Budget 2024: Tradies set to cash in as Albo pledges $11.3billion to build social and affordable homes
7 months, 2 weeks ago

Budget 2024: Tradies set to cash in as Albo pledges $11.3billion to build social and affordable homes

Daily Mail  

The Albanese government will unveil an $11.3billion housing package, predominantly designed to boost the supply of social and affordable homes, as a centrepiece of its May 14 budget. Revealing the announcement following a meeting of the National Cabinet on Friday evening, Prime Minister Anthony Albanese said Labor's 'Homes for Australia' plan would keep the Australian dream of home ownership within reach. Prime Minister Anthony Albanese said Labor's 'Homes for Australia' plan would keep the Australian dream of home ownership within reach The commitment includes increasing the proportion of grants for this investment to $700millio, up from a previous $175million, to run accommodation services. States and territories are also set to benefit from a further $1billion for road, energy and other enabling infrastructure to support new home construction Amid soaring rents, rock bottom vacancy rates and surging home prices, fuelled in part by weak home building activity and soaring international arrivals, has fuelled voter discontent and heightened demands for governments to address the cost and availability of housing.

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History of this topic

Housing crisis: How Kamala Harris, Democrats plan to increase homebuilding and affordable housing.
54 years, 11 months ago

Housing crisis: How Kamala Harris, Democrats plan to increase homebuilding and affordable housing.

Slate  

For the first time in memory, Democrats are running a national campaign with a focus on building more housing. “It’s no longer a controversial proposition anywhere in the country to say that we need more housing, it’s urgent, and the government should stop making it so damn hard to build.” Headlines about the Harris plan have been dominated by the …

The under-the-radar proposal to end homelessness in Los Angeles for $20 billion
3 months, 1 week ago

The under-the-radar proposal to end homelessness in Los Angeles for $20 billion

LA Times  

A homeless man waits for transportation to housing as Mayor Karen Bass’ Inside Safe program employees along with the Sanitation Bureau clean up homeless encampments along Hollywood Boulevard and Gower Street in Hollywood in August. It would cost $20.4 billion to end homelessness in Los Angeles in a decade, a price tag requiring local, state and federal governments to more …

Yellen announces efforts to boost the housing supply as high prices create a crunch
6 months ago

Yellen announces efforts to boost the housing supply as high prices create a crunch

Associated Press  

WASHINGTON — The Biden administration announced new steps to increase access to affordable housing as still-high prices on groceries and other necessities and high interest rates have dramatically pushed up the cost of living in the post-pandemic years. The investments include providing $100 million through a new fund to support affordable housing financing over the next three years, boosting the …

Australia's housing crisis in 10 graphs, from the federal budget
7 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
7 months, 1 week 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 …

Australia to miss target of 1.2 million new homes by 2029, according to State of the Housing System report
7 months, 3 weeks ago

Australia to miss target of 1.2 million new homes by 2029, according to State of the Housing System report

ABC  

In short: A deal through the National Housing Accord aims to build 1.2 million new homes by 2029. A deal through the National Housing Accord aims to build 1.2 million new homes by 2029. A deal through the National Housing Accord with federal, state and territory governments aims to build 1.2 million new homes by 2029. Australia's housing system 'far …

Why Australia's housing crisis is expected to get even worse - and correcting it could take years
8 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
9 months, 1 week 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 …

Queensland has announced major changes to address the state's housing crisis. Here's what's changing
10 months, 2 weeks ago

Queensland has announced major changes to address the state's housing crisis. Here's what's changing

ABC  

Queensland is in the midst of a housing crisis. More than 53,000 homes could be added to Queensland's social housing stock over the next two decades under a new "ambitious" target set by the state government. Advocacy groups say that's not enough Photo shows a wide shot of cameron dick and meagan scanlon wakling through a construction site wearing high-vis …

NSW government's $224m social housing package not enough to solve problem, advocates say
1 year, 3 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 …

Biden administration announces new program aimed at reducing homelessness
1 year, 7 months ago

Biden administration announces new program aimed at reducing homelessness

CNN  

CNN — The Biden administration announced new steps Thursday to assist the nations unsheltered population, launching a new initiative accelerating local efforts in six of the nation’s most populous cities as part of a larger goal to reduce the country’s homelessness by 25% by 2025. According to the federally mandated Point in Time Count conducted every year by HUD to …

What's in the federal budget to help ease the housing affordability crisis?
1 year, 7 months ago

What's in the federal budget to help ease the housing affordability crisis?

