Search Results for: ken morrison
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Elite Agent
Property Council survey reveals slowdown in rate of workers returning to offices
Australia’s central business districts are taking a long while to recover from the effects of COVID-19 social restrictions, with new data revealing a slowdown in the rate of workers returning to their offices.
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Elite Agent
Call for fast-tracked infrastructure investment
Infrastructure Australia has released its 2021 Priority List, which the nation’s property industry has labelled a “wake-up call” for governments to fast-track investment to speed up economic recovery.
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Elite Agent
Survey reveals pandemic has proven prosperous for proptech sector
A new study from the Property Council and Yardi Systems has found data analytics, business process automation and virtual tours are the top technologies the Australian real estate sector has embraced in 2021.
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Elite Agent
Office occupancy rates up as workers return to CBDs
New data released by the Property Council of Australia has revealed CBD office workers have returned to their workplaces in strong numbers in 2021.
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Elite Agent
Return to CBDs should be a New Year resolution
Office occupancy in major CBDs is still well below pre-COVID pandemic levels, and most building owners or managers do not expect to see an increase in CBD office occupancy for three months or longer.
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Real Estate News
HomeBuilder extension announced
The Federal Government has announced an extension of the HomeBuilder grant in a move that’s been widely welcomed by the property sector On Sunday, Prime Minister Scott Morrison announced the extension of the scheme at a reduced rate until March 31. The HomeBuilder scheme was initially devised as a COVID-19…
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Elite Agent
Managing the managers: Kirk Stafford on coaching PMs
Just as it took Kirk Stafford a recession during the early 90s to discover he was “a far better property manager than salesperson”, it wasn’t until the pandemic hit earlier this year that he realised he should step into property management coaching. In doing so, he is filling a huge…
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Elite Agent
Stamp duty is a terrible tax – its evils are well understood: Property Council
This week, State Treasurer Tim Pallas announced the Victorian Government would be slashing stamp duty. It's not the wholesale removal of the tax that New South Wales — for home sales under $1 million only — at a rate of 50 per cent for new build homes and 25 per…
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Elite Agent
A third of our waste comes from buildings. This one’s designed for reuse and cuts emissions by 88%
Designing buildings so they can easily be taken apart and the materials reused provides a feasible and commercial pathway for minimising waste and greenhouse gas emissions.
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Elite Agent
New Climate Change Bill will impact building industry
A bill introduced in the Australian Parliament today which aims to reduce emissions to net zero by 2050 has been welcomed by the building industry.
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Real Estate News
Canberra leads the slow return to CBDs
The latest survey of CBD office occupancy by the Property Council of Australia shows that workers are slowly returning to city offices, although uptake is slower than ideal.
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Real Estate News
HomeBuilder is working for now, but a second cliff is up ahead
A 15.4 per cent leap in the number of dwelling approvals and a 25.3 per cent rise in the value of housing construction loans during September shows the effectiveness of the HomeBuilder program.
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Real Estate News
PCA: Proposed fees make Australia “less attractive destination for investment”
Proposed foreign investment rules that introduce a steep new fee for investing in Australian real estate have been slammed by the Property Council of Australia's Chief Executive Ken Morrison.
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Elite Agent
Both NSW and QLD need to revitalise their CBDs
The latest results from the ANZ/Property Council Survey show that, while confidence levels in the real estate industry have risen in both Queensland and New South Wales, ghostly city centres in both states are continuing to cause concern.
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Real Estate News
Strong industry support for Federal Opposition’s property plan
Both the Master Builders Australia and the Property Council of Australia have welcomed the Federal Opposition's plan to rebuild the economy, as outlined in Anthony Albanese's Budget Reply Speech. "A strong pipeline of building and construction work is vital to building our way of out recession and we acknowledge the…
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FRANCHISE NEWS
Mirvac ramps up build-to-rent projects
Mirvac are betting on the build-to-rent market in a big way, with plans to develop and manage 5,000 build-to-rent apartments across Australia within the next five years.
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Elite Agent
ScoMo and the PCA want you to get back to the office
Property Council of Australia Chief Executive Ken Morrison has welcomed the Prime Minister's call for public servants to return to their offices, and for other businesses and workers to follow suit.
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Elite Agent
Simpler home loan rules to fuel Australian economy
Reforms announced by the Morrison Government that will streamline and loosen the progress of applying for home loans is hoped to jumpstart our flagging economy.
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Elite Agent
Planning reform will add $5.7b to economy: PCA
The Property Council of Australia are urging the various state and territory Governments to implement at least one of the 'quick win' reforms in their new Planning to Prosper report.
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Elite Agent
PCA call for six-month Home Builder extension
Recent research by the National Housing Finance and Investment Corporation predicted that demand for housing in Australia would fall by up to 232,000 dwellings over the next three years.
