PIPA In the News

Fri
19 Apr
2013

The Property Investment Professionals of Australia welcomes the release of the Australian Securities and Investment Commission first SMSF taskforce findings.

PIPA applauds the regulator for its recognition of concerning property spruiking activities with regards to self-managed superannuation funds.

The report, which focused largely on the standard of advice provided to SMSF trustees, found that the majority of advice provided is 'adequate' but it noted pockets of 'poor' advice, particularly with regards to recommendations that investors set up an SMSF in order to invest in real property.

Mon
18 Mar
2013

Property Investment Professionals of Australia (PIPA) says it's growing increasingly concerned over a perceived lack of regulation surrounding property investment, particularly with regard to SMSFs and is calling on ASIC and the Government to take action.

According to the organisation, financial services professionals remain tentative as to just who can legally guide SMSF customers through the process of investing in property.

PIPA chair, Ben Kingsley, says despite repeated public discussion, professionals in the financial services industry remain confused as to who can recommend property for investment within an SMSF.

Fri
15 Mar
2013

Property Investment Professionals of Australia (PIPA) reports growing increasingly concerned over a perceived lack of regulation surrounding property investment, particularly with regard to SMSFs.

According to the organisation, financial services professionals remain tentative as to just who can legally guide SMSF customers through the process of investing in property.

Wed
13 Feb
2013

Most financial planners don't have the skills to give specialised property advice, so PIPA is asking for advisers working in the area to upskill to become specialised property advisers, Kingsley said.

The other option is to work on a referral basis so clients are still able to get specialised advice, he said.

"The adviser's going to have to make a decision themselves in terms of whether they think they can upskill," he said.

Thu
31 Jan
2013

Many property investors know to get the different sets of data for the suburb they are analysing, but few are taking the next necessary steps, a panel of experts has revealed.

In conjunction with the Property Investment Professionals of Australia (PIPA), the peak organisation for the property industry, Smart Property Investment held a meeting of six leading minds in property investment earlier this week.

Asking the panel their thoughts about the current data available, editor of Smart Property Investment magazine, Phillip Tarrant, said: "We go to all the different property shows and we take our magazines there. Whenever anyone picks it up the first thing they do is flick straight to the back and look for the suburb they're trying to buy in.

Wed
23 Jan
2013

Property Investment Professionals of Australia (PIPA) has announced an ambitious strategy to raise the professional standards of property investment advice.

According to PIPA chair Ben Kingsley, the association is calling on all professional practitioners – including mortgage brokers, financial planners, accountants and estate agents – to join forces and increase the professionalism of the property investment industry.

"There are more than 80,000 professionals, employed either directly or indirectly within the property investment industry, giving opinions and advice to consumers," he said.

Tue
22 Jan
2013

The Property Investment Professionals of Australia (PIPA) has announced a strategy to raise the professional standard of property investment advice and is calling on mortgage brokers, among others, to help.

PIPA chairman, Ben Kingsley, says the association is calling on all professional practitioners – including mortgage brokers, financial planners, accountants and estate agents – to 'join forces and increase the professionalism' of the property investment industry.

Tue
22 Jan
2013

Greater professionalism targeted in property investment industry.

Property Investment Professionals of Australia (PIPA) has called on industry professionals to up-skill and become qualified property investment advisers (QPIAs) as part of the group's campaign to increase the quality of investment advice.PIPA chair Ben Kingsley said that professionals active within the property investment space should at least become a member of its association so the public can identify them.

"[However,] best practice would be to become formally qualified as a QPIA to give sound property investment advice," he said.

Tue
22 Jan
2013

The Property Investment Professionals of Australia (PIPA) has announced a strategy to raise the professional standard of property investment advice and is calling on mortgage brokers, among others, to help.

PIPA chairman, Ben Kingsley, says the association is calling on all professional practitioners – including mortgage brokers, financial planners, accountants and estate agents – to 'join forces and increase the professionalism' of the property investment industry.

Fri
04 Jan
2013

Property Investment Professionals of Australia (PIPA) is urging prospective property investors to keep a cool head when it comes to investing in holiday locations.

PIPA chair Ben Kingsley said it was easy for holidaymakers to fall prey to bad investment decisions over the summer holiday season.

"It's incredibly easy to start romancing about owning a property in a seaside location when you're on holiday," he said.