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Tuesday, February 27, 2024

Property Council welcomes Queensland authorities’s housing initiative

Property Council welcomes Queensland authorities’s housing initiative | Australian Dealer Information

The council appears ahead to extra developments

Property Council welcomes Queensland government's housing initiative

The Property Council of Australia has expressed its help for the Queensland authorities’s dedication in addressing the housing disaster with its Properties for Queenslanders plan. The announcement, which outlines a sequence of incentives to expedite housing supply, has been met with commendation from the council.

Jess Caire (pictured), the incoming Queensland govt director of the Property Council, applauded the federal government’s announcement to inject $350 million into infrastructure waivers geared toward catalyzing housing development throughout the state. Caire emphasised the importance of this transfer, citing the escalating prices related to constructing properties in Queensland.

“It has by no means been dearer to construct properties in Queensland and it is a welcome initiative that can help in quick monitoring a lot wanted provide by addressing the one greatest barrier to supply– price,” mentioned Caire.

Caire mentioned the findings of analysis commissioned by the Property Council final 12 months, which emphasised the pivotal function of infrastructure charging reduction in facilitating improvement and accelerating the tempo of latest housing tasks. The announcement resonates with {industry} suggestions, which has persistently advocated for measures to bolster the viability of such tasks.

“It’s pleasing to see the federal government has listened to {industry}’s suggestions that extra must be achieved to bolster the viability of latest housing tasks,” mentioned Caire. “We stay up for working with them on the element to make sure it achieves its supposed end result – quickly unlocking a lot wanted housing provide for Queenslanders.”

Along with infrastructure waivers, the Property Council lauded the federal government’s dedication to collaborating with the {industry} to pilot tasks on government-owned land, incorporating a mixture of market and inexpensive housing choices. Caire highlighted the pivotal function of the non-public sector in assembly Queensland’s housing calls for, noting the significance of government-industry collaboration in expediting housing provision.

“Right this moment’s announcement is a welcome one,” mentioned Caire. “We encourage the federal government to contemplate additional complementary initiatives reminiscent of reviewing outdated land tax settings that proceed to drive up the price of housing.”

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