Powered by momentummedia
nestegg logo
Powered by momentummedia
nestegg logo
nestegg logo

Invest

Be wary of property investment advice, SMSF trustees told

By Staff Reporter · May 29 2014
Reading:
egg
egg
egg

Be wary of property investment advice, SMSF trustees told

author image
By Staff Reporter · May 29 2014
Reading:
egg
egg
egg

The Property Investment Association of Australia (PIAA) has warned SMSF trustees should be wary of property advice that is not “client-led”.

 

Speaking at The Institute of Public Accountants’ 2014 Tasmanian Congress, PIAA co-founder Rosemary Johnston said property investment advice needs to give a balanced representation of property and be in the client’s best interest.

Ms Johnston told nestegg.com.au’s sister publication SMSF Adviser that investors need such advice because property investment has become a “very popular activity”.

“The confusion arises because [investors] don’t understand what a real estate transaction is… so they are vulnerable to the spruiking end of the market,” she said.

Advertisement
Advertisement

“We also see that professionals don’t understand this either; they don’t understand where the real estate transaction ends and we step into property investment advice.

“It is hard for clients to find good advice, especially when many of the professionals are still confused about where they should be sending them,” she said.

Ms Johnston added, however, that investors who buy multiple properties in an SMSF "are potentially hedging against inflation”.

Be wary of property investment advice, SMSF trustees told
default
nestegg logo

Forward this article to a friend. Follow us on Linkedin. Join us on Facebook. Find us on Twitter for the latest updates
Rate the article

Join The Nest Egg community

We Translate Complicated Financial Jargon Into Easy-To-Understand Information For Australians

Your email address will be shared with nestegg and subject to our Privacy Policy

From the web

Recommended by Spike Native Network

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

Copyright © 2019 MOMENTUM MEDIA