The Property Council of Australia has congratulated the State Government on delivering the actions identified in its first 100 day plan, but has encouraged the government to maintain the momentum and focus through the next 100 days and beyond.
Many of the actions in the 100 day plan are aimed at growing the property industry as one of the four pillars of the economy, Queensland Executive Director of the Property Council of Australia Kathy Mac Dermott says.
“The reinstatement of the Principal Place of Residence transfer duty concession will enable more mobility in the marketplace, freeing up housing that no longer suits the needs of current owners.”
“Of particular benefit to the industry will be the planning reform and infrastructure initiatives begun by the new Government,” Ms Mac Dermott says.
“Over the last 100 days, the Property Council has been working closely with Assistant Minister for Planning Reform and industry ‘go to’ person, Ian Walker, to assist the Government in determining priorities for action.”
“This consultation process has sent a clear signal the Government wants to work with industry and local government to fix our ailing planning system.”
“Throughout the election campaign, the Property Council advocated for the establishment of ‘Infrastructure Queensland’ along with an investment partnership body, to ensure long-term infrastructure planning is linked with economic development.”
“The Deputy Premier’s announcement last week of the establishment of ‘Infrastructure Queensland’ and ‘Queensland Projects’ was welcomed as a win for the property industry.”
“However, this is only the beginning. The reality is that the next 100 days are just as important for the property industry.”
“We need to see the momentum established over the past 3 months maintained, particularly in the critical areas of planning reform and infrastructure planning.”
“In the next 100 days the State Government will also hand down its budget, which will send a clear signal to investors about how the Government intends to restore our competitiveness with other states.”
“The budget must not only focus on short-term revenue raising measures, but also set a deadline for a whole-of-state tax review to identify and rectify the inefficiencies and inequities in our out-dated taxation system.”
“There is no doubt the first 100 days have begun to move the State in the right direction, the challenge now is to continue the momentum.”