< img src="https://www.realestate.com.au/news/wp-content/uploads/2026/03/capi_eb886cc842b641ca28f1f47a328ea396_87aa2f6e01268708fb3b5f09320ceeec.jpeg" alt ="" > A new report has discovered Brisbane’s house shortage is at a critical point. Photo: David Clark. Property Council Queensland executive director Jess Caire stated increasing building expenses, labour scarcities, and prolonged approval timeframes were undermining the delivery of brand-new apartment or condo supply.
Ms Caire said that without “extreme intervention”, no projects of scale would accumulate going forward, meaning just high-end item would be built for a restricted number of high-end buyers.
“The typical existing unit in Brisbane is now worth $831,000, indicating it is more costly to build brand-new supply than to purchase existing stock,” she stated.
“Guaranteeing we can provide apartment or condo supply that is available to a broader purchaser market, including very first property buyers, downsizers and owner-occupiers, is vital if we are severe about enhancing availability.”