PIPA In the News

Thu
04 Oct
2018

Investors should focus their house hunting on areas outside of Hobart or in Launceston, a property expert says.

Property Investment Professionals of Australia chairman Peter Koulizos believes there are still strong housing investments in Tasmania.

However, a new national PIPA survey of property investment professionals has found that only 4 per cent of respondents considered Hobart to have the country's best prospects.

Mr Koulizos said Hobart was still intriguing.

Thu
04 Oct
2018

A SURVEY of investment professionals preferred Brisbane to any other city for investor prospects, but where did Hobart rank?

ONLY 4 per cent of property investment professionals have named Hobart as the capital city with the best investment prospects, a new survey has revealed.

However, Property Investment Professionals of Australia chairman Peter Koulizos said there was still plenty of interest in Hobart, and smart investments to be made near the city and throughout the state.

"The intrigue is still there, but it appears to be waning," he said.

"In recent times we saw huge growth in Hobart property prices, but those increases are not as good this year compared to last year.

"Of course the good times don't last forever, and Hobart has experienced very good times of late."

 

Wed
03 Oct
2018

Despite the softening of the property market in Melbourne, consumer confidence remains strong in Victoria's capital city, inspired by a high demand for dwelling and a strong local economy. Is the positive sentiment well-placed or utterly misguided?

After experiencing a solid property boom in the past years, the markets of Sydney and Melbourne—once Australia's largest and most lucrative—have entered the softening phase.

However, several investors are unfazed by the investment issues faced by the capital cities today, from lending to affordability. Some investors even believe that the current times present better wealth-creation opportunities compared to the previous year.

According to the Property Investor Sentiment Survey conducted by the Property Investment Professionals of Australia (PIPA), 77 per cent of more than 800 property investors are more than willing to continue investing in real estate, up from last year's 71 per cent. 

Wed
03 Oct
2018

Pet ownership is in the spotlight again, this time in Queensland, as the government there has announced a consultation period on reforming rental laws which could change how minor modifications, pet ownership and inspections and repairs happen in rental properties, following in the footsteps of Victoria and NSW.

Publicised on Sunday, the announcement was the start of the Queensland government's "Open Doors to Renting Reform" consultation process. It aims to reform the way people who live in Queensland, or own property in Queensland, experience the rental market.

From this week, the start of this process will see renters, landlords and real estate agents contacted to express their opinions on renting in the state.

Announcing the intention to reform the rental laws, Premier Annastacia Palaszczuk said that it was time to update the state's tenancy laws as the last review took place in the 1970s. 

Mon
01 Oct
2018

BRISBANE was the only major state capital to see home values grow last month, escaping the worst national housing decline in six years that's hit other states.

Preliminary CoreLogic results show September values in Brisbane jumped 0.1 per cent at a time when every other major capital city went backwards.

Annually Brisbane's growth has hit 0.8 per cent – the highest of all state capitals – while both Sydney (-6.1 per cent) and Melbourne (-3.1 per cent) dropped substantially into negative territory.

CoreLogic head of research Tim Lawless said Brisbane now represented "great buying opportunities" with a more balanced market than Sydney or Melbourne.

Mon
01 Oct
2018

The Mortgage Business Uncut podcast is your weekly analysis of the biggest themes shaping the Australian mortgages market.

Join Alex Whitlock and Annie Kane as they delve into the latest themes and developments in the home loan market.

In this episode, they talk to Peter Koulizos, a lecturer at the University of South Australia and chairman of Property Investment Professionals of Australia, to discuss the challenges that property investors are facing in the lending market.

Sat
29 Sep
2018

Property investors have become more confident in the worth of regional markets with a new survey revealing more find it an appealing option.

The latest Property Investment Professionals of Australia (PIPA) Property Investor Sentiment Survey found that 20 per cent of investors believed regional markets were the most appealing place to buy right now.

This increased from 15 per cent at the same time last year. 

Most respondents to the survey believed now was a good time to invest, with the majority, 52 per cent, planning to buy in the next 6-12 months.

Fri
28 Sep
2018

What's made the news this week?

Kieran and Kevin catch up to discuss the stories that grabbed their attention this week:

  • Investors feel the pinch
  • The big shift is on
  • The ultimate 'home sweet home'
  • The world's first Billion dollar home

Thu
27 Sep
2018

As approvals for interest-only and investor loans take a big tumble, property investors are fearing the worst about their prospects for new loans and refinancing – but experts remain optimistic.

The latest APRA statistics show investor home loan approvals fell by 12.4 per cent over the last year to 30 June 2018. Further, interest-only loans took a 54.9 per cent dive in the last quarter.

These results are leaving property investors concerned that the market for financing will grow continually more difficult, compounded by declining values in capital cities like Sydney and Melbourne.

Thu
27 Sep
2018

ONE of Australia's most outspoken property experts has issued a dire warning for Labor, insisting the party could "destroy the property market".

Last week, Prime Minister Scott Morrison told news.com.au the ALP's vow to limit negative gearing to newly built homes would actually "invite a housing market crash".

The policy is at the core of the Labor's housing proposals — and negative gearing policy is expected to be one of the major issues at the heart of the next federal election.

Now, property investor and author Bushy Martin has weighed into the divisive debate, claiming Labor's plan could end up decimating our already ailing housing market.