Australia's government is poised to pass key housing legislation after the Greens party shifted its stance in support. Prime Minister Anthony Albanese's Labor government has introduced two bills aimed at addressing the national housing crisis: one to incentivize build-to-rent properties and another for a shared equity scheme to assist lower-income earners in purchasing homes with smaller deposits.
Australia's Labor government has announced a plan to cut A$16 billion ($10.5 billion) in student loans, reducing all student debts by 20% starting June 1 next year. This initiative aims to alleviate the financial burden on over three million Australians, promoting a fairer and more affordable education system.
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