“The best investment on earth is earth.” Louis Glickman, an American real estate investor, and philanthropist Over the 230 years of European settlement, we have been dividing and conquering and subdividing this great southern land. As the engine room of our built environment, Australia’s construction industry comprises 8% of the GDP, contributing $134.2 billion to the country’s economy. The sector, spanning civil, commercial and residential projects, employing over 1.1 million people. Intrinsically related to the construction industry are the commercial and residential property markets. As of December 2012, the estimated Australian institutional-grade commercial property stock was AU$681 billion in 2012. The size of the core property investment market (office, retail and industrial) is AU$280 billion of which approximately AU$195 billion (70%) is owned by Australian Institutions. At its 2017 peak, Australia’s housing market was valued at $6.9 trillion (ABS 2018). Australians reportedly spend twice as much time researching property than exercising at the gym (1.08 hours) or speaking to their parents (0.88 hours). This month Insight looks at property from the lens of residential, commercial and construction sectors.
- Ivan Bresic started a real estate internship at age 17 and in 2003 partnered with Shannan Whitney to form Bresic Whitney from a two-man band to a team of around 100 staff within 4 offices located in Darlinghurst, Glebe, Balmain & Hunters Hill.
- Josephine Sukkar AM is Principal and Co-Owner of Buildcorp which employs over 300 staff and has revenue of $500 million. She Chairs Buildcorp’s charitable entity the Buildcorp Foundation and is President of Australian Women’s Rugby.
- Barrie Barton is the founder of Right Angle Studio, a company on a mission to understand and improve life in our cities. Their placemaking prowess is sought by commercial property developers and institutional landlords to create commercially and culturally successful urban environments.
When: Tuesday 27th August, 5.30pm drinks ahead of a 6-7pm panel discussion
Where: Golden Age Bar and Cinema, 80 Commonwealth Street, Surry Hills
About Insight by The Office Space Now in its fifth year of production, Insight by The Office Space is a business talk series that brings together innovative entrepreneurs and business leaders to explore burgeoning topics and reveal the secrets of their success under a monthly theme. Traversing all aspects of business across the fields of design, film, innovation, technology, finance and marketing, the sell-out program has featured speakers such as actor, Susie Porter; dual Archibald-winning artist, Del Kathryn Barton: Qantas industrial designer, David Caon; producer, Jan Chapman; graphic designer, Vince Frost and City of Sydney Counsellor, Jess Scully. Insight continues to push the boundaries by asking the pertinent questions that impact all business decision-makers, be they from small, medium or even the larger organisations, as we face continuous change and new challenges Each month a new Insight theme is explored, delivered and debated. Our 2019 program is as follows:
- February 26th – The Future Workplace
- March 29th – Women in Business: Female Founders
- April 30th – Truth in an Uncertain Age
- May 28th – The War for Talent
- June 25th – The Film Business
- July 30th – 21st Century Travel
- August 27th – Property Profits
- September 24th – Architecture and Interiors
- October 29th – Philanthropic Topic
- November 26th – Innovation Nation
All sessions start with drinks and light canapes in the Golden Age Bar from 5:30pm with the panel interview 6-7pm. Tickets are $25 + GST per person and include a welcome drink. Insight proudly supports the Sydney Community Foundation (SCF) with full proceeds from ticket sales going directly to the SCF Business Incubator for disadvantaged women. In 2018, the Foundation’s influential “Conversations or Change” event series merges with the popular Insight event program to give greater voice to contemporary issues relevant to all of us who live local in Sydney and beyond.
About Sydney Community Foundation. Sydney Community Foundation, established in 2004, is Sydney’s only independent Community Foundation, granting to grassroots organisations who design and run projects that meet the needs of Greater Sydney local communities. For over a decade, Sydney Community Foundation has been the small grant specialist, supporting grassroots charities and services across Sydney. During this time the Foundation has overseen the distribution of $5 million in grants for impact, ranging between $5,000 to $100,000 to projects that create belonging; education and employment pathways; build safety and independence; and transform place.