Podcasts about property buyer

Nick Goodall is an ace with numbers, and he has a knack for transforming facts and figures into compelling stories to inform a wide range of audiences. He is the Head of Research and is the forefront of the latest trends driving the NZ property market.   Amongst other things Mark and Nick discuss: -  Statistics on Different types of buyers and how important the different type of buyers are in the market -  The OCR -  What's happening with the property market -  The Property Cycle -  Advice to first home buyers There are some real gems in this conversation so if you are an investor, first home buyer or have an interest in property take a listen to this.

Housing Market Bounces Back Following Interest Rate Cuts Rightmove Reports. New buyer enquiries rise according to Rightmove and Zoopla, as mortgage rates fall. Watch video podcast - https://youtu.be/HInDo9iT_7w How will Labour's new Renters Rights Bill 2024 affect buy-to-let landlords? The Labour Party's Renters' Rights Bill 2024 is poised to bring significant changes to the UK's rental market, impacting both tenants and buy-to-let landlords. Understanding these changes is crucial for landlords to navigate the evolving landscape effectively. Watch video version - https://youtu.be/Wx1HXgVW1bM Section 24 Landlord Tax Hike Interview with Chartered Accountant and property tax specialist who reveals options and solutions to move your properties from your own name into a limited company or LLP whilst mitigating the potential HMRC pitfalls. Email charles@charleskelly.net for a free consultation on how to deal with Section 24. Watch video now: https://youtu.be/aMuGs_ek17s 3 Steps To Success Financial Freedom And Money Management! I want to take you to the next level, help you get control of your money, learn how to invest and become financially free.  Join me online on my free live money management training Wednesday at 7.00PM.  Places are limited, so register now below to avoid disappointment. https://bit.ly/3QPp8IH #finance #moneytraining #moneymanagement #wealth #money #marketing #sales #debt #leverage  #finance #moneytraining #moneymanagement #wealth #money #marketing #sales #debt #leverage #property #investment #Homeownership #financialplanning #moneymanagement #financialfreedom #section24tax #financialindependenceretireearly #RentersRightsBill #BuyToLet #LandlordLife #UKPropertyMarket #TenantsRights #RentalProperty #PropertyInvestment #LandlordChallenges #RentControl #PropertyStandards

Matt is the founder and Director of Sharp Property Buyers. Raised on the NSW Central Coast, he has been passionate about the property market from a young age. After purchasing his first property ten years ago, Matt has continued to build a robust property portfolio both locally and across Australia. Matt's experience and local market knowledge sets him apart from the rest, he knows every inch, corner and crevice of the Central Coast. Matt is a proud member of PIPA, and a QPIA.In this episode we hear about his passion for the Central Coast and how no matter where he roams, the waves bring him right back home. He shares his idyllic childhood and the NRL dreams he entertained before landing in the corporate world, which opened his eyes to an entirely different way of life. We'll also hear how rugby league influenced the way he runs his business now, and the family investment he spearheaded from a young age, catapulting him into the career of his dreams. Hosted on Acast. See acast.com/privacy for more information.

Matt is the founder and Director of Sharp Property Buyers. Raised on the NSW Central Coast, he has been passionate about the property market from a young age. After purchasing his first property ten years ago, Matt has continued to build a robust property portfolio both locally and across Australia. Matt's experience and local market knowledge sets him apart from the rest, he knows every inch, corner and crevice of the Central Coast. Matt is a proud member of PIPA, and a QPIA.In this episode we hear about his passion for the Central Coast and how no matter where he roams, the waves bring him right back home. He shares his idyllic childhood and the NRL dreams he entertained before landing in the corporate world, which opened his eyes to an entirely different way of life. We'll also hear how rugby league influenced the way he runs his business now, and the family investment he spearheaded from a young age, catapulting him into the career of his dreams. Hosted on Acast. See acast.com/privacy for more information.

High risk, high return is the perception when it comes to property development. So, no wonder that only 2% of all property investors actually engage in property development activities. If you have ever thought about property development, this is the episode for you. In this episode we cover: How to get started in property development Tips and tricks from an experienced property developer Is there still money to be made in development? Expected ROI and how to decide between cash vs debt funding Property developer Daichi Somehara of buyers agency firm Property Buyer joins Wealth contributor James Gerrard of FinancialAdvisor.com.auSee omnystudio.com/listener for privacy information.

Hi and welcome to another edition of "Leading and Growing Your Real Estate Business." I'm Coach James Short, AKA Shorty, and I'm super grateful for all the new subscribers to the show. Because of this support, we have some exciting news. The folks at Magic Mind reached out and sent me some of their productivity shots to try. Magic Mind is a mental productivity shot packed with nutrients, phyto minerals, vitamins, and some cool mushrooms to enhance clarity, focus, and productivity. Check them out at magicmind.com/jamesshort and use the promo code JAMESSHORT20 to get 20% off your one-time purchase. Now, let's get on with the show. Today's guest is a good friend and a true mover and shaker in the commercial real estate industry. Alberto De Grava is a highly qualified and licensed commercial buyer's agent from Property Buyer, with over 10 years of experience in sales. Alberto is known for his excellent negotiation and communication skills, and his ability to empathize with clients while maximising their property investments with well-planned strategies. It's an honor and privilege to have him today. Alberto, welcome to the show! Here are five key points from our interview: 1. Entry into Real Estate: Alberto transitioned from retail and hospitality into real estate in 2014, encouraged by friends who saw his potential in the field. Despite visa challenges, he pursued certification and landed his first role in a commercial agency. 2. Difference Between Residential and Commercial Real Estate: Alberto explained the complexities of commercial real estate compared to residential, highlighting different asset types, zoning laws, and the non-emotional, numbers-driven approach of commercial transactions. 3. Market Insights. The commercial real estate market is currently "patchy." The performance varies greatly depending on the location and asset type. Industrial spaces remain strong, while retail and office spaces face more challenges. 4. Client Profiles: Alberto deals with a diverse range of clients, from small business owners to high-net-worth individuals and large corporations. The clients are often focused on numbers and business needs rather than emotional factors. 5. Mindset and Routine: Maintaining a positive mindset through disciplined daily routines is crucial for Alberto. His morning routine includes stretching, breathwork, meditation, gratitude practices, reading, journaling, and physical exercise. He believes these habits support his long-term approach and help him stay balanced and focused. Before we wrap up, don't forget to check out Magic Mind for a boost in your productivity. Head over to magicmind.com/jamesshort and use the promo code JAMESSHORT20 for 20% off your one-time purchase. Thanks for tuning in, and until next time, keep leading and growing your real estate business! #business #podcast #realestate #magicmind

On our first Property & Finance episode for 2024 Theo is joined by special guest Rich Harvey, CEO & Founder of Property Buyer. Rich Harvey brings over two decades of expertise as a buyers' agent, avid property investor, and professional economist. Theo and Rich dive into the thriving investor activity and the significant surge in stock levels across the market. They explore potential lending opportunities within your SMSF and dissect how the new tax cuts will influence your borrowing power. Rich takes a deep dive into investment prospects in NSW & across the country, highlighting remarkable properties boasting impressive 9.7% net yields. Plus, they uncover suburbs to watch with insights from the Shore Financial's State of Sydney report. Tune in for invaluable insights! The information shared on this podcast is of a general nature only and has been prepared without taking into account your particular financial needs, circumstances and objectives. While every effort has been made to ensure the accuracy of the information, it is not guaranteed. You should obtain professional advice before acting on this information. Additionally, this podcast may include certain forward-looking statements. Forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors, many of which are beyond our control. You should not place reliance on forward-looking statements.

Listeners are treated to a fascinating journey through Rich Harvey's career trajectory, from their humble beginnings to becoming a respected professional. Through insightful anecdotes and personal reflections, Rich delves into the evolution of the real estate market, shedding light on key trends, shifts, and pivotal moments that have shaped the industry over the years. Know more about⁠ Rich Harvey and Property Buyer. Tune in to our podcast for more interviews like this and for the latest property market news! #podcast #forthepropertyinvestor #leifieldrealestate #realestateau #australia #perth #melbourne #brisbane #sydney

We talk with Veronica Morgan the Founder and Principal of Good Deeds Property Buyers about what is happening within the space of those who have become 'Buyers Agents' and learn about the regulation. You need to listen carefully before engaging a property buyer because they are not all the same.  ► Subscribe here to never miss an episode: https://www.podbean.com/user-xyelbri7gupo ► INSTAGRAM: https://www.instagram.com/therealestatepodcast/?hl=en  ► Facebook: https://www.facebook.com/profile.php?id=100070592715418 ► Email:  myrealestatepodcast@gmail.com    The latest real estate news, trends and predictions for Brisbane, Adelaide, Canberra, Gold Coast, Sydney, Melbourne and Perth. We include home buying tips, commercial real estate, property market analysis and real estate investment strategies. Including real estate trends, finance and real estate agents and brokers. Plus real estate law and regulations, and real estate development insights. And real estate investing for first home buyers, real estate market reports and real estate negotiation skills. We include Hobart, Darwin, Hervey Bay, the Sunshine Coast, Newcastle, Central Coast, Wollongong, Geelong, Townsville, Cairns, Ballarat, Bendigo, Launceston, Mackay, Rockhampton, Coffs Harbour.     #sydneyproperty #Melbourneproperty #brisbaneproperty #perthproperty   

Get a fair, all-inclusive cash offer for your unwanted vacant land in and around Fort Worth. Submit details of your property via the Land Avion website. Go to https://landavion.com for more information. Land Avion, LLC 2521 North Main Street #1-276, Las Cruces, New Mexico 88001, United States Website https://landavion.com Email prc.pressagency@gmail.com

With fair all-cash offers and super-efficient processes, Land Avion is the fast and convenient way to sell that unwanted parcel of land in Virginia. Go to https://landavion.com for more information. Land Avion, LLC 2521 North Main Street #1-276, Las Cruces, New Mexico 88001, United States Website https://landavion.com Email prc.pressagency@gmail.com

On Tuesday's Morning Focus, Alan Morrissey spoke to Avril Collentine of Cahir & Co Solicitors, Ennis for the legal advise slot. This week, Avril provided advice for first time residential property buyers.

Formerly known as The Property Planner, Buyer and Professor, we've rebranded to The Property Trio. Our listeners who have subscribed to our show don't need to do a thing. Each week's episode will keep landing in your feed.Got a question for the trio? https://zfrmz.com/0S6ddQ7y4WzaE3qX3xZtShow notes: https://propertyplanning.com.au/the-property-professors-memoirs-part-3-ep-199/This is arguably one of the trio's favourite set of episodes. Taking a trip down memory lane was not only a thrilling chat for Pete, but a wonderful way to share some very important learnings with our listeners.Following on from last week's episode 1 where Pete got started on his property journey in 1984, this week's episode introduces listeners to Pete's learnings as he embarked on value-adding to his investments.Episode 1 - Getting Started. It starts back in 1984 when Pete and his wife purchased their first home in High Street, Ardrossan (SA) and spans the the purchase of their first upgrader home, as well as some early value adds and long-term investments that Pete embarked on.Episode 2 - Property Speculation. Pete branched into purchasing value add properties and wised up to other ways that investors can value add, other than gaining a DA.Episode 3 - Property Development and Construction. Pete started building and retaining properties in this particular investment phase. In Episode Two, Dave delves into Pete's 'mid-journey' property acquisitions and upgrades.In the last of these three special episodes, Cate hosts this episode and looks into the various ways that Pete's skillset and experience have enabled him to achieve success and to have choice as he approaches semi-retirement. Episode Three hinges on Pete's growing expertise in relation to subdivision and building."Two equilateral triangles make a square"... Listen in to find out how Pete optimised two sites for development.Pete also touches on his experience post-GFC with his NRAS scheme properties, and the implication of the benefits that have spanned ten years of his investing journey.Cate reflected with Pete about his growing national brand and his achievements over the years. Pete appeared in almost every API magazine, contributed to journalist articles, authored two books; firstly in 2008 and then in 2013, he's continued his studies, maintained his passion in property as an active investor, and in 2013 Pete had what he describes as a 'landmark year'. His Masters of Urban Regional Planning study commenced, he was teaching full time, he managed authoring his book and he was training for a marathon. No small feat indeed."Knowledge is power in many different fields, and it's no different when it's in property."Pete emphasises the need for investors to take action, because time is only a wonderful thing once you're investing. He considers some of the students he's taught and the people who have asked him for help over the years, and he touches on the sad reality that many didn't take action to actualise their goals. Pete's saga about his daughter bidding for him while he was holidaying in Melbourne. While sitting outside a fashion shop waiting for his wife, he trawled the internet on his phone. Recognising a poor listing on the internet that had previously been incorrectly uploaded, Pete set himself the challenge and geared up for an auction (with his daughter's help) in a tiny space of time. It's a wonderful story! Tune in to hear why this particular property caught Pete's eye.Another great project that Pete shares with our listeners relates to a quadrilateral shaped block that one of his students identified, and in fact it's one of his favourite developments. Pete built the townhouses and holds them to this day, retaining them as a key piece of his retirement plan."You don't need to be a genius to do well in property. You just need to know a bit more than the last person".The trio ponder the properties they've sold, the losses they've averted and the reasons why they sold at the time. Pete's sensible words of wisdom shine through as he reminds listeners that sometimes we make decisions that were the right decisions to make *at the time*.To sign off the episode, Pete happily sits in the hot seat and answers Cate and Dave's questions. From his best performer, to his tips for success, this episode can't be missed.And... our gold nuggets!Pete Koulizos, the Property Professor's Gold Nugget: "Surround yourself with like-minded people to help you on your property journey."David Johnston, the Property Planner's Gold Nugget: Dave asked Pete a fantastic, burning question that he wanted to bring to light for the listeners; was Pete's property journey the right journey for *him*?Cate Bakos, the Property Buyer's Gold Nugget: Pete's success can be attributed to his passion, continuous learning and his willingness to take action, but a significant ingredient that Pete had on his side was all about time. He got started early.

