What housing promises did the alp make to voters

Now that Anthony Albanese has started his second term as prime minister, there has been renewed focus on the housing policies the Australian Labor Party (ALP) took to the election.

From 2026, the ALP promised to make the Home Guarantee Scheme available to all first home buyers; currently, it is limited to 50,000 places per year and includes income caps. “There will be no caps on how many people can apply and no limit on how much you or your partner can earn. For first home buyers, you’ll be able to buy an eligible property anywhere in Australia, with a deposit as low as 5%,” according to the ALP.

To increase the supply of housing – and thereby put downward pressure on prices – the ALP promised to invest $10 billion to build up to 100,000 homes reserved only for first home buyers. “Funding will support enabling infrastructure, land purchases or construction to get these homes built – near work and family, only for first home buyers,” Labor said.

Labor also promised to invest an additional:

1. $120 million to incentivise states to remove red tape and help more homes be built faster
2. $78 million to fast-track the qualification of 6,000 tradespeople and thereby increase the residential construction workforce
3. $54 million to support the advanced manufacturing of prefabricated and modular homes, which can be built up to 50% faster than traditional homes