50,000 Aussies become homeowners

50,000 Aussies become homeowners

The Albanese authorities has slammed Liberals and Greens for “grandstanding” through the housing disaster, having now assisted greater than 50,000 Australians into dwelling possession.

Housing Minister Julie Collins mentioned “this is just the beginning”.

“We’ve got construction underway on affordable rental homes across the country, and concrete plans on building tens of thousands more,” she mentioned on Saturday.

“But most importantly, we’re helping those who need it most.

“We’re delivering the largest increase in rent assistance in more than 30 years, as well as a $1.6bn one-year extension of the National Housing and Homelessness Agreement with States and Territories.”

CANBERRA, AUSTRALIA - FEBRUARY 16: Minister for Homelessness and Minister for Small Business Julie Collins during Question Time at Parliament house in Canberra. Picture: NCA NewsWire / Martin Ollman
Camera IconMs Collins mentioned the milestone is simply ‘the beginning’. NCA NewsWire / Martin Ollman Credit: Supplied

More than 6000 Australians have been assisted into dwelling possession by way of the Regional First Home Buyer Guarantee, arrange in October.

Couples represent the most important class of recent owners within the 12 months because the election, adopted by single girls.

It can also be anticipated that the eligibility standards of the Home Guarantee Scheme, together with the First Home Guarantee, Regional First Home Buyer Guarantee and the Family Home Guarantee, will probably be “significantly expanded” from July 1.

SYDNEY, AUSTRALIA - NewsWire Photos, MARCH 20, 2023. Generic images of Sydney properties as the Reserve Bank of Australia is set for a major shake-up. Picture: NCA NewsWire / Jeremy Piper
Camera IconThe authorities mentioned greater than 50,000 individuals have now been helped into dwelling possession within the 12 months because the election. NCA NewsWire / Jeremy Piper Credit: Supplied

“We have a long-term vision for changing the architecture of housing in Australia,” Ms Collins mentioned.

“We have the legislation.

“We just need the Liberals and the Greens to stop grandstanding, and start helping Australians in housing stress instead.”

Demand for homelessness charities jumped by 26 per cent from January 2020 to December 2022, in line with a report by Mission Australia.

Four in 10 individuals who sought assist from such organisations have been employed but unable to satisfy climbing rental costs, whereas solely a 3rd of these experiencing homelessness have been in long-term housing.

BRISBANE AUSTRALIA - NewsWire Photos MARCH 27, 2023: South BrisbaneÃs Musgrave Park where QueenslandÃs housing crisis is deepening. Public spaces in major cities are being taken over with tent cities as rent rises push people out of housing. NewsWire / Sarah Marshall
Camera IconFour in 10 individuals who sought assist from homelessness charities have been employed however unable to satisfy skyrocketing rental costs. NewsWire / Sarah Marshall Credit: Supplied
SYDNEY, AUSTRALIA - NewsWire Photos December 10, 2022: Hopeful Sydney-siders checking out the Sydney rental market in the Eastern Suburbs. Picture: NCA NewsWire / Jeremy Piper
Camera IconRental vacancies reached their lowest ranges in years. NCA NewsWire / Jeremy Piper Credit: Supplied

The report additionally discovered the quantity of individuals sleeping tough, dwelling in tents and improvised properties, had greater than doubled previously three years.

This 12 months rental vacancies additionally reached their lowest ranges in 5 years, driving up rental costs amid an ongoing value of dwelling disaster.

New rental listings throughout the nation fell by 18.9 per cent in April with Sydney, Melbourne and Perth dealing with the hardest situations nationwide.

Source: www.perthnow.com.au