A public developer to build 100,000 well designed homes to rent or buy, available to all
Labor and the LNP have left the supply of homes up to private developers who make bigger profits the more house prices and rents go up. Since Labor came to power in 2015, the number of social housing homes per Queenslander is down 10%, with 45,000 people with high and very high needs now on Queensland’s social housing waiting list.
The Greens have a plan to break the boom-and-bust chokehold that for-profit developers, investors, and banks have over housing supply, and clear the social housing waitlist in just four years.
Publicly owned property developer
Private developers are sitting on 99,000 Council-approved home sites,1 but refusing to build, worsening the housing crisis and causing widespread insolvencies in the construction industry. The Greens will get the government back in the business of building homes directly, creating a steady pipeline of work for builders and providing quality public homes for ordinary Queenslanders to rent and buy.
Our plan:
- Create a publicly owned property developer to buy land and invest $60 billion in the construction of 100,000 well-designed public homes over six years
- Of these homes, 70% would be available to rent and 30% to buy. They’d be available to all Queenslanders, except those who already own a home
- Rents would be set at 25% of household income, and first home buyers would save $225,000 off the purchase price of an average home.
You can read more about our plan for a publicly owned housing developer here.
Bigger, Better QBuild
Queensland needs more homes and more qualified tradies to build them. Private building companies are under pressure, and new construction apprenticeships have fallen by a third in just a year.
The Greens will revive Queensland’s public construction company, QBuild, by:
- Creating 10,000 new jobs, including 7,000 trade positions and 3,000 apprenticeships
- Investing $500m in new equipment & workshops
- Reversing privatisation, phasing out outsourcing at QBuild and directly employing tradies and apprentices to build public homes
- Creating a $500m fund to buy out insolvent construction firms to stop capacity leaving the sector.
You can read our full plan for a bigger and better QBuild here.
All our plans are fully costed
The Greens’ policies are fully costed, and we will fund our plan by making big mining corporations finally pay their fair share of tax.
Our plan creates short, medium and long-term sources of revenue including:
- Raising the base rate of mining royalties to 35% on coal, gas and other minerals: $61B over four years (while reducing exported emissions by 28%)
- Winding back fossil fuel subsidies: $1.6B per year
- Creating a Public Bank with a modest return to government: $160m per year
- Establishing a public mining company, Queensland Minerals: $500m per year 2030 onwards.