The Government has launched its National Rental Affordability Scheme, aiming to increase the supply of affordable rental houses.
Property developers will receive about $623 million over four years.
But struggling families suffering from rental stress are still concerned, because it could be a year before they see the benefits.
Meanwhile, CBA’s boss Ralph Norris has failed to promise interest rate relief.
He also says cash rates are unlikely to fall until late in the year ‘at the earliest’.
