One million homes to be built under agreement with states and investors

A scheme to build 1 million new houses will be unveiled in Treasurer Jim Chalmers’ first budget in a historic accord between the federal government, the states and private investors including the superannuation sector.

Chalmers will use the budget to outline the government’s plans to bring together states and the investment community to increase housing supply with a particular focus on new affordable homes.

Multiple sources on Monday confirmed elements of the accord would be unveiled in the budget, paving the way for a massive private and public investment in new housing across the country.

The government declined to comment.

Read More: https://www.smh.com.au/politics/federal/one-million-homes-to-be-built-under-agreement-with-states-and-investors-20221024-p5bsf9.html