The newly elected National President of the Property Council of Australia, Stephen Conry, has warned against Labor's proposed changes to negative gearing.
Stephen Conry, JLL’s Chief Executive Officer, Australia has been elected as the new National President of the Property Council of Australia.
Mr Conry is taking the leadership reins from Mirvac Managing Director and CEO Susan Lloyd-Hurwitz, who concluded her two-year term at Wednesday’s Property Council board meeting in Brisbane.
Ms Lloyd-Hurwitz will continue on the Board as Immediate Past President. David Harrison, Managing Director and Group CEO of Charter Hall, and Kylie Rampa, Chief Executive Officer, Property at Lendlease have both been re-elected as National Vice-Presidents.
Mr Conry said he was honoured to take on the role at an important moment for Australia’s biggest industry.
“The property industry literally touches the lives of every Australian,” Mr Conry said.
“It is one of the big engines of the economy. It employs 1.4 million people. And it creates the places where Australians live, work and play."
Speaking about the upcoming election, Mr Conry said all levels of government needed to be absolutely focused on the policy settings that stimulate growth and confidence
“A federal election is just weeks away and whoever wins will rely on this industry to continue to play these important roles.”
“The property industry has tremendous opportunities to help create great places and build strong communities.
“The Property Council must also deliver the flashing warning lights for governments to heed at times when we think decisions won’t help make the country stronger."
“We shouldn’t be risking changes to negative gearing and capital gains tax, especially in a falling residential market, combined with tighter controls on credit and declines in building approvals and construction levels."
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The full Board is as follows:
Stephen Conry CEO, Australia, JLL (National President)
Susan Lloyd-Hurwtiz CEO & Managing Director, Mirvac Group (Immediate Past President)
David Harrison Managing Director and Group CEO, Charter Hall (Vice-President)
Kylie Rampa CEO, Property, Lendlease (Vice-President)
Peter Allen CEO, Scentre Group
Virginia Briggs Partner, Minter Ellison
Jonathan Callaghan CEO, Investa Property Group
Deborah Coakley Executive General Manager, Funds Management, Dexus
Travis Doherty CEO, Village Building Company
Christian Grahame Head of Home, Grocon
Bruce Harper General Manager QLD, AVID Property Group
Carmel Hourigan Global Head of Real Estate, AMP Capital
Bob Johnston CEO, The GPT Group
M-L MacDonald CEO, Masonic Care
Steve Maras Managing Director, Maras Group
Scott Nugent Divisional Development Manager WA, AMP Capital Investors
Carl Schibrowski Head of Development, Brookfield Properties
Mark Steinert CEO and Managing Director, Stockland
Josephine Sukkar AM Principal, Buildcorp
Andrew Whitson Group Executive and CEO Residential Development, Stockland
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