In this special webinar, PIPA founding board member and Destiny Financial Solutions’ Margaret Lomas discussed the association’s code of conduct, what disclosure really means, as well as how to prevent an unhappy client turning into a serious complaint.
Find out if you are an observer, speculator, collector, or investor.
It’s nice to believe we’re unique but, in truth, human patterns of behaviour are predictable.
This isn’t always a bad thing – particularly for professional advisors like me who’ve operated in a specialist field for some years.
It helps us identify what’s driving people to act in certain ways, so we can help guide them through their property investment journey.
One of the most important steps in the process is to identify which of the four categories of investor types they fall into.
This enables us to establish specific strategies that help them tackle their perceived limitations and move toward becoming sophisticated investors.
When it comes to investing in property, trying to time a purchase to maximise a potential future profit over the shorter term is incredibly difficult. This applies equally to investing in a property that you will call your home or one you intend to rent out.
When investing, taking a short-term view can be problematic due to the difficulty in picking when prices have reached their bottom or their peak. We never have the benefit of capitalising on hindsight.
A recent report by Property Investment Professionals Australia (PIPA) examined the change in median price in Australian capital cities over a longer term.
In Perth from 2003 to 2018, prices increased by 106 per cent, performing better than Sydney, Brisbane, Adelaide and Canberra.
New research from the Property Investment Professionals of Australia (PIPA) has found that investors who try to time the market could lose hundreds of thousands of dollars.
The analysis looked at every capital city market over the past 15 years to determine whether time in the market or timing the market produced the best capital growth.
The results show that an investor who tried to time the market could potentially lose nearly $140,000 over the 15 years.
PIPA chairman Peter Koulizos said most investors simply don’t have the skills or knowledge to expertly select the best markets to invest in over the short-term.
One common piece of advice property investors get when starting is to time the market to achieve the best capital growth. However, a study by the Property Investment Professionals of Australia (PIPA) found that doing so could actually cost investors thousands of dollars.
Investors who try to time the market could potentially lose as much as $140,000 in a 15-year period, according to the study.
“Trying to time the market is not only extremely difficult for most investors, but the transactional costs of buying and selling multiple times, including stamp duty and capital gains tax, eat up a significant chunk of your potential profit,” PIPA chairman Peter Koulizos said.