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The State Budget includes $184 million in provisions for the METRONETSocial and Affordable Housing and Jobs Package – a major investment in housing, linked directly with METRONET, to help build liveable and connected communities.
The State Government will leverage the existing investment in METRONET by integrating quality affordable housing and community facilities with transport hubs.
In partnership with the private sector, the Package will use four different work streams to develop eight high-density mixed-tenure projects; create unique compact urban communities on strategic sites close to METRONET stations; and develop and redevelop smaller scale sites within 800m of new METRONET or existing heritage line stations.
It is estimated the building of 1,390 new homes will support 2,378 jobs and generate $765 million in economic activity. Construction and redevelopment will centre on transit-oriented locations, including new METRONET and existing heritage-line train precincts in established communities.