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The Conversation
The Conversation
Katrina Raynor, Director of the Centre for Equitable Housing, Per Capita and Research Associate, The University of Melbourne

After a hopeful start, Labor’s affordable housing fund is proving problematic

Housing Housing Australia Future Fund Australia

When the Albanese government announced the A$10 billion Housing Australia Future Fund in 2023, the news reverberated through the housing sector.

A new funding facility to help build 30,000 social and affordable rental homes in five years. Given we only increased Australia’s social housing stock by 24,000 dwellings in the decade to 2024, this represents a significant uptick.

The future fund is part of the National Housing Accord’s overall commitment to build 1.2 million new homes by the end of the decade. This target is now in serious doubt following advice from Treasury.

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