Search Results for: ken morrison
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Real Estate News
Safe Work Australia updates guidelines for return to work
With many people beginning to return to work in big office buildings, Safe Work Australia (SWA) has released new guidelines on the ‘COVIDSafe’ use of lifts. The guideline was updated overnight to say: “there is no requirement to provide 4 square metres of space per person in lifts, however you must still ensure, as far as you reasonably can, that…
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Real Estate News
Property industry can help kickstart economic recovery
Australia’s leaders have taken decisive action in response to coronavirus which has protected Australians from the terrible health outcomes seen in other countries. But this has also taken a toll on our economy, the effects of which are still largely unknown. In response, The Property Council says the industry should play an important role in Australia’s economy recovery and ongoing…
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Elite Agent
My staff don’t want to return to work – coming back after COVID-19
As Australia commences its return to normality, the internet is already abuzz with questions about the return of employees to their workplaces. When will it happen? How will it happen? And, increasingly, can I refuse to return when my boss tells me it’s time? On Friday, Prime Minister Scott Morrison announced Australia’s ‘3 Step Framework for a COVIDSafe Australia’. As…
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Elite Agent
Housing policies need change as COVID-19 widens renter-owner divide
The renter-owner gap will widen Despite concerns about house prices plummeting, the spread of COVID-19 is exposing a widening gap in housing markets between those who own zero housing wealth (renters) and those with substantial housing wealth (owners). Australians with little to no housing wealth were already experiencing at least three key types of vulnerabilities before the pandemic in the…
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Elite Agent
Progress made on code of conduct for commercial tenancies
The Property Council of Australia has noted today's direction from the National Cabinet for the development of an industry code of conduct for commercial tenancy. "We have been engaging closely with the Commonwealth, state and territory governments on these issues, and will continue to do so to provide the certainty that landlords, tenants and governments…
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Real Estate News
Property Council welcomes ‘business hibernation’ plan
The Property Council has welcomed the commitment of the Commonwealth, state and territory governments to develop a package of measures to help Australian businesses get through the current economic crisis caused by the coronavirus outbreak. “The Prime Minister’s proposal for a ‘business hibernation’ package recognises the critical importance of helping as many Australian businesses make it through this extremely challenging…
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Real Estate News
Kylie Walsh of DiJONES – A stronger industry, embracing change
DiJONES’ general manager Kylie Walsh is no stranger to innovation, but in recent weeks she reflects the whole industry has been forced to innovate at speed. “As an industry, real estate has been very slow to change,” she notes. “But this event will force us to…
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Real Estate News
Stimulus supports property industry – but will it be enough?
“HIA welcomes the Australian Government stimulus package, particularly the support provided for apprentices,” said HIA Chief Economist, Tim Reardon. “The residential building industry has contracted by around 20 per cent from its peak during the May 2018 quarter and most indicators showed an improvement in conditions in the second half of 2019. “Australia is emerging…
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Real Estate News
Stamp duty labelled ‘government addiction’ as industry calls for reform
Calls for changes to stamp duty are starting to grow stronger after New South Wales Treasurer Dominic Perrottet put the federal government on notice to act on tax reforms. In a recently released report, an independent panel appointed by the NSW Treasurer looked at how NSW and the Commonwealth could work together to build a stronger economy. One of the…
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Real Estate News
How will the bushfire crisis impact property prices?
