The housing risk that could spark recession
Taxes, higher interest rates and rising construction cost pressures caused by competing infrastructure projects pose the biggest risk to Australia's housing market and economic performance say four chief executives who control more than 10 per cent of new housing.
Lendlease's chief executive for property Kylie Rampa, Mirvac chief executive Susan Lloyd-Hurwitz, Stockland chief executive Mark Steinert and Frasers chief executive Rod Fehring all raised concerns at the Property Council of Australia Congress about the future of country's housing supply and its importance to the health of the economy.
Read the full article on the Australian Financial Review.
