Mar 18, 2018
“You should look for somebody who is a PIPA member, because then you know you can have confidence that they have your interests at heart.”
David’s guest on this instalment of Property Insiders is lecturer, author, and Chair of The Property Investment Professionals of Australia (PIPA), Peter Koulizos. He chats with David about PIPA’s objectives, and the benefits it offers both members and consumers.
PIPA is the peak association for property investment professionals, providing education to members, as well as helping and protecting consumers with their property investments.
PIPA has a code of conduct that all professionals need to abide by to join and maintain membership. This code of conduct is taken very seriously, and people are often denied inclusion, or have their membership revoked.
In joining, members get to be a part of a group whose main aim is to serve the consumer, rather than just to make money for themselves. They can be recognised as a true professional who follow the code and are ethical operators. Peter acknowledges there can be a dark side to the industry, where people try to rip off consumers, and PIPA helps consumers make safer choices about who they work with.
Dealing with PIPA members mean consumers can have confidence that their advisor has their best interests at heart. Rogues, spruikers, and unethical operators can’t be members of PIPA, and both Peter and David know from experience that all the best professionals in the industry are PIPA members. If a consumer is dealing with a PIPA member, they can be confident they are working with a quality independent advisor.
Peter tells David that PIPA’s main long term objective is to bring regulation to the industry, including developing industry codes and introducing legislation that protects investors. Peter is always amazed that the people who advise consumers on what may be the biggest investment of their lives, don’t need any qualifications or ongoing professional development. PIPA seeks to provide this development, by offering regular webinars, communicating information to members, being a source of compliance and regulatory information, developing a code of conduct, and working continuously to ensure integrity in the industry.
About your host, David McMillan
During his 16 years in the property industry David has worked as a property valuer and property adviser to private clients, financial planners, accountants, finance brokers, major banks and governments. He has been involved in more than $500M worth of transactions across Victoria, New South Wales, South Australia & Queensland.
Since 2009, David has been specifically focused on helping medical professionals, expats, business owners and busy executives build effective property portfolios.
David is a fully licensed real estate agent in Victoria, South Australia and Queensland (CEA), Certified Practicing property Valuer (CPV), Qualified Property Investment Advisor (QPIA) and most importantly is an active property investor. David joined the Australian Property Institute in 2001 and is now an Associate (AAPI) and in 2009 became a member of the Real Estate Institute. David currently sits on the board of Property Investment Professionals of Australia (PIPA) to promote ethics in the property investment industry.
About David’s guest, Peter Koulizos
Peter is currently the Co-ordinator of the property and share Investment courses at TafeSA. He also teaches the property program at the University of South Australia. He has been teaching in real estate and investment for almost 20 years. Peter also personally invests in property and currently holds several properties. Peter has the ability to combine the theory of property investment with the practical aspects so as to teach people how to make money for themselves from investing in property, whether they be buying, selling, renting, renovating or developing property.
Peter researches property markets around the nation, looking for the best suburbs to invest in each capital city. He has published two book, “The Property Professor's Top Australian Suburbs” and more recently “Property vs Shares”. He is also a regular contributor to numerous newspapers, magazines and websites and is sought after by TV and radio for his research and comments on the property market.
For more information on PIPA, head here.
‘Property Insiders’ is one of three segments you will hear on the Performance Property Data podcast. Released fortnightly, they are conversations between David McMillan (Director Acquisitions - Performance Property Advisory) and industry leaders offering knowledge and expertise.
‘The Property Pineapple’ is released monthly and is hosted by Sharon Taylor (Research Analyst - Performance Property Advisory). The show presents listeners with stories from real investors, discussing their wins, and admitting their losses.
And ‘Performance Insights’ are released every Wednesday and Friday, giving you technical information and the lowdown on key property markets around Australia. These episodes are also available as short videos at our youtube channel.
For more information about how Performance Property Data can help you maximise your investment dollar, head to www.performancedata.com.au