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Transcript:<\/strong><\/p>\n Housing affordability is still a key political issue and one that will continue to haunt Federal Governments of any persuasion.\u00a0 The peak professional body for investment professionals \u2013 PIPA – has called on the government to consider housing affordability strategies that reflect the country\u2019s market needs, rather than any radical changes. [flex_video widescreen=”true” vimeo=”true”] [\/flex_video] Transcript: Housing affordability is still a key political issue and one that will continue to haunt Federal Governments of any persuasion.\u00a0 The peak professional body for investment professionals \u2013 PIPA – has called on the government to consider housing affordability strategies…<\/p>\n","protected":false},"author":176692471,"featured_media":13174,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[10,11,13,29],"tags":[70,131],"class_list":["post-13173","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-kevin-turner-sponsored-channels","category-kevin-update","category-latest-story","category-video","tag-featured","tag-videos"],"yoast_head":"\n
\nProperty Investment Professionals of Australia chair Ben Kingsley says the association welcomes the federal government\u2019s decision to rule out changes to negative gearing.\u00a0 He said he is hopeful this decision reflects a more measured approach to addressing affordability issues for both buyers and renters.
\nKingsley said – \u201cHousing affordability is challenging, but there\u2019s no easy fix. We welcome the government\u2019s focus on this issue but urge them to adopt sensible measures that reflect the national market needs, rather than any of the radical changes that have been floated by some corners of the market\u201d.\u00a0 Kingsley noted that no policy would be able to reduce the price of quality property in the inner suburbs of major capital cities, due to continued strong demand and limited and geographically-constrained supply.
\nHowever, he believes strategic policies can encourage more supply in urban locations.\u00a0 Measures that encourage developers to build more family-friendly accommodation, such as three- or four-bedroom units and incentives to encourage the release of bulk land lots in new greenfield areas could also boost supply would go a long way to helping with affordability.
\nPIPA advocates that regulation and education remained key.\u00a0 Property investment advice needs to be regulated. This would remove spruikers and speculators from the market.\u00a0 Educating investors about the real and current risks of property investment, and ensuring they are not pressured into poor investments would help to moderate demand and avoid budding investors getting their hands burned.
\nThe residential property cycle plays a significant role in the country\u2019s overall economic performance and in building everyday Australians\u2019 wealth.\u00a0 Kingsley point out that \u201cWhile high property prices can be incredibly frustrating for those trying to enter the market, we need to remember that property is a key feature of many everyday Australians\u2019 wealth creation strategies”.\u00a0 \u00a0Property is an accessible, trusted source of wealth that can help just about anyone build a better future. We need to be very careful when it comes to playing around with measures that could hurt the value of these assets.<\/p>\n","protected":false},"excerpt":{"rendered":"