Sydney, Australia (PRWEB) July 21, 2006
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.