The increase is intended to reflect the increased cost to the BCC of acquiring land for park and recreational purposes, but the Property Council notes that this figure should be considered in the light of the BCC’s recent Budget documents that identified inflation rates as 2.9 per cent and unimproved valuations across the City as increasing an average of 13.18 per cent.
Find Property Conveyancing has Colin Bunker, Manager Infrastructure Projects and Land Management, Department of State Development, explained the Department’s role in ensuring there was sufficient industrial land to support future economic development and provided specific examples of where the Department had purchased land to guide industrial development in an area.
Long-term planning of future industrial areas was required, according to Mr Bunker, so that areas could be earmarked for future development. Mr Bunker explained that strategic sites and corridors for future major industrial development had been identified by the Department at Charlton in the Toowoomba region, .Yarwun and Aldoga near Gladstone, Stanwell-Gracemere, Paget in Mackay, Stuart in Townsville, Edmonton and Mareeba outside Cairns, and North Ridge in Mt Isa.
Peter Cumming, Manager City Planning, Brisbane City Council, addressed industry growth in its wider sense and acknowledged the new types of industries and their different requirements, including the potential for greater mixed use development opportunities.
In a move towards infotronics and a greater combination of industry and business, there are observed trends towards niche locations that are developer led in employment environments.
In considering changed rates of take-up of industrial land, Mr. Cumming focused on the importance of the whole package, including the provision and costing of infrastructure.