Why builders can’t stack up affordable housing despite being needed more than ever
Brisbane faces a significant shortage of affordable housing despite high demand. Most new developments are luxury projects, with average entry-level prices exceeding $2 million. Factors such as rising construction costs and labor shortages are pushing developers away from creating affordable options.
- ▪There is a huge demand for affordable housing in Brisbane, but little is being built.
- ▪Most new developments are luxury builds targeting the high-end market, with average entry-level prices around $2 million.
- ▪Only one of over 40 off-the-plan projects listed homes for under $1 million.
Opening excerpt (first ~120 words) tap to expand
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Excerpt limited to ~120 words for fair-use compliance. The full article is at The Sydney Morning Herald.