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AAP
AAP
Business
Jacob Shteyman and Aaron Sheldrick

Renters get quick relief as new housing takes time

The federal budget has a firm focus on addressing Australia's lacking housing supply. (Bianca De Marchi/AAP PHOTOS)

A $19 fortnightly boost will go into the pockets of struggling households for rental assistance against a backdrop of sky-rocketing housing costs. 

But with less than a third of renters eligible for the payments and no sign of an imminent increase in supply, housing affordability is unlikely to improve for years.

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