PIPA In the News

Mon
19 Mar
2018

Aussie capitals that offer solid investment prospects

A mere 3.85% of property investment experts believe Sydney offers solid prospects this year, a major drop from 11% in 2017, according to the Property Investment Professionals of Australia's (PIPA) 2018 Member Survey.

Nearly half (46.15%) of respondents said Brisbane offered the best investment prospects for 2018. The Queensland capital was also the top pick by property investment professionals last year, with 44% of respondents selecting the city.

Melbourne was picked as the second best location for property investment this year (19.23%), down from 29% in 2017.

The third pick was Perth, which has shown signs of recovery over the most recent quarters. About 15.38% of respondents said the WA capital offered the best property investment prospects for 2018, a significant increase from 3.7% in 2017.

Fri
16 Mar
2018

Sydney baby boomers drive real estate boom in Brisbane

A MIGRATION of cashed-up Baby Boomers from Sydney will lead to a real estate boom in Brisbane, according to property investment experts.

A Property Investment Professionals of Australia (PIPA) members' survey revealed that Brisbane was regarded as the best capital city for property investment.

Of the members who participated in the survey, 46.15 per cent rated Brisbane as the best capital for investment prospects in 2018.

PIPA chairman Peter Koulizos said the Queensland capital was expected to boom as a side effect of the Sydney property boom happening when Baby Boomers were looking at retiring.

"People that have a lot of equity in their home can retire or semi-retire by selling up and buying a home in southeast Queensland," Mr Koulizos said.

Fri
16 Mar
2018

Southern boomers get set for invasion

A MIGRATION of cashed-up Baby Boomers from Sydney will lead to a real estate boom in Brisbane, according to property investment experts.

A Property Investment Professionals of Australia (PIPA) members' survey revealed that Brisbane was regarded as the best capital city for property investment.

Of the members who participated in the survey, 46.15 per cent rated Brisbane as the best capital for investment prospects in 2018.

PIPA chairman Peter Koulizos said the Queensland capital was expected to boom as a side effect of the Sydney property boom happening when Baby Boomers were looking at retiring.

"People that have a lot of equity in their home can retire or semi-retire by selling up and buying a home in southeast Queensland," Mr Koulizos said.

Fri
16 Mar
2018

Perth property tipped to rise

The Perth property has recieved a strong endorsement, with a survey from the Property Investment Professionals of Australia listing Perth highly as an investmnt prospect for 2018.

The annual survey placed Perth third among Australia's capital cities, with 15 per cent of members selecting the city as the best property investment prospect in the country.

The result is a significant increase from previous year's result of 3.7%.

Leading the survey was Brisbane, which tallied 46 per cent of the votes, while Melbourne was second with 19 per cent.

PIPA chairman Peter Koulizos said conditions were improving in Perth.

Sat
24 Feb
2018

Hobart growth on the rise

IT may have the highest prices but Sydney has actually been the country's weakest performing property market for much of the 21st century.

An analysis of price movements since 2002 showed Sydney property values grew at a slower rate than those in every other capital.

Sydney growth for the 15 years was also below the average for the eight capitals combined.

Harbour City prices grew by 142 per cent over the period, while the average for all capital was 161 per cent.

Roughly half of the Sydney growth in that time occurred over the last five years when the city was going through an unprecedented boom.

Thu
22 Feb
2018

Vacancy rates in Sydney lowest in 5 years; growth prospects slim

Sydney's vacancy rates are at a five-year high, according to the latest REINSW data, with reports that the city is also facing the smallest house price growth in the country.

The Real Estate Institute of New South Wales (REINSW) has announced that vacancy rates in middle Sydney are at the highest they have been since 2012, rising to 2.9 per cent, up by 0.3 per cent.

"This is the highest level since August 2012 when the vacancy rate for middle Sydney was at 3.0 per cent," REINSW president Leanne Pilkington said.

"The area has seen a significant increase in available stock and a decline in applications."

Overall, metropolitan Sydney rose by 0.1 per cent to 2.2 per cent. Inner Sydney also rose to 2.1 per cent, up by 0.1 per cent, but outer Sydney fell to 2.2 per cent, down by 0.1 per cent.

Wed
21 Feb
2018

Sydney's lacklustre long-term capital growth

While Sydney has recorded strong capital growth over the past five years, its long-term performance pales in comparison to smaller capitals, according to the latest analysis by the Property Investment Professionals of Australia (PIPA).

PIPA—which analysed data from the 2002-2017 Australia Bureau of Statistics Established House Price Index—showed that in terms of capital city house price growth, Sydney finished dead last.

The Harbour City's house price index has increased a mere 142% over the past 15 years, compared to first-place Hobart, which recorded growth of 220% over the same period.

Melbourne came in second (208%), Darwin third (161%), and Brisbane fourth (160%).

Peter Koulizos, Chairman of PIPA, said the research reinforced the notion that successful property investment is all about long-term results, rather than short-term gains.

Tue
20 Feb
2018

Hobart beat Sydney, Melbourne, Brisbane and Perth for price growth over the past 15 years

IT may have the highest prices but Sydney has actually been the country's weakest performing property market for much of the 21st century.

An analysis of price movements since 2002 showed Sydney property values grew at a slower rate than those in every other capital.

Sydney growth for the 15 years from September 2002 to September 2017 was also below the average for the eight capitals combined.

Harbour City prices grew by 142 per cent over the period, while the average for all capitals was 161 per cent.

Roughly half of the Sydney growth in that time occurred over the last five years when the city was going through an unprecedented boom.

Mon
19 Feb
2018

Sydney sees vacancy rates rise while property growth slows

Vacancy rates in one of Australia's most popular property markets are at a five-year high with reports that it is also the last capital city in terms of property growth.

The Real Estate Institute of New South Wales (REINSW) has announced that residential accommodation in middle Sydneyhas been the highest it has been since 2012, rising to 2.9 per cent, up 0.3 per cent.

"This is the highest level since August 2012 when the vacancy rate for middle Sydney was at 3.0 per cent," said REINSW president Leanne Pilkington.

"The area has seen a significant increase in available stock and a decline in applications."

Overall, metropolitan Sydney rose 0.1 per cent to 2.2 per cent. Inner Sydney also rose to 2.1 per cent, up 0.1 per cent, but outer Sydney fell to 2.2 per cent by 0.1 per cent.

Thu
08 Feb
2018

How to manage your overseas property?

Investing in an overseas property could put a big dent in your bank account if you overlook the risks. But if done right, you could end up with a comfortable home away from home or a winning investment property at your favourite holiday destination.

As chair of the Property Investment Professionals of Australia, Ben Kingsley often gets asked about overseas investment. It's something he cautions against due to the long list of things that could go wrong for buyers operating in an unfamiliar territory.

 

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