PIPA In the News

Fri
11 Sep
2015

Higher rates for investors the right thing, says major bank

A high-level official of one of Australia's biggest banks believes banks are doing the right thing by hitting investors with higher interest rates compared to owner occupiers.

NAB's head of personal banking Gavin Slater said it made sense for investors to face higher interest cost than home owners due to their differing priorities.

Following the recent efforts by APRA to slow down investor lending, a number of banks have responded by hiking rates on investor loans. The increases have been mostly around 0.3% and were described as "unfair" by the Property Investment Professionals of Australia (PIPA).

Mon
07 Sep
2015

Cracking down on the investment crackdown

Changes to investment lending policies have been happening so fast they can leave your head spinning.  But what are the broader ramifications of these changes in the mortgage market, how can they affect your business and your clients, and how can you adapt?

There needs to be a real open conversation around the benefits of property and who is appropriate to be investing in property   

Thu
03 Sep
2015

Property Loans: rise in bank rates may have unintended results

The banks' recent increase to property investors' lending rates may motivate borrowers to instead seek owner-occupied loans to arbitrage the rising difference in cost between the two types of loans.

Bankers say investors could pose as owner-occupiers to get a better mortgage deal

Thu
03 Sep
2015

Fears borrowers may have a lend of banks

The banks' recent increase to property investors' lending rates may motivate borrowers to instead seek owner-occupied loans to arbitrage the rising difference in cost between the two types of loans.

Banking sources concede that investors could pose as owner-occupiers to get a better mortgage deal 

Mon
31 Aug
2015

Home Sweet Home

The prospect of buying a first home in today's market can be daunting - especially given high prices and competition for desirable properties.  Here's what to consider before you start the search...

5% of the market in Australia are first time buyers compared to 10% ten years ago 

Mon
31 Aug
2015

Old or new, it's up to you

Each housing type has its financial pros and cons and will attrack its particular group of tenants ... 

Fri
07 Aug
2015

Look at Property - Property Spruikers Named & Shamed

More than 86 property spruikers have been nabbed in a co-ordi­nated effort to stop promoters duping investors with unfair rent-to-buy schemes and "free" investment seminars.

Kevin talks to Ben Kingsley, Chair of Property Investment Professionals of Australia, about the findings, the culprits and how you can protect yourself against these schemes:

Property Spruikers Named and Shamed

Thu
02 Jul
2015

Counterpoint

Ben Kingsley, chairperson of the Property Investment Professionals of Australia, likes the idea of property portfolio success, but says those seeking fast equity need to be across the risks.

"In theory the idea of growing equity too fast sounds like a problem we'd all like to have becuase it indicates that the value of the property has increased, or we've been able to reduce the debt on the property quickly.

"If I think about the ways in which equity can be generated quickly one of the first stategies that comes to mind is renovating to add value. This is an active hands-on strategy that has been popular for many, but it does come with challenges and risk.  The biggest risk of all is investing extra funds into a property but getting no equity harvest in return.  The other great danger is taking too long and overcapitalising on the property compared to other properties within the area.

Thu
02 Jul
2015

Staying safe from property sharks

Nothing is guaranteed when investing.

I'm constantly amazed by the marketing materials and messages telling us how simple and easy property investing is. This occurs because the property investment industry is unregulated so these spruikers can get away with unsubstantiated claims of big returns, while glossing over all the serious and important details and potential risk involved. 

The good news is they're easy to spot

 

With so much money on the line  for anyone investing, for me the biggest scammers claim they can teach you all about property investing in just a couple of hours or over a weekend 'boot camp' course. If it was that simple and we were all guaranteed to make money, why wouldn't absolutely everyone do it?

Thu
02 Jul
2015

When it's too good to be true

Too many hardworking investors have been conned out of their life savings by scheming property con jobs. Instead of getting stitched up by a swift-talking swindler, learn their tricks to keep you and your money safe...

  • The Money Trail
  • Are they professional and reliable operators?
  • "Free" Education workshop
  • Too brief
  • Deadline pressure
  • Cash incentives
  • Rent guarantees
  • SMSF sharks
  • Safe investing tips

 

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