Affordable homes should be within reach for all Australians, but all of us are facing soaring prices and rents, and our most vulnerable are experiencing housing insecurity.
We are addressing that through three key areas of action.
The Albanese Government is investing to build 1.2 million affordable new homes.
We are doing this through the $10 billion Housing Australia Future Fund and the National Housing Accord which will deliver thousands of new social and affordable rental homes.
We are also providing $3 billion for the states and territories to boost housing supply and improve housing affordability and the $2 billion Social Housing Accelerator to deliver thousands of new homes across Australia, further increasing supply.
We are putting a roof over more heads with the Home Guarantee Scheme, guaranteeing 35,000 eligible home buyer’s loans to enable more people to buy a home with a smaller deposit.
We are also strengthening renters’ rights by developing a nationally consistent policy to require genuine reasonable grounds for eviction, limiting rental increases to once a year and phasing in minimum rental standards.
In 2023 the Albanese Labor Government increased the maximum rate of Commonwealth Rent Assistance by 15 per cent, the largest increase in more than 30 years.
Importantly the Housing Australia Future fund includes 4,000 homes for women and children impacted by family and domestic violence and older women at risk of homelessness.
The Fund will also deliver the Government’s commitments to help address acute housing needs, including:
- $200 million for the repair, maintenance and improvement of housing in remote Indigenous communities
- $100 million for crisis and transitional housing for women and children impacted by family and domestic violence and older women at risk of homelessness
- And $30 million to build housing for veterans who are experiencing homelessness or at risk of homelessness
We are also investing $1.7 billion to extend the National Housing and Homelessness Agreement with states and territories, including a $67.5 million boost to homelessness funding over the next year.
Whether you are buying, renting or needing a safe place to spend the night, the Albanese Labor Government is committed to ensuring all Australians have a safe and affordable place to call home.