Google AI

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

The Future of the Sales Handoff: From AI SDR to Human Closer

Artificial intelligence is altering the sales process at lightning speed. For many firms, AI is their Sales Development Representative. This class of SDRs completes the initial stage of the sales...

This City of Museums is Deserve to be Put on Your Wishlist, Especially if You Are a First-Timer to Australia

Sydney is a multicultural city that has a lot of art in it. You can find street art on the city's outskirts and world-class art galleries. Sydney museum are countless...

Top 6 Ways Robotic Pool Cleaners Save You Time and Money

A pool is a great investment that improves the aesthetics of your home and also offers a fun and enjoyable way to relax, exercise or entertain loved ones. However, many...

The Best Tech Inventions to Cover the Next Decade

Online casino gaming is one piece of evidence to prove that the tech world is constantly evolving and becoming better. Thanks to the coming of technology you can get to...

Camplify Research Reveals 2020 is the Year of the Local Road Trip

Camplify has today released a research report highlighting that 2020 is no doubt the year of the local road trip. With COVID-19 restricting international travel, Australians have hit the roads...

Elevating Events with Convenience and Style: Why Hiring a Coffee Cart is the Perfect Choice

The humble coffee break has transformed into a focal point of social connection, productivity, and hospitality. Whether it's a corporate function, wedding celebration, community festival, or pop-up market, the presence...

Why Lighting Stores Perth Are the Key to Brightening Homes and Businesses

The right lighting can transform a room from dull to dynamic, highlight architectural details, and create an inviting environment for living, working, or entertaining. For those in Western Australia, visiting...

How to Care for Your Dental Veneers: Tips from Experts

Dental veneers are a popular cosmetic dentistry solution that enhances smiles by covering imperfections such as discoloration, chips, or gaps. Among the different types available, porcelain veneers stand out for...

All the Things You Need to Know Before Flying to Cairns

Cairns is the gateway to Queensland, offering a tropical climate and a relaxing atmosphere, making it an ideal destination for outdoor activities. The city has iconic destinations, charming cafes, lively...