- Much attention along the Gold Coast is drawn towards luxury developments
- $1.9B will be spent on affordable housing across Queensland over the next four years
- Will boost number of affordable houses by 10,000
And now for something completely different.
Regularly here at The Property Tribune, we report on numerous luxury developments along the Gold Coast.
This year alone has seen significant volumes of site acquisitions by developers, as has the sale of premium apartments. In just one quarter this calendar year, $787 million worth of new apartment sales were recorded – typically, what is seen during a year.
A two-level penthouse in Coolangatta was purchased by an American buyer for $8.15 million – the highest ever recorded for an apartment, villa or unit south of Mermaid Beach.
Despite this frenzied luxury activity, the Queensland government has announced an affordable housing project along Eugaree Street in Southport.
The project, which will be done in partnership with Community Housing (Qld) Limited (CHQL), a registered not-for-profit community housing provider, will deliver seven two-bedroom and one-bedroom units designated as affordable housing.
The state government will contribute more than $2.3 million to fund the construction of the units on land that has been supplied by CHQL.
The project represents a small drop given $1.9 billion has been committed over the next four years to increase social housing stock by 10,000.
“This is the largest concentrated investment in social housing in Queensland’s history and will increase the supply of social and affordable housing by almost 10,000 homes over the life of our Housing Strategy, including 7,400 new builds over the next four years,” said Leeanne Enoch, Minister for Communities and Housing.
“The new housing project in Eugaree Street in Southport, is an example of how we are working with the community housing sector to provide more social and affordable housing in Queensland, supporting the community housing sector with a streamlined operating framework and a better focus on responding to community need.”
Leeanne Enoch, Minister for Communities and Housing
The local member for Gaven, Meaghan Scanlon, said the apartments will be a great boost to those locals in need.
“All of the apartments will be designed to new benchmark standard with one designed to a Platinum standard that will accommodate full wheelchair accessibility,” Ms Scanlon said.
“Our Government is partnering with CHQL for the delivery of another 37 affordable housing units and three specialist disability accommodation units in Pohlman Street, Southport, providing much-needed homes for the Gold Coast community.”
Completion is expected mid-2022, whereupon CHQL will provide tenancy and property management services.
CHQL has also been contracted to deliver a further 30 affordable housing units and three specialist disability accommodation units in the fellow Gold Coast suburb of Miami.
“CHQL is delighted to be partnering with the Queensland Government in this project,” said Ms Paterson-Fleider, the Queensland state manager for CHQL.
“These new homes will provide people with much needed safe, secure and affordable homes on the Gold Coast enabling them to live a good quality of life and maintain local connections.
Frances Paterson-Fleider, the Queensland state manager for CHQL
“These will provide safe and secure homes for single people, couples, or families in need of quality affordable accommodation that is well located to services and employment opportunities in Southport.”
