector" click the button below:
