PIPA In the News

Tue
25 Sep
2018

86% of investors to secure next loan through a broker

An increasing number of property investors are looking to secure their next loan through a mortgage broker as they seek alternative finance solutions amid tighter lending policies.

According to a survey of 820 property investors from the Property Investment Professionals of Australia (PIPA), 86 per cent of property investors intended to secure their next loan through a mortgage broker, up from 83 per cent from PIPA's 2017 survey.

The survey also found that 75 per cent of investors secured their last investment loan through a broker, up from 73 per cent in the previous year.

Conversely, 20 per cent of respondents said they secured their last loan directly from a bank while 2.8 per cent directly from a credit union, building society or specialist lender.

Tue
25 Sep
2018

13% of investors will 'struggle' to repay P&I

The expiry of the interest-only period is set to place 13 per cent of property investors in financial stress, according to new research.

According to a survey of 820 property investors from the Property Investment Professionals of Australia (PIPA), 13 per cent of interest-only borrowers were expecting to "struggle" when they begin repaying principal and interest, with a further 13 per cent "unsure" and 61 per cent confident in their ability to meet repayments.

Of those that said they would struggle to meet principal and interest repayments, 5.5 per cent said they have sold, or would have to sell, an investment property to meet loan commitments.

Tue
25 Sep
2018

Survey finds regional markets are favourable

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.

Tue
25 Sep
2018

Brisbane best city to invest

Brisbane has been in line as the next capital to boom for a long time but it could finally be the city's time to shine, with predictions it will soon be leading the property growth charts.

The River City is the hot favourite for investment, according to the latest Property Investment Professionals of Australia (PIPA) survey with 44 per cent of respondents believing it is the capital city with the best prospects, up from 43 per cent last year.

About 26 per cent picked Melbourne, down from 32 per cent last year, while only 8 per cent chose Sydney as having investment potential.

PIPA chairman Peter Koulizos says with growth just around the corner, now is the time for investors to be buying in Brisbane.

"If you're looking at a time frame of five to seven years, Sydney is not the place to go, because it's already had its big rise, and Melbourne is the same," he says.

Tue
25 Sep
2018

Urgent sales on the horizon as 13% of investors struggle with loan changes

Investors being forced into principal and interest payments are set to "struggle" when their interest-only period expires, and selling may be their only option, according to new research.

According to a survey of 820 property investors from the Property Investment Professionals of Australia (PIPA), 13 per cent of interest-only borrowers were expecting to "struggle" when they begin repaying principal and interest, with a further 13 per cent "unsure" and 61 per cent confident in their ability to meet repayments.

Of those that said they would struggle to meet principal and interest repayments, 5.5 per cent said they have sold, or would have to sell, an investment property to meet loan commitments.

Tue
25 Sep
2018

Property industry still attractive to investors

Property investors are showing more confidence in the market this year than in 2017, according to the latest Property Investment Professionals of Australia (PIPA) Property Investor Sentiment Survey. So far, at least, it appears investors are unfazed by finance issues, taxation policy changes, and the market slowdown in Sydney and Melbourne.

Over 77% of the 820 respondents believed that now is a good time to invest in property, with 52% planning to buy a property in the next six to 12 months.

The number of investors saying that changes to investor lending policies have affected their ability to secure finance for an investment property increased to 48% from 43% in 2017.

Mon
24 Sep
2018

Market softening not scaring majority of investors

A recent survey has found that even though Australia's most-populated and unaffordable capital cities are reaching their downturn in the market, the majority of investors are unfazed and in fact believe this year is a better year to be investing than last year.

The Property Investor Sentiment Survey, conducted by the Property Investment Professionals of Australia (PIPA), saw that from 820 property investors, 77 per cent said now is a good time to invest in property, more than last year at 71 per cent.

Nearly every investor also has a plan regarding their property investments at 98 per cent. Over a quarter at 28 per cent had detailed plans for long-term investment.

Additionally, 90 per cent are not concerned with Sydney and Melbourne's price declines, saying that they will not slow down their investment plans.

Fri
21 Sep
2018

The NSW rental reforms: Here is everything PMs and BDMs need to know

Designed to give more power to tenants, amendments to the current rental legislation have been introduced in NSW and include the ability to break leases without penalty.

Introduced to the NSW Parliament on 20 September by Minister for Better Regulation Matt Kean, the Residential Tenancies Amendment (Review) Bill 2018 is set to give more powers to tenants in New South Wales.

On their introduction to the NSW Parliament, Mr Kean said that the reforms were "common-sense changes" and that they "get the balance right".

Fri
21 Sep
2018

NSW rental reforms announced: What's changed?

Amendments to current rental legislation have been introduced to the NSW Parliament and aim to give more power to tenants, which includes the ability in certain cases to break leases without penalty. Here's a comprehensive list of what the reforms include.

Introduced to the NSW Parliament on 20 September by Minister for Better Regulation Matt Kean, the Residential Tenancies Amendment (Review) Bill 2018 is set to give more powers to tenants in New South Wales.

On their introduction to the NSW Parliament, Mr Kean said that the reforms were "common-sense changes" and that they "get the balance right".

Wed
19 Sep
2018

Mining property worth half as much as 10 years ago

New research has found that property prices halved in many mining regions over the past decade.

Property Investment Professionals of Australia (PIPA) chairman Peter Koulizos used CoreLogic data to calculate the best and worst performing areas over the past 10 years.

"West Australia - which benefited the most from the mining boom - has also suffered the most from the mining bust.  There is a very long list of under-performing mining towns in WA, but the worst is South Hedland, a suburb in Port Hedland, where house prices fell 74.8 per cent.

"Newman came in a close second to South Hedland, where the median house price was $501,000 in 2008 and not it is only $147,000."

 

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