QLD’s exalted housing construction boom is actually a bust

Tuesday 28 July 2026

QLD Premier David Crisafulli boasted on Twitter (X) that “for the first time in history, 50,000 homes are under construction across QLD”:

Crisafulli then added that “Queensland is now building more homes than ever before” and that “after a decade of decline under Labor, we are unashamedly pulling every lever possible to boost housing supply across our State”:

Crisafulli’s comments are based on ABS quarterly data showing Queensland’s pipeline of homes under construction, which is illustrated below:

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About the author

Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.