In less than 3 years a housing crisis is set to affect Brisbane as the state increasingly runs out of available land to build new homes.
All state government areas should have four years’ worth of approved land that is ready to go on the market. Brisbane was revealed in the budget to only have 2.9 years of approved land supply.
Deputy Premier Steven Miles said, “Our strong health response has created a spike in interstate migration which has put pressure on land supply across the state.”