Property industry pledges to establish political party

by Julia Corderoy02 Dec 2014
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.”

Australian Broker reported last month that federal leader of the Palmer United Party, Clive Palmer, endorsed finance broker Maria Rigoni to stand for the party in the Victorian Legislative Council’s (VLC) Northern Metropolitan region held at the end of November.



  • by Positivity 2/12/2014 11:11:43 AM

    When standard lobbying isn't enough you gotta take matters into your own hands.

    There's too much gravy at steak.

  • by Halpa 2/12/2014 11:22:09 AM

    Does the property industry really need any help in keeping house prices high?

    I think both the Libs, Lab and Greens have that covered ;)

    This shouldn't really come as a shock to anyone that now there might be macro tools coming to stop people, investors, SMSF, international investors speculating on property in Australia that suddenly 'We need to have a party... because um..... selling real estate is dangerous and might kill someone. Do they really think we're all that stupid?

    Real estate agents shouldn't forget - number one they are SALESMEN. Doing a 2 hour ONLINE TEST to be come accredited in anything holds as much experience, knowledge, respect, morality and dignity as stealing quarters from a wishing well. Imagine if hairdressers formed a party haha they would make bad hair illegal and require everyone see a hairdresser every week. Imagine if real estate agents had a party. House prices must always go up and be protected at all costs. Intergenerational loans and jail time if you cant service your loans. lol.

    That said, there's no one else I would rather have on my side when selling my property than a real estate agent.