The Property Council of Australia has outlined its key factors for the Queensland state budget.
Australian property taxes in Queensland must be stabilised, the Property Council of Australia has said.
Its 2010-11 Queensland State Budget Report Card also calls for ongoing infrastructure investment.
Director of the Queensland branch Steve Greenwood warned the state government to not repeat the mistakes of the past and hit the Australian property industry with higher taxes in a bid to improve the bottom line.
"In recent years the property industry has been stretched to the limit by the state's relentless increases in property taxes - particularly land tax," he commented.
A shortfall in economic infrastructure is still being seen, despite the population growing by 2,000 every week, Mr Greenwood continued.
This increase must be creatively managed rather than avoided, the property expert added, and authorities should react proactively.
A negative approach to population growth leads to under investment in local infrastructure, fewer jobs and a lack of affordable Australian housing, he warned.
Posted by Craig Francis
Australian property taxes in Queensland must be stabilised, the Property Council of Australia has said.
Its 2010-11 Queensland State Budget Report Card also calls for ongoing infrastructure investment.
Director of the Queensland branch Steve Greenwood warned the state government to not repeat the mistakes of the past and hit the Australian property industry with higher taxes in a bid to improve the bottom line.
"In recent years the property industry has been stretched to the limit by the state's relentless increases in property taxes - particularly land tax," he commented.
A shortfall in economic infrastructure is still being seen, despite the population growing by 2,000 every week, Mr Greenwood continued.
This increase must be creatively managed rather than avoided, the property expert added, and authorities should react proactively.
A negative approach to population growth leads to under investment in local infrastructure, fewer jobs and a lack of affordable Australian housing, he warned.
Posted by Craig Francis
