PIPA In the News

Mon
24 Sep
2018

Market softening not scaring majority of investors

A recent survey has found that even though Australia's most-populated and unaffordable capital cities are reaching their downturn in the market, the majority of investors are unfazed and in fact believe this year is a better year to be investing than last year.

The Property Investor Sentiment Survey, conducted by the Property Investment Professionals of Australia (PIPA), saw that from 820 property investors, 77 per cent said now is a good time to invest in property, more than last year at 71 per cent.

Nearly every investor also has a plan regarding their property investments at 98 per cent. Over a quarter at 28 per cent had detailed plans for long-term investment.

Additionally, 90 per cent are not concerned with Sydney and Melbourne's price declines, saying that they will not slow down their investment plans.

Fri
21 Sep
2018

The NSW rental reforms: Here is everything PMs and BDMs need to know

Designed to give more power to tenants, amendments to the current rental legislation have been introduced in NSW and include the ability to break leases without penalty.

Introduced to the NSW Parliament on 20 September by Minister for Better Regulation Matt Kean, the Residential Tenancies Amendment (Review) Bill 2018 is set to give more powers to tenants in New South Wales.

On their introduction to the NSW Parliament, Mr Kean said that the reforms were "common-sense changes" and that they "get the balance right".

Fri
21 Sep
2018

NSW rental reforms announced: What's changed?

Amendments to current rental legislation have been introduced to the NSW Parliament and aim to give more power to tenants, which includes the ability in certain cases to break leases without penalty. Here's a comprehensive list of what the reforms include.

Introduced to the NSW Parliament on 20 September by Minister for Better Regulation Matt Kean, the Residential Tenancies Amendment (Review) Bill 2018 is set to give more powers to tenants in New South Wales.

On their introduction to the NSW Parliament, Mr Kean said that the reforms were "common-sense changes" and that they "get the balance right".

Wed
19 Sep
2018

Mining property worth half as much as 10 years ago

New research has found that property prices halved in many mining regions over the past decade.

Property Investment Professionals of Australia (PIPA) chairman Peter Koulizos used CoreLogic data to calculate the best and worst performing areas over the past 10 years.

"West Australia - which benefited the most from the mining boom - has also suffered the most from the mining bust.  There is a very long list of under-performing mining towns in WA, but the worst is South Hedland, a suburb in Port Hedland, where house prices fell 74.8 per cent.

"Newman came in a close second to South Hedland, where the median house price was $501,000 in 2008 and not it is only $147,000."

Wed
19 Sep
2018

Investment tip: Do you need a buyer's agent

Fact: Every property buyer can be their own agent. Still, some investors choose to engage professionals and be guided in their decision-making. Do you really need to work with experts in order to succeed or can you do just as good on your own?

Due to the popularity of property as an asset class across Australia, the buyer's agent industry has become a growing sector through the years, with many investors attributing a huge part of their success to the wisdom and guidance provided by their agent.

However, some people are still reluctant to engage buyer's agents and other professionals, mainly because of the extra expenses they will incur.

While pro-agents would argue that their services are worth their weight in gold, property experts believe that buyer's agents are not necessary for success as long as the investor is confident that they have the skills needed to purchase a property well.

Wed
12 Sep
2018

Home values crash by nearly 80 per cent in post-mining boom areas

The dream of home ownership has turned to a nightmare for mining-boom buyers, with homes in former hotspots worth less than half of what they were a decade ago.

The brutal reality for property owners who bought towards the tail end of the mining boom – which lasted for around a decade and peaked in 2012 – has been revealed by new data from the Property Investment Professionals of Australia.

Six years after the bubble burst, regional areas of Australia's mining states continue to lead property price falls around the country.

Mining regions crushed by the end of the resources boom – Australia's biggest since the gold rush of the 1880s – have seen home values plummet by more than 75 per cent between March 2008 and March 2018, the data shows.

Wed
12 Sep
2018

Property values have halved in these towns since 2008

Australia's resource-rich outback towns once lured a flock of investors attracted to premium rental yields and rising real estate values amid the nation's mining boom.

But a decade on, many have since discovered there was no gold at the end of the mining town real estate rush.

New research shows property prices in many of Australia's mining regions have in fact halved since 2008.

Using CoreLogic data to calculate the best and worst performing areas over the past 10 years, Property Investment Professionals of Australia (PIPA) chairman Peter Koulizos says mining towns consistently placed at the bottom of the findings.

"What this data shows us is that if you had bought property in one of these towns, not only did your property not increase in value over this 10-year period, but it is actually worth less," Koulizos said.

Wed
12 Sep
2018

Careful with investing in mining regions

Aussies could use a reminder that a good location is a key to successful property investment. This, after a new study from Property Investment Professionals of Australia (PIPA) showed that property prices had halved in many mining regions over the past decade.

PIPA Chairman Peter Koulizos is in the process of re-examining research he undertook for a book published in 2008, and, as part of the new research, Koulizos examined CoreLogic's data to calculate the best and worst performing areas over the past 10 years. From there, he found a clear frontrunner for bottom of the pile – mining locations.

"What this data shows us is that if you had bought property in one of these towns, not only did your property not increase in value over this 10-year period, but it is actually worth less," Koulizos said.

"West Australia (WA) – which benefited the most from the mining boom – has also suffered the most from the mining bust."

Tue
11 Sep
2018

Mining town house prices fall into a big hole

THE mining downturn stripped a number of towns reliant on the resources boom of their house values, with prices slashed by 75% in some locations, according to Property Investment Professionals of Australia, with Western Australian town hardest hit.

Chairman Peter Koulizos has compared CoreLogic data with research undertaken in 2008, and found that South Hedland, a suburb or Port Hedland, saw house values fall by 74.8% in the past 10 years, while prices in Queensland's Dysart plummeted by 77.4% as Brisbane prices increased by 24% over the same period.

"What this data shows us is that if you had bought property in one of these towns, not only did your property not increase in value over this 10-year period, but it is actually worth less," Koulizos said.

Tue
11 Sep
2018

Investing in mining towns: Is it worth it now?

With the mining boom well and truly over, the question of investing into mining towns comes up every now and again. The latest research shows it may not be worth your time investing in them, and here's why.

Analysis by the Property Investment Professionals of Australia (PIPA) show property prices have declined by up to 77.4 per cent over the last 10 years.

Peter Koulizos, PIPA chairman, said if investors had purchased in mining towns in 2008, not only would they not see any improvement in price, they would be holding property that went down considerably price.

"West Australia – which benefited the most from the mining boom – has also suffered the most from the mining bust," Mr Koulizos said.

 

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