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Fruits of Government’s Signature Housing Fund Revealed

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Fruits of Government’s Signature Housing Fund Revealed
Construction workers are seen onsite at a combined residential and commercial development in Surry Hills of Sydney, Australia on June 24, 2024. Lisa Maree Williams/Getty Images
AAP
AAP
1/31/2025|Updated: 1/31/2025
0:00

Australia’s home-ownership dream will slip further out of reach without urgent investment, the sector warns as the government unveils the first fruit of its multi-billion-dollar social and affordable housing fund.

With only 180,000 homes built in the past year, Australia is falling well below the 240,000 needed annually to meet demand, the Housing Industry Association (HIA) said as it revealed its pre-budget wishlist.

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Australian Associated Press is an Australian news agency.
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