Got a question for the trio? https://zfmz.com/uLtjhyBskV96PYeJfal ShowShownotes: https://propertyplanning.com.au/when-property-and-money-decisions-upset-relationships-part-2-ep-196/ Dave's market update is a special one - he has been in the mortgage industry for over twenty years and his mortgage intel is always exciting. One lender has re-introduced negative gearing into their serviceability calculator. This essentially means that "shading" on rental incomes enables heightened borrowing capacity for investors. While it's just one lender... these situations often mean more will follow.Cate's market update relates to civil and infrastructure works. From a planning point of view, home owners and investors should be mindful of the impact of these works. From compulsory acquisition to road widening to zoning changes, buyers should look into these changes and consider the impact to their purchasing plans.Following on from Episode 194, the trio uncover the common triggers for upgrader/family home buyer discord. From provisioning cashflow to enable parents to stay at home with young children to managing thoughtful discussions about retirement plans, Dave sheds light on the benefit of having buffers and a strategy to navigate some of these often-treacherous waters.Dave, Cate and Pete discuss some of the other tricky aspects, including;identifying the need for living in a show-home vs enjoying a simpler life- debt comfort level misalignment- investing vs nesting- location preference disharmonyCate reminds the listeners that having a mutually shared spot on the Venn diagram is essential to overcome couple's different preferences and clashing risk profiles. Dave raises an interesting point about the relationship between financial focus and personality traits. Not all people are financially literate and many have to be taught about the difference between good debt/bad debt, and the merit of having financial goals. What are some of the triggers for investor couples when it comes to upsetting a relationship? Pete uses a great example to illustrate the importance of remaining unemotional and pragmatic decision when it comes to investment property selection.And his two 'fundamentals' questions highlight just how pragmatic the Property Professor's approach is: "Is it in a good location, and does it have a good land component?" To support Pete's philosophy, Cate's favourite saying for her investor clients is; "You don't have to love it, in fact you don't even have to like it, but I want you to be proud of it." This extends to those who also confuse investment with holiday homes and future use potential.Sacrificing family home dreams is another common source of upset, as is impatience. Dave's example about the kids who were offered one marshmellow immediately, versus those who were rewarded with two marshmellows if they could wait for five minutes had the trio chuckling. Property investing really is a long game and it does require sacrifices at the start. The trio also chat about misalignment of preferences for asset classes, and bad previous experiences with property investing tarnishing enthusiasm.And... our Gold Nuggets!Cate Bakos, the Property Buyer's Gold Nugget: Cate shares some good tips based on personal experience. To get yourself in the best position to present to a financial advisor, Cate recommends couples take the time to understand each other's positions on wealth creation and debt aversion, and she encourages couples to be prepared to talk to each other about their sensitivities.David Johnston, the 'Property Planner's Gold Nugget: Dave notes that the crucial conversations are the hardest ones to have, but to push past the discomfort, remain open-minded, and to chat consistently is critical for couples who want to be on the same page.

Got a question for the trio? - https://zfrmz.com/uLtjhyBskV96PY6eJfaI https://propertyplanning.com.au/propertyplannerbuyerprofessor/ In this week's episode, Dave, Cate and Pete take you through: The difference between ROI (return on investment) and ROE (return on equity). Pete explains this critical differential and he and Dave highlight the sheer power of leveraging with a simple example. Our Property Professor shares some valuable formulae to consider in relation to the time value of money, including net present value (NPV). Gross lease vs net lease. Pete compares the differences and explains the critical things that commercial property landlords need to be familiar with when it comes to calculating and forecasting their rental returns. Finance terms: LVR, LMI, AML, VOI, valuation types (short form, long form, desktop, curbside, AVM, as if complete). Dave takes our listeners through each of these terms, some of which may be very familiar for our listeners but he has some twists and turns to shed light on for some of the lesser known acronyms and he expands on some of the detail behind many of these concepts. Valuation vs appraisal: why is this critical to understand? Even if the techniques are the the same, one is libel and one is just an opinion. Pete explores this important discretion. AIP (approval in principle), partial and full drawdowns, LOO. Dave covers these acronyms for our listeners and shares some great detail on construction lending; something particularly detailed for strategic mortgage brokers and banks, but a concept that many wouldn't necessarily know. COC and FTC : A certificate of currency (COC) is a requirement for every newly purchased property, and it's easy to arrange but often prompts a lot of questions. Funds to complete (FTC) is one of the most stressful last minute conversations when it's unexpected and raising a question around shortfall funds. Cate and Dave shed light on some of the causes of this so that our listeners can provision for the unexpected headache at settlement time. ...and our gold nuggets! "Don't change your job while you're going for a loan or awaiting settlement!" Peter Koulizos, the 'Property Professor's Gold Nugget: Pete suggests that any borrowers who find themselves confused about acronyms in their loan documentation or correspondence, they should ask their strategic mortgage broker or banker to explain it all. The team wish our listeners a happy 2023 with a special message each from the Property Planner, the Property Buyer and the Property Professor. Visit the show notes: https://propertyplanning.com.au/common-terms-and-acronyms-part-1-from-roi-to-voi-we-unpack-them-all-ep-186/

Got a question for the trio? - https://zfrmz.com/uLtjhyBskV96PY6eJfaI https://propertyplanning.com.au/propertyplannerbuyerprofessor/ In this week's episode, Dave, Cate and Pete take you through: Pet stats! Legislation confusion? The trio uncover legislation around pets and rental properties, and just how dramatically the states and territories differ. What is our biggest fear? Pete leads the taskforce with an overview of the top reasons why so many landlords fear pets in rental properties. Illegal dog training When saying yes to pets presents an advantage to a landlord Pet rental application cover letters? You bet! “Ohhh, THIS cat? It's my friends cat and it's just staying this weekend”. The trio talk about this old chestnut and focus on why some renters adopt this ploy How expensive is it to clean up after a bad pet-experience? What pet situations ring alarm bells? Pets pose a grave concern for a landlord, (or worse still, some pets and activities are illegal). How do property owners tackle a surprise pet in an investment property? Cate and Pete share their best tips Cate Bakos, the ‘Property Buyer's Gold Nugget: Cate reminds listeners that the risks of scaring a tenant into driving pet ownership underground can end in tears. Cate's approach is to be open about being open to pets so that pets are actually disclosed on the application. She also recommends capturing the age, breed and behaviours of a pet when asking tenants for pet bio's. Peter Koulizos, the ‘Property Professor's' Gold Nugget: Pete adds that by encouraging pet owners, landlords also widen their market. Dave also asks for some good advice on managing an unwelcome neighbour's cat…. Visit the show notes: https://propertyplanning.com.au/182-pets-and-rentals/

Simon Cohen is a buyer's agent and Co-Founder of Cohen Handler, the largest Property Buyer's Agency in Australia. Starting his career within Ray White, Double Bay, Simon was consistently ranked within the top five sales agents within the office, ultimately achieving “Top 3%” of agents Australia wide. As the highest-grossing buyer's agent in the country, Simon prides himself in making the process of buying a property one that is “simple, fun and rewarding for the buyer.” In this episode we discuss what it takes to not only make it on top, but stay there in a competitive market.See omnystudio.com/listener for privacy information.

If you don't have time to wait around for realtors to list and show your Graham property, call on reliable home buyers. Contact Orca Homes at +1-253-237-8240 or https://www.orcahomes.com today!

Got a question for the trio? - https://zfrmz.com/uLtjhyBskV96PY6eJfaIhttps://propertyplanning.com.au/propertyplannerbuyerprofessor/In this week's episode Dave, Cate and Pete take you through:Market update1. How do rents stack up against inflationPeter shares his research on rental returns over the last 10 years, which increased nationally by 11% for all dwellings. Compared with inflation, which increased by 25.6%, it's a good reminder of the benefits of capital growth focused investment properties. Check out our show notes for the growth rates of rents for each capital city.2. Closing in on the neutral cash rateWhilst opinions on where the neutral cash rate sits are many and varied, Cate reminds our listeners that we must be getting pretty close. Although economists don't have a crystal ball, no one is expecting the cash rate to reach 5% and the RBA is trying to reach the point of equilibrium quickly. Once the RBA slows down on rate movements, it's like that buyers and particularly those who have put their purchasing plans on hold to wait out the uncertainty, will jump back into the fray. Nothing encourages opportunistic buyers like a slow-down in rate increases.3. Economists revise down their predictions on the neutral cash rateDavid shares the early signs of economic inflection which could suggest that the neutral cash rate is may likely eventuate at 2-2.5%. As little as two months ago, money markets were predicting the cash rate would reach as high as 4.5%, however most bank economists now think that it will rise to 3%, with CBA being the most conservative at 2.6%. Money markets have also spiked in July by 5-6%, which brings positive news. Whilst the US is in a technical recession, an argument could be made that they are not actually in a recession due to the very low unemployment rate and other factors. It is also important to note that our technical definition of what constitutes a recession varies from that of the US.The extra mile buyers should go when shortlisting a property1. Listener Question: “A glass half full question … as we transition into a Buyer's market, what steps can investors take to be positioned to take advantage of an opportunity that might present itself”The trio start the episode by answering a question from a podcast listener and share their tips on how to get purchase ready, to strike when the iron is hot! Property is a long game and we do need to sometimes remind ourselves of this.2. What are some of the things we can check online before we even book an inspection?The trio share their hot tips on how to make the most of your internet searches when doing your online research.3. What things should you be looking out for immediately when inspecting in person?Cate shares with our listeners what to look out for when you visit an open house. Take note, listeners should use more than just their eyes when inspecting the dwelling! Pete shares the aspects of the land to keep an eye out for and why you should stick around for the whole inspection.4. How to assess a ‘workable' floorplan vs a complete overhaul floorplanAn illogical floorplan can be a huge pain, not to mention the financial commitment if you want to make adjustments. The trio discuss how to assess the floorplan, which could save you thousands on a planned renovation. However, the floorplan is not everything. For listeners who want to get into a particular location, especially first-time buyers, dealing with a less than ideal floorplan or a more run-down house could be the trade off to get into the best location.5. What kind of renovation are you planning? What is the difference between cosmetic work, work that requires tradies and work that needs a planning permit? It's important to be clear on what type of renovation you're going to be doing. And just as importantly, when you are inspecting a property, what work has been done? …and should there be certificates of compliance included in the contract of sale? If you do notice that renovations have been completed, bring them to the attention of your solicitor or conveyancer as they may have been done illegally!6. What you can find out from council about the land or dwellingThe trio discuss the information that you can find out from the council, and the encumbrances that could have a significant impact on your intended use of the land. Pete shares a hot tip on how you can stay abreast of any planned development in the area.7. Obtaining insurance quotesDo a quote online on the property you intend to purchase. Although it's not considered to be thorough research, the quote will give you a good indication of whether there could be a problem with the location in terms of flood or fire if the quote comes back higher than normal.Visit the show notes - https://propertyplanning.com.au/the-extra-mile-buyers-should-go-when-shortlisting-a-property-inspecting-like-an-expert-how-to-spot-red-flags-all-you-can-discover-for-free-online-assessing-a-floorplan-finding-nearby-de/

Got a question for the trio? - https://zfrmz.com/uLtjhyBskV96PY6eJfaIhttps://propertyplanning.com.au/propertyplannerbuyerprofessor/In this week's episode Dave, Cate and Pete take you through:Weekly Market Updates1. Adelaide market losing steamPete reports that there are not as many people at auction and less offers coming in prior to auction. Whilst the Adelaide market is still on the rise, it isn't increasing at the same rate as a month and a year ago. CoreLogic figures released this week show 0.4% increase over July.2. Rental squeezeCate shares an interesting article that she read on the weekend, highlighting the Victorian rental reforms to be a failure and go too far. With the pool of rentals eroding, vacancy rates reducing and rents on the upward trend, are the reforms pushing investors out of the market with their onerous requirements?3. Where is the neutral cash rate?Dave shares his updated predictions on where the neutral cash rate could lie (2-2.5%). The current cash rate of 1.35% is above the level of June 2019 and almost double the pre-pandemic level. With a 0.5% rise expected today, the new 1.85% cash rate will be the highest since July 2016. This sparks concern that the RBA is going too hard and too fast. Inflation is a concern, but not at the expense of household wealth and jobs. Figures from Westpac show that while 29% of borrowers are a year ahead of repayments, 50% are less than one month ahead.Visit the show notes - https://propertyplanning.com.au/analysing-regional-locations-what-investment-principles-can-be-gleaned-from-the-highest-performing-regions-in-each-state-comparing-capital-city-vs-regional-performance-from-2003-b/

https://propertyplanning.com.au/propertyplannerbuyerprofessor/In this week's episode Dave, Cate and Pete take you through:Market update1. Pick your advisors wisely!Cate shares a recent experience of working as a Buyer's Advocate for a friend. The moral of the story? When you're working with a professional, if you know their work and you trust them, you can get a great outcome, because speed and swift decision making is everything.2. How will the unemployment rate impact rate rises?The latest figures from the ABS show that unemployment has dropped to 3.5%. This has caused quite the stir, with economists now expecting rates to rise by 0.50% next month, maybe even 0.75%. David cautions that the RBA shouldn't move too hard too fast on rate increases, but it is looking increasingly unlikely that the RBA will move by 25 basis points only. It will be interesting to see what actually occurs next week…3. Rents playing catch upIncreasing rents have been the talk of the town, with rents recently going up significantly. Pete shares some interesting data which highlights that in the last 10 years, rents have not kept up with inflation despite the dramatic increases. How will this inform future policy decisions from the Minister for Housing? We will have to wait and see.Updated predictions for 20221. A look in the rear view mirror at the first half of 2022The trio revisit the predictions they made at the beginning of the year. Were they on the money or did they miss the mark? Tune in to find out!2. What will the property market do in 2022?What capital growth rates can we expect around the nation this year? The trio review their predictions and lay their predictions down for the rest of 2022.3. Which capital cities will be the top performers?The trio look into the crystal ball, pour over the data and explain which capitals are expected to top the charts this year. But remember, property is not an asset class that lends itself to short-term investing. The important thing is to plan and strategise for the long-term.4. How will regional locations fare?Regional locations have again outperformed capital cities in the first half of 2022. But will that continue?5. Will investors jump back into the marketInvestors have shown strong increases in activity over 2021 but only a slight increase in the first 5 months of 2022. Is this trend likely to continue? The trio share their insights.6. Will APRA intervene in the property market?The RBA has done all the heavy lifting with increasing interest rates, meaning that APRA hasn't had to intervene to temper the market. But will the government search for ways to intervene to keep rental prices lower and tempt first home buyers back into the market?7. Developers and buildingResidential construction costs continue to climb and builders are flat out with projects, exacerbated by labour shortages, materials shortage and supply chain delays. How long will costs continue to remain high and what impact will this have on the property market?8. The outlook for interest rates?The trio share their predictions for future cash rate rises by the RBA and at what point they each think will the rate rises end.9. Rental market forecastsRents have continued to climb and vacancy rates have tightened. The trio discuss the outlook for rental markets for the rest of 2022.10. Sales volumesAfter a record breaking year in 2021, sales volumes have lost pace and have trended back towards the five-year average. What does the future have in store? Tune in to find out!11. Risks which could impact the property marketThe trio discuss potential risks on the horizon which could impact the property market this year.12. Where is inflation heading?When will inflation peak and what will cause the slow down? The trio discuss and lay their predictions down.Visit the show notes - https://propertyplanning.com.au/predictions-for-2022-revisited-which-predictions-are-on-track-where-we-went-wrong-revised-expectations-forecasts-half-yearly-report-on-capital-cities-regional-locations-the/

