Property

Strings attached to new $3.8b housing infrastructure fund

Pattrick Smellie
Tue, 23 Mar 2021

Much of the pressure on inner-city land prices already reflect developers’ desire to buy large sections where existing houses can be demolished and replaced with multiple homes or apartments.
Pattrick Smellie
Tue, 23 Mar 2021
Local councils wanting access to the new $3.8 billion fund for developing ‘build-ready’ land will first have to show commitment to the government’s drive for urban intensification.The fund, announced today as part of the government's housing package, will offer councils funding as grants rather than loans, the first time such a free-handed approach has been taken by central government to local infrastructure “since the 1960s or ‘70s”, according to housing minister Megan Woods.However, to qualify for fundi...

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