How a 71% spike in apartment construction costs is pricing out Brisbane families

Dean & Sofie on 4BC Breakfast break down the state's strict definitions of affordable housing before Master Builders Deputy CEO Michael Hopkins joined the show to discuss a staggering 71% surge in apartment construction costs over the last three years. The conversation highlights how $186,000 of red tape per build and global supply chain pressures are stalling Queensland's ability to hit its target of 50,000 new homes per year, driving locals out of the market in favour of deep-pocketed foreign investors.See omnystudio.com/listener for privacy information.