Greens and Senate unite to kick $10 billion Housing Australia Future Fund to the long grass
1 year, 10 months ago

Greens and Senate unite to kick $10 billion Housing Australia Future Fund to the long grass

ABC  

The Greens and Coalition have joined forces in a move that kicks Labor's $10 billion housing policy into the long grass. Key points: Labor wanted its $10 billion Housing Australia Future Fund legislated this week The government and Greens are at loggerheads over the legislation The stand-off prompted a fiery debate in the Senate as Labor lost control of the daily agenda It leaves the federal government's plans for a Housing Australia Future Fund at a major roadblock and stuck in the parliament for at least another month. "The Labor Housing Future Fund is a steaming pile of neo-liberal rubbish, that doesn't guarantee the building of a single house in this country," he said. The Housing Australia Future Fund would invest $10 billion dollars, and use the returns on that investment to build social and affordable housing. Under the government's model, the housing fund would sit under the Future Fund, which is broadly up 10 per cent over the past decade, but lost money in the 2021-22 financial year.

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History of this topic

Government under pressure to fund and build more social housing amid 'extremely severe' shortage
3 months, 3 weeks ago

Government under pressure to fund and build more social housing amid 'extremely severe' shortage

ABC  

Rebecca is feeling the housing crisis more than most. Over the next five years, the federal government's new $10 billion Housing Australia Future Fund is targeted at funding 40,000 affordable and social homes for families like Rebecca's. "The Housing Australia Future Fund is encouraging substantive amounts of private sector investment into social and affordable housing, which means less taxpayer funds …

The government is under pressure to fund and build more social housing
3 months, 3 weeks ago

The government is under pressure to fund and build more social housing

ABC  

REBECCA: I got seven kids, five of them living with here with me. ALEXANDRA BLUCHER: Charles Northcote is the CEO of BlueCHP Limited, a major community housing provider racing to build houses for families like Rebecca’s. ALEXANDRA BLUCHER: BlueCHP recently applied for funding from the Housing Australia Future Fund – a federal scheme aiming to assist in funding 30,000 social …

The Future Fund has become a political football. What is it, and what's changing?
Trending News
4 months ago

The Future Fund has become a political football. What is it, and what's changing?

ABC  

The federal government's decision to direct the Future Fund to invest more in housing and green energy was always going to ruffle feathers. The government put $60.5 billion into a fund, the Future Fund, in part to ensure it could meet financial obligations like the payment of public service pensions, but also broadly so that it would have money saved …

Government tells Future Fund to invest in climate and housing but preserve focus on returns
4 months, 1 week ago

Government tells Future Fund to invest in climate and housing but preserve focus on returns

ABC  

The federal government will direct the Future Fund to invest in housing and the green energy transition where profitable, in the most consequential role change in its 18-year history. Mr Combet said the announcement reflected "confidence in the work we do" and would allow the fund to stay focused on delivering a return while adding to its portfolio of energy …

Greens demand additional housing spend in exchange for passing Labor's stalled housing bills, but deal looks unlikely
4 months, 1 week ago

Greens demand additional housing spend in exchange for passing Labor's stalled housing bills, but deal looks unlikely

ABC  

The Greens have made a new offer to the Albanese Government to pass two key housing bills stalled in the Senate. But the approach looks set to fail, at least for now, with the government accusing the Greens of "working with Peter Dutton" to block new housing. But in a new letter to Housing Minister Clare O'Neil, Greens housing spokesperson …

Treasurer aims to bring home building into the 21st century with new fund for states
4 months, 2 weeks ago

Treasurer aims to bring home building into the 21st century with new fund for states

ABC  

State governments will be rewarded if they clear away red tape to unlock more modular homes, under a new federal government fund to be announced by Treasurer Jim Chalmers today. Labor's tax break for housing investors hits Senate snag Photo shows Building covered in scaffolding, construction, crane The federal government proposal is stranded in the Senate after the Coalition and …

Peter Dutton’s $5 billion plan for 500,000 new homes focussed on speeding up infrastructure delays, cutting red tape
5 months, 1 week ago

Peter Dutton’s $5 billion plan for 500,000 new homes focussed on speeding up infrastructure delays, cutting red tape

ABC  

Opposition Leader Peter Dutton has delivered a major new housing policy, promising to spend $5 billion speeding up funding for critical housing infrastructure — like sewerage, water and power. Announcing the Coalition's new housing policy at a greenfield housing site outside of Perth on Saturday, Opposition Leader Peter Dutton has maintained the Coalition isn't considering negative gearing either. Use it …

Government social housing fund green-lights first grants but Help To Buy scheme set to fail
6 months, 1 week ago

Government social housing fund green-lights first grants but Help To Buy scheme set to fail

ABC  

The federal government has approved grants for the construction of thousands of social and rent-capped homes, the first to be supported by its $10 billion housing fund established one year ago. Housing Minister Clare O'Neil said 185 housing projects had been green-lit in the first round of grants distributed through the Housing Australia Future Fund, a move which would deliver …

