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State Government to spend $5.3 billion on more than 12,000 public housing homes - HomeGround Real Estate

Posted by | November 25, 2020 | Latest News | No Comments

Public housing numbers are set to increase

Victorian Premier Daniel Andrews recently announced the largest investment in public housing by any state or territory across the country. The $5.3 billion announcement came ahead of the recent budget and includes 1,000 new units for Indigenous Australians, 1,000 for victims of domestic violence, and 2,000 for people with a mental illness.

The package will provide 12,000 total homes and over 43,000 jobs over the next four years in an effort to rebuild the Victorian economy following the nation’s longest coronavirus lockdown.

The announcement is welcome news given that Victoria has the lowest proportion of public housing per capita compared to other Australian states.

Read more about the announcement here.

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