The Queensland government has this week released details of its Six-Month Action Plan to drive the economic regeneration of the state, with potentially significant benefits for the property sector.
Among the proposals outlined by the authorities is the commencement of construction on the 1 William Street project, which is likely to kick-start the entire construction industry in Brisbane, with potential knock-on effects within the residential building sector.
The streamlining of planning permission applications is also likely to provide a boost to the property market, with time and money being saved on all construction projects.
The Property Council of Australia has reacted positively to the plan, particularly regarding the changes to infrastructure charges.
Queensland executive director of the Property Council, Kathy MacDermott, commented: "The Property Council has long advocated for a review of the state’s taxation system, and infrastructure charges form a crucial element of this much-needed reform."
