More homes will be delivered sooner with funding announced for housing-enabling infrastructure in Mount Peter.
A total of $220 million – $110 million from each the Australian and Queensland governments – plus an $80 million concession loan will be invested into water, sewerage and road infrastructure. We thank both governments for their support and investment in the region's future.
This funding aims to deliver more than 13,100 new homes in Mount Peter. More than 5,250 of these will be reserved for first homebuyers.
Council welcomes this funding at a time where residents need secure homes and local employers need housing to attract skills.
We've been calling for tripartite funding approach as part of our Securing Cairns Housing Foundations plan alongside local state and federal members, and advocacy partners.
The funding builds on our partnership with Economic Development Queensland to unlock Cairns last greenfield site, the Mount Peter Priority Development Area.
This investment will reduce the burden on local ratepayers who already face cost-of-living pressures.
Now, the hard work continues to ensure infrastructure is well planned, sequenced and delivered.
