Clare O'Neil 2024

The Albanese Labor Government is tackling Australia’s housing crisis, making it easier to buy, better to rent, and building more homes faster.

This Budget builds on the Government’s ambitious housing agenda, lifting total commitments in housing to $33 billion.

The Albanese Government is progressing two significant policies to support more Australians in severe housing distress, with a strong focus on women and children leaving family and domestic violence and young people at risk of homelessness

Karl Stefanovic:

James Glenday:

Andrew Clennell:

Well, joining me live is the Housing Minister, Clare O’Neil. Clare O’Neil, thanks for your time. You heard the Opposition Leader there say that they’ve driven the policy agenda in recent times. Isn’t that the case with this foreign buyer announcement you’ve made this morning which mirrors their policy?

The Albanese Government will ban foreign investors from buying established homes for at least two years and crack down on foreign land banking.

We’re coming at this housing challenge from every responsible angle.

This is all about easing pressure on our housing market at the same time as we build more homes.

Financial regulators will update their guidance to make it easier for Australians with a HELP debt to responsibly take out a mortgage and buy a home, and also unlock the construction of more units, following a request from the Albanese Government.

We’re tackling this housing challenge from every possible angle.

The Albanese Labor Government has announced that 42 projects across Australia will receive a share of $100 million building hundreds of new crisis and transitional homes for thousands of women and children impacted by family and domestic violence, and older women at risk of homelessness.

Today the Albanese Government has taken steps to establish an initial set of affordability standards for Build to Rent developments to help increase housing options for those that need it the most.

These standards will open the door to more affordable rental housing for more Australians.