The Australian government has introduced a $10 billion (US$6.95 billion) package to address the lack of social and affordable housing across the country, touting it as a “turning point” for Australian home ownership.
On Feb. 9, the Australian government announced that it would table new legislation to the parliament to establish the Housing Australia Future fund, which returns are used to finance social housing construction.
The $10 billion fund, which was first announced by the Labor party before the 2022 federal election, is the largest investment in the housing sector in more than a decade.
“Housing problems are widespread and visible … the dream of a secure home has become so much harder,” Housing Minister Julie Collins said in comments obtained by AAP….