Submission Update

The Property Council has provided the following submissions to government regarding the state of the property market on the Gold Coast, the Government’s annual land valuations, and how the Belcarra reforms are being implemented in Queensland.

Gold Coast Property Market

The Property Council has written to the Gold Coast City Council to seek support for measures that will support the Gold Coast property industry as it recovers from COVID.

Despite the seemingly positive sentiment that is being expressed in the media regarding the state of the property industry on the Gold Coast, the industry is facing an uphill battle to recover from the economic impact of COVID.

As such, the Property Council is seeking the Council’s urgent support. Immediate action on the following measures is needed to restore confidence to the local market:

  • Defer the introduction of the unworkable site cover, set back and car parking amendments proposed to City Plan.
  • Introduce a temporary discount on infrastructure charges to support construction and attract new investment to the city, similar to the Gold Coast’s previous KickStart program.

To view the Property Council’s full letter, please click here.

Annual Land Valuations

The Property Council has provided feedback to Queensland’s Valuer-General regarding which Queensland local government areas should be valued as part of the 2021 annual land valuations.

The Property Council has long maintained that all local government areas should be revalued annually to properly gauge and reflect market changes and to ensure consistency across Queensland. This is especially true this year due to Coronavirus and the range of flow on economic impacts it will have across the state.

 

To view the Property Council’s full submission, please click here.

Belcarra Legislation

The Property Council has written to Queensland’s Local Government Minister on the impact of the Belcarra Legislation on planning and development assessment.

The letter is concerned with the way in which the Belcarra Legislation is being implemented at the local government level.

The Property Council is seeking urgent intervention to review the Belcarra Legislation to allow the property industry to once again participate in the democratic process, and to provide further guidance to prevent what are no doubt unintended consequences in its provisions.

To view the Property Council’s full letter, please click here.