The Property Couch 563 | Property Crash: The Surefire Way to Collapse the Market
Sep 11, 2025
In this insightful discussion, Ben Kingsley, Chair of the Property Investors Council of Australia and a renowned property investment advisor, shares vital warnings for everyday investors. He highlights alarming trends like unlicensed financial advice and the dangers of get-rich-quick schemes that threaten market stability. The conversation also explores the implications of short-term speculation on housing affordability and the need for a unified voice representing landlords. Kingsley emphasizes the importance of ethical practices and transparency to safeguard consumers in the property market.
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Minority Misconduct Risks Industry-Wide Harm
- PICA warned trade bodies because a small minority of operators risk the industry's reputation and could trigger harmful regulation.
- Ben Kingsley says 90% behave well but the 5–10% doing wrong attract regulator and media attention.
Animal Spirits Can Destroy Social Licence
- 'Animal spirits' describes speculative investor behaviour that outpaces fundamentals and risks social licence.
- Ben compares this to electric scooters becoming mainstream, causing regulation after harms appear.
Gladstone Example Of Speculative Boom And Bust
- Ben uses Gladstone's mining boom to show investor-driven price spikes and the later 15-year value loss.
- He warns speculative runs unbacked by economic activity can erase long-term gains.
