Podcasts about property council

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Housing Emergency Ramping Up - Key workers priced out of Adelaide housing market, Property Council research reveals.See omnystudio.com/listener for privacy information.

David & Will podcast - 18th March 2025 News Headlines, Sport with Tom Rehn, Darcy Grant - Artistic Director - Gravity & Other Myths, Weather, SAPOL, Jade Robran, News Wrap, Southern Beaches causing mystery illness - Sam Gaylard - Principal Marine Scientist - EPA SA & Moria Jenkins Victor Habor Mayor, Federal Politics with Phil Coorey, Trial by Jury, Property Council Report - Housing Emergency Ramping Up - Key workers priced out of Adelaide housing market, Property Council research reveals, Deb from Ascot Park - Public Sector worker, Natasha Brown - PSA, Bruce Djite - Property Council SA, Michelle Lensink - Shadow Housing Minister, Jade Robran LIVE from North Adelaide Park where Aaron Stahlhut was allegedly murdered & Westminster Principal Simon Sheppard - where the alleged offender attended school, Senator Jackie Lambe, Luke Leyson - Goodwood Quality Meats - Heading to Meat Olympics. See omnystudio.com/listener for privacy information.

The trend we have dubbed the Exodus to Affordable Lifestyle is one the key reasons we expect Regional NSW to deliver strong residential property markets in 2025.   The trend, of course, is not new – with big cities like Sydney losing population to internal migration for the past 10 years.   But the trend remains strong and has not slowed down or reversed, despite forecasts by some economists that there would be a movement of people back to the cities - with big businesses demanding that workers return to the office rather than work remotely.   The latest vacancy rate data for office space around Australia shows that the “return to the office” movement is not happening in a major way.   The Property Council of Australia, which represents the big end of town including major developers and owners of office buildings, is trying to put a positive spin on it, but the reality is that office vacancies overall are not improving in Australia as the work remotely trend continues to impact the top end office market.   The new Property Council report show than more offices were empty across the country in January than six months ago as the work from home trend continues to create headaches for Australia's big-city landlords.   Australia's office vacancy rate nudged up from 14.6% to 14.7% over the six months to January, the latest figures from the Property Council show. That's a very small rise – but the expectation was that vacancies would be falling significantly by now, as people move back to the cities and return to the CBD office buildings.   In Sydney, home to many finance, insurance and tech workers, the vacancy rate jumped from 11.6% to 12.8%, while the number of empty floors in Melbourne remained unchanged, at a historic high of 18%.   Indeed, office vacancy rates are between 9% and 18% in seven of the eight state and territory capital cities. The highest at 18% is Melbourne which is the basket case among the nation's economies and property markets of all kinds.   The Property Council called for “Active leadership” from the Victorian State Government to turn around the fortunes for Melbourne, which has Australia's second largest CBD, the Property Council says.   The AFR reported that major companies last year issued mandates for their staff to return to the office, but these figures show it's not happening in any major way – and both Melbourne and Sydney continue to have huge vacancies.   The movement of people from the biggest cities to regional areas is all about affordability and lifestyle, but enabled by technology which allows more people to work remotely – which is why office vacancies are so high.   Sydney, with a median house price around $1.2 million, has been steadily losing population and a proportion of that has been relocating to regional NSW, where the median house price is about $750,000 and plenty of regional cities and towns have houses on offer for less than $500,000.   This is a key reason why Regional NSW outperformed Sydney on price growth recently. In the past 12 months Sydney's median prices have risen 1.9% for houses and 1.1% for units, while Regional NSW has managed 3% for both houses and units – with a number of individual regional markets doing considerably better than those averages.   Many suburbs of Wollongong have increased 7-9%, and a number of Newcastle suburbs have recorded double-digit growth in their median house prices, as have some of the Albury locations and several of the suburbs of Tamworth.   A recent analysis conducted by Hotspotting ranked the eight capital cities and six state regional markets – a total of 14 major jurisdictions – from 1 to 14 based on a series of different metrics and Regional NSW ranked 6th out of 14 for price growth prospects in 2025.   At Hotspotting, we expect 2025 to be a solid year overall in Regional NSW markets – but you need to see our Top 5 Regional NSW Hotspots report to find out which locations will perform the best and out-perform market norms – this year and beyond.  

