Insight August- Property Profits

“The best investment on earth is earth.” Louis Glickman, an American real estate investor, and philanthropist Over the 230 years of European settlement, we have been dividing and conquering and subdividing this great southern land. As the engine room of our built environment, Australia’s construction industry comprises 8% of the GDP, contributing $134.2 billion to the country’s economy. The sector, spanning civil, commercial and residential projects, employing over 1.1 million people. Intrinsically related to the construction industry are the commercial and residential property markets. As of December 2012, the estimated Australian institutional-grade commercial property stock was AU$681 billion in 2012. The size of the core pro...