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Red tape cuts may benefit commercial real estate

On May 24 2012
Tagged as:
  • Commercial Property


Would-be investors may be more likely to put money into commercial real estate, as the federal ...

Would-be investors may be more likely to put money into commercial real estate, as the federal government unveils plans to cut red tape for businesses.

The Gillard government has described the move as a "major clean-up of regulations" that makes processes more effective for companies throughout Australia.

"We will now be able to repeal thousands of unnecessary regulations through this new streamlined process, rather than repealing them one by one," commented attorney general Nicola Roxon.

Another set of changes are also due to come into force that means regulations will automatically be repealed after ten years, which should reduce the level of confusion for affected businesses.

Julia Gillard recently announced she would be holding an economic forum next month to discuss what the Australian economy needs to do to retain its strength.

Current conditions have been favourable for those in search of rental properties as more people arrive in Australia hoping to take advantage of the mining and resources boom.

Parts of Western Australia where the mining boom is really taken hold have experienced a considerable increase in demand for affordable housing.

 



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