Australian Government Introduces $10 Billion Fund to Tackle Social Housing Issues

Australian Government Introduces $10 Billion Fund to Tackle Social Housing Issues
A person walks past a public housing tower on Morehead Street in Sydney, Australia, on Sep. 16, 2021. Lisa Maree Williams/Getty Images
|Updated:

The Australian government has introduced a $10 billion (US$6.95 billion) package to address the lack of social and affordable housing across the country, touting it as a “turning point” for Australian home ownership.

On Feb. 9, the Australian government announced that it would table new legislation to the parliament to establish the Housing Australia Future fund, which returns are used to finance social housing construction.
Alfred Bui
Alfred Bui
Author
Alfred Bui is an Australian reporter based in Melbourne and focuses on local and business news. He is a former small business owner and has two master’s degrees in business and business law. Contact him at [email protected].
Related Topics