Queensland seeks housebuilders for $2bn fund

The Queensland government has issued an expressions of interest (EoI) seeking private sector investors and housebuilders that have ready-to-go social and affordable housing projects.

Credit: Queensland Government

Treasurer and Minister for Trade Cameron Dick has launched the EoI, seeking parties that could benefit from the Australian state’s $2bn Housing Investment Fund (HIF).

Through the initiative, the government is looking to invest in projects to speed up their development, and is keen for private partners that already have privately owned land to come forward with affordable and social housing projects.

“This is an opportunity for quality, market-ready housing projects on privately owned sites to be supported by the HIF to deliver more affordable and social housing for Queenslanders, either through new construction or the repurposing of existing dwellings,” said Dick.

The model is an inversion of a typical PPP, where the public sector often has the land but not the capital to deliver such projects.

For more information on Queensland’s HIF, including access to the EoI, click here.