Build-to-Rent developer sought to transform former court site


Two new affordable housing projects are set to be built in inner Brisbane after the Palaszczuk Government started two more procurement processes under its Build-to-Rent Program.

Treasurer Cameron Dick said that in addition to creating more housing close to CBD jobs, the new Build-to-Rent projects would drive more economic activity and create construction jobs around the CBD as part of the Palaszczuk Government’s 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 the Government will be able to double the number of Build-to-Rent projects around the Brisbane CBD,” the Treasurer 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.

“We’re also commencing an EOI 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 Build-to-Rent projects are in addition to the Frasers Property’s development at 210 Brunswick Street and Mirvac’s development at 60 Skyring Terrace, which our Government approved last year.

“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.”

The EOI will provide prospective participants the opportunity to demonstrate their suitability to be part of this innovative project in either transaction.

For the state-owned transaction, the State is offering the surplus State site at 50 Quay Street and a rent subsidy for the successful bidder to deliver an affordable housing component within their Build-to-Rent development.

For the privately-owned site transaction, the State will yet again be offering a targeted rental subsidy which will facilitate an affordable housing component within the successful bidder’s Build-to-Rent development.

“Through these two processes, the continued fostering of Build-to-Rent is expected to attract different investment and financing markets to residential property development and deliver a better living environment for future tenants and surrounding area,” the Treasurer said.

Minister for Communities and Housing, Minister for Digital Economy and Minister for the Arts Leeanne Enoch said both the State-owned site transaction and the privately-owned site transaction reflects the Palaszczuk Government’s dedicated commitment to providing affordable housing in Queensland.

“We provide a person-centred approach and access to safe and secure housing, which is critical to delivering quality living standards for Queensland workers and families,” Ms Enoch said.

“The Build-to-Rent Program will form part of Queensland’s economic recovery, helping provide quality affordable housing, for inner Brisbane workers and continue to bolster the local construction industry, supporting hundreds of vital local jobs.

“Build-to-Rent is part of our $1.8 billion Queensland Housing Strategy, which will deliver 1,034 new affordable homes and 4,522 new social homes across Queensland.

“By working with the private sector, the Palaszczuk Government will be able to achieve good value delivering affordable rental housing while stimulating much needed investment in the construction and property industries.”

Expressions of Interest for both Build-to-Rent projects open Friday 15 January.

Further information about the Build-to-Rent Pilot Project can be found at:

Treasurer and Minister for Investment
The Honourable Cameron Dick

Business Infrastructure & Construction Political Property & Real Estate Queensland Government

Cameron Dick, Queensland Government, Treasurer and Minister for Investment :
1 William Street, Brisbane Qld 4000, Queensland Wide
Cameron Dick, Queensland Government,  Treasurer and Minister for Investment
Showing 10+ recent articles for this business
Build-to-Rent developer sought to transform former court site 15 January 2021 | Two new affordable housing projects are set to be built in inner Brisbane after the Palaszczuk Government started two more procurement processes under its Build-to-Rent Program. More information...
$9.6 million in further funding to disaster proof 05 October 2020 | Communities from the Torres Strait to the Gold Coast will benefit from an almost $9.6 million investment in projects to improve local disaster resilience and risk reduction. More information...
More funding to help Queensland communities 05 October 2020 | $1,610,000 to improve and create new links within a priority section of Noosa’s hinterland trails network in Noosa Shire Council More information...
Build-to-Rent developers locked in to boost affordable housing options 03 October 2020 | The Palaszczuk Government has secured agreement with two leading national builders to develop the first two affordable housing projects under the Build-To-Rent program. More information...
Time for LNP to come clean on secret list of cuts 01 October 2020 | Treasurer Cameron Dick has called on Deb Frecklington to come clean with her secret list of cuts so Queenslanders know what they are facing before they go to start voting. More information...
Palaszczuk Government drives jobs and industry growth through reduced landfill 26 September 2020 | The Palaszczuk Government is investing nearly $27 million in recycling projects that will create jobs and support businesses in the resource recovery sector while reduce the amount of rubbish sent to landfill. More information...
$2 million for disaster resilience projects that protect and educate 23 September 2020 | Queensland’s 77 councils and one town authority will share in $2 million to better prepare for natural disasters as part the 2020-21 Get Ready Queensland program. More information...
Seasonal worker funding package part of Wide Bay economic recovery plan 22 September 2020 | The Treasurer said the funding package would support up to 500 jobs and ensure our thriving agriculture sector remains a vital part of Queensland’s recovery. More information...
Palaszczuk Government takes women on boards target to new heights 21 September 2020 | Following the latest appointments and reappointments to Queensland Government boards, the Palaszczuk Government has exceeded its 50 per cent women on boards target. More information...
Frecklington must outline cuts to Wide Bay 22 September 2020 | Treasurer Cameron Dick has today called on Deb Frecklington to outline what cuts she will make in the Wide Bay region, to pay for the LNP’s $23 billion in unfunded promises. More information...

comments powered by Disqus

All articles submitted by third parties or written by My Sunshine Coast come under our Disclaimer / Terms of Service