The answer to the housing crisis is supply. After a decade of decline which undermined supply, we’re fiercely determined to turn that around by cutting red tape, incentivising building and improving productivity so Queenslanders have a fair go at owning a home and having a roof over their heads.
We’re now seeing the results already flowing with a number of nation leading initiatives.
In less than 23 months the Residential Activation Fund has unlocked more than 163,000 homes across all of Queensland. In addition, $28 million was recently announced for South-West Queensland with another $28 million for North-West Queensland, and only a week ago a record $70 million for the South Burnett and Somerset regions to unlock over 710 homes. In Maroochydore, we’ve invested $82.9m in civil infrastructure to unlock 1800 homes more homes.
This is the biggest investment from a state government in over 20 years and it is working because it invests in critical infrastructure that supports more housing.
Locally, the Halls Creek development scheme on cleared or former farm land has been released, to support 12,000 more homes south of Caloundra.
We have declared four Priority Development Areas (PDA), to help bring forward more homes, in a year and a half, two of which Labor failed to declare.
The State Facilitated Development (SFD) and Ministerial Infrastructure Designation pathways are also unlocking homes for our state. There have been eight SFD approvals under our government, totalling 4,232 homes.
On average, we are approving 69 social and affordable homes per month under ministerial infrastructure designations compared to 30 under Labor. This is in addition to the State Government’s investment in new social and affordable homes, with 6,900 under contract or in construction and supported by a $5.7 billion investment by the Crisafulli government over four years.
