National Cabinet met in Brisbane today to deliver on a range of priorities for Australians, with a focus on more secure and affordable housing.
Delivering more housing supply is a vital part of National Cabinet’s plan to ensure communities thrive as they grow. All governments recognise the best way to ensure more Australians have a safe and affordable place to call home is to boost housing supply.
That’s why National Cabinet has agreed to an ambitious new national target to build 1.2 million new well-located homes over five years, from 1 July 2024. This is an additional 200,000 new homes above the National Housing Accord target agreed by states and territories last year.
The Commonwealth has committed to $3 billion for performance-based funding, the New Home Bonus, for states and territories that achieve more than their share of the one million well-located home target under the National Housing Accord. This will incentivise states and territories to undertake the reforms necessary to boost housing supply and increase housing affordability, making a positive and practical difference for Australians planning to buy a home.
This ambitious target will be supported by the Housing Support Program, a $500 million competitive funding program for local and state governments to kick-start housing supply in well-located areas through targeted activation payments for things like connecting essential services, amenities to support new housing development, or building planning capability.
The updated target will help align supply with expected demand over the next five years, and when linked with Commonwealth infrastructure funding, will produce more neighbourhoods and communities that have the services they need.
National Cabinet also agreed to a National Planning Reform Blueprint (attachment 1) with planning, zoning, land release and other measures to improve housing supply and affordability.
The Blueprint includes: updating state, regional, and local strategic plans to reflect housing supply targets; promoting medium and high-density housing in well-located areas close to existing public transport connections, amenities and employment; and streamlining approval pathways.
First Ministers also agreed on further significant measures to boost housing supply and better coordinate Australia’s migration settings including:
National Cabinet has agreed to A Better Deal for Renters (attachment 2) to harmonise and strengthen renters’ rights across Australia. This includes:
These changes will make a tangible impact for the almost one-third of Australian households who rent.
First Ministers discussed health reform, which remains a top priority for National Cabinet in 2023. They are committed to addressing the pressures facing the health system to deliver a patient-centred and sustainable Australian healthcare system that provides the best outcomes for our community. A dedicated health meeting will be held later in the year.
This media statement has been agreed by First Ministers and serves as a record of meeting outcomes.
The National Planning Reform Blueprint includes:
A Better Deal for Renters