PIPA In the News

Wed
10 Apr
2019

First home buyers have always been a vital cog in the health of any property market, but claims that they are struggling to get on the ladder are not supported by official statistics, according to the Property Investment Professionals of Australia (PIPA).

Australian Bureau of Statistics (ABS) data shows the percentage of first home owners in the market is higher than the historical average.

According to the latest data from the ABS, the percentage of properties financed to first home owners was 17.9 per cent in January this year.

Over 2018, the average percentage of properties financed to first home owners was also 17.9 per cent, which was slightly higher than the 10-year average of 17.6 per cent.

Tue
09 Apr
2019

THE number of first home buyers in the nation’s housing market has hit a six-year high, with Queensland recording one of the biggest jumps in owner-occupier loans.

THE number of first home buyers in the nation’s housing market has hit a six-year high, with Queensland recording one of the biggest jumps in owner-occupier loans.

New home lending figures from the Australian Bureau of Statistics reveal the share of first home buyers rose from 26.8 per cent to 27.1 per cent in February.

Not including refinancing, the number of owner-occupier home loans rose the most in the Northern Territory (14.2 per cent), followed by the ACT (7.4 per cent), Tasmania (6.2 per cent) and Queensland (4.1 per cent).

Mon
08 Apr
2019

Perth has recently emerged as the second most-liveable city in Australia. Apart from liveability, does the Western Australian capital also represent good investability?

Based on top five values, including safety, health services, housing affordability, job prospects and public transport, realestate.com.au’s ‘Life in Australia Index’ found that Canberra is currently the most liveable of all capital cities, garnering a total score of 29.2 out of 50.

Following Canberra were Perth, Adelaide, Brisbane, Hobart, Melbourne, Sydney and Darwin.

Despite its second place ranking, Perth stood out in terms of housing affordability, with a rating of 5.6 out of 10. The capital city was tied with Adelaide and followed by Brisbane, Hobart, Melbourne, Canberra and Sydney.

Perth, Adelaide, Hobart and Darwin also proved to have more regard when it came to access to the natural environment than reliable public transport.

Mon
08 Apr
2019

As Sydney and Melbourne continue to soften, Brisbane has been tagged as the next best hotspot for property investment. How good a value does the Queensland capital actually represent today?

Realestate.com.au’s Life in Australia Index report found that Brisbane stands as the fourth most liveable city in Australia based on safety, health services, housing affordability, job prospects and public transport. The capital city follows Canberra, Perth and Adelaide and precedes Hobart, Melbourne, Sydney, and Darwin.

While most capital cities did not rank highly in terms of housing affordability, Brisbane boasts a rating of 5.3 out of 10, following Adelaide and Perth with 5.6.

However, despite the opportunities in the Queensland capital, some experts deem it ‘not too interesting’ in terms of wealth-creation potential.

According to the Housing Industry Association’s Tim Reardon, the past seven years saw no significant movement in the Brisbane property market as it cycles through boom/bust cycles, particularly in its apartment market.

Mon
08 Apr
2019

While Sydney continues to decline, other less popular markets in NSW are catching up to the house price boom that the capital city has witnessed in the past years. How can investors maximise wealth-creation opportunities across one of the most populous states in Australia?

According to the Housing Industry Association’s chief economist Tim Reardon, the decline in foreign investment has been a significant driver of the current tightening of finance for investment properties and the decline in dwelling values.

Data from the Foreign Investment Review Board found that foreign investment has declined from $30 million to $12 million over the past two years.

The decline has significantly impacted the Sydney property market in particular, causing a downturn that ‘has not occurred in the last decade’.

Mon
08 Apr
2019

There is a lot of deliberation around how, or if, property investors will be significantly impacted by the coalition’s 2019-20 budget. Here are some suggestions on how a 2019-20 budget surplus might benefit the Australian housing market.

Treasurer Josh Frydenberg announced his first budget earlier this week (3 April), and he’s predicting a $7.1 billion surplus. If budget surplus is delivered, it will be for the first time in 12 years.

According to property investor Simon Pressley, speaking on the Smart Property Investment Show, a 2019-20 budget surplus would be one of the key positives concerning the Australian property market at present.

A surplus is beneficial because it gives Australia sovereign savings in the bank, particularly in the face of housing market declines which we are still weathering, among other economic blizzards and blunders.

But it is debatable whether the “return to surplus” will significantly affect property investors in Australia.

Sat
06 Apr
2019

Kevin: First time buyers have always been a vital cog in the health of any property market. However claims that they’re currently struggling to get on the ladder, are not supported by official statistics, according to Property Investment Professionals of Australia, PIPA, who we are great supporters of. Peter Koulizos joins me from PIPA. Peter, your research, what’s it showing?

Peter: Well the first-time buyers are relatively active. They’re slightly higher than the 10-year average. There’s a couple of concrete reasons for that. Firstly, it’s harder for investors to get in the market, because investors need a 10% deposit, whereas first-time buyers only need a 5% deposit.

Peter: Investors now have to pay a higher interest rate compared to first-time buyers or owner occupiers. So despite that, it is hard to borrow money, whether you are an occupier or an investor. First-time buyers are certainly getting into the market as we speak.

Thu
04 Apr
2019

First home buyers have always been a vital cog in the health of any property market, but claims that they are struggling to get on the ladder are not supported by official statistics, according to the Property Investment Professionals of Australia (PIPA).

Australian Bureau of Statistics (ABS) data shows the percentage of first home owners in the market is higher than the historical average.

According to the latest data from the ABS, the percentage of properties financed to first home owners was 17.9 per cent in January this year.

Over 2018, the average percentage of properties financed to first home owners was also 17.9 per cent, which was slightly higher than the 10-year average of 17.6 per cent.

Wed
03 Apr
2019

CLAIMS that first home buyers are currently struggling to get on the ladder are not supported by official statistics, according to the Property Investment Professionals of Australia (PIPA).

Australian Bureau of Statistics (ABS) data shows the percentage of first homeowners in the market is higher than the historical average.

PIPA Chairman Peter Koulizos said property tax changes proposed by the Federal Opposition were seemingly developed to help first home buyers into the market, however, these figures show they are already active.

"The proposed changes may have the desired effect in improving housing affordability - but at what cost?" Mr Koulizos said.

"Housing will become more affordable because house prices will drop.

Wed
03 Apr
2019

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