25th March 2025
As a property investment specialist overseeing more than 1,200 properties across Southeast Queensland, I’ve witnessed firsthand the impacts of our housing supply challenges. Recent research from the Property Council of Australia (PCA) reveals a concerning forecast: Australia is set to fall 462,000 homes short of its 2029 housing target, with Queensland facing a significant 96,000-home deficit.
The Housing Supply Challenge: By the Numbers
National Overview:
– Target: 1.2 million new dwellings by 2029
– Projected shortfall: 462,000 homes
– Economic impact: $128 billion in potential economic activity
– Job creation potential: 368,000 jobs
Queensland’s Position:
From our experience managing properties across Greater Brisbane, Gold Coast, and the Southern Sunshine Coast, we’re seeing the direct impact of this shortfall:
– 96,000 homes needed in Queensland alone
– Increasing pressure on rental markets
– Rising demand for quality property management services
Impact on Property Investors and Tenants
Rental Market Implications:
– Current renters could save approximately $90 per week if supply meets demand
– Collective weekly savings potential: $253 million across 7 million renters
– Increased competition for quality rental properties
Investment Opportunities:
As property management specialists, we’re observing:
1. Strong rental demand across our service areas
2. Sustained yield potential for well-maintained properties
3. Increased importance of professional property management
Government Initiatives and Solutions
The New Homes Bonus Program:
The PCA is advocating for improvements to the $3 billion reward program, including:
– Extension to seven years
– Increased funding to $6 billion
– Enhanced transparency and reporting
– Broader state participation beyond ACT
Property Council CEO Mike Zorbas emphasises, “Boosting housing supply is the only long-term, sustainable way in which we can boost affordability of homes to buy and to rent.”
What This Means for Southeast Queensland Investors
Based on our market experience:
1. Investment Timing
The current supply shortage presents a unique opportunity for property investors, particularly in high-demand areas across Southeast Queensland.
2. Property Management Focus
Professional property management becomes increasingly crucial to:
– Maximise rental yields
– Maintain property values
– Ensure compliance with changing regulations
– Screen and retain quality tenants
3. Market Positioning
Properties that are well-maintained and professionally managed will likely see:
– Sustained tenant demand
– Competitive rental rates
– Strong potential for capital growth
Strategic Recommendations for Property Owners
1. Property Maintenance
– Invest in regular maintenance
– Consider strategic upgrades
2. Professional Management
– Ensure competitive rental pricing
– Implement thorough tenant screening
– Maintain clear communication channels
3. Long-term Planning
– Consider portfolio expansion opportunities
– Monitor market trends and supply indicators
– Stay informed about policy changes
Looking Forward
As Southeast Queensland continues to face housing supply challenges, property investors who maintain well-managed, quality properties are likely to see sustained demand and strong returns. At Living Property Management, we’re committed to helping investors navigate these market conditions while maximising their investment potential.
For professional guidance on managing your investment property in Southeast Queensland’s challenging market, contact Living Property Management at 1300 885 624 or visit https://www.livingpm.com.au.
Martin Graham, Living Property Management
References:
– Property Council of Australia (PCA)-Mandala Partners report
– Property Council chief executive officer Mike Zorbas
– Living Property Management market data and insights