By Daniel Jeffrey published on 9news.com.com
Australia will build 1.2 million new homes in the space of five years as part of a new plan agreed to at national cabinet aimed at tackling the nation's housing crisis.
Prime Minister Anthony Albanese said increasing supply was the key to addressing the housing and rental crisis, adding that the Commonwealth had committed $3 billion in incentivised payments for states and territories that build more than their allocated share of homes.
"This is an initiative that shows how serious we are as state and territory governments across the political spectrum as well as the Commonwealth, understanding that supply is the key," Albanese said..............
...........However, many of the principles of that plan – such as removing no-grounds evictions, limiting rent increases to once per year, and banning rent bidding – had already been committed to or introduced by state and territory governments.
One original element of the plan involves looking at better regulation of short-stay accommodation, such as Airbnbs.
"One of the things that we looked at was the consideration of what the impact of short-term accommodation is having on rentals," Albanese said.
"I know, in an electorate like mine, it's having a substantial impact. And just having a look at that, considering what the implications are for that, is something that's worthy of doing.
"We know that there is no simple one-day, one-week, one-month solution to dealing with housing issues that are about a long-term supply issue.
"But we know that we're all prepared to look at the full suite of reforms across the housing sector."
National cabinet also agreed to the national planning reform blueprint, which Albanese said would include "planning, zoning, land release and other measures to improve housing supply and affordability".
Read the full article, and watch the video at https://www.9news.com.au/national/national-cabinet-housing-supply-renters-rights-prime-minister-anthony-albanese
Editor's Note:
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