- First 60 applicants receive funding under Miles Government $350 million fund, fast-tracking 1,872 new homes
- Incentivising Infill Development Fund covers cost of infrastructure charges and development application fees for well-located homes
- Part of Miles Government's Homes for Queenslanders plan to deliver one million more homes
The first tranche of successful applications have been green lit under the Miles Government's fund to get more homes out of the ground, faster.
Sixty applications to the Incentivising Infill Development Fund (IIDF) will share in $52 million from the $350 million fund to build homes close to existing services, public transport, schools and jobs.
In total, the first tranche of successful applications will deliver 1,872 homes from gentle density developments through to apartments from Cairns to the Gold Coast.
The fund – part of the Miles Government's Homes for Queenslanders plan – covers the cost of infrastructure charges and development application fees for well-located homes, particularly those with a focus on affordability.
By covering known infrastructure costs, the fund will also prevent these costs being passed on to homebuyers, promoting housing choice and improving affordability.
This fund is a direct outcome of the insights shared from both industry and local governments, bringing forward development activity while also ensuring councils remain funded for critical infrastructure to support necessary growth.
It joins a number of initiatives under the Homes for Queenslanders plan to unlock more homes in well located areas faster.
The government is now prioritising assessment of the remaining IIDF applications to enable announcement of the next tranche in August 2024.
As stated by Housing Minister Meaghan Scanlon:
"Industry told us they had projects ready to go, they just needed that little bit of extra support to make them shovel-ready. That's why we created this fund.
"In just the first tranche, we're bringing more than 1,800 homes forward.
"There are pockets of land right across Queensland close to public transport, jobs and schools that are underutilised. That needs to change if we're to meet the demands for housing in Queensland.
"Not only is this fund unlocking that supply, it's also stepping in to keep councils funded for essential infrastructure like water, parks and roads.
"It's a stark contrast to the LNP who have been busy voting against 30,000 social and affordable homes, and are now putting up barriers to stop thousands of Queenslanders from buying their own home."
