In this special webinar, award-winning journalist and PIPA board director Nicola McDougall discusses what not to do if you want to secure media coverage with property commentator and PIPA member Kevin Turner.
The pair has decades of journalism experience between them and outline their biggest bugbears when it comes to finding and interviewing property experts for their stories.
If you’d like to grow your media profile, then make sure you don’t make any of the mistakes featured in this special PIPA presentation!
The banning of a Sunshine Coast property manager for stealing nearly $47,000 in rent has raised questions around what investors can and should do in similar situations.
We asked an expert to find out.
Elizabeth Anne Provan, director and former principal licensee of Dicky Beach Real Estate Pty Ltd, was found guilty of wrongfully converting trust money and acting as unlicensed property agent after charges were brought by the Office of Fair Trading (OFT) for breaching the Property Occupations Act 2014.
Ms Provan, who did not appear at the Caloundra Magistrates Court, was fined $25,000 after converting rent money for her own use and asking tenants to place rent money into her own personal account, which totaled $46,793, from January to July 2017. She was also banned for 10 years. (more…)
Now I’m not arguing that it’s hard to get into the housing market – it is, but maybe it’s no harder than before.
According to the Property Investment Professionals of Australia (PIPA) those arguing property’s lack of affordability haven’t studied the numbers properly.
In fact their research suggests that mortgages are more affordable now than they were in 1990…
“Many commentators use just two indicators to measure housing affordability – income and house prices,” PIPA Chairman Peter Koulizos said.
“This is a good measure to indicate how expensive housing is, but if you want to analyse affordability, you must also consider mortgage repayments.”
PIPA examined annual figures looking at the average size of a home loan, the standard variable rate, principal and interest loan repayments and the annual average wage from 1990 to today. (more…)
The banking royal commission has highlighted the drastic need for property investment advice regulation, according to the Property Investment Professionals of Australia (PIPA).
Among the revelations about dodgy operators and unsound financial advice was the example of a former planner who allegedly directed clients to purchase property from an advocacy service of which he was the majority owner, a fact he did not disclose.
The planner was found to have not acted in the client’s best interests during a company audit.
PIPA chairman Peter Koulizos said that while that planner was also subject to regulation, the provision of property investment advice generally remains largely a free-for-all and that anyone can set up shop as a property investment ‘adviser’ without any qualifications. (more…)
With the budget’s guts now laid bare, property experts have had time to think about what it means for investors. As it turns out that, for the most part, it is a good one.
After last year’s budget that saw investors reeling with the loss of asset claiming and travel expenses, they were able to catch a breath with this year’s budget.
However, this is because there were no measures that directly targeted property investors at all.
