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Queensland Parliament live: Developers thrown huge tax incentives to fix housing crisis

Property developers who build affordable homes will receive a slew of tax concessions, the Queensland Government has revealed. QUESTION TIME BLOG

Queensland housing shortage declared a crisis

Property developers who build affordable homes will received a slew of tax concessions including land tax slashed in half Treasurer Cameron Dick has revealed.

Owners of build-to-rent projects will have their land tax bill slashed in half for 20 years if they make one in every 10 units an “affordable home”.

Other available tax concessions include a full exemption on the 2 per cent foreign investor land tax surcharge also for 20 years.

A full exemption from the additional foreign acquirer duty for the future transfer of a build-to-rent site will also be available.

SEE HOW QUESTION TIME PLAYED OUT IN THE BLOG BELOW

The concessions will come in on July 1, 2023.

Mr Dick said the private construction sector was “at capacity” across Australia, and the government was “working with industry to identify innovative ideas that create new pipelines of housing”.

It comes as Premier Annastacia Palaszczuk announced hundreds more emergency hotel rooms across Queensland will be funded under a $28m boost to the state government’s housing response package for another year.

The announcement comes as the state government prepares to focus the parliamentary sitting week on housing, including the push to limit rent increases in Queensland to once a year.

The government will unveil the rent shake up as housing stakeholders gather on Tuesday to look at progress from last year’s housing summit, which the Premier called following The Courier-Mail’s Hitting Home series.

Queensland Premier Annastacia Palaszczuk. Picture: NewsWire / Sarah Marshall
Queensland Premier Annastacia Palaszczuk. Picture: NewsWire / Sarah Marshall

Under the changes, it is understood property owners and landlords will only be allowed to lift the rent on their property once every 12 months.

The move would bring Queensland in line with other states, such as Victoria and South Australia – where the rental price on a property can generally only be changed once a year.

Ms Palaszczuk on Tuesday morning also confirmed the state government would fund its immediate housing response package for an extra year to the tune of $28m.

The support would help “our most vulnerable Queenslanders facing homelessness and housing stress” and including funding more than 600 emergency hotel room spots, and help pay bond payments.

“Through our immediate housing response for families package we've supported more than 4000 families with over 44,000 nights of accommodation,” Ms Palaszczuk said. 

Updates

Note to MPs from Speaker Curtis Pitt

The Speaker has noted today's Question Time was filled with personal attacks, and has asked MPs to sort it out before (his precise words were for them to "reflect" on their behaviour).

Hear, hear.

Changing a worn slogan

One of the government's favourite sledges on the Opposition is the well-worn slogan "cut, sack, and sell".

Transport Minister Mark Bailey, answering a dixer on the Coomera Connector, floated a new option– "prune, hack and sack".

Will the landlords please stand up

Time for a (somewhat) change of pace – we're still on housing, but this time Greens MP Amy MacMahon poses a question to the Premier.
Noting that Ms Palaszczuk as well as the Opposition Leader are landlords, she asks why renters should trust her government on the issue.
The Premier notes that yes, members on both sides of the house own properties.
"Renters have been saying they have been seeing massive increases, up to $200 or $400 a week – we recognise this," she says.
"Perhaps her party (the Greens) might want to support the federal legislation, billions of dollars which would unlock 30,000 social homes.
"On this side we stand with those over 1 million Queenslanders who are renters."

– Stephanie Bennett

(For the record: Dr MacMahon in her question noted Housing Minister Leeanne Enoch was a landlord, to which Ms Enoch said this was incorrect)

Gabba full costing options?


The Gabba exterior on Monday 27th March 2023 - Photo Steve Pohlner
The Gabba exterior on Monday 27th March 2023 – Photo Steve Pohlner

LNP treasury spokesman David Janetzki asked Premier Annastacia Palaszczuk if she could provide the full costing for all options considered for the Gabba upgrade

In response, she once again questioned if the LNP supported the redevelopment.

“The member is criticising the infrastructure funding package,” she said.

She pointed to an Olympics project in Toowoomba and questioned if Mr Janetzki, who is the Member for Toowoomba South, wanted the funding.

