Federal Budget 2024: Cash boost for renters impacting nearly 1 million households | Yahoo Australia

Subscribe and turn on notifications🔔 : buff.ly/3F6ZiLt | Nearly one million Aussie households are set to receive a bit more relief from their rental payments.
The fortnightly Centrelink payment will go up by 10%, costing taxpayers $1.9 billion over the next five years. This is on top of the 15% hike in the payment that was contained in last year’s budget.
In a statement, the government said “[This] will take maximum rates over 40% higher than in May 2022… nearly 1 million households will benefit.”
The Commonwealth Rent Assistance program is accessible to Aussies receiving certain social security payments. To access the payment, there’s a minimum amount you need to pay in rent and that threshold changes depending on your circumstances.
Read more: au.finance.yahoo.com/federal-...
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