Got a question for the trio? - https://zfrmz.com/uLtjhyBskV96PY6eJfaIhttps://propertyplanning.com.au/propertyplannerbuyerprofessor/In this week's episode Dave, Cate and Pete take you through:1. Markets across Australia dip further over JuneFor capital cities already in retraction, the rate of decline has increased over June, while those still experiencing value growth have seen a definitive slow-down in the rate of price increases. Sydney in particular has made the headlines, with a median dwelling price drop of 1.6% over June, the largest monthly fall since 1989. The trio discuss the fact that these circumstances are not unusual after a period of rapid price growth.2. Upper quartile feeling the pinchAs is typical of rising and falling markets, the upper quartile is leading the price declines and feeling the pinch more than the lower quartile. This has a significant impact on median values, as statistically, the bigger numbers are removed from the data pool. However, it's important to note that quality property is still in high demand, particularly if it sits within the median price range and buyers should not expect a bargain. A key example is entry level family homes where there is simplynot enough stock to cover the demand.3. How capital cities have fared over the last 40 yearsCate shares some interesting data collected from the REIA showing annual value growth for each capital city since 1980. Whilst a 1% differential in annual growth compounded over 40 years will make a significant difference to the end result, it's important to remember that there are many facets to consider when investing, such as vacancy rates, insurances, maintenance costs and rental returns. Although one capital city may have performed better than another over the long-term, price points are significant and could mean that it's better to purchase a high-quality asset in a lower performing city vs a low-quality asset in a high-performing city.4. Market cycle trendsThe trio discuss the trends in market peaks, which cities were the first to move and how these moves correlate with population size for the corresponding cities.5. Taking a critical eye to data and median valuesThe trio discuss data and differences between the nation's data houses: REIA, ABS and CoreLogic. As an interesting note, Brisbane is gaining on Melbourne in median values for all dwellings, but a closer look at the data shows that it's not all that it seems...6. Rollercoaster rentsThe trio discuss the case of Darwin which has had large swings in annualised rents over the last year, resembling one of the scariest roller coasters in the theme park. Melbourne units lead the charge for rental increases, which suggests that people are migrating back to the city and a supply-side issue could be brewing. To add to the pressure cooker, vacancy rates tighten further across most capitals. How will this impact the property market and who are the buyers likely to jump into the fray? Stay tuned to find out.7. Listings follow the annual trend and dwelling sales return to normalcyFollowing the usual seasonal winter trajectory, listings have dropped in Melbourne, Sydney, Adelaide and Canberra. The trio discuss the curious case of Hobart, which has seen a very large increase in listings year on year. Although being a smaller city, it doesn't take many transactions to register some serious numbers. In terms of dwelling sales, the figures are tracking back towards the 5-year average, after a spike in activity last year following an uptake in lifestyle decisions that were put on hold during covid.8. Consumer sentiment bodes well for inflationThe trio discuss the latest data on consumer sentiment, which shows a reluctance on the part of consumers to buy major household items. This indicates that the RBA 125 basis point rate movement is taking effect and consumers are now watching the hip-pocket and cutting back on spending. Could this also be attributed to the increased cost of living though? The time to buy a dwelling index has reached a new low post the GFC and the trio discuss an increasing chasm in sentiment between male and female purchasers.9. Will the RBA oversteer the ship again on inflation?David explains why the Australian economy is particularly sensitive to interest rate changes, compared with other countries. This means that any rate changes are likely to have a big and fast impact, as is already showing in the consumer sentiment data, with willingness to spend dropping significantly. Ideally the RBA will not raise rates more than 0.25% next month or even, dare we say it, take a break. The trio discuss a significant hurdle and structural weakness with inflation data, it is simply too old! By the time the RBA knows what's happening with inflation, it's too late.10. Lending indicators and the three-year bond yieldNot much has changed over May, although we expect to see a shift towards investors in the coming months as home purchasers elect to wait and see. The three-year bond yield peaked on 20th of June and has started to drop slightly since, which indicates that the market is starting to draw back predictions on how high rates will rise.Visit the show notes - https://propertyplanning.com.au/market-update-june-22-why-the-rba-needs-to-be-mindful-of-going-too-hard-too-fast-on-rate-increases-top-capital-city-performers-over-the-last-40-years-why-median-values-cant-be-tru/

Got a question for the trio? - https://zfrmz.com/uLtjhyBskV96PY6eJfaIhttps://propertyplanning.com.au/propertyplannerbuyerprofessor/In this week's episode Dave, Cate and Pete take you through:Market update1. Investors making a come backCate discusses the return of the investor. Enticed by less competition, higher rental returns, tight vacancies and longer tenures, investors are coming back into the market and taking advantage of the opportunities.2. RBA lifts ratesDave shares with our listeners that once again the RBA has lifted the cash rate by 50 basis point to a target of 1.35%. This will flow through to the lending market variable rates. Many economists are tipping that the cash rate could climb to as high as 2.0% or possibly more. The move is largely to tackle the current inflationary environment, with inflation forecast to peak later this year and then decline back towards the 2-2% range in 2023.3. Understanding vendor motivationCate shares some hot tips for prospective purchasers on whether you should put in a pre-auction offer and why entry level family homes are still going strong despite the softening market conditions.4. Adelaide is at the top of the charts over the financial yearPete shares some exciting news for his home town Adelaide which has snuck into the top position over the last financial year with 25.7% annual growth over Brisbane's 25.6% annual growth. Can Adelaide do it again over the calendar year? Interestingly, Brisbane may overtake Melbourne in median house price. Watch this space!Case study #41. The conundrumThis case study follows the journey of Jason and Amy, who wanted assistance deciding whether they should purchase a home or investment, before or after they have kids, how their cash flow would change as they start their family, what cash savings buffers they should have in place, and how much they should spend and which location.2. Introducing Jason and AmyDavid shares Jason and Amy's key circumstances and of course, their lifestyle and property goals which are driving their decision. Jason and Amy are a couple in their early 30's, yet to start a family, living in one of Australia's major capital cities. Their long-term plan was to continue living in a capital city, but thought they may move to a regional area in the short-term to be close to family and have some additional support as they start having children.3. Starting a family with your eyes wide openThe trio discuss the importance of understanding (and being comfortable) with the impact that starting a family will have on your cash flow. This could be the difference between holding on to a property and panic selling when savings start to go backwards.4. Modelling the scenarios Two scenarios were modelled for Jason and Amy, one to purchase their home now for $1.1M or an investment that could become the long-term home for $1.5M. The trio discuss the pros and cons of each scenario.5. So, what did they choose to do (and what was the compromise)?Tune in to find out which scenario Jason and Amy went for. Were they successful and what was the compromise?6. The risks of rent-vestingThe trio discuss the dangers of rent-vesting when the desire to get into the long-term family home takes over and some clever ways to work around this proactively.Visit the show notes - https://propertyplanning.com.au/property-planning-case-study-4-do-we-buy-in-the-capital-city-or-regional-centre-we-plan-to-live-in-both-before-or-after-we-have-kids-how-will-parental-leave-impact-our-price-range-should-it-be/

Got a question for the trio? - https://zfrmz.com/uLtjhyBskV96PY6eJfaIhttps://propertyplanning.com.au/propertyplannerbuyerprofessor/In this week's episode Dave, Cate and Pete take you through:Market update1. NSW land tax to put a floor under property pricesLooking at quarterly results, the two major cities with the biggest price falls have been Melbourne with 1.4% decline and Sydney with 2.1%. However, NSW will soon be implementing an optional land tax over stamp duty for first time buyers entering the market, which is likely to encourage some first home purchasers to dip their toe in the water and this in turn could increase demand.2. Pre-auction offersCate shares some hot tips for our listeners in preparation for today's episode on how to manage pre-auction offers in a cooling market and sometimes a better outcome will be achieved if you wait until the auction.3. Inflation may take longer than usual to come back downDavid shares an interesting theory on why rising rates may not be enough to curb inflation. Our lost life experiences over the last two years means that not even rising rates and increased mortgage repayments can curb our desires to go on holidays, see friends and spend extra money on getting social.How to tackle cooling markets1. A question from our listenerSome questions for the pod about how to approach a flat/cooling market.Cate what should you do when you are the only one to show up to an auction and or bid?Peter, how do you approach comparables when prices are falling?How do you take advantage of seller FOMO?I also think a whole pod on climate risk (BAL levels, flooding, future temperatures in capitals) would be good. Keep up the great podcast.2. When you are the only one at the auction, what are the risks that buyer psychology can pose? The trio discuss how buyer psychology can get in the way and cause obstacles for an opportunistic purchase. If the research has been done and the property is a winner, then ignore the white noise in your head that's saying there's something wrong with the property. It may just be your lucky day.3. How to value properties in a cooling marketPete explains how valuers actually assess the market value of a property and how comparable sales are used. More importantly, what adjustments valuers make in a rising market vs a falling one.You might apply some decreased percentage overlays to the historical sale prices. The same applies in a rising market, if dealing with a property that had 1% month on month growth, you will need to overlay this growth.4. Why falling markets are the best time to buyDave touches on market cycles and why in a falling market, you're likely never to get such a good price on a property ever again.5. The fear of over-payingWe can tie ourselves in knots over paying too much for a property. However, if you hold the property for the long-term, this amount will appear to be comparatively miniscule in the end. A reminder to our listeners, to purchase a property, you have to be willing to pay more than anyone else for it!6. Why research is the cure allThe trio discuss the worst-case scenario of purchasing a property and paying more than what a lender thinks it's worth. Cate explains why this is very rare and quite mitigated if the homework and due diligence is done. Now is not the time to cut corners. Roll up the sleeves and get through as many properties as you can.7. What do you do if the vendor's expectation is sky high?Cate shares her best tips on how to manage vendor expectations and how to negotiate in a falling market.8. Where can buyers get good information about current climate change risks associated with their property in question?Although we can't solve climate change in 5 minutes, there are some key considerations and signs to look out for that will indicate whether a property is at risk of fire or flooding. The trio discuss the steps to take and resources to consult to determine the risks associated with the property in question.Visit the show notes - https://propertyplanning.com.au/160-top-tips-for-purchasing-in-a-cooling-market-listener-question-ep-160/

Got a question for the trio? - https://zfrmz.com/uLtjhyBskV96PY6eJfaIhttps://propertyplanning.com.au/propertyplannerbuyerprofessor/In this week's episode Dave, Cate and Pete take you through:Market update1. NSW state budget announces introduction of annual land tax to replace stamp dutyStamp duty has already been abolished in Canberra, but Canberra only has one hundred thousand homes. It will be interesting to see how Sydney fares on a much larger scale with one million dwellings. The introductory measures will be in place for first time buyers only, who can opt to pay land tax annually of $400 + 0.3% of the property value.2. Attitudes towards the property market divergeThe reality is that there is a segmentation in the market currently between those who haven't ever experienced interest rate increases vs those who have. Cate explains how this affords great opportunity for anyone who is willing to take the plunge in certain segments of our market.3. Crypto currencies take a diveIncreasing inflation has led towards large rate hikes in the US, with the most recent 75 basis point increase announced this month, which is the highest rate increase in 29 years. This in turn puts pressure on shares and crypto currencies. Bitcoin has fallen by 70%, whilst some crypto exchanges have ceased the ability for people to access funds and make redemptions, almost like a bank denying withdrawal of funds. This is a sure sign that the crypto currency market is facing some serious headwinds. Dave shares the potential upside that these falls represent for those who own property.The various types of sale methods and reasons why each are adopted1. A question from our listenerHi guys, thank you for such an informative, but entertaining podcast. I've just listened to the episode on “off markets”. I am just wondering if you can offer some insights into how to navigate when a property is “on market” but is listed as EOI (expression of interest), rather than a price range? Why might a vendor do this? Do you put your best price forward and declare all your cards, or is there still an opportunity to negotiate? Is it a case of Pete's rotten apples potentially? Thanks team2. What are the typical methods of sale around our nation?Cate takes our listeners through a brief recap of the various different sale methods used and what factors impact the choice of sale method.3. Best and highest offer - should you show all of your cards or go for baby steps? The trio discuss what happens when the highest offer is actually really low and the vendor isn't happy with the outcome and Cate shares her tips on when you should actually submit your best and highest.4. Why wouldn't you auction a property?The trio discuss the market conditions and reasons why a property is selected to be sold via auction. More importantly, when you should not sell a property via auction.6. As a vendor, what sort of guidance and rationale should you be looking for with your agent when you are considering the various methods of selling?The trio discuss how to field real estate agents and the key questions to ask.7. What does it mean if the price guide changes?Listeners beware! Cate reveals what a reduced price actually means (and it's not more dollars in your pocket).Visit the show notes - https://propertyplanning.com.au/methods-of-sale-and-what-do-they-say-about-the-property-and-or-the-state-of-the-market-ep-159/

Got a question for the trio? - https://zfrmz.com/uLtjhyBskV96PY6eJfaIhttps://propertyplanning.com.au/propertyplannerbuyerprofessor/In this week's episode Dave, Cate and Pete take you through:Market update1. Comparing the history of Australia's property market downturns and increasesPete shares a sneak peak of data that he has collated detailing the extent of Australia's three strongest years of property value growth and declines. Without giving too much away, prices are likely to drop, but there is no need to panic.2. What are the capital growth drivers when interest rates increase?Cate shares her Sunday blog detailing the drivers of capital growth when interest rates are on the rise and predictions for the property market. Check out our show notes to read the blog!3. NSW stamp duty abolition in limboDavid shares news from NSW, where the State Government is looking to abolish stamp duty and transition to land tax. Plans will be announced in the State budget next week, however the Federal Treasurer has confirmed that there are unlikely to be any handouts for tax reform. Watch this space...Interest rate movements and property values1. Do interest rate movements impact the property market?In this episode, the trio sink their teeth into data going back to 1990 to answer the question whether increases or decreases in interest rates have an impact on the property market.2. Floating the Aussie dollar and targeting the cash rateDavid sets the scene with a brief history of why the Australian dollar was floated in 1983 and the benefits this brought to our economy. Seven years later in 1990, the RBA started targeting the cash rate of overnight loans between the banks, which has a powerful influence on other rates in our economy, ie: mortgages.3. Cash rate cycles since 1990Since the RBA began targeting the cash rate, Australian's have lived through five rate lowering cycles, four increasing cycles and we've just started rate increasing cycle five. What can be gleaned from history to inform the future? The trio unpack each cycle and most importantly, what happened to property values and the broader economy.4. Property predictionsDave and Pete stick their neck out and make predictions for the property market: how low will values drop and how long will the current rate increasing cycle last?Visit the show notes -

