Search Party Property: Recent Episodes
Search Party Property
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USA & China Trade & Currency wars continue
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Stock markets took a major hit, but is this just short term volatility?
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Further interest rates cuts predicted in Australia, and Retail is a struggle
To discuss ideas, Call Luke Moroney - 0400332377 - Search Party Property - Buyers Agents
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We have a referral program for those interested - DM me for info.
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Do you need someone?
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Are they likeminded?
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Do they have the right mindset to help - can push a little, and help you through the struggles?
To discuss ideas, Call Luke Moroney - 0400332377 - Search Party Property - Buyers Agents
Sign up for our ‘Property Deal of the Week’ email (via our website)
We have a referral program for those interested - DM me for info.
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What affects you - each day, or when you are confront by issues/people
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How do you respond??
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Fix it with Empathy
To discuss ideas, Call Luke Moroney - 0400332377 - Search Party Property - Buyers Agents
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We have a referral program for those interested - DM me for info.
Are you mindful of the Auction tactics others use? #206
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Leaving a builders truck outside the house
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Burn outs down the road - at time of Auction
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Being Dismissive or Intimidating others
To discuss ideas, Call Luke Moroney - 0400332377 - Search Party Property - Buyers Agents
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We have a referral program for those interested - DM me for info.
Are you watching the current economic headwinds? #205
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As investors we need to assess the opportunities, the risks, the dangers - When do we go hard, we are we more conservative?
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Construction slow down in Australia - Residential highrise & a boost to infrastructure sending (yet to be deployed
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USA markets having the jitters, with interest rates decreasing, trade issues with China, Property markets at their peaks (that is the word on the streets)
To discuss ideas, Call Luke Moroney - 0400332377 - Search Party Property - Buyers Agents
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We have a referral program for those interested - DM me for info.
After a holiday, do you get straight back to property? #204
As Property (and life) is a Mindset game, we need to reflect on where we are at.
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Often need a holiday after the holiday - might take a week to adjust
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Set the priority list for bills, management of portfolio, check in with Property Managers & Team on current issues
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What education do you need to do, and who do you need to meet with or attend seminars with?
To discuss ideas, Call Luke Moroney - 0400332377 - Search Party Property - Buyers Agents
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We have a referral program for those interested - DM me for info.
As Australians, are we becoming more Property savvy? #203
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There is lots of education, seminars, the internet information - is there too much?
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Home buying is a top priority for most, which is often an Emotional decision (even when it makes better financial sense to rent)
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In this ERA, we seem to be more about instant gratification, quick wins, entrepreneurship… and no recession for 27+ years
To discuss ideas, Call Luke Moroney - 0400332377 - Search Party Property - Buyers Agents
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We have a referral program for those interested - DM me for info.
My Personal & Property learnings on the plane home? #202
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Start a Conversation - it could turn out to be massive
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Showing Kindness, and receiving gratitude
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Podcasts - taking notes
To discuss ideas, Call Luke Moroney - 0400332377 - Search Party Property - Buyers Agents
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We have a referral program for those interested - DM me for info.
My Deep takeaways from the USA Property trip? #201
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Dealing with Great People - watching them interact and doing business
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There are lots of opportunities - the importance is around choosing the right idea, company, and People!!
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I’m even more motivated to do more (not sure that was possible) - understanding more about me (especially when traveling alone)
To discuss ideas, Call Luke Moroney - 0400332377 - Search Party Property - Buyers Agents
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We have a referral program for those interested - DM me for info.
What are your Mindset Challenges #2? #200
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Are your issues the same as others?
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Self Awareness in Business
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Are you an Action Taker? (hear some examples)
To discuss ideas, Call Luke Moroney - 0400332377 - Search Party Property - Buyers Agents
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We have a referral program for those interested - DM me for info.
What are the Property trends in the USA that could impact Australia? #199
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There is a lot of disruption in the Property space - Zillow, Open Door, ibuyers
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The disruptors still need to have a human voice to speak to the general public
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Work online and offline - the relationship is key - as we are dealing with huge financial decisions
To discuss ideas, Call Luke Moroney - 0400332377 - Search Party Property - Buyers Agents
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We have a referral program for those interested - DM me for info.
What are the key outcomes of Inman Connect Event? #198
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Adapting to the world - changes, social media - you change or you die (Toys R Us)
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Online & Offline connections - get creative - send a video via text
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Wisdom of others & being intentional
To discuss ideas, Call Luke Moroney - 0400332377 - Search Party Property - Buyers Agents
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We have a referral program for those interested - DM me for info.
