Albanese government announces massive $2b package to deliver 65,000 new homes
The Albanese government has set aside $2b in Tuesday’s budget to deliver tens of thousands of new homes over the next decade.
The Albanese government has announced a $2b funding package aimed at delivering 65,000 new homes over the next decade.
Funding for the scheme will be included in Tuesday’s budget with a quarter of it devoted to regional Australia.
The Local Infrastructure Fund is aimed at building infrastructure, such as roads, water and power, which would have otherwise prevented housing development.
Sign up to The Nightly's newsletters.
Get the first look at the digital newspaper, curated daily stories and breaking headlines delivered to your inbox.
By continuing you agree to our Terms and Privacy Policy.The funding will be directed to local governments and state utility providers.
Of the four-year, $2b package, $500m has been reserved for housing development in regional areas.
The government says it hopes the package will support the construction of 65,000 new homes over 10 years.
“In this Budget, we’re investing billions of dollars to build more homes for Australians,” treasurer Jim Chalmer said.
“Right now, it’s too hard for too many Australians to get into their own home and get ahead and that’s why we’re investing in supply.
“Our housing plan is pro-aspiration and it’s pro-investment.
“We’re coming at this housing challenge from every responsible angle, and boosting supply is central to that.
The government touted that the fund had taken its spending on housing to $47b since coming to government.
Originally published as Albanese government announces massive $2b package to deliver 65,000 new homes
