Increasing investment into housing, including affordable accommodation, is expected from super funds and institutional investors.
As an emerging asset class, it’s a very big part of many global markets elsewhere. And I’m sure that over time that will be seen here in Australia.”to reduce a 30 per cent withholding tax applied to foreign investors in the sector. The industry wants the tax halved, in line with the rate applied to other commercially owned residential assets such as student accommodation and hotels.
On workplace practices, Mr Steinberg said while senior executives and company boards were keen to see staff back in offices more often, that would be difficult to achieve during a period of full employment.“[But] one of my very experienced directors said, ‘Wait to see them rush back to the office at the first sign of a real recession’.”
edits the property section, which covers all aspects, from residential real estate and housing and construction to commercial property – office, retail, industrial – and major ASX-listed developers and real estate investment trusts.