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Why are so many residential investors making the leap into commercial real estate? That’s the big question we unpack in this episode with Vanessa Rader from Ray White Research. With over 25 years of experience across residential, commercial, and niche property markets, Vanessa offers an expert perspective on this growing trend and its implications for investors. One of the standout moments in our chat is how Vanessa highlights the key distinctions between residential and commercial investments. While residential decisions often hinge on emotion, commercial real estate is all about strategy and crunching the numbers. It’s no wonder smaller commercial investments are becoming a go-to option for residential investors seeking higher returns or a more hands-off experience. We also dig into the performance of various commercial sectors. Industrial spaces are leading the charge, fueled by booming demand from logistics and e-commerce. Retail, surprisingly, is holding steady in prime areas, while office spaces continue to grapple with shifting workplace trends. Of course, it’s not without its challenges. We talk about the risks, such as the critical importance of securing reliable tenants and navigating market fluctuations. While the potential returns are tempting, this episode is a reminder that success in commercial property requires knowledge, preparation, and a clear strategy. Episode Highlights: 00:00 - Introduction 00:57 - Who is Vanessa Rader? 01:52 - What is it about the commercial real estate sector that lights Vanessa up 03:25 - Overview of the different sectors and price points in commercial real estate 08:11 - Which areas of commercial real estate are particularly strong at the moment? 15:49 - Which areas of commercial real estate are underperforming 17:08 - How is the office space sector evolving, and what’s next? 23:58 - Is there a reimagining or repurposing of office spaces occurring? 28:15 - What was the catalyst for the shift in leasing preferences for office spaces? 30:44 - What trends are emerging in the owner-occupied commercial space? 34:06 - Are investors leaving residential for commercial, or exiting property altogether? 43:32 - Are there emerging sectors in the smaller market we’ve overlooked? 47:08 - Vanessa Rader’s property dumbo About Our Guest: Vanessa Rader, Head of Research at Ray White Group, is a leading Australian property expert with over 25 years of experience across commercial, residential, and niche markets. Known for her in-depth analysis and media commentary, she regularly appears in national and international outlets like Australian Financial Review and Sydney Morning Herald and speaks at industry events. Vanessa is actively involved with the Australian Property Institute and Property Council of Australia and has received multiple awards for her contributions. With expertise in economic and political impacts on real estate, she is a trusted voice in the property sector. Connect with Vanessa Rader: Ray White Research https://www.raywhite.com/ LinkedIn https://www.linkedin.com/in/vanessa-rader/ Resources: Visit our website https://www.theelephantintheroom.com.au If you have any questions or would like to be featured on our show, contact us at: The Elephant in the Room Property Podcast questions@theelephantintheroom.com.au Looking for a Sydney Buyers Agent? https://www.gooddeeds.com.au Work with Veronica: https://www.veronicamorgan.com.au Looking for a Mortgage Broker? https://www.flintgroup.au Work with Chris: chrisbates@flintgroup.au Enjoyed the podcast? Don't miss out on what's yet to come! Hit that subscription button, spread the word and join us for more insightful discussions in real estate. Your journey starts now! Subscribe on YouTube: https://www.youtube.com/@theelephantintheroom-podcast Subscribe on Apple Podcasts: https://podcasts.apple.com/ph/podcast/the-elephant-in-the-room-property-podcast/id1384822719 Subscribe on Spotify: https://open.spotify.com/show/3Ge1626dgnmK0RyKPcXjP0?si=26cde394fa854765 See omnystudio.com/listener for privacy information.

Two very different headlines have summed up the problems for Australia's ongoing housing shortage. One of the recent media headlines declared that building approvals were at a two-year high and that things were improving for the nation's housing shortage.  The other described why building approvals are almost irrelevant – it said that project deferrals are occurring at a record rate. The reality of the current crisis is this: it doesn't matter how many houses and apartments are approved for construction – and it doesn't matter how many re-zonings state governments push through or what incentives they hand out to first-home buyers. Most real estate developments are not proceeding because they're not financially viable. One of those media headlines read: Building approvals hit two-year high as apartment construction surges. This was incorrect - apartment construction is not surging – approvals are, but many projects are simply not being built because they're not viable in the current environment. It's so expensive to build that the end price for the dwellings would be far too high for most buyers – and therefore not financially feasible. In October, Australian dwelling approvals reached their highest level in 22 months - with nearly 15,000 new homes approved for construction during the month.  ABS data showed total dwelling approvals rose 4.2 per cent for the month, with approvals for apartments and townhouses jumping 25 per cent to over 5,800 units, the highest since May 2023 – but private house approvals fell 5.2 per cent. The AFR showed a startling lack of understanding of the problems in the industry when it declared in a headline: Worst has passed for new home building The article said: “The worst has passed for Australia's medium- and high-rise housing sector, economists said on Monday, after a jump in approvals of new apartments, townhouses and semi-detached homes.” KPMG urban economist Terry Rawnsley said: “The bad times are starting to end … Even with interest rates being unchanged for the year, they still have that confidence that if they can get a project out of the ground they'll be able to sell it at a profit.” But that, we think, was rather naïve – and others were less optimistic. The Property Council of Australia pointed out that apartment approvals were still at half their level of the development boom under way in FY2018. And Oxford Economics Australia senior economist Maree Kilroy said: “While the latest approval result for apartments was positive, we continue to expect a materially higher dropout rate to commencement.” In other words, many approvals would not translate into construction. She referred to utility connection bottlenecks and trade labour shortages as problems in the sector. Matthew Kandelaars of the Property Council said: “We need to get back to the construction levels seen nearly 10 years ago. We are now six months into the National Housing Accord's ambitious target of delivering 1.2 million new homes and we cannot allow the target to slowly fade into the background over the next 4½ years.” According to a new report, money is still flowing into the construction industry but more and more of it is being dedicated to renovating. KPMG released analysis of spending in the residential construction sector, revealing that while spending on renovations has boomed over the past five years, new residential construction on a per-capita basis has hit a low not seen since 1988. Over the past five years, spending on new home building has dropped 14 per cent, adjusted for inflation. By comparison, the amount of funding flowing into renovations has increased by 6.5 per cent. KPMG said:  “For every nail hammered and brick laid in residential construction, 40 per cent of it is going into renovating a pre-existing home.” So the underlying problem remains. Regardless of how many dwellings are approved, far too few are proceeding to construction – so the fundamental shortage continues and there will continue to be upward pressure on prices and rents.

Support us on Patreon... Tennant, Luke and Frankie are calling all Summerupperers to come join the expanded LMSU universe and support our Patreon! Sign up today for access to coveted BoCo like bonus subscriber-only episodes, soon to include a game of Dungeons & Dragons recorded in Baku after a chat about the US election. What's not to love here? Head on over to https://www.patreon.com/LetMeSumUp.—It's a cornucopia of climate content as your intrepid hosts barely know where to start feasting as the festive season descends upon the pod. Conscious climate consumers that we are, we can't help but indulge in a little pre-xmas pud of (yet another) NEM review. There are terms of reference, and wouldn't you know, we have thoughts about them. The TL;DR of *this* NEM review is that there are a bunch of good eggs, led by Tim Nelson, in search of the successor to the Capacity Investment Scheme. And once again, heavy sighs from governance wonks and demand side proponents abound as these do not seem to be a focus.

