Diversity in the Property Sector
Property NSW has released a new insight report, Diversity in the Property Sector. The report contains research that highlights the public perception challenge facing the industry, with the majority of NSW residents surveyed still unconvinced about the level of diversity in the property industry, despite a concerted effort to develop and embed diversity programs in recent years. The report supports the wealth of empirical evidence that draws a direct parallel between organisations which embrace diversity and better performance, including a potential uplift to business performance by 80 per cent.
Our report indicates that:
- Progress has been significant, but change is still needed – despite significant investment in diversity programs across the industry, 60 per cent of NSW residents surveyed still believe the property sector has limited to no diversity in its workforce.
- Diversity is good for business – there is strong evidence to show the benefits of a diverse workforce. A total of 75 per cent of NSW residents surveyed believe there would be a greater level of employee engagement and commitment in organisations that encourage and support diversity.
- It’s not just about gender – the report calls for property companies to take a more holistic approach to diversity, including a focus on recruiting from a variety of personal and professional backgrounds, because of the benefits in expanding the talent pool, encouraging diverse and innovative thinking, enhanced productivity and, in many cases, an uplift in customer satisfaction.
Please view our Diversity in the Property Sector Insight Report by clicking on the below image.
Asset Recycling Insight Report
Property NSW released an Insight Report on the role of asset recycling. This report includes compelling research on public attitudes and international case studies of interest. Interestingly, there is limited awareness of the role of asset recycling and this animation provides a simple explanation.
The Asset Recycling Insight Report indicates:
- There is limited awareness of the NSW Government's asset recycling program and its benefits, but once explained, more than 60% of people support it.
- Asset recycling is undertaken by governments around the world, as seen in case studies from Toronto and London.
- There are differences between public and private sector management of large property portfolios.
Please view our Asset Recycling Insight Report by clicking on the below image.