The director of the Property Council Illawarra has welcomed infrastructure investment flagged for the region in the NSW Budget which was delivered on Tuesday.
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"[It] provides a solid foundation for future economic, job and productivity growth, however it's a budget that reflects tightened purse strings necessitated by a slower residential housing market," Michelle Guido said.
"We mustn't lose our focus on providing a diversity of homes across our region and taking a long hard look at the cumulative impact of existing fees, taxes and charges across state and local government which are impacting housing affordability."
The Property Council also welcomes the announcement by the Treasurer of a Federal Financial Relations Review led by David Thodey, with softening stamp duty revenue over the next few years, this review will turn the attention to tax reform to support changes for a more reliable revenue base.