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HIA today released the 2024 edition of the HIA Population and Residential Building Hotspots Report.
An area qualifies as a Hotspot on the National and the Queensland list if at least $200 million worth of residential building work was approved during the 2022/23 financial year, and its population is growing faster than the national growth rate of 2.4 per cent.
“With the level of population growth being experienced in Queensland and the significant demand for housing it is no surprise there were a total of twelve areas in Queensland that qualified as Hotspots,” said HIA Queensland Executive Director, Michael Roberts.
“Chambers Flat - Logan Reserve was the number one Hotspot in Queensland, followed by Ripley and Caloundra West - Baringa,” added Mr Roberts.
“Chambers Flat - Logan Reserve recorded population growth of 18.4 per cent in 2022/23 as well as $264.6 million in residential building approvals.
“Ripley recorded population growth of 12.6 per cent and $335.1 million in approvals.
“Caloundra West - Baringa’s population grew by 9.8 per cent and also recorded $280.3 million in approvals, although we’ve seen in the past few days that a significant proportion of this approved home building work, some 3,500 homes in one approved project, will not proceed to construction in the short term.
“Supporting Queensland’s growing population will require more home building, which will require ample land supply. This report highlights the importance of continuing to ensure a constant supply of shovel ready land to meet demand.
“If we are to see the number of homes that we need built, Queensland needs to see policy changes that ensure all sectors of the home building industry are firing on all cylinders.
“While the medium and high density sectors struggle to get commercially viable projects out of the ground, this report confirms the demand amongst buyers in South East Queensland for detached homes in suburban locations continues to be high, and there is no indication this is likely to change in the future,” Mr Roberts said.
For further information or for copies of the publication (media only) please contact: Kirsten Lewis on k.lewis@hia.com.au
Building approvals for dwellings in Canberra for the year to the end of March have shown some signs that the market may be turning the corner but still remain well below government targets.
“Australia has just seen its two weakest years of new home commencements in over a decade, meaning these ongoing shortages of skilled trades are not being caused by home building activity,” stated HIA Chief Economist, Tim Reardon.
“There were 48,620 new homes approved for construction in the first quarter of 2025, up by 20.8 per cent on a year earlier,” stated HIA Senior Economist Tom Devitt.
“The Housing Industry Association (HIA) calls on the newly elected Federal Government to make housing a first-order priority from day one, any delay or political grandstanding will only deepen the nation’s housing crisis,” HIA Managing Director Jocelyn Martin said today.