US Deputy Secretary of State Kurt Campbell says a ‘total victory’ in Gaza is unlikely for Israel; Housing challenge tough but ‘not insurmountable’: Treasurer Jim Chalmers. Follow updates live.
Federal Treasurer Jim Chalmers says the nation’s housing challenge is tough but “not insurmountable”, adding that rent and housing supply are major elements of his inflation headache. “These are the challenges, but they’re not insurmountable,” Chalmers told ABC Radio, referring to the rising number of construction companies facing collapse as well as local councils’ resistance to urban development. “Rent and housing supply are big parts of our inflation challenge, we recognise that.
What you’ll see in the budget tonight is $32 billion worth of investment in building more homes for Australians, and that’s because we recognise the housing pipeline is not where it needs to be.” The treasurer also said the budget’s primary focus would be assisting those doing it tough. “My message to Australians doing it tough is we understand that.
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