QPIA® and PIPA
What do the terms QPIA® and PIPA mean?
The Property Investment Professionals of Australia (PIPA) was formed by industry practitioners with the objective of representing and raising the professional standards of all operators involved in property investment. They have developed a property adviser accreditation course which is industry relevant for today’s property advisers. To be recognised as a Qualified Property Investment Adviser (QPIA®), the adviser must have completed the accreditation course and be a member of PIPA, as well as commit to a code of conduct.
There are many so called “property advisers” out there who want you to believe they have your best interests in mind. The simple fact is that that many of them are not advisers and are just sales agents trying to sell you property. These sales often have high commissions built into the purchase price, inflating it beyond its underlying intrinsic market value. The true definition of ‘independent’, ‘impartial’ or ‘unbiased’ advice is when no commission or any other income based on the volume of business is received by the adviser. The use of these words is actually restricted under Section 923A of the Corporations Act unless those criteria are met. It is highly recommended that you only take advice from a QPIA®, recognised and accredited by PIPA.
An independent property adviser should be fee-for-service, never be trying to sell you any type of property and should take into account your personal situation and goals. There is no ‘one size fits all’ strategy as many people will have you believe. At MyPropertyPro, we have a QPIA® as part of the management and ownership team, with access to investor services provided to all of our investor clients. For more information on PIPA and QPIA®, please visit the PIPA website.
MyPropertyPro is proud to be a PIPA corporate member. Both our organisation and QPIA® makes a full commitment to the PIPA code of conduct.