2023-24 Federal Budget: What’s new for housing supply, affordability, and investment
The 2023/24 Federal Budget announced by Jim Chalmers on May 9 cast a broad net of stimulus for housing supply, affordability, and investment, but experts expected more.
The 2023/24 Federal Budget targeted property investment, new home builds and housing affordability. (Image source: Shutterstock.com)
Federal treasurer Jim Chalmers spoke of Australia’s housing crisis during his second Budget speech to parliament on May 9, offering a platter of solutions to ease pressure on renters, first home buyers and investors, to pave the way for new home builds while not adding to inflationary pressure.
API Magazine asked industry experts for their views on the Budget measures impact on the property sector.
What the Budget delivered
The Budget outlined…
