GENERAL NEWS
THE Albanese Government has taken a significant step toward addressing Australia’s housing crisis by introducing an initial set of affordability requirements for...
The new initiative which takes effect from January 1 this year, means at least 10% of dwellings in eligible Build-to-Rent projects must be classified as “affordable dwellings...
The government has also introduced income thresholds to ensure the homes are accessible to eligible tenants, including frontline workers and others on moderate incomes...
The measure is aimed at providing secure, long-term rental options for moderate-income workers and vulnerable Australians, bolstering the housing supply while offering...
The affordability standards follow recent legislative changes that offer tax incentives to attract investment in BTR. The government and the Greens struck an agreement at...
The passage of the bill will allow eligible BTR projects will be provided with a reduced 15% managed investment trust withholding rate...
EY modelling shows the amended legislation can deliver 80,000 new rental homes over the next ten years. Of these, 8,000 would be affordable homes and 1,200 would become...
The measure forms part of the Albanese government’s ambitious $32 billion Homes for Australia plan, which aims to deliver 1.2 million new homes by 2029...
The government is also preparing a second tranche of reforms to further enhance tenant protections and affordability. Key upcoming measures include...
- Mandating involvement of community housing organizations to manage affordable units. - Preventing no-fault eviction clauses in tenancy agreements...
Furthermore, there is also a 45% increase in Commonwealth Rent Assistance, benefiting over 1 million households.