Government moves to collaborate with property sector on housing and infrastructure
The Queensland government will reinstate the Property Consultative Committee, providing a platform for industry representatives to offer direct input on property-related policies, Treasurer David Janetzki has announced.
The move aims to strengthen collaboration between the government and the private sector, which is responsible for 97% of the state’s housing supply.
Queensland Property Council executive director Jess Caire (pictured above) welcomed the announcement, saying it demonstrated the government’s commitment to working with private developers and investors.
“As we know, governments around the country are facing severe fiscal pressures, and so the private sector will have to play a critical role in building the housing, offices, industrial space, hotels and hospitals Queensland needs,” she said.
Caire highlighted the importance of industry expertise in addressing the state’s infrastructure and housing challenges. She said the committee would serve as a forum for discussions on barriers affecting project feasibility, including rising construction costs, regulatory hurdles and tax burdens.
“Our members are facing numerous headwinds in terms of construction costs, red tape and taxation barriers, which impact project feasibility and make it harder to build the infrastructure we need,” she said.
She also pointed to concerns about Queensland’s international tax policies, which she said placed Australian-based developers at a disadvantage, affecting housing supply.
“The new consultative committee will be the forum where industry can raise these challenges in a constructive manner and work through them with government,” Caire said.
She added that the Property Council appreciated the government’s willingness to engage in open discussions with the sector and looked forward to contributing through the committee.
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