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Noosa to run out of land in 12 months, while Banana is okay for 354 more years

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New figures released by the Palaszczuk Government reveal vacant lots in Noosa could run out in a year, whereas the supply out west could last centuries.

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Liberal National Party MP Stephen Bennett used a question on notice to ask Deputy Premier Steven Miles to break down the number of approved lots in Queensland by council area.

In response, Miles said the majority of council areas were estimated to have up to 30 years of supply of lots, but six areas had less than four years based on current trends.

As expected, the areas where demand threatens supply are in the booming south-east corner. The breakdown, tabled in parliament overnight, reveals Noosa has a lot supply of 1.1 years, the Gold Coast 1.6 years, Sunshine Coast 2.3 years and Brisbane three years.

Miles said he was working to facilitate development in the south-east.

“As the Minister responsible for planning, I have established a Growth Areas Delivery Team to ensure Queensland can keep up with population growth and the demand for housing and infrastructure development that comes with it – all part of the Government’s economic recovery plan, to create more jobs and development in our state,” Miles said.

Miles recently announced Caboolture West would be the first new growth area to benefit from fast-tracked land release. The area, expected to be given a new name, will eventually provide around 30,000 homes for 70,000 people.

Queensland deputy executive director of the Property Council, Jen Williams, said there were multiple issues with land supply that were forcing up prices and keeping younger people out of the market.

“The areas of greatest demand are also the areas of greatest shortage,” Williams said, pointing also to Moreton Bay and Redlands.

While the Property Council welcomed Miles’ announcement of a new team, and the focus on Caboolture West, Williams suggested it was also an acknowledgement by government that the existing system was not working.

“At a broader level, it takes too long to get land to market in Queensland and we have been under-building for many years,” Williams said.

“To get progress we need to step outside the planning framework.”

Outside of the south-east, however, the situation is very different, with populations stagnating if not declining. The breakdown shows Isaac Regional Council has enough lots to last 363 years, on current trends, and Banana Shire Council 354 years, although those areas are by nature much larger than urban area councils.

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