Gold Coast construction campaign to boost housing affordability
The Gold Coast City Council has launched a construction initiative to kick-start building projects in the seaside city - attracting property investment in the region.
Announcing the Gold Coast City Council Kickstart Construction campaign last week (September 14), the local mayor Tom Tate said the scheme would encourage commercial and property development in the area.
"This package is about telling the Gold Coast we're open for business. It's about creating jobs and encouraging development activity, with ongoing benefits for families and not-for-profit community groups," Mr Tate said.
The Housing Industry Association (HIA) said with the approaching Commonwealth Games, the initiative is likely to appeal to savvy investors entering the property market.
A 100 per cent discount on infrastructure charges will make property investment in the Gold Coast more affordable, as well as fast-track building developments.
HIA executive director Gold Coast and North River Collin Buttenshaw said the scheme will assist homeowners and prospective buyers manage their real estate investments.
"The family accommodation initiative of 100 sq m or less new dwelling is a good option to assist retirees to downsize, while not being forced to move away from family and friends. It also provides options for younger residents who may be struggling to enter the housing market due to affordability issues," Mr Buttenshaw said.