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There are multiple reasons why Australia has a housing shortage and why the numbers of new dwellings needed are simply not being built. This is something I have spoken about regularly in the past and will continue to do so, as it's the core issue creating problems for real estate consumers of all kinds – home buyers, investor buyers and tenants. Here are the latest events and announcements which help to explain why we have a housing shortage with rising prices and rising rents, problems which are not going to be fixed in the foreseeable future … ITEM 1 – BUREAUCATIC DELAYS: Sydney councils are sitting on backlog of almost 8,500 unresolved development applications and requests for development certificates, according to NSW government data. There are over 5,000 unresolved development applications across the Greater Sydney area, plus 3,300 active “complying development certificates”. Five councils each have more than 300 local development applications that are waiting to be finalised. Data from the Department of Planning Housing and Infrastructure lists the Inner West Council as the worst offender, with 456 “active” DAs waiting for a determination. The Northern Beaches, Hills Shire and Cumberland Councils also have major backlogs. Thousands more “complying development certificates” are also adding to the backlog, despite being designed to give faster approvals to developments that meet certain requirements. Some councils are taking more than a year to approve homes. And some developers are waiting up to a decade for projects to be approved. In my view, one of the core issues is that many councils have a NIMBY attitude to development, especially high-density residential. They simply don't want developments to be built and do everything they can to frustrate builders. ITEM 2 – NOT FINANCIALLY VIABLE: In Perth, the rate of apartment completions has dropped to its lowest levels since records began in the 1980s. A new Property Council report says that, to meet the housing targets set by the National Housing Accord, WA would need to be delivering five times the number of apartments per year that it currently is. The Sky High report says there are more than 10,000 apartments approved for WA but effectively on hold and unable to be constructed. The major issue is that projects are just not financially viable – because the cost of delivering an apartment is generally higher than the market is willing to pay, so projects simply don't stack up. Only luxury apartments are economically viable projects. The report blames climbing construction costs - driven by labour shortages and competition for labour from government and mining sectors. The report says: “Developers are reporting that construction cost estimates are now almost double the cost of similar developments five years ago.”  The Property Council expects that costs will climb even higher as the new national construction code and bargaining agreements imposed by government take effect. This is problem not only in Perth but right across Australia. Developers are scrapping unit projects because the costs are so high, making them financially unviable. The Australian Construction Industry Forum says it's a worrying trend for a country that needs more, denser homes – not only apartment towers but medium-rise and townhouse developments in existing suburbs – to tackle the chronic undersupply of housing and to ensure longer-term affordability. The forum's Construction Forecasting Council chair and chief economist Nerida Conisbee says: “It's very, very expensive to build apartments. Many projects aren't going ahead.” ITEM 3 – WORKER SHORTAGES: A recent report reveals that Australia needs 130,000 additional workers to combat labour shortages in the construction sector. This has prompted calls for rapid reforms from both federal and state governments to attract and retain skilled labour. The report says the nation is on track, in 2024, for the worst year in new home builds in over a decade, with an 9 per cent decline in new building starts, totalling just 158,000 when it needs to be 240,000 per year to meet the Federal Government's fanciful target of 1.2 million new homes in five years. Construction starts for detached houses have dropped by 10 per cent, while higher-density projects have declined by 6 per cent. If this pace continues, Australia could see fewer than 800,000 new home starts over the five years, leading to a shortfall of over 400,000 homes compared to the National Housing Accord target. The decline in apprenticeship numbers further compounds this crisis, with completions down 8 per cent and commencements down 12 per cent in the past year.  ITEM 4 – POLITICAL POLICIES: The Housing Industry Association says a home building recovery is possible because buyer demand is rising, but state government housing policies risk stalling the revival. HIA Senior Economist, Matt King, says demand for new homes nationally is accelerating - largely due to high population growth, low unemployment, stable incomes and the absence of interest rate rises for the past year. King says activity generally is picking up, but there are big differences across capital city and regional markets. Sydney remains an outlier and there is still no indication of a near-term rebound in residential building in the big city. King says: “New home building in the Sydney basin remains exceptionally low, primarily due to high land prices and excessive housing taxes and infrastructure charges.” Australia-wide, the HIA says the detached home building sector looks promising, but the unit sector remains constrained and is unlikely to experience recovery before mid-2025.  King says: “The sector continues to be dampened by skilled labour shortages, business credit constraints and the aftermath of significant building material cost escalation.  “The extent of the recovery in new home building will be determined by the ability of governments to ease the barriers to home building. “Recent state government plans to increased surcharges on foreign investors and introduce taxes on short-term rental accommodation are unhelpful at a time when stability is needed to achieve the target of 1.2 million homes.” King says the rate of home building is being slowed down by government failure to implement policies such as expedited land releases, concessions on property taxation, and accelerated development approval time frames. ITEM 5 – HIGH LAND COSTS:  The rapidly prising cost of home sites is one of the biggest barriers to easing the housing shortage. New figures for South East Queensland indicate that the cost of residential home sites has jumped by as much as $120,000 in a year – up 21 per cent in one LGA where it now costs as much for a block of land as the median home did just two years ago. This is the City of Brisbane LGA where land prices rose 8.7 per cent in the September quarter alone, pushing the median price of a block of land to $685,000 – which is $3,000 more than what an established home cost in this area in June 2022. The second biggest annual surge in land prices occurred in the City of Ipswich where the median block rose 15 er cent or by $48,000 to hit $360,000, with the third fastest pace set by Moreton Bay, where prices rose by 10 percent to $415,000. The cheapest blocks of land in South East Queensland are in Logan City in Brisbane's south, where a third of SEQ land sales are now occurring – with the median price at $350,000 after a rise of almost 10 percent across the year.  The Gold Coast had the second highest SEQ land price at $619,000, after an 8 percent rise in the past year. So, you can imagine what a new house on a block of land costs, when the land alone costs well over $600,000 – as it does in the City of Brisbane and on the Gold Coast. Why does it cost so much? Primarily because of bureaucratic delays, governments taxes fees and charges, and high interest rates – all problems created by our elected representatives.  

