Investment in infrastructure encouraged by new report
The Intergenerational Report released by the Australian Treasury earlier this month has highlighted some of the challenges facing the nation alongside the growing population. However, one of the biggest suggestions made was an increase in urban investment in order to maintain enough amenities for new residents living in communities.
This could be great news for owners of Burpengary real estate, with Master Builder Australia chief executive officer Wilhelm Harnisch stating that this emphasis on growth would be crucial for maintaining future productivity and living standards for Australians in the coming years.
"The Intergenerational Report shows that Australia's population will grow by 16 million people over the next 40 years. We need greater investment in high quality urban infrastructure, including roads and public transport to avoid choking our cities, and congestion negatively impacting on commerce, labour mobility and housing settlement patterns in our cities," said Mr Harnisch in a 5 March statement.
Mr Harnisch pointed out that the need for more class rooms, hospital spaces and road infrastructure are just some of the factors that need to be taken into account in the near future. As the population continues to rise, ensuring there are plenty of amenities for people to use is important for local communities.