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6mo ago

Dutton Unveils $5 Billion Plan to Boost Housing Supply

The Coalition proposes a housing infrastructure program to expedite the development of 500,000 homes, challenging Labor's existing initiatives.

The Opposition has unveiled its Housing Infrastructure Program, designed to accelerate the construction of up to half a million homes.
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Overview

  • Peter Dutton announced a $5 billion Housing Infrastructure Program aimed at fast-tracking the construction of 500,000 homes through grants and concessional loans.
  • The plan includes temporary funding for essential infrastructure like water, power, and sewerage to accelerate development projects.
  • The Coalition's proposal comes amidst criticism of the Albanese government's handling of the housing crisis, with Dutton accusing them of failing young Australians.
  • Labor leaders criticized the plan, arguing it does not compensate for proposed cuts to social and affordable housing spending.
  • Industry groups have shown support for the Coalition's approach, particularly its focus on reducing red tape and freezing changes to the National Construction Code.