Ep#26: Tarun Gupta (Part B) – Not a housing shortage but an affordability problem; land lease; office, retail, industrial; the four pillars of sustainability; the hexagon of happiness

Following on from a very popular and insightful Part A, in Part B of the discussion we focus on the outlook for residential markets and discuss Australia’s housing shortage. Yes, that is an issue but the more pressing concern is housing affordability. We talk government policy and get Tarun’s view on potential policy changes at both the state and federal level. Tarun gives his view on other asset classes such as retail, office and industrial. It sounds like he is quite pleased that Stockland made some early tough decisions on its retail portfolio and that it finds itself with limited office exposure. We get a sneak preview of some of the key elements of Stockland’s refreshed sustainability strategy and get a better understanding of Tarun’s focus on Return on Invested Capital (ROIC). We close on Tarun’s hexagon of happiness – a concept we all should be thinking about.

0.15 What is “land lease” and how does it work?

3.31 The scope and scale of the land lease business and how it can grow for Stockland

4.50 Tarun’s first big move and why Stockland has high conviction in the asset class

8.18 Australia’s housing shortage – how to address the housing supply issue

11.20 Currently the biggest issue is not a supply problem, but an affordability problem

13.30 Possible Government policy change – demand and supply side measures

17.30 How tough are office markets?

19.25 The main differences between the US office markets and Australia’s office markets

21.00 Retail – mixed outlook; sub sector specific

22.30 The four pillars of Stockland’s Sustainability Strategy – Decarbonisation, circularity, social impact and resilience

26.45 A Good Investing Podcast scoop? No, not really.

28.10 Focus on Return on Invested Capital (ROIC)…. A shift away from just Funds From Operations growth (FFO)

32.30 What Tarun is reading at the moment; how Tarun deals with stress and his hexagon of happiness; attributes of a good leader

See omnystudio.com/listener for privacy information.