The AICC Qld welcomed 96 senior executives at a business lunch on Thursday 21 November 2013 where they presented "Property 2013 - a panel of experts dissect the industry". Guest speakers included Paul Bidwell, Deputy Executive Director, Master Builders; David Whitting, General Manager Qld, Grocon; Rayuha Sinnathamby, Managing Director, Springfield Land Corporation and the event was moderated by Lynda Woods, Private Client Investment Adviser from RBS Morgans. The event was proudly sponsored by KBH Solutions.
After three years of an ailing property market and an uncertain future for the property industry in Queensland, recent trends show that Brisbane house prices are starting to see its first increases, and along with an improvement in house buying affordability, economists advise these signs are indicative of market recovery. There has also been talk of the possibility of an astonishing turnaround for the industry in the near future.
On the other hand, commercial property has not yet seen the same market relief. Economists spell a major downturn in the commercial construction industry as high vacancy rates, due to a range of tough economic factors, mean office and retail supply is already outstripping demand in Brisbane’s struggling commercial real estate market.
Our four prominent industry experts, included:
David Whitting, General Manager QLD, Grocon
David joined Grocon in 2012 as General Manager Queensland where he is responsible for project origination and developing and delivering the Queensland Portfolio.
Prior to joining Grocon, David spent three years with Lang O’Rourke delivering the mixed use M & A development consisting of 20,000m² commercial 234 apartments and 3000m² of retail in Fortitude Valley.
Prior to joining Lang O’Rourke, David spent six years with Brookfield Multiplex where he was a Director of the Development Division for 4 years. His time at Multiplex covered Multiplex's transition from strong private developer / builder to publicly listed stapled Trust and Company and then to its acquisition and semi - privatisation into the business of the giant $100bn Brookfield Asset Management.
David’s experience covers involvement in many of Brisbane’s signature projects including Portside Wharf Hamilton, the Regent acquisition, and M & A Fortitude Valley.
David is active in the Property Council of Australia having been a Chair of the Queensland CCRE (Commercial & Corporate RE) committee for the last 2 years.
Paul Bidwell, Vice Executive Director, Master Builders
Paul joined Master Builders in July 2009 with significant private and public sector experience in policy planning and analysis. He was initially appointed as the Director – Housing Policy and became Deputy Executive Director on 1 July 2013.
Paul previously worked with the Chamber of Commerce and Industry Queensland, Herron Todd White Property Valuers and AgForce Queensland. He is a qualified valuer with tertiary qualifications in urban and regional planning, and business administration.
Raynuha Sinnathamby, Managing Director, Springfield Land Corporation
Raynuha Sinnathamby works across the Springfield Land Corporation’s various business units to develop strategy and manage the various business initiatives. Raynuha joined Springfield Land Corporation as Director (Corporate) in 1998 and has worked on the group’s major projects.
Raynuha has been involved in many facets of the Groups projects, from strategic management, corporate, tax and legal work, through to commercial negotiations, leasing and marketing.
A solicitor by vocation, Raynuha obtained her Bachelor of Arts, Bachelor of Laws and MBA at the University of Queensland
And moderated by Lynda Woods, Private Client Investment Adviser, RBS Morgans
Lynda Woods has a career that spans ten years in tourism, ten in government and over ten in finance, covering more than 25 years’ experience in management and business analysis positions.
She is currently Chairman of two boards, former member of the Business Advisory Committee for the Commonwealth Games Bid for 2018 and board member for Life Saving Chaplaincy Australia. In her spare time she is Chairman to the Federal Member for Moncrieff, Judge Surf Life Saving QLD, and volunteer MC for not-for-profit organisations nationally including ATHOC, Institute of Business Leaders, and local Gold Coast Charities including TSS and Rotary.
Lynda holds a graduate certificate in case management - majoring in economics and politics - diplomas in business and financial planning, and numerous tourism/boating qualifications and awards. Gold Coast residents would know Lynda from reporting the finance segment on ABC Radio week day mornings on Coast FM (91.7).