The ACT wants 26,000 new homes built in the next five years. Here's what that looks like

Most of the greenfield land releases will be in Molonglo and Macnamara. (ABC News)

The ACT government is promising to deliver nearly 26,000 new homes across Canberra over the next five years.

The latest Housing Supply and Land Release Program — released as part of tomorrow's ACT budget — includes plans for nearly 4,300 new homes this financial year.

The government says the extra homes will help meet the capital's growing housing needs, with the population expected to reach 700,000 by 2050.

It's all part of the governments plan to "enable" 30,000 new homes by the end of 2030.

But what are these 26,000 homes going to look like, and where are they going to be built?

Just 11 per cent (2,885) of the 25,794 homes planned over the next five years will be standalone properties, with the rest multi-unit dwellings.

This financial year, 182 of the 4,293 homes planned will be standalone dwellings, and they'll all be within the Ginninderry development in west Belconnen.

Here's the number of single and multi-unit dwellings planned for each district during this first year, and over the five-year program:

ACT Housing Minister Yvette Berry acknowledged 26,000 homes was an "ambitious target" but one she believed was "achievable".

"Importantly, the program also reserves 15 per cent of suitable residential land releases [in 2026-27] for public, community and affordable housing, which is targeted to deliver nearly 300 of these new homes at sites across Canberra."

Yvette Berry says greenfield sites in the ACT are "finite". (ABC News: David Sciasci)

The limited number of standalone dwellings in the government's plan has been criticised by Master Builders ACT CEO Anna Neelagama.

"This indicative program has consistently failed to reflect reality and cannot be relied upon," she said.

"In the first year ... there are only 182 single dwelling homes planned for release for the whole of the ACT.

"The question must be asked: does this program signal the beginning of the end of the great Australian dream in the ACT and the ability to own your own block of land and a standalone home?"

CEO of the Real Estate Institute ACT, Maria Edwards, also warned that there's "not enough diversity in what's being approved".

"There's a lot of talk about building one-bedroom units as sort of a solution to the supply problem in the ACT, but we already have a lot of one-bedroom units," she said.

ACT Real Estate Institute CEO Maria Edwards hopes there'll be enough choice for homeowners. (ABC News: Stuart Carnegie)

"So if we can get bigger two-bedroom apartments, three-bedroom apartments