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In last night’s federal budget, Treasurer Jim Chalmers announced a “new housing accord” that would aspire to “build one million new, well located homes over five years from 2024”:
The ambition of this Accord is big and it’s bold – an aspiration to build one million new, well located homes over five years from 2024.
Most of this supply needs to come from the market, not the government. But there’s a role for government, and we intend to play a leading role – by coordinating and kick-starting the investment we know needs to happen.
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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.