The Australian government will reveal its ambitious plan to build more affordable housing when its first budget is delivered on Tuesday night.
Treasurer Jim Chalmers confirmed he was working with state and territory governments, the building industry, and superannuation funds to build one million new homes.
During its election campaign, the government already pledged 30,000 social and affordable housing in five years under its $10 billion Housing Australia Future Fund. The newest plan will be inclusive of all housing policies.
“We believe we need an ambitious target for affordable homes. I don’t think anybody in Australia thinks the housing market is working as it should, particularly for people who want to live near where they work. And so that’s a big focus of ours,” he told ABC radio….