Australia's housing crisis in 10 graphs, from the federal budget
10 months, 1 week ago

Australia's housing crisis in 10 graphs, from the federal budget

ABC  

The Albanese government knows Australia has a housing problem. "Australia's housing system has been unable to build enough new housing stock to keep up with the needs of our population," it warns. Australia's housing supply is low by international standards The government has pointed out that Australia has fewer dwellings per 1,000 people than the OECD average. Supply shortages contribute …

Budget 2024: Huge funds injection promises billions to build homes quicker - here are the Aussies most likely to benefit
10 months, 2 weeks ago

Budget 2024: Huge funds injection promises billions to build homes quicker - here are the Aussies most likely to benefit

Daily Mail  

Funds to address the housing crisis will make a life-changing difference for people desperately in need of accommodation, according to housing campaigners who welcomed news of a multi-billion dollar budget injection to build homes quicker. The federal government will pour $11.3billion into housing initiatives when Tuesday's budget is handed down by Treasurer Jim Chalmers, with support from premiers and chief …

Why Australia's housing crisis is expected to get even worse - and correcting it could take years
11 months ago

Why Australia's housing crisis is expected to get even worse - and correcting it could take years

Daily Mail  

Australia's housing crisis will get worse before it gets better and the Albanese government is under growing pressure to do more to fix it in next month's budget, a new report says. A backlog of half-built home and stalls on new projects are projected to worsen Australia's housing crisis, experts say The economist wasn't confident the government's goal of building …

The worrying graph that shows Australia is going the wrong way in building the 1.2million new homes it needs to solve the housing crisis
1 year ago

The worrying graph that shows Australia is going the wrong way in building the 1.2million new homes it needs to solve the housing crisis

Daily Mail  

A plunge in home approvals has cast severe doubt over the federal government's ambitious plan to build 1.2million homes in five years. Australia's new house approvals are slumping casting severe doubt over the federal government's promise to build 1.2milion homes in five years To meet the Albanese government's targets, 20,000 homes will need to be built every month from July …

Western Australian family-of-four forced to live in a caravan after being booted from their rental
1 year, 4 months ago

Western Australian family-of-four forced to live in a caravan after being booted from their rental

Daily Mail  

A family of four have been left homeless and forced to live in a friend's caravan amid Australia's ongoing housing crisis. The family is now facing eviction from the van due to a strict 27-day stay limit enforced by the caravan park Steven said his family are now officially classified as homeless and are eligible to receive help from the …

NSW government's $224m social housing package not enough to solve problem, advocates say
1 year, 6 months ago

NSW government's $224m social housing package not enough to solve problem, advocates say

ABC  

Social housing advocates have criticised the New South Wales government's pre-budget housing package, saying it "only scratches the surface" of the state's growing housing crisis. Key points: Premier Chris Minns said there were record numbers of people on the housing waiting list He called the Essential Housing Package a first step towards solving the crisis Advocates said much more needed …

Government's $10bn Housing Australia Future Fund passes parliament
1 year, 6 months ago

Government's $10bn Housing Australia Future Fund passes parliament

ABC  

The $10 billion Housing Australia Future Fund has passed parliament, paving the way for new social and affordable homes to be built. Key points: The government's $10 billion housing bill has passed allowing 30,000 new houses to be built over five years The nation's peak housing and homelessness bodies have welcomed the news Master Builders Australia says an increase in …

Australia's rental crisis prices out educators, nurses and aged care workers
1 year, 7 months ago

Australia's rental crisis prices out educators, nurses and aged care workers

ABC  

Australia would grind to a halt without essential workers but most can barely afford to put a roof over their heads. Key points: New research found some essential workers could only afford 0.9 per cent of rentals Rental stress will be a key issue at this week's cabinet meeting Rental vacancies remain low despite a record high number of homes …

Housing minister will not rule out dumping $10 billion housing fund in favour of easier option
1 year, 9 months ago

Housing minister will not rule out dumping $10 billion housing fund in favour of easier option

ABC  

A key election commitment to set up the Housing Australia Future Fund is in doubt, after the housing minister would not outline the government's next steps. Key points: The government may not re-attempt to pass its signature $10 billion housing fund after failing yesterday Senator David Pocock says the Greens' vote to delay the bill rather than defeat it has …

Federal government to spend $2 billion on social housing around Australia
1 year, 9 months ago

Federal government to spend $2 billion on social housing around Australia

ABC  

The federal government has made a one-off $2 billion investment in social housing around the country, with funding to be distributed among the states and territories over the next two weeks. Key points: Prime Minister Anthony Albanese will announce $2 billion for states and territories to deliver social housing The housing minister has offered to guarantee a $500 million yearly …

Federal government concedes key housing demand in bid to secure Senate crossbench support, but Greens remain opposed
1 year, 9 months ago

Federal government concedes key housing demand in bid to secure Senate crossbench support, but Greens remain opposed

