Breaking news and updates daily. Subscribe to our Newsletter!

Home of the REB Top 100 Agents
Breaking news and updates daily. Subscribe to our newsletter

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

Latest


Must Read


PM Tech Startup Growth Sales Marketing Industry Buyers Agent

Startup


Buyers Agent


Our Events


Real Estate Business Awards 2021

The REB Awards is the benchmark of success in the Australian real estate industry. It reflects not only the business astuteness of the country’s leading real estate operators and networks..

LEARN MORE
VIEW ALL
top 10 agents

Alexander Phillips

Top 1

Year of Experience: 21

Support Staff: 3

Residential Property Listings Secured: 241

Total Value of Residential Properties Sold: $ 706,737,500

VIEW COMPLETE REPORT
1/10
Do you have an industry update?

top suburbs

12 month growth
Manyana
70.61%
Tamarama
70.55%
Box Hill
64.95%
Goodwood
64.38%
Bawley Point
63.64%
Lennox Head
62.11%
Casuarina
62.08%
Queenstown
61.31%
Warana
60%
Cooroibah
59.43%
SEE AREA REPORTS ON SMART PROPERTY INVESTMENT WEBSITE
Subscribe to Newsletter

Ensure you never miss an issue of the Real Estate Business Bulletin.
Enter your email to receive the latest real estate advice and tools to help you sell.

rpm logo latest

REINSW threatens to run for parliament

By Nick Bendel
03 December 2014 | 1 minute read

The NSW peak real estate body has chosen a candidate to run for parliament and fight for change.

Real Estate Institute of NSW president Malcolm Gunning said that members would form a new party if the government failed to address their concerns around industry training.

Mr Gunning told Residential Property Manager's sister publication Real Estate Business that members were frustrated by how successive governments had lowered the educational standards required by prospective new agents.

Advertisement
Advertisement

He said the state's Fair Trading office seem more interested in policing and fining agents than improving the industry.

“To be able to let someone loose on the public with about three or four days' training to sell a significant asset is ridiculous,” he said.

While it may be too soon to run in the next state election, due in 2015, Mr Gunning said that the party would target the following election, aiming for an Upper House seat.

Mr Gunning said that while he cannot reveal the name of the prospective candidate, the person in question is "well credentialed, quite prominent, and not in direct agency practice".

With a working title of the "Property Party", he said members would also campaign on broader property issues, such as taxes.

“The NSW government had a $1 billion windfall in the last budget from property taxes above what they budgeted for,” he said.

“The price of property has gone up, but the thresholds for stamp duty haven’t, so more and more people are falling into the higher bracket.”

Mr Gunning said a tilt for parliament was realistic, given that about 70 per cent of Australians either own a property or have some direct connection with property.

He also told Real Estate Business that the industry would benefit from having its own person on the inside rather than seeing its influence diluted between several associations.

“If there was someone in government who spoke up about property matters that they thought were unreasonable, you’d get traction and would be far more likely to get change than if you were a lobbyist.”

REINSW threatens to run for parliament
Government
lawyersweekly logo

ABOUT THE AUTHOR


Listen to other installment of the Real Estate Business Podcast
top 10 agents

Alexander Phillips

Top 1

Year of Experience: 21

Support Staff: 3

Residential Property Listings Secured: 241

Total Value of Residential Properties Sold: $ 706,737,500

VIEW COMPLETE REPORT
1/10
Do you have an industry update?

top suburbs

12 month growth
Manyana
70.61%
Tamarama
70.55%
Box Hill
64.95%
Goodwood
64.38%
Bawley Point
63.64%
Lennox Head
62.11%
Casuarina
62.08%
Queenstown
61.31%
Warana
60%
Cooroibah
59.43%
SEE AREA REPORTS ON SMART PROPERTY INVESTMENT WEBSITE
Subscribe to Newsletter

Ensure you never miss an issue of the Real Estate Business Bulletin.
Enter your email to receive the latest real estate advice and tools to help you sell.