Palaszczuk Government steps in to save affordable homes

Published Wednesday, 29 March, 2023 at 09:59 AM

Treasurer and Minister for Trade and Investment
The Honourable Cameron Dick

  • Up to 335 homes will be saved as social and affordable housing in Townsville and SEQ

  • These homes would otherwise have been lost from the pool of affordable properties once they exit the soon-to-be closed National Rental Affordability Scheme

Funding from the Palaszczuk Government’s $2 billion Housing Investment Fund will secure housing in Townsville and across South-East Queensland through a partnership with community housing provider, National Affordable Housing.

National Affordable Housing will buy up to 335 individual properties that investors have elected to sell once they exit the Federal Government’s soon-to-be closed National Rental Affordability Scheme.

Over 50 homes are already under contract, with the purchase of up to 100 properties to settle across the second half of 2023.

Properties to be saved will be a mix of detached housing, townhouses, duplexes and apartments.   


Quotes attributable to the Premier and Minister for Olympic and Paralympic Games:

“The impending closure of the National Rental Affordability Scheme means now is the time to act.

By purchasing these homes, we can provide peace of mind for existing residents and homes for households from the social housing register where properties are vacant.

Securing these homes is another way my Government is providing a fair go for renters.


Quotes attributable to the Treasurer and Minister for Trade and Investment Cameron Dick:

With private housing supply at capacity, we are constantly looking for innovative ways to keep vulnerable Queenslanders in homes.

That includes securing existing dwellings.

The Housing Investment Fund gives us the means to support more of these types of proposals, which are one of the quickest ways to address housing need.  

The current round of the Housing Investment Fund is focussed on supporting ‘ready to proceed’ projects that involve either new construction or existing dwellings on privately-owned sites.

Expressions of Interest are open until 2pm (AEST) on 8 May 2023.

Further information on the Queensland Government’s $2 billion Housing Investment Fund, including the new Private Site Invitation, can be found on the Queensland Treasury website.


Media contact: Geoff Breusch 0417 272 875