Property Council welcomes agreement to pass Housing Australia Future Fund

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Monday 11 September 2023

MEDIA RELEASE

Property Council welcomes agreement to pass Housing Australia Future Fund

The Property Council of Australia has today welcomed the announcement that the Australian Government has reached an agreement to pass the Housing Australia Future Fund (HAFF) through the Parliament this sitting fortnight.

With the HAFF delivering a $10 billion commitment to fund new homes, the agreement announced today will deliver an additional $1 billion in funding through the National Housing Infrastructure Facility.

Property Council of Australia Chief Executive Mike Zorbas welcomed the agreement.

“A wealthy, land rich nation like Australia should not have a housing deficit,” Mr Zorbas said.

“This is welcome news for new social housing and housing supply in general.

“Australia now has a better chance of achieving our ambitious national target of 1.2 million homes by 2029.

“Now we must turn our attention to the unfinished business of improving our state planning systems so they can deal with the welcome influx of skilled migrants and students over the decade ahead,” he said.

ENDS

Media contact: Rhys Prka | 0425 113 273 | [email protected]

Ellie Laing-Southwood | 0416 007 830 | [email protected]