❓ Hon Steve Martin questions the Minister for Housing regarding the Infrastructure Development Fund, specifically concerning the targeted apartment rebate, project approvals, fund balance, construction progress, and average payments.
AnsweredQoN 1268Legislative Council
QuestionView source ↗
HOUSING — INFRASTRUCTURE DEVELOPMENT FUND
1268. Hon STEVE MARTIN to the minister representing the
Minister for Housing:
I refer to the infrastructure
development fund.
(1) How many
projects, representing how many dwellings, have been approved under the
targeted apartment rebate to date?
(2) How many projects, representing how many dwellings,
have had funds paid for water and power costs to date?
(3) What is the balance of the fund
today?
(4) How many
projects, representing how many dwellings, have —
(a) commenced
onsite construction work; and
(b) been
completed?
(5) What is
the average payment for each multiple dwelling given the government has
approved over 5 000 multiple dwellings under the targeted apartment rebate to
receive a maximum of $10 000, which would cost more than the entire
metropolitan split of $40 million under the fund?
1268. Hon STEVE MARTIN to the minister representing the
Minister for Housing:
I refer to the infrastructure
development fund.
(1) How many
projects, representing how many dwellings, have been approved under the
targeted apartment rebate to date?
(2) How many projects, representing how many dwellings,
have had funds paid for water and power costs to date?
(3) What is the balance of the fund
today?
(4) How many
projects, representing how many dwellings, have —
(a) commenced
onsite construction work; and
(b) been
completed?
(5) What is
the average payment for each multiple dwelling given the government has
approved over 5 000 multiple dwellings under the targeted apartment rebate to
receive a maximum of $10 000, which would cost more than the entire
metropolitan split of $40 million under the fund?
AnswerView source ↗
I thank the honourable member for
some notice of the question. The following response has been provided by the
Minister for Housing.
(1)–(5) The infrastructure development fund was set up to
offset some of the up-front construction costs associated with connecting essential infrastructure services,
such as water, electricity and sewerage, to unlock housing development.
Seventy-nine applications have been approved for stream 1 of the targeted
apartment rebate to support the delivery of up to 5 433 new apartments as at 22
October 2024. Thirty of those projects have commenced construction and funding
has been disbursed on behalf of 20 projects so far. For stream 1, the maximum
rebate for each apartment is $10 000. The project payment varies depending on
the scale of the proposal and individual site characteristics.
some notice of the question. The following response has been provided by the
Minister for Housing.
(1)–(5) The infrastructure development fund was set up to
offset some of the up-front construction costs associated with connecting essential infrastructure services,
such as water, electricity and sewerage, to unlock housing development.
Seventy-nine applications have been approved for stream 1 of the targeted
apartment rebate to support the delivery of up to 5 433 new apartments as at 22
October 2024. Thirty of those projects have commenced construction and funding
has been disbursed on behalf of 20 projects so far. For stream 1, the maximum
rebate for each apartment is $10 000. The project payment varies depending on
the scale of the proposal and individual site characteristics.
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