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{{propApi.successMessage}} {{region}} Change locationHIA welcomes ‘Homes for Australia’ budget plan
HIA welcomes ‘Homes for Australia’ budget plan
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The Federal Government has today announced an $11.3 billion 'Homes for Australia' package, with a key focus on building more social, community and affordable housing, along with crisis and student accommodation.
Saturday, 11th May 2024
“The Housing Industry Association (HIA) welcomes this important investment to deliver more critical housing to those who need it the most,” HIA Managing Director, Jocelyn Martin said today.
“The $11.3 billion package includes $9.3 billion for a new 5 year National Agreement on social housing and homelessness, $1 billion towards crisis and transitional accommodation, and a further $1 billion in infrastructure funding for states and territories to get these homes built sooner.
“Today’s announcement provides an additional boost to the Housing Australia Future Fund (HAFF) to build more housing under that scheme. It is something HIA has been calling for as part of this year’s federal Budget.
“The 'Homes for Australia' plan also includes working with the higher education sector to increase the supply of student accommodation for domestic and international students. This segment of the market is often overlooked when it comes to housing investment and can often lead to more pressure to the private housing market.
“A key part of the 'Homes for Australia' plan to build more housing is the $1 billion in funding for states and territories to build the roads, sewers, energy supply and water infrastructure, that is needed to get homes shovel ready faster.
“Today’s announcement is not the full answer to addressing Australia’s significant housing shortages, but it is an important step forward. It will bring more supported housing options into the market over the next few years targeted to those who need it most and reducing demand from these home seekers on other parts of the housing market,” concluded Ms Martin.
“The $11.3 billion package includes $9.3 billion for a new 5 year National Agreement on social housing and homelessness, $1 billion towards crisis and transitional accommodation, and a further $1 billion in infrastructure funding for states and territories to get these homes built sooner.
“Today’s announcement provides an additional boost to the Housing Australia Future Fund (HAFF) to build more housing under that scheme. It is something HIA has been calling for as part of this year’s federal Budget.
“The 'Homes for Australia' plan also includes working with the higher education sector to increase the supply of student accommodation for domestic and international students. This segment of the market is often overlooked when it comes to housing investment and can often lead to more pressure to the private housing market.
“A key part of the 'Homes for Australia' plan to build more housing is the $1 billion in funding for states and territories to build the roads, sewers, energy supply and water infrastructure, that is needed to get homes shovel ready faster.
“Today’s announcement is not the full answer to addressing Australia’s significant housing shortages, but it is an important step forward. It will bring more supported housing options into the market over the next few years targeted to those who need it most and reducing demand from these home seekers on other parts of the housing market,” concluded Ms Martin.
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