Show Notes
In this episode of Talking Property, we delve into the Mandala Report, a pivotal study examining the impact of taxation on global investment into the Australian property market.
Joined by Torie Brown, Capital Markets Executive Director at the Property Council of Australia, and Pete Menegazzo, CEO and President of the Property Council's Capital Markets Divisional Council, the discussion highlights the significant effects of foreign investor surcharges in Victoria and Queensland.
Key takeaways include:
Foreign investment in Melbourne fell 53% after Victoria doubled its surcharge. Queensland’s investment has flatlined despite strong fundamentals. Frequent tax changes create sovereign risk, eroding investor confidence and liquidity. Removing surcharges could unlock $8.1B in new investment, $3.6B GDP growth, and 8,400 jobs nationally. Brisbane could become Australia’s second property gateway market if it reforms taxes before Victoria.
Tune in to understand the broader implications for Australia's property sector and the role of international capital in shaping the nation's economic future.
You can read more about the Mandala report here (this is available only to Property Council of Australia members until November 25 and will then be available to everyone).
More from Talking Property with CBRE
As rates reshape markets, resilient demand and constrained supply continue to support Australia's commercial property outlook.
Australia's senior living sector is attracting growing investor attention as demographic trends, housing supply pressures and increased institutional capital reshape the market.
Recent changes to negative gearing and capital gains tax have prompted many Australian property investors to reassess how they build and protect wealth. But are investors turning away from residential property altogether, or simply broadening their horizons?
As younger generations redefine success, purpose and growth at work, are organisations evolving quickly enough to keep pace?
Australia's office market is evolving rapidly, driven by strong demand for premium workplaces, constrained future supply and changing occupier expectations.