The Victoria State Government is increasing housing investment across the state in an effort to provide housing for more Victorians and boost the construction industry.
The government recently announced an investment in regional housing, which will see at least 150 social housing units built in Ballarat. This project is expected to create 100 direct local jobs and 350 indirect jobs.
Construction of these social housing units will begin next year and will replace 66 of the existing and aging social housing units in the Delacombe Estate.
"We are creating local jobs, while building homes that will transform the lives of community members, providing a stronger and more resilient Ballarat," said Juliana Dickinson, MP for Wendouree.
The state government also announced a project in Collingwood and South Yarra, which is expected to provide 480 new social and affordable housing while generating over 2,000 new jobs.
"We continue to build housing where it's needed most in places like Collingwood and South Yarra – close to school, employment opportunities, health services and transportation ”Said Richard Wynne, Minister of Housing.
The Delacombe, Collingwood and South Yarra sites add to the large housing construction projects already underway in Ascot Vale, Ashburton, Flemington, Hawthorn, Heidelberg West and North Richmond.
The historic $ 5.3 billion large-scale housing construction is the largest single investment in social and affordable housing in Australian history. It is expected to deliver 12,000 new homes across the state. About $ 1.25 billion will be invested in regional areas.
Overall, this investment will increase Victoria's social housing supply by 10%, while creating 10,000 jobs per year over the next four years.
Acting Prime Minister James Merlino said the Big Housing Build was killing two birds with one stone. While it provides a roof over the heads of vulnerable Victorians, it also creates job creation opportunities, which in turn spur the state's economic recovery.
"We are building a stronger, fairer Victoria where our vulnerable Victorians have a safe and stable place to call home," he said.
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