Got a question for the trio? - https://zfrmz.com/uLtjhyBskV96PY6eJfaIhttps://propertyplanning.com.au/propertyplannerbuyerprofessor/In this week's episode Dave, Cate and Pete take you through:Market update1. Cash rate rises by 50 basis points, but the sky's not falling inThe RBA raises the cash rate by 50 basis points to 0.85%, with an expectation that rates will increase by the same amount next month as well. However, this is no reason to panic. The cash rate was at 1.50% pre-covid, so there is still some room to move and the reality is that the cash rate was never meant to be as low as 0.10%. This was an extraordinary measure put in place to tackle the challenges that global pandemic brought.2. The wage price spiralThe trio discuss the possibility of a wage price spiral caused by high inflation. If wages increase in line with inflation (5-6%), it embeds inflation further and that's when the probability of job losses is increased, which is a worse outcome than slightly lower wage growth. This is an increased risk if minimum wages are increased, as employment awards and enterprise agreements are raised by the same percentage, effecting a vast amount of wage growth.3. The current state of the economyWhilst many home owners may not like the prospect of increasing interest rates, however the economy is a strong position, which is why the cash rate has been increased. As stated by the RBA, the Australian economy is resilient, growing by 0.8 per cent in the March quarter and 3.3 per cent over the year. Australians are well ahead on their mortgage repayments, with a median of 21 months of repayments in savings, even with a 2% rise in mortgage rates, this would only reduce to 19 months. There is an upswing in business investment underway and a large pipeline of construction work to be completed. The terms of trade are at record highs, the lowest unemployment rate in almost 50 years and jab vacancies at high levels.4. The latest home value index resultsThe trio discuss the index results for May, which show Sydney and Melbourne on the decline, while Canberra went slightly backwards but a negligible amount. Astoundingly, Adelaide is still going strong with 1.8% increase over May. The market is well and truly slowing down for the other capitals and regions alike. As they say, all good things must come to an end, as we enter a period of 6 to 18 months of excellent buying opportunity.5. Rentals and vacanciesRental markets continue to remain tight, with each capital city under 2% for vacancy rates. Those are expected to get tighter with the flow of new migrants to Australia. Builders will not be able to pick up the slack and increase supply to meet the demand, with fixed priced contracts in precarious positions as a few major builders go under. Now that prices are flattening, yields are growing even faster, with Melbourne now leading the charge for units, adding on 10% in the last year for asking prices.6. Listing numbers on the declineTotal listings are down for every capital city and in a change of gear, old listings (listings on the market for longer than 180 days) are increasing. This means that the up-take of the less desirable stock has slowed down for much of the nation, only in Brisbane are buyers still snatching up whatever they can. The upshot is that buyers are taking their time, FOMO has lessened and there is not as much pressure from other competing buyers.7. Consumer sentiment continues to diveThe house price expectations index, which typically lags behind market movements, is catching up with the market and starting to reduce. The time to buy a dwelling index, which peaked in November 2020, is now the lowest it's been since the GFC.8. What do lending indicators tell us about the property marketIn April, the amount of finance fell by 6.4%, coming off a big high. The hardest hit were owner occupiers, which fell 7.3% from the previous month with investors showing more resilience with a drop of 4.8%. This move is largely correlated with property values, which have also seen a decline.Visit the show notes - https://propertyplanning.com.au/market-update-may-22-rba-increases-the-cash-rate-but-its-no-reason-to-panic-what-is-the-wage-price-spiral-why-australians-are-well-ahead-of-their-mortgage-repayments-the/

Got a question for the trio? - https://zfrmz.com/uLtjhyBskV96PY6eJfaIhttps://propertyplanning.com.au/propertyplannerbuyerprofessor/In this week's episode Dave, Cate and Pete take you through:Market update1. First signs appear of inflation slowing down in the USDave shares some promising news from the US about the rate of inflation starting to cool, with the core index rising by only 0.3%. Share markets have picked up the pace with this positive development. Australia is well behind the US inflation cycle, but is also lower on the inflation scale. Watch this space.2. Caution for landlords thinking about rent increasesVacancies have been tightening across Australia and rents have been rapidly increasing, with many cities under stress with tenants scrambling to find a home. Cate shares a hot tip for the nation's rental providers looking to increase their rent. This is an important balancing act for our landlord listeners, as asking rents should be in line with the market rate, but hitting tenants with a substantial increase can cause problems as well. This point is particularly for those who have good tenants and have kept rents below market, but applying fair and consistent increases that don't shock our tenants is really important.Case study #3: Do we purchase a holiday home or an investment property?1. The conundrumThis case study follows the journey of Tom and Linda, who wanted assistance with working through the various pros and cons on how to best achieve their long-term financial and lifestyle goals. In terms of their next purchase, they weren't sure whether they should start building their investment portfolio or purchase a holiday home as they are satisfied that they are living in their long-term home.2. Introducing Tom and LindaDave shares Tom and Linda's key circumstances and of course, their lifestyle and property goals which are driving their decision. Tom and Linda are a couple in their late 30's with two children under 4 years old, living in one of Australia's major capital cities. Their initial plan was to purchase an investment property now, another investment in two years and a holiday home two years after that – very ambitious! However, the desire for a holiday home now to create life-long memories with their two children were holding them back and delaying their decision.3. Modelling the scenariosTwo scenarios were modelled for Tom and Linda, one to purchase their holiday house now at their preferred price-point of $800,000 and the second for one or two investment purchases for a total of $1.8 million. Yes, you read that right, $1.8 million. Can it be done? The trio discuss the pros and cons of each scenario.4. So, what did they choose to do (and what was the compromise)?Tune in to find out which scenario Tom and Linda went for, were they successful and what was the compromise?5. Critical considerations for wistful holiday home purchasersThe trio discuss the pull and longing for many Australian's to have a holiday home all of their own. But before taking the plunge, it's imperative to crunch the numbers and understand the compromises to your bottom line, so you can make the decision with absolute clarity. For further insights, take a listen to episode #81 “Holiday houses – delirium or dream?”Visit the show notes - https://propertyplanning.com.au/property-planning-case-study-3-should-our-next-purchase-be-the-holiday-home-or-an-investment-and-how-do-the-financial-outcomes-marry-up-with-our-short-and-long-term-goals/

Got a question for the trio? - https://zfrmz.com/uLtjhyBskV96PY6eJfaIhttps://propertyplanning.com.au/propertyplannerbuyerprofessor/In this week's episode Dave, Cate and Pete take you through:Market updateMarket update1. Quality properties garner competition despite market cyclesCate shares her experience of bidding on election weekend, which as expected, was quieter than usual as prospective buyers took to the polls and enjoyed a democracy sausage. However, one property in particular which ticked many boxes saw a very competitive auction, which reinforces the basic principle that quality properties will garner interest and competition whether the market is rising or experiencing a lull.2. The results of US cash rate increasesDave shares some surprising data from the US which has gone through 14 cycles of cash rate increases and 11 recessions. Stay tuned for next week's episode, for a comparison with Australia's history of rate increases and how they have impacted the economy.3. Government shared equity schemePete encourages our listeners, whether first time buyers or parents with adult kids, to check out the government's shared equity scheme which is set to be introduced on the 1st of July this year. There will be income caps and property value limits, but for anyone looking to get a foot in the property door, this could be a good initiative.Plotting Australian property market movements1. A look at Australia's price spikesSince the 1950's, Australia has seen 3 periods of stellar growth. The most mind-boggling being 1950, where prices grew 111%! What were the drivers of growth and how have these forces changed over time?2. Disrupting the property marketFast-forward to today's drivers of capital growth, it seems that proximity to the city will continue to be a key factor for desirability, competition and property price growth. With more households sustained by double incomes, convenience and being close to amenities has been more important than ever. The trio discuss what could shake up the status quo.3. Diving into Australia's recessionsThe trio discuss the recessions from 1970's to now, what caused them, what were interest rates doing at this time and how these features compare with our nation's situation today.4. How financial deregulation has impacted the property marketThe trio look back to 1980's which saw an upheaval in banking regulation and how this impacted the economy and property market. After all, Australia held the mantel for the country with the longest period of time without a recession.5. How has population growth impacted capital city prices?Does population growth have a direct correlation to capital growth? The trio dive into the data to answer this question.6. How have capital city prices on the ladder changed over time and which cities displayed more volatility than others?The trio discuss the movements of capital cities from 1970 and how each have performed. Interestingly, Perth has been near the top of the ladder a few times, highlighting the power of employment, natural resources and availability of high-paying jobs. Check out our show notes for a great infographic that shows the growth of capital cities in inflation adjusted dollars.7. Why property is a great asset class to invest inThe trio discuss the history of property prices in relation to inflation and why investing in property is a solid move and a great hedge against inflation.Visit the show notes - https://propertyplanning.com.au/plotting-australian-property-market-movements-from-1970-to-now-the-impacts-of-recessions-inflation-financial-deregulation-population-growth-unemployment-rates-and-analysing-what-could-disrupt-th/

Got a question for the trio? - https://zfrmz.com/uLtjhyBskV96PY6eJfaIhttps://propertyplanning.com.au/propertyplannerbuyerprofessor/In this week's episode Dave, Cate and Pete take you through:Market update1. Properties still hotly contestedCate shares her weekend auction experience at a trendy inner-northern suburb in Melbourne. Despite the looming election, competition was strong and felt like we were back in the throws of September 2021 when the property market was going gangbusters. It goes to show that quality properties are still attracting competition.2. Rents on the riseCapital cities have been posting mammoth increases in rents, with the trend now that rental growth is outpacing the rate of capital growth. High capital growth performing assets may have lower yields, but it's likely that rental growth will outperform in the long-run.3. How do rising interest rates affect the property market?With many prospective investors nervous about investing with interest rate rises on the horizon, Cate shares data on historical property downturns and increases and how this has correlated with interest rate rises and falls. Check out our show notes for the link to Cate's blog.4. Perth recoveryFor the first time in 8 years, the median value of Perth has finally reached a new record price. It's been a long recovery with many investors and owner occupiers wallowing in negative equity, but following the relaxing of covid restrictions, Perth has recovered from previous downturns.Show notes – Listener questions1. A question from our listener - Should I invest in property now or wait until after we have kids?My partner and I are in our late 20s, work full-time and plan on starting a family in the next 3-4 years. We bought our first home in 2019 (Woodcroft Adelaide) which we plan on staying in long term. Since then, with extra repayments and the market we have built up equity (~200k useable). As our incomes will be changing with time off for kids, what advice would you have when weighing up the pros and cons of investing now compared with waiting until our incomes are more more steady (ie kids starting school) and we have paid off more of our mortgage.2. Crunching the numbersThe key question to answer is whether our listener will be financially secure if they purchase an investment property now and then go on to start a family, which comes with reduced incomes and additional living expenses. The trio crunch the numbers and discuss what price point would be viable.3. Buffers and risk toleranceA fundamental point to consider when planning for an investment is risk management and whether the available funds buffer will allow our listeners to have a good night's sleep. Risk tolerance is key here, ask yourself, “would I be comfortable if my net monthly cash flow was very limited, neutral or even going backwards?”. If cash flow will be negative during the period of having children, then maintaining a buffer large enough to support a growing family will be a critical consideration.4. How does the family home fit into your investment decision?Our listener has done well for himself to purchase the long-term family home, which is large enough for a family with 2 children. Staying in the current home makes it much easier to build an investment portfolio. However, those who are considering embarking on the journey of having children and also purchasing an investment property must consider how their needs from a family home may change in the future once the kids come into the picture. If upgrading is on the agenda, this may mean selling an investment to achieve lifestyle goals.5. A question from our listener – How to recover from early investment decisions that were made without a plan?I made a mistake when I began my investing journey in that I did little to no research, had no idea about investing yet decided to jump in head first and buy a couple of properties. I soon learnt there was a touch more to it than just putting your name on a title.I'm wondering if this a common occurrence in your experience, in that people jump into an investment without really having a strategy at all? While they haven't been a disaster, they had no strategy behind them and I'm wondering if they can make a good fit for the portfolio, or if it's better to move them on and target something that's more suited. I suppose my question is something like: How do you recover from early purchases like this, where there is little to no strategy? (Does one 'need' to recover?) Or do you just hang on and wait?6. Assessing the investmentsThe trio analyse the listener's two investment properties for capital growth, yield and quality of investment.7. How does gearing fit into the picture?No doubt having a plan in advance of a purchase and understanding what drives outperformance makes a difference, but (and there is a but), even if the property is not outperforming, there is less of a case to sell once it is positively geared. At this point, the properties are very close to becoming cash flow positive and become a set and forget property.8. Property is a forgiving assetUnless the investment is a total dud, property mistakes are rarely catastrophic. Cate explains the key elements our listener has going for them for a very bright property journey in the future.9. We're all geniuses in hindsightHalf the battle is just getting in and making a decision. Could the property decisions have been better? Yes. But it's not all bad news. For a young couple in their 20's with already two properties under the belt, they are already underway to having a comfortable retirement, far ahead of most people.10. A question from our listener - Capital growth calculations and suburb growth rateIs there a way to calculate the 3 month, 6 month, 1 year and 2 year growth of a Suburb using excel (2007)? I know you can probably "google" the growth rate of a suburb, but I am keen on working all this out. And are there any hard and fast rules regarding the growth rate of a suburb? I often hear some commentators say short term growth should ideally be this and long term growth should be that too?11. Dealing with dataThe trio share with our listeners how they can do their own capital growth calculations, but issue an important warning for calculating capital growth over shorter periods of time as there are many factors which may skew data.Visit the show notes - https://propertyplanning.com.au/listener-questions-how-do-i-recover-from-early-investment-decisions-that-were-made-without-a-plan-we-have-our-home-and-plan-to-start-a-family-should-we-buy-an-investment-property-now-or-wa/

