Federal parliament should urgently pass legislation designed to protect Australia from a sudden withdrawal of credit by foreign banks, according to the Urban Taskforce.
The banks need to take responsibility for the grim home approval figures released today, according to Aaron Gadiel, chief executive of the Urban Taskforce.
The Federal Governments decision to ease restrictions on foreign investment delivers welcome flexibility to developers at a difficult time, according to the Urban Taskforce.
Property developers today welcomed the co-ordinated action from the Federal Government and the Reserve Bank to try and avoid an Australia-wide recession.