The immutable requirements of politics (get re-elected) and the fluid nature of capital are colliding in Melbourne.
A recently announced policy from the dominant Labor government will cement the right of Victorian workers to work from home
Sparking a fight with employers was merely the first part, but the policy, which will enshrine work from home under state law before next year’s state election, is making waves elsewhere.
The policy is contentious, not just for its impact or for the fact the federal government makes laws about industrial relations, meaning they will likely be challenged in court. (There’s more detail in the article below).
But they’re already being challenged by investors.
At yesterday’s Australia Property Developers Association meeting, Josh Rutman, the executive director, head of capital markets — Victoria of real estate giant JLL (previously Jones Lang LaSalle),…
