Victoria’s $5.3 billion Big Housing Build

The Victorian Budget 2020/21 will include $5.3 billion to construct more than 12,000 new homes throughout metro and regional Victoria over the next four years, with 4,200 of these being owned and managed by community housing organisations and a further 4,000 managed by the community housing sector.

Shelter WA congratulates the housing and homelessness advocates in Victoria for this significant achievement.

Investment Package

The investment package delivers:

  • 9,300 new social housing homes – including replacing 1,100 old public housing units.
  • 2,000 homes targeted to Victorians living with mental illness.
  • 10 per cent of net social housing growth will be housing options targeted to Aboriginal Victorians, of which a significant proportion will be delivered by Aboriginal Community Controlled Organisations.
  • Around 1,000 homes will be for victim survivors of domestic and family violence.
  • 25 per cent of funding will be allocated to regional Victoria.
  • All new homes will meet 7-star energy efficiency standards.
  • A further 2,900 new affordable and low-cost homes will be built to help low-to-moderate income earners live closer to where they work and provide options for private rental.
  • A new Government agency, Homes Victoria, has been established to work across government, industry and the social housing sector to deliver this housing growth.
  • Will support apprenticeships – 10% of hours worked on large sites.

Further information on this initiative can be found here. “This will change lives – giving thousands of Victorians the security and stability of a home,” Premier Daniel Andrews said.

The WA Housing Strategy 2020-2030 has a target of 2,600 social homes over the next ten years.