Jock is the CEO of the Real Estate Institute of Australia.
Before this, he was Manager Policy where his duties include economic analysis, policy development, representation and advocacy.
He has worked as an economist, policy manager and advisor in both the public and private sectors including a number of industry associations.
Local council planning delays add to the cost of a new home through additional land tax, council rates, holding costs and interest on loans accrued during the period.
According to a report just released home ownership is slipping away for many Australians and soon less than half of all adults will own their own home.
The ability of investors to gear and use debt is a crucial part of investing and fostering economic growth.
Property investment advisers or real estate agents who recommend people invest in property via SMSFs, and who do not have an AFS licence, are breaking the law.
Australia’s property industry is emerging as the main driver of economic growth and increased employment in the transition away from a decade-long reliance on mining.
Real estate agents can help their foreign investor clients by advising them of the new rules.
If stamp duties are abolished the forgone revenue will need to be replaced by a higher GST, as advocated by REIA, or by a land tax which was advocated by the Henry Review.
In its pre-budget submission, REIA has urged the Government to abolish conveyance stamp duties and replace them withan efficient source of revenue for states and territories.
Allowing a single company to claim trademark rights to a generic term would unfairly hamper competition, writes Jock Kreitals.