Weekend Times


The Times

Business News

Budget to pledge billions more in funds and fresh effort to tackle intractable housing crisis

  • Written by Michelle Grattan, Professorial Fellow, University of Canberra

Tuesday’s budget will respond to the deepening public agitation over Australia’s housing shortages by pouring new money into crisis accommodation for women and children, social housing and infrastructure.

A specially-convened national cabinet late Friday ticked off on the package, much of which is delivered through the states and territories.

It allocates $1 billion for crisis and transitional accommodation for women and children fleeing domestic violence, and youth under the National Housing Infrastructure Facility.

This includes increasing the proportion of grants for this investment from $175 million to $700 million in the budget to support crisis and transitional housing.

In the debate over violence against women that has taken centre stage in recent weeks, there have been constant calls for more accommodation to enable women to leave dangerous situations.

A further $1 billion is to be provided to “get homes built sooner”. This will be money for states and territories for roads, sewers, energy, water and other community infrastructure.

The government also announced a new $9.3 billion five year national agreement, starting July 1, on social housing and homelessness.

This is for states and territories to address homelessness, provide crisis support, and build and repair social housing. It includes a doubling of Commonwealth homelessness funding to $400 million annually, matched by state and territory governments.

The government’s statement on the housing package was very short on detail, with no indication on the timing through the forward estimates of the various funding allocations. Nor did it say whether any part of the money had been repurposed.

The government also said it will work with the higher education sector on regulations requiring universities to boost their supply of student housing for local and foreign students.

. It says the new budget money will build on the more than $25 billion in new housing funding it has committed to in various programs over the next decade.

It has a goal of building 1.2 million homes by the end of the decade.

But demand continues to run far ahead of supply, with high migration intakes – which the government is cutting – and shortages of labour and materials adding to the problem.

Prime Minister Anthony Albanese said the housing issue “isn’t about one suburb or one city nor one state. It’s a challenge facing Australians everywhere and it needs action from every level of government”.

Treasurer Jim Chalmers said the government was delivering billions more dollars in the budget to build more houses “because we know that to address this housing challenge, we need to boost supply”.

Authors: Michelle Grattan, Professorial Fellow, University of Canberra

Read more https://theconversation.com/budget-to-pledge-billions-more-in-funds-and-fresh-effort-to-tackle-intractable-housing-crisis-229818

The Weekend Times Magazine

Meet Untamed Natural Beauty! Breathtaking Journeys Await You in Komodo Island

Designed by Freepik Komodo Island, part of Indonesia’s Komodo National Park, offers a truly remarkable escape into nature. Known for its rugged beauty, pristine beaches, crystal-clear waters, and unique wildlife, it...

Why Rainwater Tanks Are Becoming Essential For Australian Homes

Water conservation has become increasingly important across Australia due to changing weather conditions, rising utility costs, and growing environmental awareness. Many homeowners are now investing in Rainwater Tanks to collect and...

Ben & Jerry’s launches ‘next-level ice cream’ phenomenon

Get ready, ice cream fans – a new ice cream revolution is coming to Australian shores! Ben & Jerry’s is today officially launching its new range of flavours to the...

Let's talk about nits!

My daughter struggled with nits for 8 years until I found this miracle cure Nits. The one-word granted to strike fear into mums everywhere … and have them immediately scratching their...

Out of 500 Nominations, My Guardian Breaks into Top 3 at Australia’s Prestigious 2025 ACE Awards

Sydney, 22 July 2025 – From humble beginnings to national recognition, My Guardian is celebrating a milestone achievement - being selected as one of the top three finalists in the...

5 Bars You Cannot Miss While Visiting Sydney

One of the best things about visiting Sydney is the nightlife. While there are a lot of touristic gems for visitors to see throughout the day, Sydney is also widely...

Prime Minister interview with Karl Stefanovic and Alison Langdon, Today

KARL STEFANOVIC: Joining us now from Kirribilli House in Sydney. PM, good morning to you. Thank you for your time.    PRIME MINISTER: G’day Karl.   STEFANOVIC: The Premiers don't seem to be listening...

Making these five clever moving mistakes will cost you both money and time

Moving to a new location can be a thrilling adventure, but it can also be costly and stressful. Because so much packing, planning, and logistics are involved, it is easy...

How To Install PVC Shutters At Home

Homes are the best place for relaxing and refreshing after the hectic and tiring daily life routine. The home should be decorated so that it gives people a warm welcome...

hacklink hack forum hacklink film izle hacklink online casinos australiaonwinonline casino australiaDeneme bonusu veren siteler 2026Matbetbetparkjojobetcratosroyalbettürk pornotarafbetcasibomgrandpashabetlunabetjojobetjojobetsbobetholiganbetcasibomlunabetvaycasinolimanbet