PIPA In the News

Wed
17 Oct
2018

Capital city property markets primed for growth

Despite market fluctuations, Mr Koulizos believes that there is an abundance of investment opportunities across the capital cities—even in the softening markets of Sydney and Melbourne.

According to him, the only secret to finding the best location for property investment is going back to the fundamentals of a good property.

The property lecturer said: "Look for undervalued areas around prime hubs. It's not just based on median price because before it might just be really cheap because the soil is contaminated."

"Go and have a look, drive down the streets. Are the houses similar in the prime suburb as they are in the undervalued suburb? Are the streets similar? We're looking for wide, tree-lined streets—they're the key there. Then, make sure that you compare apples with apples. If you can tick those boxes, it should be alright."

Wed
17 Oct
2018

Central bank sounds warnings over further credit tightening

Australia's banks could change and tighten their credit policies even further, as the aftershocks of the royal commission's interim report make their way through the banking sector.

In minutes from its October board meeting, the Reserve Bank of Australia (RBA) said that despite moves from lenders to tighten lending policy in anticipation of the findings of the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry, it is "possible" that further tightening is introduced off the back of the release of the commission's interim report.

The RBA acknowledged that lending standards had become "tighter than they had been a few years previously", which it said "reflected the introduction of supervisory measures to help contain the build-up of risk in household balance sheets".

Wed
17 Oct
2018

Expect losses if you buy an apartment in Adelaide: property expert

Buying an apartment in Adelaide might offer a "hassle-free" lifestyle, but expect to lose a lot of money when you go to sell it, a property investment expert has warned.

People who bought apartments in three Adelaide developments about a decade ago made huge losses when they sold them, new data shows.

Those who bought apartments at 185 Morphett Street in the CBD, Liberty Towers at Glenelg or Newport Quays in Port Adelaide about a decade ago lost an average $166,000 when they eventually sold them again, according to CoreLogic data provided to InDaily by Property Investment Professionals of Australia chair Peter Koulizos.

At the most extreme end of the losses, one buyer spent $947,650 on a Newport Quays apartment in May 2009, only to sell it early this year for $535,000 – a loss of more than $400,000.

Fri
12 Oct
2018

Best places to invest in Brisbane property

PICKING the right city is more important than the right suburb if you want to make good money from property investment.

That's a key lesson learned from a fresh study of the past decade of house price performance.

Property Investment Professionals of Australia chairman Peter Koulizos examined 10-year home price movements across thousands of suburbs and towns and discovered key trends that can help investors make decisions.

For example, don't always follow the old saying that prices double every 10 years. Home prices in once-booming mining towns including Port Hedland, West Gladstone, Roxby Downs and Newman are still more than 40 per cent below their levels of a decade ago, the research found.

Mon
01 Oct
2018

Brisbane only capital to grow last month defying national decline

BRISBANE was the only major state capital to see home values grow last month, escaping the worst national housing decline in six years that's hit other states.

Preliminary CoreLogic results show September values in Brisbane jumped 0.1 per cent at a time when every other major capital city went backwards.

Annually Brisbane's growth has hit 0.8 per cent – the highest of all state capitals – while both Sydney (-6.1 per cent) and Melbourne (-3.1 per cent) dropped substantially into negative territory.

CoreLogic head of research Tim Lawless said Brisbane now represented "great buying opportunities" with a more balanced market than Sydney or Melbourne.

Mon
01 Oct
2018

Property investors not deterred by the current market

The Mortgage Business Uncut podcast is your weekly analysis of the biggest themes shaping the Australian mortgages market.

Join Alex Whitlock and Annie Kane as they delve into the latest themes and developments in the home loan market.

In this episode, they talk to Peter Koulizos, a lecturer at the University of South Australia and chairman of Property Investment Professionals of Australia, to discuss the challenges that property investors are facing in the lending market.

Sat
29 Sep
2018

Investors are flocking to regional markets

Property investors have become more confident in the worth of regional markets with a new survey revealing more find it an appealing option.

The latest Property Investment Professionals of Australia (PIPA) Property Investor Sentiment Survey found that 20 per cent of investors believed regional markets were the most appealing place to buy right now.

This increased from 15 per cent at the same time last year. 

Most respondents to the survey believed now was a good time to invest, with the majority, 52 per cent, planning to buy in the next 6-12 months.

Fri
28 Sep
2018

Property News Update: 28 September 2018

What's made the news this week?

Kieran and Kevin catch up to discuss the stories that grabbed their attention this week:

  • Investors feel the pinch
  • The big shift is on
  • The ultimate 'home sweet home'
  • The world's first Billion dollar home

Thu
27 Sep
2018

Fears simmer about more cuts to investor lending from banks

As approvals for interest-only and investor loans take a big tumble, property investors are fearing the worst about their prospects for new loans and refinancing – but experts remain optimistic.

The latest APRA statistics show investor home loan approvals fell by 12.4 per cent over the last year to 30 June 2018. Further, interest-only loans took a 54.9 per cent dive in the last quarter.

These results are leaving property investors concerned that the market for financing will grow continually more difficult, compounded by declining values in capital cities like Sydney and Melbourne.

Thu
27 Sep
2018

Property expert hits back at Labor's controversial negative gearing policy

ONE of Australia's most outspoken property experts has issued a dire warning for Labor, insisting the party could "destroy the property market".

Last week, Prime Minister Scott Morrison told news.com.au the ALP's vow to limit negative gearing to newly built homes would actually "invite a housing market crash".

The policy is at the core of the Labor's housing proposals — and negative gearing policy is expected to be one of the major issues at the heart of the next federal election.

Now, property investor and author Bushy Martin has weighed into the divisive debate, claiming Labor's plan could end up decimating our already ailing housing market.

 

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