QLD housing infrastructure deal welcomed by Master Builders
The Commonwealth and Queensland governments have each committed $399 million in grants for housing infrastructure. Master Builders Australia has welcomed the funding deal.
$399 million in grants from both Commonwealth and Queensland Governments ($798 million total)
What's in the new QLD housing infrastructure funding deal?
Increased housing infrastructure funding in QLD may boost construction workloads for local trades operators.
Key takeaways
- Commonwealth and Queensland will each provide $399 million in housing infrastructure grants.
- The combined $798 million funding deal has received support from Master Builders Australia.
- The grants aim to deliver housing infrastructure across Queensland.
Related
Queensland building leader Jodie McKenna crowned HIA Building Woman of the Year
The 12th annual HIA Queensland Building Women Awards recognised outstanding women in the home building industry. Jodie McKenna, a Queensland building leader, took out the top honour of Building Woman of the Year.
Why it matters: Builders and construction businesses in QLD may note industry recognition programs highlighting leadership and workforce diversity in the trades sector.
Queensland to invest $95M to fast-track 4,900 new homes
Queensland is investing $95M through its Residential Activation Fund Round 2 to build trunk infrastructure and deliver 4,900 new homes across North Queensland.
Why it matters: Builders, plumbers, and electricians in North Queensland can expect a surge in residential project work as infrastructure is laid and new housing construction ramps up.
New funding opened for Class 1 housing projects
Housing Australia has opened a new funding stream aimed at speeding up delivery of social and affordable Class 1 housing projects. Details on funding amounts and eligibility criteria were not specified in the article.
Why it matters: Builders and related trades such as plumbers and electricians may see increased project pipelines if social housing developments ramp up under the new funding.