Page 4 - Mark Steinert News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Save Share Veteran retailer Gerry Harvey is astounded by the “heap of money” the big-spending budget will direct into the economy and retail chains like his. The Harvey Norman chairman, who expects to benefit from new spending on office furniture and technology, said he had “never seen money thrown around like that”. Harvey Norman chairman Gerry Harvey: “$1 trillion in debt (is) not regarded as a big deal any more.”   Janie Barrett “They’ve thrown a heap of money at us,” he said. “Obviously we’re stimulating the economy with these lat...

Outgoing Stockland CEO Mark Steinert says the region has some significant questions it must answer about housing density and options as growth rapidly accelerates. Wrapping up after 8.5 years at the helm, Mr Steinert addressed a packed house at Maroochy RSL last week as part of a Sunshine Coast Business Council event. Mr Steinert told the crowd he expected the work from home trend to amplify pressure on housing affordability and availability in attractive regions like the Sunshine Coast. Currently building a new home in Noosa, Mr Steinert said the Sunshine Coast needed to ask itself wheth...

From HomeBuilder to hangover: where will housing development land? The perfect pandemic storm has resulted in surging demand for housing, and greenfield land developers are riding the wave. However, challenges lie ahead. Share The COVID-19 housing demand, boosted by government stimulus for new housing, by low interest rates, and by changing housing preferences, has been an absolute boon for the nation’s greenfield land developers. The question is whether the surge in demand, which includes a substantial pull-forward of future activity, can outlast the end of the Commonwealth government’s ...

Woolworths, Afterpay and Stockland are still key picks Analysts like the outlook for the grocer, point out rising competition for the buy now, pay later leader and say residential settlements will buoy the property developer. Share Woolworths Industry background: The food and grocery sector has enjoyed record sales growth, buoyed by panic hoarding and pantry stuffing at the peak of COVID-19 followed by elevated demand from people spending more time at home and treating themselves by spending money they would otherwise have spent on travel and eating out. Elevated demand enabled retailers to c...

Lendlease CEO Steve McCann will retire at the end of May after 12 years in the top job and will be succeeded by Tony Lombardo, head of the company’s Asia division.