To spur construction of units, multi-complexes and housing estate developments in the Western Downs, Council has approved an impressive $1 million strategy designed to incentivize new and pending housing and housing development applications to reach their completed milestones.
Housing availability is a hot issue across the country, and particularly in the Western Downs where record high migration rates in consecutive quarters, a growing local economy and a positive development horizon demonstrate that the region is a desirable place to live, work and invest.
The Council aims to stimulate the construction of multi-unit (unit) and housing estate developments by offering generous application fee rebates and reduced infrastructure fees to approved developments.
The Mayor of Western Downs Regional Council, Paul McVeigh, said the move was a remarkable commitment to the region and one that would strengthen Western Downs’ ability to grow to meet new opportunities and ongoing projects.
“We believe people are choosing to live and migrate to areas with high responsibility and work opportunities, two things we know this region has in abundance,” he said.
“This is an exceptional initiative that will address the impact of the national housing shortage in our region.
“The support this incentive will provide is not just for large developers, the program will be ideal for local residents who may be looking to invest in units or subdivide property in our cities, but are in need of a little extra incentive to invest in. In some cases, this could save the applicant tens of thousands of dollars for each unit completed.
“We want to ensure that developments are in suitable locations, so the incentive will be eligible for applications in our cities’ identified ‘priority infrastructure zone’, as well as areas with flood risk. low or zero.
“This incentive is intended to benefit the entire region, so the $1 million available will be distributed among the districts to ensure that development opportunities can be realized region-wide.
a thoughtful action by Council, designed to provide measured support to meet a need in our community while protecting our local housing and property market.
Dalby Chamber of Commerce and Industry chairman David Briese said it was great to see the Council had made housing availability a priority.
“Opening up land and development opportunities is a key step in the process of reducing the housing shortage,” Mr. Briese said.
Nick King, president of Chinchilla Community Commerce and Industry, said forward-thinking policies that encourage housing development and growth are of great benefit to local businesses, projects and the community’s quality of life.
“Feedback from our members has identified housing availability as a priority issue, particularly with the level of development and expansion this area is experiencing,” King said.