The accord brings together all levels of government, investors, and the residential development, building and construction sector to unlock quality, affordable housing supply over the medium term by addressing Australia’s supply challenges.

Affordable housing is critical for the wellbeing of Australians and the productivity of the Australian economy. However, Australia is facing acute housing pressures and too many Australians do not have access to affordable housing.

The Accord details immediate actions for Commonwealth, State and Territory governments as well as commitments from the Australian Local Government Association (ALGA), institutional investors including superannuation funds, and residential development, building and construction industry representatives. 

The Accord includes:

1. an initial national target of one million new, well located homes over 5 years from 2024, and
2. immediate and longer-term actions for all parties to support the delivery of more affordable homes. 

Key commitments 

• Commonwealth: support an additional 10,000 affordable dwellings over 5 years from 2024 through an availability payment model, to be delivered at an energy efficiency rating of seven stars or greater.
• State and territory: in-kind or financial contributions that enable delivery of a combined total of up to 20,000 additional homes.
• State and territory: Undertake expedited zoning, planning and land release to deliver the joint commitment on social and affordable housing in well located areas, including looking for immediate opportunities to free up well located state land.
• Commonwealth: Extend the Australian Skills Guarantee to include apprentices on Government funded housing projects.
• ALGA: Participate in and support the development of the National Housing and Homelessness Plan, with a view to improving land supply and facilitating the construction of new homes.