The Property Council of Australia said today that the new Premier of Victoria will face major infrastructure challenges and should be prepared to make some tough decisions that will shape the future of Victoria for decades.
The Victorian Executive Director of the Property Council, Jennifer Cunich, said the government shouldn’t rest on its laurels.
“It faces major issues over the next few years and it is hoped the new Premier will address them head on. These include infrastructure projects, such as public transport and roads, to ensure the long term viability of Victoria’s economy and its future,” Ms Cunich said.
“Governments aren’t elected just to make reactive decisions. They’re also elected to make decisions for the future. And we are hoping the next Premier is more proactive in the infrastructure area, given the wonderful fiscal position Steve Bracks will leave to his successor.
“The economy doesn’t really get much better than its current state. With revenue streams flowing, these opportunities shouldn’t be wasted. There perhaps won’t be a better time in the foreseeable future to get on with making tough decisions.
“The Property Council has worked well with the Victorian Government to achieve major reform in the property industry, particularly in land tax over the last four years. We will continue to do so under the new Premier.”
It is mooted that the Treasurer will be the next Premier and the Property Council believes he is an outstanding candidate to lead our state in facing the challenges ahead.
“As acknowledged by Premier this morning, we believe John Brumby is an excellent candidate to succeed him. We share the Treasurer’s vision for regulatory and tax reform which will help the Victorian economy continue to grow,” said the Victorian President of the Property Council, Andrew Sudholz.
“The Property Council would like to congratulate Steve Bracks for leading the state over the last eight years. He will be remembered as a Premier who brought stability and made Victoria a great place to raise a family and do business. We wish him and his family all the best,” Mr Sudholz said.
Petros Kosmopoulos, Public Affairs Manager, on (03) 9664 4226 or 0423 561 287