Property Investors Council of Australia (PICA)

A great turnout to our Victorian PICA information night last night. For $5 a year or $20 for 5 years, every property investor in Australia should be part of PICA to ensure our voices are heard amongst policy makers. Find out more here: https://lnkd.in/gyRFVZUi Thank you to Ben Kingsley m, Tim Graham, Ritesh Tandon MBA, Mokhles Barazi, Ben Nobelius & The Newbay Hotel Brighton for a terrific event.

Last chance to grab your free tickets to next weeks PICA information night in Melbourne. Join Tim Graham & Ben Kingsley for an important gathering of property investors and networking opportunities next Wednesday 13th November at 7pm at the NewBay Hotel Brighton. Limited free tickets remain https://lnkd.in/gzzk9sUX

The evidence continues to mount. Less Supply + Higher Taxes + Higher Holding Costs = Higher Rents under @VictorianLabor, and it looks like things are going to keep getting much, much worse under these current policy settings. https://bit.ly/3ADoeej Some political parties talk about wanting more supply & more affordable housing, but their policies result in the opposite. They have a tin-ear when it comes to listening to industry and the millions of property investors who invest tens of billions of dollars to increase supply & run their small business private rental accommodation businesses. Well-meaning they might be, but they are demonstrating they are clueless when it comes to incentivising investment. Let them hear your voice, by completing the Property Investment Sentiment Survey https://lnkd.in/gudfcSTd

Attention NSW Property Investors - 2 important and urgent actions for you to take regarding new legislation being proposed in relation to No Grounds Evictions. You can learn more here - https://lnkd.in/gdXrRGju 1> Complete the NSW Government Survey - https://lnkd.in/gumV7WpN 2> Complete PICA 3min Survey so we can learn more about what would constitute reasonable grounds for eviction. https://lnkd.in/gQ3HUvHH

Can you help? Doing research into the types of rental cohorts that exist in the Australian Market, under three titles - Not by choice, by choice or In Transit/Transient List in the comments if you think we have missed any cohorts of types of renters? Also happy to have your option as to what percentage you think is in each of the three groups

The Victorian Government in the past 10 years have introduced 53 new taxes, 27 of which have a direct impact on the housing market. The housing market in Victoria is struggling under this weight of countless anti market supply and anti small business private rental accommodation providers. The net result is Victoria, is now loosing more rental property than it's currently gaining. In fact it's lost over 11,700 net rental properties in the last calendar year, as many investors sell up and invest their tens of billions of dollars in other states and territories, because of increased regulation and taxes, driving costs higher.. This is a serious problem for Victoria, for Owners, Investors and Renter of property in Victoria. This madness needs to stop, so more houses can be built to accommodate current and future population demands. (And by the sounds of it - attract businesses back to Victoria as well). #VIChousingcrisis