New figures reveal almost 70,000 Brisbane homes are sitting empty

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first_imgSome homes were empty because they were awaiting demolition.NEW figures reveal almost 200,000 homes were empty in Queensland on Census night.Analysis of the 2016 Census data by SGS Economics and Planning, revealed 7.6 per cent of homes in Greater Brisbane — 68,386 dwellings — were empty on the night of the count.There were even more in regional Queensland with 11.7 per cent of homes — 127,171 dwellings — empty.Nationally Census figures revealed there were more than 1 million homes unoccupied on the night.The report found that figure, which represented 11.2 per cent of dwellings, was only 0.5 percentage points higher, than the previous census in 2011, and had been fairly consistent since 2001.It analysed the recent census data after discussion around whether the high number of empty homes was because of investors intentionally leaving homes unoccupied in capital cities and the rise of properties being used for Air BnB. While previous Census in the eighties would ask why a property was unoccupied, that question was no longer asked.More from newsMould, age, not enough to stop 17 bidders fighting for this home2 hours agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investor2 hours agoSome homes were only empty on Census night because they were between tenants. Picture: ThinkstockIn the eighties about 65 per cent of homes were empty on Census night because it was a holiday home or the residents were away that night.To determine if those reasons where still the same or if investors were leaving properties sitting empty, SGS Economics and Planning analysed data from other sources to work out a similar breakdown.It found the majority — about two thirds — of unoccupied dwellings on Census night were empty because they were holiday homes or the resident were absent.“The share of holiday homes is lower than the estimates from the eighties,’’ it said.“Which makes sense given falling home ownership rates. Residents absent was higher which given the increased mobility of households would also appear to make sense.“While this analysis has limitations, it suggested that most of the dwellings were unoccupied on Census night were unoccupied for a very valid reason.“There does not appear to be a large pool of dwellings being withheld from the housing market.’’The report also revealed that the Moreton Bay area had the lowest rate of unoccupied dwellings in Queensland. It attributed this to a high level of demand in the area, low vacancy rates and properties selling faster.last_img

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