Event Recap
The Property Council welcomed attendees to the SEQ Residential Land Supply Lunch; the Future Directions’ ‘Battle of the Burbs’ event; and the first event for the new Social Infrastructure Committee, ‘Private Health- the new anchor’.
Residential Lunch – SEQ Residential Supply and Demand Equation
Over 220 people attended the Property Council’s SEQ Residential Supply and Demand Equation lunch to hear about whether the significant momentum in Queensland’s residential market was sustainable.
Nerida Conisbee – Chief Economist at Ray White Group presented the keynote speech which looked at the booming Queensland residential market. Nerida highlighted how Queensland was one of the few states to grow in size since the pandemic and cited the return of overseas migration as a crucial element in continuing Queensland’s strong momentum.
Alex Levy – Project Director Mirvac and chair of the Property Council’s Residential Committee talked about Queensland’s ability to attract talent and skilled workers from interstate and that Brisbane would be buoyed by strong economic fundamentals in the decade leading up to the Olympics. Alex also discussed Mirvac’s confidence in the growing Build-to-Rent sector.
Adrian Allen – Regional Manager Stockland said it would be crucial for the Government to have a bold infrastructure plan to not only cater for its growing population but to generate strong jobs growth.
Michael Stone – General Manager QLD Peet said it was important to take action now to address an emerging lack of residential land supply. To maximise the impact of the Olympic Games it would be crucial to advertise Queensland as an affordable destination with excellent lifestyle and amenity.
Kerry Doss – Deputy Director General at the Department of State Development, Infrastructure, Local Government and Planning said the next decade promised to be exciting but it was important to remember that it would ten years of change. There would be growing pains along the way as the community adjusted to growth and the changes it would bring. Moving forward there would be a key role for the property industry in communicating the benefits of growth and development to the community.
To gauge how much more momentum is left in the residential market, our moderator Jen Williams threw some questions out into the audience, who answered yes or no with paddles. There was an overwhelming sea of green paddles indicating that residential demand would continue to be strong for another twelve months. It is quite clear there is confidence that the residential property market still has sustainable growth ahead.
The Property Council also wishes to thank our keynote speaker and panellists for the generosity of their time and insightful discussion over lunch.
For more information on the Queensland Residential Committee, please contact Senior Policy Advisor, Julia Dixon.
Future Directions: ‘Battle of the Burbs’
More than 100 attendees were treated to a lively discussion at The Grove at 480 Queen Street as real estate agents duelled it out over the merits of property on each side of the Brisbane river.
Brisbane’s North Side was well represented by Mario Sultana – Place Newmarket and Shenal Yigitbas – Ray White Ascot who cited the North Side’s schools, character and heritage assets as key points of difference that made the best side of the river to invest in.
Darcy Lord – Belle Property Bulimba and Tamara Hall – RE/MAX Bayside returned fire citing the South’s amenity, parkland and growth potential as the key reasons as to why prospective property investors should buy on the Southside.
The debate was moderated by Jamie Charman from Charman Property. The Property Council wishes to thank our debate moderator and panellists for an engaging and robust discussion. After a vote from the audience, the North Side were narrowly victorious, despite compelling arguments from both sides of the river.
For more information on the Queensland Diversity and Inclusion Committee, please contact Research and Policy Officer, Bryn Moffatt.
Private Health Breakfast – The New Anchor?
The Property Council welcomed over 2 attendees to a breakfast event at the Sofitel Hotel to examine some leading private health developments and to discuss the rapidly growing sector.
At the breakfast, Kerry Armstrong – Commercial Manager for Australian Unity at Herston Quarter, Paul Barber, Managing Director, Barber Property Group and Anthony Ryan, CEO, Youngcare discussed their view on the growth areas within the private health sector and how their organisations were responding to this demand.
Kerry Armstrong provided an update on the Herston Quarter, the first public health facility in Australia to be built from private capital. Kerry also underlined the need for increased government investment in the social infrastructure sector.
Paul Barber discussed Barber Property Group’s cutting edge mixed-use development at 375 Wickham Terrace at Spring Hill. The facility would be home to both a hotel and medical suites and intends to leverage the surrounding suburbs concentration of health facilities and professionals. He also outlined that the adjacent hotel would be the perfect accompaniment for patients recovering from short stay surgeries and to attract medical tourists.
Anthony Ryan talked about the beginnings of Youngcare and how there had been a growing demand for an organisation to fill a gap in care provision for young people with high needs. Until Youngcare was established in 2005many younger people with high care needs had been left with no option but to reside in aged care facilities. Anthony also discussed the growing Specialist Disability Accommodation sector (SDA) and explained that providing Specialist Disability Housing was a rewarding but highly challenging undertaking that required a high level of knowledge of the disability sector.
A key takeaway from the event was that private health was a unique and complex asset class with a variety of funding models. However, the long-term growth of the sector would need to be supported from increased funding and support from Government.
The conversation was expertly moderated by Patrick Lane-Mullins, Director, Archdiocesan Services and Chair of the Property Council’s Social Infrastructure committee. Thank you to both Patrick and our expert panel sharing their insights and trends ahead in this emerging sector.
This well attended event would have not been possible without event sponsor RCP.
For more information on the Queensland Social Infrastructure Committee, please contact Research and Policy Officer, Bryn Moffatt.