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Infrastructure reform announced...

Infrastructure reform announced in Queensland

New infrastructure could boost Queensland's property sector.
Queensland has announced a series of infrastructure reforms that it claims will lead to reduced land rental costs and greater security of tenure.

Deputy premier and minister for state development, infrastructure and planning Jeff Seeney stated that the plans will help secure a brighter future for rural and regional Queensland.

He explained the passing of the Land and Other Amendments Bill 2014 is set to encourage long term investment certainty in Queensland.

Mr Seeney added: "Our government is reining rents in and easing the financial burden on rural leaseholders which will boost the sector, creating jobs and growing the economy."

The latest Veda Quarterly Consumer Demand Index recently showed mortgage demand in Queensland has increased by 10.5 per cent in the last year.

Better pathways to freehold titles were also included in the new reforms, which were partly outlined by minister for natural resources and mines Andrew Cripps.

He said: "Rural rents for primary production term leases, licences and permits along with the annual cap on rent increases will all be halved."

Posted by Steve Douglas 

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