Malcolm is the president of the Real Estate Institute of Australia, as well as the principal of Gunning Commercial, which has offices in Hurstville and Surry Hills in Sydney. He was previously president of the Real Estate Institute of NSW
We believe local investors are now moving away from residential properties and are seeking suburban commercial and retail investments which have good returns with development upside, resulting from the Baird Government’s changes to zoning for many of the established suburban retail strips.
If the government does not participate in the controls and oversight of the profession then the potential for detriment exists.
Strata law reform is essential due to the growing popularity of apartment living.
The current legislation is allowing developers to take advantage of a fast moving property market that has exceeded expectations in recent times.
REINSW suggests the federal government promotes the new legislation and its ramifications through local foreign language newspapers and major overseas newspapers as the best way of ensuring the message gets out there.
We are currently experiencing an exciting and challenging time for our industry and celebrating our best and brightest as well as our current and future leaders is very satisfying.
Sydney residential vacancy rates remain positive with supply starting to meet demand.
The creation of 20,000 additional jobs and 15,000 new homes over the next 21 years is a win for everyone.
We have seen significant growth in Sydney at the lower end of the scale which has in turn driven the median house price above $1 million.
Fair Trading’s persistence with the same old tired strategies do not serve the consumer or the property industry.