In this episode, we are joined by Leonie Freeman from the Property Council to discuss the government's RMA reforms. This includes how much the red-tape cutting will save and what the opportunities are for property investors. For more from Opes Partners: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Sign up for the weekly Private Property newsletter⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Instagram⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠TikTok

"Success for me is making an influence on society in a beneficial way." Are you interested in housing as economic infrastructure? What do you think about the developer sector? How can we be more aware of our effects through the built environment on society? Interview with Robert Pradolin, director of Housing All Australians. We talk about his vision for the future of cities, capitalism versus caring for the vulnerable, housing affordability, and many more. Robert Pradolin boasts over 40 years in the property industry, significantly shaping Australia's housing landscape. His career highlights include an 18-year role as General Manager at Frasers Property Australia, where he focused on creating sustainable, people-centred communities. Currently, Robert serves as Executive Director of Housing All Australians, a for-purpose organization advocating for innovative housing solutions to address the national crisis. His dedication extends to board positions with Homes Tasmania and Liverty Housing, and past contributions to the UDIA, Property Council of Australia, and other housing and heritage organizations. Robert's work is driven by the conviction that accessible housing is a fundamental need, vital for avoiding economic and social consequences. Find out more about Rob through these links: Robert Pradolin on LinkedIn; @rpradolin as Robert Pradolin on X; Housing All Australians website; Housing All Australians on LinkedIn; Robert Pradolin on the On The Way Home podcast; Robert Pradolin on the Rotary Melbourne Podcast; Robert Pradolin on the NT Shelter podcast; Under Cover on iview.abc.net Connecting episodes you might be interested in: No192 - Interview with Ted Baillieu about using the current building stock in the CBDs No.206 - Interview with Amir Hussain about the housing bubble; No.263R - Why affordable, social &public housing must be redefined as economic infrastructure What wast the most interesting part for you? What questions did arise for you? Let me know on Twitter ⁠⁠⁠⁠⁠@WTF4Cities⁠⁠⁠⁠⁠ or on the ⁠⁠⁠⁠⁠wtf4cities.com⁠⁠⁠⁠⁠ website where the ⁠⁠⁠⁠⁠shownotes⁠⁠⁠⁠⁠ are also available. I hope this was an interesting episode for you and thanks for tuning in. Music by ⁠⁠⁠⁠⁠Lesfm ⁠⁠⁠⁠⁠from ⁠⁠⁠⁠⁠Pixabay⁠

The news that major changes are being considered for the building consent system is receiving high praise from the Property Council. The government is looking at three options to replace the network of more than 60 building consent authorities. Property Council Chief Executive Leonie Freeman says the current system is plagued by delays and inconsistencies across regions. She spoke with Corin Dann.

Property Council of Queensland Executive Director Jess Claire joined Gary Hardgrave on 4BC Drive to address the state government considering implementing rent caps in the Queensland market.See omnystudio.com/listener for privacy information.

Planning Minister Nick Champion, Property Council's Bruce Djite and shadow minister Michelle Lensink join Matthew Pantelis. Listen live on the FIVEAA Player. Follow us on Facebook, X and Instagram.See omnystudio.com/listener for privacy information.

Tony Jones speaks with executive director of the Property Council of Victoria, Cath Evans, as new polling reveals almost 70 per cent of voters think the state government is not doing enough to make housing more affordable. See omnystudio.com/listener for privacy information.

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Matthew Pantelis speaks with Bruce Djite, SA Exec Dir, Property Council of Australia discusses development in Adelaide following the Crown & Anchor being saved. Listen live on the FIVEAA Player. Follow us on Facebook, Twitter and Instagram.  See omnystudio.com/listener for privacy information.

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For a long time I have argued that housing is expensive in Australia because politicians have made it so – AND keep making decisions that add to the cost. The value of all residential real estate in this country is under-pinned by the cost of creating new dwellings – and those costs keep rising, way beyond the rate of inflation. One of the biggest elements in the cost of new homes is the taxation component. The research shows that a massive share of the cost of creating a new dwelling in Australia is taxes, fees and charges at all three levels of government. The Federal Government, the various state governments and local government authorities all use residential real estate as a cash cow – in other words, they milk it for revenue. Over the past 5-10 years, there have been a number of research reports which quantified how much of the cost of new dwellings comprises government imposts. Some of that research has come from the building industry and some have been independent research reports by credible organisations. And they have all arrived at similar conclusions: that somewhere between 30% and 50% of the cost of a new home in Australia is taxes, fees and charges at the three levels of government. Why is it 30% to 50%? Because the percentage differs depending on location. And now that reality has been confirmed by a new research report by the Property Council of Australia in Queensland – which has found that one third of the cost of new homes and apartments in that state is made up of government charges. The report says: “The Queensland Government's promise of delivering ‘a home for every Queenslander' cannot be fulfilled under the current tax model.” The ‘Stacked Against Us' research report shows that government taxes, fees and charges make up 32 per cent of the total cost of a new house and land package in Queensland and 33.3 per cent of a new apartment. For a $730,000 mortgage, that equates to $233,440 in taxes, fees and charges. The report says: “The impact of these tax settings is seeing Queenslanders spend the first nine years of a 30-year mortgage package paying off prohibitive taxes, fees and charges – plus interest.” And the report also says: “Queensland is in the grips of a housing affordability crisis. A key reason why houses aren't affordable is the increasing burden of taxes and regulatory costs in the development of new houses and apartments.  “Taxes on new homes are a double whammy – they increase costs (and therefore sale price) of new builds, in turn increasing the costs of buying or renting established homes.” The report points out that, over the past three years, the Queensland Government has experienced a $3.5 billion in windfall transfer duty receipts alone - representing a 29 per cent increase in receipts above the forecast level.  The situation in Queensland is being replicated across Australia. It's worse in New South Wales. In Sydney, the taxation component of a new dwelling on a block of land can be as high as 50%. It's becoming diabolically bad in Victoria, which has by far the highest taxes on residential real estate of anywhere in the nation. The message to politicians is clear: if you really want to create affordable housing, as you say you do, stop treating the process of creating new homes for Australian families as a cash cow.  

