Gap widens for housing have-nots
QUEENSLAND is only building one new home for every 4.3 new residents.
The shortfall, revealed in a report by Access Economics yesterday, came after the Australian Bureau of Statistics confirmed Queensland was the second fast growing state in Australia last year, having attracted more than 58,000 overseas migrants and 16,700 migrants.
Access Economics director Chris Richardson said the implication for housing affordability in the Sunshine State was "serious".
According to Mr Richardson, the state was shy more than 17,500 dwellings.
"A clash between the strength of population demand for housing and the worsening lack of supply of housing is building rapidly," he said.
Read the full story at the Brisbane Times.