After stimulus it's all up to us
PRIVATE sector investment needs to be encouraged so the Fraser Coast economy doesn't stall when the government stimulus funding dries up, an Urban Development Institute of Australia breakfast meeting in Urangan heard yesterday.
NAB Business senior partner Marty Constable said the region needed the council and developers, as well as industry and employment groups, to collaborate and create a plan to get through this period.
“I don't believe the end of the tunnel is all that far away – I think we've suffered a lot of the pain that we were going to suffer,” he said.
“The council has a huge role to play in formulating a plan forward, in formulating ways of creating jobs.
“We need to have other industries, other employment bases which will provide tenants to our properties, people coming into the community - buying cars, underpinning that property market, bringing their business into the community.”
Mr Constable said he saw a great deal of construction going on in the town at the moment with a lot of building sites and activity because of the government stimulus package.
“When that stimulus dries up, that's when the private sector really has to pick it up and it's on us,” he said.
“It's on me as a lender to ensure that I continue to support the right projects to ensure that we don't completely stall it because if we do it takes a long time to reboot it.”
Developer Rod Williamson, of Rodelle Nominees, said the council needed to offer incentives and be proactive to encourage the people with the money to spend it.
He said when developments went ahead, they provided jobs to tradespeople who spent money and “they'll give money to their wives and they'll spend money”.
Then when a building was finished, instead of just one developer paying rates, it had multiple tenants all paying rates.
“Council really does need to sit down and be aware that it's better to have a small portion of a lot than 100 per cent of nothing,” he said.