Greens announce plan to build homes for migrants

Wednesday 6 March 2024

The Greens will release their housing policy on Wednesday.

The Greens will propose establishing a new government agency that would build 360,000 affordable homes over five years at a net cost of $12.5 billion.

Some 70% of the dwellings would be rental properties, with rents to be capped at 25% of average household income; one-fifth of the rental properties would be reserved for people on the lowest incomes.

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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.