Brisbane surpasses Melbourne as Australia's second most expensive capital city, while QCOSS reports rising rents and 150,000 inaccessible affordable homes in Queensland.
Brisbane has overtaken Melbourne as the second most expensive capital city in Australia, with median house values reaching A$937,479. The Queensland government has allocated A$2.8 billion for the Home for Queenslanders plan, aiming to build one million homes by 2046. However, the Queensland Council for Social Services (QCOSS) reports that rents in the state are rising faster than anywhere else in Australia, with approximately 150,000 households unable to access affordable housing.
June 02, 2024
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