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The Queensland government will bolster its Housing Investment Fund (HIF) to $2 billion, effectively doubling the financing for the building of 13,000 new dwellings in the state.
Premier Annastacia Palaszczuk unveiled the $1 billion investment boost as she hosted an emergency housing crisis summit on 20 October.
During the event, over 100 representatives from governments, social services, charities, property and construction sectors came together to address critical issues, including unlocking land and housing supply, fast-tracking social housing, as well as the need for collaboration on housing by all levels of government and the private sector.
According to Ms Palaszczuk, the increased investment would help more Queenslanders get into new homes at a faster rate.
“To tackle the housing challenge being faced right across Australia, we need to find short-term solutions and create longer-term strategies to address supply.”
“This increased investment means we are now
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