“While it is clear the opportunities ahead for Queensland are exciting, the property sector is facing a never before seen set of challenges and it is critical for the new government to capitalise on the post-election momentum to take bold action to respond to the housing crisis,” Ms Caire said.
“The most immediate step should be to work with industry to review Queensland’s prohibitive taxes so we can start to recover the 33,000 homes lost due to our tax settings, as outlined in our recently released “Time for a Fair Go” report.
“Successive tax increases over the last decade have had a deep and negative impact on the delivery of new housing supply to market, with research showing Government taxes and charges contribute to one-third of the cost of a new home and land package – or apartment – in Brisbane.
“Reviewing and reducing government taxes on new supply are an immediate and obvious step that can make a real difference for Queensland.”
Ms Caire said collaboration between the property sector and government would be critical to delivering for Queenslanders.
“When he addressed a Property Council lunch earlier this year Mr Crisafulli spoke of the importance of industry and government working together.
“There has never been a more important time for collaboration and meaningful reform; reform that resuscitates our ailing housing supply, policy settings that adopt a ‘do no harm’ approach to industry, and infrastructure provisions that keep pace with population growth and planning schemes,” Ms Caire said.
“The next 100 days will be pivotal to the industry and to Queenslanders, and we look forward to working with the new Government to ensure those early days are impactful.”
Our housing is the most pressing challenge, we can’t lose sight of the important role the broader property sector in delivering for the future of Queensland.
“This includes the critical infrastructure needed to support our growing community, as well as the commercial offices, industrial precincts and businesses needed to deliver jobs for Queenslanders.
“I’d like to thank outgoing premier Steven Miles, we’ve long valued our relationship with Mr Miles and his team over many years in a variety of portfolios,” she said.
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