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Queensland Rejects Hitting Developers With Infrastructure Charge




The Council of Mayors (SEQ) has urged the Queensland Government to investigate an alternative funding model to deliver the infrastructure needed to service South East Queensland’s growing population.

In response to the Queensland Government’s Delivering an Infrastructure Plan for Queensland directions paper, the SEQ Mayors have pushed for further investigation of the ‘UK City Deals’ approach to fund public infrastructure.

Consultants KPMG were asked by the Southeast Queensland mayors to investigate transferring the UK City Deals scheme, which now operates in Birmingham, Leeds, Liverpool, Newcastle, Nottingham, Sheffield and Manchester, to Queensland.

This model is being investigated by Deputy Premier Jackie Trad as she tours London, Singapore, Bonn and Dusseldorf speaking with transport and infrastructure funding bodies.

The model does not involve adding an extra levy or charge on developers, but taps into the increasing rates, infrastructure charges, stamp duty and levies paid to state government and councils.

Ms Trad has specifically rejected imposing extra levies on property developers.

“Developers already make a contribution towards the cost of trunk infrastructure, including water, sewer, stormwater, community infrastructure and parks,” a spokeswoman told the Brisbane Times.

“It is deliberate scaremongering for the LNP to allege home owners near major transport facilities will be taxed,” she said.

“This claim is false and completely bogus.”

A review of how the UK City Deals approach might work successfully in Queensland has already been the subject of a report jointly commissioned by the Council of Mayors (SEQ), Property Council of Australia (QLD) and the former Department of State Development, Infrastructure and Planning.

Council of Mayors (SEQ) Chair Cr Graham Quirk has called on the Queensland Government to explore innovative and sustainable infrastructure funding and financing models to deliver economic growth and improved development outcomes for Queenslanders.

“With a projected population of 4.4 million by 2031, SEQ faces the challenge of planning for, and delivering, the infrastructure and services needed to improve productivity and reduce cost of living pressures,” Mr Quirk said.

“This is the opportunity to explore a new and sustainable approach to address SEQ’s growing infrastructure needs.”

The Council of Mayors’ (SEQ) submission also welcomed the proposed integration of infrastructure planning and land use planning, as well as calling for better integration of infrastructure delivery at Federal, State and Local Government levels.

In principle, the Council of Mayors (SEQ) supports the Queensland Government’s proposed direction in the development of a State Infrastructure Plan. Further consultation between the Queensland Government, the Council of Mayors (SEQ) and SEQ Councils is still needed to address the region’s infrastructure backlog.

The Council of Mayors’ (SEQ) proposed infrastructure funding model and list of key regional infrastructure priorities are outlined in Investing in Queensland’s Core Growth Region: 2015 Queensland State Election Advocacy Document.

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Auction tips: Why and when you should auction



WHEN it comes time to sell your property, the age-old argument of auction versus private treaty naturally comes to the fore.

There is no one best practice but the general consensus among property professionals is both type of housing and market confidence play pivotal roles.

Core Logic RP Data auctions spokesman Kevin Brogan crunched combined capital city data over the 12 months to November 2015 and found higher valued and more unusual properties were taken to auction.

“If you have a house in a street and there are 10 others like it, you have a pretty good idea of what it’s worth,” Mr Brogan said.

“But if it’s unique or unusual you might not be able to pick what it’s worth so you take it to auction on the proviso there’s enough interest.

“Looking at the combined capital city data over the past 12 months to November, you see the general median price of houses that sold at auction is about $950,000.

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Construction Begins On Sunshine Coast CBD



Construction Begins On Sunshine Coast CBD

Construction Begins On Sunshine Coast CBD

Construction officially began today on a new central business district for the Sunshine Coast, which is forecast to create more than 30,000 permanent jobs in the region by 2040 and provide a $5.9 billion boost to the Queensland economy over the project‟s 20-year life.

Premier Annastacia Palaszczuk turned the first sod on the prime 53-hectare SunCentral Maroochydore development site, which promises to showcase excellence in urban design, technology and innovation, including some Australian firsts, such as automatic waste collection.

SunCentral Maroochydore‟s Chief Executive Officer John Knaggs said the unique development represented a coming of age for the region.

“The Sunshine Coast is already the second highest performing regional economy in Queensland and the fifth highest nationally,” Mr Knaggs said.

“With the $1.8 billion Sunshine Coast University Hospital due for completion at the end of this year along with the planned expansion of the Sunshine Coast Airport, the new city centre at Maroochydore will ensure we are rising to the challenge of growth, with a clear focus on jobs.

“The Sunshine Coast population has risen from 65,000 to 335,800 in the past 40 years and by 2040, well over half a million people are likely to call the region home.”

The Council-owned land would deliver more than $300 million in public space and infrastructure to the people of the Sunshine Coast.

Sunshine Coast Mayor Mark Jamieson said the site on the former Horton Park Golf Club would be transformed over the next two decades to include commercial buildings, destination retail outlets, a premium hotel, civic facilities and an exhibition, convention and entertainment centre, with 40 per cent of the new city centre site dedicated to waterways and parkland.

“This is Australia‟s only greenfield CBD within an existing urban area, which provides us with the opportunity to build from scratch, a city centre that is able to meet the needs of people both now and in the future,” Mayor Jamieson said.

“Applying our smart city framework – which includes digital solutions for the management of street lighting, car parking, water, power and signage that is detected by smartphones and other technologies, and where rubbish bins are emptied via automated underground tubes means SunCentral Maroochydore will become a nation-leading destination for innovative businesses.

“Importantly, given its significance to the Sunshine Coast, this is a project owned by the community. Independent expert analysis suggests our new city centre will grow our local economy by $4.4 billion over the life of the project.”

SunCentral Maroochydore‟s CEO said the project was vital to preventing urban sprawl on the Sunshine Coast and would deliver a viable commercial hub, public recreational facilities and an interconnected city.

“Urban sprawl has been a challenge on the Sunshine Coast for decades and SunCentral Maroochydore is about consolidating future development and delivering an outstanding city centre,” Mr Knaggs said.




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Coast real estate experts say property still on the rise



REAL estate identities say the Sunshine Coast market will continue to grow steadily, regardless of reports that the housing cycle has peaked.

EXPERT’S VIEW: Prices are yet to peak say local agents.

EXPERT’S VIEW: Prices are yet to peak say local agents.

Investment bank Morgan Stanley released research this week calling the peak and forecasting a slowdown in price growth, followed by a negative impact on building activity next year. (more…)

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