UDIA State of the Market Report
The State of the Market Report was launched today by the UDIA Research Foundation and proudly present
26 March, 2015 1 min read
The State of the Market Report was launched today by the UDIA Research Foundation and proudly presented by CSQ.
The Report provides an insight into supply and demand trends affecting the housing industry in Queensland and the key opportunities and risks for the development industry and policy makers.
UDIA (Qld) President, Brett Gillan said the Report reveals new opportunities for the development sector driven by the shifting housing preferences of Queenslanders.
“Queenslanders historically have been attracted to bigger houses in traditional suburban lots,” he said.
“Moving forward, smaller households will become more common and the share of medium and high density attached housing in the overall housing stock will increase.”
“This presents an opportunity for both State and Local governments to deliver the necessary policy reforms so developers can meet this change in the needs of the buyer.”
“Traditional greenfield housing markets will continue to be a core source of housing production, however more Queenslanders will choose to live on smaller lots or in attached housing with connectivity to jobs,” said Mr Gillan.
The research shows how communities can be better built to match the needs and preferences of the population. Connectivity to jobs and education will be increasingly prized in housing choices, trumping traditional factors such as views, breezes and streetscapes.