Powered by MOMENTUM MEDIA
investor-stories
1 minute read

REINSW pushes government for change

REINSW pushes government for change

by Lyall Russell | January 24, 2020 | 1 minute read

This year will be a big year for real estate in New South Wales, as initiatives REINSW has worked with the government to achieve will come into effect.

Leanne Pilkington
January 24, 2020

In a recent episode of Secrets of the Top 100 podcast, REINSW president Leanne Pilkington touched on some of the work the industry body has achieved.

“We’ve been working really hard with the government over the last few years for the Residential Tenancies Act, for example, that’s coming in March,” Ms Pilkington told host Phil Tarrant.

That achievement alone has taken five years to get to where they are now, she said.

“There’s been something in the order of 60,000 words written in reports from REINSW to the government.

Advertisement
Advertisement

“And so that’s been a really long and hard road.”
Likewise, the training and education reforms to real estate in the state is set to launch on 23 March.

“They went through Parliament back in March of 2018, it’s taken two years for the regulations to be written and that’s ready to launch,” Ms Pilkington said.

“I keep joking with Fair Trading that they can’t change the date because I’m getting a tattoo.”

The journey to get to this position has been long, and it had taken a decade of the REI working with the government to make steps to improve the standards of education and training, she said.

Ms Pilkington reflected that getting the education and training requirements in place was the first piece of the puzzle to move down the path of making real estate a profession.

She touched on how it must be confusing for consumers when it comes to picking an agent because every agent takes credit for being the best in their suburb.

By taking real estate down a professional path, Ms Pilkington hopes it will make it clearer to consumers the professional standards an agent has achieved.

“Not every agent will be a professional or be part of the profession,” she said. “They won’t be able to because they will have to have a certain amount of experience, a certain amount of education. So, there will be a pathway to become a part of the profession, but not everybody will choose to go down that pathway. And that’s for them to decide. But what it will mean is that consumers can make that decision.”

About the author

Emma Ryan

Emma Ryan

Emma Ryan is the deputy head of content at Momentum Media.

Emma has worked for Momentum Media since 2015, and has since been responsible for breaking some of the biggest stories in corporate Australia, including across the legal, mortgages, real estate and wealth industries. In addition, Emma has launched several additional sub-brands and events, driven by a passion to deliver quality and timely content to audiences through multiple platforms.

Email Emma on: [email protected]com.au

REINSW pushes government for change
Leanne Pilkington
spi logo

Subscribe to get the latest news and updates - join a community of over 80,000 property investors.

Check this box to receive podcast updates

From the web

Website Notifications

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