Nadia Budihardjo speaks with Claire Tyrell about the new Property Council boss, Nicola Brischetto. Plus median Perth house prices reach a record; Roger Cook on live exports; and Hyatt Regency Perth closes.

Mike Zorbas, Property Council of Australia CEO joined Gary Adshead on 6PR Mornings to discuss whether the Albanese Government's pledge to build 1.2 million houses by the end of the decade is actually feasible. See omnystudio.com/listener for privacy information.

Property Council of Australia Retirement Living Executive Director Daniel Gannon, joined Gary Hardgrave on 4BC Drive with July 1 kicking off the Federal Government's 1.2 million new homes target.  See omnystudio.com/listener for privacy information.

The most concerning thing about the unprecedented shortages which afflict Australian real estate markets is not that they are driving up rents and prices across the nation. Alarming though that is for tenants and for first-home-buyers, the truly concerning thing is the myriad ways in which our elected representatives keep making those problems much, much worse. Every time a state or territory government passes legislation or announces a policy move or hands down a budget which impacts on the rental shortage and housing affordability issue, they make it worse – not better. This is the unsung scandal of Australian politics – that, at a time when the cost of living is such a big issue for so many people, the biggest single cost in the budget of most households (the cost of accommodation) keeps getting worse because our politicians keep making decisions that make it more and more costly. In recent weeks we've witnessed the delivery of the Federal Budget and state and territory Budgets– and there's not a single measure in any of those budgets which deals with the high cost of building and buying houses, or with the chronic shortage of rental properties which is causing residential rents to rise and rise. But there are numerous measures in those state and federal budgets which, directly and indirectly, make those core housing issues worse. And the big-spending pre-election vote-buying handouts in some of those budgets have added fuel to inflation which is likely to keep interest rates higher for longer. If Australia had a news media worthy of its place in society, there would be headlines screaming about this every day. What we do have, every day, is articles and commentary reminding us that there's a shortage, items on the plight of tenants and on the lack of affordability in real estate – but there is little or no coverage of the steady flow of measures from politicians which continue to make all the problems worse. And there has been little or no commentary on the reality that none of the budgets handed down in recent weeks contain any measures to directly address the shortage of homes available for rental. Some state budgets have policies to build more social housing over the next 4-5 years, but nothing to address the immediate shortage of tenancies. There has not been a single measure to provide encouragement or incentives to the people who provide over 90% of the homes people rent – private mum-and-dad investors. What there has been, notably in the state budgets from the governments of New South Wales and Victoria, and in other policies they have announced, is a series of measures which increase the costs on the people who provide the product that's in short supply, particularly with new or increased taxes. The industry has sought to warn governments that measures like these will likely worsen the dire shortage situation by forcing investor owners to sell up – or further worsen the plight of tenants by forcing landlords to increase rents. Investors owners have experienced massive increases in their costs recently, with higher interest rates, higher council rates, higher insurance premiums, higher maintenance costs – and, in the case of Victoria and NSW, major hikes in land tax and other taxes. This has meant that rental properties that previously paid their own way are now in a serious loss situation. This forces owners to either sell or increase the price of the product they provide, which is a home for rent. Victoria has exacerbated the problems in that state by introducing new requirements on the standard on the dwellings which will force owners to spend between $5,000 and $10,000 on upgrades. This will tip many owners over the edge and force them the sell – and their tenants will lose their homes. This is already happening. A new report has found that over 3,000 investors sold their Melbourne properties in May alone – and, across Victoria, almost 4,000 rental properties are listed for sale, according to Suburbtrends. Given the strong anti-investor stance of the Victoria state government, the properties being sold are unlikely to be bought by investors, so they will be lost from the pool of rental properties – and vacancy rates will continue to fall, which puts further upward pressure on rents. One of Australia's most respected property analysts, Simon Pressley of Propertyology, has said his business will not recommend Victoria to investors until there was a change in attitude from the state government. The firm is instead steering would-be investors to specific locations in other states. He has warned that the lack of new investment in Victoria had made the situation for tenants “ugly”. But it's not only Victoria. It's also happening in New South Wales, with thousands of investor-owned properties currently listed for sale. The state budget in NSW includes significant increases in land tax – and, according to multi-award-winning buyers ‘agent Rich Harvey of propertybuyer, the changes will cause more investors to sell in NSW and will also prompt intending buyers to avoid NSW. The NSW state budget also imposes a major Emergency Services Levy burden on property owners - and increases taxes on foreign investors, which will also have the impact of reducing rental supply. The Property Council said the NSW budget bombshell “beggars belief”. The Council's NSW executive director Katie Stevenson says: “It's a massive cost for property owners facing a once-in-a-generation housing supply and affordability crisis.” The Australian's wealth editor James Kirby commented that Sydney's “prime position as the nation's hottest property investment market is now in jeopardy”, with investors likely to be driven away from the city. The national president of PIPA, Nicola McDougall, said about NSW: “This has come out of nowhere. It's going to drive rents higher and it's going to force investors to sell up, just like it has in Melbourne – I really wonder: does the NSW Government understand this?” And my answer would be: No, they really haven't got a clue. Or, if they do understand, they don't care about the plight of the one-third of households in NSW who rent their accommodation. In Queensland, where the State Government faces an upcoming election, the State Budget has thrown lots of electioneering cash at Queensland families to help them pay increasingly high electricity bills and for car registration fees, and there was a renters relief package – but there was nothing to increase the supply of rental properties and reduce the cost of building new homes. The Queensland Budget stated the ridiculous objective of building a million new homes by the year 2046 – ridiculous because it's based on the current government remaining in power for the next 22 years, when the polls suggest they won't survive in government beyond the state election in October this year. And, like other states, Queensland has slugged foreign investors with higher taxes – which will have the impact of further reducing rental supply and preventing the construction of major apartment buildings. And so the process continues.  The rental shortage has been created from years of politicians discouraging, demonising and disincentivising investors – and they continue to make the situation worse for tenants with ongoing measures which punish investors and exacerbate the shortage. The high cost of building new homes, whether they be houses or townhouses or apartments, has been largely, though not entirely, caused by imposts from various levels of government, including local councils, but in particular by state governments. They keep changing the guidelines in ways that add to those costs and they keep slugging builders and developers with taxes, fees and charges – as well as mind-numbing bureaucratic delays which also add to the costs in times of high interest rates. The result is that the standard house-and-land package is so costly as to be increasingly unaffordable for young buyers – and they keep adding more and more layers of cost, including the new construction code which adds up to $40,000 to the cost of building your standard brick and tile house. As a society, we should be outraged by this. Our elected representatives have made housing increasingly unaffordable, both for purchase and for rental, and each passing month they make it worse, while blaming others for the problems.  

