PIPA In the News

Mon
30 Oct
2017

FBAA welcomes news from major bank

News that mortgage brokers are originating the majority of home loans for a major bank has been welcomed by the Finance Brokers Association of Australia.

In its full-year results, released last week, ANZ bank revealed that brokers originated 56 per cent of its mortgages, or more than 99,000 loans, in the year ending September 2017.

"We're very pleased to see those numbers, but we're not overly surprised," FBAA executive director Peter White said. "It's further proof of the value that borrowers are putting in brokers."

Mr White said that it has been clear for a long time that mortgage brokers are playing a more prominent role in the home loan sector as mortgages written by brokers have been increasing across the board.

Fri
27 Oct
2017

73% of investors opting for brokers

Tighter lending restrictions are driving more property investors to seek assistance from a mortgage broker, a new survey has found.

The third annual Property Investor Sentiment Survey by Property Investment Professionals of Australia (PIPA) revealed that 73% of investors have used a broker. This was up from 65% two years earlier.

The report also found that over the next 12 months, 83% of investors intend to use a broker when seeking their next loan – an increase from the 71% recorded in last year's survey.

Thu
26 Oct
2017

Broker popularity on the rise: Research

An increasing number of property investors are securing finance through a mortgage broker, with 83% of investors intending to do so in the next 12 months.

The third annual national Property Investor Sentiment Survey from Property Investment Professionals of Australia shows 73% of investors used a broker to secure their most recent loan demonstrating an 8% jump when compared to just two years previous.

PIPA says this is because property investors are increasingly looking to secure a better deal as 68% believe it is unfair that they have to pay higher interest rates than owner occupiers.

PIPA chair Ben Kingsley said this shows sophisticated investors are prepared to use professionals to help grow their portfolios.

Thu
26 Oct
2017

More investors looking for help from mortgage brokers

Recent regulatory changes to the Australian mortgage market have led an increasing number of property investors to turn to mortgage brokers for help securing their finances.

According to a recent survey from the Property Investment Professionals of Australia (PIPA), 73% of investors used a mortgage broker's services to secure their most recent loan – an increase from 65% two years before.

Furthermore, 83% of investors surveyed intended to finance their next loan though a broker – up from 71% last year.

Thu
26 Oct
2017

Mortgage brokers increasingly sought out by property investors: PIPA survey

More property investors are choosing to use mortgage brokers to secure finance, the third annual Property Investment Professionals of Australia (PIPA) Property Investor Sentiment Survey has found in the face of tighter lending conditions.

The national survey, which gathered insights from 742 property investors, found that 73 per cent of investors used the services of a mortgage broker to secure their most recent loan – up significantly from 65 per cent two years before.

And in the next 12 months, 83 per cent of investors intend to finance their next loan through a broker – up from 71 per cent last year.

Thu
26 Oct
2017

What keeps investors up at night and which professionals do they turn to?

The results of an investor survey have shown the things that worry investors the most, along with the most in-demand experts investors are seeking.

The third annual Property Investment Professionals of Australia (PIPA) Property Investor Sentiment Survey has provided an insight into what investors are currently doing in the property market, and how they are thinking about the future of investing.

Fri
13 Oct
2017

Discover hidden secrets and strategies at Sydney Property Buyer Expo

Discover the hidden secrets and strategies of the property market at the Sydney Property Buyer Expo.

With the housing drought breaking recently, more homes are flowing onto the market, meaning now is the time to be well informed with property knowledge.

Whether it is rentvesting, purchasing a house or building a portfolio, Australia's leading and largest property investment event, the Property Buyer Expo (PBE) covers it all.

The expo will be held in Sydney from Friday, October 20 to Sunday, October 22. Some of the most renowned and recognised names in the property industry will be providing invaluable insights on the future of property, innovation and strategies to take advantage of current market conditions.

Thu
12 Oct
2017

Using property to cover your cash flow shortfall in retirement

I wish more Australians knew their retirement shortfall amount and I wish they knew it a lot earlier in life than when most actually start thinking about retirement.

Most people don't start taking their retirement planning seriously until they are in their 50s, yet for many this is too late to make a real difference to their nest eggs.

I think it's because people get overwhelmed by the detail, thinking that calculating such a number is really complex.

Sure, if you want to get down to the dollars and cents, then the calculations do get more complex when you factor in indexation, taxation, compounding interest and time frames. However, there is a simple way you can calculate your retirement shortfall so you can take action.

Tue
10 Oct
2017

Making most of rise in demand

CONFIDENCE in Brisbane's housing market has hit its strongest level in months amid growing belief that a rebalance against southern capitals is under way.

Buyers hit by affordability pains and capital growth slowdown in Sydney and Melbourne had already triggered a flight of capital north, according to experts.

Property Investment Professionals of Australia chairman Ben Kingsley said Brisbane and Queensland were the next best bet given the affordable buying and good yields.

"Sentiment is definitely on the positive side and there is a sense of urgency," he said. "I think it is real. Whether they're owner occupiers or investors, they're now getting FOMO (fear of missing out) ... It's simply very difficult to get another million or more from the bank for a Sydney purchase, but to service $750-800,000 for Brisbane might be easier." Alex Jordan, of McGrath Estate Agents – Paddington, said the market began to pick up inJuly.

Mon
09 Oct
2017

Appetite for property investment remains strong - here are October's cheapest investment loans

Investors still confident in the market. Build your portfolio with a competitive investment loan.

A recent survey by the Property Investment Professionals of Australia (PIPA) found that investors are still confident in bricks and mortar, despite tightening credit criteria and regulatory moves meant to curb investment. The survey found 70% of respondents believed it was still a good time to invest in property, and 61% said they were looking to buy within the next 6-12 months.

PIPA chair Ben Kingsley said that despite these restrictions "most property investors are looking past short-term challenges and are remaining focused on the long-term wealth benefits that are available from residential real estate."

 

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