Although the new agreement has positive directions, the need for funding remains a problem. Although funding is not increased, the Commonwealth hopes that states and territories will increase their resources. Read also: Homeless people will continue to rise until governments change course within the Housing Authority. At a time of growing population and persistent housing shortages, the Commonwealth`s recent budget promise to maintain its current AUD 1.3 billion contribution to the housing agreement means that there has been no increase in real funding. It is not enough to cover, let alone increase, the costs of current services. First, the political breadth. Unlike its predecessors, the new agreement aims to improve access to housing “on the whole range of housing.” This applies to the entire range of residential real estate, from the construction of homes in crisis to the home. Within this spectrum, the Commonwealth has set several immediate priorities: the second and arguably the largest set of amendments concerns accountability. These include an expanded list of performance criteria, the Commonwealth, which adopts a standardized approach to data measurements, and a formal independent review of the agreement by the Productivity Commission, which will be implemented within four years.
Read more: Australia must reinvigorate affordable housing and not remove it under the terms of the current NPAH 2015/17 agreement, the Commonwealth government will release $230 million over two years, supplemented by states and territories. However, states and territories have contributed more than the federal government, representing nearly $250 million per year to fund about 800 homeless services across Australia. This expanded coverage is generally welcome, but it does not meet the demands of a national housing strategy. This means that many national policies that have a significant impact on housing demand and costs – such as housing investment taxes, immigration levels and income assistance for tenants – remain out of the influence of the agreement. Such a policy also has a strong influence on the prospects for reducing housing stress. It replaces the 10-year national agreement on affordable housing and a number of partnerships since 2008 to combat homelessness – the national partnership agreement to combat homelessness. The most recent agreement presents more achievable performance indicators than their predecessors. It also requires states to report on their annual financial contributions, a worthy step forward for transparency.