Property Investors Council of Australia

In September of 2017, PICA was established to give property investors a voice to Governments and the regulators. It's a not-for-profit association run by fellow property investors for the interests and benefits of property investors.

Currently property investors are getting a rough deal in new legislation changes sweeping the country in terms of Tenancy reforms. This is possible because there is no one representing the property investor, only groups representing the tenants. PICA will be representing property investors in each state moving forward.

At the federal level, proposed changes to negative gearing and capital gains tax by the Labor government will have serious and far reaching implication to all property owners if these proposed changes make it into law.

What about lending restrictions to investors. We have been singled out, even though the banks acknowledge we are less of a lending risk than owner occupiers are when it comes to meeting our obligations. Yet we are forced to pay higher interest rates than owner occupier borrowers.

If we don't have a strong and united voice against these changes then there will be fewer property investors going forward. Fewer individuals and families trying to provide financial independence for themselves and their families. PICA is about ensuring both sides of the debate are heard and we are no longer being taken advantage of, given we play an important role of housing so many Australians.

To learn more about PICA - visit www.pica.asn.au

Ben Kingsley
PICA Chair