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Real Estate News
Foreign investment fee an “outrageous impost” that will hurt economy: PCA
Proposed legislation that will increase the cost of foreign investment applications fees has been slammed by the Property Council as being "an outrageous impost on safe institutional investment into commercial property and discourage the very…
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Real Estate News
$52.5m greener buildings package welcomed
The Property Council of Australia has welcomed today's announcement of a $1.9 billion package of investment in future technologies, including $52.5 million earmarked for improved energy efficiency in residential and commercial buildings.
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Real Estate News
RE/MAX New Zealand’s Queenstown rally sets high benchmark
After a period of COVID-related uncertainty, RE/MAX New Zealand held its second rally for the year bringing more than 100 members, business partners and invited guests together in Queenstown on 3rd September. RE/MAX New Zealand…
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Real Estate News
Wind up commercial rent relief this month, says PCA
A ‘red tape burden’ has been placed on the commercial property sector, according to a new survey by the Property Council of Australia, with only 25 per cent of provision relief having currently been finalised. The results highlight the inherent complexities of the codes, coupled with state and territory delays, the Property Council notes. Now they are calling on state…
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Real Estate News
Property Council of Australia nominations now open
Nominations for the Property Council’s industry committees are now open. “Effective advocacy for our industry and its contribution to Australia has never been more important,” said Property Council of Australia Chief Executive Ken Morrison. “Our members are critical in this important work, including through participation in our various industry committees. Our committee members help to shape the future for our…
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Real Estate Content
Commercial tenancy code extension could spell disaster
An extension of the commercial leasing code of conduct by state and territory governments would impose an extra $4.8 billion in costs on commercial property owners, according to the Property Council of Australia. This is in addition to the $4 billion impact of the leasing code on commercial landlord revenues for the five-month period from April to September. This could…
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Real Estate News
Talk of ‘the end of offices’ not supported by data
The end of the office is far from nigh, according to the Property Council, who recently released their latest Office Market Report. “While there is plenty of commentary about the end of the office, the data doesn’t suggest this, and there is a long way to go as business works its way through the economic and social impacts of COVID-19,”…
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Elite Agent
Build-to-rent incentives ‘a shot in the arm’
The Property Council of Australia has spoken out in favour of the NSW Government’s new measures to help boost the growth of the ‘build-to-rent’ sector. “The incentives announced today will help to attract institutional investment into new housing, giving the one-third of Australian households who rent their home more choice, certainty and better amenity,” said the Property Council’s Chief Executive,…
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Elite Agent
JobKeeper extension applauded as “right move”
The Property Council and Master Builders Australia are among the many industries to applaud the government’s extension of the JobKeeper program. “Today’s announcement by the Prime Minister and Treasurer provides businesses and their employees with the certainty they need for the coming months as we continue to grapple with the public health and economic impact of COVID-19,” said Ken Morrison,…
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Elite Agent
Environmental reform for building codes “sensible and long overdue”
Reforms to the Environment Protection and Biodiversity Conservation Act that aim to streamline regulatory legislation for both housing and commercial property projects have been welcomed by The Property Council of Australia as “sensible and long overdue.” “There has never been a more critical time to ensure that our regulatory regime is free of unnecessary process and strikes the right balance…
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Elite Agent
Confidence within the property industry is on the rise
The easing of COVID restrictions over the last few months has resulted in a surge of confidence in the property industry since April. The latest ANZ/Property Council survey took place between June 15 and July 1, surveying 955 industry folk. Not surprisingly, the states and territories with the biggest shift in sentiment were those least impacted by COVID-19: South Australia,…
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Elite Agent
Tasmania first state to accept HomeBuilder applications
The Treasury has announced that, despite some initial hesitations, every Australian state and territory are now signatories to the HomeBuilder scheme. Tasmania is already accepting applications, becoming the first state to do so. ACT will provide information on how to apply next Monday, while QLD has promised information “shortly”. Other states are expected to follow suit. The $25,000 grant has…
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Real Estate News
Thodey report recommends land tax, not stamp duty
NSW stamp duty should be replaced by land tax, according to a recommendation of the Thodey Report, which was released today. Instigated in 2019 by NSW Treasurer Dominic Perrottet and chaired by former Telstra Boss David Thodey, one of the draft report’s key recommendations is that broad-based land tax is more efficient and equitable than…
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Real Estate News
Call for ‘mega’ project fast-track to be applied to across the board
Australia’s leading property advocate has called for the fast-tracking of approvals for nation-building infrastructure projects to be adopted across the board by all levels of government involved in planning and construction approvals. The Property Council of Australia welcomed the Prime Minister’s commitment of additional funding to get new local infrastructure projects out of the ground and accelerate approvals for ‘mega’…
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Real Estate News
HomeBuilder stimulus to switch on sentiment and save jobs
The Federal Government’s announcement of a new HomeBuilder scheme will be a relief to thousands of home builders and tradies around the country. Australians looking to build or renovate in the second half of the year will be able to apply for $25,000 from the federal government as part of a scheme aiming to keep the construction industry moving. The…
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