Global Power | Local Knowledge | Uniquely Personal
All Articles News FAQs Videos
中文

Councils 'could make Australian property more affordable'

Property in Australia could be made more affordable if local councils reduced infrastructure charges, the Property Council of Australia has asserted.

Local councils could easily make property in Australia more affordable, the Property Council of Australia has claimed.

Kathy Mac Dermott, executive director of the Queensland branch of the council, said that many councils are currently making housing unaffordable due to the high infrastructure charges they impose and the lack of sound infrastructure planning.

"The reality is that a number of councils are not delivering their planning and development assessment functions in a timely manner," she added.

Ms Mac Dermott went on to suggest that the Urban Land Development Authority (ULDA) counteracts the inefficiencies of local councils and said to wind back its powers would be "irresponsible".

She concluded that Queensland's government should use the ULDA to "ensure adequate land supply in designated growth areas by 2015".

Earlier this month, John McGrath of McGrath Estate Agents wrote in his blog that the Australian property market will experience strong growth this year.

Posted by Ravin Chatlani 

- property, councils, infrastructure

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.

中文

Subscribe Now