The AFR had this story:
"... As rising funding constrained development in the face of rising demand from a return of foreign migrants, and changes to household formation that meant more single-person households, the Queensland capital was going to suffer from the most acute undersupply, Mr Warner said.
“Brisbane is the worst placed in my view,” he said.
“The supply is so low and the Queensland population growth is strong and likely to stay strong because we’ve had strong interstate migration through the pandemic and now overseas migration is picking up as well.”
The decade-long run-up to the 2032 Olympic Games was going to sustain a level of activity in south-east Queensland region, he said.
“We’ve got a pipeline of infrastructure projects with the Olympics for the next decade that’s going to keep employment strong and keep driving population into south-east Queensland,” Mr Warner said.
The current supply slated for the city was about half of its underlying demand, he said.
More widely, the concern was about not just the number of new apartments in the pipeline but the type.
“Most developments progressing to construction right now are aimed at owner occupiers, particularly downsizers with plenty of equity, and this will do little to alleviate the rental market crisis that is already upon us,” he said."
See Rising borrowing costs put the brakes on apartment pipeline (AFR 13 November 2022)
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