Stephen Conry, JLL’s Chief Executive Officer, Australia has been elected as the new National President of the Property Council of Australia.
Mr Conry is taking the leadership reins from Mirvac Managing Director and CEO Susan Lloyd-Hurwitz, who concluded her two-year term at Wednesday’s Property Council board meeting in Brisbane.
Ms Lloyd-Hurwitz will continue on the Board as Immediate Past President. David Harrison, Managing Director and Group CEO of Charter Hall, and Kylie Rampa, Chief Executive Officer, Property at Lendlease have both been re-elected as National Vice-Presidents.
Mr Conry said he was honoured to take on the role at an important moment for Australia’s biggest industry.
“The property industry literally touches the lives of every Australian,” Mr Conry said.
“It is one of the big engines of the economy. It employs 1.4 million people. And it creates the places where Australians live, work and play.
“A federal election is just weeks away and whoever wins will rely on this industry to continue to play these important roles.”
Mr Conry said the Property Council of Australia was one of the largest and best-credentialed property groups in the world and has a critical role in the life of the nation.
“Whether you are talking about the family balance sheet or the investment needs of the nation, this industry is crucial.
“While property moves in cycles – and we are seeing this play out in housing markets now – it’s too important to the economic well-being of individual Australians and the country as a whole to take for granted.
“The Property Council has published a comprehensive agenda for a strong economy, great cities and a good home for all Australians.
“It’s an agenda that is vital for the needs of a fast-growing nation and we look forward to working with whoever forms the next federal government on these issues.
“The property industry has tremendous opportunities to help create great places and build strong communities.
“The Property Council must also deliver the flashing warning lights for governments to heed at times when we think decisions won’t help make the country stronger.
“Property is a pillar of the Australian economy, and sentiment across industry is a valuable guide to how the economy is faring more broadly.
“We shouldn’t be risking changes to negative gearing and capital gains tax, especially in a falling residential market, combined with tighter controls on credit and declines in building approvals and construction levels.
“All levels of government need to be absolutely focused on the policy settings that stimulate growth and confidence,” Mr Conry said.