The object of this Act is to establish Housing Australia to improve housing outcomes for Australians by:
(a) strengthening efforts to increase the supply of housing; and
(b) encouraging investment in housing (particularly in the social or affordable housing sector); and
(c) providing finance or grants that complement, leverage or support Commonwealth, State or Territory activities relating to housing; and
(d) contributing to the development of the scale, efficiency and effectiveness of the community housing sector in Australia; and
(e) assisting earlier access to the housing market by first home buyers; and
(f) assisting earlier access to the housing market by:
(i) single parents with dependants; and
(ii) legal guardians of children where the legal guardian is single; and
(g) assisting earlier access to the housing market by individuals who have not held an ownership interest in real property in Australia in the last 10 years.