Risky Business

Having an unregulated property investment industry presents some very real dangers and something needs to be done about it.

In the May 2014 Issue of Smart Property Investment Magazine, Ben Kingsley, chairman of Property Investment Professionals Of Australia (PIPA) writes about the risky business in Australia’s property industry and the difference between other investment classes such as shares, bonds and superannuation and property investment. Why is it that those investment classes are heavily regulated where else, investment properties that are considered as high valued transactions remains unregulated? Who will be protecting the best interest of Australia’s property investors? Here’s a snippet of the article:

“You’re about to commit to purchasing a property. It’s a massive decision with a price tag of hundreds of thousands of dollars. It’s also fair to say that if this is your first investment property, your financial future is riding on its success. Get it wrong and it could cost you hundreds of dollars, add years onto your working life or even potentially ruin your chances of a comfortable retirement together”. Click on the article to read more!