Developers drawn to region for cheaper infrastructure rates
ROCKHAMPTON has seen a big increase in the number of development applications over the past year as property developers take advantage of cheaper infrastructure rates.
Up to November 6, council had approved 498 applications in the region, up from 401 for the same period last year.
The Development Incentives Policy was introduced in December 2013, with discounts from 50% to 100% on infrastructure charges.
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Property developer Rob Carr, of The Carr Group, congratulated the council on the incentive, and said it would greatly help growth in the CBD.
"I think any initiative like that to help stimulate that inner-city development is always worth it," he said.
"It really makes a difference to project costs.
"Now it's there I'll certainly be looking at taking advantage of that."
Mr Carr said the incentive helped streamline the process, as well as lowered development costs.
Rockhampton Mayor Margaret Strelow, who is also the Planning and Development Committee Chair, said they took a bold step to change the landscape and future of the region by reducing the charges.
"With one of the best returns on investment forecasts within Queensland, I'm really encouraging those smart thinkers to take action now and take advantage of the generously discounted infrastructure charges available in the Rockhampton Region," she said.
"We're noticing a general trend towards increased applications for commercial uses such as showrooms, offices and accommodation buildings, followed by industrial uses such as vehicle depots, transport terminals and bulk stores.
"These two combined make up the majority of our Material Change of Use approvals in 2014."
January 1 - November 6, 2013: 403 applications received
401 applications approved
January 1 - November 6, 2014: 505 applications received
498 applications approved
*Excludes Livingstone Shire Council data