Got a question for the trio? - https://zfrmz.com/uLtjhyBskV96PY6eJfaIhttps://propertyplanning.com.au/propertyplannerbuyerprofessor/In this week's episode Dave, Cate and Pete take you through:1. Adelaide top of the popsFor the first time in a long time Adelaide is the highest performing capital city for the quarter, topping the charts with 5.7% growth. Adelaide just surpasses Brisbane's 5.6% recorded quarterly growth.2. Capital city market cycles divergeDue to governemnt stimulus during covid lockdowns, all capital cities were simultaneously growing in value. In a return to normality, capital city property growth trajectories have diverged, with cities now at different phases of the property cycle. Sydney is in slightly negative territory, Melbourne plateauing and Hobart now on a downward trend, the worst performing over the month of April. On the other end of the scale, Adelaide and Brisbane are still flying, while Perth has rebounded and is starting to rise.3. Combined regions continue delivering strong growthRegional areas have continued the run of solid growth, returning (a combined regions measure) of 1.4% value growth over April while capital cities combined only raised by 0.3%. Over the last 12 months, the regions have returned a whopping 28.5% total return. The trio discuss the peak rate of growth, working from home, migration trends and the insights that can be gleaned. But is this a permanent attraction by home buyers towards the regions?4. Rents and vacancy rates likely to entice investors back into the marketNationally, vacancy rates have hit 1%, which represents a very tight rental market considering 2% is the norm. Even the poorest performing cities, Sydney and Melbourne, are below 2%, with all other capitals posting below 1%. This is good news for investors, because rental yields, (which have been at an all-time low for a while), are now expected to move back to historical norms.5. Melbourne and Sydney unit market recoveringA year ago, the Sydney and Melbourne unit market hit rock bottom. In a stellar recovery, unit rents are up by 8% for Melbourne and 9% for Sydney over the last year. This is likely to lead to value growth for units, as investors catch wind of rising rentals, tight vacancy rates and higher rental yields, and jump on the bandwagon.6. Interest rates rise but the sky is not fallingA deterrent for budding investors is the strong likelihood of rising interest rates over the next year. However, market conditions are still incredibly positive. Property values are up, rents are up and interest rates are still historically very low, even if they do rise by 1%. Don't forget, lenders factor in rising interest rates and changing market conditions and they add in a buffer to their affordability assessment accordingly.7. Listings drop, is the election to blame?Nationally, listings volumes have dropped over the last 3 months. People do get nervous with a pending election, even though there are no big ticket property items on the agenda this time around. The trio will be watching this space closely to see what happens with listings post the election and how this imbalance will affect property values.8. Key insights from lending indicatorsThe level of investors entering the market has started to plateau, while first home buyers are on a slight uptick. Comparing with historical figures, the level of investors and first-time buyers are in a balanced position. The trio discuss the private rental market and the key role it plays in housing those who are not able or not ready to purchase.9. What does the 3 year bond yield say about where the cash rate is heading?From 0.1% a year ago, the 3 year bond yield has flown to 3%. Regarding the cash rate, there is much debate about whether 1.5% or 2.5% will be the point of equilibrium in the economy. So, what do bond traders think about where rates are going and how challenging is this to pinpoint?10. Unemployment at a significant long-term lowAlthough not receiving much attention in the election campaign, almost everyone who wants a job, has a job. The unemployment rate has been rounded at 4% and another reason why rates have increased. Rates go up when the economy is strong and people are spending, and the economy is strong because more people are in jobs than the nation has seen in a long time.11. Inflation 101Inflation is the talk of the town and the Property Planner gives our listeners a crash course in why prices are going up. Supply chain difficulties and the war in Ukraine are clear external factors that have caused soaring inflation. But to some extent, inflation has been exacerbated by our government and policy makers. The trio discuss how this has happened and the dangers of stagflation.Visit the show notes - https://propertyplanning.com.au/market-update-april-22-whats-the-story-with-inflation-will-rents-and-vacancy-rates-prop-up-the-market-what-does-the-3-year-bond-yield-say-about-where-interest-rates-are-heading-w/

Got a question for the trio? - https://zfrmz.com/uLtjhyBskV96PY6eJfaIhttps://propertyplanning.com.au/propertyplannerbuyerprofessor/In this week's episode Dave, Cate and Pete take you through:Market update1. RBA lifts the cash rateBreaking news! The cash rate was lifted last week by 0.25%, taking the cash rate to 0.35%. This is a change of tune for the RBA governor, who was predicting that rates wouldn't rise until 2024. The move came as a result of rising inflation pressures, but the inflation Genie might not be that easy to put back in the bottle. Stay tuned to next week's market update episode for more on inflation.2. Riding the market cycle waveProperty prices are certainly slowing and may well start to decline, but this is no cause for panic. Pete shares his research on the property downturns over the last 25 years and in the end, you need to be prepared to take the good with the bad. If you're in it for the long-term, just sit tight and ride out the wave.3. Late bids and auction rulesCate shares a recent auction experience that had hearts stopping and blood pressure rising. It was bad luck for a bidder that jumped in too late, because when the hammer falls, the game is over.Top 10 tips for first time buyers and investors1. Educate yourselfA sure fire way to get started on the property journey is to take the time to educate yourself. The trio take our listeners through the wealth of resources that are available to build a solid foundation of property knowledge.2. Mix with like-minded peopleOr should we say, avoid naysayers? Negative Nancy's can quickly unravel a smart strategy and plant seeds of doubt, causing inaction, which can often be worse than taking half-good action. Mixing with like-minded people provides an environment where ideas are exchanged and much needed support is provided for what can be a stressful decision.3. Set your goalsDave shares with our listeners 10 tips on how to create goals and stick to them. For further insights, take a listen to episode 82, “Goal Setting fundamentals for property success”.4. Select where and what to buyThe trio discuss the critical elements of selecting a location and property to purchase. But don't forget to look ahead and think how the first property could impact future long-term plans.5. Visit your areas and do your researchThe trio share the best data sources for doing research from the comfort of a laptop at home or in the office. However, that does not negate the need to get out and about and take a stroll through the area you're interested in purchasing in, particularly if you haven't lived there before. Yes, property investors, this applies to you too!6. Find out how much you can borrow & if there is any assistanceA critical step here is sorting out a budget, taking into account existing cash flow, desired cash flow and available funds post-purchase. Dave shares with our listeners why the lowest interest rate is in fact not the key to success. Ask yourself – is the property or the rate more important?7. Save money for a deposit, consider shared equity, joint ownershipMoney management! It may seem easy to a first home buyer as often they don't have children, and/or might not be partnered yet with mortgages and credit cards to juggle. But the sooner you can set up an effective money management system, (and get your partner on the same page) the better! The trio discuss the basics of shared equity schemes and joint ownership.8. Crunch the numbersThe trio discuss the fundamentals to factor in when crunching the numbers and how our listeners can shape up to present themselves well to the bank when it's time to apply for the mortgage. Hot tip – you may have to go without Uber Eats for a while.9. Get professional adviceWhy is professional advice so important? The trio discuss their strategies when looking for independent advice and who to trust. If the advice is free, get ready to ask some probing questions.10. Just do it!Much easier said than done. However, procrastination and the search for perfection can derail the best laid plans. Cate shares with our listeners her hot tip on how to overcome inaction.Visit the show notes - https://propertyplanning.com.au/top-10-tips-for-first-time-buyers-and-investors-how-to-get-it-right-first-time-ep-152/

Got a question for the trio? - https://zfrmz.com/uLtjhyBskV96PY6eJfaIhttps://propertyplanning.com.au/propertyplannerbuyerprofessor/In this week's episode Dave, Cate and Pete take you through:Market update1. Thank you for the review!Cate shares a lovely review that we received in the apple podcast app. Not everyone is able to access expert advice, which is why we love putting these episodes together for our listeners. But more so, we really feel a spring in our step when we know we've helped a listener, so please keep them coming. They mean a lot to all three of us.2. Clean energy to bolster national defenceAn interesting article in the Australian Financial Review has shed light on Australia's reserves, with only 18 days of petrol supplies and 22 days of diesel supplies in stock. Part of the reason why the Ukrainian's have been so successful in resisting Russian attacks, is the need for Russians to retreat to re-stock. The low reserves for Australia highlights a weakness in defence and puts the nation at risk is different ways. The good news is that this could be the push and driving force needed for Australia to become self-sufficient and transition towards green energy. We're hoping!3. A round of applause for Adelaide is dueRecent reports from CoreLogic show that Brisbane and Adelaide continue to shine as Australia's best performing capital cities. It's not often that Pete gets to brag about Adelaide, so we'll let him have this one.Property Planning Case Study1. A mixed bag – investment, holiday house and future long-term home. Can we have it all?This case study follows the journey of James and Amanda who had a number of boxes to tick for their next property. They weren't sure if they should purchase a straight-forward investment property or if they could achieve an investment property purchase in a beachside location which could double as a holiday house and maybe even eventually become their long-term future home when it comes time to downsize. Another ingredient to add to the pot was that they didn't want to compromise their current lifestyle and for extra spice, ideally this property would work towards achieving their income goals for retirement.2. Introducing James and Amanda – financial overview and goalsDave shares James and Amanda's key circumstances and of course, their lifestyle and property goals which are driving their decision. With two teenagers in private school and very little surplus cash flow, the key conundrum to unravel was how to complete the next purchase without compromising their current lifestyle and saving enough cash to have family adventures. Their initial preferred price point was initially determined to sit around $1.2M, however James and Amanda realised that they would be hard-pressed to find a property they would enjoy as a holiday house and a long-term future home.3. Modelling the scenariosTwo scenarios were modelled for James and Amanda, one at their preferred purchase price-point of $1.2M and the second for their revised, (and more realistic) price point of $1.4M. Dave explains how, (with some clever mortgage strategy and borrowing capacity finesse), the $1.4M price point was achievable, despite their tight cash flow.4. So, what did they choose to do, (and what was the compromise)?Tune in to find out which scenario James and Amanda went for, were they successful and what was the compromise?5. How will James and Amanda reach their retirement income goal?James and Amanda had a retirement income goal of $60,000 p/a through property rents. With their preferred scenario chosen, Dave explains the next steps and viable options available to James and Amanda to achieve their retirement income goal.6. How to give your kids a leg upLike many parents, James and Amanda were keen to help their children purchase property when the time is right. The trio discuss the methods they could use and for further insights, take a listen to episode #95 “Security guarantees, co-borrowing, gifts and more - Helping your kids buy their first property”Visit the show notes - https://propertyplanning.com.au/property-planning-case-study-2-can-we-have-it-all-purchase-a-part-time-investment-airbnb-to-use-as-a-holiday-home-and-be-our-downsizing-home-oh-and-without-any-impact-on-our-already-str/

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Got a question for the trio? - https://zfrmz.com/uLtjhyBskV96PY6eJfaIhttps://propertyplanning.com.au/propertyplannerbuyerprofessor/In this week's episode Dave, Cate and Pete take you through:Market update1. Victorian's snubbed by the Federal Government BudgetLooking at the Federal Budget infrastructure spend, it appears that Victoria has been overlooked to some degree. The budget set aside $208.4 million in new money for Victorian infrastructure which amounts to 5.9% of the Federal Government spending on infrastructure projects, while the percentage of the Australian population living in Victoria is 25.8%. Interestingly, money has been earmarked for the East-West link project that was booted by the Andrews government.2. A closer look at capital cities that have pulled back on capital growthMelbourne and Sydney experienced slightly negative capital growth in the month of March. This is expected to continue into April, with two long weekends and a disproportionate increase in listings. Segmenting the market further, it's evident that the higher end properties in the inner ring and inner east of both cities has taken the hardest hit of late. This is consistent with previous market trends, where the top quartile is often the first to move in a changing market.3. Foreign investment in residential property drops from $10 billion to $6 billionCritical information left out of this headline is that foreign investment in commercial property has doubled from $39 billion to $82 billion, which in part explains why yields for commercial property have lowered. The Australian property market has been seen by foreign investors as a safe haven and yields may very well drop further if commercial property continues to attract interest from overseas buyers. In light of looming interest rate hikes, diminishing yields could be a major concern. The trio discuss the factors and measures which could dampen foreign investment.Migration1. How has COVID affected population growth?For the last 20 years the Australian population has grown consistently at 1-2.2% year on year. However since the beginning of COVID, this figure has plummeted close to 0% due to international border closures. There is more to the data than migrants and new arrivals, however. Overall population figures also include returning expats, births and deaths. The trio discuss how this has impacted employment, universities and capital city markets.2. Melbourne and Sydney the biggest losers in flight to the regionsThere are no surprises that the nations' largest capitals of Sydney and Melbourne were hit the hardest in the great tree and sea change. There are many and varying reasons aside from COVID lockdowns and working from home to explain why this would be the case. A major factor is runaway house prices, which naturally causes migration and investment when housing affordability bites and regional opportunity presents itself as a more cost effective way of life for some households.3. The outlook for MelbourneMelbourne sustained the biggest population losses in 2021, where a total of 32,000 people left for the regions and interstate, while Sydney lost almost 20,000. Prior to this, Melbourne was on the road to overtaking Sydney to be the most populated city in Australia. Dave shares insights from the Centre of Population on the trajectory for Melbourne's population recovery.4. Job vacancies jump in regional AustraliaCate shares the top 5 regions with the biggest increases in job vacancies over the 12 months from February 2022. Job vacancies are putting pressure on businesses in locations and regions that have seen an influx of new arrivals. Interestingly, occupations with the highest demand are professional roles, technicians and trade roles and also clerical and administrative. The trio discuss how this is likely to play out once hybrid work from home models flourish and international migration resumes to pre-COVID levels.5. Our ageing population and high-risk regionsCate shares the regions that have a large population of their work force represented by those aged between 55 and 64. The impending problem for these regions is a decrease in workers as this segment moves into retirement or scaled-back hours. The trio discuss why retiring in a regional location is so attractive, and why state and local governments will have a challenge on their hands to try to encourage mature-aged workers to remain in the workforce for longer.6. Each region is an individual marketFor the last two years, growth in Australia's regions have been the headline story, outstripping capital growth in the nation's capital cities. But is the move to the regions sustainable? As the case of the Gold Coast shows us, regions have a tendency to experience a flatter period of growth after a prolonged period of migration. However, it's evident that some locations will continue to thrive and grow. For any listeners pondering whether to invest in a regional area, it's critical to do your research and home work before taking the plunge.Visit the show notes - https://propertyplanning.com.au/migration-trends-outlook-for-population-growth-will-melbourne-recover-from-population-losses-interstate-and-intrastate-trends-which-regions-face-ageing-population-risks-and-high-job-vacancies-th/

