The findings show that dwindling confidence in the ACT property sector and wider economy is due to a range of local factors, including:
— The planning system;
— general business conditions;
— the high level of business taxes;
— the new Lease Variation Charge;
— and the increasing office vacancy rates.
“This is clear evidence that ACT Labor’s taxation obsession and huge tax on units is hitting our economy very hard and is causing businesses to reconsider investing in Canberra,” Mr Smyth said today.
“ACT Labor’s illogical approach to infrastructure planning is further worsening the situation, as they push ahead with a $430 million city office block at a time when the Civic office vacancy rate has doubled to 16 per cent.
“The Canberra Liberals have a sensible approach to infrastructure planning. If elected, we would legislative the forward-planning of infrastructure to avoid blowouts, and infrastructure decisions would be overseen by an independent Commissioner to ensure they are based on the long-term interests of Canberra.
Let’s have another look at that:
“If elected, we would legislative the forward-planning of infrastructure…”
Umm, ok then.