WITH the population in the region expected to exceed 5.3 million over the next 25 years, the Queensland Government has announced the establishment of the South East Queensland Housing Supply Expert Panel to ensure housing supply supports the population growth.
In a speech to guests at a Property Council of Australia luncheon in Brisbane last week, Premier Annastacia Palaszczuk said the Panel would ensure that housing needs will keep pace with estimated growth, as part of a $5 million investment in land supply monitoring.
"We will reinstate this essential monitoring program after it was cut by the previous Government, and establish a new independent expert panel to ensure our land supply projections are robust and rigorous," Ms Palaszczuk said.
"The South East Queensland land data will ensure industry and all levels of government are accurately informed of land supply, housing demand and development information and can respond accordingly."
The announcement follows the Property Council's submission on the South East Queensland Regional Plan, which made the case for an independent agency to be re-established to monitor land supply and development to match surging population growth.
Members of the panel will be appointed for their expertise, in property, planning, demography and economics.
"My Government needs this land monitoring panel's specialised research and reporting role to assist in better directing government funding towards the areas and people in greatest need. We will use the information to ensure it is delivering adequate housing options," the Premier said.
"We will work with local government and industry to establish a strong land supply monitoring program so we can all have the best available information to make future planning decisions."