A new report released by the Department of State Development, Manufacturing, Infrastructure and Planning has revealed housing and land supply in South East Queensland is on track to handle future growth.
The Department said while it was one of Australia’s fastest growing regions, there was residential and industrial land available.
The Department’s Land Supply and Development Report provided annual data on the density and diversity of housing and land supply.
Minister for Planning, Cameron Dick said it was crucial that infrastructure, housing and jobs were in the right locations.
“For the next 15 years, we have enough land available to manage urban and industrial growth in the current urban footprint,” Mr Dick said.
“By 2041 more than 5.4 million people are expected to call South East Queensland home, so we need to be responsibly managing that growth for our communities to thrive.”
He said an increase in diverse housing options meant more choice for people when it came to how they wanted to live, retire or raise a family.
“We also have more than 9,000 hectares of vacant and planned industrial land available, which will provide us well for more jobs in more industries,” Mr Dick said.
“This latest report shows that we are heading in the right direction to effectively manage growth while ensuring the region’s enviable lifestyle is maintained.”
Independent Chair of the South East Queensland Housing Supply Expert Panel, Julie Saunders said this year’s report had been enhanced with updated data, improvements to the methodology and a new market factors report.
“The panel has worked closely with all stakeholders this year and the enhancements to the reporting are being seen in the results,” Ms Saunders said.
“This is nation-leading work and goes a long way to ensuring industry and community are working together to achieve quality urban growth.”
