The $6 trillion time bomb hanging over the housing crisis
Surging construction costs and house values have priced too many younger buyers out of the market. And demographics mean time for action is running out.
In Australia, property is personal. Ask Lendlease chief executive Tony Lombardo.
In an extraordinary moment at The Australian Financial Review Property Summit in Sydney on Monday, Lombardo revealed how he’s personally coped with the pressures of steering the property giant through arguably the biggest crisis in its history.
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James Thomson is senior Chanticleer columnist based in Melbourne. He was the Companies editor and editor of BRW Magazine. Connect with James on Twitter. Email James at j.thomson@afr.com
