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PIAA Gives You a Head Start With its 5 Star Rating System.

November 07, 2006  6:12:24 PM (953 Reads)

Buying Investment Property for Your Future and Need to Know How to Assess the Opportunity? PIAA Gives You a Head Start With its 5 Star Rating System. Sydney, Australia (PRWeb) August 2006:

Identifying 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...
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?

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 (1). We have assessed our first development and many more are queued up to be assessed. The properties are assessed on the basis of the quality and quantity of research information provided (Due Diligence).

“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/index.php/investments/Quattro_on_Daydream_-_mona_vale_NSW .

Quattro on Daydream, is a commercial development with strata office and industrial space in a business park providing some ocean views. Information includes:

· Extract from Bis Shrapnel/ L J Hooker July 2006 report on commercial property · Artist representations of the development · Plans of site, buildings, units and amenities · Profiles of the architect, developer and builder · Price list May 2006 · Specifications for fixtures and fittings · Sales comparison · Rental Analysis · Investment Analysis · Summary of key dates and features of Sales Contract · Schedule of Body Corporate fees with Depreciation Schedule · Early bird discount for PIAA Subscribers 1. PIAA receives no sales commission from property sales.

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Keywords :
  • Australian Property Investors Association of Australia
  • due diligence
  • investment property


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