PIPA In the News

Wed
04 Jul
2018

Property market update: Sydney, June 2018

Tighter financing conditions and less investment activity continue to weaken the housing market conditions in Sydney and other capital cities. Can investors still find opportunities in NSW's capital?

Over the quarter, overall dwelling values in Sydney decline by 0.3 of a percentage point. A huge part of the decline seen in the capital city was driven by premium suburbs, which dropped in value by 7.3 per cent.

As in the case of the past months, the comparatively smaller markets of Brisbane, Adelaide and Hobart did better than the "premium markets" of Sydney and Melbourne, experiencing a rise in dwelling values at 0.2 to 0.3 of a percentage point.

According to CoreLogic, the recent declines in two of the biggest property markets in Australia is deemed "the most substantial decline in housing demand".

Tue
03 Jul
2018

Property market update: Melbourne, June 2018

The slipping homes values in the "premium markets" of Melbourne and Sydney have resulted in the "most substantial decline in housing demand' in Australia. Is it still worth investing in Victoria's capital?

After experiencing strong gains from 2012 to 2013 and benefiting from high investor demand, the house price growth in Melbourne is on track to recording a negative number this year as tightening credit conditions weaken investment activity.

Melbourne saw the third biggest fall in dwelling values this quarter at 0.4 of a percentage point, preceded only by Darwin and Perth, which are down by 1.1 per cent and 0.5 of a percentage point, respectively.

The more expensive properties in the capital city saw a bigger decline than the affordable properties. Dwellings at the more affordable price points are generally being supported by first home buyers.

Mon
02 Jul
2018

Property market update: Brisbane, June 2018

While other capital cities saw home values decline consistently in the past months, Brisbane stood strong and displayed admirable resilience — "buoyed by steady population growth driving demand and underpinned by good economic fundamentals". How can investors maximise opportunities in Queensland's capital?

Home values nationwide declined by 0.2 of a percentage point in June and are down by 0.8 of a percentage point over the past year due to tighter finance conditions and less investment activity, according to the latest CoreLogic Home Value Index.

Despite the national decline, Brisbane came out as a winner with 0.2 of a percentage point increase, preceded only by Adelaide and Hobart, which saw 0.3 of a percentage point increase.

Like in most capital cities, long-term values at the more affordable end of the city's housing market increased faster than the more expensive properties.

Mon
02 Jul
2018

Shock at number of investors getting poor advice

A new ASIC report has found that a shocking number of SMSF property investors are subject to bad advice that could leave them "significantly" worse off in retirement.

The reports Improving the quality of advice and member experiences and Member experiences with self-managed superannuation funds saw ASIC select 250 client files at random. Out of this selection, 91 per cent did not align with the Corporations Act's "best interests" duty and related obligations. This included poor record-keeping and process failures in 10 per cent of the files. An additional 10 per cent would have been "significantly worse off" when retiring due to the given advice.

ASIC deputy chair Peter Kell said that making decisions about super is one of the most important decisions a person can make, but there is little knowledge about them.

"ASIC found there is a lack of basic knowledge of the legal obligations in setting up or running an SMSF."

Sat
23 Jun
2018

These suburbs could be the next big thing

Looking to invest in the next Balmain or Collingwood? A property investment expert has revealed suburbs around Australia that are set to gentrify.

Research by Peter Koulizos, the chairman of Property Investment Professionals of Australia (PIPA), has identified 12 suburbs in four states:

Sat
23 Jun
2018

The gentrification process

New research released by the Property Investment Professionals of Australia (PIPA) has revealed the next city suburbs set to gentrify.

Peter Koulizos talks about the gentrification process.

Fri
22 Jun
2018

Property News Update: 22 June 2018

What's made the news this week?

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

  • Double dipping agents
  • Lenders slash LVR's
  • Property State of Origin

Tue
19 Jun
2018

Double agents: Conflict-of-interest fears over 'double dipping' real estate agents

Double agents aren't solely the domain of James Bond films, as property industry insiders sound the alarm over "double dipping" real estate agents leaving consumers vulnerable.

The Real Estate Buyers Agents Association (REBAA) has warned of "potential conflicts of interest" from "double agents", as major real estate agencies seek to extend their services to include both selling and buyer's agency divisions.

Despite laws prohibiting selling agents from acting as buyers' agents on the same transaction, industry insiders allege that the lines are increasingly being blurred by "double dipping" real estate agents with undisclosed financial incentives who operate out of self-interest.

This industry's lack of independence and transparency leaves consumers vulnerable to misleading advice, with little means for recourse, the REBAA said.

Mon
18 Jun
2018

Gentrification coming to these suburbs in your city

AT LEAST 12 suburbs across Australia are early stages of gentrification, according to research by the Property Investment Professionals of Australia (PIPA).

The research, by PIPA chairman Peter Koulizos, looked for similar signs that could help homebuyers and investors pick the next suburbs to gentrify.

Koulizos said his research was a valuable tool for homebuyers and investors to maximise their capital growth potential from purchasing early in gentrifying locations.

"If you had this knowledge a few decades ago, you would have bought in suburbs such as Balmain and Paddington in Sydney before they became highly sought-after and expensive.

"Likewise, in Melbourne, where you would have invested in Richmond or Collingwood before they became really popular and pricey," he added.

Mon
18 Jun
2018

PIPA reveals next suburbs set to gentrify

New research released by the Property Investment Professionals of Australia has revealed the next city suburbs around Australia set to "gentrify".

Research undertaken by PIPA chairman Peter Koulizos has uncovered particular signs that could help homebuyers and investors pick the next booming suburbs.

Inevitably, a suburb will often gentrify due to its proximity to the CBD, picturesque views or seaside location, but there are a number of other factors that can help accelerate the process.

"If you had this knowledge a few decades ago, you would have bought in suburbs such as Balmain and Paddington in Sydney before they became highly sought-after and expensive," Koulizos said.

"Likewise, in Melbourne, where you would have invested in Richmond or Collingwood before they became really popular and pricey."

 

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