Menu
Property

Morrison signs off on new affordable rental model

Australia's Treasurer Scott Morrison speaks during a press conference after a meeting of the Council of Federal Financial Relations at Parliament House in Canberra, Friday, Dec. 2, 2016.
Australia's Treasurer Scott Morrison speaks during a press conference after a meeting of the Council of Federal Financial Relations at Parliament House in Canberra, Friday, Dec. 2, 2016. AAP Image - Lukas Coch

THE nation's treasurers have agreed to develop a new way to encourage investment in affordable rental and community housing, but the Commonwealth is still resisting calls to change tax concessions.

Federal Treasurer Scott Morrison signed off on the development of a new financing model at a meeting with his state and territory counterparts in Canberra.

It will be designed to group together financing requests to generate more investment at cheaper interest rates.

"One of the challenges that is faced by those developing affordable housing is access to longer-term, affordable finance," Mr Morrison said.

"The access to capital is a critical issue for that sector and this would involve the states and Commonwealth working together to act as a bond aggregator to put finance into those developments."

Read more at ABC News Online

Topics:  affordable housing community housing rental scott morrison



Ute and truck smash on highway

CRASH RESCUE: At 2am on Sunday the Westpac Life Saver Rescue Helicopter was called out to a crash involving a ute colliding with a truck on the Pacific motorway near Brunswick Heads.

Pacific Highway blocked after ute and truck smash

Ferry return to service delayed

No Caption

Service will not resume as expected

Local Partners

The millionaire real estate mogul who rents

Luis D Ortiz, the real estate genius who made millions in New York, then walked away, is on his way to Australia.

The millionaire real estate mogul who prefers to rent

How Rivers home owners can save $5000 a year

Finance experts say that, based on an average 30-year home loan of $371,100, households could save $5412 a year in repayments with a few simple steps.

We show you how to make money from your home

Coffee king forks out $6.5m for Queensland home

Philip and Gianna Di Bella now have a new New Farm at home. Picture: Annette Dew.

Phillip Di Bella has forked out $6.5 million for a New Farm home

Rare look inside ghostly abandoned casino

Photojournalist Jakub Kyncl managed to get inside Romania’s creepy old Constanta Casino. Picture: Jakub Kyncl

The haunting remains of Romania’s grandest casino