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In this insightful episode, we are excited to welcome Robert Pradolin, a seasoned expert in the property industry and a passionate advocate for affordable housing. Robert, the founder and Director of Housing All Australians (HAA), shares his wealth of experience and deep insights into the housing sector and how solutions to Australia's housing crisis must be driven by the private sector. Robert believes that Australia's housing crisis is too big for government to solve alone. We dive into the innovative PRADS Model (Progressive Residential Affordability Development Solution), discussing its potential impact on unlocking private sector capital for affordable housing and how that makes it a game changer. This episode is packed with valuable information for anyone interested in the future of housing in Australia.Robert Pradolin has been a prominent figure in the property industry for over 40 years. His extensive experience includes serving as General Manager of Frasers Property Australia (formerly Australand) for over 18 years. As the founder and Director of Housing All Australians (NFP), Robert has dedicated his career to addressing housing affordability. He also serves on the Board of Homes Tasmania and Livery Housing, a disability housing provider.Throughout his career, Robert has actively contributed to various industry bodies, including the Property Council of Australia (VIC), the Residential Development Council, the Housing Industry Association (VIC), the UDIA (VIC), Salvation Army Housing, Liveable Housing Australia, and the Heritage Council of Victoria. He was also a member of the Victorian Board of Advisors of the Property Industry Foundation.Join us for this engaging episode as we delve into the future of affordable housing with one of the industry's leading experts.EPISODE LINKSRobert Pradolin LinkedIn > https://www.linkedin.com/in/robert-pradolin/ Housing All Australians > https://housingallaustralians.org.au/ Undercover Documentary narrated by Margot Robbie > https://www.undercoverdocumentary.com/ LET'S CONNECT Instagram > https://www.instagram.com/preciselyproperty/ Website > https://charterkc.com.au/precisely-property-podcast/ LinkedIn > https://www.linkedin.com/company/charter-keck-cramer/ Email > podcast@charterkc.com.au This podcast is for educational purposes only and should not be considered investment or financial advice. This podcast is not intended to replace or supplement professional investment, financial or legal advice. Please seek professional advice based upon your personal circumstances. The views expressed by our podcast guests may not represent those of Charter Keck Cramer. This podcast may not be copied, reproduced, republished or posted in whole or in part without the prior written consent of Charter Keck Cramer.

Housing, housing, housing. It was a conversation that dominated the Property Council of Australia's annual Property Leaders' Summit given the country's current supply crisis. But a range of other topics were also put under the microscope, including the current interest rate trajectory, views on alternative property assets, if we're on track to meet our ambitious energy transition targets, and whether early AI adopters will reap a competitive advantage. The Summit is the hottest property ticket in town, and it's governed by the Chatham House Rule. So, we were excited by the opportunity to discuss - under the Chatham House Rule of course - key outtakes with the 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.

