PIPA In the News

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."

Fri
06 Oct
2017

70% of investors think now is a good time to buy property

PIPA survey suggests lender restrictions are creating major refinancing opportunities for brokers

70% of investors believe now is a good time to invest in residential property, according to a survey by the Property Investment Professionals of Australia (PIPA).

PIPA surveyed 742 investors, finding that 61% were looking to purchase a property in the next six to 12 months, up from 58% last year.

PIPA chair and broker Ben Kingsley wrote the results suggest that "investors have continued to shake off the noise about a property "bubble", concerns about oversupply of apartments and proposed changes to negative gearing to focus on the long-term benefits of property."

Investors have been hit by lending changes, however: 43% said these changes had made it harder for them to secure finance. Whilst interest-only loans have come into the spotlight from APRA and ASIC, more than half of investors with IO loans said they won't struggle to meet principal and interest repayments once their IO period expires.

Fri
06 Oct
2017

Aussie property investors remain bullish

Ben Kingsley from PIPA joins Kevin Turner to discuss the Property Investment Survey outcomes. 

How investors are shrugging off concerns over stricter lending conditions, property price bubbles and over supply.

Download the podcast here

Real Estate with Kevin Turner picture 

Tue
03 Oct
2017

RBA fears property investors could bring the market down

Given the high number of property investors in Australia, the Reserve Bank is worried that if capital growth slows, investors will put their properties on the market and hurt home owners in the process.

It's a logical argument in an environment where capital growth is becoming increasingly difficult to come by. What if investors take their gains and go?

Last week, during a panel discussion in Sydney hosted by Lander & Rogers and Westpac, Reserve Bank assistant governor Michele Bullock spoke about the "human costs" of financial instability, which has become one of the biggest concerns for the central bank.

"House prices aren't the issue," Ms Bullock said, adding that the behaviours driving market outcomes are what the RBA is looking at more closely.

Mon
02 Oct
2017

Spring market safe as houses

Buyers to hone in on Brisbane

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

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 chair Ben Kingsley said "Brisbane and Queensland is the next best bet" given its "affordable buying and good yields".

"Sentiment is definitely on the positive side and there is a sense of urgency," he said...

Sun
01 Oct
2017

Brisbane regains spring in its step as experts predict a rebalance against southern capitals

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

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 chair Ben Kingsley said "Brisbane and Queensland is the next best bet" given its "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."

Sat
30 Sep
2017

Property investors admit that they need 'more education'

Australia's property investors have high hopes for the future, but admit that more education is needed around the risks and benefits of investing in this asset class.

The 2017 Property Investment Professionals of Australia (PIPA) investor confidence survey reveals that 84 per cent of respondents think property investors should have more education around "the risks and potential benefits" of property investment, despite 33 per cent of investors having a set strategy for investment in place.

Further, 90 per cent argue that all advisers in this space should be qualified, regulated and licensed.

"Unlike financial planning and mortgage broking, the provision of property investment advice still remains unregulated," PIPA chair, Ben Kingsley commented.

Fri
29 Sep
2017

John Kolenda: the lending landscape is turning for investors

Finsure and 1300HomeLoans's managing director on the resurgence of offers for property investors.

Investors are back in favour just a few months after a crackdown from banking regulators threatened to force them out of the property market.

Lenders who answered the call from APRA to make life difficult for investors by raising their interest rates and tightening eligibility criteria are now competing for their business again.

As we anticipated at 1300HomeLoan, investors were never going to disappear. We actually had a significant increase in enquiries from investors at the start of the APRA campaign earlier in the year and their interest has not waned.

After the hit to their own investor volumes, lenders have been offering investors more competitive interest rates to attract their business and the battle for the investor market is now fierce.

 

subscribe newsletter icon