There is no escaping the effect the recent bushfire crisis will have on property prices, but an independent property research company claims the impact will depend on the state of the market in the suburb prior to the bushfires as well as how badly the areas were hit. RiskWise Property Research has identified three ‘severity’ categories with greatly varied impacts…
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Real Estate News
12 Sydney property market predictions for 2020
1. Property owners will continue to sit on their handsListings will continue to be at relatively low levels as a significant proportion of property owners will wait and ‘time the market’ until they are certain prices have peaked again. For this reason, Sydney property buyers might be rewarded with more stock at the end of 2020. Once this happens, prices will…
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Real Estate News
Making every building count
Governments urged to adopt practical plan for emissions reduction. A landmark new plan sets out a practical pathway for transforming Australian homes, workplaces and other buildings into low carbon, high-performance structures while cost-effectively reducing emissions. Every building counts: A practical plan for emissions reduction is a policy toolkit jointly developed by the Property Council of Australia…
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Real Estate News
National agreement reached on building reforms
Both the Property Council of Australia and the Australian Institute of Architects have welcomed a national approach to building reforms after Commonwealth, State and Territory building ministers last week agreed to implement all 24 recommendations of the Shergold-Weir Building Confidence report. Shergold-Weir Building Confidence ReportDownload The report sets out 24 recommendations that look to cement the National Construction Code as…
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Real Estate News
APRA Lending guidelines and income tax cuts provide welcome confidence boost
The Property Council of Australia has welcomed the softening of residential mortgage lending guidelines and the Government’s income tax cuts, noting the initiatives provide a welcome shot of confidence for the property sector at a critical time for the Australian economy. Responding to APRA’s decision last week to remove the 7 per cent interest rate buffer for residential mortgage lending,…
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Real Estate News
Insurance crisis threatens construction sector
An impending insurance crisis risks bringing the construction sector to a halt unless Commonwealth, state and territory governments can work together to resolve the issue. The Property Council of Australia has called for an industry roundtable on resolving the insurance crisis, as many building and construction businesses face closure over the issue. They said it was essential for governments to…
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Real Estate News
International House Sydney: Rider Levett Bucknall Australian Development of the Year
Lendlease has claimed the nation’s top property prize, receiving the Rider Levett Bucknall Australian Development of the Year award for their innovative timber marvel, International House Sydney. Lendlease was presented with the accolade at the Property Council of Australia / Rider Levett Bucknall Innovation and Excellence Awards in Sydney on Friday. “International House is not only a construction industry ‘game…
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INDUSTRY NEWS
Liberal Party announces leg up for First Home Buyers
First home buyers are set for a significant leg up with a new initiative from the Morrison Government to slash the size of a home loan deposit, announced last night. Recognising that it can take nine to 10 years for an average household to save a deposit the Liberal plan is to help Australians realise the goal of buying their…
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Real Estate News
Budget 2019 focused on a strong economy
Prime Minister Scott Morrison and Federal Treasurer Josh Frydenberg handed down the Federal Budget last night. With a Federal Election on the horizon, the centrepiece of the budget was a cash rebate pitch to middle income earners and no changes to taxation legislation this side of an election. It’s the second year in the row there was no mention of…
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INDUSTRY NEWS
Banking Royal Commission final report demands crackdowns and compensation
The long-awaited final report from the banking Royal Commission has been handed down. The report, received by the Morrison Government on Friday 1 February and released publicly Monday 4 February, has suggested sweeping changes to the industry and 76 actionable recommendations. Commissioner Kenneth Hayne’s final 530-page report and 76 recommendations have been welcomed by the Federal Government and Labor, who…
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FRANCHISE NEWS
Harcourts Group Australia names new leader for Victoria state operations
Harcourts Group Australia CEO Marcus Williams has announced the appointment of Tony Morrison to the role of Harcourts Victoria CEO effective 10 December 2018. Mr Morrison currently serves as the CEO of the Harcourts Tasmania state office, a role he has held since 2004, and will become CEO of both state corporate teams. “Tony has driven the growth of the…
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INDUSTRY NEWS
South Australia’s real estate elite battle it out at Awards for Excellence in Real Estate
On Saturday night, South Australia’s real estate elite battled it out at the 2018 News Corp Australia realestate.com.au Awards for Excellence in Real Estate. The 2018 Awards celebrated all things Cuban with a Stars of Havana theme. The Adelaide Convention Centre took us all back to the land of salsa, cigars and Desi Arnaz Jr. This year the REISA Awards…
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INDUSTRY NEWS
City planning and management needs to step up to meet the growing population: Property Council of Australia
While Australia’s cities are growing fast – three quarters of our population growth is occurring in just our four largest cities – so are many other international cities and we need to learn lessons of how to grow cities successfully. “Population growth, including immigration, has been an essential part of the Australian story and has delivered real economic and social…
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INDUSTRY NEWS
Everything you need to know about changes coming into place from July 1
