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2017-04-11 P&E Agenda Attachment 1 to Item 1 Housing Needs Assessment
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Figure 38. Accommodation Affordability Analysis, Brisbane City LGA, 2011-2016 Source: Various sources as described; Analysis undertaken by Briggs & Mortar Pty Ltd. Implications for Housing There was found to be a very limited supply of public, community and transitional housing available in Noosa Shire. The cost of land, in particular, has limited the ability to provide social housing. The waiting lists for public housing is long, and wait times can be 10 years. Otherwise the private sector determines the housing product that is constructed and the prices, through supply and demand, and influences household preferences through marketing and availability. The majority of housing developments and land subdivision is undertaken by a small number of development companies in Noosa. There have however been very few large residential developments over the past two decades. Noosa Shire has been found to be relatively unaffordable for both rental and mortgage repayments relative to median household income. This is compounded not only by high prices, but by the relatively low incomes which characterise many of the key industries in Noosa Shire. This would particularly affect low income households, including single parent and single person households, and young people. Hence 16% of all low income households who were paying a mortgage were in housing stress at the 2011 Census and 34.5% of all low income households who were renting were in housing stress. This equated to 15.6% of all households in Noosa Shire. The implication for future housing needs is that measures ought to be considered that lead to new housing having better potential to be affordable. Options include smaller lot sizes or particular density requirements for attached dwellings that reduce costs through a smaller land component or a smaller dwelling. Briggs & Mortar Pty Ltd | Page 98
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