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Monday, May 27, 2024

Housing incentives welcomed

THE Property Council of Australia has welcomed the Queensland Government’s recent announcement of a series of incentives to support housing delivery as part of their Home for Queenslanders plan.

Property Council’s incoming Queensland executive director Jess Caire said the State Government’s announcement of $350 million in infrastructure waivers would help unlock much-needed housing.

“It has never been more expensive to build homes in Queensland and this is a welcome initiative that will assist in fast-tracking much-needed supply by addressing the single biggest barrier to delivery – cost,” she said.

“Research commissioned by the Property Council last year reinforced infrastructure charging relief as a key lever in facilitating development and fast-tracking new housing.

“It is pleasing to see the government has listened to the industry’s feedback that more needs to be done to bolster the viability of new housing projects.

“We look forward to working with them on the detail to ensure it achieves its intended outcome – rapidly unlocking much-needed housing supply for Queenslanders.”

Ms Caire also welcomed the Queensland Government’s commitment to working with the industry to trial projects on government land that include a diversity of market and affordable housing.

“The private industry provides the vast majority of housing across Queensland, and it is pleasing to see the government willing to work with the private sector to get more Queenslanders in homes sooner,” she said.

While the announcements are welcome, Ms Caire said every lever needed to be pulled to respond to the chronic undersupply of housing.

“This announcement is a welcome one, however, we encourage the government to consider further complementary initiatives such as reviewing outdated land tax settings that continue to drive up the cost of housing.”

Keep up with the latest news in Cairns and the Far North, and check out some of our top stories this week: Stalker arrested and Plea for support on Mossman Mill.

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