Federal GST changes for property After July 1 2018 buyers of new residential houses, apartments and land blocks will be responsible for making sure the GST on their purchase is paid to the ATO as part of the settlement process. This GST will not be an additional cost to buyers, it’s already part of any contracted purchase, but prior to…
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INDUSTRY NEWS
The great build-to-rent debate
The argument has been raging in the property industry for years: why can’t the build-to-rent model of housing, popular in both the UK and the US, work in Australia? It’s a complex issue, and your answer will depend which side of the fence you’re on. The build-to-rent model, also known as the ‘multi-family’ model, would see developers or investors hold…
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INDUSTRY NEWS
Harcourts Australia names 2018 Hall of Fame inductees
During a gala black-tie evening, Harcourts International inducted Lisa and Ben Bernacki of Harcourts Alliance (WA) into the Harcourts Hall of Fame. Mr and Mrs Bernacki join a list of select real estate professionals recognised with the highest accolade in the Harcourts network. “To be awarded a place in the Hall of Fame amongst the very people that inspire us…
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INDUSTRY NEWS
Budget needs to deliver a plan for Australia’s growing cities, says Property Council
Amid the debate about how Australia manages its growing population, tomorrow’s Federal Budget is a critical opportunity for the Turnbull Government to articulate its’ plan to shape Australia’s cities for a successful future. ‘The Government’s enthusiasm for ‘congestion-busting infrastructure’ is welcome, and no doubt we’ll see more of these projects supported in the last Budget before the next election,’ said…
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INDUSTRY NEWS
Social Sustainability Action needs to Step Up
With the nation’s premier annual conference on sustainability in the built environment underway this week in Melbourne, the Property Council is turning the spotlight on social sustainability as the next significant area of concerted industry action. Chief Executive Ken Morrison released a new report that defines key concepts and brings together case studies looking at the industry’s growing social sustainability…
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INDUSTRY NEWS
Planning and Investment are the keys in the population debate, says Property Council
Last Nights ABC Four Corners program Big Australia: Are we ready? has further invigorated the population debate that has recently been rekindled in Australia. Property Council of Australia Chief Executive Ken Morrison welcomed the debate, but called for people to look past anti-immigration fearmongering and focus on the opportunity to plan for great cities and liveable communities. “Beware the false…
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INDUSTRY NEWS
Nation building in the spotlight at national Property Council awards
From convention centres to master-planned communities, from heritage overhauls to new hospitals, the nation’s best buildings and brightest talent are once again in the spotlight. This year, 137 finalists in 20 categories have been named ahead of the 2018 Property Council of Australia / Rider Levett Bucknall Innovation and Excellence Awards in May. The awards program, now in its 36th…
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INDUSTRY NEWS
New Australian Housing and Urban Research Institute report dispels negative gearing myth
A report released last week by the Australian Housing and Urban Research Institute (AHURI) joins others in confirming that negative gearing is not responsible for high home prices. The report undertakes an in-depth review of the private rental market in Australia and nine other comparable countries, considering tax and finance settings, demand and supply and regulation of landlords and tenants. Property Council Chief…
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Real Estate News
Academic paper won’t help housing policy debate, says the Property Council
The Property Council of Australia says that an academic paper prepared by Melbourne University, as part of an RBA workshop reaches some bizarre and questionable conclusions on the potential impacts of removing negative gearing. Property Council of Australia Chief Executive Ken Morrison said any meaningful interrogation of the paper immediately raises serious questions as to the credibility of its findings, saying, “contributions to…
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INDUSTRY NEWS
New report demonstrates value to the Australian economy from foreign investment in real estate
A new ACIL Allen Consulting report, commissioned by the Property Council of Australia, has highlighted the strong and substantive benefits to the economy of foreign investment in commercial and residential real estate. The report, released at a high-level summit of domestic and international property and finance leaders at Parliament House yesterday, is in response to ongoing union and political campaigns…
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Elite Agent
The Eight Best Budget Moments from #Budget17: Sarah Bell
The 2017 Federal budget has been mostly received well judging from commentary by property pundits so far. A goldilocks attempt to temper the forces of supply and demand; of foreign investment and affordable housing without causing economic shockwaves. But, Federal Treasurer Scott Morrison or #ScoMo as he is trending was going to have a difficult time pleasing everyone. “The government is…
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Real Estate News
Sydney apartments shine at 2017 national property Innovation & Excellence awards
A magnificent makeover of Bondi’s old Swiss Grand Hotel and a 42-storey apartment tower in Chatswood have taken home two prestigious awards at the 2017 Property Council of Australia / Rider Levett Bucknall Innovation and Excellence Awards. RLB has partnered with the Property Council of Australia to present the Innovation & Excellence Awards program since its inception in 1982.The 2017…
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Real Estate News
Property Council releases it’s 10 point plan to fix affordability
A proven scheme to help first home buyers bridge the deposit gap and a suite of measures to address using supply are at the centre of the Property Council’s plan “Fixing Housing Affordability”. Broadly, the plan identifies 10 areas to tackling rising house prices: Crank up housing supply, diversity, and choice Make housing cheaper to produce Incentives to spur reform…
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