‘Critical’ SEQ land supply shortage prompts affordability warning

Brisbane and Moreton Bay are also falling behind, with just 3.7 years’ supply available.

South-east Queensland needs an additional 31,979 dwellings annually to keep up with supply, the report says, but land supply is not keeping up with that demand.

UDIA chief executive Kirsty Chessher-Brown said the situation would worsen if such a severe land supply shortage was not addressed quickly in a cohesive way by the development sector, state government and local councils.

“We think that this issue is something that needs urgent attention,” she said.

“We can’t wait until the next regional plan which has typically been the guiding document on how we might accommodate population growth.

“This will be a much bigger problem if we wait until then.”

Ms…