Philanthropists, banks – and now institutions are eyeing social housing as a lucrative property investment option, with one of the biggest industry super funds confirming it will investigate a $300 million State Government carrot.Technorati Profile Read More »
Tag Archives: social housing
A MAJOR but confidential Expression of Interest campaign seeking residential rental properties - believed to be for the government’s affiliated affordable and social housing agencies – has closed after almost six months.
The advertisement sought 400 unoccupied dwellings nationally, configured as motel rooms, blocks of flats, disused retirement villages, and clusters of units and houses.
The mystery tenant is offering 12 month leases with renewal options of up to five years on a case by case basis.
THE federal and state governments are continuing to buy development sites and vacant properties that it can convert into public housing.
It has recently acquired two prominent properties in the seaside hamlet of Wonthaggi, about 132 kilometres south-east of Melbourne.
In the highest profile deal, the government outmuscled developers and operators for the former Golf Links Hotel, which is set to be redeveloped into a major rooming house.
At another site at 7 Mortimer Street, near the Wonthaggi town centre, a vacant block offering picturesque views over the Wonthaggi Golf Course and Bass Strait is also set to make way for a new commission flat complex.
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THE Federal Government’s contentious plan to build record amounts of commission flats and social housing around your streets, and without proper community consultation – seems to finally have caught the attention of the wider community.
Despite anger in some States that details about the mass roll-out of commission flats have been deliberately kept from the community – the State ALP governments are pushing ahead with major public housing projects.
State governments need to do so in an attempt to collect part of the massive taxpayer-funded $5.6 billion the Federal ALP government has allocated to the initiative, for projects completed before a 2012 deadline.
Government Tells Community to be Tolerant as Brisbane, Gold Coast, Sunshine Coast All to Receive More Social Housing
A RECORD number of social housing is being developed in Queensland this year, as part of the Federal Government’s recent stimulus package.
And the ALP State Government has said it won’t let protesters get in the way of construction.
The Courier Mail reports about 3000 units worth $1.1 billion are set to be developed in the State.Read More »
BRISBANE City Council approved several high density projects this week, including another public housing block.
One of the biggest approved proposals, is Meriton's 77-level apartment tower on Herschel Street, in the city's North Quay precinct.
The council also approved a 15-storey commercial office at 949 Ann Street, in Fortitude Valley, proposed by businessman Kevin Seymour, and a major proposal by Queensland-based Watpac, for more stages of its Waterloo Junction development, being redeveloped on the site of the Waterloo Hotel.
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ALMOST 50,000 people are on waiting lists for public housing in New South Wales, making it the worst performing state in Australia.
According to a new report from the Australian Institute of Health and Welfare, NSW also recorded the highest rate of “over-crowding and under utilisation” in the country.
It said some households have had to wait more than two years for a home.
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The Federal Government yesterday released this statement, related to the development of more national public and community housing:
The Australian Government today announced that it has approved over $5 billion worth of projects under the Nation Building Economic Stimulus Plan Social Housing Initiative.
The $4.546 billion allocated as Stage Two follows $692 million of projects approved under Stage One in April.
These projects are the biggest ever investment in social housing in Australia.
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AUSTRALIA’s most populated state will make way for the biggest chunk of public housing, promised by the Federal Government as part of the recent stimulus package.
At least 48 projects across New South Wales have been identified, as the first projects in part of a $2.9 billion public housing building boom for the State.
Developments are set to be developed around Sydney, Lake Macquarie, Ulladulla and Far South Coast.Read More »
FOURTEEN per cent, or one in seven dwellings within the City of Yarra council zone is now allocated as public housing.
According to council, there are 5039 public homes out of 35,960 dwellings within the council area – which encapsulates inner-city suburbs of Abbotsford, Carlton North, Collingwood and Clifton Hill.
This compares to mid-2006, when 4923 dwellings (or 13 per cent of homes) were allocated as public housing.
The number of social dwellings is set to surge within the council area – and throughout metropolitan Melbourne and Victoria - according to agents, architects, builders and planners who agree a commission flat building-boom is starting.
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