The Budget balances Queensland’s economic opportunities while protecting our great lifestyle and environment by investing in future-focused and sustainable infrastructure and projects. Together, we’re building a better Queensland that supports our growing population, improves mobility and connectedness and supports our precious ecosystem for generations to come.
Queensland is now on a 10-year runway to the greatest show on earth—Brisbane 2032 Olympic and Paralympic Games—a once-in-a-lifetime economic opportunity for the state. It heralds an era of investment and infrastructure that will deliver benefits for generations to come. These benefits are not only about construction. The Budget will continue to invest in a high-performance strategy for athletes and deliver new and upgraded sports infrastructure across Queensland. It will help keep Queenslanders connected in communities and workplaces and drive economic activity.
PROTECTING QUEENSLANDERS’ LIFESTYLE
toward protected area investment and management of ecosystems, natural resources and habitats
over 3 years to increase the Catalyst Infrastructure Fund as well as a new Growth Acceleration Fund to unlock development and support the delivery of trunk infrastructure and increase the supply of housing in priority development areas
increased funding over 3 years towards Activate! Queensland 2019–2029 to maximise opportunities for Queenslanders to increase physical activity, taking total funding to $394 million
for resource recovery initiatives
towards priority regional water infrastructure projects including Cairns Water Security Program, Hughenden Water Bank, Lansdown Eco-Industrial Precinct and the Mount Morgan Pipeline
for the Townsville Connection Road, Bowen Road bridge duplication as part of a $7.3 billion transport capital spend
to help protect Queensland’s native animals at risk across South East Queensland, including $24.6 million to support the South East Queensland Koala Conservation Strategy 2020–2025
increased funding from 2023–24 to extend the 2032 High-Performance Strategy to help prepare elite Queensland athletes for Paris 2024 Olympic and Paralympic Games, Los Angeles 2028 Olympic and Paralympic Games, and leading up to Brisbane 2032 Olympic and Paralympic Games
Brisbane Cricket Ground, Woolloongabba Precinct
The Queensland Government is invested in community-shaping opportunities such as the Brisbane 2032 Olympic and Paralympic Games.
The Gabba has been home to sport in Queensland for 126 years and its redevelopment is considered a significant legacy outcome for Brisbane and Queensland. The redeveloped Gabba will support long-term professional sport, community and entertainment needs of the city beyond 2032 including attraction of national and international sporting and entertainment events.
Early planning is underway to stage, design and deliver the infrastructure required for the Gabba redevelopment including how this venue integrates with the broader precinct and improves user access by seamlessly connecting pedestrians to new transport options including Cross River Rail and mixed-use facilities.
Bruce Highway boost complete for Sunshine Coast
The project to improve safety and efficiency along the Bruce Highway on the Sunshine Coast is now complete, thanks to funding support from both the Australian and Queensland Governments.
This is the region’s largest ever infrastructure project, with the Bruce Highway between Caloundra Road and the Sunshine Motorway upgraded to 6 lanes to cut travel time for locals and tourists. Major upgrades to both interchanges and a new 2-way service road between Steve Irwin Way and Tanawha Tourist Drive has also separated long-distance traffic from local traffic, improving road safety and network efficiency.
More than 9 kilometres of new active transport infrastructure along this stretch of highway is now available, encouraging locals to walk and ride their bikes. The project also included the planting of more than 245,000 plants, trees and shrubs.
The project was jointly funded by the Australian Government and the Queensland Government. This project is part of the 15-year, Bruce Highway Upgrade Program, $13 billion of works to improve safety, flood resilience and capacity from Brisbane to Cairns.
Revitalising The Spit
Job-creating infrastructure projects on The Spit are now underway, thanks to the Queensland Government approving a 4-year works program worth $16.95 million.
The projects are supported by the government’s $60 million investment in evolving The Spit into a world-class destination for Gold Coast locals and tourists. Collectively, the approved program is generating approximately 200 local jobs during the construction phase.
The projects include building a jetty and pontoon in the north of Marine Stadium to provide new transport and recreation options for people travelling to The Spit. Major improvements to Muriel Henchman Park will include boat ramp upgrades, a pontoon extension and additional parking spaces. An investigation into the Marine Stadium tidal exchange is also being funded to assess potential solutions for improving the health of the ecosystem while supporting a range of recreational activities.
Global factors and events, including COVID-related disruptions to supply chains account for much of the increase in inflation. The impacts of floods have also affected some prices. Through new and ongoing funding and concessions measures, the Queensland Budget will continue to help alleviate pressure on household budgets.
As part of the 2022–23 Budget, Queenslanders will automatically receive a $175 Cost-of-Living Rebate on their next power bill. This is at a cost of $385 million to the budget.
The total dividends provided to Queenslanders over the past 4 years is $575 in direct financial assistance through electricity bill rebates that households have received since April 2018.
over 4 years and $10 million per year ongoing to support initiatives to address youth homelessness
in concessions for Queensland individuals, families and businesses in 2022–23, an increase of more than 10 per cent from 2021–22
over 2 years to build capability and capacity in the Community Housing Provider sector, and support their participation in the Housing Investment Fund
- $541.3M in 2022–23 for government managed housing rental rebates, supporting approximately 54,700 low-income households. An increase of $178.2M from 2015–16
- $2.1B in 2022–23 in general transport concessions for bus, rail and ferry services. An increase of $800M from 2015–16
- $1.3B in 2022–23 in energy concessions to provide affordable power to households and businesses. An increase of $610.5M from 2015–16
- Up to $590 in school textbook and resources allowance, a $175 Cost-of-Living rebate and an average rental benefit of around $9,900 to help low-income families in social housing with 2 senior high school students
Housing Investment Fund supporting social and affordable housing
The $1 billion Housing Investment Fund is continuing to support the delivery of social and affordable housing for Queenslanders, while creating secure jobs in the construction sector. Annual returns from the fund are being used to provide opportunities to developers, institutional investors and local governments to team up with the community housing sector to bring forward innovative models that deliver long-term housing outcomes for vulnerable Queenslanders.
A partnership with Brisbane Housing Company has already been secured to build 118 new social and affordable homes under the fund across 2 projects in Chermside on the northside of Brisbane, and Redcliffe in the Moreton Bay region. It builds on the success of leveraging co-investment with the private sector to deliver more affordable housing for Queenslanders through the Build-to-Rent Pilot Project. The Housing Investment Fund is a key part of the Housing and Homelessness Action Plan 2021–2025, with $1.9 billion available over 4 years to boost housing supply and increase housing and homelessness support across Queensland. Under the plan, the government will deliver 7,400 new dwelling commencements across Queensland.