- Queenslanders are suffering because housing is treated as a commodity
- 1-in-5 Queenslanders are in severe financial stress because of unaffordable rents or mortgages
- 20,000 Queenslanders are homeless
- 29,000 are on the social housing waiting list
All Queenslanders should be able to have a home for life, regardless of their social status and regardless of their ability to pay
The Queensland Greens will:
- Establish the Queensland Housing Trust
- Build 200,000 affordable homes in 10 years
- 1 Million Affordable Homes over the next 30 years
- Create 16,000 jobs per year for 10 years
- Funded by a Vacancy Tax and rental revenue
It’s common sense that health care and education are universal and free - because they are basic necessities that we all need to live a good life.
We would never accept the state government turning hundreds of thousands of children away from schools, or people from hospitals, because we hadn’t invested enough in public education or healthcare.
But right now Queenslanders are suffering because unlike education and healthcare, housing is treated as a commodity - something investors, property developers and banks make billions of dollars a year buying and selling. The profits of a few are being put before the dignity of the many.
One in five Queenslanders are in severe financial stress because of unaffordable rents or mortgages. An entire generation are being locked out of the housing market. 20,000 Queenslanders are homeless and a further 29,000 are on the social housing waiting list.
Everyone should have a right to a home - regardless of their ability to pay.
The Queensland Greens Plan for a home for all
A Million Affordable Homes
A new Queensland Housing Trust will be established to finance the construction of one million homes over the next thirty years. In the first ten years, the Queensland Housing Trust would invest $60 billion to finance the construction of 200,000 affordable homes. The revenue raised from the rent on these 200,000 homes would then be invested into the construction of 40,000 homes each year for the next twenty years. Our plan would see the construction of 600,000 homes by 2040 and 1 million homes by 2050. This means not only would the Housing Trust be able to build 40,000 new homes a year just off rental revenue, but it would also generate billions in annual revenue.
16,000 jobs per year for 10 years
Based on the jobs figures of the Queensland Labor Housing Strategy, The Queensland Housing Trust would produce 16,198 jobs per year for 10 years.
A Home for Life
This plan ensures that all Queenslanders have a home for life, regardless of their social status and regardless of their ability to pay. Currently, tenants are no longer eligible for social housing once their household income exceeds $80,000. This disrupts communities, reduces people’s capacity to make connections and build community in the neighbourhoods where they live. It also reduces incentives for people to take on higher paid work, for fear of losing their homes.
The Queensland Housing Trust would remove ongoing eligibility checks for all social housing and give tenants a lifetime right to their home once it’s allocated. Rent for households would be calculated based on either 25 per cent of a household's net income, or market rent, whichever is cheaper. A home for life gives people security and safety, allows children to stay enrolled in local schools, and allows people to invest time and effort in their local communities.
The Queensland Greens believe housing should be a universal right. Half of the dwellings (100,000) built within the first 10 years will be universally available to anyone who applies. They will be allocated by lottery. By expanding the social base of the social housing the Queensland Housing Trust would generate substantially more rental revenue.
Universal access will transform access to social housing from being something only available to vulnerable and marginalised people, to something that all Queenslanders should be able to enjoy. This is a model that has been successful in Austria, Denmark and The Netherlands.
The Queensland Housing Trust would be mandated to ensure that new dwellings are modelled on state of the art architecture, and adhere to principles of livability, environmental sustainability and comfort. The Housing Trust would have a mandated commitment to achieving medium density development in metropolitan areas, avoiding unsustainable urban sprawl and overdevelopment.
A significant amount of current property development is of low quality and poor design, primarily because the first concern for property developers is profit maximisation. The Queensland Housing Trust would help create a much higher minimum standard for housing design, eventually forcing other developers to match it.
Democratic Housing and Tenant management models
The Queensland Trust would be mandated to investigate implementing democratic housing a tenancy management models to give people more rights and control in their own home.
Many countries in Europe have implemented universal social housing schemes and it works around the world
Central Fund for Social Housing
Federation of Non-profit Housing Associations
How we are going to fund it
The Queensland Housing Trust will be paid for primarily through long-term government bonds. This will be supplemented with revenue from the proposed increase to mining royalties under our Fair Share plan and the introduction of a tax on vacant properties, which will provide a $10 billion boost during the first ten years of construction. The bonds will be repaid over a period of twenty years, taking advantage of low-interest rates available for public borrowing.
Rents and incomes tend to grow at a faster rate than debt, which means that over the long-term, rental income from the housing stock will easily outpace interest costs and allow for repayment of the initial and ongoing construction costs. As can be seen in the chart below, by 2037 rental revenue is forecast to exceed ongoing building and maintenance costs. By 2049 rental revenue will have paid off the debt in its entirety, leaving an asset which will fund the ongoing construction of 40,000 new houses per year as well as providing significant surplus revenue to the Queensland government.
Further details of how this policy was costed, and long-term cost estimates can be found here.
Housing will be distributed across Queensland according to current numbers of households currently rented in each region, and adjusted to account for vacancy rates and the long-term aim to increase density in Brisbane and South East Queensland. This distribution is indicative only and may change as housing conditions evolve.
|Region||Houses built in first 10 years|
|Central Queensland (inc. Rockhampton)||9,000|
|Rest of Qld / areas of need||7,000|