Intersection upgrade part of highway safety upgrades miragenews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from miragenews.com Daily Mail and Mail on Sunday newspapers.
Minister for Transport and Main Roads The Honourable Mark Bailey
The southern commute into Cairns just got quicker with the $123.7 million Bruce Highway – Cairns Southern Access Corridor – Stage 4: Kate Street to Aumuller Street (K2A) project now open.
Deputy Prime Minister and Federal Infrastructure Transport and Regional Development Minister Barnaby Joyce said for the first time since August 2018, the barriers and bollards have come down to reveal a new, six-lane stretch of the Bruce Highway between Links Drive (formerly Kate Street) and Aumuller Street.
“The completion of the K2A project is a significant achievement for Far North Queensland,” the Deputy Prime Minister said.
Australia’s Federal Infrastructure Budget for 2021
The Australian government has announced an additional $15.2 billion in new infrastructure funding in the 2021-22 Budget to help aid economic recovery from the CCP virus pandemic.
The additional funding adds to the $110 billion 10-year building plan investment that already formed part of the National Economic Recovery Plan which the government says will support around 30,000 jobs across the country.
Nation-building projects were the focus of the infrastructure spending, with a $1 billion boost for the Local Roads and Community Infrastructure Program, bringing the total commitment to $2.5 billion, and another $1 billion to the now $3 billion Road Safety Program.
MacroBusiness
Access Subscriber Only Content
at 2:00 pm on May 12, 2021 | 20 comments
CoreLogic’s head of research, Eliza Owen, has released a note explaining the federal budget’s housing policy changes:
Housing affordability is becoming an increasing concern for first home buyers and policy makers amid recent, rapid price increases. But the double-edged sword of reducing housing values to make them more affordable, is that housing also makes up the majority of Australian household wealth; make housing more affordable for one Australian, and we risk reducing the wealth for another.
In contrast to the Labor party platform of reducing housing demand through the 2016 and 2018 elections (via reducing or removing incentives for housing investors), the federal government have utilised a different approach to boosting the rate of home ownership. They focus on increasing accessibility of mortgages, rather than risking any downward pressure on residential property prices.