Property Investment Professionals of Australia are currently conducting the largest survey amongst Australian investors in many years. The annual survey gives an indication of how the market is performing, and what is happening.
What is the purpose behind the survey?
The PIPA survey is almost like a temperature gauge for the market, or a weather forecast, giving an indication as to how the market will perform in future months.
Head of PIPA, Peter Koulitzos explained: “Some of the questions that we ask include, do you believe now's a good time to invest in residential property, which gives us an idea, maybe there might be more people investing in the future. If so, what sort of property would you buy? So, it's not just, are you looking to buy, but what sort of property would you buy, would it be existing or established stocks of plan units. Where are you looking to buy? Are you looking to buy in a capital city? Are you looking to buy in a regional market? So, we have almost 50 questions, which should give us a very good idea of what the forecast is for property investors in the property market.”
How can you learn about the market?
The best way to learn about the market is to listen to those out there working in it day to day. People in the field, studying the market are the authorities on how it is performing.
Peter agreed: “Yeah, that's right. We've had it annually, and it provides us and many other people in the property industry, in particular our members, with some valuable intel to help them with their businesses.”
What do changes to negative gearing mean?
One issue that concerns investors at the moment is a change in negative gearing, and whether it will improve housing affordability.
Peter Koulitzos said: “Certainly. Yes, there's one question for example, it says, "Do you believe changes to negative gearing, and capital gains tax will improve housing affordability? Because prices could fall. Given the negative sentiment, portrayed by some political parties and media outlets about greedy property investors, does this result in you being less open about your property investment activity to others? So, it looks at many things. As I've just mentioned, it looks at some of the political landscape, but it also looks at peoples' perception of themselves as property investors when they get together with other people who may not be property investors.”
Will you be hit by spam if you get involved in the survey?
Many people avoid surveys such as the annual one done by PIPA as they believe getting involved will lead to sales office spamming. However, this is something PIPA would like to completely refute, as they guarantee that your emails and phone will not be inundated with spam messages and calls.
Peter assured: “That will certainly not happen. We've already got hundreds of people that have replied. We're looking for a record this year of over 1000, but I can guarantee people that when they do reply, it is completely anonymous. There will be no spamming. That is certainly something that I hate, and I often do not send in surveys for that particular reason. But I can guarantee people, your listeners that when you send in the survey, you will not be spammed. All we are looking for is the answers to the survey.”
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