Queensland Housing Boost Unveiled in Budget

JOINT STATEMENT
  • Record $8.1 billion housing Budget delivers Securing Our Housing Foundation Plan and lays the foundation for one million homes by 2044.
  • $2 billion Residential Activation Fund to fast-track critical infrastructure needed for housing.
  • New nation-leading home ownership scheme to reduce the deposit gap for first buyers.
  • Boosted home ownership grants to unlock home ownership for more Queenslanders sooner.
  • $1.967 billion additional investment over four years, with $500 million per year locked in from 2029-30 to deliver Queensland's social and community housing pipeline.

The Crisafulli Government is delivering record investment into home ownership, housing infrastructure and new social and community housing, to provide a place to call home for more Queenslanders in the 2025-26 Budget.

Investment of $8.1 billion across five years will lay the foundation for a fresh start to ease Labor's Housing Crisis, and deliver one million new homes over the next two decades.

The Budget also supports a new nation-leading home ownership scheme to help reduce the deposit gap for first home buyers, with the $165 million Boost to Buy scheme.

The scheme delivers an equity contribution of up to 30 per cent for new homes and 25 per cent for existing homes, up to $1 million, for households earning up to $225,000.

Boost to Buy is in addition to Home Buyer Grants, which have been boosted to $30,000 until June 2026.

A new $2 billion Residential Activation Fund will unlock critical enabling infrastructure and accelerate new housing developments across the State.

It means more Queenslanders will have access to safe, secure homes – whether that's through new social and community housing, support to buy their first home, or getting critical infrastructure in place so neighbourhoods can thrive.

$5.6 billion will be invested into new social and community housing, a $1.967 billion boost to the Budget, accelerating delivery of 53,500 social and community homes by 2044.

These measures are supported by an indexed 20 per cent increase in specialist homelessness services and a boost to critical accommodation, to help provide a safe place to call home for Queenslanders experiencing housing insecurity.

Premier David Crisafulli said the Budget was delivering a place to call home for more Queenslanders sooner.

"We are securing the housing foundation for Queensland to have the highest home ownership rates in the nation over the next decade," Premier Crisafulli said.

"We're delivering practical support to unlock home ownership for young Queenslanders and in indigenous communities, while building more homes in every corner of our State.

"We will deliver one million homes over the next two decades, with a place to call home for more Queenslanders, and this locks in the plan to make it happen."

Deputy Premier and Minister for State Development, Infrastructure and Planning, Jarrod Bleijie, said the Residential Activation Fund was set to unlock thousands of new homes across Queensland.

"We are unlocking the land for housing and delivering the critical infrastructure needed to get new homes out of the ground sooner," Deputy Premier Bleijie said.

"We're delivering funds to support shovel-ready projects, to help get homes built faster."

Treasurer David Janetzki said the 2025-26 Budget was about delivering for Queensland with a plan for Queensland's future.

"This Budget puts home ownership back in reach for Queenslanders," Treasurer Janetzki said.

"Boost to Buy will help reduce the deposit gap to open the door to home ownership for more Queenslanders.

"This is on top of other measures to improve Queensland's home ownership rates, including extending the $30,000 first home owner grant and abolishing stamp duty for first home buyers purchasing a new build."

Minister for Housing and Public Works Sam O'Connor said the Crisafulli Government was securing Queensland's housing future with record investment in housing for vulnerable Queenslanders.

"This Budget delivers a social and community housing pipeline for our most vulnerable Queenslanders," Minister O'Connor said.

"For the first time, construction funding is locked in well beyond the 4 years – through to 2044 – to deliver Queensland's Housing Investment Pipeline.

"That means we can deliver 53,500 social and community homes by 2044, and youth foyers, domestic violence shelters, and social homes in remote and discrete First Nations communities."

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