John Cunningham is President of the Real Estate Institute of New South Wales. John commenced his career in real estate in 1977 with a very simple philosophy—to establish business relationships built on trust. He opened Cunninghams Property in 1991 with his wife, Ann, in Sydney.
The NSW government should provide first homebuyers with a 50 per cent reduction in the stamp duty on a purchase of a residential property less than $1 million and provide the ability to pay the stamp duty over time.
Inadequate real estate agent training needs to be addressed to achieve better consumer experiences and outcomes. Both the NSW Government and NSW Fair Trading must act on our recommendations for reform.
Rises in Middle Sydney and falls in Outer Sydney balanced out to see the vacancy rates for Sydney steady overall.
It is great to see that amendments have been made to allow these regulations the ability to be successfully implemented and help make our backyards safer.
We believe the establishment of a Commissioner for Property Services who will work cooperatively with industry will improve consumer confidence and ensure the prosperity of the sector is maximised for the benefit of all stakeholders.
It is foolish to think that only allowing negative gearing on new dwellings will fix anything as new dwellings are always going to be more expensive than existing properties.
The complete education, which involves both classroom and on the job training, particularly in a service industry such as real estate is not so much desirable, but essential.
Our chance to debate the pertinent issues that are facing the profession and industry. We are seeing a transformation through advances in technology and digital disruption.