Queensland Government Doubles Fund for Affordable, Social Homes

As part of a recent summit to tackle the housing pressures throughout Queensland, Premier Annastacia Palaszczuk announced the $1 billion Housing Investment Fund would be doubled to a $2 billion fund.

More than 45,000 people are currently on the housing wait list in Queensland, and rental vacancy rates are at sub 1%. Many are simply not able to get into another home when their rental lease runs out and are living in tents and cars as a result.

In total, the state government is aiming to deliver 13,000 homes by 2027 across all of its social and affordable housing initiatives. “This means we’ll be able to provide a long-term, sustainable source of funding to build new homes for Queenslanders,” Ms Palaszczuk said. Many locals, however, are concerned they will have to wait that long for a roof over their heads.

Aboriginal and Torres Strait Islander Housing Queensland deputy chair Angelina Akee said it was important that First Nation’s voices were also heard in the discussions around housing issues.