The Property Council of Australia has welcomed the joint commitment from the Commonwealth and Queensland Governments to deliver more than 51,000 new homes, including over 20,000 dedicated to first home buyers, as a critical step towards addressing Queensland's housing shortage.
The deal sees $2 billion in Commonwealth support, including $399 million in grants and $1.6 billion in concessional loans for critical infrastructure delivery, alongside a matched contribution from the Queensland Government of $399 million.
Property Council Queensland Executive Director Jess Caire said the agreement demonstrated what can be achieved when governments align in the delivery of new housing supply.
"This announcement is a timely reminder that when state and federal governments work together on the biggest challenge facing our country, that is getting more homes built, faster, real progress is possible.' Ms Caire said
The key now is to get on site quickly to start delivering the infrastructure that makes those homes possible roads, water and essential services so more Queenslanders can get a place to call home,"
Ms Caire said the focus of the funding on Priority Development Areas, including Mount Peter, Southern Thornlands and Waraba, reflects the scale and pace of growth across Queensland.
"Investment in these critical growth fronts through enabling infrastructure like roads, water and sewerage is what unlocks new housing supply in the places that need it. It's pleasing to see this announcement recognise that and back it in."
"The Property Council said continued coordination across all levels of government alongside streamlined planning and approval pathways and investment-attracting tax settings is essential to ensure new housing is delivered at the scale required to meet demand."
