Real Estate FROM COAST TO COUNTRY
Budget focus on housing walks a fine line in a $1.9 billion package - good news with rents at record highs. IT’S BUDGET night as The Weekly National Cabinet met on Friday, May 1, to discuss housing reforms Real Estate goes to print and “to deliver secure and affordable while it’s not quite as exciting as housing to Australians.” Christmas Eve, there are some There is $1 billion for crisis big offerings to help deal with the housing for women and children housing crisis as the government fleeing family violence, part of promises, “more tradies, fewer a multi-billion dollar package to barriers to construction, less talk states and territories to provide and more homes.” support for homelessness, crisis The $6.2bn housing package support and to build and repair budget includes fee-free tradie social housing. training and moves obliging The Prime Minister said that First universities — who are forever Ministers (premiers and territory demanding more high-feechiefs) had strengthened their paying international students be commitment to “critical housing allowed in — to build student reform measures”, by agreeing to accommodation to help ease sign the new $9.3 billion five-year rental pressures. National Agreement on Social There are also billions for housing infrastructure (such as the Housing and Homelessness, which public transport completely lacking will start on July 1. “The agreement reflects a in some new suburbs), incentives shared commitment to improving to build new homes and $1.9 billion in government-backed loans social housing and addressing for social and affordable housing. homelessness for Australians,” Mr Albanese said. Low income renters get an extra 10 per cent in rent assistance, “In addition, the Commonwealth added to 15 per cent last year, will provide a further $1 billion
Open Homes
in upfront funding to states and territories for enabling infrastructure in order to expedite housing development, and new social housing supply.” The government will target $1 billion in funding under the National Housing Infrastructure Facility towards crisis and transitional accommodation for women and children fleeing family and domestic violence and for young people. “Australians expect all levels of government to take action to address housing supply and affordability challenges,” Mr Albanese said. “The Commonwealth, states and territories are working together to build more homes that are safe and affordable for Australians.” The federal government announced more measures on Saturday, May 11, which they say will deliver more than $25 billion in new housing over the next decade. “We need more tradies and construction workers,” the
government said in a joint press release. “We need to build more homes, more quickly, in more parts of the country. “That’s why earlier this week the government announced $90.6 million to boost the number of construction workers, including 20,000 new fee-free places. “We also need to reduce pressure on the private rental market. “That’s why the government is announcing today that we will work with the higher education sector on new regulation to require universities to increase their supply of student accommodation for domestic and international students. “We are encouraging states and territories to kick‑start building by providing an extra $1 billion to help fund the roads and services new homes need, and for new social housing. “This budget means more tradies, fewer barriers to construction, less talk and more homes.
• 21 Cashel Crescent, Banora Point, 10-10:30am • 5 Shore Place, Kingscliff, 11-11:30am • 12 Hillcrest Avenue, Tweed Heads South,
JET
• 2 John Robb Way, Cudgen, 12-12:30pm • 17 Shamara Road, Terranora, 1-1:30pm • 30 Lakeview Terrace, Bilambil Heights,
DJ Stringer Property Services
12-12:30pm
Saturday, May 18 Ash Witty
• 43 Rutledge Street, Coolangatta, 11-11.30am • 9/27-29 Dutton Street, Coolangatta,
12-12.30pm • 4 Elizabeth Street, Tugun, 1.30-2pm
2-2:30pm • 12 Blue Jay Circuit, Kingscliff, 2-2:30pm • 16 Surfside Crescent, Pottsville, 3-3:30pm
Harcourts
• I43 Rutledge Street, Coolangatta, 11-11.30am • 9/27-29 Dutton Street, Coolangatta,
Tate Brownlee
• 49 Glen Ayr Drive, Banora Point, 9-9:30am • 52 Wyangan Valley Way, Mudgeeraba,
9-9:30am (QLD) time
• 1 & 2 / 33 Monterey Avenue, Banora Point,
9-9:30am
12-12.30pm
• 4 Elizabeth Street, Tugun, 1.30-2pm
Evergreen Exclusive Estates
• I7/41 Tweed Coast Rd, Bogangar 10-10:30am • 15 Yalla Kool Dr, Ocean Shores 11:30-12pm • 4/3 Island Drive, Tweed Heads 9-9:30am • 20 Eliza Fraser Court, Terranora 10-10:30am • 30 Pacific Drive, Banora Point 10-10:30am • 110 Caloola Dr, Tweed Heads 11-11:30am • 11 Monomeeth Avenue, Bilambil Heights
11-11:30am
• 11/3-5 Barrett St, Tweeds Heads West
12-12:30pm
• 8/54 Dutton St, Coolangatta 12-12:30pm • 20 Simpsons Drive, Bilambil Heights
12-12:30pm • 17a Prince Street, Murwillumbah10-10.45am • 6 Palm Road, North Tumbulgum 11.30-12.30pm • 6 Admiralty Place, Banora Point 1-1:30pm
Our Community Comes First We all live and work here in the beautiful Northern Rivers and we’re serious about doing right by our community. We value the relationships we form with our clients and potential buyers and personally communicate all the way through the sales process. After all, we’re going to be neighbours.
02 6672 2499 jetrealestate.com.au SELLING . BUYING . PROPERTY MANAGEMENT
.
.
“This isn’t about one suburb or one city or one state. It’s a challenge facing Australians everywhere and it needs action from every level of government.” There is a $2 billion Social Housing Accelerator to deliver around 4,000 new social homes across Australia, $3 billion New Homes Bonus to incentivise states and territories to build more homes, $5.5 billion Help to Buy scheme to help more Australians buy their own homes and $2 billion in financing for more social and affordable rental homes. The budget sounds like good news for home buyers and renters and a back-to-back budget surplus should also boost confidence. As financial analysts are pointing out though, the treasurer is walking a fine line between reducing spending to bring inflation and interest rates down, and cutting spending too much, which can cause a recession. Inflation is proving sticky as they say, and now the Reserve Bank is assuming there won’t be rate cuts
THINKING OF SELLING? CALL THE TEAM TODAY Jason Dittmar 0477 711 858 Elizabeth Hickey 0474 908 555 Tania Sheppard 0438 446 578
90228
By Jo Kennett