Property Industry – We Are Losing Our Social License To Operate

The Property Council of Australia did something unusual last week. It asked Sir Bob Geldof to provide the closing address at its annual conference.

Why was it unusual? Because Geldof told us “movers and shakers” that we are on the nose with the general public.

“They f …. ing” hate you,” he said. And you can understand why.

Like having enough to eat, secure shelter is a fundamental human need. Yet it is a need we frequently fail to meet. As rising prices push the great Australian dream of home ownership out of reach, more and more Australians are relying on the private rental market that often fails to provide stable and affordable accommodation, especially for those on low incomes.

Yet housing for all, rich or poor, is fundamental to our long-term economic prosperity.

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