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News

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  • Let your insights help your region

    TAKE the Industry Insights Survey today – by taking 10 minutes out of your day, you’ll be helping the Industry Insights report, powered by NPR Co., lift the lid on the state of the market across 14 Queensland regions.

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  • New Rockhampton Planning Scheme has been adopted

    The UDIA (Qld) welcomes news that the Rockhampton Regional Council adopted a new Rockhampton Region Planning Scheme. The new Scheme commenced on the 24th of August.

     

    The Institute considers the new scheme to be a key instrument in ensuring Rockhampton grows, allowing for the development of new communities, new business opportunities and the employment growth that flows from these outcomes.

     

    One exciting aspect of the new scheme is the launch of an interactive online planning portal called ‘Rock e Plan’, making the process of planning for a development in the Rockhampton Region significantly easier. 

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  • Queensland Budget 2015-16 – What’s in it for Rockhampton?

    The UDIA (Qld) issued a special alert to members this week, highlighting 2015-16 State Budget points which relate to the property industry.

    If you missed the information, you can view the Budget Summary provided by UDIA (Qld) here.

    The State Government has also produced 11 Regional Budget Statements which outline the Government’s investment and initiatives in the regions. Check out the Fitzroy (Gladstone & Rockhampton) statement here.

    Read on to view the Budget details for other Queensland regions.

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  • The Budget - and what it means for you

    Today, the UDIA (Qld) was invited to represent our members in the Queensland State Budget ‘lock-up’ and be briefed by the Government on the contents of the 2015-16 State Budget. 

     
    Key points of note for the property development industry include:

    • No new taxes, fees and charges. No increases to property tax rates, fees or charges.
    • Funding was allocated to the Department of Local Government, Infrastructure and Planning to assist in the implementation and transition to new planning legislation ($29m in 2015-16, with funding across the forward estimates totalling $57m).
    • Continuation of the $15,000 Great Start Grant.
    • capital works budget of $10.1bn in 2015-16 – a slight increase on the $9.8bn in capital works spending budgeted by the previous Government for 2015-16.
    • An allocation of $100m towards the development of a new Townsville Stadium.
    • Funding of $200m over two years ($100m in 2015-16 and $100m in 2016-17) for the Building our Regions Program. This program was an election commitment and funding will begin flowing in 2015-16 – one year earlier than previously promised.
    • The Royalties for the Regions program will be phased out, with $24m in funding previously budgeted for 2015-16 no longer allocated.
    • Reduced funding for the Priority Development Infrastructure (PDI) Co-Investment program. Only $40m of the $100m budget for PDI program was spent in 2014-15, with the unspent $60m reallocated to other budget measures. In 2015-16 and 2016-17, $20m per annum has been allocated to a Catalyst Infrastructure program for investment in catalyst urban infrastructure.

    In addition, the Treasurer has announced a new ‘Market-Led Proposals’ framework to enable the private sector to submit infrastructure projects for potential partnerships with the State. The private sector will now be able to propose solutions to major infrastructure challenges, and submit these for co-ordinated assessment via a Market-Led Proposals portal. The Institute welcomes this new initiative to assist in identifying innovative approaches to delivering the infrastructure that growing communities need.  A Government media release outlining this initiative can be found here.

     

    No new funding for big ticket transport infrastructure projects (e.g. Gold Coast Light Rail Stage 2 and Cross-River Rail) has been allocated in the Budget. The State Government is continuing to lobby the Commonwealth for funding assistance as well as seeking to identify innovative funding solutions before making firm budgetary commitments to expensive new infrastructure. Further details on the State Government infrastructure priorities will be forthcoming in February 2016 when a new State Infrastructure Plan is delivered.


    The Institute congratulates the Government and welcomes the following decisions that align with recommendations that the UDIA (Qld) made in our pre-budget submission and Advocacy Agenda launched prior to the January 2015 election:

    ·         Refraining from introducing new taxes, fees and charges or raising property tax rates.

    ·         Retention of the Great Start Grant that has been particularly important for stimulating new housing supply and making new housing a more affordable choice for young Queenslanders.

    ·         Allocating generous funding to the Department of Local Government Infrastructure and Planning to assist in the implementation and transition to new planning legislation.

     

    Another key recommendation in our pre-budget submission was for increased State Government funding for urban infrastructure. Disappointingly, the 2015-16 Budget does not deliver increased investment in this areas, however the Institute welcomes the State’s efforts in seeking to deliver and fund new infrastructure through mechanisms other than debt funding.

     

    To assist our members, the Institute has prepared a brief summary of the 2015-16 Queensland State Budget to give a snapshot of the economic and revenue outlook and what it means for the Queensland property development industry.

    Contents
    1. Economic Overview and Outlook
    2. Revenue Performance and Outlook


    Click here to download the summary or for more information, please contact Duncan Maclaine on dmaclaine@udiaqld.com.au or (07) 3233 2727.

     
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  • Federal Government’s new NBN policy announced – what does it mean for developers?

    The Government has released its new policy for the provision of telecommunications in new developments and it will see a number of changes that affect the development industry. 

    The most significant of these changes is that the NBN will no longer provide network infrastructure at no cost, and will instead begin charging for network deployment, connections and backhaul.

    These charges will only apply where developers use NBN as their network provider, with other providers continuing to offer services on their own commercial terms. 

    To find out what these new charges will look like and view the key elements of the new policy, click to read more.

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  • Industry Insights Report – Now available exclusively to members

    Our latest industry health check – the Industry Insights Report, powered by The National Property Research Co. – throws the spotlight on market conditions, sales results and the outlook for Queensland’s development industry.

    The Report delivers a localised analysis of development potential across 15 Queensland regions and reveals opportunities across the state with numerous regions showing growth or anticipating improved conditions in the future.

    Access the latest Industry Insights.

     

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  • Inform State Government’s infrastructure plan

    The UDIA (Qld) is offering members the opportunity to provide feedback on the recently released Queensland Government directions paper – Delivering an Infrastructure Plan for Queensland.

    The paper confirms the State Government’s commitment to releasing a State Infrastructure Plan (SIP) in early 2016. The plan is set to include a pipeline of priority projects identified by the independent analysis of Building Queensland, a newly formed statutory infrastructure body.

    The State Government is now seeking feedback on its Directions Paper and the UDIA (Qld) is putting together a submission on behalf of our members. As always, we seek to reflect the views of our membership and we encourage you to contribute to our submission. Please contact Duncan Maclaine at dmaclaine@udiaqld.com.au or on 07 3233 2727 by 1 July 2015 to share your views.

    Still curious? To find out more about the Directions Paper and what it means for our industry, read on.

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