PIPA In the News

Mon
10 Sep
2018

The truth for first time investors

There's no escaping it - buying your first investment property will become a benchmark moment in your life.

It's an instant full of risk and excitement signposting the start of a real estate journey that will hopefully end in building a successful and profitable portfolio.

In my experience, first-time investors tend to fall into one of two camps.

The first group is mostly under 30-year-olds, predominately single and raring to get into it.

This cohort is primed to perform and full of confidence – and they see plenty of upsides right from the start.

The second group is usually those older than 30 who already have a house or a little cash or equity and are looking to lock in their future financial comfort.

No matter which profile the investor comes from, first-timers need to comprehend a few basics to get them on the path to real estate success.

Sat
08 Sep
2018

New laws protect renters

Victorian renters will enjoy the strongest protections in the country from July 2020, after the Andrews government's highly-anticipated rental reforms passed Parliament late on Thursday night.

The rest of the country will be watching Victoria to see how implementing the laws over teh next two years will play out, says Wendy Stones, associate professor at Swinburne University's Centre for Urban Transitions.

"Victoria is at the forefront of private rental tenancy reforms in all of Australia," she said.  "For tenants there's an urgent need for reform."

The next two years were shaping up to be a messy implementation period, because investors were already less than thrilled with the news.

"Property Investment Professionals of Australia are surprised by the urgency of the Andrews government to rush through this legislation," chairman Ben Kingsley said. "We can't help but feel it's more political than suitable for the rental market.

Fri
07 Sep
2018

Report reveals Perth suburbs on the rise

The City of Stirling is Perth's standout market, with 10 of its suburbs experiencing growth, a new survey has found.

The latest Price Predictor Index released by hotspotting.com.au shows that City of Stirling suburbs – including Carine, Doubleview, Gwelup, Innaloo, Joondanna, Woodlands and Tuart Hill – had rising markets, with another nine suburbs recording consistent sales.

South of Perth, the City of Melville had seven growth suburbs including Attadale, Bicton, Booragoon, Kardinya, Melville and Palmyra where sales activity is rising steadily.

The far northern municipalities of Wanneroo and Joondalup also showed growth in some suburbs, the analysis found.

The report also showed suburbs in the Cockburn local government area experiencing growth, including Bibra Lake, Coolbellup, North Coogee and Spearwood.

Mon
03 Sep
2018

WA government policy undercuts resilient property

An interesting email hit my inbox regarding the resilience of Western Australia's property sector, not long after the state opposition reignited debate over the appropriateness of applying a tax to foreign buyers of residential property.

The email contained the results of a 30-year study on Australian capital city real estate markets, singling out which cities were the hottest performers across five-year market cycles.

What stood out was that Perth had the best five-year period (between 2003 and 2007) of any city over the study, driven by record population growth flowing from the mining investment boom.

During that time, property prices in Perth increased by 140 per cent, the Property Investment Professionals of Australia study showed.

Thu
30 Aug
2018

High expectations of new prime minister

The Property Investment Professionals of Australia (PIPA) announced that they are looking forward to working with Scott Morrison to regulate the provision of property investment advice, after it was formalised on Friday that the country's treasurer is set to become the new Prime Minister.

PIPA noted that it had already raised the matter, alongside their input on the importance of property investment, with Morrison during his tenure as the Federal Treasurer.

While this shows some progress as far as the sector is concerned, PIPA chairman Peter Koulizos said that the property investment profession as a whole hoped that a period of political stability would allow a more significant discussion on the matter.

Fri
24 Aug
2018

Leadership verdict handed down: What it means for you

The Liberal Party's discombobulating machinations have spat out a result and a new leader, but what will it mean for you?

Following today's vote, current federal Treasurer Scott Morrison will be Australia's new Prime Minister, marking the end of Malcolm Turnbull's leadership. Australia has not seen a prime minister finish their term since 2007.

The decision follows a roller-coaster week in Canberra with key ministers, including assistant minister to the treasurer Michael Sukkar, resigning.

Despite Roy Morgan polling revealing Julie Bishop was the easily preferred prime minister as of this morning, Treasurer Scott Morrison has received the most support within the Liberal Party.

Fri
24 Aug
2018

New PM announced: Industry experts reveal what it means for investors

Current federal treasurer Scott Morrison will be Australia's new prime minister, marking the end of Malcolm Turnbull's leadership.

Mr Morrison's deputy will be Josh Frydenberg.

Industry figures are divided as to what this could mean for property in Australia.

Fri
24 Aug
2018

Our new PM: Experts reveal what it means for the real estate industry

The news is finally out, and now we know that the current Federal Treasurer Scott Morrison will be Australia's new Prime Minister, marking the end of Malcolm Turnbull's leadership.

Industry figures are divided as to what this could mean for property in Australia.

Malcolm Gunning, president of the Real Estate Institute of Australia, said that the new Morrison-led government will need to focus on unwinding APRA regulations, as he suggested personally to a member of the Liberal government.

Thu
23 Aug
2018

30 years of champion markets show how property love is shared: PIPA

A comprehensive study by the Property Investment Professionals of Australia (PIPA) has revealsed how Australian property markets share the love around.

PIPA conducted a 30 year retrospective study of Australian capital city real estate to identify which cities were the hottest performers across each market cycle.

Chairman Peter Koulizos said that the research showed that no capital city market is the nation's top performer indefinitely.

"The facts prove Aussie investors and home buyers over the past three decades have made solid returns across almost every capital city, depending on their ability to buy at the right time," the chairman said.

Thu
23 Aug
2018

Dutton government and property: What should investors know?

The possibility of a government led by Peter Dutton is growing increasingly likely, so it's worth thinking about what a change in leader could mean for the Australian property market and property investors.

Plenty of discussion in the mainstream media has shown that there is a possibility of a change of leadership in the current government. Mr Dutton is being viewed as the most likely candidate to replace Prime Minister Malcolm Turnbull, resulting in a general state of confusion as to what a government led by Mr Dutton could mean for the country.

One aspect of this confusion is what it could mean for property investors. To clear this up, Nest Egg sister title Smart Property Investment spoke with experts to try to clear up any potential confusion for property investors.

According to Peter Koulizos, chairman of the Property Investment Professionals of Australia, Mr Dutton's stance on property investment is not fully known and, as such, investors need to wait and see what the effects of his leadership can have on property.

 

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