Property Council’s Executive Director of Capital Markets Antony Knep and the Capital Markets Division Council President Carmel Hourigan, who is also Charter Hall’s Office CEO, sat down with CBRE’s Talking Property podcast to discuss some of the key outtakes from the Property Council’s Property Leader’s Summit.
The annual summit, held at Canberra’s Parliament House, brought together senior leaders to discuss the future of investment, capital markets and the economy, with a significant focus on Australia’s housing crisis.
“To solve this housing crisis, we are really going to have to put intense capital in for long periods of time,” Ms Hourigan said.
She said we need to see stability from both federal and state governments on legislation and taxes to ensure that investors can understand and navigate the market effectively.
“To really solve this problem, we need people to work together. The private sector is part of the solution, and the government needs to work closely with them and part of that is stability, and legislation, and taxes, as well.”
Mr Knep highlighted the global competition for private capital and said the need to be more competitive globally in attracting capital partners into Australia.
He highlighted the recent thin capitalisation legislative changes, alongside Foreign Investment Review Board fees, timing delays and inefficiencies.
“These are all the things that make Australia more expensive to do deals, and I think a freer flowing, more transparent, and better regulated environment would be advantageous for us.”
Ms Hourigan said both sides of politics recognise that supply is the answer.
Listen to the full episode of Talking Property here.