Property Council welcomes Queensland authorities’s housing initiative

The Property Council of Australia has expressed its assist 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 government director of the Property Council, applauded the federal government’s announcement to inject $350 million into infrastructure waivers aimed toward catalyzing housing building 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 this can be a welcome initiative that may help in quick monitoring a lot wanted provide by addressing the only largest barrier to supply– price,” mentioned Caire.

Caire mentioned the findings of analysis commissioned by the Property Council final yr, which emphasised the pivotal function of infrastructure charging aid in facilitating improvement and accelerating the tempo of recent housing initiatives. The announcement resonates with {industry} suggestions, which has constantly advocated for measures to bolster the viability of such initiatives.

“It’s pleasing to see the federal government has listened to {industry}’s suggestions that extra must be performed to bolster the viability of recent housing initiatives,” mentioned Caire. “We sit up for working with them on the element to make sure it achieves its meant 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 initiatives 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.

“At the 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 “We encourage the federal government to contemplate additional complementary initiatives reminiscent of reviewing outdated land tax settings that proceed to drive up the price of housing.”

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