PIPA In the News

01 Jan

Opinion with PIPA

Full disclosure of fees and commmissions is never a given in an unregulated market, explains Ben Kingsley

Any successful relationship relies on trust and honesty – and the same can be said of property investment.

In the absence of regulation in the property investment space, however, the prospects of trust and honesty aren’t always guaranteed.

The Property Investment Professionals of Australia (PIPA) has long advocated the regulation of the property investment industry, as we believe investing in property should be recognised as equivalent to investing in shares or any other financial product.

16 Dec

Be picky with your partners

Diversification is the new norm of mortgage broking. And if you don't want to offer a certain ancillary service in-house, referral partnerships are a great way to deliver that more holistic client service offering. But how do you choose a good referral partner?

I'm often surprised to learn about how many referral partnerships come to fruition – and by surprised, I mean alarmed.

In an industry where reputation is everything and repeat business is worth its weight in gold, selecting referral partners requires careful consideration and strategy.

06 Dec

Should you list before Christmas? The experts have their say

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


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.

01 Dec

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.

28 Nov

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.

20 Nov

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.

15 Nov

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.

15 Nov

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.

07 Nov

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.

30 Oct

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.


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