PIPA In the News

Fri
06 Dec
2013

Should you list before Christmas? The experts have their say

Ben Kingsley– Chair of Property Investment Professionals of Australia (PIPA)ben-kingsley-profile-2

AS A BUYER, NEW STOCK IS ALWAYS WELCOME

Speaking from the buyers side, as an independent property investment advisor and director of a buyers agency business, my team and I are constantly on the hunt for properties that meet our clients briefs. So speaking from a buyers position any new stock is welcome for analysis and inspection, especially in a sellers market which is what we are experiencing in the Melbourne and Sydney markets even this late in the year.

In the current market, The facts are that good quality properties in superior locations and suburbs are still attracting strong interest and are being bought under stiff competition by highly interested buyers, so any new stock is keenly sort and reviewed.

Sun
01 Dec
2013

SMSF safety steps

Property investment via SMSFs can be a valuable retirement strategy, but you need to proceed with caution, writes Ben Kingsley

Currently, with historically low interest rates and property prices on the rise in virtually every state, real estate is back on the agenda in a big way.

But what if you can’t afford to invest right now with your current household commitments? What about purchasing property through a self-managed super fund (SMSF)? It sounds like a good idea, especially if you don’t have equity to invest another way.

Thu
28 Nov
2013

How to protect yourself from spruikers

Property investment is in the spotlight at the moment, with the growing number of self-managed super funds investing in real estate attracting the attention of regulators and watchdogs.

This increase in super investors, combined with historically low interest rates and rising prices have unfortunately also lured property spruikers out of the woodwork once again.

But the Australian Securities & Investments Commission (ASIC) recently sent out a message to let the industry know it is being watched and any underhand behaviour will not be tolerated.

Wed
20 Nov
2013

New website links brokers and investors

Property Investment Professionals of Australia (PIPA) has launched a new website to help property professionals, including mortgage brokers, engage with property investors.

The website features a search-by-postcode database, which enables property investors to search for a range of property specialists, such as financial planners, mortgage brokers, accountants, property investment advisers and buyers agents.

Ben Kingsley, chair of PIPA, said the new website is designed to help PIPA members capitalise on the very strong investor market.

Fri
15 Nov
2013

4 questions to ask yourself before buying property through super

Self-managed super funds can be a great way to build wealth, but they are not for everyone. While there has been a lot of attention lately, particularly in buying property through an SMSF, there are questions you should ask yourself before deciding to set one up.

Fri
15 Nov
2013

Next capital city to boom

Brisbane will be the next Australian capital city to take off, according to a panel of property experts.

Speaking at a recent Smart Property Investment roundtable, Propertyology's Simon Pressley, Destiny Financial Solutions' Margaret Lomas, property lecturer and author Peter Koulizos, Empower Wealth's Ben Kingsley and ProSolution Private Client's Stuart Wemyss all agreed Brisbane would be the best performer over the next two to four years.

Mr Pressley said it would be "Brisbane by a mile". However, Mr Wemyss contended Sydney would remain a top performer.

Thu
07 Nov
2013

ASIC warns agents on SMSF licencing obligations

The corporate regulator has warned the real estate industry on the licensing obligations of agents involved in SMSF property investments.

The Australian Securities and Investment Commission (ASIC) yesterday announced it is working with the Real Estate Institute of Australia (REIA) to ensure real estate agents understand their legal obligations when dealing with SMSFs.

ASIC has written to the REIA, the state and territory real estate institutes and property investment associations outlining its concerns and requesting the real estate bodies pass these on to members.

Wed
30 Oct
2013

PIPA intensifies fight against property spruikers

The Property Investment Professionals of Australia (PIPA) has continued its push for a more professional property investment industry with a string of new measures and initiatives.

The measures include the launch of a new website and new anti-spruiking advertising campaign, as well as a strengthened fee and commissions disclosure policy for its members.

According to PIPA chair Ben Kingsley, the actions form part of the association's ongoing pledge to create a more professional property investment industry.

Wed
30 Oct
2013

DIY investors 'disadvantaged'

Novice property investors should always seek advice to avoid making disastrous financial decisions, industry leaders have urged.

Property investment professionals at the Smart Property Investment/PIPA Roundtable agreed "mum and dad" investors were unlikely to make the best possible choices without advice.

Margaret Lomas of Destiny Financial Solutions said many Australians believe property is a do-it-yourself investment.

Wed
30 Oct
2013

Property investment space still a haven for spruikers

Underhanded practices remain rife in the property investment sector, with little help available to distinguish reputable dealers from spruikers, an industry body believes.

The Property Investment Professionals of Australia (PIPA) has renewed its call for sector-wide regulation following the election of the new government, saying unscrupulous dealings remain one of the industry's biggest challenges.

"Unfortunately, as long as property investment remains unregulated, Australian investors will remain at the mercy of profiteering property spruikers," PIPA chair Ben Kingsley said.

 

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