Building more homes
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 homes over 5 years from 1 July 2024. And we're providing billions of dollars to help get there.
Through National Cabinet, states and territories committed to change planning laws to build more homes closer to where people want to live and work. It'll mean people can be closer to public transport and reliable services and connected to their friends and family.
The Government is making available a further $1 billion to states and territories to deliver new housing – including for connecting essential services such as water, power, sewerage and roads. This investment expands on the $500 million already committed through the Housing Support Program.
We've announced incentives to increase build-to-rent accommodation, and as part of the National Housing Accord, we'll also build an additional 10,000 affordable rental homes.
On top of this, our $10 billion Housing Australia Future Fund will build 30,000 affordable and social homes.
Back to topA better deal for renters
Where you rent is your home, and it should feel like it. We're delivering a better deal for renters and greater security in your lease.
Find out more about how to apply for Commonwealth Rent Assistance.
We're working with state and territory governments to deliver a better deal for renters. National Cabinet has agreed to better protect renters against evictions, limit rent increases to once a year, limit break lease fees and more.
Back to topSocial housing and homelessness
The Budget includes funding for a new 5‑year, $9.3 billion National Agreement on Social Housing and Homelessness with states and territories.
Under the agreement, the Commonwealth will double its dedicated funding for homelessness services to $400 million a year. The Government is targeting the $1 billion increase to the National Housing Infrastructure Facility to support housing for women and children experiencing domestic violence and for youth.
We're building more affordable and social rental homes, with an additional $1.9 billion in financing for community housing providers and charities in the Budget, on top of the Social Housing Accelerator. And we've already made up to $575 million available for social and affordable rental homes by widening the remit of the National Housing Infrastructure Facility.
Back to topHelp to buy
Our Help to Buy scheme will provide a contribution of up to 40% for 40,000 low and middle income families to purchase a home of their own. Read more about the Help to Buy Scheme.
We've also expanded Home Guarantee Scheme eligibility with 50,000 new places available, helping more Australians into their own home. Find out if you're eligible and how to apply through the Eligibility tool.
And we established the Regional First Home Buyer Guarantee 3 months early, helping regional Australians purchase a home with as little as a 5% deposit and avoid paying Lenders' Mortgage Insurance. Find out more about the Regional First Home Buyer Guarantee and how you can access it.
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