The Role of PICA
As the peak association for Property Investors, PICA has established a 5-point charter:
- Advocate on behalf of all property investors
- Play an active role in educating property investors and those looking to invest
- Engage with the Government, regulators and the community to ensure property investors receive appropriate representation in matters which directly or indirectly impact them
- Engage with the Government, industry and businesses to ensure property investors’ consumer rights are protected and free from dishonest, deceptive and misleading conduct in light of the industry being unregulated
- Help inform and promote the financial and social benefits of a vibrant and sustainable property investment marketplace
PICA will develop and advocate policies recognising the critical capital investment that property investors have undertaken in Australia and the important role property investors play to the Australian society and in the economy.
PICA will highlight the economic and social benefits of property investment to all levels of Government and the media by commissioning independent research and by contributing to enquiries and forums that impact property investors.
PICA will advocate property investors’ interests in the areas of macro-prudential market regulations, tax, planning, training, and education.
Through education, PICA aims to protect property investors from any extreme and unfair market interventions, as well as reduce further investment risks by helping eliminate any misleading advice in relation to any potentially risky or speculative investments.
PICA’s Objectives
Property investors have and continue to contribute significantly to tax revenues, job creation, property and rental accommodation supply and affordability, self-funding retirement, and overall social and economic growth for Australia.
However recently we are seeing property investors being somewhat singled out on a couple of fronts:
- The main cause for housing in-affordability
- Potential higher revenue (Tax) grabs by government
- Higher lending costs, when risk weighting assessments don’t justify such pricing variances.
With these and other potential challenges, property investors need a strong and united voice.
So PICA has set a long-term goal to build a large and strong membership base of over 1 million members. With this size and scale, property investors will have an important voice and seat at the negotiating table, to ensure we deliver on our 5 point charter for our members and all property investors.
Through the membership funds we raise, we plan to:
- undertake detailed research supporting our position against current negative media and community perception
- challenge and lobby against current poorly thought through policy, legislation or proposed legislation from all sides of politics
- develop educational material to help investors better understand the risks and rewards of property investing
- help advocate for professional property investment advice to be regulated, in the same way shares and other investment asset classes are regulated
Finally, given PICA has been established as a non-commercial, not-for-profit organisation run for the benefit of property investors. We will ensure there is no direct commercial penetration of the member database. Our board and its members will set the rules as to how business and industry will be able to communicate with our members
Why join PICA now
Like it or not, property investors are being singled out and targeted by the government and regulators.
We’re being blamed for rising property prices in Australia.
We’re being slugged higher mortgage interest rates.
We’re facing potentially higher taxes as the government considers axing some property investment tax benefits.
Pro-tenant policies are getting way out of hand.
Excessive and unfair government regulations are putting our property investments at risk.
It’s time to unite and make our voices heard. It’s time we take action to ensure our property investments are protected now and into the future.
It’s time to make a stand.
BECOME A MEMBER
