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Can $32 billion fix the housing crisis?

Can $32 billion fix the housing crisis?

The Albanese government’s ambitious plan to boost housing supply might not make a difference before the next election. Is there a better solution?

Robert HarleyContributor

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The Albanese government will go to the next election with a worthy $32 billion worth of housing programs – and next to nothing to show for it.

Tenants will still be squeezed by high rents; mortgage holders will still be paying much more than they once hoped; and first home buyers will still face the daunting hurdles of high deposits and unaffordable repayments.

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Robert Harley
Robert HarleyContributorRobert Harley is The Australian Financial Review's former property editor. Connect with Robert on Twitter. Email Robert at rob@rharley.com.au

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Original URL: https://www.afr.com/property/commercial/can-32-billion-fix-the-housing-crisis-20240515-p5jdto