New housing modelling has painted a bleak outlook for Australia’s aspiring homeowners in the coming years as interest rate hikes and a surge in population growth are exacerbating housing shortages across the country. According to the latest modelling released by the National Housing Finance and Investment Corporation (NHFIC)–a federal agency tasked with improving housing outcomes,…

Labor’s flagship multi-billion dollar housing fund could be revived later this year after a federal government minister vowed to push on with negotiations. Legislation to set up the fund was rejected by the Senate crossbench, forcing the government to back away from its plan to get it passed during last week’s parliamentary session. Industry minister…

Crossbenchers in the senate are under pressure to pass the Australian Labor government’s $10 billion (US$6.7 billion) housing fund bill through the parliament this week after negotiations between the crossbenchers and the government derailed. The bill is an initiative by Labor to fulfil its election promise to build 30,000 social and affordable homes, and under the…

The centre-left Labor government looks like it has secured the necessary votes to pass its controversial industrial relations bill in parliament after crunch negotiations on Saturday with a key Senate crossbencher.  Workplace Relations Minister Tony Burke says he is confident the amendments to existing workplace relations law, which enshrine multi-employer bargaining, can pass after talks…

Former Wallaby player David Pocock has secured a place in federal parliament, after election officials confirmed the results of the Senate race in the Australian Capital Territory. The Australian Electoral Commission released the final preferences for the two upper house seats, which showed Finance Minister Katy Gallagher and Pocock being elected. The results mean the…