00:00We simply just haven't been building anywhere near
00:05enough residential accommodation to house all the people that are now...
00:10...flooding into Queensland.
00:12Brisbane house prices skyrocketed 13 per cent...
00:15...last year and unit prices a nation-leading 18 per cent.
00:20Looking into the future, the hikes only continue.
00:23KPMG expects a...
00:25...another 11 per cent rise in house prices this year, with units up...
00:30...well in front of other markets like Sydney and Melbourne.
00:34When house...
00:35...hikes prices in Brisbane are going to increase at twice the rate of Sydney.
00:40That's a wake-up call.
00:42The median price right now already...
00:45...tops a million dollars.
00:46The state opposition describing the forecasts as a hammer...
00:50...blow to buyers.
00:51The LNP said they had the solution to the housing...
00:55...affordability crisis, but clearly they haven't.
00:58The situation is...
01:00...only getting worse.
01:01The Premier says he's trying to fix a decade-old problem...
01:05And we're investing really heavily in the supply...
01:08...and whilst it won't change...
01:10...over night, we are hell-bent on making sure...
01:12...that there are more options for people to...
01:15...to get into a home.
01:16Selling!
01:17Done and sold.
01:18They're well done.
01:19One million four hundred...
01:20The States...
01:20First Home Owners Grant and the Federal 5% Deposit Scheme...
01:24...have helped...
01:25...some people enter the market.
01:27But...
01:28What that's now done is bid up the price...
01:30...by housing at the low end of the market...
01:32...such that there's less and less numbers...
01:35...of stock available at that lower end of the market...
01:38...than what there was even six months ago.
01:40That's a good one.
