Coalition unveils $5 billion plan to build 500,000 homes with infrastructure funding
Summary: The Coalition has announced a $5 billion plan to build 500,000 new homes by funding infrastructure like roads and utilities. This estimate is based on advice from a building industry group, which suggests a cost of $10,000 per home for infrastructure.
Local councils have expressed concerns about the infrastructure gap affecting housing development. Some mayors emphasized the need for federal investment in major roads and public transport to support new housing areas.
The current government claims its existing funding for infrastructure already supports similar projects. It has allocated $500 million for enabling infrastructure and aims to build 1.2 million homes in five years, a target the Coalition disputes.
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