THE Property Council of Australia has welcomed the elevation of the cities portfolio directly to the Prime Minister following last week's ministerial reshuffle.
Angus Taylor has been promoted to Assistant Minister to the Prime Minister for Cities and Digital Transformation, with the Prime Minister announcing that cities policy will now be led by his department.
"This is recognition that the working and liveability of our cities is a major issue for the Australian economy", said Ken Morrison, Chief Executive of the Property Council.
"Three quarters of our national income is generated in our cities – but all too often, local, state and federal governments have been working against each other.
"These ministerial changes have elevated the status of these issues with the ministry and throughout the bureaucracy.
"This is an area that has been neglected for many years and Australia is paying for it now. Cities policy has a major impact on national productivity. By the government's own estimates, the cost of congestion alone to our national economy is heading to $50 billion a year.
"Angus Taylor is well regarded throughout the business community. He is a Rhodes Scholar, a former partner at McKinsey and as a director at Port Jackson Partners he specialised in Infrastructure. He is a problem solver – and that is what we need," Mr Morrison said.