Homes for Queenslanders: $2.8 billion for plan, new supported housing

  • State Budget locks in record $2.8 billion in 2024-25 to help deliver Miles Government’s Homes for Queenslanders plan
  • Funding will support construction of 200 high-rise social, affordable home Southport Supportive Accommodation project
  • Adds to Budget announcement to slash stamp duty for first homeowners, 600 more modular homes

The Miles Government will build more Homes for Queenslanders with $2.8 billion in this year’s state Budget, including a new 200 social and affordable home project on the Gold Coast.

It comes after the Government announced its Budget would lift the stamp duty threshold for first homebuyers to $700,000 as well as build 600 more modular homes across regional Queensland.

Homes for Queenslanders outlines the Government’s plan to build one million more homes including 53,500 social homes, help for first homeowners, more rights and financial support for renters, and an uplift in funding for homelessness services – a plan the LNP think is too much.

Southport Supportive Accommodation project

The Southport Supportive Accommodation project will include about 200 high-rise units delivering social and affordable homes for people in need, as well as two floors dedicated to delivering on site support services.

Social homes will be targeted towards people experiencing or at risk of homelessness.

The design considers a housing-first model and a trauma informed response to design, with a focus on the safety and security of residents and space for the provision of wrap around support services.

The vision for the project has been developed in consultation with the community housing sector, and with people with lived experience of homelessness.

The project will be constructed within the Southport Priority Development Area on land that was identified as part of the government’s land audit.

The process is already underway to find a builder, while procurement of a community housing provider and specialist homelessness service provider to operate the project and deliver services to future residents will begin later this year.

As stated by Premier Steven Miles:

“As Premier, I am doing what matters for Queenslanders – delivering more homes, better healthcare services and critically, cost of living relief to every household.

“It’s our plan that’s delivering one million more Homes for Queenslanders.

“That includes homes for first homebuyers, renters, regional families and those in our community who need additional support.

“I want young Queenslanders to have more opportunity than their parents including the opportunity to own their own place. I want that for my kids too.

“That’s why I also announced we will increase the threshold for the first homeowner concession on transfer duty to make it easier for those buying their first home.”

As stated by Deputy Premier and Treasurer Cameron Dick:

“To deliver Homes for Queenslanders we’ve committed $2.8 billion in this Budget for 2024-25, the largest investment in housing in Queensland’s history.

“This record investment in housing means we will continue this momentum and provide more homes for all Queenslanders – whether that’s by lifting the stamp duty threshold, or building the Southport Supportive Accommodation project.

“David Crisafulli’s failure to commit to the targets in the housing plan means he will cut investment and hurt renters.”

As stated by Housing Minister Meaghan Scanlon:

“We’ve made it clear through our Homes for Queenslanders plan that we’ll pull every lever possible to help Queenslanders find a place to call home – whether that’s by buying one, renting one or moving into a social home with the supports they need.

“I’ve listened to housing and homelessness services on the Gold Coast who told me about the demand not just for social housing but wraparound support, which is why we’ve locked in funding to build this project.

“The Southport site will bring with it the potential to provide on-site supports for people who need additional help to live independently.

“This Budget and our plan shows to Queenslanders a very clear distinction: a new Miles Labor Government that will build more homes, support renters, community housing providers and homelessness organisations, or the LNP who have no plan and no targets except to cut.”

/Public Release. View in full here.