The Albanese government’s Housing Australia Future Fund (HAFF) was always a policy boondoggle aimed at fattening the wallets of middle-men.
Under the HAFF, which was revised at the start of the year, Labor promised to develop 40,000 social and affordable homes over the next five years, or 8,000 homes per year.
The targeted 8,000 homes a year is a drop in the ocean compared with the 548,000 net overseas migrants that arrived in the year to September 2023, let alone the circa 1,7 million net migrants projected over the five years to 2027-28.
