Industry remains focused on boosting Queensland housing supply

Home Media Releases Industry remains focused on boosting Queensland housing supply

Thursday 11 April 2024


Industry remains focused on boosting Queensland housing supply

Results from the Procore / Property Council March 2024 sentiment survey have shown that housing supply and affordability remains the key issue for industry for the fourth year in a row.

Overall industry confidence in Queensland rose to 120 points, a three-point uptick from the December 2023 survey results. A score of 100 index points is considered neutral.

The Property Council’s Queensland Executive Director Jess Caire said despite the slight rise in confidence, various factors remain at play in the state.

“It appears that December’s cabinet reshuffle resulted in a slight uptick in confidence – but it is fair to say concern remains – particularly around job planning and managing growth,” Ms Caire said.

“There is no denying Queensland’s enviable growth trajectory and there are endless opportunities for the state – right now however we are in a protracted period of severe growing pain.

“While there are increasing confidence levels in the hotels, tourism and leisure sectors, driven by anticipation for the 2032 Olympic and Paralympic Games, challenges remain, particularly in delivering residential supply to the market.

“As we lean into an election, we are seeing a raft of reform being introduced, some of which is a cause of concern for industry – certainty is the key ingredient in attracting and retaining the investment that supports the delivery of the homes and infrastructure our state desperately needs.

“It has never taken longer or cost more to build new homes, and industry needs tax and regulatory settings that support the delivery of new homes for Queenslanders.

“Uncertain and unpredictable regulatory environments do little to build confidence. When policies and reforms that impact the property industry and particularly housing supply are introduced it must be done so under the scrutiny that it does not cripple the industry further,” Ms Caire said.


Media contact: Matthew Johnson | 0447 667 502 | [email protected]