• This year’s Queensland state Budget will include an additional $322 million to build 500 more social homes.
• It builds on a record $3.9 billion for social and affordable housing – the largest concentrated investment in the state’s history – to help deliver 13,000 homes.

Queensland’s record investment in social and affordable housing will be bolstered in this year’s state Budget, with additional funding to build 500 more homes.

Premier Annastacia Palaszczuk joined the Treasurer and Housing Minister today to announce $322 million in funding in the 2023-24 State Budget – honouring the government’s commitment to deliver more housing for Queenslanders in need.

The funding is in addition on the record $3.9 billion already invested in social and affordable housing, which will deliver 13,000 homes across the state.

The government continues to tackle national housing pressures through a range of initiatives including the Built to Rent program, investing in community housing organisations, headleasing and building social, affordable and government employee housing.

Support is also provided to private renters who are experiencing rental stress.

Quotes attributable to Queensland Premier Annastacia Palaszczuk:

“Our government is pulling every lever possible to ensure Queenslanders have a roof over their head.

“This investment builds on the biggest investment in social and affordable housing this state has ever seen, but we won’t stop there.

“We will work hand in hand with Queensland’s wonderful community housing organisations and the private sector to build, buy and lease more social housing stock for the people who need it.”

Quotes attributable to Queensland Treasurer Cameron Dick:

“Housing pressures have had an impact across the country, and Queensland hasn’t been immune.

“That’s why we continue to take action to address this critical issue.

“The Palaszczuk Government’s Budget is investing in a range of housing initiatives to address housing supply shortages across the state.

“We are working with the private sector, community housing, companies and financial institutions like superannuation funds to build, buy or lease more homes for Queenslanders.”

Quotes attributable to Housing Minister Meaghan Scanlon:

“Queenslanders deserve a safe and secure roof over their head.

“It’s why we’ve built on average more than 10 homes per week since 2015, and we’re investing even more to get more homes built sooner.

“Every new social housing home we deliver is another Queenslander, couple or family who have a roof over their heads.

“Whether it’s social and affordable homes, more immediate support like emergency accommodation or looking at new ways to get more homes online sooner – this is a government focussed on housing in Queensland.”

Quotes attributed to Mirvac General Manager, Build to Rent, Angela Buckley:

“Mirvac is committed to providing Australians with a more diverse range of housing options and improving the supply of housing in sought-after urban locations.

“We are proud to be partnering with the Queensland Government, providing 99 key worker affordable apartments at our first Brisbane build to rent project, LIV Anura, providing them an equitable and secure new living experience.”

ENDS

Media contact: Francis Dela Cruz – 0420 592 078