There will be 118 new social and affordable homes, aimed at seniors and empty nesters, built on Brisbane’s northside under the Queensland Government’s $1 billion Housing Investment Fund.
Treasurer and Minister for Trade and Investment, Cameron Dick, said the projects at Sutton Street, Redcliffe, and Ethel Street, Chermside, were part of the largest investment in social and affordable housing in the state’s history.
“This project at Redcliffe will comprise 84 single bedroom apartments in a combination of affordable and social housing,” said Mr Dick.
“They’ll be aimed at seniors and empty nesters looking to downsize, which is exactly the right market here on the peninsula.
“That will then free up more properties for larger families, increasing the benefit provided by the HIF,” he added.
The Chermside development will offer a different mix to suit a different area, with 28 one-bedroom and six two-bedroom units.
“These developments at Redcliffe and Chermside are just the first of many that will be delivered under the HIF,” he said.
The Redcliffe development will start early works later this year, with tenants able to move in from September 2024.
Construction on the Chermside site will begin before the end of the year, with first tenants to move in by September 2023.
Minister for Communities and Housing, Leeanne Enoch, said the projects would be delivered by leading community housing provider BHC.
“The Palaszczuk Government is backing the largest concentrated investment in social housing in Queensland’s history – $2.9 billion in funding, including $1.9 billion over four years for the new Queensland Housing Investment Growth Initiative (QHIGI),” she said.
“The Queensland Housing Investment Growth Initiative is a key component of the Action Plan and will deliver accelerated supply of 7,400 social and affordable housing homes.”
Minister for Health, Yvette D’Ath, said her local development will target seniors and downsizers.
“This affordable housing project will help hundreds of Queensland seniors, allowing them to maintain independence while reducing cost-of-living pressures,” she said.