Is Blockchain the future in Property transactions? #197
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Avoids risks of Security and Fraud (Canberra property)
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More awareness around Blockchain - increasing use, and finance companies are talking about it
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It will help with 3rd world countries land titles, with local Title offices, and government records
To discuss ideas, Call Luke Moroney - 0400332377 - Search Party Property - Buyers Agents
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We have a referral program for those interested - DM me for info.
How does Search Party Property stand out from the crowd? #196
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Looking to change and adapt - social, strategies (Random to Real Estate - Rett Horman)
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Use a team of experts, further education, attending overseas events - connecting is key
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On The Ground, and accessible to clients
To discuss ideas, Call Luke Moroney - 0400332377 - Search Party Property - Buyers Agents
Sign up for our ‘Property Deal of the Week’ email (via our website)
We have a referral program for those interested - DM me for info.
How are you holding yourself Accountable in Property? #195
The more people you tell, and the more you talk about it, the more likely it is you will achieve it…
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Are you talking about WHY you want to achieve? (and writing it down)
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Are you talking about WHAT you want to achieve? (and writing it down)
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Use social media, go to seminars, ask others what you should be doing
To discuss ideas, Call Luke Moroney - 0400332377 - Search Party Property - Buyers Agents
Sign up for our ‘Property Deal of the Week’ email (via our website)
We have a referral program for those interested - DM me for info.
What small improvements in Property can you make? #194
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Education - Podcasts, social media, interact with comments
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Mindset & Personal Development
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Network to find your TEAM
To discuss ideas, Call Luke Moroney - 0400332377 - Search Party Property - Buyers Agents
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We have a referral program for those interested - DM me for info.
What insights will you get from a Property Tech event? #193
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Be around smart people - or with people with different skills
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Be in the forefront of Property Industry change
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The USA is often years ahead of the Australia in lots of business, and in Property
To discuss ideas, Call Luke Moroney - 0400332377 - Search Party Property - Buyers Agents
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We have a referral program for those interested - DM me for info.
What is the Value in being around good people? #192
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Learn from the experiences - higher level of thinking
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Positivity, Helpful, Kindness
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We are often influenced by those we spend time with
To discuss ideas, Call Luke Moroney - 0400332377 - Search Party Property - Buyers Agents
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We have a referral program for those interested - DM me for info.
What are your Mindset challenges? #191
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Are you focusing on what you don’t want? - the fears, failures (rather than what you do want?)
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Are you looking forward or back (how will ‘looking back’ help you?)
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What are the internal and external battles that you have?
To discuss ideas, Call Luke Moroney - 0400332377 - Search Party Property - Buyers Agents
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We have a referral program for those interested - DM me for info.
Uncertainty in the market, what should you do? #190
Concerns about economic growth, Construction industry Positive signs with more affordability with drops in Sydney & Melbourne, loan servicing requirements to get better for borrowers
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Assess your finances - what can you do, how much buffer, what is your weekly budget like, how is your job/income going?
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With uncertainty, comes opportunity - great buys right now
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Either look to take action - if you can (financially), or focus on increasing income and reducing expenses
To discuss ideas, Call Luke Moroney - 0400332377 - Search Party Property - Buyers Agents
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We have a referral program for those interested - DM me for info.
Is there a Highrise Unit Construction Crisis? #189
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We continue to see evacuations, and the government advising there is a problem
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Many different bodies seen to be at fault - Builders, Insurers, State Governments, Private Certifiers & Surveyors, Federal Government,
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No solutions as yet - Consumer Protection is suffering - more consumer protection on buying a toaster than a unit
To discuss ideas, Call Luke Moroney - 0400332377 - Search Party Property - Buyers Agents
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We have a referral program for those interested - DM me for info.
The list of building is growing... Opal Tower in SYD - cracks (36 Storeys) Neo200 in MEL - cladding (43 Storeys) Mascot Towers in SYD - cracks (10 Storeys) 19 Gadigal in Zetland, SYD - water & fire safety issues Campsie Building - cracks (reported Sunrise, CH 7) Canberra Building cracks, using basement supports (reported ABC)
What is the Age Challenge lesson on Property? #188
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It’s fun to see what our future self might look like - what about how we will think?
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Are people planning their futures - working on them now?
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What will Property Prices look like in 50 years time?