ABC  

The federal government has made a key concession on its centrepiece housing policy to try and garner crossbench support in the Senate, but the Greens still plan to vote against the bill. Key points: The housing minister has offered to guarantee a $500 million yearly spend on housing in return for crossbench support The government says the $10 billion Housing …

Greens offer compromise to break Housing Australia Future Fund stalemate
1 year, 9 months ago

Greens offer compromise to break Housing Australia Future Fund stalemate

ABC  

The Greens have offered to compromise further on the government's signature housing bill to put an end to a stalemate in the Senate, but the federal government looks unlikely to take up the offer. Key points: The government's Housing Australia Future Fund has faced a stalemate for weeks The Greens have offered a compromise, but it would still force a …

Australia's homeless hidden in plain sight
1 year, 9 months ago

Australia's homeless hidden in plain sight

ABC  

The underbelly of an inner-city expressway. He, like so many other homeless people he meets, are what he calls "ordinary" Australians hit by sudden hardship, squeezed out of the housing market, eking out private corners in public spaces. "They had normal lives, some were industry professionals, some ran small businesses, they were normal people you'd normally meet in the street," …

No campaign accused of misrepresenting First Nations commentators in youth-targeted advertisements
1 year, 9 months ago

No campaign accused of misrepresenting First Nations commentators in youth-targeted advertisements

ABC  

CheckMate is a weekly newsletter from RMIT FactLab recapping the latest in the world of fact checking and misinformation. "The redevelopment will also achieve a minimum 10 per cent increase in social housing at the site and help tackle housing affordability in Victoria, particularly in inner Melbourne," the spokesperson said. "Social housing is an umbrella term that in Victoria includes …

Promise check: Establish a $10 billion Housing Australia Future Fund
1 year, 10 months ago

Promise check: Establish a $10 billion Housing Australia Future Fund

ABC  

Before the 2022 election, Labor promised to create a $10 billion Housing Australia Future Fund, interest from which will be used to fund a number of housing projects. "That's why Labor would create the Housing Australia Future Fund, a $10 billion investment in social and affordable housing," he said. According to a policy document on the ALP's website: "Each year …

Reality bites for thousands of Australians living in housing stress
1 year, 10 months ago

Reality bites for thousands of Australians living in housing stress

ABC  

When Sylvia Massara's marriage broke down, she moved out of the family home and into a rental. Rent set to go up 10 per cent at Sylvia's charity-run housing estate Each year the property manager of the housing estate Ms Massara lives in raises the annual lease fee on par with inflation – which should be around 7 per cent …

Four ways to bring down rent and build homes faster than Labor's $10 billion housing fund
1 year, 10 months ago

Four ways to bring down rent and build homes faster than Labor's $10 billion housing fund

ABC  

Treasurer Jim Chalmers is the first in decades to declare war on what he calls the "pain of rising rents". I can think of at least four things that would do more to restrain rents than Labor's $10 billion fund — and one of them would do it a lot quicker. Greens and Coalition unite to block Housing Australia Future …

Labor's major housing policy likely to face changes after opposition from Coalition, Greens
2 years, 1 month ago

Labor's major housing policy likely to face changes after opposition from Coalition, Greens

ABC  

The federal government will likely be forced to change its housing plan, with both the Opposition and Greens raising concerns about the $10 billion fund. Key points: The Greens want $5 billion spent every year to build new houses, up from $500 million The Coalition will finalise its position on the bill today but have not flagged support for it …

Budget 2020 disappoints many experts and builders with its lack of big infrastructure projects
4 years, 5 months ago

Budget 2020 disappoints many experts and builders with its lack of big infrastructure projects

ABC  

Massive infrastructure projects, such as building Sydney's now world-famous Harbour Bridge in the 1920s and the Snowy Mountains Scheme, which started in 1949, were central to Australia's post-war economic recoveries. Key points: The Budget upped infrastructure spending by $10 billion, but that is spread over several years Some analysts and former politicians point out that some of the budgeted spending …

Future Drought Fund that formed centrepiece of Scott Morrison's summit passes Lower House
5 years, 8 months ago

Future Drought Fund that formed centrepiece of Scott Morrison's summit passes Lower House

ABC  

Rain is still not forecast for drought-stricken communities, but there is Federal Government money on the horizon for next year. Key points: The Future Drought Fund was the centrepiece of Scott Morrison's 2018 drought summit It will pay out $100 million next financial year and the same again in 2021 Legislation passed the Lower House on Monday night with bipartisan …

Opposition won't back PM's Future Drought Fund
6 years, 1 month ago

Opposition won't back PM's Future Drought Fund

ABC  

The Opposition will not back legislation to establish the Coalition's Future Drought Fund, labelling it a "Nationals slush fund". The Future Drought Fund was the centrepiece of Prime Minister Scott Morrison's 2018 drought summit and, would see $100 million a year go to help people prepare for, and respond to, drought from next year. But Labor's agriculture spokesman Joel Fitzgibbon …

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