Multibillion-dollar deal to lay base for new homes on Brisbane’s fringes
A multibillion-dollar investment has been announced to enhance infrastructure for new housing developments on the outskirts of Greater Brisbane and in Queensland's far north. The deal, involving both the Queensland and federal governments, aims to facilitate the construction of at least 20,000 homes specifically for first-time buyers. This funding will support essential infrastructure such as roads, water, and power, significantly boosting housing supply in the region.
- ▪The investment totals $2.4 billion, including $800 million in grants and $1.6 billion in interest-free loans.
- ▪The initiative aims to build 51,000 new homes, with a focus on first home buyers.
- ▪Priority development areas include Waraba, Southern Thornlands, and Mount Peter.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at The Sydney Morning Herald.