Commonwealth Rent Assistance

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Will the 2024-25 Budget Solve Australia’s Housing Crisis?

The 2024-25 Australian Budget's housing initiatives, including the $10 billion Housing Australia Future Fund and $1.6 billion First Home Guarantee Scheme, aim to tackle the housing crisis. However, the funding may be insufficient to meet the growing demand and rising costs. With a significant shortfall in affordable housing and increasing rental stress, the budget's measures may not fully address the underlying issues. Effective implementation and additional funding are crucial for meaningful impact.
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