In recent times, the conversation in the public sphere around the Australian property market has been transfixed on the current updraft on uncertainty. This haze has fallen over media commentary, political discussions, and private sector boardrooms.
Charter is looking through the haze; beyond 2050 and into 2100.
The long game is good, and cool heads will prevail through this recent cycle of uncertainty.
- We are on the doorstep of the ASEAN region, and 2/3rds of the global middle class will live in our region by 2030
- 50% of urban growth to 2050 will come from 7 countries, and three are in our region:
- Digital technology and the shift to harness big data is accelerating
- Global construction output by 2030 is expected to grow by 85% to $15.5 trillion and Australia is ranked 7th in the Global Infrastructure Market
All of this underscores the vital relationship between and need for:
- Active capital markets
- Cutting edge technology
- Centralised planning
- Advanced infrastructure
With 26 years of economic growth, Australia’s property market has remained a consistently growing investment target for foreign and local capital.
Our property market is unique, inherently dynamic and constantly evolving. We have a great opportunity to contribute to important structural changes that will help support a growing population and provide for a vibrant future.