The Property Council of Australia has highlighted the need for affordable Australian housing if population growth is to be managed.
The ability to offer affordable Australian housing is a "core ingredient" in managing Queensland's population growth, it has been claimed.
State government initiatives towards coping with increasing residents have been welcomed by the Property Council of Australia, but it says more work is needed.
Further action and continued focus is required, according to Steve Greenwood, executive director of the Queensland office for the Property Council of Australia.
"The government's commitment to nail the infrastructure charges issue once and for all is welcome – however we are awaiting a clear plan of action on this issue," he commented.
Fast-tracking of greenfield developments and the issue of a Queensland Infrastructure Plan should also aid Australian property affordability, Mr Greenwood continued.
"It is also important that we don’t just plan - we deliver," he added.
Mr Greenwood has also warned against placing higher taxes on the Australian property industry, saying this would only stretch the sector further.
Posted by Craig Francis
DISCLAIMER: All information provided is of a general nature only and does not take into account your personal financial circumstances or objectives. Before making a decision on the basis of this material, you need to consider, with or without the assistance of a financial adviser, whether the material is appropriate in light of your individual needs and circumstances. This information does not constitute a recommendation to invest in or take out any of the products or services provided by SMATS Services (Australia) Pty Ltd or Australasian Taxation Services Pty Ltd.
COPYRIGHT: All information provided is protected by international copyright laws. You may not copy, reproduce, distribute, publish, display, perform, modify, create derivative works, transmit, or in any way exploit any such content, nor may you distribute any part of this content over any network. Copying or storing any content is expressly prohibited without prior written permission of SMATS Group or the copyright holder identified in the individual content's copyright notice. For permission to use the content on please contact info@smats.net.