To discuss ideas, Call Luke Moroney - 0400332377 - Search Party Property - Buyers Agents
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We have a referral program for those interested - DM me for info.
Why would you sell an Investing Property? #187
I just sold a Property in Melbourne, at made $110k profit in 4 years - Sale price $293K
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Property is at the Peak of the market - You’re thinking there is going to be a price decline
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Look to move the money into other property or business
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Watch out for the Capital Gains Tax - especially if you are doing multiple sales in 1 year
To discuss ideas, Call Luke Moroney - 0400332377 - Search Party Property - Buyers Agents
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We have a referral program for those interested - DM me for info.
Are you Growing Wealth through Property? #186
(Sydney Morning Herald article)
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"A key element of Australians’ wealth, and into which goes a large proportion of income, is a home."
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"The wealth of the average Australian household has surged past $1 million but low-income families have not seen any increase in their net worth for more than a decade."
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I feel you can grow your wealth even quicker and easier through investing and/or rentvesting
To discuss ideas, Call Luke Moroney - 0400332377 - Search Party Property - Buyers Agents
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We have a referral program for those interested - DM me for info.
Are you doing your Passion? #185
My Uber Drive does - Cars Deals & Sells them overseas - Big market in Scandinavia-car clubs
His keys to success -
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No car shows or advertised cars (Buy Wholesale)
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Sticking to 1 strategy, simple formula - $120k sell, $70k buy + $15k Reno (at most) $30-50k profit
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Understand cars, find faults in 20 mins looking under the car (Bumper dent - I hope nobody was killed)
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Set up his team - staff in USA & Overseas - equally as passionate
… Why retire, when you live what you do
To discuss ideas, Call Luke Moroney - 0400332377 - Search Party Property - Buyers Agents
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We have a referral program for those interested - DM me for info.
Sunday Mindset Session - The Deep Dive? #184
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shiny syndrome
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getting distracted
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diversification from your model/path
To discuss ideas, Call Luke Moroney - 0400332377 - Search Party Property - Buyers Agents
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We have a referral program for those interested - DM me for info.
What can we learn from Flipping property LA Style? #183
Property Tour with Adam Halen in Los Angeles
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Solving peoples problems
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Working with a team
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Making profits
To discuss ideas, Call Luke Moroney - 0400332377 - Search Party Property - Buyers Agents
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We have a referral program for those interested - DM me for info.
Why some see problems, others see opportunity? #182
After talking with a few LA locals…
When people complain I hear - OPPORTUNITY
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Issues with affordability, rent control, cost of living pressures
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The mindset of how you want to live - do you accept it, dwell… OR move forward?
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As investors, we are problem solvers
To discuss ideas, Call Luke Moroney - 0400332377 - Search Party Property - Buyers Agents
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We have a referral program for those interested - DM me for info.
Why would you use a Property Buyers Agent? #181
Our Aim is to help people retire in 10 years
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Get discounted Properties that will be even more than the $8,800 fee we charge - because of relationships built over the past 9 years
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Area and Property knowledge - What streets are better than others? Why does one deal work over others?
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Your time - is your time better spent in your job or with your family?
To discuss ideas, Call Luke Moroney - 0400332377 - Search Party Property - Buyers Agents
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We have a referral program for those interested - DM me for info.
What is happening with LA property, and how is it similar to Australian Capital cities? #180
1.Google and other Silicon Valley Companies taking space in West LA
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Rent control - is seeing reduced stock levels
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Affordability less
To discuss ideas, Call Luke Moroney - 0400332377 - Search Party Property - Buyers Agents
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We have a referral program for those interested - DM me for info.
Do you Escape from Property completely? #179
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1st photo - building site
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Drawn to people and things associated with property (architecture drawings at SYD airport, finance talk, 2 guys at a cafe in LA)
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I did - sample the local Korea Town food
To discuss ideas, Call Luke Moroney - 0400332377 - Search Party Property - Buyers Agents
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We have a referral program for those interested - DM me for info.
Do you allow for Escapism? #178
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During the day
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For extended periods
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Consistently to rejuvenate
To discuss ideas, Call Luke Moroney - 0400332377 - Search Party Property - Buyers Agents
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We have a referral program for those interested - DM me for info.
How do you work on yourself for better outcomes? #177
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Being yourself
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Letting go of your thoughts-Avoid overthink
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Escape the daily grind - mix it up
To discuss ideas, Call Luke Moroney - 0400332377 - Search Party Property - Buyers Agents
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We have a referral program for those interested - DM me for info.
