Page 8 - Byfields Budget 2024

The Budget is setting aside $90.6 million to boost the number of
skilled workers in the construction sector

If you're struggling in the housing crisis...

The 2024 Budget includes a whopping $11 billion to fix the housing crisis.

This is divvied up into $9.3 billion over five years for states and territories
to offer crisis support, to build and repaid more social housing, and to
combat homelessness.

It also includes $1 billion toward crisis and transitional accommodation for
women and children fleeing domestic violence, and $1 billion to build new
houses and infrastructure sooner - including roads, sewers, and community

infrastructure needed to ensure an area is capable of accommodating extra
housing supply.

Dr Chalmers said: “Australia needs to build more homes more quickly and
that's what this substantial investment will help to deliver”.

Mr Albanese said this investment is not targeted toward one suburb, city or
state, but will contribute to a wholesale, whole-of-government approach to
easing the housing crisis ravaging the nation.

If you're trying to find student accommodation...

In addition to the housing measures mentioned above, the government has
committed $2.1 million to work with the education sector to introduce
sweeping new regulations which will require universities to offer more
student accommodation.

This will benefit both domestic and international students, and aims to
further deflate pressure on the housing market.

Education Minister Jason Clare said it was a crucial step to safeguarding
the international education sector which is “incredibly important to our
country”.

“We need to ensure its ongoing sustainability and part of that means we
need more purpose-built student accommodation,”' he said.