Ken is Chief Executive of the Property Council of Australia, the national representative of the property industry.
The Minister for Urban Infrastructure has released a discussion paper, and has warned against using 'value sharing' as a ruse for tax increases.
“This bill is a vital economic reform for Australia,” says Ken Morrison, Chief Executive of the Property Council.
The Treasurer has highlighted the value of foreign investment to growing the Australian economy.
It's a tax policy, not a housing affordability policy.
A bill was introduced into Parliament this week to restore the Australian Building Construction Commission.
The need to re-establish the Australian Building and Construction Commission is very real and we urge the government to find a legislative pathway to deliver this important reform.
Changing negative gearing is a risk during a time when our economy is in transition.
Sir Keith Campbell, Robert Hamilton and Carol Schwartz were chosen by the board for providing sustained and visionary leadership, making pioneering contributions to the property industry and leaving outstanding legacies to the Australian community.
We accept that the Reserve Bank were not modelling the Federal Opposition’s policy – but this memo clearly flags that changing negative gearing would impact rents.
Property industry is neither going through boom nor bust – instead, it is steadily meeting the continued strong demand for housing in Australia.