LJ Hooker boss Grant Harrod resigns as listing shelved
The chief executive of LJ Hooker, Grant Harrod, has resigned as the real estate giant shelves plans for a $400 million listing on the Australian Stock Exchange.
The reinstated Turnbull government should appoint a federal Minister for Housing to oversee housing affordability, supply and demand, foreign investment and property taxes, says LJ Hooker CEO, Grant Harrod.
New research shows Labor’s negative gearing policy could have a greater impact on property prices, economic activity and state revenues than previously thought.
If there is a change of Government, it is possible investors will become virtually non-existent until a clear policy framework and timeline for changes to negative gearing and capital gains tax is confirmed.
It is a successive lack of vision and government policy around regionalised employment opportunities, poor infrastructure and development planning delays that has led to this concentration of demand in a small number markets that has led to increases in house prices and questions around...
"This is a tricky time to navigate for agents and property managers across Australia but with professionals like Bryce leading the way, I know the industry is in good hands."
