The Malinauskas Labor Government has reached a historic deal with the Albanese Labor Government worth $801.5 million to build 6,877 homes for South Australian first homebuyers.
This makes South Australia the first state signed on to deliver its share of the 100,000 homes just for first home buyers the Albanese Government committed to deliver at the 2025 Federal Election.
The Premier's Housing Roadmap has made South Australia a national leader in housing policy with industry groups like the Housing Industry Association and the Business Council of Australia consistently ranking the South Australian Government as #1 in the country on housing.
According to the Australian Bureau of Statistics, there are more homes under construction in South Australia right now than there ever have been before, with 14,916 dwellings under construction at the end of September 2025.
The new funding deal includes $534 million in concessional loans and a $133.6 million grant from the Commonwealth to significantly expand several key housing initiatives already underway by the South Australian Government.
These include:
- A $300 million concessional loan to deliver even more water infrastructure in the Northern Suburbs, on top of the $1.5 billion already invested by the Malinauskas Government, that will deliver 4,000 homes
- A $50 million 3-year concessional loan to deliver a new first homebuyer-only precinct of 400 homes within Playford Alive
- A $184 million concessional loan to deliver over 1,700 homes at multiple urban renewal projects across Adelaide
- $133.6 million in grant funding, which South Australia will match, to deliver 750 dwellings for first home buyers through other programs.
Since coming to Government in 2022, the Malinauskas Government has:
- Supported the purchase of more than 1,284 homes by people who otherwise would have been unlikely to afford their own property through the HomeSeeker SA program;
- Abolished stamp duty for first home buyers who build a new home;
- Invested an unprecedented $1.5 billion in critical water infrastructure that underpins housing growth. To date, the investment has seen 34kms of pipes laid, directly unlocking over 9,400 allotments;
- Built thousands of homes across multiple urban renewal precincts like Southwark, Bowden, Playford Alive, Seaton, Prospect Corner and Noarlunga;
- Stopped the Liberal mass sell-off of public homes and recorded the first significant net increase in the state's public housing stock this century;
- Released land across South Australia to unlock over 50,000 homes for the future, including by passing landmark legislation to realign Environment and Food Production area boundaries to allow for more housing growth;
- Committed to go guarantor for even more CBD housing developments through a $500 million pre-sale fund that will come into effect should the Malinauskas Government be re-elected.
As put by Peter Malinauskas
We've thrown everything at building more homes for South Australians.
As a result, industry groups have lauded the South Australian Government as nation's best when it comes to housing policy.
It has put us in a position where South Australia is the first state ready to deliver our share the Albanese Government's bold commitment to build 100,000 homes for first homebuyers.
This is going to significantly accelerate the work we are doing to address the national housing crisis in South Australia.
More pipes in the ground for the homes of the future, more homes across key developments in the suburbs and a first homebuyers-only precinct at Playford Alive.
This is a Labor Government that has delivered on housing and is determined to continue the momentum.
As put by Nick Champion
The pathway to realising the great Australian dream of owning your own home has become easier for South Australian first homebuyers.
Our incredible momentum in tandem with the Albanese Government's investment in South Australia will mean even more homes for South Australian first homebuyers will be delivered.
We are in this position because of hard work undertaken across a busy four years. We know that we will be able to channel our existing efforts to deliver this new supercharged effort to build more homes for South Australians.
