REIQ welcomes Housing Summit to address housing supply issues

Media Release,  Principals,  Property Managers,  Salespeople

The Real Estate Institute of Queensland (REIQ) has welcomed the Palaszczuk Government’s move to convene a Summit addressing the state’s housing supply issues.

The Queensland Housing Summit will occur in October and the REIQ will this Friday join a roundtable of key government and non-government organisations to establish the parameters of the Summit.

REIQ CEO Antonia Mercorella congratulated the Palaszczuk Government for its commitment to the initiative.

“This is something the REIQ and a range of other stakeholders have been calling for, so we’re really pleased to see the Premier has heard our calls and confirmed her intention to host this Summit,” Ms Mercorella said.

“The Summit will focus on the issues impacting housing supply and the outcomes will be fed back into the National Cabinet’s consideration into the issues of housing and cost of living.”

Ms Mercorella said the housing summit will examine ways to unlock land and housing supply, fast-track social housing, and the need for all levels of government to work together to address housing supply issues.

“We need all levels of government to work together collaboratively to plan for our growing population and address current and future housing issues,” she said.

Ms Mercorella said there was a multitude of factors impacting housing supply.

“In many respects, Queensland has been the victim of its own success. Over the last few years, we’ve seen an extraordinary number of people rushing to call the Sunshine State home but ultimately we are buckling under that pressure.

“Supply chain issues are impacting our ability to build new housing. Additionally, Queensland has experienced severe weather events and we also need to consider the impact key legislative changes are having on investment.

“We’re really looking forward to taking a deep dive into these important issues and believe this is an important step forward in addressing housing supply issues.”

Attending the roundtable this Friday will be the Premier, Deputy Premier, Public Works, Communities and Housing Ministers plus the Brisbane Lord Mayor and the Local Government Association of Queensland.

Along with the REIQ, key non-government stakeholders such as Q Shelter, QCOSS, the Property Council of Australia, Master Builders and the Planning Institute of Australia will also attend.


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