Thousands of new homes will be created for public housing tenants with state and territory governments set to receive a $2 billion boost within the next fortnight.
Each state will receive at least $50 million and the remaining money will be allocated on a per capita basis.Luis Enrique Ascui
He did not specify exactly how many homes would be created, saying that would depend on how governments chose to spend the money.“State and territory governments have agreed that it will be in perpetuity, so we’re not going to have public housing built and then flogged off,” Mr Albanese told reporters.
The Property Council welcomed the boost as a positive step towards addressing the housing affordability crisis, while also calling on decision makers to push for more purpose-built retirement and student accommodation.Advertisementto tackle the rising cost of housing but state leaders have ruled out taking any action, arguing it would reduce the flow of supply and investment.
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