AGP Executive Report
Last update: 6 hours agoHousing Supply: Queensland’s target of one million homes over 20 years is running into a delivery gap: 34,627 homes were completed last year, against the 50,000 needed annually. Residents near a planned 450-home Banyo development say infrastructure and local concerns need more attention, while the industry says it needs 20,000 additional tradies. Rental Pressure: Tight supply is reshaping households: multigenerational families and friend groups now make up one in five applications at a Brisbane agency. In Perth, one renter’s share house has seen rent jump from $315 to $760 a week since 2019. Market Cooling: Australian home prices and auction activity are weakening as rate rises and tax changes weigh on buyers. The slowdown adds to concerns for developers, with 10,000 Brisbane and Gold Coast apartments reportedly shelved amid a $5.4 billion project shortfall. Project Finance: WA has opened a $250 million pre-sale guarantee scheme to help eligible apartment and townhouse projects secure finance, addressing a key barrier to getting new homes built.
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