The Queensland Government has announced an investment of $8.1 billion across five years to deliver a million new homes over the next two decades as part of its 2025-26 Budget.
The Government said the Budget will also support a new nation-leading home ownership scheme to help reduce the deposit gap for first home buyers, with the $165 million Boost to Buy scheme.
The scheme delivers an equity contribution of up to 30% for new homes and 25 per cent for existing homes, up to $1 million, for households earning up to $225,000.
Boost to Buy is in addition to Home Buyer Grants, which have been boosted to $30,000 until June 2026.
A new $2 billion Residential Activation Fund will unlock critical enabling infrastructure and accelerate new housing developments across the State.
$5.6 billion will be invested into new social and community housing, a $1.967 billion boost to the Budget, accelerating delivery of 53,500 social and community homes by 2044.
Premier David Crisafulli said the measures will be supported by an indexed 20% increase in specialist homelessness services and a boost to critical accommodation, to help provide a safe place to call home for Queenslanders experiencing housing insecurity.
“We are securing the housing foundation for Queensland to have the highest home ownership rates in the nation over the next decade,” Premier Crisafulli said.
“We’re delivering practical support to unlock home ownership for young Queenslanders and in indigenous communities, while building more homes in every corner of our State.
“We will deliver one million homes over the next two decades, with a place to call home for more Queenslanders, and this locks in the plan to make it happen.”
Deputy Premier and Minister for State Development, Infrastructure and Planning, Jarrod Bleijie said the Residential Activation Fund was set to unlock thousands of new homes across Queensland.
“We are unlocking the land for housing and delivering the critical infrastructure needed to get new homes out of the ground sooner,” Deputy Premier Bleijie said.
“We’re delivering funds to support shovel-ready projects, to help get homes built faster.”
Treasurer, David Janetzki said the 2025-26 Budget was about delivering for Queensland with a plan for Queensland’s future.
“This Budget puts home ownership back in reach for Queenslanders,” he said.
“Boost to Buy will help reduce the deposit gap to open the door to home ownership for more Queenslanders.
“This is on top of other measures to improve Queensland’s home ownership rates, including extending the $30,000 first home owner grant and abolishing stamp duty for first home buyers purchasing a new build.”
Minister for Housing and Public Works, Sam O’Connor said the Budget delivers a social and community housing pipeline for the state’s most vulnerable.
“For the first time, construction funding is locked in well beyond the 4 years – through to 2044 – to deliver Queensland’s Housing Investment Pipeline,” said Mr O’Connor.
“That means we can deliver 53,500 social and community homes by 2044, and youth foyers, domestic violence shelters, and social homes in remote and discrete First Nations communities.”