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This audio is the recording of an in-person event, hosted by the Auckland Property Investors Association titled "The Elephant in the Housing Room: What the Experts See When the Rest of Us Aren't Looking".Moderated by Nick Goodall, Head of Research at CoreLogic NZ, featuring a panel of Opteon MD, Richard Vaughan, Chief Executive of the Property Council, Leonie Freeman and Chief Economist at CoreLogic NZ, Kelvin Davidson.This covers a number of topics that haven't generally got as much coverage as they deserve, such as the impacts of climate change on housing, the opportunity of build-to-rent, the difficulties of infrastructure investment and the generational changes which will have an influence over the next few decades.Sign up for news and insights or contact on LinkedIn, Twitter @NickGoodall_CL or @KDavidson_CL and email nick.goodall@corelogic.co.nz or kelvin.davidson@corelogic.co.nz

This week, Emily Young, Interim Executive Director of the Property Council of Australia (WA), sits down with Trent to outline PCA's key advocacy document for the upcoming 2025 WA State Government election campaign, which includes a number of interesting and compelling ideas to improve WA's current housing crisis. Don't miss this very informative chat.

By 2100, some 10 billion people will live in around 10,000 cities across the globe. Just in Australia, our population is tipped to rise by 15 million people over the next 36 years.So how do we accommodate this growth, deal with the current housing shortage, continue to decarbonise, harness the power of AI and manage the long-term impacts of the pandemic?These issues were centre stage at the Property Council of Australia's Future Cities Summit, which was headlined by one of the world's leading urbanists, Professor Greg Clark. He joins us on Talking Property alongside CBRE's NSW Director of Government & Industry Ash Nicholson to discuss how we can make our cities liveable, loveable and prosperous.If you have any questions regarding this episode or property topics that you'd like CBRE to address in future episodes, please email us at talkingproperty@cbre.com.

Jack McGinn and Nadia Budihardjo discuss the most influential figures in Western Australia. Plus: Primary school limbo; Bunbury windfarm potential, and Property Council's calls.

Sam Kerr is a reverse milkshake duck. Emerald and Tom do a vibe check on the upcoming Brisbane City Council local election and Steven Miles' texting SCANDAL (8:36). Next they check out this week's developments in the fight for housing, with Greens proposing new public investment and Max Chandler-Mather speaking at National Press Club (23:20). Finally, a call to action (56:41). ---------------------------------------- Full video version of this episode at https://www.youtube.com/c/SeriousDangerAU New Patreon ep with Jesse Noakes talking forced evictions and homeless out now.Subscribe on Patreon to support the show and check out over 30 full-length fortnightly bonus episodes, with guests like Geraldine Hickey, Max Chandler-Mather, Lee Rhiannon, Michael Berkman, Wil Anderson, Cam Wilson, Gabbi Bolt, Tom Tanuki and Jon Kudelka, and deep dives into topics like boomers v gen Z, the history of the party, co-operatives, Taylor Swift, when Friendlyjordies owned us, and whether a Greens government would lead to the apocalypse. https://www.patreon.com/SeriousDangerAU Links - If you live in Brisbane, VOTE!!!!!!!! https://vote.greens.org.au/  Watch the full video of Max Chandler-Mather at National Press Club - https://www.youtube.com/watch?v=d9PZevNcplo  Go to a Palestine protest, meeting or other event https://apan.org.au/events/ BDS Australia - Check your super fund is not funding Israel's apartheid and genocide https://bdsaustralia.net.au/check-your-super/  Remember we've announced we're doing a live show in Naarm/Melbourne on Saturday April 6th at 1:30pm at the Comedy Republic https://www.comedyrepublic.com.au/event/38:304/38:910/  We're coming back to MEANJIN/BRISBANE!!! We're doing a live show at Good Chat Comedy Club on Saturday April 27th at 2pm. Tickets on sale now:  https://www.eventbrite.com.au/e/serious-danger-w-emerald-moon-tom-ballard-live-in-brisbane-tickets-843371164857  Produced by Michael Griffin https://www.instagram.com/mikeskillz/  Follow us on https://twitter.com/SeriousDangerAU https://www.instagram.com/seriousdangerau  https://www.tiktok.com/@seriousdangerau Support the show: http://patreon.com/seriousdangerauSee omnystudio.com/listener for privacy information.

CoreLogic's Pain & Gain Report for the fourth quarter of last year shows about 26 percent of apartment resales have been at a loss. The median loss on apartments was $36,000. Are apartments really worth it? And are they better for living, or an investment? Leonie Freeman from the Property Council joins the Weekend Collective to give her thoughts. LISTEN ABOVESee omnystudio.com/listener for privacy information.

This week, Executive Director of the Property Council of WA, Sandra Brewer, is back in the studio providing an update on the progress in advocating for improved housing policy in Western Australia, Sandra looks back on the positive change that has been made over 2023 as well as the important issues still to be resolved heading into 2024. 

National leader Chris Luxon and deputy Nicola Willis have unveiled their long awaited tax plan- as the clock ticks down to October's election. If elected, National would shift personal income tax brackets for inflation and expand tax credits, and cover it by slashing public service spending and rolling out a 15 percent foreign buyer tax on homes. Enable.Me's Hannah McQueen says the shifted personal income tax brackets would give Kiwi households an extra $100-$250 a fortnight- which would be helpful to New Zealand's middle class. "For some context, if you had a mortgage of $400,000 and you were on a 3 percent rate to a 7 percent rate, your repayments have increased by $450 a fortnight- $250 of that is now going to be offset." National also want to bring back public transport fares for children and scrap the 50 percent discount for under-25's, a policy that Free Fares NZ campaigner Steve Maran disagrees with. "Removing that is a step in the wrong direction. Many low-income families have benefitted from this initiative, which made it easier for all of them to get to school and get to work." The Property Council's Leonie Freeman has also voiced disapproval at National's plan to remove depreciation for non-residential buildings to pay for tax cuts. "They've been flip-flopping on this policy for some time. The commercial property industry is in a pretty challenging time at the moment, there's already pressures like the need to upgrade for seismic strengthening." LISTEN ABOVESee omnystudio.com/listener for privacy information.

