ResiLine
South East Queensland
second QUARTeR 2008
MARKET OVERVIEW
Queensland (QLD) fundamentals remain 2008 are forecast at around 43,580 while
HOT TOPICS sound with a diversified economy and underlying demand is likely to be around
increasing resource demand. It is this 45,000, leaving unmet demand of over one
• Brisbane House and Unit Market demand that is underscoring the pace of thousand dwellings.
infrastructure seen in the state, with both
• Gold Coast House and Unit Market According to Access Economics, QLD’s
private and public funds pouring into water
overall level of new housing starts in 2008
• Sunshine Coast House and and energy infrastructure and much needed
is forecast to fall by 3.7%. The state’s new
Unit Market transport projects.
housing starts however, appear to be holding
• Tweed Coast House and Unit Market The 350 major infrastructure projects in up well in contrast to other states. A healthy
the updated South East Queensland (SEQ) gain of 4.9% expected in 2009 with 2010
• Market Outlook
Infrastructure Plan, predicted to see a further
however are suffering increase of 4.3%. Housing
“South East Queensland’s
time delays, budget starts have not fallen as
population is forecast to
blowouts and possible far behind population
increase by 1.2 million
cancellation due to pressures in QLD as
escalating construction they have in other states,
people by 2026.”
costs in a tight labour meaning the Sunshine
market according to State has less pent up
Residex. One of the lowest unemployment demand than some other regions.
rates in Australia causes this at only 3.6%
SEQ’s current imbalance between housing