Scary figures: We’re only building half of the housing we need [Video]

The extent of Brisbane’s housing crisis has been revealed, with shock data showing the city has delivered less than half of the apartments required to meet government targets every year since 2020.

With housing a key issue in the lead-up to the state election, the Property Council of Australia has commissioned new research revealing Brisbane is still expected to be up to 1000 units a year short of requirements under the South East Queensland Regional Plan until 2027.

The research by Urbis reveals a third of apartment projects are at risk of being delayed or shelved altogether thanks to a combination of labour shortages, construction costs, union interference, and Queensland’s controversial Best Practice Industry Conditions policy (BPIC).

Project timeframes have blown out by 2.5 years since 2019, and industry experts say the cost of a new apartment is now too …