The appointment of Treasurer Andrew Fraser as Deputy Premier of Queensland was welcomed by the property industry at what is a critical time for the sector, according to the Property Council of Australia.
The Deputy Premier has a strong understanding of the role of the property industry in the Queensland economy and a track record of engaging with the sector, Queensland Executive Director of the Property Council Kathy Mac Dermott said.
“The property industry is the largest private sector contributor to Queensland’s economy, and the single largest source of Queensland’s taxation revenue,” Ms Mac Dermott said.
“Unlocking investment in Queensland’s property sector is a critical component in achieving Queensland’s economic recovery and delivering the generational benefits from the resources boom.
“The Deputy Premier understands that if Queensland’s property and mining industries are able to operate at their full potential, the state will enjoy a sustained economic upturn.
“The Deputy Premier has a track record of consulting with the property industry and a commitment to attract investment and we look forward to working with him to restore competitiveness and investment across the state.”
The Property Council also wished Paul Lucas well for his retirement after 15 years in Queensland Parliament representing the electorate of Lytton.
“We will continue to work with Mr Lucas in his capacity as Attorney-General, Minister for Local Government and Special Minister of State in the lead up to the next election, as we tackle major challenges, such as delivering on the Major Projects Office, infrastructure charges reform and seeking greater industry consultation on the draft Queensland Coastal Plan.”