Townsville real estate industry heads up The Townsville real estate industry knows too well the impact of slow growth as a major regional centre of Queensland over the past 10 years. Now the Property Council of Australia has raised the concerns of poor economic growth in the property industry more broadly in
Tag: politics
Townsville water security falls on Hells Gates Dam
Townsville Water Security Townsville water security aspirations have moved a little closer with the $2.2 million federally funded Hells Gates Dam feasibility study confirming the project’s viability, but the short term cost to Townsville’s economy could have negative impacts on the port city. The irrigated agriculture and power project is worth $5.35
Stamp duty tax grab; REIQ scathing of Queensland government and calls for 100% abolition
Stamp Duty Tax needs abolition The Real Estate Institute of Queensland is scathing of the Queensland Government’s cash grab from the property sector from its stamp duty tax increases, saying an extra $273 million in revenues has been collected and it has reduced the affordability of housing across Queensland. Australian Bureau of
Queensland taxation changes stifling property industry confidence: Property Council
Investor confidence in Queensland taxation debate The ANZ Property Council of Australia's latest confidence survey has recorded a drop of two index points for Queensland in the March 2018 quarter since the State election due to unfavourable taxation changes. In the peak industry bodies press release, the Property Council announced that "The
Townsville Port in political play with Treasurer Jackie Trad
Townsville Port involved in political hustle The political jostling over major infrastructure funding announcements between local, state and federal government could be adding to the tainted reputation of Queensland and corporate logistic interests on the back of the anti-Adani campaign by the Palzsuzcus government, and a rather bizarre press conference at
Social impact investing designed in Turnbull national housing plan impacting North Queensland
Federal housing policy governance and finance Social impact investing and the Turnbull government’s replacement for the failed National Rental Affordability Scheme (NRAS) has been announced by the federal Assistant Treasurer in the National Housing Finance and Investment Corporation (NHFIC), as planned in the federal budget. Although the Turnbull government scheme is defined
First home buyers get leg up from Turnbull Government
First home buyers super savings First Home buyers are set to receive a boost to their home saving options as the Turnbull government's plan for a First Homebuyer Super Saver Scheme (FHSSS) passed the parliament, and older Australian are allowed to contribute money from the sale of their family home into
Property industry in Queensland Labor state of taxation uncertainty
Property industry uncertainty The Property Council of Australia has warned the property industry that the industry faces unwelcome uncertainty in Queensland on the back of the Labor party’s win at the State election. The peak industry body for the property sectors fears two big new taxes on land acquisitions and foreign investment
The Queensland government is paying more for its debt than the average mortgage holder
The Queensland government is paying a higher interest rate than most Queenslanders are on their mortgages. To make matters worse, debt is becoming problematic in rural areas with incomes and asset values down, and debts, unemployment and underemployment up. Without improved state government debt arrangements, and policies to alleviate stressed industries
Battery gigafactory crippled by State government distrust of Turnbull City Deal
Battery Gigafactory Feasibility The proposed $2 billion battery gigafactory development on Townsville’s western fringe at Woodstock may not go ahead unless a feasibility study costing $3.1 million is funded by the State government. Labor’s caretaker Premier, Annastacia Palaszczuk had made an election pledge that if re-elected at the November 25 state election,