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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
“The median price of residential land sold nationally jumped by 6.8 per cent over the 2024/25 financial year, more than three times faster than consumer price inflation over the same period,” stated HIA Chief Economist Tim Reardon.
“The Housing Industry Association (HIA) is calling on all parties to park the games and fast track the delivery of the long overdue EPBC reforms by the end of this year,“ HIA Managing Director, Jocelyn Martin said today.
The Housing Industry Association (HIA) welcomes the announcement of an audit into the Housing Australia Future Fund (HAFF) but cautioned that the review should not delay or derail the urgent task of increasing Australia’s housing supply, HIA Managing Director Jocelyn Martin said today.
“The announcement that the NSW Government will fast-track a major rezoning of Gosford City Centre, unlocking 1,900 new homes across 283 hectares, provides an exciting opportunity for the Central Coast,” commented HIA Hunter Executive Director, Craig Jennion.