The 5th edition of the Tour de PIF, the Property Industry Foundation's Annual Cycling Challenge has already received over 60 individual registrations.

To be held on Sunday 14 September, Tour de PIF aims to raise over $200,000 net for disadvantaged youths. The GPT Group is the major sponsor for the event with supporting sponsors including KPMG, Holding Redlich, Taylor and HDR Rice Daubney.

The Tour de PIF is expected to have more than 300 participants on race day.

Rosemary Smithson, National Chief Executive Officer of PIF said that the 2013 Tour de PIF was a great success with over $200,000 net raised for at risk and homeless young people. The money went into the Foundation's charity building project, which provides accommodation for young people ready to re-enter the workforce.

They now look forward to another successful year and the opportunity for the property industry to come together for the benefit of the homeless.

All proceeds will go towards the Foundation's PIF House Program, which has been developed to take young homeless people off the streets and get them back into society.

Participants in the Tour de PIF cycling challenge can choose from a 62km ride or a 116km ride, both starting from Bobbin Head. Cyclists will receive an official Tour de PIF jersey, refreshments and a gourmet BBQ lunch at the conclusion of the event.

The yellow jersey will be awarded to the individual who raises the most overall funds while the polka dot jersey will go to the team raising the most funds. A green jersey will be given to the rider with the most donations received and a white jersey will be given to the rider under 30 years who raises the most amount of dollars.