The proposal would provide $5 billion of capped funding for a time-limited Housing Infrastructure Programme (HIP) to deliver housing-enabling infrastructure, like water, power, sewerage and roads.

The $5 billion capped funding would be delivered through a mixture of grants and concessional loans.

The funding would be offered on a ‘use it or lose it’ basis – if there is no progress on successful projects within 12 months of contracting, then the funding would be terminated.

A target of 30% of the $5 billion in funding will be for enabling infrastructure to unlock new housing in rural and regional Australia.

The proposal would start on 1 July 2025.