Maximizing Returns Through Strategic Housing Development
For developers and investors, the Accord presents an unparalleled opportunity to meet housing demand while capitalizing on government support. The $1.5 billion Housing Support Program, designed to improve infrastructure and streamline planning, creates fertile ground for profitable developments in areas well-connected to transport and employment hubs. Additionally, the Social Housing Accelerator Payment ensures that social housing remains a priority, injecting $2 billion into the sector. For those looking to enter the market or expand their portfolios, this framework offers the potential for both high returns and long-term stability
1.2 million new homes in five years
[/nectar_scrolling_text][nectar_responsive_text font_size_min=”14px” font_size_max=”20px” font_size_desktop=”1.1vw” font_line_height=”1.5″][/nectar_responsive_text][nectar_responsive_text font_size_min=”14px” font_size_max=”20px” font_size_desktop=”1.1vw” font_line_height=”1.5″]The federal government has committed $350 million towards building 10,000 affordable homes, with states matching this for a total of 20,000 homes across key urban areas.This initiative is backed by a $3 billion New Home Bonus, which rewards states and territories that exceed their housing supply targets, providing a competitive edge for developers working in well-located, high-demand regions[/nectar_responsive_text][nectar_responsive_text font_size_min=”14px” font_size_max=”20px” font_size_desktop=”1.1vw” font_line_height=”1.5″]
Building the Future: Affordable and Energy-Efficient Housing
As the demand for affordable housing continues to grow, the National Housing Accord is setting high standards by requiring all new affordable homes to meet an energy efficiency rating of 7 stars or greater. This not only addresses Australia’s housing shortage but also appeals to environmentally conscious developers and investors. The government is actively working with community housing providers and private investors to ensure that these homes are delivered on schedule, making it an opportune time for developers to partner with the public sector and take advantage of concessional loans and grants