ABC  

Whether you're trying to keep up with runaway rent increases, hoping to break into the market for the first time, or struggling to budget for mortgage repayments, it's clear Australia is in the midst of a housing affordability crisis. Photo shows An African lady smiling in her new social housing residence The Parliamentary Budget Office warns phasing out property tax …

Social housing and homeless given $511 million boost in WA budget to allow for 700 new homes
1 year, 7 months ago

Social housing and homeless given $511 million boost in WA budget to allow for 700 new homes

ABC  

The Western Australian government will inject $511 million into social housing and homelessness initiatives under the state budget in its latest attempt to combat the housing crisis. Key points: There will be 700 new social housing homes and fixes to old properties Homeless people in regional WA and the Keystart program will also benefit Almost 30,000 people were on the …

Inslee proposes billions for housing, would need voter OK
2 years ago

Inslee proposes billions for housing, would need voter OK

Associated Press  

OLYMPIA, Wash. — Washington Gov. Jay Inslee proposed Wednesday that state spending during the next two years prioritize housing, including an effort to quickly build thousands of units that would require the OK from Washington voters. The governor hasn’t proposed any new tax increases but the budget reflects new sources of funding recently passed by lawmakers: a capital-gains tax and …

'Aspirational' target of 1 million affordable rental homes unveiled in federal budget. Here's what the plan looks like
2 years, 1 month ago

'Aspirational' target of 1 million affordable rental homes unveiled in federal budget. Here's what the plan looks like

ABC  

Look anywhere in Australia and you'll see a housing market under intense pressure. It makes the federal government's goal of a million homes under a new Housing Accord sound like welcome relief. Tell me what's been promised Even the budget documents call the 1 million dwellings an "aspirational" target, with the federal government itself only locked in for an extra …

Budget 2022: Cut in home loan interest rate, infra upgrades may make PM’s housing for all a reality
2 years, 11 months ago

Budget 2022: Cut in home loan interest rate, infra upgrades may make PM’s housing for all a reality

Firstpost  

Union Budget 2022-23: Among the direct benefits, Budget 2022 might bring a potential relief to direct home buyers with an increased limit of home loan interest deduction for tax rebate from Rs 2 lakh to Rs 5 lakh As the Union Budget is around the corner, the anticipations from across the industries are on a rise. Building on this, the …

As WA's public housing waitlist ballooned, department spent a fraction of funds, report finds
3 years, 2 months ago

As WA's public housing waitlist ballooned, department spent a fraction of funds, report finds

ABC  

Across a nine-month period when WA was suffering from public housing and affordable rental shortages, just 2 per cent of a budget allocated to build new social housing and refurbish existing ones was spent, a report has found. Key points: Just over $500,000 of almost $100 million aimed at social housing was spent Shelter WA says it is concerning when …

Innovative Housing First homelessness strategy faces regional WA housing shortage hurdle
3 years, 4 months ago

Innovative Housing First homelessness strategy faces regional WA housing shortage hurdle

ABC  

A long-awaited program that was intended to be a 'game-changer' in tackling homelessness in regional Western Australia is being hampered by an acute shortage of social housing. Key points: Housing First is a multi-million dollar strategy meant to find permanent homes for the people who are homeless A severe social housing shortage is hampering efforts to get the people off …

Councilman Kevin de León wants 25,000 housing units for homeless people by 2025
3 years, 11 months ago

Councilman Kevin de León wants 25,000 housing units for homeless people by 2025

LA Times  

When the Los Angeles City Council opens its 2021 term on Tuesday, Councilman Kevin de León will introduce a range of motions with the goal of creating 25,000 new housing units for homeless people by 2025. In an interview, De León was light on details about how the city might generate enough housing to almost double the number of units …

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