Menu
Property

Premier says Queensland property sector outlook 'optimistic'

PREMIER Annastacia Palaszczuk heaped praise on the property sector in a speech to the Property Council on Tuesday, saying there are plenty of reasons for optimism in the sector.

She said the council had estimated a contribution to the economy of nearly $34 billion a year or 11.4% of Queensland's economic activity.

"Latest ABS Lending Finance data shows investor housing finance in Queensland for the purchase of existing dwellings hit $4.8 billion in the July quarter," Ms Palaszczuk said.

"That's the highest level since 2007.

"Investor finance commitments for the construction of new dwellings are also up, having increased by $450 million over the same period last year."

The Premier said she recently had a very constructive conversation with the new Prime Minister, Malcolm Turnbull, adding they were on the same page when it comes to innovation, start-ups, new technologies - tackling the challenges of the future.

She said the first meeting of the promised Construction, Planning and Property Red Tape Reduction Panel would be in October with the involvement and support of the Property Council.

At end of this week she will lead a trade delegation to China and Japan.

- APN NEWSDESK

Topics:  Annastacia Palaszczuk property property council


Stay Connected

Update your news preferences and get the latest news delivered to your inbox.

Footy dad: I can hold my head high

Geoffrey Whittaker says it's 'awesome' to see justice served after enduring a trial this week. He was found not guilty of assault.

'I'm glad I'm not the one that looks like the idiot any more'

Footy fight: Coach accused of spiteful, 'vicious' act

Geoffrey James Whittaker, who has pleaded not guilty to assault charges at a football carnival.

'Sometimes it's appropriate to defend oneself by striking first'

Dad 'head-butted' footy coach during kids' rugby carnival

Geoffrey Whittaker has pleaded not guilty two assault charges. The offences are alleged to have occurred during a children's football carnival in 2016.

Geoffrey James Whittaker pleads not guilty to two assault charges

Local Partners