Housing affordability remains a major challenge across Australia, prompting governments to focus on increasing housing supply. Under a new agreement between the Federal and Queensland governments, more than 51,000 new homes will be delivered, including 20,000 reserved for first home buyers. The initiative combines infrastructure funding and housing policy reforms aimed at helping more Queenslanders enter the property market.
Queensland is set to see more than 51,000 homes delivered under a deal struck between the Federal and Queensland government, with 20,000 set aside for first home buyers.Â
The announcement comes on the heels of the federal budget, where the government pledged changes to housing tax rules in an attempt to help those who are struggling to break into the housing market. Â
In this latest announcement, the Australian Government will provide $2 billion in support, comprising $399 million in grants and $1.6 billion in zero-interest concessional loans, for enabling infrastructure, with the Queensland Government matching the $399 million.
The first of these new homes for first home buyers are expected to be completed by mid-2028.
Federal Treasurer Jim Chalmers said tens of thousands more homes would be available for Queenslanders.
“We know it’s too hard for too many Australians to buy their own home and get ahead and that’s why we’re investing in building more homes, making our tax system fairer and putting first home buyers ahead of foreign investors,” the Treasurer said.
“Our budget is about building more homes, helping more Australians realise the dream of homeownership and giving younger Australians a leg up in the housing market.”
Queensland Deputy Premier Jarrod Bleijie said the Crisafulli Government was unlocking housing supply across Queensland.
“More homes across Queensland are needed and fast, and a key way the Crisafulli Government can play its part is to unlock land and deliver supply,” the Deputy Premier said.
“Availability equals affordability and by providing funding to get the vital infrastructure like roads, water, sewerage and power in place, the builders can get building.”
