Housing policy framework

Current policy landscape

National Agreement on Social Housing and Homelessness (NASHH)

The National Agreement on Social Housing and Homelessness replaced the National Housing and Homelessness Agreement (NHHA) on 1 July 2024. It is a 5 year agreement between the Australian and state and territory governments under the Federal Financial Relations Act 2009. The Agreement supports the operation of Australia’s social housing and homelessness services sectors and is underpinned by a new outcomes framework along with a commitment to improve data and reporting.

National Housing Supply and Affordability Council

The Council provides independent, evidence-based expert advice to Government on housing supply and affordability matters (NHSAC 2024). The Council builds the evidence base for national housing policy through its research, housing supply and demand forecasts, and by working to improve data availability and quality. The Council also engages with, and learns from, the diverse perspectives of stakeholders who are equally committed to achieving real reform in the housing system. The Council reports annually to the Minister for Housing on its research and the state of the housing system.

National Housing Accord

The National Housing Accord (2022) 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. The Accord recognises the need for more housing to be provided by the market, with government playing a pivotal role in the investment of building affordable housing that is close to services and other amenities.

Australian Government funding of $350 million will help support the delivery of 10,000 affordable homes over five years from 2024. Additionally, state and territory governments have committed to deliver up to 10,000 new affordable homes nationally, supporting a total of up to 20,000 new affordable homes under the Accord (Treasury 2024).

There are a range of programs designed to help reach the Accord’s targets:

  • Housing Support Program
    • $500 million initiative to help kick start housing supply, including connecting essential services and amenities to support new housing development or building planning capability.
    • In the 2024–25 Budget, an expansion of this program was announced, with a further $1 billion being made available to states and territories to deliver new housing- including for connecting essential services. This brings the total funding for the Housing Support Program to $1.5 billion.
  • National Planning Reform Blueprint

    Outlines planning, zoning, land release and other measures to improve housing supply and affordability.

  • New Home Bonus

    $3 billion to help incentivise states and territories to build more than their share of the targets listed under the Accord.

  • Social Housing Accelerator Payment

    A $2 billion payment to states and territories to permanently increase the social housing stock across Australia.

Housing Australia

Housing Australia (formerly the National Housing Finance and Investment Corporation) has primary responsibility for delivering key programs which form the Government’s housing agenda including increasing the supply of social and affordable housing and helping Australians realise homeownership sooner.

Housing Australia is responsible for delivering Australian Government commitments to fund 30,000 new social and affordable dwellings through the Housing Australia Future Fund (Department of Finance 2024), and an additional 10,000 affordable homes through the National Housing Accord (Treasury 2023).

Housing Australia Future Fund

The Housing Australia Future Fund (HAFF), a $10 Billion investment fund, was established in November 2023.

The Australian Government established the HAFF to provide a sustainable funding source to increase the supply of social and affordable housing.

The income generated by the HAFF will provide a minimum annual disbursement of $500 million per year, indexed from 2029–30, to support delivery of 20,000 new social and 10,000 new affordable homes over five years and to fund a range of acute housing needs. The disbursements will contribute $324 million to a broader $330 million package over five years to support a range of acute housing needs, including for: veterans, housing in remote First Nations communities, and accommodation for women and children impacted by family and domestic violence.

Affordable Housing Bond Aggregator

The Affordable Housing Bond Aggregator (AHBA) provides low-cost and longer-term loans to registered community housing providers, supporting more social and affordable housing. In the 2024-25 Budget, the Government is increasing the line of credit to Housing Australia by $3 billion, and increasing Housing Australia’s liability cap by $2.5 billion to $10 billion support ongoing delivery of the AHBA program.

In the 2025–26 Budget, the Government increased the cap on the Government’s guarantee of Housing Australia’s liabilities by $16 billion to a total of $26 billion – enabling Housing Australia to support the delivery of more social and affordable housing under the AHBA and the first two rounds of the HAFF and National Housing Accord.

National Housing Infrastructure Facility

The National Housing Infrastructure Facility (NHIF) was originally established as a $1 billion facility that provides finance in the form of grants and concessional loans for eligible critical infrastructure projects that will unlock new housing supply, particularly social and affordable housing.

In 2022, the Government expanded the remit of the NHIF to allow for more flexible use of the available funds to also help directly unlock new social and affordable dwellings and attract more institutional capital to the sector.

In 2024, the NHIF received an additional $1 billion in federal funding ($700 million for grants and $300 million for concessional loans) to support crisis and transitional accommodation for women and children experiencing domestic violence, and for youth experiencing, or at particular risk of, homelessness. For the first 12 months, the full amount will be notionally allocated for projects in each state and territory. After this period, any remaining uncommitted funds will be pooled, supporting competitive applications regardless of location.

Capacity building for the social and affordable housing sector

The Government is providing $2.1 million from 2024–25 to build the capacity of community housing providers and Aboriginal and Torres Strait Islander community-controlled housing organisations, assisting these organisations to engage with the Government's housing financing programs and improve their delivery of housing.

Government housing assistance expenditure

In 2023–24, Australian Government funding for the NHHA and related agreements was $1.9 billion (of which $1.7 billion was for the NHHA). An additional $5.5 billion was spent on Commonwealth Rent Assistance (CRA), an increase from 2022–23 ($5.0 billion). In 2023–24, state and territory net recurrent expenditure on social housing was $5.4 billion, an increase of $0.4 billion from the previous financial year. State and territory government social housing capital (non-recurrent) expenditure was $4.0 billion in 2023–24 (Productivity Commission 2025).