About 17,000 new homes will be delivered under an $800 million partnership between the South Australian and federal governments, Prime Minister Anthony Albanese announced on Friday alongside Premier Peter Malinauskas. Nearly 7,000 of those homes will be reserved for first‑home buyers as both governments attempt to tackle a worsening affordability crisis.
Malinauskas said the priority was speed, stressing that the state must rapidly increase supply to keep pace with demand. He warned that South Australia cannot afford slow delivery at a time when Adelaide’s median house price is nearing $1 million and another interest rate rise is expected next week.
The urgency comes amid growing criticism of recent land releases in Adelaide’s north, where some estates have been sold before water and sewerage infrastructure was installed. Other developments have been announced despite water connections being years away.
Albanese said the new agreement forms part of federal Labor’s national pledge to build 100,000 homes for first‑home buyers by 2025. He described the South Australian deal as a template for similar arrangements across the country, saying it reflects the model outlined during the last election campaign.
The prime minister and premier also highlighted the broader economic benefits of the partnership, which aims to accelerate construction and ease pressure on the housing market ahead of South Australia’s March state election where affordability is expected to dominate debate.
The announcement reinforces Canberra’s push to work with states on long‑term housing solutions, while addressing immediate shortages that have left many Australians priced out of the market.
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