Queensland Streamlines Development Approvals to Boost Housing Supply

Queensland fast-tracks affordable housing developments to address supply shortage and improve affordability for residents.

author-image
Geeta Pillai
Updated On
New Update
Queensland Streamlines Development Approvals to Boost Housing Supply

Queensland Streamlines Development Approvals to Boost Housing Supply

The Queensland government has announced a new streamlined approvals process to fast-track housing developments that align with state priorities, including diverse and affordable housing. The initiative, part of the government's 'Homes for Queenslanders' plan, aims to get new homes built faster to meet the growing demand in the state.

The newly established State Facilitated Development (SFD) team will prioritize projects featuring affordable housing, especially for low to moderate income households. By reducing bureaucracy and red tape, the government hopes to accelerate the delivery of much-needed housing supply.

Why this matters: Queensland's housing market has been under pressure due to population growth and limited supply. This initiative could help alleviate the housing shortage and improve affordability for residents.

Industry players have welcomed the move. Villawood, a prominent developer, sees it as an opportunity to bring forward innovative housing developments that deliver diverse and affordable options. The Planning Institute of Australia has also expressed support for the streamlined process.

Queensland's Deputy Premier and Minister for State Development, Steven Miles, emphasized the importance of this initiative: "By prioritizing projects that deliver affordable housing, we can ensure that more Queenslanders have access to a place to call home. This streamlined approvals process will help us get there faster."

The SFD team will work closely with developers to identify and support projects that meet the state's housing priorities. The government expects this collaborative approach to result in a significant boost to housing supply in 2024 and beyond.

Key Takeaways

  • Queensland govt announces streamlined approvals to fast-track affordable housing.
  • New State Facilitated Development team to prioritize affordable housing projects.
  • Initiative aims to address housing shortage and improve affordability in Queensland.
  • Industry welcomes the move, seeing it as an opportunity for diverse housing.
  • Govt expects significant boost to housing supply in 2024 and beyond.