Industry welcomes release of Land Supply and Development Monitoring Report
Queensland’s property industry has welcomed the release of the inaugural South East Queensland Land Supply and Development Monitoring Report.
The report measures residential and industrial land supply, development activity along with land and housing prices against benchmarks and employment planning baselines contained in the ShapingSEQ Regional Plan.
Property Council Queensland Executive Director, Chris Mountford, congratulated the Queensland Government and SEQ local governments for their collaboration in achieving this new report.
“Monitoring and reporting on the implementation of the SEQ Regional Plan is something the property industry has been calling for over many years,” Mr Mountford said.
“Only by accurately tracking supply and demand can we achieve stronger, evidenced based decisions about future land supply in South East Queensland.”
“While the Property Council will be proposing some refinements to the methodology, it is important to recognise that this is the foundation year for the monitoring program.”
“This year’s report is a first step – but a big first step.”
“Over time this report will become an invaluable input into our planning system, enabling us to ensure South East Queensland remains a livable and affordable region well into the future.”
“The importance of this program will only grow in the years to come as more data is analysed, refined and used to guide the decisions of local planners and policymakers.”