With extremely low rental vacancy rates causing increased cost for tenants, and a lack of supply, Member for Burdekin, Dale Last MP, is confident that a recently announced funding package would provide a range of benefits for the Burdekin.
Funded under the state government’s Residential Activation Fund, the $500,000 grant will allow the Burdekin Shire Council to move forward in implementing their Local Housing Action Plan to increase housing supply across the shire.
“The Burdekin is not immune to the housing crisis with many people facing significant rent increases and some families resorting to living in sheds because they can’t find rental properties,” Mr Last said. “The beauty of increasing housing supply is that it puts downward pressure on rent, and it gives people choices.”
“Without doubt the lack of supply, and its effects, means some residents have moved away and some potential newcomers have chosen somewhere else to live. It is vitally important that we have a plan in place when it comes to housing to ensure that we get it right the first time because that means we achieve the outcomes we need more quickly.”
“Trunk infrastructure like water, sewerage and roads makes up a large portion of the costs of opening up new housing and it can be a big ask of councils to bear those costs. Not only does the Action Plan help reduce uncertainty and expedite approvals, but it also makes it easier for Council or a developer to seek assistance from the state government to meet those infrastructure costs.”
Mr Last said the Residential Activation Fund would unlock more than 6,200 new homes across the Burdekin electorate to help to address a drop in housing lot approvals of almost 30% across Queensland over the last 10 years.
“In the lead up to last October’s election, housing was one of the big issues that people wanted to see addressed,” Mr Last said. “The Residential Activation Fund is a $2 Billion fund that is solely focussed on supporting local government and developers in delivering more homes for Queenslanders.”
“At least half of the fund will be spent on projects in regional Queensland and, so far, the regional areas are leading the way in terms of the number of applications. That commitment to regional Queensland is deliberate because the government understands that regional Queensland is a great place to live.”
“Unfortunately, we are a long way behind when it comes to supplying enough residences in Queensland. By restricting the Fund to work that will produce a tangible result in the next 2 or 3 years, the state government plays a major role in creating places for people to live, jobs for our tradies and confidence in our region’s future.”
“The Residential Activation Fund is a key part of the government’s commitment to work with local government, not-for-profits and stakeholders to deliver more Queenslanders a place to call home. Funding planning and infrastructure, building more social housing and making it easier for not-for-profits to build lower cost housing are all ways that we will address the housing crisis and increase supply to reduce rental price increases and support Queenslanders no matter where they live.”