#Australia #Perth #CapStone Holdings #Blaq Projects #Australia Housing

Addressing Australia’s Housing Shortage

In response to the significant housing demand in Australia, CapStone Holdings Inc., a leading U.S. family office, has announced an expansion of its partnership with Australian real estate development firm, Blaq Projects. This collaboration comes as the national rental vacancy rate has plummeted to a record low of 1.1% as of March 2025, prompting urgent action in the residential property market.

An Urgent Situation

According to recent statistics released by SQM Research, Australia is currently facing a housing shortfall of over 460,000 homes, a challenge that could persist through the end of the decade. The Australian Financial Review highlights that this housing crisis has escalated due to both population growth and an increase in disposable income, which are fueling demand for quality housing.

With a shared goal of alleviating this pressure, CapStone and Blaq Projects have previously launched and managed over USD 1.1 billion in real estate developments since 2020. The aim of their expanded collaboration is to create sustainable, mid-density residential communities focused in booming urban areas such as Sydney, Wollongong, and Perth.

A Vision for Growth

Chelsey Turbyfill, Vice President of Finance at CapStone Holdings, emphasized the strategic nature of this investment. “Australia's housing market is experiencing unprecedented demand, which provides both a need and a unique opportunity for investment,” she stated. “Our partnership with Blaq Projects positions us to meet that demand with innovative and high-quality construction.”

Jared Beneru, Managing Director at Blaq Projects, echoed Turbyfill’s sentiments, adding that this partnership allows for entry into high-growth markets, bolstered by financial strength and strategic alignment, which are crucial for delivering long-term impacts.

Currently, under this partnership, the Orchard Terrace project is being constructed. This ambitious undertaking comprises a luxury apartment complex with 227 units, located in the vibrant inner-city suburb of Subiaco, Perth. This project represents just one of the many developments stemming from their collaboration, which has already seen the successful completion of six mixed-use residential projects across Australia.

Commitment to Community

Beyond residential projects, CapStone’s commitment to Australia includes involvement in sports investment through GameAbove Sports. This initiative highlights their dedication to advancing youth development and athletic excellence through investment in various athletes and sports academies. Collaborating with organizations like the Bruton Basketball Foundation, GameAbove Sports aims to create mentorship opportunities and support for underserved communities, fostering growth and development among youth.

“Australia is more than just a promising market for us; it’s a place where we are invested not only in projects but in the people and communities that we serve,” remarked Turbyfill.

About the Partners

Blaq Projects is an innovative property development and construction company focused on quality and cost-effective building solutions. They have established a reputation for excellence in the industry over the years, completing over 70 projects nationally.

On the other hand, CapStone Holdings operates as a family office structured holding company, maintaining a well-balanced portfolio designed for innovation and high returns while minimizing risk. With over 33 years of experience, CapStone is committed to diverse investments and social responsibility.

For more information about the efforts to address Australia's housing demands, visit CapStone Holdings and Blaq Projects.