The property industry has pledged to establish a political party if the government doesn’t act to ensure standards in the industry are lifted.
Real Estate Institute of New South Wales president Malcolm Gunning said the desire to establish a political party to ensure that the profession has a strong voice in parliament was one of the major outcomes of the 2014 REINSW Industry Summit, held last week.
There was a big focus on the need to lift standards in the property industry, according to Gunning.
A proposal to improve education and on-going training was put forward to the NSW Fair Trading Minister Matthew Mason-Cox in November, but if the government isn’t prepared to act then the industry will take matters into their own hands.
“Real estate's place and importance for NSW should not be played down or underestimated. Our profession is critical to the economy and it is time for this to be recognised,” Gunning said.
“We must ensure standards are lifted and if this cannot be done through our elected representatives we will create our own political force.”
Can you afford to buy in this suburb? Find out how much you can borrow
Top Suburbs :
east victoria park
Get help financing your investment
Do you need help finding the right loan for your investment?
When investing in property, it is important to make sure that you not only have the lowest available rate that you can get, but also have the correct loan features for your needs.
Just fill in a few details below and we'll then arrange for a local expert Aussie Mortgage Broker to contact you and work out what features or types of loans are right for your needs. We'll even help with the paperwork. Plus, our mortgage broking service is at no cost to you.
We value your privacy and treat all your information seriously - you can check out