Investor Association (PIAA) Gives Property Investors a Head Start With its 5 Star Rating System.

PIAA, an independent not-for-profit organization, charges developers to assess investment properties on behalf of investors. Properties are assessed on the basis of the quality and quantity of research information provided (Due Diligence).

“Identifying investment property that looks good, you like and you can borrow against has never been difficult. However, understanding the conditions that make it a successful investment is an entirely different approach. The question is; where do we source independent information?” Said John Moore, President of the Association.

PIAA has developed a proprietary formula encompassing over 200 core and associated items that are weighted to arrive at a 5 star rating. The display of this rating informs the investor that this developer complies with the PIAA Code of Conduct, and, that they have paid to have their opportunity independently assessed. Much of this assessed information is provided for investors on the PIAA web site http://www.piaa.asn.au/index.php/investments/ For its latest rated development.

“The Rating System gives a new level of transparency to the transaction and a new level of confidence to the investor. We can not predict the success of an investment property, however we can assess and present the key information an investor needs to consider”, says Mr Moore.

Quattro on Daydream, at three and a half stars, is PIAA’s first rated development, a commercial development with strata office and industrial space in a business park in Mona Vale NSW.

5 Star Rating Information includes:

• Market Reports
• Artistic impressions of the development (for off the plan developments)
• Verified Plans of site, buildings, units and amenities
• Profiles of the architect, developer and builder
• PIAA specified price list with prices per sq meter
• Full specifications for fixtures and fittings
• Sales comparisons
• Rental comparisons
• Investment Analysis
• Independent Valuations
• Summary of key dates and features of Sales Contract
• Schedule of Body Corporate fees including depreciation Schedule
• Discounts for PIAA Subscribers