Queensland property confidence attracts Premier's attention

Jennifer DukeDecember 7, 2020

The Property Council of Australia - ANZ Property Industry Confidence Survey, which saw Queensland's confidence surge by 10 points over the March quarter, has attracted the notice of Premier Campbell Newman.

With the result noting that property confidence in Queensland is now stronger than that of any other state or territory, Newman said that it outlined the capacity to do business in the state.

“It’s also great to see that Queensland is the only State where the majority of industry professionals believe the State Government is doing a good job in planning and managing growth," he said.

The survey also saw the highest expectation for economic growth for Queensland over the coming year, which Acting Treasurer John McVeigh said is a marked change over the last six months.

“Planned property construction for the March quarter has also surged ahead, particularly for the residential sector," said McVeigh.

The Government's reform agenda, that including a new planning policy, assessment and referral agency, two regional plans and the creation of a number of Priority Development Areas, is being noted by Acting Minister for State Development Infrastructure and Planning, Ian Walker, has having an effect.

“This year we will be focusing on finalising the local infrastructure charges system, introducing a new concise planning act to replace the current convoluted legislation, finalising the Cape York regional plan, preparing a new southeast Queensland regional plan, and reforming the structure and content of future local government planning schemes," said Walker.

jduke@propertyobserver.com.au

Jennifer Duke

Jennifer Duke was a property writer at Property Observer

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