PIPA In the News

Fri
02 Jun
2017

Investor shares his approach on 'asset protection'

Ben Kingsley is regarded an expert in the field of property investment, having spent years not only as a successful investor but also as a trusted adviser.

However, Ben admits that like most investors, he still worries over his action plan and strategies, and whether they are working to help him maximise the benefits he could reap from his investments.

Aside from continuous education, he cites his wife and financial professionals as vital factors in his asset protection.

Tue
30 May
2017

Fractional investing brings new opportunities

While the federal government's First Home Super Saver Scheme formed the centrepiece of the 2017 budget in terms of its implications for younger Australians, the emergence of fractional property investment platforms represents an altogether different solution for addressing the issue of housing affordability.

That is the view of Property Investment Professionals of Australia (PIPA) chair Ben Kingsley.

Speaking to financialobserver, Kingsley said the rise of fractional investment groups such as DomaCom and BrickX represented a compelling proposition for Australian retail investors when it came to tapping into the property market as first homebuyers.

Thu
25 May
2017

Bank disruption, merger mayhem and the craziness of negative gearing

It's a troublesome time for banks. And it's not just because of the proposed bank levy. Banks are ripe for disruption and the disrupters are coming.

Neo-banks are popular in the UK and the US. Eric Wilson is at the helm of Xinja, a neo-bank that allows users the security and top-notch customer of the real deal but everything is within an app.

If that wasn't enough of a challenge to the banks, Alex Pollak explains the Revised Payments Service Directive that's already set for the UK and Europe from next year. It forces banks to open their platforms to non-bank competitors and it's sure to make it's way here before long.

Now that Fairfax has a for sale sign, it seems more mergers and acquisitions are popping up on a daily basis, but is it merger mayhem or all in our minds?

And using negative gearing as an investment strategy sounds like a great idea (think of all those tax cuts) but property expert Ben Kingsley says it's just crazy.

Mon
22 May
2017

The Property Impact

The coming changes to the superannuation rules will impact on just about every aspect of SMSFs. Ben Kingsley takes a look at the implications for property investments.

In November 2016, legislation was passed that will reform Australia's superannuation sector from 1 July this year.

According to Treasury, the Superannuation (Objective) Bill 2016 sets out a clear objective for superannuation "to provide income in retirement to substitute or supplement the age pension".

Some of the measures reduce previous concessions for super account holders with high balances, while others are designed to assist low-income earners, the partially self-employed and retirees.

Mon
15 May
2017

PIPA: New housing measures are "well-considered"

The Property Investment Professionals of Australia (PIPA) has welcomed the federal government's "well-considered" measures to addressing the housing supply and demand-side issues, as revealed in the 2017-18 federal budget.

As the premier body for the property investment industry, PIPA has long campaigned for greater education around property investment, as well as the regulation of property investment advice. PIPA remains dedicated to "supporting a healthy, sustainable property investment industry" in Australia.

Benjamin Kingsley, chair of PIPA, said the association welcomed the federal government's decision to continue the sensible approach to negative gearing and retain capital-gains tax discounts for Australians.

Wed
10 May
2017

Will budget super saver scheme push up property prices?

Will the first-home super saver scheme push up prices?
Ben Kingsley, chair of Property Investment Professionals of Australia and founding director of Empower Wealth

First-home buyers should welcome the federal government's new superannuation savings scheme, which will provide income tax reductions to help them save a deposit for their first home. From July 1 this year, aspiring buyers can contribute up to $15,000 a year into their super accounts. The maximum for each first-home buyer will be set at $30,000, with the first withdrawals permitted from July 1, 2018.

But what will happen to house prices? Given the large focus on our two biggest markets – Sydney and Melbourne – some commentators will argue that this will add to the demand side of the ledger and push prices higher.

Wed
10 May
2017

PIPA welcomes housing affordability package in Federal Budget

The Property Investment Professionals of Australia (PIPA) welcomes the federal government's well-considered measures to addressing housing supply and demand side issues as revealed in the 2017-18 Federal Budget.

As the peak body for the property investment industry, PIPA has long campaigned for greater education around property investment as well as regulation of property investment advice and remains dedicated to supporting a healthy, sustainable property investment industry.

PIPA chair Ben Kingsley said the association welcomed the federal government's decision to continue the sensible approach to negative gearing and retain capital gains tax discounts for Australians.

Wed
10 May
2017

Federal Budget 2017: Industry reaction

Super

From the Treasurer, Scott Morrison:

On the demand side, for those who are trying to save to buy their first home, we will support them by providing a tax cut on their first home deposit savings.

First home buyers will be able to save for a deposit by salary sacrificing into their superannuation account over and above their compulsory superannuation contribution from July 1.

The First Home Super Savers Scheme will attract the tax advantages of superannuation. Contributions and earnings will be taxed at 15 per cent, rather than marginal rates, and withdrawals will be taxed at their marginal rate, less 30 percentage points.

Thu
04 May
2017

PIPA urges government to adopt 'sensible' measures

Ahead of next week's federal budget, PIPA has called on the government to consider housing affordability strategies that reflect the country's market needs, rather than "radical changes" like axing negative gearing.

Property Investment Professionals of Australia chair Ben Kingsley – who held discussions on the issue with government representatives in April – says the association welcomes the federal government's decision to rule out changes to negative gearing.

He said he is hopeful this decision reflects a more measured approach to addressing affordability issues for both buyers and renters.

Thu
04 May
2017

PIPA urges sensible approach to housing affordability

Property Investment Professionals of Australia (PIPA) has urged the government to take a sensible approach to housing affordability policy, following its discussions with government representatives in April and ahead of the 2017 Federal Budget.

As the peak body for the property investment industry, PIPA has emphasised that regulation and education remained key.

PIPA chair Ben Kingsley welcomed the federal government's decision to rule out changes to negative gearing and hoped this was reflective of a well-considered approach to addressing affordability issues both on the buying and renting sides.

 

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