Most median incomes priced out of SEQ housing market.

The SEQ housing market continues to navigate strong demand driven by rapid population growth and increased investor activity.  

Affordability challenges persist, disproportionately affecting first home buyers. Our analysis shows that households earning the median SEQ income of $102,000 could only afford 7% of houses and 23% of units sold in the last 12 months. These figures drop for families with children. 

Without a reduction in interest rates or changes in lending regulations, affordability is likely to decline further. 

As we approach the end of 2024, this intense demand continues to outpace supply. Building approvals have stagnated over the past year and lot registrations are falling short of targets set by the South East Queensland Regional Plan. Despite government efforts to fast-track housing supply, the actual increase in new dwellings remains minimal.