The prime minister has touted a "better deal for renters" following a meeting with state and territory leaders in Brisbane this afternoon, with national cabinet setting a target to build 1.2 million new homes over five years from July next year.
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The new target is an additional 200,000 homes above the National Housing Accord target agreed by states and territories last year.
Housing was the number one priority on the agenda for the prime minister and the premiers, amid rising rents and a shortage of housing during a cost-of-living crisis.
Anthony Albanese said the jurisdictions would move towards national consistency on banning no-cause evictions and limiting rent increases to once per year.
Those measures are already in place across much of the country.
In his opening remarks at national cabinet, Mr Albanese said he was looking forward to a "constructive meeting" that would also touch on other issues including inflation and rising energy prices, as well as health, education and skilled employment.
More to come.
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