Julie Collins (Franklin, Australian Labor Party, Minister for Small Business) Share this | Hansard source

I do appreciate the question from the member for Brisbane. I would say to the member that all of the experts say, when it comes to housing, the real issue we have is about supply. Every time I ask the experts, they say, 'The answer is supply, supply, supply.' That's what we're getting on with doing. We have invested over $25 billion over the next decade of new money into housing and homelessness support because we understand that the answer is about supply. Indeed, the Housing Australia Future Fund is now up and established despite delays from those opposite taking their time to support the Housing Australia Future Fund. It will supply around 30,000 new social and affordable homes in the first five years of the fund and comes on top of the National Housing Accord, which is a further 10,000 affordable homes from the federal government, to be matched by the states with another 10,000. That's on top of the $2 billion in the Social Housing Accelerator, which will provide 4,000 new social homes right across the country. Indeed, our investments are around 50,000 additional homes that will be funded from the federal government as well as of our ambitious commitment to 1.2 million homes for which we are providing $3.5 billion for the states and territories to incentivise them to make the changes they need when it comes to planning and zoning reform to get more homes on the ground more quickly. We know that we have an issue with housing supply. The answer here is about adding to supply, and that is what we are getting on and doing.

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