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Mr Roberts said population growth, household formation and an accumulated shortage of homes continue to underpin housing demand, but this cycle is being driven by restrictive financial conditions, weaker confidence and policy changes, rather than an absence of underlying demand for housing.
“Queensland’s housing challenge has not gone away. The demand for new homes remains strong, but current economic conditions are making it harder for households to commit to new builds and harder for the industry to bring that supply forward,” Mr Roberts said.
This cycle is being driven by restrictive financial conditions, weaker confidence and policy changes, rather than an absence of underlying demand for housing.
Established home prices are expected to recover during 2027, with new home sales likely to follow dwelling commencements beginning to recover from late 2027.
In Queensland, 5,930 detached houses commenced construction in the March quarter 2026, down 6.7 per cent on the previous quarter. Detached housing starts are expected to reach 25,140 in 2026, before rising to 26,020 in 2027, 26,570 in 2028 and 26,760 in 2029.
Multi-unit commencements totalled 4,940 in the March quarter 2026, down 8.0 per cent on the previous quarter. A further decline is expected in the following quarter before starts gradually improving through the second half of 2026. Multi-unit starts are forecast to total 17,760 in 2026 and rise to 18,390 in 2027, 19,180 in 2028 and 20,280 in 2029.
Mr Roberts said the expected recovery should not be mistaken for a resolution of the housing shortage.
“A lift in commencements from late 2027 would represent a delayed and constrained response to a shortage that has already built up over time. Unless policy settings support more investment and construction, housing affordability will continue to deteriorate,” Mr Roberts said.
“Housing policy must ultimately be judged by whether it helps deliver more homes. Reforms that enable supply at one level of government achieve little if policies elsewhere discourage investment and construction,” Mr Roberts said.
The Federal Government has announced that the Australian Taxation Office (ATO) will continue to accept credit card payments for tax liabilities until the end of the 2026-27 financial year, delaying changes that were previously due to take effect on 1 December.
The Housing Industry Association (HIA) welcomes the Federal Government's stepping in and agreeing to delay the Australian Taxation Office's (ATO) proposed ban on credit card payments, providing builders, tradies and suppliers with much-needed breathing space while a longer-term solution is developed.
The Housing Industry Association (HIA) says the Victorian results in the HIA National Housing Accord Update released yesterday, while not as poor as some other states, highlight the urgent need for a reset in housing policy after the upcoming state election.
HIA’s annual Safety Summit is being held today in Adelaide (8 October) and will bring together industry leaders, regulators and workplace safety experts, providing practical guidance to help residential builders and tradies create safer worksites and support compliance in an ever-changing world.