PIPA In the News

Fri
04 Jan
2013

Be wary of bad summer investments

Property Investment Professionals of Australia (PIPA) is urging prospective property investors to keep a cool head when it comes to investing in holiday locations.

PIPA chair Ben Kingsley said it was easy for holidaymakers to fall prey to bad investment decisions over the summer holiday season.

"It's incredibly easy to start romancing about owning a property in a seaside location when you're on holiday," he said.

Tue
18 Dec
2012

Property bargains still to be found: PIPA

While the 'official' residential property auction season may have come to an end over the weekend, opportunities for savvy property buyers could ripen in the final countdown to Christmas, according to the Property Investment Professionals of Australia (PIPA).

PIPA chair Ben Kingsley said that while some homebuyers and investors would be looking to shelve their property plans over Christmas, they could be missing out on some unique purchasing prospects.

Fri
16 Nov
2012

PIPA calls on ASIC to regulate property investment advice

The Property Investment Professionals of Australia (PIPA) has called on ASIC and the Federal Government to regulate investment advice. PIPA chair Ben Kingsley said concerns surrounding self-managed superfunds (SMSFs), and poor or underhanded property investment advice, has highlighted the need to regulate the provision of property investment advice."We are going to see an ongoing repeat of events such as Storm Financial and WestPoint - as well as a host of property spruikers like Henry Kaye appearing - if nothing continues to be done about property investment advice regulation," Mr Kingsley said.

"While the Federal Government continues to sit idle on this, Australian investors will continue to be ripped off," he said.

Fri
16 Nov
2012

Property investment advice needs to be regulated: PIPA

Self-managed super funds' (SMSFs') appetite for property continues to grow, but the lack of any minimum professional standards for property investment advisers requires serious consideration from the regulator, according to Property Investment Professionals of Australia (PIPA).

With other financial services professions such as financial planning and accounting requiring a minimum certification to practice, PIPA chairman Ben Kingsley has called for providers of property investment advice to obtain a minimum diploma-level degree before engaging in advice.

Thu
15 Nov
2012

Calls for investment advice to be regulated

Property investment advice needs to be regulated, according to the Property Investment Professionals of Australia (PIPA), who are calling on ASIC and the federal government to take action following reports highlighting questionable property spruiking practices.

Reports that investors are losing millions of dollars after being cheated by property marketers selling dubious properties under the guise of 'independent financial advice' have been bought to attention recently.

Thu
15 Nov
2012

Industry body calls for review into property investment advice

Property Investment Professionals of Australia is calling on ASIC and the federal government to regulate property investment advice following a raft of news reports highlighting questionable property spruiking practices.

Reports that investors are losing millions of dollars after being cheated by property marketeers selling dubious properties under the guise of 'independent financial advice' have dominated headlines in recent weeks.

In particular, concerns are mounting for investors who are being encouraged to set up self-managed super funds (SMSFs) as vehicles for property investment.

 

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