Property developers demand to be set free to fix housing crisis

The property industry has claimed unshackling developers from red tape and financial hurdles was the only way to fix the housing crisis.

Sep 28, 2023, updated Sep 28, 2023
Jen Williams, Queensland Executive Director of the Property Council of Australia (AAP Image/Darren England)

Jen Williams, Queensland Executive Director of the Property Council of Australia (AAP Image/Darren England)

The Property Council claimed that since the housing summit in 2022, “little in the way of new housing has been delivered” despite some positive initiatives.

“The only way to circumvent this issue and get housing on the ground in the short term is to reduce the planning, regulatory and financial barriers to development,” the council’s Queensland executive director Jen Williams said.

“This may include government decisions to reduce infrastructure charges, foreign tax surcharges or remove some of the regulatory burden that can add time and cost to development.”

Williams pointed to the Brisbane City Council’s infrastructure charge incentive scheme as a way of cutting through.

“Queensland’s population is not getting smaller. New homes take time to plan and build,” Williams said.

“Through fast-tracking decisions that will bring new supply online, Queensland will have the best chance of getting ahead of this crisis and ensuring a home for every Queenslander.”

Her comments came after the results of the Property Council survey of its members which showed sentiment in the sector was improving and now well above neutral. However, 50 per cent said housing supply was the biggest issue.

The survey also found that the industry expected strong growth in house prices over the next 12 months but office capital growth expectations were down significantly across the nation.

The industry also gave a thumbs down to the Federal Government with members in all states negative about its performance in delivering policies that encouraged jobs and economic growth.

Queensland, the ACT, NSW and Victoria were also negative about their respective state governments’ roles in planning and managing growth.

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The lack of faith in the Government is not unusual for the property sector which has been on bad terms with the State Government for a long time.

The State Government has been asked for comment.





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