07/10/2010 - 00:00

Infrastructure fund needed: UDIA

07/10/2010 - 00:00

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NEW population growth statistics have bolstered calls from the Urban Development Institute of Australia for the state government’s planning framework, Directions 2031 and Beyond, to have an infrastructure investment plan in place to avoid a looming land s

Infrastructure fund needed: UDIA

NEW population growth statistics have bolstered calls from the Urban Development Institute of Australia for the state government’s planning framework, Directions 2031 and Beyond, to have an infrastructure investment plan in place to avoid a looming land shortage.

Australian Bureau of Statistics figures released last week indicated Western Australia was the fastest growing state in the nation, with a 2.3 per cent population growth rate for the March quarter.

The figures indicated a total of 51,800 people moved to WA during the past 12 months.

UDIA chief executive Debra Goostrey said a boost in private sector building approvals during August provided further evidence of WA’s growth.

The ABS reported a 12.3 increase in private building approvals in August compared with July.

South Australia was the only other state to post an increase, at 3.6 per cent.

Ms Goostrey said the latest statistics provided further evidence that funding was required to roll-out the infrastructure needed to cope with demand for housing.

“While the government has released their Directions 2031 framework for future growth, they now need to put their money where their mouth is in order to fund the major power, water and transport infrastructure that will be required to see that framework come to fruition,” Ms Goostrey told WA Business News.

“The government has set a 47 per cent infill target without providing any incentives or information about how existing aging infrastructure will be upgraded to accommodate this type of development.

“This will require massive upgrades to existing infrastructure to be able to cope and we also need to roll out infrastructure in new areas to keep up with demand.

“While we support the fact the government has taken the initiative to draft a framework for growth in Perth and Peel, it is obvious that we need funding to get this done right.

“If land supply is not able to keep up with demand, we will end up with a situation of escalating prices for new home buyers and we don’t want to see people pushed out of the market due to high costs.”

 

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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