news

Industry calls for govt property commissioner

By Staff Reporter

Several industry organisations have urged the NSW government to appoint a dedicated commissioner for property services.

The Real Estate Institute of NSW (REINSW), the Australian Institute of Conveyancers NSW Divison, the Australian Livestock & Property Agents Association, Estate Agents Co-operative, Owners Corporation Network, The Property Owners’ Association of NSW and Strata Community Australia (NSW) have made a joint submission to NSW Premier Mike Baird expressing the need for a property commissioner.

REINSW president John Cunningham called the property industry the engine room of the state’s economy and the largest single contributor to the government’s revenue, and said it is time to provide it with the focus it deserves.

“Currently the regulation of the professional service providers who serve the property industry is undertaken by largely inexperienced personnel,” he said.

“It is fragmented and lacking the requisite focus from government befitting an industry of this significance.

“We believe the establishment of a commissioner for property services who will work cooperatively with [the] industry will improve consumer confidence and ensure the prosperity of the sector is maximised for the benefit of all stakeholders.”

Mr Cunningham said that while the property industry appreciates the Baird government’s commitment to moving towards higher standards and a more co-operative relationship, it cannot evolve to respond to the expectations of the contemporary property consumer if service providers remain under the broader umbrella of NSW Fair Trading.

Industry calls for govt property commissioner
SPI logo
Thank you.

Your enquiry has been sent to a local Aussie Mortgage Broker.

We will be in contact with you shortly.
Opps.

error occurred.
Unfortunately Aussie cannot attend to your home loan related enquiry at this stage as you must be a citizen or permanent resident.
Do you need help finding the right loan for your investment?
What Aussie do for you:
  • Give expert mortgage advice to help you find great investment loan deals
  • Help you maximise return by lowering financing costs
  • Save you time and effort by helping with the paperwork
First name
Last name
Location
Mobile Number
Are you an Australian Resident?
promoted stories

Top Suburbs

Highest annual price growth - click a suburb below to view full profile data:
1.
BLUE BAY 49.18%
2.
PAMBULA 43.5%
3.
BERKELEY VALE 42.74%
4.
POINT PIPER 40.52%
5.
NORTH TURRAMURRA 38.12%