A new study commissioned by the Local Government Association of Queensland (LGAQ) had shown the urgency for federal and state governments to rethink their strategies for the south-east Queensland housing market.

Releasing a study into an Analysis of the Determinants of SEQ Housing Prices undertaken by the AEC group, the University of Queensland and RP Data, the LGAQ’s CEO, Greg Hallam, said:

“The analysis provides a description and explanation of the relationship between real median prices of SEQ houses, units and land in relation to supply and demand factors.

“It shows clearly that the SEQ market behaves differently to other capital city markets, and deserves closer attention by the two senior government sectors.”

The research showed a number of SEQ dwellings had increased faster that population over all census periods, resulting in the number of dwellings per 100 population increasing from 38.1 in 1991 to 41.1 in 2006.

“What this study has done has refuted for all time the spurious arguments of a so-called under-supply of dwellings in the SEQ market,” Mr Hallam said.

“Local government has undertaken this important research, because we are part of the solution – not the problem.”