Brisbane is running out of land for new homes according to documents released during the Queensland state budget hearings.
Under current state government rules, all local government areas should have 4 years’ worth of approved lots.
However, Brisbane has less than three years and Noosa has less than 1 year.
Deputy Premier Steven Miles says the reason for the housing crisis is due to, quote, “the interstate migration which has put pressure on land supply across the state [during the pandemic]”.