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How is the residential real estate market tracking?

May 24, 2020Emma Ryan

New research has shed light on the current state of the residential real estate market, noting the worst is likely behind us as restrictions begin to ease and onsite property inspections open up. ...

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top 10 agents

1

Alexander Phillips

Year of Experience: 20

Support Staff: 3

Residential Properties Sold: 215

Total Value of Residential Properties Sold:

$ 522,477,791

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Have you experienced sexual harassment or bullying in the workplace?

Yes, I've been the victim of sexual harassment (15.8%)
Yes, I've been the victim of workplace bullying (21.1%)
No (63.2%)

Total votes: 19
The voting for this poll has ended on: April 30, 2020
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EVENTS
REBAWARDS Listready
Real Estate Business Awards 2020

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..

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Why we’ll keep delivering for our communities in the face of COVID-19

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As Australia tries to keep pace with a rapidly changing business and social landscape in the wake of COVID-19, Momentum Media is leading the way delivering essential content to our communities, writes Alex Whitlock, director of REB.

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Labor’s neg gearing policy will spawn a new generation of spruikers, cautions industry body

07 May 2019 Tim Neary

Labor’s negative gearing proposal will flood the market with spruikers and endanger the financial lives of thousands of Australians, according to the Property Investment Professionals of Australia.

PIPA chairman Peter Koulizos said the policy would encourage unscrupulous operators into the market looking to take financial advantage of everyday investors.

“When you financially incentivise people to buy a particular product, spruikers are not far behind because they see an opportunity to make a lot of cash very quickly,” he said.

“There is currently no legislation to protect consumers from dodgy operators pretending to be property investment experts.”

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Mr Koulizos said that industry research already shows that Labor’s policy is based on incorrect modelling.

He said the assumptions it makes regarding the number of investors who already buy new property and the revenue it believes it will raise are both inaccurate.

“It will be like the pink batts fiasco all over again, which was another terrible Labor policy,” Mr Koulizos said.

“This time, it is an ill-conceived negative gearing proposal that is being rolled out too quickly and is likely to have financially catastrophic consequences for investors.

“We’re talking about people investing hundreds of thousands of dollars into properties that are likely to be overpriced and inferior in every way possible.”

Mr Koulizos said the $18 million fine imposed on We Buy Houses and its director, Rick Otton, for misleading property buyers and investors last year proved that regulation of property investment advice is needed.

“If Labor’s absurd policy comes in, expect more investors to lose their life savings to corrupt charlatans who have no fear of the consequences because of the lack of regulation in the property investment advice space.”

Mr Koulizos said that PIPA has developed codes of ethics and conduct, which all of its members voluntarily agree to abide with, as well as professional standards of accreditation and education for the property investment industry, including a Qualified Property Investment Adviser (QPIA) accreditation course.

Labor’s neg gearing policy will spawn a new generation of spruikers, cautions industry body
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