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Reforms 'needed to boost property market in Queensland'

For the Australian property market to flourish, the government needs to make five particular reforms.

The government urgently needs to make five specific reforms if the Australian property market, particularly in Queensland, is to flourish.

This is according to the Property Council of Australia's recently launched 2011 Advocacy Agenda.

One of the Property Council's five reform targets is for the government to cut taxes, fees and charges relating to Australian property.

The second and third targets are for the government to invest in infrastructure and plan for growth.

Fourth on the list is to speed up and depoliticise development assessments and the fifth merely calls for "leadership now".

"We need the strong leadership demonstrated by government during the natural disasters of early 2011 to continue and be applied to reigniting Queensland's economy," said Queensland executive director of the Property Council Kathy Mac Dermott.

Back in December, Peter Jones, chief economist at Master Builders, said that the government needs to make policy changes to tackle the current undersupply of housing in Australia.

 

Posted by Ravin Chatlani

- property, reform, government

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