In 2022 there were 35,000 homes that began construction in Queensland, which is down 22.1 per cent from 2021.
abc.net.au/news/housing-construction-massive-decline-queensland-explained/102217282New homes under construction fell by 28 per cent across Queensland in December 2022 compared to the same quarter the previous year, as interest rate rises, cost of building supplies and labour shortages continue to affect the housing industry.
He said the post-COVID migration to Queensland not only caused a rise in property value, but also created enormous demand which meant building houses took a lot longer and cost a lot more."We've still got a crisis right across Queensland because you cannot rent a house for love nor money," Mr Bidwell said.Executive director for the Housing Industry Association , Mike Roberts, said the figures showed how integral foreign investors were to Queensland's housing availability.
"Clearly the foreign investors left the market, took their money and spent it somewhere else … and that's obviously having a significant impact given the significant drop we've seen."Mike Roberts said local governments need to help facilitate the delivery of housing. "We need the local governments to get in there and facilitate and help assist the delivery of the housing,' Mr Roberts said.
Townhouses, duplexes, triplexes, terrace lot homes and granny flats are among the types he is calling for.
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