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24.01.2022 Our friends at the Property Investment Professionals of Australia PIPA are currently surveying Australia’s existing and aspiring property investors to understand investor sentiment. The information gathered will help PIPA and PICA best serve property investors in protecting investors interest and raising awareness of investor concerns, challenges and aspirations. Survey deadline is 9am Monday 24th August.... We appreciated if you could support. Thanks PICA Note: Any personal information will be treated strictest confidence and not shared with any third parties.

24.01.2022 Ben Kingsley, Chair of PICA was interviewed about the results of the largest survey of property investors conducted in a while. It is particularly interesting because it reflects attitudes of investors early on in the COVID crisis. Tune in to Real Estate Talk to find out more! Ben's interview started at the 20:48 minutes mark. https://realestatetalk.com.au/devil-in-the-detail/

22.01.2022 PICA & PIPA Joint Industry Survey Results are in. Investors see opportunities post crisis. https://pica.asn.au/investors-see-opportunities-post-cris/

22.01.2022 Property Investors NSW now is the time to speak up - Please action before Tuesday 12/05/2020 PICA wish to inform you that a campaign lead by the NSW Real Estate Institute has commenced to highlight the potential imbalance between the way Landlords and Tenants are being treated in this state: The REINSW has set up a campaign called ‘Everyone Matters’ to help concerned landlord have a voice in this debate and hopefully to have the legistalation amended to be fairer for all.... In short landlord’s are calling on the Government to review and amend the Regulation to account for the following matters: An obligation imposed on the Tenant to exhaust all avenues of Government assistance prior to seeking a rent reduction. Amend the definition of impacted tenant to include an additional requirement that the Tenant does not have access to unencumbered liquid funds, in all the circumstances, sufficient to pay the rent. It is unjust that a Tenant with enough funds to pay rent is excused from doing so because they have lost their job. Introduce a definition of an impacted landlord and provide protections to that class of Landlord. To do otherwise simply passes the financial stress of the Tenant to the Landlord who is already in financial stress themselves due to the COVID-19 pandemic. Introduce clear guidelines, setting out which documents the Tenant must provide to the Landlord as part of the application for a rental reduction. Introduce a requirement for Tenants to provide evidence of attempts to mitigate the Landlord’s loss caused by a rental reduction. Introduce a standard requirement for Tenants to substantiate a rent reduction request to allow Landlords to make a properly informed and fair decision. Introduce a requirement and make it clear that a Tenant must continue to satisfy the criteria of an impacted tenant not just at the beginning when they request a rental reduction, as appears to be the popular interpretation. These measure will help ensure that those tenants who can pay their way under the contract they agreed to, do and those that can’t get the appropriate support to help them through this difficult period. PICA strongly supports this initiative and we encourage you to act by sending a letter to the Premier of NSW, following the instructions on the website below: http://reinsw.com.au/everyonematters We had great success in reducing the burden on landlord with the Queensland campaign and with your support, we can also provide a strong voice to this NSW campaign too. There is not much time so we need you to action this right now, as parliament is set to sit next Tuesday. If we don’t get our voices heard then, those who own property in NSW can potentially expect to be financially disadvantaged as a consequence. Now is the time to speak up before Parliament sits on Tuesday, 12 May 2020. Take action now! Ben Kingsley PICA Chair https://www.reinsw.com.au/everyonematters

22.01.2022 Hello everyone, Sharing my thoughts on the short term property market outlook. Cheers Ben... https://www.linkedin.com//talking-up-property-subject-ma/

21.01.2022 https://www.facebook.com//picam/permalink/589060125310848/

19.01.2022 A central point where you can find information and support on the COVID-19 changes affecting renting in Queensland. https://www.covid19.qld.gov.au/the-hub

18.01.2022 QLD GOVT UPDATE: URGENT HELP NEEDED from Ben Kingsley PICA Chair In response to the COVID-19 virus, the Queensland Government announced last Thursday 9th April its "Renter Protection Package", which PICA has a real issue with regarding the impact to property investors. As a PICA member, whether you do or don’t currently own property in Queensland we need your help....Continue reading

17.01.2022 WA announces rental relief package; https://www.realestate.com.au//wa-announces-rental-relie/

13.01.2022 REMINDER: Foreign surcharges and discretionary trusts NSW Property Acquired Through a Discretionary Trust. To anyone that has property in NSW that has been acquired directly or indirectly by or held through a discretionary trust - you need to act now to avoid automatic surcharges on purchaser duty and land tax.... The NSW Budget introduced a surcharge land tax to be paid by foreign persons who own residential land in NSW. It is important to note that a trustee of a discretionary trust is foreign if the terms of the trust do not prevent a foreign person from being a beneficiary of the trust. This means the current rules treat trustees of discretionary trusts as foreign persons unless the trust deed irrevocably excludes foreign persons as potential beneficiaries. These rules operate even if there are no actual foreign persons who are beneficiaries of the trust. Therefore, the trustee of such a discretionary trust will be liable for a surcharge land tax. 'If any of your unit holders are discretionary trusts that hold a substantial interest, or together with an associate hold an aggregrate substantial interest, you may be liable for land tax surcharge if you own residential land. To avoid this the trust deeds of any unit holders that are discretionary trusts must irrevocably exclude current, or future foreign beneficiaries from receiving trust distribution.' NSW Government Revenue website. Need to act now: Trustees of discretionary trusts acquiring or holding land must act now by amending their trust deeds to ensure no surcharges are levied. Transitional provisions allowing amendments to be made to exclude foreign beneficiaries must be executed by midnight 31 December 2020. Refer to details on Revenue NSW website https://www.revenue.nsw.gov.au//resources-lib/cpn/cpn004v2 and/or contact your professional team for advice.

13.01.2022 Covid-19 Property Survey Questionnaire In conjunction with the Property Investment Professionals of Australia (PIPA), we have launched a short property survey to help us gauge the impact and sentiment around the COVID-19 virus pandemic. We are very interested in your views, experiences and plans around property at this time, and that’s why we are asking you to take two minutes right now to complete the survey.... We all know there are a lot of mixed views and theories as to where the property marketing is heading in the near term. Your contribution will help us better understand the overall sentiment in the market, which is why it’s so important that as many PICA members as possible complete the survey. The survey link is: https://www.surveymonkey.com/r/PIPAPICA Importantly, the survey results are anonymous, so your privacy is completely protected. We also ask that if you know anyone who might be interested in completing the survey, to forward this email onto them with our consent. We plan to share the survey results with our PICA members in a little over two weeks from now, once the survey is closed off and the results are compiled. Thank you for your support and participation in this survey. Warmest Regards, PICA National Board