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Perth and regional Queensland face severe housing shortages, report finds

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Photo by Deva Darshan

Perth and regional Queensland dominated a new list of Australia’s most undersupplied housing markets, with Fremantle experiencing a 29 per cent drop in homes for sale despite significant population growth.

A white paper by InvestorKit analysed 330 regions nationwide, identifying 25 metropolitan and regional areas facing critical housing shortages in 2025.

The study revealed housing shortages have shifted from major capitals to smaller cities and regional areas since 2023.

Fremantle emerged as the most undersupplied market, with its population growing 14 per cent over the past decade while building approvals plunged 77 per cent in the last three years.

Perth’s Bayswater-Bassendean region recorded a 21 per cent decrease in available homes despite 7 per cent population growth over ten years.

Joondalup saw available housing stock fall 31 per cent as its population rose 4 per cent in the past decade.

In regional Queensland, Mackay’s housing listings dropped 40 per cent while its population grew 7 per cent over ten years.

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Gladstone experienced a 31 per cent decline in housing stock alongside 8 per cent population growth.

InvestorKit CEO Arjun Paliwal said increasing construction alone would not solve Australia’s housing crisis.

“The housing supply shortage cannot be resolved by simply building more homes,” he said.

“If that approach were effective, Australia wouldn’t find itself in this situation despite a 20 per cent increase in total dwelling stock over the past decade. Instead, we see the number of for-sale listings is 30 per cent lower than it was 10 years ago.”

The report also identified several undersupplied areas in South Australia, including Prospect-Walkerville, Mitcham, Port Adelaide-East, Tea Tree Gully and Onkaparinga.

Paliwal called for wide-ranging reforms to address the shortage.

“Australia needs a more evenly distributed population, better infrastructure services in regional areas, a more efficient planning system to streamline land supply and provide development certainty, and a fairer tax system to encourage stock mobility,” he said.

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