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Creation Date: Fri, 17 Jun 2011 GMT

Property Council 7 Reform Targets

The property industry remains under strain from inefficient development assessment, chronic under-investment in infrastructure and a large tax burden.

It reflects the broader story of the NSW economy, which has lost its status as an economic leader and powerhouse among the states.

It’s time for NSW to rebuild investor confidence and boost community prosperity.

That’s why the NSW Division of the Property Council’s Seven Reform Targets will shape the solutions we present to governments on behalf of members.

We will leverage our unique capacity for extensive research and powerful campaigns to promote our policy ideas.

“The Property Council wants to work with governments to ensure they understand the role the property sector can play in restoring the economic fortunes of NSW,” NSW Executive Director Glenn Byres said.

“We contribute $44 billion to annual economic growth, employ more people than any other industry and pay 35 per cent of all state taxes.

“Our policy agenda offers the opportunity for governments and the industry to collaborate in NSW’s revival.

“It’s time for NSW to reinvigorate its status as an economic powerhouse and reclaim the mantle as an attractive place to live, work and invest.

The Property Council’s policy agenda for the year ahead includes:

  • Better strategic planning that delivers a long-term supply of zoned and serviced land for housing and employment
  • Stronger regions, particularly in the Hunter and Illawarra
  • Slashing the complexity of development assessment – and entrenching depoliticised decision-making
  • More efficient and fairer taxation that reduces the burden on the property sector
  • A new era of investment in infrastructure, directed at critical projects and using smarter solutions to finance it
  • A real strategy and commitment to green the built environment
  • Modernising local government with fewer, larger councils.

Source: http://www.propertyoz.com.au/nsw/Article/NewsDetail.aspx?p=16&id=4460