Labor spins fake housing affordability solutions
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The Albanese Government introduced legislation to establish its $10 billion housing future fund on Thursday.
It is part of Labor’s timid push for the construction of one million new homes over the five years from mid-2024, which is less than the 1.05 million homes that were built in the five years leading up to the pandemic.
The government will allocate up to $500 million a year from the fund to invest in social and affordable housing.
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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.