Thursday, November 19, 2009

$3,000 Boost for FHB out of South-East Queensland

Anna Bligh’s proposal to provide $3000 to first home buyers who choose to establish themselves outside south-east Queensland is an admirable objective, however her proposal will never be a long term solution. Queensland has become far too focused on Brisbane and the Gold Coast, where 60% of the population live. This has stressed infrastructure in the south-eastern corner far beyond its capacity to keep pace.

There are lots of similarities: in Australia, Sydney faced the same situation at the turn of the century, and so Canberra was created. In Brazil, Sao Paulo and Rio de Janeiro were replaced by Brazilia as the new capital in the 1960’s.

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