A two-year, $70 million Government program to offer low-cost rental lodging in Brisbane is yet to produce a single home, with Treasurer Cameron Cock saying the hold-up is due to the coronavirus pandemic.
Bottom line:
- The ‘Build-to-Rent’ plan partners with the private sector to deliver low-rental homes
- Low-income households are experiencing substantial housing tension, QCOSS says
- More than 5,000 households are on the social real estate wait list in the Brisbane council area
The multi-million-dollar ‘Build-to-Rent’ scheme was exposed by the Queensland Government in December 2018, to partner with the private sector in providing low-rental houses in high-rental locations, like inner-Brisbane.
Designers were asked to develop residential or commercial properties on privately-owned land, with the Federal government to then subsidise rental payments.
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