Big Investment in Social Housing

The Miles Government’s big investment in social housing will see our public housing stock grow to meet rising demand – including here in Mackay

The Miles government will invest another $1.25b into social housing as part of a long term effort to add another 53,000 properties around the state.

This is going to require a big, ongoing effort and will help support secure local construction jobs for years to come.

It follows another series of announcements aimed at helping renters, including the banning of rent bidding to stop renters feeling pressured to put in offers above the publicly listed asking price.

We’re also establishing a portable bond scheme allowing tenants to transfer their bonds when relocating from one rental property to another.

While this scheme is being established, a Bridging Bond Loan product will be introduced to assist households to afford the upfront cost of a new bond, pending release of their old bond.

And a new rental sector Code of Conduct will be explored with all parties to crack down on dodgy and unprofessional practices and ensure better protections for renters.

Additionally, we’ve also announced a big 20% funding increase for local organisations that work to reduce homelessness, like St Vincent De Paul.

These initiatives are all part of our five pillar housing plan:

📌Building more homes

📌Supporting renters

📌Helping people into home ownership

📌Deliver more social homes, and

📌Working towards ending homelessness