Here's how you can use ASIC's benchmarks and disclosure principles to assess the risks
in unlisted property schemes.
give you information about certain indicators (based on ASIC's benchmarks and disclosure principles), which can help you assess the risks
of unlisted property schemes (see below).
Wesfarmers expects to free up $ 400 million of capital after establishing a joint venture
with unlisted property fund manager ISPT.
ASIC has developed 6 benchmarks and 8 disclosure principles
for unlisted property schemes to help you assess the key risks.
The posting of
unlisted properties on your company Web site is advertising and therefore governed by the Code of Ethics as well as your state's license law and its rules and regulations.
Macquarie already owns up to $ 11 billion worth of U.S. real estate assets through various joint ventures and
unlisted property funds.
They will help you decide if you are comfortable with the investment, and compare the risks between
different unlisted property schemes.
Most unlisted property schemes are long - term investments and they do not allow you to get your money back at short notice.
ASIC has developed six benchmarks and eight disclosure principles
for unlisted property schemes to help you assess the main risks.
ASIC's investor guide Investing
in unlisted property schemes has more useful information about these investment products.
The NTA value of
an unlisted property scheme can have a significant impact on the overall return that you can expect to receive.
with
an unlisted property scheme, you can't see the price of the investment (and whether it is going up or down) and decide to buy or sell when you want to
Unlisted property schemes have particular risks - see our booklet Investing in unlisted property schemes.
The main risk with
an unlisted property scheme is that it might not be able to pay you distributions when they are due, or pay back your money when you ask for it or when the scheme ends (if the investment performed badly).
You should also read ASIC's regulatory guide, RG 46
Unlisted property schemes: Improving disclosure for retail investors to find out the key information the investment manager should disclose to you so you can assess the risks.
For more information see ASIC's Regulatory Guide 46
Unlisted property schemes: Improving disclosure for retail investors (RG 46).
An unlisted property scheme is not listed on a public market, such as the Australian Securities Exchange (ASX).
The benchmarks and disclosure principles are not a guarantee that
an unlisted property scheme will perform well.
it can be difficult to get out of
an unlisted property scheme if you want to withdraw your money early
ASIC's disclosure principles and benchmarks are not a guarantee that
an unlisted property scheme will perform well.
if you are allowed to withdraw your money from
an unlisted property scheme, it is usually subject to strict conditions, and
Even if information for all the benchmarks and disclosure principles is in the PDS for
an unlisted property scheme, you could still lose some or all of your money if things go wrong.
Unlisted property schemes have some important differences from listed property schemes.
Unlisted property schemes are generally a riskier type of investment than term deposits issued by banks, building societies and credit unions that are prudentially regulated in Australia (see below to compare these investments).
There are differences between listed and
unlisted property schemes that can make it harder for investors to easily know what's going on with their investment.
unlisted property schemes are not subject to ongoing supervision by a market supervisor, such as the ASX
It is important that you fully understand the key risks associated with investing in
an unlisted property scheme if you are considering such an investment.
The investment manager should also tell you if
the unlisted property scheme meets each benchmark.
We can help you locate and buy
an unlisted property without any competition from other buyers in our crowded real estate market.
They will send you listings as they become available and they will also send
you any unlisted properties that are made available to them through their extensive database of past clients and contacts.
The most bang for your effort is in
unlisted properties.
If
an unlisted property is offered, permission must be obtained from the owner.
• Notify me — choose to receive email notifications if a price changes on a specific listing or if
an unlisted property goes on the market.