77,000 Queensland Homes Lost to Productivity Decline and Costly Union Conditions

The report also warned that if BPIC rules remained in place until 2030 it would cost Queenslanders another 26,500 homes, and an extra 8.3 percent in rents.

Construction, Forestry, Maritime, Mining and Energy Union (CFMEU) signs in Brisbane, Australia on July 16, 2024. AAP Image/Jono Searle

The re-established Queensland Productivity Commission has released a damning report into the state’s construction sector, revealing bureaucratic inefficiencies have cost the state enough homes to populate the city of Toowoomba.

The Construction Inquiry Interim Report revealed about 77,000 new houses were never completed in what the Real Estate Institute of Queensland (REIQ) says is the result of “planning and regulatory burdens.”