PIPA In the News

24 Apr

Investment advice turns clients into 'raving fans'

New research has suggested that brokers are losing income by not offering or outsourcing property investment services.

A survey of about 784 property investors found that 69.3 per cent had dealt with a mortgage broker at some point, while 62.8 per cent planned to use a broker to help them finance their next investment.

The survey was conducted by Property Investment Professionals of Australia andThe Adviser’s sister title,Smart Property Investment.

24 Apr

Property investment advice demand surges

A survey of Australian property investors has revealed significant opportunity for retail financial advisers to become specialised in direct property advice.

Having surveyed more than 800 property investors,ifa sister title Smart Property Investment and industry body Property Investment Professionals of Australia (PIPA) found that more than 30 per cent of active investors are seeking professional guidance.

In addition, 59.7 per cent of respondents indicated they are taking a “long-term, strategic approach to property investment” signalling what PIPA chair Ben Kingsley describes as an “ideal service addition for financial planners”.

27 Mar

Fresh warning on SMSF licensing, property

The Property Investment Professionals of Australia (PIPA) has issued a caution to practitioners who are unlawfully giving SMSF advice.

Speaking toSMSF Adviser, PIPA chair Ben Kingsley said ASIC has made it “very clear” the association will use its powers to bring to account any party operating unlawfully.

“Furthermore, trustees of SMSFs are at real financial risk if they are taking any advice from anyone who simply doesn’t have the qualifications, licensing and skill sets to appropriately advise any SMSF trustee,” he said.

Mr Kingsley said PIPA is concerned practitioners, including mortgage brokers and real estate agents, may be talking to clients about setting up an SMSF to purchase an investment property.

26 Mar

Property investors keen to purchase more in 2014

A national survey of property investors has revealed high levels of confidence in the property market, underpinning expectations that strong investor activity will continue well throughout 2014.

The inauguralSmart Property Investment/ PIPA Property Investor Sentiment Survey revealed that a striking majority of investors (84.4 per cent) believe now is a good time to invest in property, with 70.8 per cent of investors looking to make a purchase within the next six to 12 months.

Capital growth opportunities (27.9 per cent), low interest rates (27.4 per cent) and property’s stability compared to other asset classes (19.6 per cent) were all cited as the top factors underlying property’s investment appeal.

10 Mar

How to spot a dodgy operator - tips from the experts

With misleading rent to buy schemes gaining momentum and property spruikers increasingly targeting the elderly and the ill, the dodgy practices of a few are threatening to tarnish the reputation of the property industry. Properties, once considered safe and reliable investments, are increasingly being used by unethical operators to victimise those looking for a stable source of income.

07 Feb

Should property investment advice be regulated

Whatever their experience or qualifications, anyone can legally promote property as an investment option.

While the Property Investment Professionals of Australia (PIPA) have been lobbying for years to bring in legislation that will protect consumers, a recent survey by SMSF Advisor revealed there is limited industry support.

Of the 469 surveyed, more than a third said they believe no regulation is needed. Just 61.2 per cent of respondents said property investment advice should be regulated, while 38.8% said that regulation was completely unnecessary.

01 Feb

Investing with your eyes wide open

PROPERTY advice remains an unregulated environment.

There's nothing stopping someone who can talk the talk from calling themselves an expert and advising people to part with their hard earned cash.

The Property Investment Professionals of Australia (PIPA) are lobbying for the regulation and licensing of property investment advice to put a stop to this.

But a new survey by SMSF Adviser has revealed weaker than expected support for regulation.

20 Jan

New property expert database unveiled

A new website will help investors connect with property and finance professionals in their local area.

The site, launched by the Property Investment Professionals of Australia (PIPA), features a unique search-by-postcode database of property specialists.

Investors can use this search to identify financial planners, mortgage brokers, accountants, property investment advisers and buyer's agents operating in specific areas.

14 Jan

Poll reveals limited support for property regulation

An underwhelming proportion of respondents to a SMSF Adviser survey believe property investment advice should be regulated.

Of the 469 respondents, 38.8 per cent felt no regulation is necessary while 61.2 per cent said they believe it should be regulated.

Speaking to SMSF Adviser, Property Investment Professionals of Australia (PIPA) chair Ben Kingsley said industry is reluctant to support the regulation of property investment advice due to its hesitancy to take on more compliance.

Mr Kingsley said the regulation of property investment advice would also discourage those who rely on commissions from kickbacks.

10 Jan

Investors are here to stay

Property investors were indisputably the stars of the 2013 property market, but don't be fooled into thinking your investor business will take a back seat in the New Year.

Investors will remain an important client base well into 2014, and smart brokers should be preparing to target this market once again as we move out of the holiday break.

First and foremost, interest rates remain at extremely low levels as we move into the New Year, providing an ongoing incentive for Australians to borrow money and make those property purchases they may have been contemplating for some time and still have good prospects for capital growth in 2014.


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