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Australian PM pledges $10 billion to build 100,000 affordable homes before the election.
Australian Prime Minister Anthony Albanese has announced a $10 billion pledge to build 100,000 affordable homes before the federal election, aiming to tackle housing affordability.
The plan includes $2 billion in grants and $8 billion in zero-interest loans or equity investments, with states and territories required to contribute $2 billion.
The scheme will expand access for first-time buyers to purchase homes with a 5% deposit and increase the maximum house price to $1 million in the Australian Capital Territory.
Construction will begin by 2026-27, with buyers moving in from 2027-28.
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El primer ministro australiano promete $10 mil millones para construir 100.000 casas asequibles antes de las elecciones.