QLD ‘Build-to-Rent’ scheme fails to produce a single affordable home
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While 5,000 Brisbane households languish on the social housing wait list, the Queensland Government’s $70 million ‘Build-to-Rent’ scheme, which partners with the private sector to deliver low-rental homes, has failed to deliver a single affordable home:
The multi-million-dollar ‘Build-to-Rent’ scheme was revealed by the Queensland Government in December 2018…
Developers were asked to build properties on privately-owned land, with the Government to then subsidise rental payments.
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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.