The Albanese Labor Government is building more Homes for Australians. We have a target of building 1.2 million homes through our $33 billion Homes for Australia Plan.
In its first term, the Albanese Labor Government:
Started the biggest housing build in Australia’s history. Labor is investing $33 billion in housing – 6 times more than the Liberals budgeted over a whole decade.
Is delivering more social and affordable homes. We're delivering 55,000 social and affordable homes – that's 5 times more than the Liberals did over a whole decade.
Is delivering help to buy a home. 150,000 first home buyers have been helped into their first home with a deposit of 5 per cent of less – and no mortgage insurance. An additional 40,000 workers have been helped into their own home through Help to Buy – with a deposit as low as 2 per cent.
Is delivering a better deal for renters. Labor has helped nearly 1 million households with the cost of rent by increasing rent assistance, up by 45% since we were elected. We’re make renting better through new national standards including by limiting rent increases and banning 'no grounds' evictions.
Is training more tradies. Labor's Free TAFE and $10,000 incentive payments for apprentices in construction are helping us to build more Homes for Australians.
A re-elected Albanese Labor Government will:
Expand the Help to Buy program to help first home buyers by lifting the property price and income caps to make the scheme more accessible.
Provide $120 million from the National Productivity Fund to incentivise states to remove red tape and help more homes be built faster.
Introduce a 2-year ban on foreign investors buying existing homes.
