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“Fewer lots mean fewer homes, higher prices and a tighter rental market. This also means fewer reasons for new industries and businesses to invest in Cairns with limited accommodation available for workers.
“Detached houses have always done well and will continue to do the heavy lifting for housing supply in Cairns. This requires new land and recent indicators confirm that the future pipeline of residential land is declining,” added Mr Fry.
“Recent data from the Queensland Government supports industry concerns that the future pipeline of residential land is in critical shortages. From 2019 to 2023, lot approvals fell by around 60 per cent when compared to the previous five-year period (2014–2018)1. Mount Peter will play a key role in ensuring enough new houses can be built in Cairns.
“Mount Peter has a long history but little progress. This area went through an extensive structure planning process in 2008. More than 15 years later, it is unacceptable this area remains mired in uncertainty relating to essential infrastructure.
“While past councils have dropped the ball, the current council needs to pick it up fast, securing a funding arrangement from both levels of government for infrastructure will empower industry to bring new-shovel ready land to the market sooner.
“Industry, local businesses and aspiring homeowners need Council to advocate for them to ensure Cairns is front of mind when the Crisafulli Government reviews applications to their new $2 billion infrastructure fund or any other opportunities to get Mount Peter back on track,” concluded Mr Fry.
Over the past few weeks HIA has been advocating strongly on behalf of members on a range of policy and regulatory issues that have significant implications for housing supply, business confidence and the capacity of our industry to deliver the homes Australia needs.
The Housing Industry Association (HIA) has today written to the Tasmanian Government calling for a commitment that state-funded and state-partnered housing work will continue to be awarded on merit, not industrial arrangements, warning new federal procurement rules could shrink the pool of builders able to deliver the homes Tasmania needs.
The Victorian Government continues to push ahead with its Working from Home laws despite the Housing Industry Association’s (HIA) call for it to abandon its proposed legislation, warning the changes would impose additional regulatory pressure on businesses already struggling and kill productivity.
Hobart has been identified as the most restrictive capital city in Australia for planning, according to the Australian Zoning Atlas, which found 97 per cent of the city's residential land is subject to restrictions that limit new housing.