Property is key in reform debate
Major economic reform has never been easy, but it’s something we must turn our attention to as a nation.
As such, around 90 of our nation’s peak business and community groups met in Sydney in August to work out a way forward.
Making sure Australia’s economy is set up to succeed and to create jobs means making some big changes. And while these groups all bring different priorities and perspectives, the National Reform Summit was an attempt to lay a platform for some of these changes.
As the nation’s largest contributor to GDP and second largest direct employer, the economy needs the property industry to do well. The Property Council used our seat at the Summit’s table to advocate for the reforms that will unlock further growth and the economy-wide benefits – both social and economic – that flow from it. Tax reform is at the top of the list.
This means there will need to be an unashamed focus on initiatives which deliver economic growth because budget deficits are our new reality.
Creating more productive cities as our population grows, addressing entrenched housing affordability challenges and reweighting the tax system to boost growth are all vital objectives our industry is central to.
Property touches the lives of all Australians, yet many people are unaware of the vital contribution the industry makes to jobs, retirement savings and to the strength of the Australian economy.
To counter this, we have embarked on our first ever public campaign to tell the industry’s story and make the case for letting property grow the economy.