PIPA In the News

Tue
27 Dec
2016

It may not hit the boomtime peaks of 2013, but a survey of property analysts shows most are predicting solid growth in the price of houses in 2017.

It's a different story for apartments, and indeed for all property in "gloomtime" cities Perth and Darwin where analysts have consistentlypredicted more price falls.

But if you're in a house in Sydney or Melbourne, you can rest easy. After four strong years in which prices in Sydney and Melbourne grew by 67 per cent and 46 per cent respectively, according to research house CoreLogic, it seems we haven't reached the end of the run just yet.

"We literally had our biggest week this year in numbers and value in mid December," said buyer's agent Simon Cohen of Sydney firm Cohen Handler.

"I think the market will remain pretty strong."

Mon
26 Dec
2016

IT IS so close to the summer break you can smell the salty air and taste the piña coladas.

If you're heading to the beach these holidays, as many Aussies will, it is easy to be seduced by the lifestyle of these coastal tourist hot spots — and wonder why you haven't already bought an investment property there.

But before you start furnishing your new beach pad in your head and dreaming of endless summer holidays, investing in a tourist hotspot may not be such a wise idea.

Ben Kinglsey, chair of Property Investment Professionals of Australia (PIPA) said investors should be warned about making decisions with rose-coloured glasses.

Thu
01 Dec
2016

The hardest part of buying your first property is saving the deposit.

Prospective homeowners in Queensland have the benefit of more affordable property prices, but it still takes discipline to pull together that all-important down payment.

According to Mortgage Choice's 2016 First Home Buyer Survey, it takes about two years for two-thirds of Queensland-based first homebuyers to save a big enough property deposit.

It takes discipline to pull together a home deposit

 

 

Sun
27 Nov
2016

Whenever residential property prices skyrocket, some investors start to wonder whether they should turn their attention to commercial instead.

House prices in Sydney and Melbourne are sitting at record levels, and rental yields are being squeezed, in some cases to just 2 per cent, but does that mean commercial real estate makes a better investment?

According to the experts, small investors need to recognise that the capital growth prospects of commercial and residential investing can be poles apart and that commercial is an asset class that requires more understanding than residential.

Property Investment Professionals of Australia chairman Ben Kingsley said commercial property investment was mostly the domain of more sophisticated property investors.

Fri
25 Nov
2016

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

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

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

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 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

 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.