READ MORE: Prime Minister Malcolm Turnbull, Treasurer Scott Morrison and local member David Coleman visit a home in Penthurst in 2017 to talk about negative gearing. Photo: Michele Mossop.

Real estate agents are pushing the Coalition to introduce a new ‘property services’ minister to bring the nation’s multi-billion dollar housing and development industry closer to the heart of government.

However the proposal, floated in a pre-budget submission by the Real Estate Institute of Australia, has come under scrutiny for the “unclear” benefit it would deliver Australians.

The plan would see a new portfolio created at the federal or state level to tackle all forms of property policy, including law, taxation, housing affordability and the governance of real estate agents.