Got a question for the trio? - https://zfrmz.com/uLtjhyBskV96PY6eJfaIhttps://propertyplanning.com.au/propertyplannerbuyerprofessor/In this week's episode Dave, Cate and Pete take you through:Market update1. Could now be the time to buy?Today's market is still a seller's market, although not as crazy as last year. In our two capital cities, many properties are passing in but selling immediately afterwards, and auction clearances rates have lowered but still in the 70's. With global unrest in Ukraine, the federal election looming and chatter of interest rate rises, this might just be the window that you've been waiting for if you're looking to purchase.2. Turning the tables on fixed ratesThe Covid induced measures targeting the 3 year bond yield meant that for much of 2020 and the first half of 2021, fixed rates were the lowest we've ever seen and even lower than variable rates. However, the last 10 or so months have seen fixed rates rise and the lending market switched back to the normal status quo of variable rates being lower than 3 year fixed rates.3. Check out the new CoreLogic websiteCoreLogic have made some improvements to their site, which is a huge positive as it gives the average punter an excellent idea of what's happening in the market.Vendor advocacy and borderless buyer's agents1. Call out to our listeners for questionsIn this week's episode, the trio tackle questions from our listeners on vendor advocates and borderless buyer's agents. Got a burning question? Submit your question to the trio here: https://zfrmz.com/uLtjhyBskV96PY6eJfaI2.Should I use a vendor's advocate?The question from our listener: I am interested to know about vendor advocacy. We are selling a property and have been approached by a known buyer's advocate in our area who has offered to act as our vendor advocate. This isn't the first time we have sold, it's our fourth time and our most important. We haven't been overly happy with our agents in the past and could see the value this person could bring. The thing I can't reconcile is why an agent would do more for us at the request of our advocate when they are getting less commission (advocate getting their share). We are open to a new experience and after two discussions with the advocate we can see the knowledge base is high. We just don't know what to be careful of and if we end up paying a higher commission will it be worth it?3. What is a vendors advocate and can they add value?The trio unpack the difference between a vendor's advocate and a selling agent, plus the benefits and risks of using a vendor's advocate. Cate shares her expertise on working alongside vendors advocates and Dave shares his thoughts based on when his company had buyer's agents and vendor advocates in-house. When done well, vendor advocacy can certainly add value, but there are critical considerations in vendor advocate selection to be aware of.4.When is engaging a vendor's advocate the right move?The trio discuss the circumstances that lend well to using a vendor advocate and Cate shares some critical questions that our listeners should ask vendor advocates when choosing one to work with, and in particular, the experience and the credentials they should have.5. Borderless vs local buyers agents – the pros and consThe question(s) from our listener: How important is it for a BA to have local area expertise? Can a “borderless” BA, overcome lack of localised knowledge with data / analytics? Can you trust borderless BAs to recommend different locations to invest and also have them do the buying? Or should you first know where to invest, and then pick a BA that works in the area? If it's the latter, how would you know where to invest in the first place?6. Can local expertise be overcome by data and analytics?The emphatic consensus from the trio is that local knowledge is critical to a successful purchase. But can a lack of locational expertise be counteracted by diligently trawling through the data and ‘doing your homework'?7. How do you select a city/region to invest in? Dave shares with our listeners his methodology on how to work out which city or region to target for the next purchase.8. Critical considerations around licensingCate reminds our listeners that there is more to being an excellent BA than knowing what makes a top quality investment. There is also the painstaking detail of being across the legislation, which is different across each state and can have negative impacts if a BA is not well versed in the laws (and local planning elements) that impact the purchase.Visit the show notes - https://propertyplanning.com.au/listener-questions-is-it-critical-for-a-ba-to-have-local-expertise-and-can-a-borderless-ba-overcome-this-with-data-should-you-first-know-where-to-invest-then-pick-a-ba-t/

Got a question for the trio? - https://zfrmz.com/uLtjhyBskV96PY6eJfaIhttps://propertyplanning.com.au/propertyplannerbuyerprofessor/In this week's episode Dave, Cate and Pete take you through:1. SA council takes matters into its own handsPete shares the measures that the Karoonda East Murray Council in SA are trialing to grow their population. Kudos to them! Rather than waiting for the federal or state governments to come to the party, they are implementing some great initiatives themselves.2. How long does it take each capital city to double in value?Pete shares with our listeners his research for each capital city, starting from March 2022 and working backwards, to distill how long it has taken for property values to double in each capital city. The winner may be a surprise, however the trio warn that some of the performances can be unpredictable. Trying to pick the next hot location is fraught with danger and our listeners are better off sticking to the tried and true principles of selecting quality investments.3. Sydney and Melbourne flatlining while Brisbane and Adelaide continue to shineThe trio take our listeners through the highlights in the March home value index results and the reasons behind the numbers. Plus, not all the numbers can be relied upon. Hobart is such a small market that there may be some anomalies skewing the results.4. Rents turning the tideFor the first time in a long time, national rents are outgrowing housing values. Which also means that yields are increasing, particularly in Melbourne and Sydney which have each had a small degree of negative capital growth. Interestingly, it appears that there is a flock back towards units and inner city living. Sydney now records the strongest lift in unit rents with Melbourne not far behind. How the opening up of borders will impact this further is a story that is still unfolding. Vacancies have also dropped to a fresh 16-year low, putting immense pressure on rental markets.5. How do current listings compare with the 5 year average?Nationally, “total” listings are 30% below the 5 year average. The trio have been saying for months now that there is a deep correlation between the level of listings and capital growth. An example is Brisbane and Adelaide, both of which have experienced the strongest capital growth outcomes in March and also have total listing numbers that remain 40% below the 5 year average. The story is similar for regions, as there are 22% less sales in combined regional areas for this current year so far.6. Consumer sentiment takes a diveThe house price expectations index has fallen by 10.8% to 139 points. This index tends to lag behind actual market movements and the writing has been on the wall in 2022 that growth in the housing market is well and truly slowing down, (for most states). Interestingly, the time to buy a dwelling index has also dropped to 78.3 points, after hovering in the low 80's to high 90's since July 2021. This index is now at its lowest level since February 2008, during the GFC and well below levels seen in the 2017-18 housing market decline. This is not a good harbinger for what's to come, as this index tends to be a forward indicator. The trio discuss the reasons behind the drop in sentiment.7. Turning the tables on fixed ratesWith fixed rates on the rise due to increasing bond yields and swap rates, lenders have started to compete on variable rates. Now that the tide is turning, many variable rates are lower than the fixed rate offering. Pre-covid, this status quo was the norm and it was the RBA measures which drove fixed rates to the lowest they'd ever been.8. Investors back at equilibriumLatest ABS figures for February show that investors now make up 33% of new lending, which is in line with the historical split between owner occupiers and investors. First time buyers have declined to 22% of new owner occupied lending over the last year, which was expected as government initiatives came to a close. However, total borrower numbers are up on previous years and we do need to keep this in perspective when we consider percentages.9. RBA bites back – the forecast for interest ratesThe trio discuss the likelihood of a cash rate rise by the RBA and how soon they each believe it will happen. Although in some argy-bargy between the RBA and economists, the RBA has stated that it will be raising the cash rate based on evidence, not on forecasts... watch this space.10. Federal election jittersA warning to our listeners, the next few months of data may not be a good indicator of what's to come, as many prospective purchasers will sit on their hands until there is certainty around an election date and more clarity on policies to see through the haze. Often the 2 months prior to an election can produce some unreliable data points when it comes to trend-spotting. After all, sentiment counts for a lot, even if it's short-term.Visit the show notes - https://propertyplanning.com.au/market-update-march-22-how-long-does-it-take-each-capital-city-to-double-in-value-which-cities-are-flatlining-vs-flying-and-which-have-changed-trajectory-rental-growth-is-outstripping-capi/

Got a question for the trio? - https://zfrmz.com/uLtjhyBskV96PY6eJfaIhttps://propertyplanning.com.au/propertyplannerbuyerprofessor/In this week's episode Dave, Cate and Pete take you through:Market updates1. Auctioneers call the shotsCate shares her experience attending an online auction where bids whittled down to one dollar increments. After a tense game of property ping pong where 256 one dollar bids were made, the auctioneer called an end to the pain and declared that only bids of $500 or more would be accepted. This serves as a good reminder that the auctioneer has the capacity to change the rules mid-auction and refuse bids as well.2. Smoke signals rising from China Evergrande developmentsProperty development firms in China are experiencing a major delay in auditing, with an increase of 75% in delayed results. Five Chinese auditors have resigned in the last three months, and combined with the delayed results, there are the concerns of what the audits may disclose. This could have an impact on broader money markets, flowing into Australia and around the world. The number of property sales in China has dropped drastically, as well as a raised threat of hidden debts. Chinese companies are due to report their December year-end results in April. Watch this space...Federal budget update1. How does this budget compare with previous budgets?With the federal election looming, no one was expecting to see huge dollars being thrown around in this years' budget, particularly with the large amounts spent on emergency pandemic measures in the last two years. The trio discuss some key points that were missing, namely: housing affordability, the ongoing rental crisis and returning Australia to surplus.2. First Home Guarantee, (formerly known as the First Home Deposit Scheme)Also known as the ‘New Home Guarantee', the First Home Guarantee allows first home buyers to build or purchase a newly built home with a deposit as low as 5%, without having to pay Lenders Mortgage Insurance (LMI), as the government will guarantee the remaining 15% deposit required to avoid LMI. The scheme has been extended from the 10,000 places promised to 35,000 places per annum. The trio discuss the price caps which apply and eligibility requirements. They also ponder the alternatives for first home buyers who are sensitive to the concept of lenders mortgage insurance.3. Family Home Guarantee Like the First Home Guarantee, this scheme allows single parents with dependents to purchase a property with an even lower deposit without paying LMI. However, there are some key differences which make it a great initiative. Single parents need only a 2% deposit, (not 5%) and they are also able to purchase established as well as new properties under the scheme. Places in the scheme have been doubled from 2,500 to 5,000 guarantees per year. The trio discuss the benefits of this initiative for single parents who have little cash on hand, which is common when going through a divorce or separation as well as competing with other households that have double incomes. 4. Regional Home GuaranteeThis guarantee is a new initiative introduced, with 10,000 guarantees on offer over the next 3 years. Similar to the First Home Guarantee, the required deposit is as low as 5% and the guarantee is offered for newly built homes only. A key difference is that this scheme is offered to permanent residents, as well as Australian citizens, which the other guarantees are not. Reading between the lines, it seems that the government is attempting to encourage migrants to move to the regions. However, the trio question whether this level of pressure is appropriate for regions already struggling with stock shortages and whether the hardest hit regions will benefit. Another question posed is whether the scheme could be better targeted to the smaller regional towns, with a population of 5,000 or less that have struggled with migration, although the cost of construction and availability of tradespersons is a key question to ask, also.5. First Home Super Saver SchemeThe existing scheme which allowed first home owners to make voluntary contributions to their Superannuation of $30,000 for the purpose of saving a deposit for their first property has now been increased to $50,000. This is a great initiative, as the voluntary contributions will be taxed at 15% rather than the marginal tax rate. However, those looking to take advantage of the scheme can only withdraw the funds to purchase a property, which means that if they don't purchase, the funds will be inaccessible.6. Crystal balling interest ratesThe forecast for inflation is that it will be under control within the next 12 months. What that means for the fate of interest rates, is that we can expect rates to rise within the next 12 months, but likely not beyond that. The trio discuss their thoughts and predictions on the future of inflation and interest rates. For those listeners concerned about future rate increases, remember that lenders use a bench mark assessment rate to stress test your loan, so there is a buffer there to absorb the impact of rising rates.7. How long has it taken property prices to double Pete shares his research on national property prices and how long it has taken them to double. Tune in to find out!Visit the show notes - https://propertyplanning.com.au/how-the-federal-budget-will-impact-the-australian-property-market-who-it-targets-and-benefits-and-why-ep-147/

Got a question for the trio? - https://zfrmz.com/uLtjhyBskV96PY6eJfaIhttps://propertyplanning.com.au/propertyplannerbuyerprofessor/In this week's episode Dave, Cate and Pete take you through:Market updates1. The 20 most unaffordable cities in the worldPete shares with our listeners a report that states Adelaide and Brisbane are more unaffordable than New York. How can that be? The devil is in the detail when it comes to how affordability is calculated, which in this case, did not take into account interest rates and repayments. The trio discuss how reports can be skewed by the methodology used and the angle that the journalist is instructed to pursue. The trio point out that the debt-to-income ratio is a commonly used measure, however it is fundamentally flawed because interest rate (and cost of servicing the debt) is not always taken into account. They all concur that debt to repayment ratio is a more prudent measure to follow when assessing affordability.2. Number of sales shows long-term trend of declineContinuing on the data theme, Dave shares sales data which indicates that 2021 had the highest number of sales on record with 650,000 property sales recorded. However, upon further examination, this made up just 6% of all properties in Australia. In 2003, although there was a lower volume of sales recorded, the sales for the year accounted for 7.8% of all properties in Australia. The population has been growing since, but the number of people selling has been declining and reached as low as 3.7% in 2018 and 2019, before being bumped up in 2021. This is another reminder that if there are less properties being sold, relative to the total number of properties and population growth, supply is reduced and prices will go up.3. Underquoting - but what are we going to do about it?Cate shares her weekend auction experience, where the agent price guide was set at $800,000-$880,000 and the property sold (as Cate expected), at $1.351M. This was a clear case where the agent underquoted the property despite recent sales supporting a likely selling figure closer to the actual result than the documented quote range suggested. Underquoting reforms are being considered by Victorian Consumer Affairs, and everybody has an opportunity to submit their thoughts.U to Z of Property SuccessU – Unconditional: what does it mean for offers, contracts and mortgage applications?The trio discuss unconditional contracts, when is it appropriate to add conditions and share their hot tips on how to manage the vendor in the event of looming deadlines that are likely to be missed. Dave takes our listeners through the necessary steps before a lender will unconditionally approve a loan application.V – Valuations: how can you get the best outcome?The trio discuss the difference between valuations conducted by a licensed valuer, appraisals conducted by real estate agents and lender valuations arranged as part of the finance approval process. Listen in for the trio's expert insights on how to prepare for a valuation in order to get the best results. For further education on valuations, listen to episode #17 “Valuations 101”.W – Waiver: cooling off periodWhen purchasing a property, the most common right waived by purchasers is the right to a cooling off period. Buyers who are purchasing interstate, beware! Legislation on cooling off differs from state to state and in many states, cooling off does not apply for auctions. For further insights on cooling off periods, listen to episode #132 “Purchasing laws in each state – Part 1”.X – eXtra Careful: when to slow down and take the time to avoid critical mistakesCate takes our listeners through what they should be extra careful about when reading a contract and the other paperwork associated with buying a property. The key is to have an understanding of what you're on the hook for. For lending and pre-approvals, Dave shares the key points that purchasers need to be aware of and why it is imperative to speak with your strategic mortgage broker before bidding at auction or putting in an offer on a property, (even with a valid pre-approval in place). For our listener's who are eyeing off a potential development, Pete outlines the importance of going through zoning restrictions with a fine tooth comb.Y – Yield: how it's calculated and how it can changePete shares with our listeners how yield is calculated and the important differences when calculating yield on a residential vs commercial property. Dave explains how yield changes over time and why growth in yield is largely aligned with capital growth.Z – Zoning: why zoning should not be skipped overThe trio discuss the importance of zoning and how zoning restrictions can rapidly change and how lenders mortgage insurance could throw a spanner in the works.Visit the show notes - https://propertyplanning.com.au/the-u-to-z-of-property-success-unconditional-offers-contracts-finance-applications-obtaining-a-positive-valuation-outcome-waivers-when-to/

