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Tuesday, 30th June, 2009
Councils Could Spike Unemployment
The UDIA are drawing their swords against the budget this month, with a recent release discussing the affect local government budgets can have on the housing and property industries, particularly the impact of increasing development charges.
THG’s Richard Katter prepared a report for the UDIA, The Finance Sector’s Viscosity is Inhibiting the Flow of Property Development , which emphasises the importance of the property sector’s influence on Queensland’s GDP. Mr Katter said, “This report is especially timely considering the very recent withdrawal of ALDI from their two proposed sites at Pimpama and Coomera due to exorbitant infrastructure charges. In an increasingly marginal development climate we will start to see more big projects of this nature failing to proceed with the major cause being infrastructure charges.”
Read the rest of the article in THG’s latest In The Know Newsletter.
