Urban Taskforce Australia CEO Tom Forrest tonight welcomed a significant step forward by the Albanese Government in recognising that privately delivered, market housing needs more support if there is any chance of achieving the 1.2 million new homes under the National Housing Accord.
$1 billion for new housing enabling infrastructure – available to states this year
The $1 billion Priority Works Stream infrastructure funding for the States to provide critical infrastructure such as roads and water was a “Eureka moment”. The Commonwealth has finally acknowledged that infrastructure dollars to stimulate housing supply were key to addressing the nation’s deteriorating housing supply crisis.
The good news is that the money is available straight away – in the 2024-25 financial year.
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