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HIA Executive Director Queensland Michael Roberts highlighted that the Draft SEQRP’s forecast 34,500 new homes commencing construction per year until 2046 would be insufficient to meet projected demand, let alone catch up on the current housing shortfall.
“In order to address the shortage of housing stock, there needs to be a substantial increase in the supply of new homes over and above what is already being delivered,” Mr Roberts said.
“In 2020/21 the government’s own figures report 34,500 new homes were approved in South East Queensland, and that clearly wasn’t sufficient to meet demand at a time when there was zero migration.
“This means that building homes at the same rate as we have in the past will sadly continue to exacerbate the acute shortage of homes for decades ahead.
“Planning to build the same number of homes in the future as we did in the past is not good planning.
“The only way to solve the housing crisis is to significantly increase the capacity within planning regimes and ensure an adequate supply of land for both green and brownfield development.
“The capacity of the industry to deliver this volume of homes will adjust if there is stable and reliable population and economic growth.
“But Queensland needs to plan for growth not ‘status quo’.
“It is important to acknowledge there are many elements of the draft plan that are progressive and will contribute to improving supply.
“In developing the draft plan, HIA pushed for and achieved changes to the plan’s direction on lowering minimum lot sizes, increasing targets for ‘dwellings per hectare’ net densities in new communities and pushing councils to make approval of multiple dwellings easier, relax car parking requirements and allow increased building heights.
“HIA welcomes the release of the Draft SEQRP and will continue to work productively with government to ensure the best possible outcomes can be achieved in the final plan,” Mr Roberts said.
“The number of loans issued for the construction or purchase of new housing increased in the June quarter 2026, for both owner occupiers and investors,” stated HIA Senior Economist, Tom Devitt.
“HIA welcomes the finalisation of the new Sydney Plan which provides a 20-year framework for the future development of Sydney,” said Brad Armitage HIA NSW Executive Director.
The housing industry is calling on the Australian Government to allow self-managed super funds (SMSFs) to continue borrowing to build new homes, at least until the impact of its new borrowing restrictions on housing supply is independently assessed and made public.
“HIA welcomes Senator Andrew Bragg putting National Construction Code reform squarely at the centre of the housing affordability and productivity debate,” said HIA Chief Executive – Industry & Policy, Simon Croft.