The Malinauskas Labor Government has reached an historic agreement with the Albanese Labor Government worth $801.5 million to build 6,877 homes for South Australian first homebuyers, making South Australia the first state signed on to deliver its share of the 100,000 homes just for first home buyers the Albanese Government committed to deliver at the 2025 Federal Election.

The Housing Roadmap has made South Australia a national leader in housing policy with industry groups like the Housing Industry Association and the Business Council of Australia consistently ranking the South Australian Government as #1 in the country on housing.

There are more homes under construction in South Australia right now than there ever have been before, with 14,916 dwellings under construction at the end of September 2025.

The new funding deal between the Malinauskas Labor Government and the Albanese Labor Government includes $534 million in concessional loans and a $133.6 million grant from the Commonwealth to significantly expand several key housing initiatives already underway by the South Australian Labor Malinauskas Government.

Included in the funding deal:

A $300 million concessional loan to deliver even more water infrastructure in the Northern Suburbs, on top of the $1.5 billion already invested by the Malinauskas Government, that will deliver 4,000 homes
A $50 million 3-year concessional loan to deliver a new first homebuyer-only precinct of 400 homes within Playford Alive
A $184 million concessional loan to deliver over 1,700 homes at multiple urban renewal projects across Adelaide
$133.6 million in grant funding, which South Australia will match, to deliver 750 dwellings for first home buyers through other programs