The Property Council of Australia is the leading advocate and biggest employer for the nation’s largest industry. In the ACT, the property sector continues to account directly for more than $4.5 billion in economic activity, a further $2.1 billion indirectly, and one in seven jobs.
Property is the beating heart of the ACT’s success across all measures – with almost 45 per cent of tax and royalty revenue being contributed by the sector. The continued success of Canberra depends on the success of property, development and the built environment.
This budget submission provides insights from our members on how we can continue the growth of our economy, whilst also recognising the current fiscal position of the Territory as revealed by the Treasurer in the mid-year budget update.
