Housing Investment Fund to deliver another 92 homes

• Palaszczuk Government’s $2 billion Housing Investment Fund will deliver another 92 social and affordable homes in Chermside
• Demolition will begin soon on site for a new development near the Prince Charles Hospital
• Homes are being delivered through a partnership between Brisbane Housing Company (BHC) and Queensland Investment Corporation (QIC), supported by the Palaszczuk Government

Another 92 social and affordable homes will be constructed in Chermside under a partnership between Brisbane Housing Company and QIC, funded through the Palaszczuk Government’s signature $2 billion Housing Investment Fund.

The project will deliver 46 new social housing units and 46 new affordable housing units.

Demolition will soon begin on site, with four existing older homes being demolished to make way for the new 92-unit development.

Construction is anticipated to begin later this year and tenanted from mid-2025.

The development is the fourth project to be announced through the Housing Investment Fund in partnership with BHC and QIC, including another 34-unit project being constructed in Chermside, and a proposed development of up to 81 units in Woolloongabba which has an approved Ministerial Infrastructure Designation.

Already, more than $479 million in project funding has been approved under the HIF, while another 71 proposals have been shortlisted to progress to the next stage of assessment under the HIF.

To date, more than 1,600 social and affordable homes have been approved for funding under the Housing Investment Fund.

The units are among 5,600 new social and affordable homes to be delivered, in construction or under contract through the Housing Investment Fund by mid-2027.

Quotes attributable to Minister for Housing Meaghan Scanlon:

“Our Housing Investment Fund is going full steam ahead, with a solid pipeline of projects now in construction or about to start construction.

“These 92-units I’m announcing here today join the 34 units already under construction nearby in Chermside.

“All units will be built to silver or gold accessibility, with the new social homes aimed at people at risk of homelessness, women and children escaping domestic violence, First Nations people, single older women, families, young people, seniors and people with disability.

“The Housing Investment Fund means we can work with industry to fund more projects, and that Queenslanders will be able to continue to access critical funding for housing projects not just now but into the future.

“It’s disappointing to see the similar, Housing Australia Future Fund voted against by the LNP– a proposal that now provides funding certainty for up to 30,000 homes into the future.”

Quotes attributable to Member for Stafford Jimmy Sullivan:

“It’s great to see another project underway here in Chermside being funded through the Housing Investment Fund.

“These homes are located centrally to public transport, the Prince Charles Hospital, health facilities and shopping, including the Westfield Chermside shopping centre.

“These homes will provide housing for households from the social housing register here in Chermside and housing for local lower-income workers who are employed in the nearby retail, health and administrative services precincts.

“Construction will also provide a boost to the local economy during construction supporting 95 full-time equivalent construction jobs.”

Quotes attributable to BHC Chief Executive Officer Rebecca Oelkers

"These 92 new homes, being delivered under the QIC-BHC Housing Investment Fund partnership, are a crucial addition to Brisbane’s social and affordable housing supply.

“BHC is thrilled to announce this fourth project under our Housing Investment Fund pipeline, delivering up to 1,200 new social and affordable homes for Queenslanders.

“We recognise the Queensland State Government’s commitment to supporting BHC to bring these well-located new affordable homes to life across Brisbane and the South East.

“Together we are building strong and inclusive communities and ensuring that all Queenslanders have a safe place to call home.”

Further information:

Anyone who needs housing assistance can contact their local Housing Service Centre during business hours or call the 24/7 Homeless Hotline on 1800 474 753.

ENDS

Media contact: Francis Dela Cruz - 0420 592 078