The Treasury has announced two more procurement processes under its Build-to-Rent Program.
The affordable housing projects are set to be built in inner Brisbane.
Treasurer, Cameron Dick said that in addition to creating more housing close to the central business district, the Build-to-Rent projects would drive more economic activity and create construction jobs as part of the Economic Recovery Plan for COVID-19.
“We know that secure, suitable housing can be vital to having a secure job, which is why I am so pleased we will be able to double the number of Build-to-Rent projects around the Brisbane CBD,” Mr Dick said.
“For the first time, we are able to offer a Build-to-Rent site on State-owned property, the site of the former Children’s Court at 50 Quay Street.”
He said the Treasury was also beginning an expressions-of-interest process for another Build-to-Rent inner city Brisbane development with an affordable housing component on a suitable privately-owned site to be identified by the successful proponent.
“These projects are in addition to the Frasers Property’s development at 210 Brunswick Street and Mirvac’s development at 60 Skyring Terrace, which we approved last year,” Mr Dick said.
“Having completed the highly successful first market process under the project in October, the time is right to begin expanding this project with further opportunities.”
Build-to-Rent involves the Government partnering with the private construction sector to deliver lower-cost rental housing which can assist key workers find homes close to their employment, the Treasurer said.