What are the future Efficiencies of Property Investing? #176
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Use Voice Devices for Repairs (Google & Amazon)
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Signing of leases & agreements - quicker and easier
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Video Inspections - Go on Tour with the Property Managers (interactive)
To discuss ideas, Call Luke Moroney - 0400332377 - Search Party Property - Buyers Agents
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We have a referral program for those interested - DM me for info.
What value do you get from being with like-minded people? #176
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Motivation
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Ideas
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Momentum
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Education
To discuss ideas, Call Luke Moroney - 0400332377 - Search Party Property - Buyers Agents
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We have a referral program for those interested - DM me for info.
What will happen with the construction industry due to Mascot Towers building issues? #175
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More professional industry, with better building standards
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Lenders at the experience of the builders
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Lenders will look to avoid the cheapest builder
To discuss ideas, Call Luke Moroney - 0400332377 - Search Party Property - Buyers Agents
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We have a referral program for those interested - DM me for info.
How important is your Property Manager with Investing? #174
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The selection of the tenant
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Moulding the tenant to be proactive
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Communications and Efficiency
To discuss ideas, Call Luke Moroney - 0400332377 - Search Party Property - Buyers Agents
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We have a referral program for those interested - DM me for info.
Will Interest Rates cuts help the Property Market? #173
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There is seems to be more Buyer energy - Confidence is coming back
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Banks/Lenders looking to cut rates
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Servicing on loans still seems tight - will APRA change things, and see a surge in Buying activity?
To discuss ideas, Call Luke Moroney - 0400332377 - Search Party Property - Buyers Agents
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We have a referral program for those interested - DM me for info.
What do you need to be Self Aware about in Property? #172
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Do you go it alone? It is cheaper, it’s easy to buy property
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Looking for the Quick wins - focused on the Money
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The relationships you make - does it feel right
To discuss ideas, Call Luke Moroney - 0400332377 - Search Party Property - Buyers Agents
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We have a referral program for those interested - DM me for info.
What are the little things some investors miss? #171
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More affluent Buyers heading to Europe/USA for mid-year and year-end Holidays
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Building relationships with agents will help with knowing if they want to move a property fast or slow
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Getting those off-market deals, especially in a low listing environment
To discuss ideas, Call Luke Moroney - 0400332377 - Search Party Property - Buyers Agents
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We have a referral program for those interested - DM me for info.
Insurance Premiums Massive rise at Opal Tower!! #170
Insurance increased from $100,000 to $2,000,000 (1900% increase)
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High Risk for insurance companies - policies are being sourced overseas
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Further devalues the unit value - increase strata levies and special levies
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Will high-rise buildings need to provide structural report every 1-5 years, which will increase costs?
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What will the Government do to stop this snowball affect?
To discuss ideas, Call Luke Moroney - 0400332377 - Search Party Property - Buyers Agents
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We have a referral program for those interested - DM me for info.
Wanting to invest as little as $10,000 into Property? #169
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Asking price: $5M. Offered $4M. Vendor Countered at $4.5M. 12 months passes. Vendor finally agrees to $4M price. (Vendor's bank Valuation which came in at $4.2M)
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What are the reasons for this Caboolture Property provide capital growth?
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How does the investment works, and How can people get involved?
To discuss ideas, Call Luke Moroney - 0400332377 - Search Party Property - Buyers Agents
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Why are Costco and Buyers Agents the same? #168
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Relationships with Agents (Suppliers)
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Buying in Bulk
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Ready qualified buyers
To discuss ideas, Call Luke Moroney - 0400332377 - Search Party Property - Buyers Agents
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We have a referral program for those interested - DM me for info.
What is Popular in Property right now? #167
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Duplex deals - high cashflow
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Potential development blocks (1000m2)
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What’s Not Hot - Units
To discuss ideas, Call Luke Moroney - 0400332377 - Search Party Property - Buyers Agents
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We have a referral program for those interested - DM me for info.
Would you buy a unit that is less than 20 years old? #166
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Opal Towers & Mascot Towers - ongoing issues & potential of decreased values
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Outside Cladding fire risk on high rises units
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Over supply of units - For Sale & For Rent (in some areas)
To discuss ideas, Call Luke Moroney - 0400332377 - Search Party Property - Buyers Agents
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We have a referral program for those interested - DM me for info.
What do you think about Mascot Towers dramas? #165
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Special levies being raised by owners
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Government stepping in to assist residents - what precedent is this setting?
