July 27th, 2022More housing for those who need it

The state government has hit the halfway milestone in its Big Housing Build, delivering more social and affordable homes to those who need it most right across the state.
More than 6,300 homes have been completed or are underway, with more than $2.8 billion of investment funds already poured into new and secure homes under the program. This is the largest single investment in social and affordable housing by any state or territory government in Australia’s history.
Minister for Housing Danny Pearson has announced that the government is on track to deliver at least 16,000 social and affordable homes for Victorians by 2026.
A range of additional investments have been added to or will complement the Big Housing Build since the landmark $5.3 billion program was launched. These include the innovative Ground Lease Model, which will deliver more than 2500 homes across seven sites, and the Building New Homes to Fight Homelessness program.
Since the Big Housing Build was announced in November 2020, more than 1400 households have either moved or are getting ready to move into brand new homes.
The construction boom has resulted in more than 20,000 jobs across Victoria, creating a much-needed boost to the economy as it recovers from the COVID-19 pandemic.
In regional Victoria at least $1.25 billion is being invested to ensure the benefits of the Big Housing Build are spread right across the state. Large-scale developments are already underway including 150 homes being delivered in Ballarat, 120 dwellings in Bendigo and 54 in East Geelong.