Real estate: News
PIAA launch rating system for real estate head start investors 29/08/2006
Author: Lianna Brinded
Investors seeking to research an investment property, usually have difficulty in identifying and accessing information sources, however Property Investors Association of Australia (PIAA) has developed an independent system to provide transparency for the transaction and confidence for the investor.
While, real estate investment has become one of the most active asset classes for investors over the past few years, understanding the conditions that make it a successful investment is a strenuous process.
Investors need to consider the opportunity offered by the development, its local amenities, the stage of the property cycle and the impact of this on their investment.
PIAA is an independent not-for-profit organization that charges developers to assess investment properties on behalf of investors.
"PIAA has developed a proprietary formula encompassing over 200 items that are weighted to arrive at a 5 star rating. The display of this rating informs the investor that this development complies with the PIAA Code of Conduct, and, that they have paid to have their opportunity independently assessed. This gives a new level of transparency to the transaction and a new level of confidence to the investor," says John Moore, President of PIAA.
"We can not predict the quality or success of an investment property, however we can assess and present the information an investor needs to consider", says Mr Moore.
To learn more view our first listed development at: www.piaa.asn.au and select Rated Investments from the Investor Menu.
