The Gold Coast, renowned for its pristine beaches and vibrant lifestyle, is facing a mounting challenge: a severe shortage in affordable housing supply, leaving young professionals in the lurch. As demand continues to surge, the gap between supply and demand widens, exacerbating affordability concerns and limiting housing options for the region’s burgeoning workforce.

The YP Gold Coast Committee recently attended the Property Council of Australia (PCA) event ‘What is the Outlook for Housing Supply?’ last Friday, 23rd February 2024, relating to the housing supply on the Gold Coast. Notably, there were a number of discussions relating to why this housing supply shortage is so mismatched with the demand. The demand for housing, particularly in urban centres and coastal areas, continues to surge, and the supply of available properties has continually failed to meet these escalating needs.

Promisingly, Meaghan Scanlon – the Minister for Housing, Local Government and Planning and Minister for Public Works, stated that the Queensland Government was working through solutions with talks of infill development grants and a state-facilitated development unit.

Our concern with this approach is that the private sector is delivering a staggering 95% of homes, and the prices of these homes are only surging higher. Relative to other regional markets, the Gold Coast has recorded one of the highest rates of dwelling value growth over the past year at 11.15%.

Not enough is being done for young professionals and first home buyers, with this housing crunch translating into fierce competition and limited options. Rental prices have also skyrocketed, placing immense strain on the budgets of those entering the workforce or navigating early career stages. Many find themselves grappling with exorbitant rental costs, which often consume a significant portion of their income, leaving little room for accumulating savings to get into the property market or invest in other areas of their lives.

The PCA event identified that addressing the Gold Coast’s housing supply shortfall demands a multifaceted approach that involves collaboration between policymakers, developers, community stakeholders, and industry players. The YP Gold Coast committee are eager to see greater efforts to streamline regulatory processes, incentivise affordable housing developments, and promote sustainable urban planning practices as essential steps toward fostering a more equitable and inclusive housing landscape.

Young Professionals Gold Coast Announces New Leadership to Drive Committee Forward

Young Professionals (YP) Gold Coast, the City’s leading networking and advocacy organisation for young professionals, has announced a changing of the guard bringing new leadership and a refreshed committee for 2024.

Former YP Gold Coast President Matthew Dodds has handed over the lead role to Joshua Lumley (Managing Director of Prmpt R&D Consulting), who previously served the committee in the role of Treasurer.

Joshua brings a wealth of experience and a fresh vision to lead YP Gold Coast into a new era, joined by the executive leadership team.

Continuing in their existing executive leadership roles are Vice President, Jacqueline Bojanowski (Director at Iggy Agency), and Secretary, Nicholas Rossi (Senior Associate at Marino Law) – their diverse skills and insights will continue add significant value to the committee’s operations.

In a notable transition, Adin Kenavan (Senior Accountant at PKF Gold Coast) takes over the role of Treasurer from general committee member, bringing a fresh perspective to the financial management of the organisation.

The committee is further strengthened by the continued dedication of general committee members James Fulton-Kennedy (Financial Adviser at Morgans Gold Coast), Lawrence Coulson (Senior Quantity Surveyor at RLB), Maddison Hunter (Associate at Lawnch), Madison Cooper (Account Director at Media Hunt Communications), Shannon Allen (Business Development Manager at BITS Technology Group), and Liam Morris (Principal Planner at Colliers).

YP Gold Coast also welcomes their newest addition, Megan Owen-Jones (Brand Coordinator at Social & Staple) as general committee member to drive the brand’s marketing activity.

This announcement is also a moment to honour the remarkable contributions of the outgoing President, Matthew Dodds. His impressive 5-year tenure on the YP Management Committee has been marked by significant achievements and enduring impact. Under his leadership, the organisation has flourished, setting a strong foundation for its future endeavours.

Joshua Lumley, in his inaugural address as President, expressed immense gratitude to Matthew Dodds for his tireless service and pioneering vision.

“Matt’s leadership has been instrumental in shaping YP Gold Coast into a dynamic and influential organisation,” said Lumley.

“We are committed to building on his work and continuing to drive world-class events and advocacy for young professionals here on the Gold Coast with some exiting things to come in 2024”.

As YP Gold Coast embarks on this new chapter, the refreshed committee is poised to elevate the organisation’s impact, fostering a vibrant community of young professionals and contributing to the broader Gold Coast region’s development as one of Australia’s fastest growing cities.

For more information about YP Gold Coast, its events, and initiatives, please visit ypgc.com.au.

Attracting over 400 of the brightest young professionals, this was without a doubt the greatest City Leaders Forum yet.

Presented by Morgans Gold Coast, the forum featured guest speakers:

  • Mark Bouris
  • David Crisafulli MP
  • Adrienne Readings; and
  • Andrew Tang

Catch out our event recap here! And our event photos here!

Author: Matthew Dodds

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