National housing agreement gains $9.3bn in funding for new home builds

Aussies desperately in need of a home could soon have their prayers answered courtesy of a $9.3bn funding boost.

Aussies needing a home will be buoyed by $9.3bn in extra funding to boost the new national housing agreement starting on July 1.

All states and territories will share in the funding under the five-year agreement.

The federal government’s new agreement is aimed at helping combat homelessness, provide crisis support and build and repair social housing.

More Aussies will soon have access to $9.3bn in funding for new home builds. Picture: NCA NewsWire / Simon Bullard.

“I know first hand the life-changing power that a secure roof over your head provides,” Prime Minister Anthony Albanese said.

“That’s why my government is committed to delivering more homes, more quickly, in more parts of Australia.

“This budget means more tradies, fewer barriers to construction, less talk and more homes.”

Housing and Homelessness Minister Julie Collins said the new agreement also included a doubling of Commonwealth funding for homelessness that each state and territory government must match.

Prime Minister Anthony Albanese and Housing Minister Julie Collins say the funding will be a huge support to millions of Aussies. Picture: NCA NewsWire / Martin Ollman

“This historic new agreement with states and territories will provide much-needed funding to support homelessness services across the country and help build more homes for Australia,” Ms Collins said.

“The agreement is another important demonstration of our government’s collaborative approach to addressing Australia’s housing challenges.

“We understand that working together is the best way to ensure more Australians have a safe and affordable place to call home.

“That’s why collaboration is at the heart of our $32bn Homes for Australia plan and the ambitious national target to build 1.2 million homes by the end of the decade.”

How much each state and territory will be able to access:

• NSW – $2.82 billion
• Victoria – $2.36 billion
• Queensland – $1.86 billion
• Western Australia – $993.2 million
• South Australia – $625.1 million
• Tasmania – $195.3 million
• Northern Territory – $290.2 million
• Australian Capital Territory – $157.4 million

Meanwhile, states and territories will also share in a further $1bn outside of the agreement directed towards crisis and transitional accommodation for women and children fleeing domestic violence and youth.