Property industry regulation closer: PIPA

The Property Investment Professionals of Australia's (PIPA) chair, Ben Kingsley, has told Property Observer that he expects regulation of the property industry to become far easier under the incoming government.

Having been lobbying the government to look seriously at regulating the property industry and to introduce a national regulatory framework for some time, Kingsley said that this could become more of a possibility under the Liberal party.

“Prior to the election, we were buoyed by the feedback we had received from the Liberal party camp," Kingsley said.

“They understand and acknowledge that consumers remain at risk of being fleeced by unscrupulous operators in the property investment space and we look forward to further dialogue with them once they settle into government," he said.

PIPA director Steve Waters also expressed similar sentiments of encouragement over the current government's thoughts of regulation for property during a Right Property Group investor intensive day course at Melbourne's Convention Centre on the weekend.