Advertisement

News

Policy 'wasn't influenced by developers' - construction lobby

The former head of the construction industry's lobby group says he doesn't think government policies...
TodayFM
TodayFM

2:48 PM - 13 May 2015



Policy 'wasn't influen...

News

Policy 'wasn't influenced by developers' - construction lobby

TodayFM
TodayFM

2:48 PM - 13 May 2015



The former head of the construction industry's lobby group says he doesn't think government policies were influenced by political donations.

Liam Kelleher told the Banking Inquiry that if the government's policies favoured developers, it was only because of their pre-budget submissions every year.

His successor Tom Parlon told the inquiry that the group didn't realise the poor levels of scrutiny given by banks to loan applications from developers.

Our political correspondent Gavan Reilly filed this report for Today National Lunchtime News:

 

This afternoon the inquiry has heard from the association representing property auctioneers - which says it's never commissioned a report into the collapse of the property market - because it would be too expensive.

Patrick Davitt from the Institute of Property Auctioneers and Valuers says he believes the collapse was the result of people finding it too easy to borrow money and take out a mortgage.

But he says that's only his personal view - because the institute has never commissioned its own report:



Read more about

News

You might like