The proposed South East Queensland (SEQ) City Deal is a game-changer for this booming region and a vital momentum builder towards a national network of city deals that will shape the future of Australia’s urban landscape.
“In one of the most urbanised countries in the world, City Deals are the ‘real deal’ in driving productivity and investment for our growing cities and regions.
“We congratulate the Prime Minister and Cities Minister, Alan Tudge, for their national leadership on city deals, and the Queensland Government and the Council of Mayors (SEQ) for bringing a City Deal to fruition.
The Property Council has been a long-standing advocate for a SEQ City Deal and has previously partnered with the Queensland Government and the Council of Mayors (SEQ) on studies into how City Deals could work for the region.
“Our growing cities and urban regions are the engine rooms of the Australian economy. The City Deal model brings together all levels of government around the same plan to boost productivity and jobs through targeted investment in city-shaping projects and infrastructure,” said Ken Morrison, Chief Executive of the Property Council.
“Australia is one of the most urbanised countries in the world with fast growing cities which are magnets for talent, investment and jobs. The way we plan and invest for the future of our cities will have a huge impact on the Australian economy and our future opportunities.
“There is a ‘good growth’ dividend for our cities – better productivity, more economic opportunities, and a better quality of life for residents. City Deals help to drive good growth and create great Australian cities for everyone.
“The SEQ City Deal is a substantial piece of work that focuses the big economic drivers of the region.”
Mr Morrison said it’s particularly important that the Government’s City Deal framework expands to include the major capital cities where most people live and which are growing the fastest. So far, City Deals have been developed for Western Sydney, Townsville and Launceston, and others under development for Perth, Adelaide, Hobart, Darwin and Geelong.
“We look forward to contributing to the development of the SEQ City Deal as it progresses, bringing the expertise and capability of the Australian property industry to delivering the SEQ City Deal objectives,” Mr Morrison said.
Source: Property Council of Australia