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The Property Council of Australia has called for the federal government to maintain focus on economic reform in the wake of an uncertain federal election result.
With the result of the weekend's poll yet to be finalised, the Property Council’s chief executive, Ken Morrison, has urged the federal government to stay focused on advancing Australia’s long-term economic interests.
“Neither party should think this result gives them a ‘three-year leave pass’ from economic reform,” Mr Morrison said.
“Our message to both sides is: learn the lessons from 2010. Make no deals that sacrifice Australia’s long-term economic interests.”
Mr Morrison said Australia needs policies that generate the prosperity and jobs that the country requires.
He noted in particular that three in four Australians live in the country’s cities and thus there is a need for a serious policy agenda to make cities more liveable and housing more affordable.
Mr Morrison also highlighted that the property industry accounts for one ninth of the country’s national GDP and employs over 1.1 million Australians – “more than mining and manufacturing combined”.
“The property industry will work with whatever party forms government and the rest of the Parliament,” Mr Morrison said.
“Our hope is that we end up with a workable Parliament that can deliver the stable government that Australia needs.”
[Related: Property industry welcomes stamp duty concessions]
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