A meeting of Australia's political leaders has resulted in an agreement to boost Australia's housing supply by an additional 200,000 to build 1.2 million new homes.
National cabinet also agreed to a measure to limit rent increases to once a year.Australia's housing target will be increased as part of a plan agreed to by state and territory leaders at national cabinet.
The new target is an extra 200,000 homes on top of what was previously pledged as part of the National Housing Accord target.The Prime Minister said $3 billion would be used to support the states and territories to build the new homes."An additional 200,000 homes with $3 billion allows for an incentive of $15,000 per additional home, over and above the one million that had previously been agreed to," he told reporters in Brisbane on Wednesday.
The reforms included developing a nationwide policy that would require landlords to prove genuine and reasonable grounds for evicting tenants.The Greens have so far opposed the federal government's $10 billion Housing Australia Future Fund over the government's lack of support to renters, with the minor party calling for rent freezes.
The Prime Minister said moving towards nationally consistent laws on renting would make it easier for renters.
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