Supply crunch, policy uncertainty – What’s happening in the property market?

In this episode of The Pure Property Podcast, co-hosts Phil Tarrant and Paul Glossop discuss the post-election results and how the pledge housing policies are criticised for ignoring the core crisis of chronic housing undersupply. The duo discuss how critics have argued that the pledge proposals are short-term fixes that fail to resolve the core issue of housing undersupply, with measures such as stamp duty cuts and first-time buyer grants offering limited impact without addressing how to build homes more efficiently and affordably. The co-hosts then analyse the current property market using CoreLogic’s latest data, which showed that the market is broadly recovering, with growth recorded in every capital city in April. The FAST 50 report, set to launch soon, is expected to highlight top investment areas with strong growth potential through 2026. However, challenges remain, such as record-low new listings, underscoring persistent supply constraints. Investor confidence is also being tested by potential new taxes on unrealised super fund gains. While the overall market shows resilience, growth is slowing in leading cities like Brisbane, Perth, and Adelaide.