Property Council Queensland Executive Director Jess Caire said that the increase reflected a range of positive announcements made by government including the Residential Activation Fund, the review of Queensland's ex-gratia relief guidelines and Brisbane City Council's review of the city's Low to Medium Density Residential zone.
"Industry's message that we must pull all available levers to increase supply has been heard loud and clear by government," Ms Caire said.
"Over the last few months we have seen a series of positive announcements including the allocation of $1 billion to critical infrastructure to enable the delivery of new housing, a review of the state's investment stymying ex-gratia tax concession guidelines, the State's $165 million Boost to Buy scheme and a Council review into Brisbane's Low-to-medium density residential zone to help facilitate new housing.
"These commitments from government, in conjunction with the prospect of the 2032 Olympic and Paralympic Games, has led to Queensland having the highest expectations for economic growth out of any state.
"Moving forward the Property Council looks forward to working with government on measures to harness this confidence and build momentum by ensuring further barriers to the delivery of new supply are removed.
"In particular, we look forward to providing input into the upcoming review of the State's ex-gratia guidelines so the review can be leveraged to ensure we are able to attract the investment Queensland needs to respond to our record level of growth and demand," Ms Caire said.
