Real Estate Investment Property Assessment Made Easier For Investors With PIAA 5 Star Rating System

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The Property Investors Association of Australia (PIAA) has released a comprehensive investment property assesment system to assist investors to make more effective investment decisions. Baby boomers are being driven to self fund their retirement and are seeking education on rental property and investment property. However there has been little impartial education to assist them, hence they have been prey for unscrupulous operators or at best been educated by the property provider. PIAA seeks to raise the professionalism of the industry through concerted investment property education, our 5 Star Rating System is a key initiative.

PIAA (The Property Investors Association of Australia) has released a Investment Property Assessment Rating System that makes it easier for investors to make more effective investment decisions.

“Many investors make their decisions on the basis of glossy marketing information, how they feel about the investment and whether they can attract finance,” says John Moore, PIAA President.

“The 5 star ratings system enables investors to appreciate a comprehensive system of investment property research information at a glance.” The rating system is based on information provided by developers. A One Star Rating indicates basic information and a willingness to comply with the PIAA Code of Conduct, and, a Five Star Rating offers compliance with the Code of Conduct and information on over 200 items. These include the following categories of information:

1    The Development Application

2    The Construction Certificate

3    Profiles: Developer, Builder, and Architect

4    Valuation Reports

5    Marketing Documentation

6    Sales Contract

7    Hand over requirements

8    Environmentally sustainable Design

9    Length of Relationship with PIAA

10     Discount for subscribers

Investors can now understand much of this information at a glance and extend their focus to whether the opportunity meets their investment profile for risk analysis, capital return, cash flow and timing for their investment property.

For further information please visit http://www.piaa.asn.au. Full published information is a subscriber only service. PIAA Code of Conduct is available at http://www.piaa.asn.au/index.php/zarpages/code_of_conduct. If you have further questions please contact John Moore, PIAA President.

PIAA is a not for profit organization that seeks to increase the education of investors to drive professional in the investment industry. Ratings are commissioned by developers, all information is provided by them and assessed by PIAA appointed and trained industry professionals

This system will be extended to include other classes of investment property in the future.

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Rosemary Johnston
PIAA
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