ONE outcome from the PIPA national investor survey which may surprise you is the motivation behind property investing and it’s not all about making a quick buck.
“When asked why they choose to invest, the most important reason was to provide a better life financially for themselves and their family, while the idea of ‘becoming rich’ was one of the least important reasons,” PIPA Chairman Peter Koulizos said.
Some 78 per cent of respondents said that concerns about potential falling house prices wouldn’t cause them to put investment plans on hold.
About 82 per cent believe that now is a good time to invest in residential property, which is up from 77 per cent in 2018.
“Long-term capital growth beat out cash flow as the most important aspect when choosing an investment,” Mr Koulizos said.
This year’s survey also again highlighted the need for improved professional standards and regulation of the property investment advice industry.
In fact, 88 per cent believe that more education is needed around the risks and benefits of investing in property, plus virtually all (93 per cent) of respondents believe that any provider of advice should have formal training.
About 90 per cent of investors believes the property investment industry should be regulated and licensed the same way that financial planners, mortgage brokers and real estate agents are.
“We are pleased that PIPA continues to be recognised as the peak professional association for the industry as we continue to lobby for the regulation of property investment advice.”
Burnie Advocate, Burnie, Page 6, 17 October 2019
St George & Sutherland Shire Leader, Sydney, Page 6, 16 October 2019
Border Mail, Albury-Wadonga, Page 2, 19 October 2019
Warrnambook Standard, Warrnambool, Page 2, 19 October 2019
South Coast Register, Nowra, Page 2, 23 October 2019
Milton Ulladulla Times, Ulladulla, Page 2, 23 October 2019
News Weekly (Merimbula), Merimbula, Page 8, 23 October 2019