Treasury officials say the shortage of housing stock has been making it more difficult to find a property to buy or rent.
Our population has been growing too quickly in recent years, and, when coupled with changes in peoples’ housing preferences, it has resulted in worsening affordability for renters and first-home buyers.
$1.9 billion to increase the maximum rates of Commonwealth Rent Assistance by a further 10 per cent to alleviate rental stress (over five years from 2023-24).
$88.8 million for 20,000 new fee-free TAFE places (over three years from 2024-25), which includes increased access to pre-apprenticeship programs, in courses relevant to the construction sector.
Those measures will complement the well-publicised “target” to build 1.2 million new, well-located homes over five years, starting from 1 July 2024.
And finally, the government says the tertiary education sector is very important for Australia’s economy but the number of students it is bringing into the country is putting pressure on the private rental market.
The original article contains 1,096 words, the summary contains 160 words. Saved 85%. I’m a bot and I’m open source!
This is the best summary I could come up with:
Treasury officials say the shortage of housing stock has been making it more difficult to find a property to buy or rent.
Our population has been growing too quickly in recent years, and, when coupled with changes in peoples’ housing preferences, it has resulted in worsening affordability for renters and first-home buyers.
$1.9 billion to increase the maximum rates of Commonwealth Rent Assistance by a further 10 per cent to alleviate rental stress (over five years from 2023-24).
$88.8 million for 20,000 new fee-free TAFE places (over three years from 2024-25), which includes increased access to pre-apprenticeship programs, in courses relevant to the construction sector.
Those measures will complement the well-publicised “target” to build 1.2 million new, well-located homes over five years, starting from 1 July 2024.
And finally, the government says the tertiary education sector is very important for Australia’s economy but the number of students it is bringing into the country is putting pressure on the private rental market.
The original article contains 1,096 words, the summary contains 160 words. Saved 85%. I’m a bot and I’m open source!