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Thomas Keel
Associate Lecturer at Deakin University (Property and Real Estate)
Thomas Keel is an Associate Lecturer and Unit Chair in the Department of Finance at Deakin University. His academic focus includes areas such as sustainable development, advanced property development, and valuation, reflecting a strong commitment to fostering sustainable and livable urban environments. Keel is involved in teaching across multiple disciplines within the university, contributing to both undergraduate and postgraduate programs.123
In addition to his teaching responsibilities, Keel is noted for applying theoretical concepts to practical scenarios in urban development, which enhances the learning experience for his students. His profile suggests an active engagement with current industry practices and research in finance and property.2
Highlights
Why Australian housing can never be affordable. This post wasn't fun to write and won't be much fun (for many) to read, but it's something that helps awareness. There is much discussion on housing (un)affordability, though due to word-limits or sound bites the full picture is rarely seen/heard. Just 1 or 2 of the underlying issues are mentioned each time, though there are over 30 to consider. Change can only come if all issues are acknowledged and brought into the discussions. For any product (or service), including housing, to have a monetary value, there needs be ‘Utility, Desire, Scarcity, and Effective Purchasing Power’. These are the ‘4 Factors of Value’ and are the fundamentals of Supply & Demand. Property trades in an open property market (where wages are currently stagnant) and as these 4 value factors are all abundantly present within property (a 'product') we can see why housing in Australian capital cities can never be affordable. The image below shows why house prices remain so high. (I predict a riot...) #housing #property #deakinbusinessschool
With around 1'000 tennis-club houses in Australia, there's opportunity for nation-wide positive change; to both improve the broader sustainability of clubs/club houses and to lower their carbon footprint. It was a pleasure to meet with Tennis Australia for their educational video on environmental sustainability and outline the setting of goals and strategies that club committees and players can effectively adopt. A carbon foot-print is the foot-fault we should all try to avoid! The Video is available on the Tennis Australia website. #sustainability
