Key Points
- An additional 200,000 homes have been promised to expand Australia’s housing supply.
- National cabinet also agreed to a measure to limit rent increases to once a year.
- There was also discussion on developing a national policy on evictions.
Australia’s housing target will be increased as part of a plan agreed to by state and territory leaders at national cabinet.
Prime Minister Anthony Albanese announced 1.2 million new homes would be built in the next five years, starting from July 2024.
The new target is an extra 200,000 homes on top of what was previously pledged as part of the…
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