news

Property professionals should be qualified: PIPA

By Staff Reporter

There are more than 80,000 professionals employed directly or indirectly in the property industry to give advice, but research suggests that less than one per cent of this number are formally qualified, according to the Property Investment Professionals of Australia (PIPA).

Property investment advice is one of the few areas currently unregulated, said PIPA’s chair Ben Kingsley, and currently “anyone” can promote property as an investment.

“PIPA will continue to lobby the Australian government to regulate the property investment industry – and this is top of our agenda in 2013,” said Mr Kingsley.

“But in the meantime, we’re calling on members of the industry to work together to protect our reputation and help consumers seek out qualified professionals who have both the educational and ethical standards required to provide quality advice on property.”

Mr Kingsley, said the current lack of regulation is “ludicrous”, and indicated that PIPA will be calling on mortgage brokers, accountants, financial planners, buyers’ agents and other industry professionals to either ‘up-skill’ or obtain recognition for their skills. This will allow them to become a Qualified Property Investment Adviser (QPIA).

“Australians deserve accurate property investment advice and a directory of appropriately qualified professionals they can trust,” he said.

Property professionals should be qualified: PIPA
SPI logo
Thank you.

Your enquiry has been sent to a local Aussie Mortgage Broker.

We will be in contact with you shortly.
Opps.

error occurred.
Unfortunately Aussie cannot attend to your home loan related enquiry at this stage as you must be a citizen or permanent resident.
Do you need help finding the right loan for your investment?
What Aussie do for you:
  • Give expert mortgage advice to help you find great investment loan deals
  • Help you maximise return by lowering financing costs
  • Save you time and effort by helping with the paperwork
First name
Last name
Location
Mobile Number
Are you an Australian Resident?
promoted stories

Top Suburbs

Highest annual price growth - click a suburb below to view full profile data:
1.
BLUE BAY 49.18%
2.
PAMBULA 43.5%
3.
BERKELEY VALE 42.74%
4.
POINT PIPER 40.52%
5.
NORTH TURRAMURRA 38.12%