- Builders, councils and utility providers can now apply for a share of $2.4 billion in grants and interest-free loans.
- The joint initiative between the Crisafulli and Albanese Governments invests in catalyst infrastructure to deliver more than 50,000 new homes, including over 20,500 for first home buyers.
- Eligible applicants can submit a proposal to Economic Development Queensland via a dedicated online portal.
The Crisafulli and Albanese Governments are calling on developers, councils and utility providers to bring forward infrastructure projects that can unlock development-ready land and accelerate the delivery of more than 50,000 new homes, including more than 20,500 exclusively for first home buyers.
Earlier this year, the Queensland and Federal Governments struck a $2.4 billion deal to support home-unlocking infrastructure across the Priority Development Areas (PDA) of Mount Peter, Southern Thornlands and Waraba, as well as other potential new growth areas across Queensland.
The joint initiative supports essential road, water, sewer and other catalyst infrastructure and is designed to overcome critical infrastructure constraints that can prevent new homes from being delivered.
Eligible applicants can now apply to Economic Development Queensland for grants and Commonwealth Government-backed interest-free loans to help deliver these projects.
The launch of the portal is the next step in delivering the Commonwealth Government's election commitment to help build 100,000 homes for first home buyers, in partnership with state governments and industry. This is part of the Crisafulli Government's commitment to deliver 1 million homes by 2044.
Eligible developers, councils and utility providers can check their eligibility and submit a proposal through the portal on the Economic Development Queensland website.
The fund combines $399 million in Commonwealth Government grant funding, matched by a Queensland contribution, with nearly $1.6 billion in Commonwealth Government-backed interest-free loans.
Deputy Premier and Minister for State Development, Infrastructure and Planning Jarrod Bleijie said the market process would help identify the next wave of infrastructure projects needed to unlock housing supply.
"Queensland needs more homes and fast, but they can't be delivered without the roads, water and sewer infrastructure needed to support growing communities," Deputy Premier Bleijie said.
"Availability equals affordability and by providing funding to get the vital infrastructure in place, the builders can get building.
"This is an opportunity to secure grant or interest-free loan funding to deliver the major infrastructure that may otherwise hold back housing delivery, and ensure thousands of Queenslanders, including first home buyers, have a place to call home."
Federal Minister for Housing Clare O'Neil said this deal is backing tens of thousands more homes for Queenslanders to buy – with no competition from investors.
"We're investing in the boring but essential infrastructure like roads and sewerage that help us unlock more homes for Queenslanders, because the more homes we build, the more affordable housing becomes."
"This will see thousands more Queenslanders getting the keys to their own home."
