The Property Heroes

It's Tax time which is always a topical time of the year.  Should you buy, what do you buy and like all things property, there is always so much information around it.  Key things:The reasons you should be buying propertyNegative gearing Types of properties which have a higher benefitWhy tax savings shouldn't be the main driver for a property purchaseCapital growth vs Tax savingsConnect with us below:—Instagram:https://www.instagram.com/letsbuyproperty/Facebook group:https://www.facebook.com/groups/letsbuyproperty/Facebook page:https://www.facebook.com/letsbuypropertyfb/Website:https://www.letsbuyproperty.com.au/

Notes:Oh, were alive! Apologies to our listeners, we had a mega two weeks and yes VIC is back in lockdown. We are all safe, and back on our regular programming. Key things we cover:         What are fixed rates and banks telling us about the market?         Is the property market plateauing?        Our advice on two scenarios in the market right now!Connect with us below:—Instagram:https://www.instagram.com/letsbuyproperty/Facebook group:https://www.facebook.com/groups/letsbuyproperty/Facebook page:https://www.facebook.com/letsbuypropertyfb/Website:https://www.letsbuyproperty.com.au/

The Property heroes talk more candidly about the budget and its impact.Key things:     In summary, the budget was always going to be expansionary, spending to help us through covid and then grow the economy.     Untimely our belief is that it doesn’t matter, no budget will make a material impact on your own life plan (especially to buy a house).Keep the course or start the journey to growing investments, as it will serve you far better than waiting for a government budget to really help you.Connect with us below:—Instagram:https://www.instagram.com/letsbuyproperty/Facebook group:https://www.facebook.com/groups/letsbuyproperty/Facebook page:https://www.facebook.com/letsbuypropertyfb/Website:https://www.letsbuyproperty.com.au/

In today's episode we tackle FOMO, with a client example (thanks Dane!).Key topics we tackle:What is property FOMO?How to beat FOMO?Key mistakes with FOMO?Meeting the market as a buyer.Understanding any home becomes a home.Connect with us below:—Instagram:https://www.instagram.com/letsbuyproperty/Facebook group:https://www.facebook.com/groups/letsbuyproperty/Facebook page:https://www.facebook.com/letsbuypropertyfb/Website:https://www.letsbuyproperty.com.au/

Victoria has had a raft of new rental law changes, from annual safety testing, allowing pets and more. These changes shift the power well and truly into the renter's side (which is a good and bad thing). The proposed changes have been in the works for ages, but are nowhere and in full swing. We chat about how we think these change investors mindsets (or not?). Short and sharp! Enjoy.Connect with us below:—Instagram:https://www.instagram.com/letsbuyproperty/Facebook group:https://www.facebook.com/groups/letsbuyproperty/Facebook page:https://www.facebook.com/letsbuypropertyfb/Website:https://www.letsbuyproperty.com.au/

On today's podcast, our heroes tackle one of the hardest parts of your journey. How to evaluate a property?1. Have a narrow criteria - It's difficult to monitor multiple markets, locations, or styles of property - Keeping your criteria narrow allows you to become an expert faster2. Find comparable sales, and use them as your base - To evaluate a property you need to have a list of comparable and relevant properties to help - The best place to start is the SOLD section of Realestate.com.au or Domain to help - FYI: The Statement of Information is terrible so make sure you are wary of its information3. Documents your comparable sales and have a process for updating it4. Now find properties you are interested in and use your process to plus/minus the price based on a number of factors: - When did these sell and how much has the general market moved? - How much has the market moved in your area? - Adjust for physical factors? Location, street, land size, bedrooms, quality of build, the goal is not to determine the perfect value, but to look at properties you like, that you can afford to get you to the negotiating table.Connect with us below:—Instagram:https://www.instagram.com/letsbuyproperty/Facebook group:https://www.facebook.com/groups/letsbuyproperty/Facebook page:https://www.facebook.com/letsbuypropertyfb/Website:https://www.letsbuyproperty.com.au/

The market is roaring, but how long can it keep going. We discuss a few factors, that got us here and what we think will happen?P.S. -  ANZ forecast is an average 17% growth for 2021 and 6% in 2022.1. Supply vs. Demand, where are we at?2. Buyer fatigue, how can this hurt the market?3. Is lending getting easier, will it push up prices?4. What we think the year will look likeConnect with us below:—Instagram:https://www.instagram.com/letsbuyproperty/Facebook group:https://www.facebook.com/groups/letsbuyproperty/Facebook page:https://www.facebook.com/letsbuypropertyfb/Website:https://www.letsbuyproperty.com.au/

