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- The Palaszczuk Government is partnering with community housing provider Coast2Bay to buy up to 121 homes across the Sunshine Coast, Moreton Bay and Gympie
- Most of the homes are exiting from the National Rental Affordability Scheme (NRAS)
- Through its Housing Investment Fund (HIF), the Palaszczuk Government is supporting the purchase of up to 456 properties to retain as social and affordable homes
- It’s part of a record $5 billion for social and affordable homes – the largest investment in Queensland’s history – to help deliver 13,500 homes
The Palaszczuk Government and Coast2Bay are partnering to purchase up to 121 homes across the Sunshine Coast, Moreton Bay and Gympie to become social housing.
The first 24 homes are already under contract through the partnership between the HIF and Coast2Bay.
Most of the homes were part of the soon to be closed NRAS, an Australian Government initiative which offers affordable rental homes to eligible households and which will cease in 2026.
The homes secured will be a mix of detached houses, townhouses and apartments.
It comes as the Palaszczuk Government also partners with Coast2Bay to build new homes.
Housing Minister Meaghan Scanlon visited a property in Yandina where builders are constructing a complex of 23 one-bedroom and three two-bedroom apartments.
The government has contributed $9.78 million to this project which, once complete in October 2023, will provide homes for Queenslanders on the social housing register.
Quotes attributable to Housing Minister Meaghan Scanlan:
“We’re able to purchase these homes exiting the NRAS scheme because of our Housing Investment Fund and record investment in social and affordable homes.
“It’s disappointing to see similar proposals by the Federal Government being blocked by the LNP and Greens, a proposal that would provide funding certainty into the future.
“It’s also disappointing to see the state LNP oppose the purchase of these homes – places that provide affordable housing for people now and into the future.”
Quotes attributable to Member for Caloundra Jason Hunt:
“The purchase of existing stock is one way we can increase the number of properties available to people in need, quickly, so this makes good sense.
“By purchasing these homes, we can provide peace of mind for existing residents and homes for households from the social housing register where properties are vacant.
Quotes attributable to Member for Nicklin Rob Skelton:
“The Housing Investment Fund gives us the means to support more of these types of proposals, which are one of the quickest ways to address housing need.
“It adds to builds that we’re rolling out across Queensland, including in Yandina where another 26 homes are being built.”
