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Gimme land, lots of land: Government to unlock huge swag of housing allotments

The State Government will spend $200 million on a plan to unlock thousands of housing lots in south east Queensland in a bid to improve affordability.

Jun 09, 2022, updated Jun 09, 2022
Queensland Deputy Premier and Minister for State Development Steven Miles. (AAP Image/Darren England)

Queensland Deputy Premier and Minister for State Development Steven Miles. (AAP Image/Darren England)

But the plan comes with a sting for developers. They will have to contribute a minimum 20 per cent of the cost of the infrastructure funded under the scheme.

As Brisbane’s median house price broke through the $1 million barrier, the State Government said about 30,000 of the total lots impacted were anticipated to be in the massive Caboolture West project, north of Brisbane.

The Caboolture West project is expected to have about 70,000 lots.

The funding will include $50 million in a Growth Acceleration Fund to support the delivery of trunk infrastructure which was needed in the development.

State Development Minister Steven Miles said that fund would focus on areas like the Sunshine Coast, Moreton Bay, Brisbane, Redlands and the Gold Coast.

“The Catalyst Infrastructure Fund will also receive $150 million in equity funding for the major infrastructure needed to continue the delivery of new communities such as Ripley Valley and Greater Flagstone.”

A similar scheme was announced last year in the Logan area.

Miles said the were several issues holding back the development of some projects. In some cases it was disaggregated ownership, which meant developers were too small to pay for the major infrastructure needed. Other times it was planning issues but developers had told the Government that once these issues were addressed the housing would follow.

“Thanks to targeted co-investment from government, almost 50,000 residential lots are being unlocked in south east Queensland since the 2020 state election, including about 30,000 in Caboolture West, helping to cater for the region’s current and projected population,” he said.

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He said the demand for housing was being driven by the influx of people from other states.

“This has increased the demand for land supply, especially in south east Queensland,” he said.

“This new infrastructure funding is ensuring we can boost supply and affordable housing choices.

“We are ensuring government, councils, developers and industry can keep up with the increase in demand for land, housing and the supporting infrastructure that comes with it.”

 

 

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