A plan to build 1 million new homes by the end of the decade as part of a historic deal between the federal government, states, private investors and the construction sector, will be revealed in tonight's federal budget as Labor seeks to mitigate the nation's housing crisis.
In his first budget, Treasurer Jim Chalmers will outline the government's plan to increase housing supply over five years from 2024, although it will rely heavily on the market itself.