Deciphering the broader property landscape across Australia and its true performance potential on the global stage requires a deep understanding of specific goals, processes and stakeholders. And no one else knows that property pulse better than the Property Council of Australia's Chief Executive, Mike Zorbas. In his candid conversation with Phil Rowland, CBRE Pacific's Chief Executive Officer, Zorbas provides his industry-backed insights into the property sector's most pressing issues as well as current and future trends across the residential and commercial sectors and the journey to net zero. The duo also assess Australia's robust investment strengths amid the current economic challenges and address potential solutions to the country's growing housing shortage crisis. Other crucial talking points include an update on CBD revitalisation across the country, creating momentum for more women in leadership, and how the property industry can play its part in supporting reconciliation alongside the upcoming Voice to Parliament decision. 

Property Council chief executive Leonie Freeman joined the Weekend Collective to discuss whether online property valuations are as accurate as the outcomes seen in the auction room. LISTEN ABOVESee omnystudio.com/listener for privacy information.

Hands up who wants Tennant to complete his rewording of ‘We didn't start the fire' for the pod?! Now that you've had the taste of Billy Joel-goes LMSU you didn't know you needed in your lives, your intrepid hosts weigh into the week's developments by zeroing in on the government's release of their electric vehicle strategy. Overhyped? Perhaps, but while there are a lot of familiar things on the menu, there's a new CAFE in town and we don't mean the hipster coffee variety either! That's right, we're looking at the introduction of the first fuel efficiency standards in Australia, with a consultation running until the end of May on the design.This week we dive into the Energy System Transformation section of the just-released IEA country assessment, ‘Australia 2023: Energy Policy Review'. With lots to say about the energy sector's response to climate change, progress on energy efficiency, renewable energy and R&D, this report packs a lot of punch and your intrepid hosts have more than a few hot takes of our own!But wait, there's more: it's a shameless week of self-dealing when it comes to One More Things!Frankie's One More Thing is the launch of Every Building Counts, the Property Council and Green Building Council's joint policy platform for a zero-carbon-ready and resilient built environment. Frankie is a bit chuffed to be launching this report, which also comes hot on the heels of Jim Chalmers' investor roundtable on energy with some significant commitments to energy efficiency ratings for homes. Huzzah!Luke's One More Thing is a new report from the EEC's resident efficiency guru, Rob Murray-Leach, Clean Energy, Clean Demand. A cracking read and roadmap for optimising the role of demand management as the grid gets greener. And because he's a cheeky bugger with a sneaky twofer, he's dared to plug his *gasp* other podcast here! Tragics that we are, we still can't resist a plug for A Very ETI Episode of First Fuel, unpacking the excellent report from Climateworks Centre and Climate KIC just released on pathways to industrial decarbonisation.Tennant's One More Thing is a bastion of integrity with no self-interest in sight. He's flagging a flurry of activity in the US on a series of regulatory ‘sticks' in the form of regulations from the EPA, addressing tightening of vehicle fuel efficiency standards, emissions of power plants and emissions from the gas sector. Quite the contrast from the hurricane of carrots that is the Inflation Reduction Act!  And that's all from us this week Summerupperers! We shall see you next time and until then, please keep tweeting your thoughts to us at @LukeMenzel, @TennantReed and @FrankieMuskovic and if you would like to weave some golden threads through our back catalogue, give us your feelpinions or suggest papers to read we are always here for that - hit us up at mailbag@letmesumup.net.

This week on the show, Leonie Freeman from the Property Council joined The Weekend Collective to weigh in on whether you should go through a real estate agent or not when you're selling a house. LISTEN ABOVESee omnystudio.com/listener for privacy information.

National has launched their latest build-to-rent strategy to address the housing crisis. Housing spokesperson Chris Bishop expects that build-to-rent developments will take the pressure off when it comes to housing Kiwis. Property Council CEO Leonie Freeman explained that build-to-rent refers to large scale housing owned by one owner to provide long-term renting. Leonie Freeman says National's strategy will create greater certainty around overseas investment. LISTEN ABOVE  See omnystudio.com/listener for privacy information.

Senior journalist Claire Tyrrell discusses recent activity in Perth's commercial property sector. Plus the latest on Property Council of Australia WA Division, Schramm and Daniel Estrin.

Mark Pownall and Mark Beyer discuss Rio Tinto's radioactive capsule, Libby Mettam and Shane Love, data from the National Australia Bank and Property Council of Australia WA Division, Westfield Booragoon, and NightOwl Entertainment Group.

The government says the adjustments to the Resource Management Act should mean more projects are able to go ahead without a resource consent, saving millions of dollars.  Property Council chief executive Leonie Freeman spoke to Corin Dann.

Sinasabi ng Property Council of Australia na dalawa lang sa anim na CBD o Central Business District sa bansa ang nakitaan ng pagtaas sa pagbabalik opisina ng mga empleyado nitong Hulyo.

The Property Council of Australia says CBD occupancy rose in only two of the six capital cities that it monitors in July. Melbourne is the lowest, falling 11 percentage points, with a little over a third of all office space being used.

In this bulletin: The Property Council warns against a push for more work-from-home settings [[amid the latest COVID wave]] ... A new deal on Ukrainian grain exports helps deal with global hunger concerns ... And in cycling: Australian Caleb Ewan hoping for a better performance in the final stage of the Tour de France. - У цьому бюлетені:Рада з питань власності застерігає від посилення налаштувань роботи вдома [[на тлі останньої хвилі COVID]] ...Нова угода щодо експорту українського зерна допомагає впоратися з глобальними проблемами голоду...У спорті:Австралієць Калеб Юен сподівається на кращий виступ на фінальному етапі Тур де Франс.