PIPA In the News

Thu
04 May
2017

Land costs issue for affordability

The cost of developing land needs to be reduced to properly address housing affordability, according to the chief executive of the Master Builders Association.

Housing affordability has become one of the key issues in the lead up to this week's federal budget, with changes to negative gearing and allowing first home buyers to buy homes with their superannuation two of the most debated potential policy changes.

However, the new chief executive of the Master Builders Association, Denita Wawn, said the biggest contributor to rising costs of housing was the cost of developing land.

Wed
03 May
2017

Regulation, training vital in property advice

Property Investment Professionals of Australia (PIPA) has called for greater regulation of direct property investment advice with the introduction of minimum qualification standards that would help protect first homebuyers and remove spruikers from the market.

With the federal government flagging housing affordability as a key priority ahead of the budget next week, PIPA chair Ben Kingsley said property should not be treated as the "perfect panacea" for wealth creation in Australia, and the onus was on government and regulators to develop sensible policies and educate retail investors about the real risks of property investment.

"The main fundamental [problem] here is that there are people who are getting into property investment at the moment believing that it is the bees knees of all investing," Kingsley told financialobserver.

Wed
03 May
2017

What you can expect from the 2017 Federal Budget

It's been 12 months since treasurer Scott Morrison's first Federal Budget and it's interesting to look back at what the main measures were and how they were received.

Morrison's changes to the superannuation rules were by far the most significant measures of the last Budget. Despite being met with criticism, the lifetime cap of $1.6 million and the new contributions caps were passed in the senate and are set to become reality on July 1.

Tax reform was the other big aspect of the 2016-17 Federal Budget with Morrison announcing tax cuts for small- and medium-sized businesses.

This was planned to eventually roll out to businesses of all sizes but has since been met with extensive push back in the senate.

Tue
02 May
2017

Critical time for housing measures: PIPA

With the 2017 Federal Budget looming, the Property Investment Professionals of Australia (PIPA) is urging the government to take a sensible approach to housing affordability policy.

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 held discussions on housing affordability with government representatives in April.

He said the association 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.

Tue
02 May
2017

Greater education around property investment needed

The Property Investment Professionals of Australia (PIPA) has urged the government to take a sensible approach to housing affordability policy in light of the looming 2017 federal budget, saying it was now a critical time for implementing new housing measures.

According to the PIPA, the government would need to adopt sensible measures that would reflect the national market needs, rather than making any 'radical changes' such as axing negative gearing and SMSF property investment.

In April PIPA welcomed the federal government's decision to rule out changes to negative gearing, hoping this would be one of the measures designed to help address affordability issues both on the buying and renting sides.

Tue
02 May
2017

PIPA welcomes negative gearing decision, urges government to tackle affordability "sensibly"

Property Investment Professionals of Australia (PIPA) has welcomed the federal government’s decision to rule out changes to negative gearing, while also urging the government to take a sensible approach to housing affordability policy.

The latest housing finance figures show that house prices are on track to continue to rise faster for at least another six months, while a speech by the treasurer suggests the government will shy away from touching negative gearing in the May budget.

The latest housing finance figures from the Australian Bureau of Statistics showed a big drop in investor finance in February of 5.9%.

Thu
27 Apr
2017

Home buyers who could 'never afford to buy' get into market one brick at a time

Soaring property prices in Sydney and Melbourne have left many feeling priced out of home ownership. But some are getting in without spending thousands of dollars on a deposit – instead, they may need to spend only $100.

Take Tegan Lawson, 33, a renter in Clovelly and a single mum.  She now owns real estate in Bondi, Annandale, Double Bay and Enmore.

But she doesn't have huge mortgages nor does she own the properties alone. Rather, she owns shares in the homes using a fractional investment platform that allows her to buy with many other property investors she's never met.

While shared ownership in this way isn't the traditional method of getting a foot on the ladder, Ms Lawson says it's the only way she could afford a slice of Sydney real estate.

Mon
24 Apr
2017

PIPA Chair Ben Kingsley answers your investment questions: Finder.com.au Money Podcast #18

On this episode of the finder.com.au Money Podcast, we welcome Ben Kinglsey, chair of the Property Investment Professionals of Australia and co-host of the Property Couch podcast. 

Also, Lisa, Adam and Marc chat through big developments in the housing market, changes to 457 visa rules and finding hidden treasure in your local cafe.

Listen or download the episode by clicking here

Picture Finder.com .au-money-podcast-episode-18-content-feed

Thu
06 Apr
2017

Brokers are 'elite money managers', says PIPA chair

The chair of the Property Investment Professionals of Australia has said that mortgage brokers are "elite money managers" and would "love to see" more brokers become qualified to give property advice.

Speaking to The Adviser's Elite Broker podcast, PIPA chair and founder of Melbourne-based property and financial investment firm Empower Wealth Ben Kingsley said that diversification has been a key point of success for his company, and would like to see more brokers take up property advice and financial planning.

Mon
03 Apr
2017

How diversification led to Ben Kingsley's business success

In this episode of Elite Broker, The Adviser talks to Empower Wealth founder Ben Kingsley about his origins in the broking industry, how he set up his own business and became a qualified property investment adviser, and the advice he has to offer brokers looking to diversify and differentiate themselves from their competitors in the industry.

Find out how this broker:

  • Began in finance with a tourism background
  • Researched asset classes before settling on property
  • Set up multiple businesses under Empower Wealth

 

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