ANTHONY ALBANESE MP
PRIME MINISTER OF AUSTRALIA

CATHERINE KING MP
MINISTER FOR INFRASTRUCTURE, TRANSPORT, REGIONAL DEVELOPMENT AND LOCAL GOVERNMENT

JULIE COLLINS MP
MINISTER FOR HOUSING
MINISTER FOR HOMELESSNESS
MINISTER FOR SMALL BUSINESS

The Albanese Labor Government’s Homes for Australia plan is delivering an additional $1 billion across the country to get homes built sooner.
 
States and territories will today be paid $1 billion collectively through the Priority Works Stream of the Housing Support Program to turbocharge construction of new homes.  
 
This investment adds to the $500 million already under the Housing Support Program to boost housing supply.
 
The additional $1 billion investment can be used by states and territories to build enabling infrastructure and amenities essential for new homes, such as roads, sewers, energy, water and community infrastructure, and for new social housing.
 
This is one of a range of measures designed to help achieve the ambitious national target of building 1.2 million new, well-located homes over the next 5 years.
 
It also forms part of the $32 billion in new housing initiatives we are delivering through our Homes for Australia plan. 
 
States and territories will be required to provide implementation plans for the Priority Work Stream by September 2024 that will outline the specific projects this funding will deliver.
 
The Government’s Budget last month also included:  

• Training more tradies to build the homes Australia needs with 20,000 fee-free TAFE and pre-apprenticeship places for the construction industry.  
• Working with the higher education sector on new regulation to require universities to increase student accommodation, taking pressure off the rental market.  
• Increasing the Government's line of credit to Housing Australia by $3 billion.
• Providing concessional finance for community housing providers and other charities, to support delivery of 40,000 social and affordable homes under the Housing Australia Future Fund and National Housing Accord. 

The Albanese Labor Government has already delivered $2 billion to states and territories through the Social Housing Accelerator to deliver around 4,000 new social homes. 

As at 28 June 2024.