As the property market in Australia rages on, we are seeing more and more articles and videos pop up about the doom and gloom crash that's coming. Whilst no one knows what the future holds, if these articles are holding you from buying, here are our five tips to help.1. Think about always leaving some funds after settlement2. Be aggressive in your savings post-settlement (albeit its hard)3. Buy within your means to help you have a lower mortgage4. Clear all personal debts beforehand, keeping your cash flow high5. Talk to a good financial planner about insuranceConnect with us below:—Instagram:https://www.instagram.com/letsbuyproperty/Facebook group:https://www.facebook.com/groups/letsbuyproperty/Facebook page:https://www.facebook.com/letsbuypropertyfb/Website:https://www.letsbuyproperty.com.au/

In this episode, we chat through our March Market update, and yes, it's been Mad. Some key topics:- ANZ forecasts 17% growth for property- Feb 2020 increase is 2.5% for Sydney and 2.1% for Melbourne- Finance approvals are the highest they have ever been- Some tips about buying when the market is risingConnect with us below:—Instagram:https://www.instagram.com/letsbuyproperty/Facebook group:https://www.facebook.com/groups/letsbuyproperty/Facebook page:https://www.facebook.com/letsbuypropertyfb/Website:https://www.letsbuyproperty.com.au/

In today's episode we talk about yield and how it plays into investments and property purchases.1. What is a yield?2. Why is it different between assets?3. How do yield and interest rates work together?4. What's the going yield for a property?5. When interest goes up and down, what changes occur to yield and prices?6. The link between rental costs, interest rates, and yield?Connect with us below:—Instagram:https://www.instagram.com/letsbuyproperty/Facebook group:https://www.facebook.com/groups/letsbuyproperty/Facebook page:https://www.facebook.com/letsbuypropertyfb/Website:https://www.letsbuyproperty.com.au/

Today, we will revisit the risk factors with new apartments and deep dive into how developers that focus on profit can really affect your valuation. Key items:So who are all the parties involved in a new build? DeveloperDevelopment managerProject managerBuilder and subcontractorsSales and marketingHow do these affect your price?Each of these players is out to run a business and so their profit sits within the purchase price of your property. As an example, when you generally buy a new apartment there can be a sales commission of 2% all the way to 15%. These are cost inbuilt into your apartment price that isn't reflected in the fixtures and fittings of the place. Herein lies the risk of bank valuers, who know these tricks and provide lower results (which can leave you financially ruined!). What stories have we heard? Hear about the Rolex Watch story, the $18k gift and more tactics that we have seen occur in the murky world of a new apartment builds.What else?We talk about value management, rental guarantees, and how the builder can change his mind using the 'artist impression' tactic and also all the clauses that allow them to do so.So why do people buy new apartments? First homeowner grants is a big oneIt's nice and newIt's in a good areaI get a rental guaranteeWe say, these are nice to have but it's not worth it in the event your property goes down in value. Connect with us below:—Instagram:https://www.instagram.com/letsbuyproperty/Facebook group:https://www.facebook.com/groups/letsbuyproperty/Facebook page:https://www.facebook.com/letsbuypropertyfb/Website:https://www.letsbuyproperty.com.au/

In today's episode, we discuss the topic of inflation and how it can move the market and RBA's decisions.Key topics are: What is inflation?What are the media talking about the risk?If inflation is high what happens?How to protect yourself from inflation? Summary: Invest to stay ahead of inflation!!Connect with us below:—Instagram:https://www.instagram.com/letsbuyproperty/Facebook group:https://www.facebook.com/groups/letsbuyproperty/Facebook page:https://www.facebook.com/letsbuypropertyfb/Website:https://www.letsbuyproperty.com.au/

In today’s episode, we talk about the top 3 things investors do well when looking for a property.From the property side:1. They have an amazing property plan2. They focus on the numbers and quality of the asset3. They maximise the buying potential and most fastFrom the finance side:1. They look for investment-friendly banks2. They focus on cash flow from their loan via fixed rates and interest only3. They increase the chance of buying multiple properties by funding their first correctly.Enjoy!Connect with us below:—Instagram:https://www.instagram.com/letsbuyproperty/Facebook group:https://www.facebook.com/groups/letsbuyproperty/Facebook page:https://www.facebook.com/letsbuypropertyfb/Website:https://www.letsbuyproperty.com.au/

