PIPA In the News

Wed
17 Oct
2018

Central bank sounds warnings over further credit tightening

Australia's banks could change and tighten their credit policies even further, as the aftershocks of the royal commission's interim report make their way through the banking sector.

In minutes from its October board meeting, the Reserve Bank of Australia (RBA) said that despite moves from lenders to tighten lending policy in anticipation of the findings of the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry, it is "possible" that further tightening is introduced off the back of the release of the commission's interim report.

The RBA acknowledged that lending standards had become "tighter than they had been a few years previously", which it said "reflected the introduction of supervisory measures to help contain the build-up of risk in household balance sheets".

Wed
17 Oct
2018

Expect losses if you buy an apartment in Adelaide: property expert

Buying an apartment in Adelaide might offer a "hassle-free" lifestyle, but expect to lose a lot of money when you go to sell it, a property investment expert has warned.

People who bought apartments in three Adelaide developments about a decade ago made huge losses when they sold them, new data shows.

Those who bought apartments at 185 Morphett Street in the CBD, Liberty Towers at Glenelg or Newport Quays in Port Adelaide about a decade ago lost an average $166,000 when they eventually sold them again, according to CoreLogic data provided to InDaily by Property Investment Professionals of Australia chair Peter Koulizos.

At the most extreme end of the losses, one buyer spent $947,650 on a Newport Quays apartment in May 2009, only to sell it early this year for $535,000 – a loss of more than $400,000.

Fri
12 Oct
2018

Best places to invest in Brisbane property

PICKING the right city is more important than the right suburb if you want to make good money from property investment.

That's a key lesson learned from a fresh study of the past decade of house price performance.

Property Investment Professionals of Australia chairman Peter Koulizos examined 10-year home price movements across thousands of suburbs and towns and discovered key trends that can help investors make decisions.

For example, don't always follow the old saying that prices double every 10 years. Home prices in once-booming mining towns including Port Hedland, West Gladstone, Roxby Downs and Newman are still more than 40 per cent below their levels of a decade ago, the research found.

Tue
09 Oct
2018

Top property lecturer reveals his best lessons

This property lecturer of over 10 years shares four constants every property investor should be aware of when building their portfolio.

Peter Koulizos, lecturer at the University of South Australia and chairman of the Property Investment Professionals of Australia, who has been lecturing on property for over a decade, has identified three elements of the market that have managed to stay consistent.

His first observation that has remained true: houses are typically better performers than units.

"For example, in Melbourne, this is where it was most striking, I picked 202 suburbs that should do well, and each of those 20 suburbs, houses increased more than units: 20 out of 20," Mr Koulizos said to Smart Property Investment.

Mon
08 Oct
2018

Study reveals best suburbs, towns to invest in property

Picking the right city is more important than the right suburb if you want to make good money from investing in property.

That's a key lesson learnt from a new study of the past decade of house price performance.  Property Investment Professionals of Australia chairman Peter Koulizos examined the 10-year price movements of homes across thousands of suburbs and towns and found trends that can help investors make decisions.

For example, don't always follow the old saying that prices double every 10 years.  Prices in once-booming mining towns - including Port Hedland, West Gladstone, Roxby Downs and Newman - are still more than 40 per cent below their levels of a decade ago, the research found.

Thu
04 Oct
2018

Property investors undeterred by finance issues

A growing majority of Australian property investors say 2018 was a better time to invest than 2017 despite the issues confronting the country's finance sector and the market slowdown in Sydney and Melbourne, according to a new survey.

Based on the insights of 820 property investors, the 2018 Property Investment Professionals of Australia (PIPA) Property Investor Sentiment Survey shows that over 77% of respondents "think now is a good time to invest in property, with 52% looking to purchase a property in the next six to 12 months".

However, 48% of investors said changes in investor policies affected their ability to secure finance for an investment property. The survey also found that potential changes to negative gearing and Capital Gains Tax policies are a growing concern, with 45% of respondents open to reconsidering their future investment plans due to proposed changes.

Thu
04 Oct
2018

City losing its appeal to investors

Investors should focus their house hunting on areas outside of Hobart or in Launceston, a property expert says.

Property Investment Professionals of Australia chairman Peter Koulizos believes there are still strong housing investments in Tasmania.

However, a new national PIPA survey of property investment professionals has found that only 4 per cent of respondents considered Hobart to have the country's best prospects.

Mr Koulizos said Hobart was still intriguing.

Thu
04 Oct
2018

Hobart: Still plenty of interest, investments to be made

A SURVEY of investment professionals preferred Brisbane to any other city for investor prospects, but where did Hobart rank?

ONLY 4 per cent of property investment professionals have named Hobart as the capital city with the best investment prospects, a new survey has revealed.

However, Property Investment Professionals of Australia chairman Peter Koulizos said there was still plenty of interest in Hobart, and smart investments to be made near the city and throughout the state.

"The intrigue is still there, but it appears to be waning," he said.

"In recent times we saw huge growth in Hobart property prices, but those increases are not as good this year compared to last year.

"Of course the good times don't last forever, and Hobart has experienced very good times of late."

 

Wed
03 Oct
2018

Property market update: Melbourne, September 2018

Despite the softening of the property market in Melbourne, consumer confidence remains strong in Victoria's capital city, inspired by a high demand for dwelling and a strong local economy. Is the positive sentiment well-placed or utterly misguided?

After experiencing a solid property boom in the past years, the markets of Sydney and Melbourne—once Australia's largest and most lucrative—have entered the softening phase.

However, several investors are unfazed by the investment issues faced by the capital cities today, from lending to affordability. Some investors even believe that the current times present better wealth-creation opportunities compared to the previous year.

According to the Property Investor Sentiment Survey conducted by the Property Investment Professionals of Australia (PIPA), 77 per cent of more than 800 property investors are more than willing to continue investing in real estate, up from last year's 71 per cent. 

Wed
03 Oct
2018

Pet ownership front and centre again, now in Queensland

Pet ownership is in the spotlight again, this time in Queensland, as the government there has announced a consultation period on reforming rental laws which could change how minor modifications, pet ownership and inspections and repairs happen in rental properties, following in the footsteps of Victoria and NSW.

Publicised on Sunday, the announcement was the start of the Queensland government's "Open Doors to Renting Reform" consultation process. It aims to reform the way people who live in Queensland, or own property in Queensland, experience the rental market.

From this week, the start of this process will see renters, landlords and real estate agents contacted to express their opinions on renting in the state.

Announcing the intention to reform the rental laws, Premier Annastacia Palaszczuk said that it was time to update the state's tenancy laws as the last review took place in the 1970s. 

 

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