The Real Estate Think Tank was attended by senior leaders and directors of organisations from the likes of Marshall White, RT Edgar, Stonebridge Property Group, Abercrombys, Whitefox and RPM, who were asked to participate in an open dialogue on the present housing climate.
Hosted by David Payton, CEO Payton Capital, and featuring presentations from Scott Keck, Chairman of Charter Keck Cramer and ANZ Property Economist, Daniel Gradwell, the meeting of property minds saw the rental crisis, housing affordability and housing supply issues addressed.
At the outset of the event, David Payton emphasised the importance of increased collaboration among real estate agents, developers, government, and financers to help alleviate the housing crisis.
Daniel Gradwell shed light on the current market landscape, drawing attention to the lack of focus on renters.
“Renters are often ignored in planning and considerations. Given that one-third of Australians are renters, this is a large part of the community to overlook,” he said.
“Across the country, more than one-third of a household’s income is required to service rent. For the bottom 25% of households in Melbourne, that number is closer to 40%, whilst in Sydney it is closer to 50%, and climbs toward 60% of household income to service their rent in some regional areas,” Gradwell continued.