The Palaszczuk Government recognises that access to safe, affordable and appropriate housing is a fundamental human need. The Queensland Housing Strategy is a long-term plan to address issues across the housing spectrum to ensure every Queenslander can go about their life with confidence and security.
Housing strategy – $1.8 billion over 10 years
The 2017-18 Queensland Budget’s injection of $1.8 billion over 10 years into the Queensland Housing Strategy is the biggest commitment to housing in Queensland’s recent history – creating jobs, strengthening communities and building a better future for all Queenslanders. This includes:
- $1.2 billion to renew the existing social housing property portfolio
- $420 million for a housing construction program to boost the supply of social and affordable housing (including $3.5 million to construct two refuges for women and children escaping domestic and family violence)
- $75 million to progress home ownership in discrete Aboriginal and Torres Strait Islander communities
- $100 million for reforms to the housing and homelessness service system.
The Budget is providing $10 million for regional planning and program implementation to support a land supply monitoring program, and a strategic assessment of Queensland’s planning and environmental offsets framework for growth areas in South East Queensland. Funding will help minimise environmental impacts and reduce avoidable costs and time delays for development.
First Home Owners’ Grant extended
The Palaszczuk Government is committed to helping Queenslanders into their first home sooner.
The 2017-18 Queensland Budget is providing additional funding of $30 million to extend the temporary increase in the Queensland First Home Owners’ Grant from $15,000 to $20,000 for a further six months.
The popularity of the boost is clear, with 6,353 applications, worth $127.1 million, received as at 31 May 2017. Of those, 4,900 worth $98 million have been approved so far, with more to be approved as house purchases by applicants proceed.
The increased grant will be extended to eligible transactions entered into from 1 July 2017 to 31 December 2017, for buying or building new houses, units or townhouses valued at less than $750,000.