The Property Council, Urban Development Institute of Australia (UDIA) and Housing Industry Association (HIA) have written to the Minister for State Development, Manufacturing, Infrastructure and Planning to advocate for a new approach to catalyst infrastructure funding.

The proposed funding is designed to buffer the property and construction industry from the economic impacts of COVID-19. Funding the development of catalyst infrastructure would create jobs in the short term and unlock private investment in the longer term.

Under the proposal, the government would provide:

  • $500 million fund to supercharge direct investment in catalyst infrastructure across the state, and
  • an additional, $100 million to be allocated across the already established Catalyst Infrastructure Fund and Catalyst Infrastructure Program.

The delivery of catalyst infrastructure enables private sector spending on housing, construction and smaller-scale non trunk infrastructure.

To view the full proposal, please click the link below.