Date Time
Post-lockdown CBD activation challenge as Fri-YAY becomes Fri-NAY
The Property Council of Australia’s latest office occupancy survey has highlighted the vast fluctuation in workers entering the CBD across the working week, underscoring a need for increased efforts to reactivate CBDs across the state in a post-lockdown recovery.
Acting NSW Executive Director of the Property Council of Australia Lauren Conceicao today highlighted the positive trajectory that Sydney had been on this year, with an increase in occupancy (compared to pre-COVID levels) from 54 percent in January to 68 percent in May.
“The increased confidence in the safety of our offices, the slow but steady confidence in public transport, and the human desire to reengage with our peers for both collaboration and social connection has driven the steady growth,” said Ms Conceicao.
Rollercoaster work week for CBDs revealed
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Appointments - National Housing Finance and Investment Corporation - Australian Housing and Urban Research Institute
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SA spends big on infrastructure and land tax reform
By Maja Garaca Djurdjevic
23 June 2021
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1 minute read
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South Australia has rolled out its own state budget, promising “the most comprehensive land tax reform” in the state’s history and a massive $17.9 billion infrastructure spend as it looks to turn Adelaide into the nation’s “most attractive” place to invest.
Promising to back the state’s economic growth strategy while “rejecting” the alternative approach adopted by the Victorian government, South Australia has pledged to discount land tax by 50 per cent for eligible new build to rent housing projects.
Moreover, the state’s Treasurer, Rob Lucas, has promised a $10.7 million injection in land tax relief in 2021-22 through the land tax transition for those taxpayers negatively impacted by changes to land tax aggregation rules.
Victoria COVID: Mask rules to deter workers despite lifting of office cap to 75 per cent of capacity, business says
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