Newspaper article The Observer (Gladstone, Australia)

Property Council Advocates for Investment

Newspaper article The Observer (Gladstone, Australia)

Property Council Advocates for Investment

Article excerpt

A NEW ACIL Allen Consulting report, commissioned by the Property Council of Australia, has highlighted the strong and substantive benefits to the economy of foreign investment in commercial and residential real estate.

The report is in response to ongoing union and political campaigns against foreign investment.

"We cannot let the myths about foreign investment continue to go unanswered. Foreign investment in commercial and residential real estate is a vital part of the Australian economy. Too many political leaders are now too frightened to defend what is an essential part of the Australian economic DNA and this is dangerous," Property Council chief executive Ken Morrison said.

"This report answers the myths around foreign investment in real estate. Foreign investment in real estate underpins growth, keeps people in jobs and contributes to our national income.

"Foreign investment in real estate gets new projects off the ground, increases housing and office stock, boosts our national capacity and increases tax collections to all levels of government. …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.