Google AI
The Times Australia

Times Media

Government provides another $1 billion to finally win Greens' support for long-delayed housing bill

  • Written by: Michelle Grattan, Professorial Fellow, University of Canberra

The government has provided another $1 billion for public and community housing to secure a deal with the Greens to finally pass the Housing Australia Future Fund.

After months of stalling, the Greens agreed to pass the legislation through the Senate this week, despite the government refusing to give ground on the minor party’s demand for controls on rents.

During the battle over the fund, a core Labor promise, there were suggestions from the government that its blocking could end up in its eventual use as a double dissolution bill.

The $10 billion fund will provide an annual $500 million for social and affordable rental housing.

The government earlier this year announced $2 billion for social and affordable housing in an unsuccessful effort to secure the Greens’ backing for the legislation. It also gave a guarantee the annual amount from the fund would be at least $500 million, rather than being able to be variable.

Greens leader Adam Bandt said: “Pressure works. Labor said there was no more money for housing this year and we pushed them to find $3 billion”. He said the Greens would continue to push Labor to put an end to what he called “unlimited rent rises”.

“Renters are on the march, and the Greens will be fighting alongside them all the way,” Bandt said.

Greens housing spokesman Max Chandler-Mather said: “Renters have a national voice for the first time”.

“Greens power secured six times what Labor wanted to spend on social housing in a single year for public and community housing, and now we are going to use that power to win a freeze and cap on rent increases.”

The government used question time in parliament to spruik the coming passage of the bill, which already has the support of some of the other Senate crossbench.

Read more https://theconversation.com/government-provides-another-1-billion-to-finally-win-greens-support-for-long-delayed-housing-bill-213248

Times Magazine

Using AI to Do Your Investment Taxes? Sharesight Says Think Again

The Australian Taxation Office (ATO) has issued a fresh warning this tax season against relying on...

Why AutoCalc Draws a Line Between AI and Lending Maths

Most mortgage technology starts with the assumption that a client’s income has already been unders...

BYD Sealion 7 Named Australia's Most Searched-For Electric Vehicle as Interest in EVs Accelerates

New research from car insurance expert MoneySuperMarket reveals the BYD Sealion 7 is the most-se...

Technology

Using AI to Do Your Investment Taxe…

The Australian Taxation Office (ATO) has issued a fresh warning this tax season against relying on...

Local News

Psychology clinic in Tasmania opens…

In response to Tasmania’s growing mental health crisis, a new purpose-built, multi-disciplinary me...

Culture

Junction Arts Festival Returns to Transform L…

Launceston will once again become a platform for bold art, performance, music and shared experienc...

Travel

Korea Tourism Organization Invites Australian…

The Korea Tourism Organization (KTO) has launched Korea Unlocks More of You, a new national campai...

The Times Features

Junction Arts Festival Returns to Transform Launceston …

Launceston will once again become a platform for bold art, performance, music and shared experienc...

As Aussies Ask More of Their Food, Grill'd Unveils…

Because a protein hit shouldn’t mean a flavour trade-off.Wellbeing has become the defining obsession...

Who Really Funds Australia's Biggest Projects?

When Australians see a new motorway, renewable energy project, logistics hub or office tower under...