Budget cuts ‘endanger’ Hunter housing supply

Font size :
The $21m cut in federal housing budget is only set to worsen the crisis enveloping Australia’s Hunter region, says a Newcastle-based housing provider.
 
Compass Housing Services argues the decrease will directly affect advocacy groups that advise and critique the government's policies, therefore “effectively silencing the voice of the Hunter region's most vulnerable people.”
 
"The biggest problem with that particular round of cuts, that comes on the back of the recent cut to the National Housing Supply Council, is the peak bodies that represent homelessness and community housing are just threatened to not function without that funding," managing director Greg Budworth said. "They're a particularly important part of the infrastructure of alerting the government to the ongoing need for housing, and also reviewing the policies and programs that the government initiates."
 
Budworth is urging newly appointed Social Services Minister Scott Morrison to discuss with affordable housing providers potential homelessness solutions.
 
"With Minister Scott Morrison taking over a new portfolio I think we'd rather see a much deeper dialogue," he added.
 
Compass Housing Services is the country’s largest community housing provider. 

It can be confusing to know whether to get a variable rate or fixed rate mortgage, and what features are important. That's why it's important to not only check the right rates, but make sure that you're getting the right features in your home loan. Get help choosing the right home loan

Mortgage News and Articles

How to tell when a housing market is cooling How to tell when a housing market is cooling

You need to check clearance rates, listings, and the price gap, among other factors Read more

Growing demand for green apartments in Sydney Growing demand for green apartments in Sydney Both owner-occupiers and investors favour eco-friendly buildings for their energy-saving features and reduced environmental footprint ... Read more

Are property investors as rich as they appear? Are property investors as rich as they appear? A multi-property portfolio doesn’t guarantee easy millions ... Read more

Be proactive about getting a better mortgage deal Be proactive about getting a better mortgage deal Apathy could be costing you a considerable amount of money over the lifespan of your loan ... Read more

More mortgage news and articles

Sponsored Links

Friday, Sep 22, 2017
Top Featured Rates
Top Bank Rates

Get help choosing the right home loan

Let us help you find the right home loan for your needs.

Tell us a bit about your circumstances:
  • Purpose of mortgage
  • Household Income
    $
  • How much do you want to borrow?
    $
  • How much deposit do you have?
    $
  • How much is your house worth?
    $
  • How much do you still owe on your mortgage?
    $
  • What type of mortgage do you have?


  • How much is your new home?
    $
  • How much do you want to borrow?
    $
  • How soon do you want a mortgage?
Next
  • First name
  • Last name
  • Where do you live?
  • Phone number

Special Offers

Related Keywords