PIPA In the News

15 Nov

Industry body calls for review into property investment advice

Property Investment Professionals of Australia is calling on ASIC and the federal government to regulate property investment advice following a raft of news reports highlighting questionable property spruiking practices.

Reports that investors are losing millions of dollars after being cheated by property marketeers selling dubious properties under the guise of 'independent financial advice' have dominated headlines in recent weeks.

In particular, concerns are mounting for investors who are being encouraged to set up self-managed super funds (SMSFs) as vehicles for property investment.


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