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What affect will this have on current unit holders, and future Off-The-Plan sales??
To discuss ideas, Call Luke Moroney - 0400332377 - Search Party Property - Buyers Agents
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We have a referral program for those interested - DM me for info.
How do you get past the life and property issues? #164
You can also view the Facebook Live Video with Tony Meredith - 23 June 2019 (Luke Moroney - Facebook Page)
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Why people know what to do, yet don’t do it
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Focus on the solution, not the problem
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Busy day, overwhelmed, What do I do?
To discuss ideas, Call Luke Moroney - 0400332377 - Search Party Property - Buyers Agents
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We have a referral program for those interested - DM me for info.
If you buy a Dud Property, how do you move forward? #163
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Assess the property, the current market, the economy - do you hold or sell?
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What are the lessons you have learnt, and/or is the Property market been poor? (Finance has been tight for everyone)
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Do you have patience? What is the rush?
To discuss ideas, Call Luke Moroney - 0400332377 - Search Party Property - Buyers Agents
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We have a referral program for those interested - DM me for info.
What’s happening in Melbourne outskirts? #162
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Lower listing numbers, and lower buyer numbers
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First Home Buyers - waiting for the Government Incentive - starting in 2020
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Buyers handing back their deposits or looking to on-sell New Builds at lower price
To discuss ideas, Call Luke Moroney - 0400332377 - Search Party Property - Buyers Agents
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We have a referral program for those interested - DM me for info.
There are big drops in New Build sales!! #161
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Sales volumes fallen 30-70% for various developers in past 12 months (SMH article - Rob Freeman - Macquarie Equities)
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Buyer Defaults are at 5%, well above average of 3% for Stockland? (SMH article)
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Economy continue to looks weak, with thoughts of rate cuts or quantitative easing - suggested by Reserve Bank of Australia
OPPORTUNITIES FOR BUYING ARE OUT THERE!!
To discuss ideas, Call Luke Moroney - 0400332377 - Search Party Property - Buyers Agents
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We have a referral program for those interested - DM me for info.
As an investor, when you pay down debt? #160
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What are your goals, vision, purpose & what are you comfortable with
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Is there a ‘Best Practice’? (does one method fit all)
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If you want to maximum your potential to grow, are you maximising the leverage?
To discuss ideas, Call Luke Moroney - 0400332377 - Search Party Property - Buyers Agents
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We have a referral program for those interested - DM me for info.
Are REA & Domain going to be phased out? #159
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More use of Facebook, Instagram, and other social media platforms to sell
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Higher cost to use REA & Domain (they might need to reduce their prices
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There is a new site - Homes.com.au (looking to compete the Duopoly)
To discuss ideas, Call Luke Moroney - 0400332377 - Search Party Property - Buyers Agents
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We have a referral program for those interested - DM me for info.
Do you go Slow or Hard and Fast with your Property Investing? #158 1. Important to have self awareness - what can you cope with, what is your risk level
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What is the state of the property markets and the economy
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Are you looking for the quick wins - just for the money? (it is like the lotto win affect)
To discuss ideas, Call Luke Moroney - 0400332377 - Search Party Property - Buyers Agents
Sign up for our ‘Property Deal of the Week’ email (via our website)
We have a referral program for those interested - DM me for info.
Are you ’Trusting the Process’ in Property Investing? #157
(Discussions on Facebook Live Video with Tony Meredith)
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Take one step at a time - Crawl, Walk, Run
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Avoid comparing yourself to others
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Keep the focus by creating habits for yourself
To discuss ideas, Call Luke Moroney - 0400332377 - Search Party Property - Buyers Agents Sign up for our ‘Property Deal of the Week’ email (via our website) We have a referral program for those interested - DM me for info.
Fawlty Towers - Take 2, Mascot Towers evacutions? #156
A source has advised on the alleged issues with the building after Resident evacuations occurred on 14 June at 9pm.
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Structural issues with the 3 basement levels - lack of expansion joints
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Fire Safety issues - fire rated wall issues
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Stormwater issues - the basement will be in 6 inches of water when it rains
To discuss ideas, Call Luke Moroney - 0400332377 - Search Party Property - Buyers Agents Sign up for our ‘Property Deal of the Week’ email (via our website) We have a referral program for those interested - DM me for info.
