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'Where does it end?' Brisbane’s median house price nears $1 million
The latest PropTrack Home Price Index has revealed that Brisbane’s median house price has reach $998,000.
The data has shown that the main reasons for the increase are labour shortages, supply chain disruptions and soaring prices for essential materials.
Housing Industry Association Managing Director Jocelyn Martin told Peter Fegan on 4BC Breakfast, "The problem is we build 160, 170,000 new homes in Australia every year."
"If we were actually really going to make a difference in terms of our approach to building and housing and climate, it would be the 11 million other homes that we really should be looking at."
"We're getting a diminishing return from that National Construction Code and the seven star [rating]," Mrs Martin said.
See omnystudio.com/listener for privacy information.
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By 4BCThe latest PropTrack Home Price Index has revealed that Brisbane’s median house price has reach $998,000.
The data has shown that the main reasons for the increase are labour shortages, supply chain disruptions and soaring prices for essential materials.
Housing Industry Association Managing Director Jocelyn Martin told Peter Fegan on 4BC Breakfast, "The problem is we build 160, 170,000 new homes in Australia every year."
"If we were actually really going to make a difference in terms of our approach to building and housing and climate, it would be the 11 million other homes that we really should be looking at."
"We're getting a diminishing return from that National Construction Code and the seven star [rating]," Mrs Martin said.
See omnystudio.com/listener for privacy information.