It was with great relief that the Queensland State Budget did not replicate Victoria’s property tax hikes and instead provided a $1.8 billion boost to social housing. The Property Council appreciates that broader supply and affordability issues cannot be addressed in one budget, we maintain that the Government needs to remain focused on unlocking supply through catalytic infrastructure investment and support more investment in Build-to-Rent programs.

While there was $200 million provided in Works for Queensland funding to create maintenance and minor infrastructure works in regional areas, there was no additional funding provided for the Building Acceleration Fund (BAF).

To see our Advocacy Alert on this year’s budget, please click here.

To see Property Council’s media release, please click here.