30 April 2008
Australias property developers today welcomed the Federal Governments decision to establish a high-level Major Cities Unit.
This is a welcome move by the Commonwealth to support our nations cities, and encourage urban development, Mr Gadiel said.
Industry and the community have being crying out for a more coordinated policy approach to the metropolitan areas.
The Federal Government will now be armed with two key agencies the Major Cities Unit and Infrastructure Australia.
This offers a new hope that we will finally have real federal-state co-operation on transport and other key infrastructure.
We also welcome the recognition of Newcastle and the Gold Coast as major cities.
The Urban Taskforce is a property development industry group, representing Australias most prominent property developers and equity financiers.
The NSW development industrys annual turnover is $35 billion and employs 180,000 people, accounting for six percent of the States total employment. It is the fifth largest contributor to the State economy.