Got a question for the trio? - https://zfrmz.com/uLtjhyBskV96PY6eJfaIhttps://propertyplanning.com.au/propertyplannerbuyerprofessor/In this week's episode Dave, Cate and Pete take you through:Market updatesVictor Harbor vs PortseaAs promised, the Property Professor presents his research on why regional towns in South Australia such as Victor Harbor are so much cheaper than regional towns in Victoria, such as Portsea. Pete shares with listeners the key data sets and demographics that, in tandem he believes are determinants for determining the drivers for values and price growth rates in these two holiday destinations.Off markets1. Why do vendors sell off-market?Cate gives a quick summary of the top reasons why a vendor might choose to sell off-market. For further insights listen to episode 85 “Off market properties – everything you need to know”.2. What has made off-market opportunities more mainstream?Off-market sales have become more trendy and sought-after because of the perception that buyers will be getting a great deal with some heavy discounting. But is that actually the case? The trio discuss the role that off-market opportunities play in the real estate game.3. How do market movements impact the quality and number of off-market opportunities?The trio discuss the ebbs and flows of off-market sales during a seller's and buyer's market and what you can expect from a discounting and abundance perspective.4. Why you have to do your researchMany prospective purchasers get excited by an off-market opportunity and the assumption that they'll be taking home a winner at an excellent price. However, that doesn't mean that buyers can take their foot off the comparable sales pedal. Buyers still need to understand the market and the quality of the property to ensure that they are getting a fair price.5. How do you identify a bad off market?Cate takes our listeners through the tell-tale signs of a bad off-market property.6. How can you tell if the off-market is genuine, or is it really a pre-market in disguise?A pre-market is a property which is not yet advertised on the market, but the agents are preparing for a sale campaign and are testing the waters before the property is advertised for sale. This can be really frustrating for buyers if they think they've come across a fantastic off-market opportunity, with the ability to make an offer without stiff competition from other purchasers. Cate gives some hot tips on how to deal with the selling agents to find out if the off-market is genuine.7. How does seasonality change off-market supply?The best off-markets are from vendors who are motivated to sell as they have made a financial commitment (eg: purchased a new home and need to sell) or a distressed landlord with an uncooperative tenant. So, when are these people likely to sell?8. Why are buyers so keen to field off-markets?When listings are thin on the ground, an off-market opportunity can be the break that a buyer has been waiting for. However, there are some misconceptions about off-markets which can steer buyers in the wrong direction.Visit the show notes - https://propertyplanning.com.au/off-market-properties-part-2-how-to-tell-if-the-off-market-is-genuine-identifying-a-bad-off-market-how-market-movements-impact-the-number-and-quality-of-off-market-opportunities-and-more/

Got a question for the trio? - https://zfrmz.com/uLtjhyBskV96PY6eJfaIhttps://propertyplanning.com.au/propertyplannerbuyerprofessor/In this week's episode Dave, Cate and Pete take you through:Market updates1. Declining rate of growth for housing values is proving to be the long-term trendWhile housing values are generally rising, the pace of growth in the national index has trended downwards since April 2021. This is not to say that housing values are going backwards, they are still increasing but have lost steam. Housing values increased 0.6% nationally over the month of February, although the effects on each state have varied greatly. Brisbane continues to perform strongly with 1.8% growth over the month and 29.7% over the year, which could well be a record for the city. However the floods in Brisbane are likely to dampen the property market, at least for the short term.2. Is the property market at an inflection point?With recent events in Ukraine, speculation over rising interest rates, combined with inflation pressures and yields increasing for the first time, we may very well be at a turning point in the property market. …Or are we? Media and speculation count for only so much and we have navigated global challenges before and fared better than predicted.3. Regions continue to perform stronglyTotal return for combined regions is at a whopping 30.5%! ‘Combined regions' is a very vague term and there will be some regions that perform more strongly than others, with annual growth and yields topping this figure. According to CoreLogic, Regional SA is actually the best performing regional market over the last 3 months, which is probably very closely tied to the fact that proportionally it has the lowest number of total listings of any regional area or capital city in the country.The trio ponder why investment in Adelaide's regions lag behind the nation's eastern states, among other data findings. Stay tuned for next week when Pete to shares his research and insights in his market update, where he will try to determine why regional towns in SA such as Victor Harbor are so much cheaper than regional towns in Victoria, such as Portsea.4. Rents and vacancy rates will be the story of the yearCate shares her insights on the rental market in Ballarat, (as one example of a vibrant and changing regional city), and why rents have tightened again in this market. With the opening up of international boarders, vacancy rates are expected to be put under more pressure for capital city and university towns that will see an influx of international students. Vacancy rates are under 1% in every capital city except Melbourne, Sydney and Brisbane, although these cities have seen a significant reduction in vacancies over the last month. 5. Rental yields on the rise?Average rental yield in Melbourne and Sydney is as low as it's ever been. But this is likely to be the bottom of the curve. Melbourne unit growth has now recovered and Melbourne is largely on par with other capital cities in terms of annual change in rents. Increases of 20% in yields with the arrival of a new tenant is not uncommon, where previously landlords would be lucky to see a $10 per week increase in rent. As yields come down in Brisbane and Adelaide due to the stellar capital growth, this may bring investors back to Melbourne and Sydney. But are the Victorian landlord reforms with heightened landlord obligations turning investors away? And Victoria isn't the only state to roll out rental reforms. We are watching this space… 6. How listings impact housing value growthThe clear picture from the data that we're studying is that Brisbane, Adelaide, Hobart and combined regions continue to exhibit recent monthly growth of over 1%, while the other capitals are recording less than 0.5% growth. It is no coincidence that they have also seen the biggest annual reduction in total property advertised for sale. We come back to economics 101 to reiterate that price is often a function of demand vs supply, and supply is continuing to be very low for these locations. 7. Insights from consumer sentiment and the impact on supplyThe house price expectations index has risen again over 150, but this indicator seems to lag behind what's actually occurring in the market. The time to buy a dwelling index is expected to pick up as people start to feel that it's a good time to purchase, and this may coincide with signs that growth wanes. The trio discuss the connection between consumer sentiment and supply. If values are increasing, then why aren't more people putting their homes up for sale? 8. Lending indicators and risks for those looking to purchaseOwner occupiers contributed to an uplift over November and December but is this an ongoing trend? On the ground, the number of purchases and pre-approvals is declining. A major concern for anyone looking to purchase is that borrowing capacities are reducing, with increases to fixed rates and assessment rates. Dave shares a real client example of how borrowing capacity for a client has been impacted over the last two months. 9. The latest unemployment stats with a pinch of saltNationally, unemployment did not change from December 2021 to January 2022, remaining at 4.2%. However, the city of Adelaide, (which was under 4% for unemployment in December) has now jumped to 4.8%. It is inconceivable that unemployment would fluctuate so much in a month, which does indicate that perhaps the data is not so reliable for our smaller states. 10. Wage growth, GDP and government stimulusThe trio share a brief update on what's happening in the world with regards to wage growth, and why our regulator wouldn't poke a stick at GDP and government stimulus to make it easier for first time buyers to get into the market.Visit the show notes - https://propertyplanning.com.au/market-update-february-22-has-the-market-reached-at-a-turning-point-are-yields-in-melbourne-and-sydney-about-to-rise-why-rents-and-vacancies-are-the-talk-of-the-town-lending-risks-for-pro/

Got a question for the trio? - https://zfrmz.com/uLtjhyBskV96PY6eJfaIhttps://propertyplanning.com.au/propertyplannerbuyerprofessor/In this week's episode Dave, Cate and Pete take you through:Market updatesMarket conditions changing as more stock comes onlineWith Easter just around the corner, greater stock on the market is giving buyers more choice and the rate of pass-ins continues to shine a spotlight on slightly eased conditions for buyers. The last weekend of February saw the highest number of auctions ever, since CoreLogic first started recording this data. With a number of public holidays drawing near, we can expect the lead up to April to be just as busy. We've seen significant shifts in the market, but you'll have to tune in to next week's episode to get the full picture.Case study - Do we renovate and invest, sell and upgrade, or keep and upgrade!1. Meet Neil and Amy – the conundrumThis case study revolves around clients Neil and Amy (names have been changed), a professional middle-aged couple who live in one of Australia's major capital cities. Their goal is to achieve a good quality standard of living, both now and into the future. Neil and Amy were stuck on deciding their next move. Do they:Sell the existing home and buy a new home; orKeep the existing home as an investment and purchase a new home; orKeep the existing home, undertake renovations, and purchase an investment?2. Unpacking their goals and financial overviewThe trio discuss Amy and Neil's lifestyle and investment goals, their financial circumstances, the level of funds they have to play with for their next decision and Dave explains how he navigated them through their money goals and he asked questions such as; what available funds did they want up their sleave after the purchase?, and how much can they save each month with their surplus cash flow? Setting smart ‘Money Goals' is a foundational element of effective Property Planning. Money goals are the limit that allows you their clients to rest comfortably at night and these goals are linked heavily to a particular client's appetite for Risk.3. Getting on the same page – risk profile analysisNeil and Amy both shared a conservative attitude toward risk, however with different approaches on how best to manage their risk. Attitude towards risk is a significant piece of the property strategy puzzle. Inaction or delaying decisions between couples is typically due to the inability of the couple to get on the same page. The trio share how to bridge the divide that holds couples back from making successful decisions.4. Reviewing the existing homeIf you are thinking about retaining the current PPOR, there are important questions to ask yourself. If your plan is to turn it into an accidental investment property – have you considered whether the property has investment grade qualities, and are you able to optimise your tax deductions? Or if you think you would be happy living in it for the long-term – are you happy with the location and does the dwelling suit your future needs? Or does it need some work? Being honest about your property is critical to seeing clearly.5. Modelling the scenariosThe trio unpack the pros and cons of the three scenarios that were presented to Neil and Amy for their next decision and each outlines their preferred scenario. Scenario 1 – purchase the long-term home for $1,600,000 and sell the existing home. Scenario 2 – Purchase the long-term home for $1,300,000 using equity in the existing property which is retained as an investment. Scenario 3 – Keep living in the current home and purchase an investment for $800,000. Which would you pick?6. The importance of revising your planSometimes the best laid plans get thrown overboard when there is an unexpected spanner in the works. This is why risk management is critical, via your mortgage strategies, available funds buffer and surplus cash flow. We're often great at thinking about the worst that could happen and having a plan for that. But risk management is also about giving yourself the ability to say yes to the exciting opportunities that come your way. This could range from acquisition opportunities within a business, taking the opportunity to buy a great asset, being able to take time off work to study, extra parental leave, going on holidays or taking a secondment, (to name a few).Visit the show notes - https://propertyplanning.com.au/listener-case-study-whats-our-next-move-renovate-our-home-and-invest-sell-the-home-and-upgrade-or-upgrade-and-convert-the-home-into-an-investment-ep-143/

Got a question for the trio? - https://zfrmz.com/uLtjhyBskV96PY6eJfaIhttps://propertyplanning.com.au/propertyplannerbuyerprofessor/In this week's episode Dave, Cate and Pete take you through:Market updatesThe power of compound growthDave highlights why time in the market is such a key to success. It seems crazy that it took NSW almost 100 years to reach a total value of $1 trillion and only 7 years to then reach $2 trillion. But if you look at the numbers, the compound growth has actually remained fairly consistent.Why you should be prepared to put your hand up at auctionCate takes you through the current sentiment at the coal face which is causing many nervous buyers to avoid bidding for a property they really want and subsequently missing out. Many properties that have been passed in have been sold within minutes, so make sure you throw your hat in the ring to get first dibs on negotiating with the vendor.Listener questionsWhy has my dwelling gone up in value when the building is a depreciating asset?The trio sink their teeth into this interesting case study posed by one of our listeners who purchased a house and land package in 2020 and was surprised to find that the value of his dwelling had increased in value since then. How is that possible when the land is the appreciating asset and the dwelling is depreciating? Have we been wrong all this time?When should you purchase property in a trust?Trusts can be confusing and complex structures to set up and you may get conflicting advice from various professionals on the matter. So, what should you do? The trio discuss the pros and cons of purchasing property within a trust and how to source the advice you receive from your lawyers, accountants and financial planners. Don't forget to check out our show notes for some more educational material on trusts and property ownership.The impact of the media on the property marketOne of our listeners was keen to open a can of worms and asked the trio “do you think the media is culpable in how they report these days because they impact sentiment, and do you see it as an opportunity to invest because you know your fundamentals and are happy to take advantage of a jittery market?” The trio talk through this ripper of a question and how to vet the media noise that we are bombarded with daily.Visit the show notes - https://propertyplanning.com.au/listener-questions-i-bought-a-house-and-land-package-the-dwelling-has-increased-in-value-ep-142/

