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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.
“There were 9,490 detached homes approved in the month of April 2025, up by 3.3 per cent compared to the previous month,” stated HIA Senior Economist Maurice Tapang.
The Treasurer has handed down the 2025/26 Tasmanian Budget. The Budget focuses on alleviating cost of living pressures, health, education and infrastructure, while mapping out a path to a fiscal balance surplus in 2032/2033.
“The NSW planning system has failed to deliver the number of homes we desperately need and we fully support removing the politics from housing, to address this growing crisis,” said Brad Armitage, HIA Executive Director NSW.
The Victorian Opposition’s announcement that it would remove stamp duty for first-home buyers spending up to $1 million on a new or existing home if elected at next year’s state election, is a positive step towards improving home affordability,” says Steven Wojtkiw, HIA Victoria Deputy Executive Director.