Annual Report 2024–25

Message from the Chair and CEO

We are pleased to present Housing Australia’s 2024–25 Annual Report, outlining a year of progress in improving access to safe, secure, and affordable housing for Australians—whether renting or seeking home ownership. Through our programs, we supported national efforts to address housing supply challenges and delivered measurable outcomes to better meet the needs of communities across Australia.

In 2024–25, Housing Australia supported the delivery of more than 58,000 homes, estimated to benefit over 100,000 Australians. This includes the finalisation of 279 contracts under the HAFFF and the NHAF, supporting 18,650 new social and affordable homes—nearly half of the Australian Government’s 5-year target. Through the Home Guarantee Scheme, this year we have helped more than 60,000 people to enter home ownership.

We approved $1.2 billion in loans and grants to CHPs through the AHBA and the NHIF, supporting the delivery of 2,900 new and existing homes. Notable projects included Evolve Housing’s development in Merrylands, NSW ($112.6 million), Bridge Housing’s development in Merrylands, NSW ($86 million), St George Community Housing’s Carseldine Village in Qld ($67.6 million) and Foundation Housing’s development in Perth, WA ($9.5 million).

We also completed the first temporary accommodation project under the AHBA, addressing urgent short-term housing needs for people experiencing—or at-risk of—homelessness. In addition, we launched the NHIF CT program to support vulnerable cohorts, including women and children experiencing family and domestic violence, and young people at-risk of homelessness. We also completed the first comprehensive review of the NHIF, from which $1 billion has been approved in infrastructure and social affordable financing.

Mandate expansion and budget commitments

Following the expansion of the Housing Australia Investment Mandate Direction 2018 (Investment Mandate) in October 2023, Housing Australia assumed responsibility for supporting the delivery of 40,000 social and affordable homes over 5 years, through the HAFFF and NHAF. In November 2024, the Investment Mandate was amended to enable the allocation of $1 billion under the NHIF to fund crisis and transitional accommodation and social housing for priority cohorts (NHIF CT).

These changes have reinforced our role as a responsible steward of public investment and a key enabler of financial innovation in housing.

In the 2025–26 Federal Budget, the Government increased Housing Australia’s statutory liability cap from $10 billion to $26 billion, significantly expanding our funding capacity.

Supported home ownership

Since its inception in 2020, the Home Guarantee Scheme (the Scheme) has supported more than 230,000 people to purchase a home. In 2024–25, the Scheme supported 61,281 homebuyers, including 20,376 regional buyers and 12,040 key workers, with nearly half of all participants women and 49% under the age of 30. As part of its election commitments, from 1 October 2025, the Government has announced it will increase property price caps, remove income thresholds and the limit on the number of guarantees, expanding access to home ownership for more Australians.

As part of the 2025-26 Federal Budget, the Government allocated an additional $800 million to the Help to Buy program bringing the total investment to $6.3 billion.

On 13 June 2025, Program Directions for the Help to Buy Scheme were formally registered, enabling Housing Australia to finalise operational readiness ahead of its launch later this year. We look forward to delivering the Help to Buy Scheme in partnership with Participating Lenders to support more Australians to achieve home ownership.

Strengthening our foundations

To support the delivery of large-scale national housing programs, we continued to work to strengthen our internal capability. In 2024–25, Housing Australia welcomed 76 new employees (totaling 180 as of 30 June 2025).

Acknowledgements

A key milestone in 2024–25 was the Board’s appointment of Mr Scott Langford as Chief Executive Officer (CEO) on 23 September 2024. We also welcomed Mr Damien Tangey to the Board as a non-executive director for a 5-year term, contributing to the continued enhancement of our governance and strategic oversight.

Throughout the year, Housing Australia made significant progress in partnership with stakeholders across the housing continuum. With continued support from the Australian Government, we are well‑positioned to help shape a more inclusive, resilient, sustainable and accessible housing system.

We acknowledge the return of the Hon Clare O’Neil MP as Minister for Housing and Homelessness and Minister for Cities, following the May 2025 Federal Election. We have resumed strong engagement with the Minister and her team as we deliver on our expanded remit and national housing priorities.

We thank our colleagues at Housing Australia for their dedication and professionalism through a period of substantial change and growth. We also extend our gratitude to our Board of Directors for its leadership and guidance.

As we look to the year ahead, Housing Australia enters with a clear purpose, strong momentum, and the trust of the Australian Government and partners across the housing sector. We remain committed to work with all levels of government, CHPs, Participating Lenders and the financial sector to drive sustainable housing solutions across Australia.

Our impact since establishment 

• $14bn in committed funding under the Housing Australia Future Fund Facility (HAFFF) and National Housing Accord Facility (NHAF)
• 46,000+ new and existing homes supported
• 31 individual CHP and 15 sector‑wide capacity grants awarded
• 230,000+ Australians supported to buy their own home
• $1.0bn approved in infrastructure facilities to enable housing development
• $2.8bn in bonds across 7 bond issuances
• $5.0bn in Affordable Housing Bond Aggregator (AHBA) loans to CHPs approved
• $860m estimated interest savings for CHP's¹

2024–25 highlights 

• 60,000+ Australians helped into home ownership
• $1.2bn+ in approved funding to CHPs through the AHBA and National Housing Infrastructure Facility (NHIF), supporting 2,900+ homes
• 30 expressions of Interest under assessment for National Housing Infrastructure Facility Crisis and Transitional (NHIF CT), with potential to unlock up to 569 homes for vulnerable Australians
• 177 HAFFF and NHAF Funding: Round One contracts signed supporting 13,600+ social and affordable homes
• 102 HAFFF and NHAF Funding: Round Two contracts signed supporting 5,000+ social homes

^{1. Figures are projected at loan approval and may vary based on final loan terms and borrower circumstances.}

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