QUEENSLAND Treasurer David Janetzki has announced that the Government will re-establish the Property Consultative Committee, providing an avenue for the property sector to provide direct input and guidance to government.
Queensland Property Council Executive Director Jess Caire said the Treasurer’s announcement showed the Government’s commitment to working with the private sector, which delivers 97 per cent of Queensland’s housing.
“As we know, governments around the country are facing severe fiscal pressures and so the private sector will have to play a critical role in building the housing, offices, industrial space, hotels and hospitals Queensland needs,” Ms Caire said.
“The property sector has the experience and knowledge to support the Government in facing these challenges, and the consultative committee provides the perfect forum for industry and government to work together.”
Ms Caire said the consultative committee would also provide an opportunity for industry to highlight the current feasibility barriers impacting the Queensland property sector.
“Our members are facing numerous headwinds in terms of construction costs, red tape and taxation barriers, which impact project feasibility and make it harder to build the infrastructure we need,” she said.
“The new consultative committee will be the forum where industry can raise these challenges in a constructive manner and work through them with government.
“In particular, the Property Council looks forward to continuing to draw attention to how Australian-based developers are often unfairly penalised by Queensland’s international tax settings and the subsequent adverse impact this having on supply.
“The Property Council commends the Government for its willingness to engage in frank and fearless discussion.”
