- $2.4 billion deal between the Albanese and Crisafulli Governments to deliver more than 51,000 homes
- The deal includes more than 20,000 homes exclusively for first home buyers
- Funding will provide for enabling infrastructure, such as road and sewerage upgrades
The Commonwealth and Queensland Governments have struck a deal to deliver more than 51,000 homes, including more than 20,000 exclusively for first home buyers.
The deal is another key step towards delivering the Commonwealth Government's election commitment to help build 100,000 homes for first home buyers, in partnership with state governments and industry, as well as the Queensland Government delivering 1 million homes by 2044.
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.
The Queensland Government will provide a matched contribution of $399 million.
This funding will support home-unlocking infrastructure including road and sewerage upgrades, across the Priority Development Areas (PDA) of Mount Peter, Southern Thornlands and Waraba, as well as other potential new growth areas across Queensland.
The first of these new homes for first home buyers are expected to be completed by mid-2028.
This deal is part of the Albanese Government's record $6.3 billion investment in housing enabling infrastructure, which includes the new $2 billion Local Infrastructure Fund announced as part of the Federal Budget.
The Crisafulli Government is investing $2.4 billion in housing enabling infrastructure, including through its landmark Residential Activation Fund.
This commitment builds on the Commonwealth and Queensland Governments' work to build more homes and make them easier for first home buyers to buy, which includes:
- Supporting more than 56,000 Queenslanders into homeownership through the Commonwealth Government's 5% Deposit Scheme and Help to Buy Scheme.
- Delivering 55,000 social and affordable homes for those doing it toughest through initiatives like the Housing Australia Future Fund, including more than 3,690 already underway or delivered across Queensland, with thousands more to come.
- Supporting first home buyers by removing stamp duty on new builds
- Extending the $30,000 first home owner grant to 30 June 2026
- Unlocking underutilised State land under the landmark Land Activation Program.
This deal between the Commonwealth and Queensland Government represents a great step forward for Queenslanders who need a place to call home.
Federal Minister for Housing Clare O'Neil said this means tens of thousands more homes for Queenslanders to buy – with no competition from investors.
"We're investing in the boring but essential infrastructure like roads and sewerage that help us unlock more homes for Queenslanders, because the more homes we build, the more affordable housing becomes," Minister O'Neil said.
"Thanks to this agreement we've reached, there will be thousands more Queenslanders getting the keys to their own home."
Treasurer Jim Chalmers said this means tens of thousands more homes for Queenslanders who need and want them.
"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.
"We're coming at this housing challenge from every responsible angle, and this Budget builds on our ambitious housing agenda."
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, supply, 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.
"More and more people are wanting to become Queenslanders every day, and we're working to ensure they have a place to call home."
Queensland Housing Minister Sam O'Connor said the agreement would help deliver the infrastructure needed to give more Queenslanders a place to call home.
"We've worked hard to secure our fair share through this new partnership because unlocking more housing supply is our number one priority," Minister O'Connor said.
"The Crisafulli Government is making Queensland the building capital of the nation by cutting red tape, unlocking land and investing in the infrastructure needed to get more homes underway sooner.
"We're delivering practical solutions that boost supply to create opportunities for more aspirational Queenslanders to achieve the dream of home ownership."
