Tuesday’s ACT budget will list spending of more than $145 million to kickstart home building.

Under the national housing accord, the ACT government has committed to 30,000 new homes by 2030.

The ACT government says its “supply pipeline” will be supported through a range of policy initiatives and industry incentives.

The government says its Housing Supply and Land Release Program demonstrates how it will achieve this target, with government land release to support nearly 26,000 homes over the next five years, direct investment to build social and affordable housing, and thousands more homes expected to be delivered on leased land enabled by new planning reforms.

The budget includes:

• Increasing eligibility for stamp duty concessions for all eligible purchasers’ price threshold above $1 million.
• 85 new public housing dwellings delivered through Community Housing Providers under the Housing Australia Future Fund Facility (HAFFF).
• $20 million additional funding for the Affordable Housing Project Fund, increasing the total to $100 million.
• 300 affordable Build-to-Rent homes.
• 17 new social housing townhouses acquired in Coombs under the Social Housing Accelerator.
• Ongoing investment in the Growing and Renewing Public Housing Program to maintain and expand Canberra’s public housing portfolio.

The budget supports the development of a future construction workforce, including:

• An increase in training subsidies to 90% for carpenters, plumbers, tilers, bricklaying and other critical construction trades.
• The Try-a-Trade program in ACT public high schools to support more young women to enter the construction industry.
• $250 cost-of-living payments to apprentices and trainees, including an extra $250 for first year apprentices, building on the $10,000 payments available under the Commonwealth’s residential construction training incentive.