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A new survey has revealed the important role mortgage brokers play in providing services to property investors.
According to the Property Investment Professionals of Australia’s (PIPA's) Property Investor Sentiment Survey, 66 per cent of 1,063 respondents said they secured finance for their last deal via a mortgage broker.
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PIPA chair Ben Kingsley said the results demonstrate that the role of property professionals is becoming more important.
“Mortgage brokers are an important source of finance advice for investors,” he said.
“They tend to better understand the investment lending landscape and offer great choice to investors.”
According to the survey, 63 per cent of investors believe now is a good time to invest in property, while 60 per cent are looking to purchase within the next six to 12 months.
The survey also found that 67 per cent of respondents believe Australia needs a more comprehensive education program for property investment, while 91 per cent believe that people who recommend property investment should be regulated and licensed.
“Unlike other asset classes, property is not classified as a financial product by ASIC and the provision of property investment advice remains unregulated,” Mr Kingsley said.
“PIPA is continuing to lobby the federal government to bring property investment advice into a regulatory framework and we remain dedicated to supporting a healthy, sustainable property investment industry where education and regulation support good outcomes for all involved.”
[Related: AMP to re-enter investor mortgage market]
