Sunshine Coast councils step up investment incentives
Local governments in the Sunshine Coast Regional Council (SCRC) yesterday (April 9) announced a 'Build and Benefit' program.
The package is designed to entice investors to the area to keep infrastructure capital within the region in order to compete for the economic growth that property investors and infrastructure development brings.
In a statement released yesterday, Kathy MacDermott, Queensland executive director of the Property Council said "the property sector is the engine room of the Sunshine Coast and is vital to the social and economic wellbeing of the region".
The Sunshine Coast property sector currently contributes 19 per cent of state gross product.
While the Property Council recognises the significance of the step, it is also urging the SCRC to further extend the initiative to all forms of development for more opportunities for workers and commercial property investment.
On the city's council website in November last year, Gold Coast mayor Tom Tate said: "the Gold Coast is one of Australia's fastest growing cities. It is the capital of tourism in Australia and a hub for development and industry."
With these incentives and the optimism of the Regional Council, property investment in the state could soon experience noticeable infrastructure growth.