“With 96 per cent of all homes built by the private sector, clearly government alone can’t solve this crisis,” Schrinner said.
“To get things moving, we’re incentivising industry to build new homes by reducing infrastructure charges for eligible projects.”
Property Council of Australia Queensland executive director Jen Williams said infrastructure charges form a major component of the cost of delivery of new homes.
“It has never been harder or more expensive to deliver new homes in Queensland, which is reflected in the drop off in the number of dwellings approved, under construction or completed in recent years,” Williams said.
“An alarming number of projects have been placed ‘on-hold’ indefinitely, as the cost of delivery has rendered countless housing proposals unfeasible.”
There was also a 100 per cent permanent and ongoing reduction in infrastructure charges for registered community housing providers.
Brisbane Housing Company chief executive Rebecca Oelkers said this was a game-changer.
“We congratulate Brisbane City Council for the leadership they are showing, in using the levers at their disposal to attract and promote investment into diverse and affordable housing across the city,” Oelkers said.
“Relief from infrastructure charges shifts the dial for community housing developments and will directly result in new homes being delivered to assist Brisbane residents in housing need.”
*This post was originally published on https://www.theurbandeveloper.com/articles/brisbane-housing-supply-action-plan