Ms Palaszczuk did not directly answer Mr Janetzki's question.

The Gabba redevelopment will now cost $2.7bn – despite previous suggestions it would only cost taxpayers $1bn.

“It will be a world class facility and it has reached end of life,” Ms Palaszczuk said of the Gabba.

– Jack McKay

Gabba 'coat of paint' context

If you're wondering what the Opposition's question on the Gabba was about, here's some context.

The Australian Olympic Committee has been forced to clarify its position on the $2.7 billion Gabba redevelopment, after its CEO Matt Carroll earlier today suggested all it needed was “a coat of paint”.

In a follow up statement, Mr Carroll said the AOC supported the redevelopment and that position had not changed.

“The redevelopment sits within the IOC’s New Norm parameters along with other projects that will deliver a long term benefit to the Queensland community, such as community sports centres,” he said.

Full story: Australian Olympic Committee CEO Matt Carroll says Gabba just needs a ‘coat of paint’ to host 2032 Games

Gabba $2.7bn rebuild, AOC boss slip of the tongue

The Opposition has moved away from housing and on to the Gabba.

The party’s deputy leader Jarrod Bleijie has been vocal about the cost blowout of the stadium’s rebuild, which has now been quoted at nearly $2.7 billion.

He cited comments made by Australian Olympic Committee chief executive Matt Carroll who said on Monday all the stadium needed was “a coat of paint”.

The AOC boss later backtracked and clarified his views on the Gabba rebuild, insisting the committee supported the redevelopment and that position had not changed.

“The redevelopment sits within the IOC’s New Norm parameters along with other projects that will deliver a long term benefit to the Queensland community, such as community sports centres,” he said.
“The AOC has long maintained the Gabba redevelopment will largely benefit the Brisbane Lions and cricket – with the stadium to be used for a month to host Olympic and Paralympic Games events.”

Despite the clarification, Mr Bleijie suggested there were conflicting views between the Palaszczuk government and AOC.

But the Premier said the comments made by Mr Carroll were taken out of context and insisted the IOC and AOC support the stadium redevelopment.

– James Hall

Mistaking 'Mudgeeraba' for 'Mundingburra'.

Education Minister Grace Grace got on her feet to answer a dixer (a pre-planned question asked by an MP on her side).

It seems she intended to take a jab at the Member for Mudgeeraba, which is Opposition Health spokeswoman Ros Bates, but mistakenly says the "Member for Mundingburra" which is government MP Les Walker.

Mr Walker, asked by the Speaker if he took offence, confirms he doesn't.

Anyway here's a completely unrelated photo of Minister Grace hanging out with The Wiggles simply because it sparks joy.


Industrial Relations Minister Grace Grace joined by The Wiggles to launch a new song and electrical safety campaign, Boondall. Picture: Liam Kidston
Industrial Relations Minister Grace Grace joined by The Wiggles to launch a new song and electrical safety campaign, Boondall. Picture: Liam Kidston

Retirement village to social housing, a progress report

LNP frontbencher John-Paul Langbroek has continued with the housing theme.

He pointed out that Housing Minister Leeanne Enoch announced in January that a Clayfield retirement village would provide social housing within a couple of months.

Mr Langbroek said tomorrow marked two months since the announcement was made and questioned if any Queenslanders were living in the retirement village.

“I think that’s a very ridiculous question … if ever I’ve heard one,” Premier Annastacia Palaszczuk shot back in response to the question.

Ms Palaszczuk used the opportunity to attack Mr Langbroek, by pointing to the former LNP government’s record on housing.

Mr Langbroek served as Education Minister during the former Newman government.

“How low can you go,” she said. “Queenslanders know you cannot trust the LNP.”

The Premier did not directly answer the question.

– Jack McKay

Read related topics:QLD housing crisis

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Original URL: https://www.couriermail.com.au/news/queensland/qld-politics/queensland-parliament-live-28m-hotel-boost-to-ease-housing-crisis/live-coverage/7fc65046fa90bf7c5e0bb6617f349f1d