Budget 2021: Queensland Invests $1bn in Housing Fund

The Queensland government plans to establish a $1 billion housing investment fund according to its 2021-22 budget.

The fund is expected to generate $160 million in four years which will be used to “drive new supply to support current and future housing needs”.

The budget detailed further investment in social housing including $1.8 billion to increase the supply of social housing over four years with $30 million to be spent on fast-tracking these projects this year alone.

This funding along with hospital expansions, new schools in rapid growth areas, infrastructure and a hydrogen feasibility study were some of the key highlights in the state budget. Continue here

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