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Construction on more than 6000 homes will start over the next four years as part of a $2.9b social housing investment that's been heralded as a beacon of hope for Queenslanders at the centre of the state's property crisis.
While Treasurer Cameron Dick conceded the funding would not clear Queensland's surging waitlist, which hit 26,397 in September last year, he said it would turbocharge construction and provide critical services.
The government will spend $1.9b to implement the Housing and Homelessness Action Plan 2021-25, which will be delivered as part of the current Queensland Housing Strategy 2017-2027.
This will increase housing supply, upgrade existing dwellings and deliver other crucial services to vulnerable Queenslanders.