The Real Estate Institute of Queensland (REIQ) says concerning building approval data released this week is just the tip of the iceberg of challenges facing Queensland housing one year on from the Housing Summit.
REIQ CEO Antonia Mercorella said the data suggests housing challenges facing Queenslanders are as serious today as there were before the landmark summit.
“ABS building approval data shows we are approving the same number of homes as we did in the 80’s when the population was half of what it is today,” Ms Mercorella said.
“Over the past 12 months to September, 33,755 new dwellings were approved across the state, when HIA (Housing Industry Association) say we need 40k+ per annum in SEQ alone.
“Social housing approvals remain static with only 430 approved in the past 12 months, to service Queensland’s rapidly growing population – again, compared to close to 2,000 per year in the 80’s.”
Ms Mercorella said in the rental regulation space, property managers, lessors, and tenants were exhausted by continuous legislative change and sloppy implementation.