In this week’s episode, the team talks about all townhouses. With the market moving so fast in Melbourne (and around Australia), the price point for a full block is fast reaching the moon. So James our property expert takes us through the top items to look at when reviewing a townhouse. Enjoy! Connect with us below:—Instagram:https://www.instagram.com/letsbuyproperty/Facebook group:https://www.facebook.com/groups/letsbuyproperty/Facebook page:https://www.facebook.com/letsbuypropertyfb/Website:https://www.letsbuyproperty.com.au/

In today's episode, we discuss the snap lockdown in VIC!- How or will this lockdown affect the property market?- Where are the three segments of the market (first home buyers, owner-occupiers and investors)- We go down a rabbit hole on inflation and investors mindset. To stay the course on your property plan! Connect with us below:—Instagram:https://www.instagram.com/letsbuyproperty/Facebook group:https://www.facebook.com/groups/letsbuyproperty/Facebook page:https://www.facebook.com/letsbuypropertyfb/Website:https://www.letsbuyproperty.com.au/

Welcome back! 2021 is going to a huge year... or is it? In today's kick-off episode we discuss:- 30% growth in property for over 3 years? - Is a recession coming and do we care? - RBA makes it known that rates will be low till 2024?And generally property banter. Connect with us below:—Instagram:https://www.instagram.com/letsbuyproperty/Facebook group:https://www.facebook.com/groups/letsbuyproperty/Facebook page:https://www.facebook.com/letsbuypropertyfb/Website:https://www.letsbuyproperty.com.au/

In this episode we say a big good bye to 2020 and review what the hell happened:Key topics:- Talking about the change in property market during the 12 months- Talk about the forecasts and goverment stimulus that helped- Take a look at what we think may happen in 2021- Discuss how to tackle buying in a growing market- Finally a big thank you to everyone who has tuned in!See you all in 2021!We release a few different episodes a weekMonday- A short rapid-fire educational episode about property/real estateWednesday- A longer form, conversational episode talking all things property and finance.Friday- A short rapid-fire educational episode about finance. If you have any questions or any comments, it would be great to hear from you help@letsbuyproperty.com.au or you can reach us through our social.—Instagram:https://www.instagram.com/letsbuyproperty/Facebook group:https://www.facebook.com/groups/letsbuyproperty/Facebook page:https://www.facebook.com/letsbuypropertyfb/Website:https://www.letsbuyproperty.com.au/

In today's episode, we talk about goal setting.We dive into how James does it well and Shehan can most certainly improve.Key ideas:- You must have a personal approach to goal setting- It must work for you- It's ok to have long goals- Its ok to fall off the bandwagon and jump back on- How to set goals for a property purchaseHappy goal setting!We release a few different episodes a weekMonday- A short rapid-fire educational episode about property/real estateWednesday- A longer form, conversational episode talking all things property and finance.Friday- A short rapid-fire educational episode about finance. If you have any questions or any comments, it would be great to hear from you help@letsbuyproperty.com.au or you can reach us through our social.—Instagram:https://www.instagram.com/letsbuyproperty/Facebook group:https://www.facebook.com/groups/letsbuyproperty/Facebook page:https://www.facebook.com/letsbuypropertyfb/Website:https://www.letsbuyproperty.com.au/

In today's episode, we discuss the ins and outs of a guarantor loan.Topics:- What is a guarantor loan?- How does a guarantor loan work?- How much can I borrow using a guarantor?- How does it look on my internet banking?- What are the requirements?- How do I talk to my parents about a guarantor loan?- What are the risks?- What banks do guarantor loans best?Thanks again and catch you next time.The Property Heroes—We release a few different episodes a weekMonday- A short rapid-fire educational episode about property/real estateWednesday- A longer form, conversational episode talking all thing property and finance.Friday- A short rapid-fire educational episode about finance. If you have any questions or any comments, it would be great to hear from you help@letsbuyproperty.com.au or you can reach us through our social.—Instagram:https://www.instagram.com/letsbuyproperty/Facebook group:https://www.facebook.com/groups/letsbuyproperty/Facebook page:https://www.facebook.com/letsbuypropertyfb/Website:https://www.letsbuyproperty.com.au/