425,600 new homes for regional Victoria

We’re providing a new $1 billion Regional Housing Fund to deliver more than 1300 new homes across regional Victoria. The new homes will include a mix of social and affordable housing – and we’ll work with councils, regional partnerships and local communities to determine the right mix of stock and locations for each region.

We’re investing $150 million in a Regional Worker Accommodation Fund to provide new housing options for regional communities where key workers are struggling to find affordable places to live. The package will make regional workers’ jobs more secure and make it easier for businesses to find and keep staff. We’ll consult regional employers, workers, housing providers and councils on the program design to ensure it meets the needs of the local communities.

Our $5.3 billion Big Housing Build is Australia’s biggest ever investment in public and community housing. It’s delivering more than 12,000 social and affordable homes across Victoria – including more than 9,300 social homes. As part of the Big Housing Build, 25% of these homes will be delivered in regional Victoria – a $1.25 billion investment in regional housing.

By expanding Victoria’s Development Facilitation Program, we’ll boost critical housing supply in regional Victoria. We’ll streamline the planning process for significant regional housing developments which are worth at least $15 million and deliver at least 10% affordable housing, including build-to-rent projects.

The revenue raised following the introduction of a Short Stay Levy will go to Homes Victoria, supporting their work building and maintaining social and affordable housing across the state. To make sure our regions get their fair share, 25% of funds from the Short Stay Levy will be invested in regional Victoria.