This is a big Deal
Queensland’s property industry has congratulated all levels of government in South East Queensland for reaching agreement to embark on the delivery of an SEQ City Deal.
Today’s announcement of Commonwealth support has coincided with the release of TransformingSEQ: The SEQ City Deal Proposition, by the State Government and Council of Mayors (SEQ), which sets out shared ambitions for the region’s future.
“An SEQ City Deal would ensure all three levels of government are aligned on the strategies to drive the local economy, cater for our growing population, improve our connectivity and maintain our enviable lifestyle,” Property Council Queensland Executive Director, Chris Mountford, said.
“The Queensland Government, SEQ Councils and the Property Council have been collaborating for nearly six years on the potential for an SEQ City Deal, jointly funding studies into how it could work in our local context.”
“Several years of ground work have already been done, and the TransformingSEQ proposition document has endorsed a number of key proposals that have been promoted by the Property Council.”
“The development of Growth Infrastructure Compacts, has been flagged as a method of spelling out clear infrastructure delivery expectations for the community in line with population growth.”
“The State and local governments have also agreed in principle to a more coordinated integrated land-use planning approach,”
“Opening up underutilised government-owned land for development has also been agreed as a clear opportunity to unlock economic activity, create jobs and build business confidence.”
“While these proposals will be subject to further negotiations, it is very positive to see the State and local governments agreeing on some important reforms which could help the region meet its full potential."
City Deals, first implemented in the UK, involve a long-term contract between levels of government, committing to a series of investments and initiatives which have been prioritised because of their potential to create jobs and improve productivity and liveability.
Property Council response to the Prime Minister’s announcement can be accessed here.