The fortunes of the property sector – all the way from the housing market to CBD office towers – have been riding the rollercoaster of the interest rate cycle over the past year. Nowhere was the volatility more apparent than the housing market, where prices plunged throughout last year. By early this year though, a modest recovery emerged as buyers, sellers and lenders took heart that the end of the cycle was in sight.

That hasn’t helped in the rental market, where a lack of supply has pushed rents sky high. Making matters worse, builders buckled under fixed-price contracts as costs soared. Solving the housing crisis by delivering more supply tops the national agenda, for government, business and the not-for-profit sectors.