Property Investors Council of Australia established to fight for investors

Property investors will soon have a new organisation lobbying governments, with a group set to launch aiming to protect their interests.

The soon-to-be-formed Property Investors Council of Australia (PICA) describes themselves as a not-for-profit association run “by property investors, for the interests of property investors”. 

It also aims to stop investors from being “singled out”, saying property investors have been blamed as the main cause of unaffordable housing and being subject to potential tax grabs by governments.

With the ambitious aim of a membership base of more than one million members, the organisation was launched at the Sydney Property Buyer Expo on Saturday.

The chair of the group is Empower Wealth chief executive Ben Kingsley who said "the two million-plus property investors in Australia currently don’t have a voice”.

They will also push for the regulation of property advice, something that has also been the goal of the Property Investment Professionals of Australia group, which Mr Kingsley also chairs.