The Hon Clare O’Neil MP
Minister for Housing
Minister for Homelessness

The Albanese Government is investing $26 million for enabling civil works including roads, sewerage, water and power to deliver hundreds of new homes in South West Sydney as part of the government’s $32 billion plan to overcome a housing crisis a generation in the making.

This investment, through Housing Australia, marks the commencement of the next stage of works at the Bonnyrigg Renewal Project which will provide 65 new social homes and 210 private residential lots.

The Bonnyrigg Renewal Project is a 30-year urban renewal initiative in which a former housing estate comprising 833 social housing properties and a small number of private dwellings is being redeveloped to deliver about 3,000 homes including 900 social homes.

Australia needs to build more homes, more quickly, because that’s how housing will become more affordable, and projects like this underlines Labor’s commitment to getting on with the job. 

It’s why we’re already delivering $1.5 billion to states and territories over two years for enabling infrastructure and planning to unlock new homes.

Our Government has an ambitious housing agenda – with $32 billion of commitments – to help Australians to build, rent and buy, and reach our target of 1.2 million homes.

Build

Our plan for 1.2 million homes means we are:

• Training more tradies, funding more apprenticeships, growing the workforce.
• Kickstarting construction by cutting red tape, including a $1.5 billion investment in enabling infrastructure and planning reform.
• Providing incentives to state governments to get homes built quickly.
• Delivering the biggest investment in social housing in more than a decade to help reduce homelessness and to take the pressure out of the rental market.

Rent

We know Australians are doing it tough right now – especially renters. That’s why our plan for renters means we are:

• Strengthening renters' rights across Australia – this means minimum rental standards, limiting rent increases to once a year & requiring genuine, reasonable grounds for eviction.
• Delivering a more than 40% increase to Rent Assistance – the largest increase in more than 30 years.

Buy

We know that the best support for renters is home ownership. That’s why Labor believes that ordinary Australians should be able to own their own home. Our plan for home ownership means we are:

• Providing a third of first home buyers with a pathway to home ownership through Labor’s expanded Home Guarantee Scheme.
• Legislating our Help to Buy Scheme – which will help 40,000 Australians and their families get into home ownership.

As at 23 October 2024.