SEQ is tackling demand and rapid growth

Queensland’s housing market is facing an unprecedented surge in demand driven by its ongoing population boom. Overseas migration nearly quadrupled its long-term average in the year to September, complemented by strong interstate migration patterns. This rise in demand underscores the continued growth and potential of SEQ’s housing market, but also highlights the immediate need for real world solutions to the supply-demand imbalance.

The South East Queensland Regional Plan (SEQRP) projects the region’s population will grow to approximately 6 million by 2046, requiring the construction of nearly 900,000 new homes.  The greenfield sector plays a critical role in addressing this demand, and making avenues for timely approval and prompt delivery of new housing is paramount.