The property industry is a vital part of the Australian economy, making significant contributions to the national economy in terms of output and employment. It produces around 13 per cent of Australia’s GDP and directly employs more than one million people, making it Australia’s biggest employer.
In addition to its direct economic contribution, the property sector also significantly impacts on the efficiency and productivity of other sectors of the economy through its role as a supplier and consumer of goods and services to/from other sectors. Furthermore, the industry creates assets which are important for every households and industries alike and helps shape the cities for the future.
There are many challenges in this industry, including creating a strong and stable housing supply to take the pressure off house prices, streamlining planning rules and processes to reduce cost and delays, managing the balance between foreign investment and affordability, promoting the use of efficient, equitable and transparent taxation arrangements and infrastructure funding and adopting policies to improve the uptake of energy efficiency.
ACIL Allen has advised both industry and government across these issues.
How ACIL Allen can help you
We advise the construction industry and government on innovative policy development for economic, environmental and social sustainability of the industry.
Our areas of expertise include:
- analysis of the impacts of taxation arrangements on the industry and the potential impacts of tax reform
- regulatory impact analysis, including analysis of the impacts of building and construction standards and of energy efficiency requirements
- cost-benefit analysis, including of policy/regulatory proposals and infrastructure projects
- assessment of housing affordability and the cost of living
- affordable housing policy and strategy development
- energy efficiency, including policy development and assessment and the development of policy frameworks to assist policymakers in the design and evaluation of energy efficiency policies
- infrastructure planning and development
- detailed demographic projections for all cities and Australia at large
- short and long term forecasts of construction industry activity
- modelling scenarios for changes in population, water use and energy use.