Chief Executive | PM rules out negative gearing changes – preserves housing investment

Why did the PM rule out changes to negative gearing last week?

Chief Executive | The housing debate should be over but it has only just begun

Repetition adds emphasis. As we said across a large number of news outlets last week, it is welcome news that there are 1.5 million people coming to our country to help fill the pandemic-generated national skills deficit over the next five years.

Chipping away at barriers to WA’s housing supply

Even though Western Australia takes the crown as the most affordable state in Australia, it’s not exempt from its fair share of housing supply challenges. Property Council Executive Director Sandra Brewer explores how the state budget tackles barriers to increasing housing supply.

Chief Executive | The Budget story

The first surplus in 15 years has arrived courtesy of global commodity upsides and the healthiest jobs market in four decades. Against the backdrop of high inflation around $15 billion in incentives and welfare will enter the economy as part of the government’s approach to addressing cost-of-living issues.

Chief Executive | Rent capping is code for housing supply reduction

At 1.1 per cent national rental vacancy, where three per cent is a ‘healthy market’, there are not enough homes to rent in Australia.

Chief Executive | A new chapter begins

Last week the Property Council team in Sydney spent our last full working day in 11 Barrack Street.

The student accommodation renaissance?

A recent Australian Government Inquiry was surprised to learn that domestic super fund capital is flowing overseas into purpose-built student accommodation rather than into the domestic market due to confused asset class definitions, a patchwork of taxes and regulations holding the critical sector back.

Chief Executive | Why the broad-based taxes are the road to reform

Last week’s Grattan Institute tax report was worth a read. The Australian Government is nursing a structural deficit. $70 billion each year and growing.

Chief Executive | One million homes need planning and choice

Supply is King. We need a greater supply of better zoned and planned land for housing across our cities. Brownfields and greenfields.

Artificial Intelligence is about to transform the property industry forever

There’s a passage in Ernest Hemingway’s novel The Sun Also Rises in which a character named Mike is asked how he went bankrupt. “Two ways,” he answers. “Gradually, then suddenly.” Artificial Intelligence (AI) has done just that, as over time small changes accumulate, and then suddenly the world is a different place.