The federal government has announced new measures to support renters and affordable housing. It will also introduce incentives to encourage investment in the rental market and increase the supply of affordable housing.
Julie Collins, Federal Minister for Housing and Assistant Minister for Homelessness, yesterday announced new developments for renters across Australia. Speaking in Launceston after a National Cabinet meeting in Brisbane, she highlighted the growing number of Australians who rent their homes, with around 35% of the population now renting.
Collins outlined plans to improve renters’ rights and give them a greater say in their tenancies, with a focus on creating consistency across states and territories. The government is also set to introduce incentives to encourage more investors to get involved in the rental market, including changes to withholding tax and an increase in depreciation for new build-to-rent properties.
The Minister also revealed an additional $2 billion in financing for the National Housing Finance Investment Corporation, which is expected to provide up to 7,000 social and affordable homes. This funding is in addition to the Housing Australia Future Fund, which will deliver 30,000 social and affordable rental homes over the next five years.
These initiatives represent the government’s commitment to addressing the growing demand for rental properties across the country, with Collins acknowledging that renters are facing tough times in the current market.
With the government’s $10 billion investment in social and affordable housing, it seems that help may finally be on the way for those struggling to secure a home of their own.
Support independent community journalism. Support The Indian Sun.
Follow The Indian Sun on Twitter | Instagram | Facebook
Support Independent Community Journalism
Dear Reader,The Indian Sun exists for one reason: to tell stories that might otherwise go unheard.
We report on local councils, state politics, small businesses and cultural festivals. We focus on the Indian diaspora and the wider multicultural community with care, balance and accountability. We publish in print and online, send regular newsletters and produce video content. We also run media training programs to help community organisations share their own stories.
We operate independently.
Community journalism does not have the backing of large media corporations. Advertising revenue fluctuates. Platform algorithms change. Costs continue to rise. Yet the need for credible, grounded reporting in a multicultural Australia has never been greater.
When you support The Indian Sun, you support:
• Independent reporting on issues affecting migrant communities
• Coverage of local and state decisions that shape daily life
• A platform for small businesses and community groups
• Media training that builds skills within the community
• Journalism accountable to readers
We cannot cover everything, but we work to cover what matters.
If you value thoughtful reporting that reflects Australia’s diversity, we invite you to contribute. Every donation helps us maintain the quality and consistency of our work.
Please consider making a contribution today.
Thank you for your support.
The Indian Sun Team
