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Coastal Plan Threatens Investment in Queensland: Property Council

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The Property Council of Australia has raised serious concerns with the Queensland Government about its recently announced policy to reintroduce the former Labor Government’s Queensland Coastal Plan.

The Property Council told the government the plan threatens to undermine investment across the state and especially in coastal regions.

“The Property Council has reasserted its serious concerns with the Government’s decision directly to the relevant minister, Premier and to the media,” it said in a statement.

“In addition, the Property Council has contacted the new Minister for Environment and Heritage Protection, and Minister for National Parks and the Great Barrier Reef, Steven Miles outlining our concerns with the Queensland Coastal Plan and has reached out to local MPs in over 50 electorates that will be impacted by the Coastal plan to ensure they are aware of the implication it will have on their constituents.”

The Property Council said that when the Queensland Coastal Plan was first introduced in 2011 it diminished the property rights of up to 10 per cent of property owners across Queensland.

“The previous plan effectively sterilised development activity across large swathes of the state, through forcing landowners to take into account the climate change predictions of inundation and erosion to the year 2100 on their development activities proposed today,” the Property Council said.

The Property Council said it raised serious concerns at that time regarding the quality of the mapping, impacts on property rights and values, and the lack of consideration for development options that involved adaptation and mitigation.

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Article originally posted at: https://theurbandeveloper.com/articles/coastal-plan-threatens-investment-queensland-property-council