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Property leaders blast lack of stimulus

Property leaders claim nothing is being done to stimulate the economy

Feb 10, 2020, updated Feb 10, 2020
Gary Rivett: ABC News

Gary Rivett: ABC News

The Queensland Government has to lift its game and stimulate the economy outside of southeast Queensland, according to property leaders.

The property industry has been vocal critics of the Labor Government and that criticism intensified after the Palaszczuk Government banned political donations from property developers in 2018.

JLL chief executive Stephen Conroy said the Government had to lift its game.

“The economic statistics on employment are poor and we should be in much better spot than we are,” he told a Property Council lunch.

“The infrastructure spending is good but it’s late and there are parts of Queensland I am worried about. It (the Government) has to lift its game.

“International investment will continue to look towards Sydney and Melbourne and not Brisbane.”

Other property identities attack the high level of debt and the apparent lack of policy designed to reduce it.

Springfield City Group’s Raynuha Sinnathamby said southeast Queensland was doing well despite what’s happening.

“Leadership is not coming forward,” she said.

“It’s only the fact that Sydney and Melbourne are doing so well that is driving southeast Queensland. The room for improvement is enormous.

“I think the early indicators will be the state budget. We will get a flavour of the potential for the rest of the rest of the year.”

Charter Hall’s Bradley Norris said innovative ideas needed to come forward in policy settings in order to deliver things Queensland needed.

 

 

 

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