The Australian federal and Queensland governments have locked in a AU$2.4 billion agreement to build more than 51,000 homes across Queensland, including more than 20,000 exclusively for first home buyers.
The deal is a key component of federal government’s commitment to construct 100,000 first-time buyer homes in partnership with the states, while aligning with the Queensland government’s target to deliver one million homes by 2044.
Under the arrangement, the Australian government will provide AU$2 billion in support, consisting of AU$399 million in grants and AU$1.6 billion in zero-interest concessional loans. The Queensland government will match the AU$399 million grant component.
The combined funds will target home-unlocking enabling infrastructure like road, water, power, and sewerage upgrades. This will accelerate development across major Priority Development Areas (PDAs), including Mount Peter, Southern Thornlands, and Waraba, with the first wave of first-home-buyer properties expected to be completed by mid-2028.
Federal Housing Minister Clare O’Neil emphasised that the deal would allow tens of thousands of Queenslanders to buy into the market without competing against 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,” O’Neil said.
“Thanks to this agreement we’ve reached, there will be thousands more Queenslanders getting the keys to their own home.”
Queensland Deputy Premier Jarrod Bleijie echoed the sentiment, stating that boosting supply was the ultimate key to affordability.
“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.”
The deal complements existing state and federal housing initiatives, which include removing stamp duty on new builds for first home buyers, extending Queensland’s AU$30,000 first home owner grant until June 30, and utilising vacant state land under the Land Activation Program.
