A new study commissioned by the Local Government Association of Queensland had shown the urgency for federal and state governments to rethink their strategies for the south-east Queensland housing market, the association’s CEO, Greg Hallam, said today.

Mr Hallam released an Analysis of the Determinants of SEQ Housing Prices undertaken by the AEC group, University of Queensland and rpdata.

“The analysis provides a description and explanation of the relationship between real median prices of SEQ houses, units and land in relation to supply and demand factors,” he said. “It shows clearly that the SEQ market behaves differently to other capital city markets, and deserves closer attention by the two senior government sectors.

“The research shows the number of SEQ dwellings has increased faster that population over all census periods, resulting in the number of dwellings per 100 population increasing from 38.1 in 1991 to 41.1 in 2006.

“What this study has done has refuted for all time the spurious arguments of a so-called under-supply of dwellings in the SEQ market.

“Local government has undertaken this important research, because we are part of the solution – not the problem.

“The research does not come cheaply. We hope the federal and state governments can pick up the analysis, use it effectively and continue the research on a continuing basis,” Mr Hallam said.
A new study commissioned by the Local Government Association of Queensland had shown the urgency for federal and state governments to rethink their strategies for the south-east Queensland housing market, the association’s CEO, Greg Hallam, said today.

Local Government Association of Queensland
LGAQ House, 25 Evelyn Street, Newstead Qld 4006

Greg Hallam, PSM Chief Executive Officer
Local Government Association of Queensland Ltd
greg_hallam@lgaq.asn.au    P: 07 3000 2220