ANTHONY ALBANESE MP
PRIME MINISTER OF AUSTRALIA

PETER MALINAUSKAS MP 
PREMIER OF SOUTH AUSTRALIA

CLARE O'NEIL MP
MINISTER FOR HOUSING
MINISTER FOR HOMELESSNESS
MINISTER FOR CITIES

NICK CHAMPION MP
SOUTH AUSTRALIAN MINISTER FOR HOUSING AND URBAN DEVELOPMENT 

The Albanese and Malinauskas Labor Governments have struck a deal to unlock 17,000 new homes for South Australians, including nearly 7,000 for first home buyers.

Both Labor Governments are determined to build more homes and help first home buyers achieve their dream of owning a home.

The $801.5 million deal announced today is a major milestone in the delivery of the Albanese Government’s 2025 election commitment to help build 100,000 homes for first home buyers, in partnership with state governments and industry.

In addition to 6,877 new homes for first home buyers under the South Australian and Commonwealth Government deal, it will also unlock approximately 10,000 additional homes for other home buyers, adding significant housing supply.

The Albanese Government will provide $667.9 million in support to pave the way for these houses to be built and tackle major housing supply barriers including: 

• A $300 million concessional loan to deliver even more water infrastructure in the Northern Suburbs, that will directly unlock and deliver 4,000 homes.
• A $50 million 3-year concessional loan for civil works to deliver a new first homebuyer-only precinct of 400 homes within the Playford Alive urban renewal development.
• A $184 million concessional loan to deliver over 1,700 homes at multiple urban renewal projects across metropolitan Adelaide.
• $133.6 million in grant funding, which South Australia will match, to deliver 750 dwellings for first home buyers through other programs.

Construction will be fast-tracked so that the first of these homes will commence construction in 2026/27 with first home buyers moving in from 2027/28.

This builds on the Albanese Government’s $45 billion plan to build more homes and make them easier for first home buyers to buy, including: 

• Working with states, territories and industry to remove barriers to building through the National Planning Reform Blueprint, reforms to environmental approvals and a pause and streamlining of the National Construction Code.
• Training more tradies through our investments in Free TAFE and $10,000 apprenticeship incentives.
• Delivering 55,000 social and affordable homes for those doing it toughest through initiatives like the Housing Australia Future Fund.
• Helping more than 220,000 first home buyers to buy their own home under the 5% Deposit Scheme.
• Launching the national Help to Buy shared equity scheme for those most locked out of home ownership

Even in the face of a Liberal and National Party that’s divided and destructive, Labor is delivering. The former Coalition opposed this policy and the tens of thousands of homes that it’s unlocking, alongside help for first home buyers and our other supply measures, including the Housing Australia Future Fund, tax cuts for Build to Rent developments, Help to Buy and the $3 billion New Homes Bonus.

While there’s still more work to do to fix a housing crisis generations in the making, this deal represents a great step forward for South Australians.

As at 31 January 2026