Fast Track announcement good for jobs and confidence

The Property Council of Australia has welcomed the accelerated approval of more than $1

billion worth of new building and development projects across Victoria, while reiterating the

importance of government and industry collaboration on further economic stimulus, and the

safe reopening of real estate transactions and the CBD.

“These project approvals will support construction jobs and economic activity and provide a

much-needed confidence boost for the Victorian property and construction sector,” said Mike

Zorbas, the Property Council’s Group Executive for Policy.

“Green-lighting shovel ready projects means we can get on with the job of safely building our

economic recovery,” Mr Zorbas said.

Mr Zorbas welcomed the breadth of project approvals, including new residential, commercial,

retail and aged care developments, including a new social housing development.

“These projects tap into a broad range of industry expertise and capability in their delivery,

providing much-needed employment opportunities across the range of occupations that

make up our industry.”

The Property Council welcomes the continued focus of the Building Victoria’s Recovery

Taskforce on fast tracking other projects for at least another 12 months.

The Victorian Government’s COVID-19 roadmap includes the opportunity to scale up

construction activity from the end of this month, meaning that one of the economy’s big

engines could be turning over again in just a matter of weeks.

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