PIPA In the News

Fri
25 Nov
2016

Treading carefully

If you're a broker looking to incorporate property investment advice into your service proposition, make sure you are equipped to do so, writes Ben Kingsley, chair of the Property Investment Professionals of Australia (PIPA)

While investment activity may ebb and flow, property investment has become a part of the Australian culture.  There will always be active investors, even when the broader market may quieten, and brokers know this better than most.

PIPA's 2016 Investor Sentiment Survey showed that 65% of investors secured their last investment loans through a broker, and 71% plan on securing their next investment loan through a broker.  This is welcome news to brokers' ears, even if it is hardly surprising given over half of all mortgages are now written by mortgage brokers.

Sun
06 Nov
2016

Investors join call for regulation

More and more investors are joining the call for the property investment industry to be regulated.

The 2016 PIPA Investor Sentiment Survey found that the vast majority of investors believe the provision of property investment advice should be underpinned by relevant legislation.

Although investors are becoming more sophisticated – with 31 per cent of survey respondents having a set strategy for investing – 87 per cent consider that more investment education about the risks and potential benefits of investing in property is needed.

Even higher numbers, at 89 per cent, believe that the property investment industry should be regulated and licensed in the same way as many other professionals.

Tue
01 Nov
2016

Melbourne Meltdown?

The rise and rise of new Melbourne units has continued unabated for the best part of five years but now that it's valuation time, many aren't stacking up price-wise.

Developers seem to have a habit of getting over-excited and pushing out unit product until the market is saturated and suffers price falls. It's happened before in Melbourne and it will happen again but the big difference today is that many of the overseas buyers have reportedly done a disappearing act on their contracts.

Thu
27 Oct
2016

Brokers look to property investment advice

A property investment industry association has said mortgage brokers are increasingly undertaking property investment advice training to help service their clients.

The Property Investment Professionals of Australia (PIPA) has said that over the year to September 2016, the number of students enrolled in its Qualified Property Investment Adviser (QPIA) course increased by 36 per cent, with 233 students currently enrolled in the specialist qualification.

According to PIPA chair Ben Kingsley, more practitioners, including brokers, are seeking to incorporate qualified property investment advice into their service offering, despite the fact that the provision of property investment advice continues to go unregulated by the federal government.

Tue
25 Oct
2016

Financial planners look to property advice

Financial planners are among a range of practitioners increasingly seeking to gain a qualification in property investment advising as demand from clients increases, an industry body has found.

In a statement yesterday, the Property Investment Professionals of Australia (PIPA) said the number of students enrolled in its Quality Property Investment Adviser course had increased 36 per cent over the year to September.

PIPA chair Ben Kingsley said there were several catalysts driving the surge in enrollments.

Fri
21 Oct
2016

More practitioners seek property investment advice qualification: PIPA

 With the provision of property investment advice continuing to go unregulated by the Federal Government, the Property Investment Professionals of Australia (PIPA), is experiencing strong demand for its property investment advice course as practitioners from a range of backgrounds seek to incorporate qualified property investment advice into their service offering.

Over the year to September, the number of students enrolled in PIPA's QPIA (Qualified Property Investment Adviser) course increased by 36 per cent, with 233 students currently enrolled in the specialist qualification.

PIPA Chair Ben Kingsley said it was encouraging to see professionals opting to proactively increase the professionalism of the property investment industry.

"Although property investment advice still remains unregulated, we are committed to driving higher standards to protect consumers and ensure they benefit from the wealth creation benefits that well-selected, strategic property investment can bring.

Wed
12 Oct
2016

Sydney no longer investors' top choice

After four years of booming house prices, Sydney is no longer hailed as the best place to buy and invest in Australia, according to a survey of 1000 property investors by the Property Investment Professionals of Australia (PIPA).

With the median house price in Sydney hitting $1,021,968, many investors now see it as too expensive.

"Affordability will always be a key factor for investors and right now Sydney is hitting price points that are unprecedented," said Buyside property investment specialist Josh Masters.

Mon
10 Oct
2016

Just one in 10 investors think Sydney is the best place to buy

Just one in 10 investors believe Sydney is the best place to buy in Australia, a new survey shows. Experts say the city is too expensive, even for property moguls, and they’re buying in Queensland instead.

After years of booming prices, property in the harbour city is no longer at the top of investors’ wish lists, a survey of 1000 property investors by the Property Investment Professionals of Australia (PIPA) found. 

But the appetite for real estate hadn’t waned – 71 per cent still believed it was a good time to invest in property.

Mon
10 Oct
2016

Property investors snub Sydney for Brisbane real estate

Investors are snubbing houses in Sydney for Brisbane's higher rental returns, according to a recent survey quizzing those already on the property ladder.

Property Investment Professionals of Australia (PIPA) reached out to over 1,000 property investors, and half of them expressed that Brisbane was their preferred place to buy. Only a mere 11% believed Sydney was worth it.

"Property investors are becoming more savvy. Many of them continue to look outside of our biggest property markets - Sydney and Melbourne - which are coming close to the peak of their cycles," said PIPA Chair, Ben Kingsley.

Sat
08 Oct
2016

Property spruikers targeting vulnerable consumers with dodgy-rent-to-buy-schemes

AUSTRALIANS more than anyone understand the desire to own your own home. It’s your castle.

But property spruikers who prey on these desires, and leave The Great Australian Dream devastated, are on the rise and ripping people of their life savings in what a new report labels ‘The Black Housing Market’.

The Consumer Action Law Centre’s (CALC) report Fringe dwellings: The vendor finance and rent-to-buy housing black market, highlights the devastation caused by dodgy rent-to-buy property deals, and is calling for major law reform to protect consumers.

“These black market housing schemes promise the Australian dream of home ownership without a bank loan,” said Gerard Brody, CALC CEO.

 

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