Opposition leader Peter Dutton says he intends to restore the Australian dream of home ownership, promising $5 billion to fast-track building projects if the Coalition wins the next election. Dutton unveiled the Coalition's Housing Infrastructure Program on Saturday, designed to expedite the construction of up to half a million homes through a mixture of grants and concessional loans. If elected, the coalition would temporarily fund water, power and sewerage to move the projects along as part of the commitment.
"We're here today to say that we're introducing 500,000 additional blocks of land into the market, "Dutton told reporters in Perth, saying that it was a "game-changer for young Australians who can't see the opportunity yet to own a home". 'Nothing short of alarming': The full-time workers being priced out of the rental market The Opposition leader said the funding would come from addressing the "waste that the government's presiding over at the moment". "We've supported the government in sensible savings measures and we'll provide all of our costings details as would normally be the case closer to the election," he said.
"If you listen to every credible commentator in the building space, they all talk about increasing supply, and that's exactly what this program is targeted at. "The government has had two years to do this, and they haven't done it, and the problem is just compounded for younger Australians, where they've lost hope under this government of home ownershi.