With the Australian government having unveiled its 2024 budget, Australians are asking whether they will be better placed to rent or buy a home.

One thing that’s certain is that the government is focused on the housing sector, with a substantial $11.3 billion package aimed at addressing the overall housing crisis.

The great news is that hope will be restored for first homebuyers trying to budget for their first purchase with greater certainty.

Here’s how the latest budget could affect you