Hon Dr MEGAN WOODS (Minister of Housing): Today, I announced the Government's $3.8 billion Housing Acceleration Fund, designed to jump-start housing developments and increase housing supply across the country. This will fund infrastructure on land we own and in areas where councils can demonstrate both housing need and a willingness for momentum to increase new housing. We recognise that, for too long, housing demand has outstripped supply, and as a result, we have seen house price increases of a magnitude that keeps homes out of reach of first-home buyers.