Infrastructure in South East Queensland, including the Gold Coast, will receive a major cash boost in a bid to help ease the housing crisis.
A $200 million investment will go towards building trunk infrastructure in the Gold Coast, as well as Sunshine Coast, Moreton Bay, Brisbane and Redland.
The Queensland Government will invest the funds from the State budget into the Catalyst Infrastructure Fund and the newly created Growth Acceleration Fund, with the money to support more housing supply, essential infrastructure and affordable housing.
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Deputy Premier and Minister for Planning Steven Miles says the investment is vital for the ever-growing community.
“People and businesses are moving to Queensland in droves to enjoy the economic, job and lifestyle opportunities on offer,” Mr Miles says.
“This has increased demand for land supply, especially in South East Queensland.”
The $50 million Growth Acceleration Fund will invest in new roads, water and sewerage infrastructure and other public facilities.
While $150 million has been allocated to the Catalyst Infrastructure Fund which will go towards major infrastructure needed to build new communities.
“This new infrastructure funding is ensuring we can boost land supply and affordable housing choices,” Mr Miles says.
“We are ensuring government, councils, developers and industry can keep up with the increase in demand for land, housing and the supporting infrastructure that comes with it.”