The $2.4 billion deal will fund base infrastructure such as roads, water, power, and sewerage. It is made up of $800 million in grants funded 50-50 between Queensland and the commonwealth, and $1.6 billion in commonwealth interest-free loans for councils and developers. The Albanese government said their contribution delivered on federal Labor’s election promise to build 100,000 homes for first-time buyers. Bleijie said the deal focused on priority development areas (PDAs) in Waraba, near Caboolture, and Southern Thornlands, in the Redland region, as well as
Mount Peter, near Cairns, although he expected there would be flexibility to reroute the money into other high-growth areas. Property Council Australia’s Queensland executive director Jess Caire welcomed the announcement, and said in a statement that the choice of PDAs reflected the scale and pace of growth in the state.
Queensland housing, infrastructure funding, Albanese government, property development, Waraba, Mount Peter, Southern Thornlands