Got a question for the trio? - https://zfrmz.com/uLtjhyBskV96PY6eJfaIhttps://propertyplanning.com.au/propertyplannerbuyerprofessor/In this week's episode Dave, Cate and Pete take you through:Market updates1. Similarities between the car market and property marketThe trio discuss their experiences of trying to purchase a car in the last 12 months and how this closely follows the experience of many budding property purchasers. Cate shares a sneak peak of our next episode, which will be addressing a question from our listener, whose brand-new dwelling has gone up in value. They all share one key theme, can you guess what it is?2. Return to the CBDCate shares that for the first time in her career as a buyer's agent, she has a significant number of clients that are looking to purchase inner city property. There has certainly been a shift back to apartment living in the CBD, particularly for those who chose to live regionally during covid lockdowns and wish to retain a city ‘pad', but there are limited quality apartments blocks.3. How does consumer sentiment relate to property price growthDave shares his research on the consumer sentiment index and how the sentiment statistics correlate to national property value growth. Can they give an insight into the future? The results are fascinating. Check out the show notes to take a look at the graphs.The Q to T of Property successQ – Qualifications that property professionals (should) haveThe trio discuss the qualifications required to become a property investment advisor (you may be surprised at the answer!) and how mandatory qualifications apply to other professionals such as buyer's agents, real estate agents, financial planners, mortgage brokers and building and pest inspectors. As a consumer it's important that you choose your trusted advisors wisely and ask them their level of experience before you make a decision on who to partner with. Cate shares a hot tip for our listeners on how to spot the red flags.R – Refinance, when and why should you do itDave shares with you the 12 benefits to refinancing and why you should consider reviewing your mortgage strategy. But refinancing is not the best option for everyone, and the trio discuss when refinancing is a bad idea.S – Sale to Settlement, and everything in betweenSo, you've just purchased, what happens next? Cate takes us through the various moving pieces that need to be organised prior to settlement. A word of warning, if your legal representative or mortgage broker asks you to do something, put that at the top of your priority list. The trio discuss what not to do and why you should always clarify the status of your pre-approval and expected settlement timeframe with your mortgage broker before putting in an offer.T – Tax and why you need a great accountantThe trio discuss how capital gains tax is calculated, land tax, GST and margin schemes. Do any of these apply to you? Some are only related to property development and if you'd like to dip your toe into the development pond, finding a good accountant who knows their way around property tax is step number one. Visit the show notes to access our other episodes where the trio dive into tax in more detail.Visit the show notes - https://propertyplanning.com.au/the-q-to-t-of-property-success-ep-141/

Ask the trio a question - https://zfrmz.com/uLtjhyBskV96PY6eJfaIhttps://propertyplanning.com.au/propertyplannerbuyerprofessor/In this week's episode Dave, Cate and Pete take you through:1. Brisbane and Adelaide show no signs of slowingThe trio discuss the home value index results for January, with Brisbane and Adelaide continuing the trend of above 2% monthly growth, while other capitals are slowing down. January tends to be a distorted month as many agents and vendors shut up shop for the holidays. We await the February results to get a better gauge on the market.2. Rental conditions easingRents have been flying along for the last year, although the quarterly pace of growth has been easing from 3.2% increases in March 2021 quarter to 2% over the three months ending in January 2022. Unsurprisingly, Sydney and Melbourne remain the only capitals in which rental yields are averaged at below 3%. Cate shares some insights on why available rental stock listings in the Melbourne CBD market have plummeted over the last 9 months.3. Listings and the correlation between property growth ratesThe trio discuss the level of old listings, new listings and total listings and how this has a direct correlation with value growth in our capital cities.4. Consumer sentimentConsumer sentiment continues to remain negative when considering whether now is a good time to buy a dwelling. However the house price expectations index fell below 150 points for the first time since January 2021. While expectations on the East Coast dropped, house price expectations took a big upwards swing in Western Australia. The trio discuss the potential drivers of this shift in sentiment.5. Lending indicatorsWhile 2021 was largely the year of the returning investor, lending indicators for December show an increase in owner occupiers greater than that of the measured increase in investors. The trio discuss whether this is an early indicator of the turning of the tide.6. Unemployment drops againKudos to South Australia for achieving the lowest unemployment rate ever recorded at 3.9%. However, the trio note that being one of the smaller states in terms of per capita, the data can be more volatile. Nationally unemployment decreased from 4.6% to 4.3%, which is a good news story for the government heading into an election.7. RBA announcementGovernor Lowe has softened his stance on cash rate increases, saying now that it could be ‘plausible' for cash rates to rise this year. While inflation certainly has picked up, it's too early to conclude that inflation is sustainably within the target band to increase the cash rate and wages growth remains an issue. Most economists expect that any rate rises on the horizon will not come before August.8. InflationThe latest data from the ABS shows CPI has increased 1.3% over the December quarter and 3.5% over the year. However, when making monetary policy decisions, the RBA looks at the trimmed mean, which excludes any outliers that can skew the data, which has increased to 2.6%, the highest since June 2014. The trio discuss the contributing factors driving inflation.9. Will the election announcement have an impact on property prices?The trio discuss the forthcoming federal election and whether we'll see a slow-down in market activity and property price growth in the lead up.Visit the show notes - https://propertyplanning.com.au/market-update-january-22-why-are-brisbane-and-adelaide-flying-election-impact-on-property-prices-are-investors-on-the-way-out-evidence-of-how-listings-numbers-is-driving-capital-growth-is-inflat/

Where can you find the best independent forecasts and information for the year ahead in Australian property? As we continue our summer series in partnership with Realty Talk, Australia's top online property show hosted by Bushy Martin, where we've been talking with independent industry leaders about where Australian property is heading in 2022, this episode we share insights from the 2022 Bricks & Mortar Media Property Market Forecasts report. We kick off with an introduction and overview of the report by BMM's Nicola McDougall, before sharing individual property projections by the Chair of the Property Investors Council of Australia, Ben Kingsley. This is followed by a great chat with Kevin Brogan from national valuers Herron Todd White who makes us aware of VESPAs, so you'll have to listen in to find out what this is. Rich Harvey from Property Buyer then rounds out the show with his forecasts on what's likely to occur on the east coast and beyond, in contrast to pessimistic outlooks by many bank economists. And if you want to read all of the details from these and a host of other property experts, grab yourself a copy of the full BMM report by clicking here. Join the Get Invested community: And if you want to continue investing in your knowledge, join me and many other like minded investors in our Get Invested community right now. I send a free and exclusive monthly email full of practical ‘Self, Health and Wealth' wisdom that our current Freedom Fighter subscribers can't wait to get each month. It's full of investment and lifestyle tips, my personal book recommendations, apps I use to enhance life and so much more. Just visit bushymartin.com.au and sign up at the bottom of the page … because this is just the beginning! Get Invested is the leading weekly podcast for Australians who want to learn how to unlock their full ‘self, health and wealth' potential. Hosted by Bushy Martin, an award winning property investor, founder, author and media commentator who is recognised as one of Australia's most trusted experts in property, investment and lifestyle, Get Invested reveals the secrets of the high performers who invest for success in every aspect of their lives and the world around them. Remember to subscribe on your favourite podcast player, and if you're enjoying the show please leave us a review. Find out more about Get Invested here https://bushymartin.com.au/get-invested-podcast/  Want to connect with Bushy? Get in touch here https://bushymartin.com.au/contact/  This show is produced by Apiro Media - http://apiropodcasts.com

https://propertyplanning.com.au/propertyplannerbuyerprofessor/In this week's episode Dave, Cate and Pete take you through:Market updates1. Two speed market emergesThe latest data for January discloses a two-speed market emerging within our capital cities. Adelaide and Brisbane have continued their outstanding growth, demonstrating 7% and 8% respectively. The other capital cities, while not going backwards in value, are showing a significant slow-down in growth. The trio discuss whether this is transitory and whether can the data be relied upon for determining a trend in to 2022?2. Will interest rates rise?The RBA's stance on the cash rate not seeing a rate hike this year is slowly softening, with Governor Lowe stating that it's plausible we will see a cash rate rise this year. Most economists are forecasting that an interest rate move is unlikely until at least August, when we will have two data sets of quarterly statistics for 2022 for the RBA to use to make a decision. Watch this space.Buying your dream home1. The starting point - how viable is your plan?The trio discuss the two key elements for determining whether your dream is feasible and how to work through these two elements: budget and tenure. If feasibility is an issue, then be prepared with a Plan B, which could require getting clear on compromises or purchasing a stepping-stone home.2. How frequently does your dream-home come up for sale?The trio discuss how to find out if your dream home is a needle in a haystack or a more frequently listed proposition. Understanding this is critical, as it will determine your purchasing and negotiation strategy and how quickly, (and strongly) you will need to act if your dream home has just come on the market.3. Sometimes you don't know what your dream home is until you walk into it. If you have so many intricate things that determine up your dream home, then just build it. You will get exactly what you want, as opposed to searching for a product in a moving market that doesn't exist. We note, however that this is not our advice for investment.4. How fussy is too fussy?If you have a long wish list of intricate things that make up your dream home, then you need to ask yourself how viable and realistic your search actually is. However, when considering buying an established property, you may be chasing a mirage if you can't see any similar properties that have been sold in the last 6 months.5. The risks of chasing a lofty or infrequent dreamThe trio discuss the risks of searching for a unique property and the implication of delayed decisions. It's important to remember that properties are like people, they are never perfect, but you should be able to find one that scores high on your wish list.6. What is it ok to compromise on and what isn't?Compromise, that ugly word! The reality is that you're unlikely to find a home that ticks every single box, so what are you willing to compromise on and is your significant other on the same page? Pete shares a valuable tip on the element that he never suggests compromising on…. Location.7. How do you start documenting your wish list and action plan?Determining your must haves and nice to haves is a great place to start. Removing all properties from your search that don't include your must haves will stop you from wasting precious time. If after searching for comparable sales you find that your brief is not feasible, it may be time to revisit your compromises.8. How do you future-proof a purchase?The trio discuss the critical considerations for ensuring that you live happily for a long time in your home, as the costs of purchasing and selling a property can significantly eat into your wealth over your lifetime.Visit the show notes - https://propertyplanning.com.au/buying-your-dream-home-how-viable-is-your-plan-documenting-your-wish-list-how-fussy-is-too-fussy-the-art-of-compromise-the-risks-of-chasing-a-lofty-dream-and-more-ep-139/

https://propertyplanning.com.au/propertyplannerbuyerprofessor/In this week's episode Dave, Cate and Pete take you through:1. A question from our listenerIn this week's episode we dive into a question received from one of our listeners who was concerned that he may have made an investment mistake and purchased the wrong property. The key question as posed by the listener was “is this a situation we can even recover from?”. In this interesting and insightful case study, the trio unpack the listener's scenario and discuss possible options for his next steps.2. Analysing the investmentThe trio apply a critical eye to the property in question and they also assess the other properties owned by the listener to determine the future growth prospects, projected outgoings and anticipated rental yield.3. Why did the property seem like a good investment?The bells and whistles attached to a property may make it appear to be a good investment that will likely attract tenants. But often these shiny elements can catch your eye and blind you to what's important, like the land to asset ratio, which is the primary driver of capital growth. These bells and whistles can also be a drainer on your cash flow and yield in the long-term. The trio discuss some clever marketing tricks that can deceive investors into going down the wrong path.4. Peeling back the onion and working on long-term goalsWhere many investors trip on their property portfolio journey, is failing to think about their lifestyle goals and long-term home. For most people, getting into the dream home is one of the big rocks that you want to fit in the jar, and this may mean selling one or a number of investment properties to achieve this goal. The trio discuss planning for your home and how this fits into your portfolio strategy, including retirement planning.5. Running the numbersA key component of any investment decision, whether it's to buy or sell, is to get a clear idea on the different paths you can take and whether you can make that step now. This involves doing the maths and modelling scenarios to make an informed decision. The trio crunch the numbers in this listener scenario – can they get into their long-term home now? Or soon?6. Making peace with selling at a lossMany property owners will need to consider selling a property, whether due to upgrading, offloading a poor performing asset or as part of a debt retirement strategy. With the large in and out costs associated with property transactions, this decision can be an emotional challenge, particularly where a property is sold at a loss. The decision to sell a property should be a serious consideration, if it makes financial sense when considering your long-term goals and opportunity cost.Visit the show notes - https://propertyplanning.com.au/listener-questions-i-bought-a-dud-property-can-we-recover-why-rushing-into-an-investment-can-mask-other-problems-is-lack-of-clarity-on-the-future-home-the-true-cause-being-clea/

https://propertyplanning.com.au/propertyplannerbuyerprofessor/In this week's episode Dave, Cate and Pete take you through:1. A look in the rear view mirror at 2021The trio revisit the predictions they made for 2021. Were they on the money or did they miss the mark? Tune in to find out!2. What will the property market do in 2022?What capital growth rates can we expect around the nation this year? The trio lay their predictions down for 2022 and how that compares with other forecaster's.3. Which capital cities will be the top performers?The trio look into the crystal ball and explain which capitals are expected to top the charts this year. But remember, property is not an asset class that lends itself to short-term investing. The important thing is to plan and strategise for the long-term.4. How will regional locations fare?Will regional locations outperform capital cities again or will capital cities continue to reign?5. Investor participationInvestors have shown strong increases in activity over 2021, but is this trend likely to continue? The trio share their insights.6. Will APRA intervene in the property market?The trio discuss their predictions for the regulator's level of intervention and whether or not they feel government policy changes will be prescribed temper the market in 2022.7. The outlook for developers and building startsResidential construction costs have jumped by 7.1% in 2021and builders are flat out with projects, exacerbated by labour shortages. Will this trend continue and what impact will it have on the property market?8. Can we expect a rate increase in 2022?The trio share their predictions for a cash rate rise by the RBA and where fixed rates will go this year.9. Rental market forecasts2021 has been a story of increasing rents and decreasing vacancy rates. The trio discuss the outlook for rental markets in 2022.10. Sales volumes2021 was a record breaking year for sales volumes, but will 2022 keep pace? Tune in to find out!11. Risks which could impact the property marketThe trio discuss potential risks on the horizon which could impact the property market this year.Visit the show notes - https://propertyplanning.com.au/predictions-for-2022-and-a-look-in-the-rear-view-mirror-at-2021-ep-137/

Are you wondering what's in store for property across the country in 2022? Well, you're in the best place to find out! In the first of a special 2 part show series, Bushy Martin interviews all of the country's leading property commentators to unpack all the gold from the just-released 2022 Bricks & Mortar Media Property Market Forecasts report. We kick off this week with an introduction and overview of the report by BMM's Nicola McDougall, before sharing individual property projections by the Chair of the Property Investors Council of Australia Ben Kingsley, followed by Kevin Brogan from national valuers Herron Todd White. Rich Harvey from Property Buyer then rounds out the show with his forecasts on what is likely to occur on the East Coast.  And if you want to read all of the details from these and other property experts, grab yourself a copy of the full BMM report by clicking on the link on our home page at www.realty.com.au RealtyTalk is your trusted voice in property investment and Australia's most popular online property show.  RealtyTalk is brought to you by Realty, Australia's leading search and social property distribution platform that helps investors like you beat the crowd, giving you the earliest access to property opportunities, listings and insights. Check out Realty. RealtyTalk is hosted by top property investment expert, author, and founder of KnowHow Property, Bushy Martin. Find out how Bushy's KnowHow team helps investors unlock freedom with finance and property here, and check out Bushy's podcast Get Invested.  RealtyTalk is supported by BMT, a company that helps property investors save thousands of dollars each year by maximizing tax deductions from investment properties. Find out more. See omnystudio.com/listener for privacy information.