Housing is classified as critical national infrastructure. The Australian National Development Bank will finance the construction of high-quality, affordable homes for sale and long-term lease to increase supply.

 

A Mortgage Relief Program will be introduced, offering pathways to debt restructuring and equity sharing for existing homeowners struggling with debt, providing immediate financial relief without destabilising the economy.

 

Key housing market reforms include:

  • Ban on Foreign Landlords: The purchase of Australian residential property by non-citizens is prohibited. A sunset clause requires all existing foreign-owned residential properties to be sold to Australian citizens or permanent residents within ten years.
     
  • Limit on Domestic Investment: Ownership of investment properties is capped at one per individual to curb speculative hoarding.
     
  • Rental Yield Cap: A national ceiling on permitted rental yields is established to eliminate price gouging.
     
  • Reclaiming Deceased Estates: Properties from deceased estates with no direct heir revert to the state for allocation to young families or those on the social housing register.