Comments attributable to Ken Morrison, Chief Executive – Property Council of Australia.
“The Property Council of Australia welcomes Labor’s announcement of six measures aimed at improving the policy framework governing the future of Australia’s cities.
While Australia’s economic recovery is advancing well ahead of earlier projections, the economic road ahead remains very challenging. Improving the productivity of Australia’s cities and encouraging the renewal of our CBDs will be critical to future growth.
Australian cities have long been outgrowing the capacity of their infrastructure systems, housing supply and governance structures. Growth management needs to be done in a long-term, coordinated and depoliticised way.
The Property Council is a strong advocate of City Deals as a policy tool to unlock the full potential of our cities. The industry has also been a strong supporter of the important role of Infrastructure Australia.
More than 90 per cent of Australians live in urban areas. As such, the future prosperity and liveability of our cities needs to be front of mind for any federal government.”