The 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 is 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 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 state 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 government willing to work with the private sector to get more Queenslanders in homes sooner,” she said.
While today’s announcements are welcome, Ms Caire said it was critical every lever was pulled to respond to the chronic undersupply of housing.
“Today’s announcement is a welcome one, we encourage the government to consider further complementary initiatives such as reviewing outdated land tax settings that continue drive up the cost of housing.”
