We Need More Affordable and Social Housing in Australia

Innovative solutions are required to solve this issue. For example, the Queensland Government recently established the Housing Investment Fund, which has allocated $2 billion across 5,600 social and affordable home commencements by 2027. Partnering with private developers (privately owned land) under an innovative public-private partnership model, the Queensland Government provides an operating subsidy for social and/or affordable housing occupied by eligible tenants. This involves a discounted rent subsided by the Queensland Government.

Private and institutional capital understand this investment opportunity which will generate several positive social benefits including:

– An opportunity to meaningfully address the undersupply issue.

– The creation of local communities and the security of a home for renters. This helps renters feel an increased sense of safety, wellbeing and belonging.

– Provision of greater delivery of key worker accommodation in proximity to jobs

– Construction and related industries job creation