The Albanese Government is delivering $50 million to the Australian Capital Territory to immediately begin boosting social housing stock.
Part of the $2 billion Social Housing Fund Accelerator payment, the funding will be provided to States and Territories within the next two weeks, and will deliver thousands of new social homes across Australia.
Funding has been allocated on a per capita basis with a minimum of $50 million allocated to each State and Territory.
This investment will build more housing, for more Australians, in more parts of our nation.
The Albanese Labor Government knows a secure home will give more Australians the foundation for a better future.
States and territories will have flexibility in how they permanently boost social housing stock, including through new builds, expanding existing programs, renovating or refurbishing existing but currently uninhabitable housing stock.
This will create thousands of homes for Australians on social housing waiting lists and will increase housing supply sooner, with all funding to be committed by States and Territories within two years ending 30 June 2025.
This continues the work of the new National Housing Accord, a shared ambition to build one million new homes over five years from 2024, and builds on the work of National Cabinet on renters’ rights and planning reforms.
The Albanese Government will continue to work with State and Territory Governments to address housing affordability, supply, and homelessness.
The $2 billion in additional funding brings the Albanese Government’s investment in housing and homelessness to more than $9.5 billion in this financial year to 30 June.
Quotes attributable to Prime Minister Anthony Albanese:
“My Government is delivering $50 million to the Australian Capital Territory, within the next two weeks, to immediately boost social housing supply.
“We know Australians want practical solutions, and we’ll work with the Barr Government to get on with the job of delivering more social housing.
“This is real dollars, driving real change and building more homes for Australians.”
Quotes attributable to Minister for Housing and Homelessness Julie Collins:
“At every opportunity, the Albanese Government has added to our already ambitious housing agenda.
“This significant new funding will help build more of the rental homes that we know the ACT needs.”
“We could do even more if the Senate stopped blocking our $10 billion Housing Australia Future Fund – the single biggest investment in social and affordable rental housing by a Federal Government in more than a decade.”
Quotes attributable to Minister for Finance and Senator for the ACT Katy Gallagher:
“Ten years of neglect and inaction from the Coalition government has meant that Australians are facing high rents and the goal of home ownership is moving further out of reach for many.
“Labor knows that rents in the ACT are among the highest in the nation and too many Canberrans don’t have access to safe and affordable housing and we are taking action.
“The Albanese Government is investing $50 million as an immediate priority to help increase social housing supply across the ACT.
“Its also crucial that the Greens stop joining forces with the Noalition to block the construction of even more houses in Canberra and instead support the Housing Australia Future Fund when it’s debated and voted on next week.”
| State | Funding |
|---|---|
| New South Wales | $610 million |
| Victoria | $496 million |
| Queensland | $398 million |
| Western Australia | $209 million |
| South Australia | $135 million |
| Tasmania | $50 million |
| Northern Territory | $50 million |
| Australian Capital Territory | $50 million |
