Dutton Unveils $5 Billion Plan to Boost Housing Supply
The Coalition proposes a housing infrastructure program to expedite the development of 500,000 homes, challenging Labor's existing initiatives.
- Peter Dutton announced a $5 billion Housing Infrastructure Program aimed at fast-tracking the construction of 500,000 homes through grants and concessional loans.
- The plan includes temporary funding for essential infrastructure like water, power, and sewerage to accelerate development projects.
- The Coalition's proposal comes amidst criticism of the Albanese government's handling of the housing crisis, with Dutton accusing them of failing young Australians.
- Labor leaders criticized the plan, arguing it does not compensate for proposed cuts to social and affordable housing spending.
- Industry groups have shown support for the Coalition's approach, particularly its focus on reducing red tape and freezing changes to the National Construction Code.