Media Releases

Tue
31 Dec
2019

For media enquiries please contact:


Bricks & Mortar Media 
Phone:     0405 801 979
Email:      media@bricksandmortarmedia.com.au 

Mon
06 May
2019

Media Release: 6 May 2019

Labor’s proposal to restrict negative gearing to new property will flood the market with spruikers and endanger the financial lives of thousands of Australians, according to the Property Investment Professionals of Australia (PIPA).

PIPA chairman Peter Koulizos said the policy would encourage unscrupulous operators into the market looking to take financial advantage of everyday investors.

“When you financially incentivize people to buy a particular product, spruikers are not far behind because they see an opportunity to make a lot of cash very quickly,” he said.

“PIPA was created more than a decade ago to lobby for regulation in the property investment advice space to drive out crooks from our sector and to protect consumers.

“However, there is currently no legislation to protect consumers from dodgy operators pretending to be property investment experts.”

Tue
26 Mar
2019

Media Release: 26 March 2019

First home buyers have always been a vital cog in the health of any property market, however, claims they are currently struggling to get on the ladder are not supported by official statistics, according to the Property Investment Professionals of Australia (PIPA).

Australian Bureau of Statistics (ABS) data shows the percentage of first home owners in the market is higher than the historical average.

According to the latest data from the ABS, the percentage of properties financed to first home owners was 17.9 per cent in January this year.

Over 2018, the average percentage of properties financed to first home owners was also 17.9 per cent, which was slightly higher than the 10-year average of 17.6 per cent.

PIPA Chairman Peter Koulizos said property tax changes proposed by the Federal Opposition were seemingly developed to help first home buyers into the market, however, these figures show they are already active.

“The proposed changes may have the desired effect in improving housing affordability – but at what cost?” Mr Koulizos said.

Wed
06 Mar
2019

Media Release: 6 March 2019

Proposals to limit negative gearing and reduce capital gains tax concessions will cost a Labor Government $32 billion over just 10 years, according to new research.

Modelling by the Property Investment Professionals of Australia (PIPA) has found that limiting negative gearing to brand new investment properties as well as reducing the capital gains tax discount will drive investors out of the market in droves and leave a gaping hole in government coffers.

PIPA chairman Peter Koulizos said the research showed that Labor’s assertion that their policy would save $32 billion over a decade was a flight of fancy when it was actually set to lose that amount because of drastically fewer investors in the market.

“Not only that, investors already pay almost four times in capital gains tax what they receive in negative gearing benefits over a 10-year period, so the government is already ahead financially,” he said.

Tue
05 Feb
2019

Media Release: 5 February 2019

The long-awaited report from the banking royal commission proves that even within regulated environments lawlessness can be rife.

Property Investment Professionals of Australia (PIPA) chairman Peter Koulizos said the multitude of examples of potentially criminal activity within the financial services sector was a sign of what can happen when money becomes more important than client outcomes.

“If this is what happens in a regulated industry, imagine the situation in the property investment advice sector where spruikers can ruin people’s financial lives without much chance of prosecution because it is an unregulated environment?” Mr Koulizos said.

“The report suggests that many in the financial services sector were motivated by greed rather than acting in their client’s best interests, however, such a blanket statement does a disservice to the majority of honest employees working in the industry.

Tue
04 Dec
2018

Media Release: 4 December 2018

 

New research from the Property Investment Professionals of Australia (PIPA) has found that one third of first-time buyers are opting to invest rather than to buy a home.

The 2018 PIPA Investor Sentiment Survey found that about 36 per cent of first-time buyers had opted to invest in property and continue to rent instead of buying a home to live in over the past 12 months.

PIPA chairman Peter Koulizos said while it was the first time that specific question had been asked in the annual survey, one could presume that rentvesting as an investment strategy had been a trend for some time.

"What this insight shows us is that first-time property buyers generally have probably been more active over recent years than official statistics originally recorded," he said. 

Thu
15 Nov
2018

Media Release: 15 November 2018

 

The record $18 million fine imposed on a property spruiker for misleading property buyers and investors proves that urgent regulation of property investment advice is needed, according to the Property Investment Professionals of Australia (PIPA).

The Federal Court has imposed record penalties of $18 million against We Buy Houses We Buy Houses and its director, Rick Otton, for making false or misleading representations about how people could create wealth through buying and selling real estate, following action by the Australian Competition & Consumer Commission (ACCC).

PIPA Chairman Peter Koulizos said the record fine was a sign that the ACCC was serious about taking action against unscrupulous operators promising an unachievable level of financial success. 

Wed
24 Oct
2018

Media Release: 24 October 2018

New modelling that showed Labor's proposed changes to negative gearing and Capital Gains Tax will decimate the property market also highlights the Opposition's fundamental misunderstanding of the sector, according to the Property Investment Professionals of Australia (PIPA) and the Property Investors Council of Australia (PICA).

Independent research commissioned by Masters Builders Australia has found the financial impact of Labor's misguided policy could be a multibillion-dollar hit to a market that is already struggling in Sydney and Melbourne.

PIPA Chairman Peter Koulizos said the policy also showed the Opposition failed to understand and appreciate the vital part investors play in the property sector.

"Property investors provide housing for 30 per cent of Australians at a time when spending on social housing is at an all-time low," he said.

Thu
04 Oct
2018

Media Release: 4 October 2018

The Property Investment Professionals of Australia (PIPA) and realestate.com.au (REA) have joined forces to provide insights and opportunities towards professional property investment advice.

PIPA Chairman Peter Koulizos said the REA sponsorship signalled a new era for the association, which now represented thousands of property investment professionals across the country.

"The realestate.com.au sponsorship helps to ensure that PIPA continues to go from strength to strength as well as provides significant benefits to our growing membership through access to the country's top real estate analytics," he said.

Mon
24 Sep
2018

Media Release: 24 September 2018

Australian property investors are shrugging off finance issues, concerns about taxation policy changes, and the market slowdown in Sydney and Melbourne with a growing majority believing this year is a better time to invest than last, the 2018 Property Investment Professionals of Australia (PIPA) Property Investor Sentiment Survey has found.

The national survey, which gathered insights from 820 property investors, shows that more than 77% of respondents think now is a good time to invest in property, with 52% looking to purchase a property in the next six to 12 months.

However, more investors than last year (48% in 2018 versus 43% in 2017) say that changes to investor lending policies have impacted their ability to secure finance for an investment property.

Potential changes to negative gearing and Capital Gains Tax policies are also a growing concern, the survey found, with 45% of respondents indicating they would reconsider their future investment plans as a result of proposed changes.

"The financial services crackdown on investors is having an impact on sentiment," PIPA Chairman Peter Koulizos said.