South Australia needs a radical overhaul of taxation and spending programs in order to repair state finances and reinvigorate the economy, a key property industry lobby group says.

In its pre-budget submission, the Property Council of Australia (SA division) said restoring the state’s finances will require ‘courageous leadership’, and has called on the state’s government to use the budget to create a more efficient and enterprising state with lower taxes. “The Budget’s difficult fiscal position is clear and…