What are the issues when building and renovating? #155
(Based on discussions with Tony Gallagher)
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Preparation before starting - 3 by 3 approach
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Network - Talk to others about what you are doing - Tell the world, and people are likely to offer help
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Expert Help, Strong Communications, Constant inspections - keep the trades accountable and happy
To discuss ideas, Call Luke Moroney - 0400332377 - Search Party Property - Buyers Agents Sign up for our ‘Property Deal of the Week’ email (via our website) We have a referral program for those interested - DM me for info.
Do you analyse and over analyse Property Investing? #154
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Education and know the market is important
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Be careful of what the data is telling you - are there underlining stories, is the data manipulated by the author?
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Almost all Property in Sydney grew by 50%+ if purchased in 2012. If you purchased well, you would have seen 70% growth
To discuss ideas, Call Luke Moroney - 0400332377 - Search Party Property - Buyers Agents Sign up for our ‘Property Deal of the Week’ email (via our website) We have a referral program for those interested - DM me for info.
What were the some of the Messages from the Stand Tall (Mental Health) Event? #153
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If you don’t fail, you’re not trying things
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Do something you love... if you can you must
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We are made this way for a reason... I’m excited to find out what it is...
To discuss ideas, Call Luke Moroney - 0400332377 - Search Party Property - Buyers Agents Sign up for our ‘Property Deal of the Week’ email (via our website) We have a referral program for those interested - DM me for info.
What types of Insurance will help YOU? #152
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Personal protection - Life and Trauma
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Business or Employee
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Property Investing (Cashflow and Growth if Assets)
To discuss ideas, Call Luke Moroney - 0400332377 - Search Party Property - Buyers Agents Sign up for our ‘Property Deal of the Week’ email (via our website) We have a referral program for those interested - DM me for info.
What issues are facing the Aussie Economy? #151
(According to Dr. Andrew Wilson)
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Government Spending is lower
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Dwelling investment down
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No lift in consumer consumption
(Positive - trade is in surplus - mostly due to Iron Ore, although it’s not creating too many jobs)
To discuss ideas, Call Luke Moroney - 0400332377 - Search Party Property - Buyers Agents Sign up for our ‘Property Deal of the Week’ email (via our website) We have a referral program for those interested - DM me for info.
How to increase your wealth, when you have no cash? #150
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Be a deal finder - offer to help other people or companies (become an intern)
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Increase your income and reduce expenses
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Look for money partners - don’t be scared to ask for money… we all borrow money!
To discuss ideas, Call Luke Moroney - 0400332377 - Search Party Property - Buyers Agents Sign up for our ‘Property Deal of the Week’ email (via our website) We have a referral program for those interested - DM me for info.
How do you become a better investor (mentally)? #149
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Focus on what you want, and what you’re willing to sacrifice
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Communication with yourself and others
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Work on facing and concurring your fears
To discuss ideas, Call Luke Moroney - 0400332377 - Search Party Property - Buyers Agents Sign up for our ‘Property Deal of the Week’ email (via our website) We have a referral program for those interested - DM me for info.
Lessons of Search Party Property-1 year in business? #148
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We get to help so many people create their wealth - awesome to see multiple clients
-
So many challenges - the ups and downs are part of business and property
-
It is still a buyers market & the power of social media
To discuss ideas, Call Luke Moroney - 0400332377 - Search Party Property - Buyers Agents Sign up for our ‘Property Deal of the Week’ email (via our website) We have a referral program for those interested - DM me for info.
When Sellers get it wrong, and Investors look for bargains! #147
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Colourful paint of interior or exterior - and/or different colours used in each room of the house
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Untidy yard
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Styled and designed with personal taste in mind, which is likely to detract the majority of buyers - (e.g. having a skelton skull or having theme throughout the house)
**On the flip side, if the property is well style, is neat, uncluttered - the seller is likely looking for a high price.
To discuss ideas, Call Luke Moroney - 0400332377 - Search Party Property - Buyers Agents Sign up for our ‘Property Deal of the Week’ email (via our website) We have a referral program for those interested - DM me for info.
Whats happening with Property Listing Numbers? #146
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Canberra & Melbourne have seen a dramatic increase over the past 12 months, and Hobart not far behind
-
The election had a big affect on the numbers in May - more listing, likely to be less sales
-
In my opinion - we are likely to see the numbers increase
To discuss ideas, Call Luke Moroney - 0400332377 - Search Party Property - Buyers Agents Sign up for our ‘Property Deal of the Week’ email (via our website) We have a referral program for those interested - DM me for info.
Can conservative investors build a Property Portfolio? #145
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Bring in Team members that will assist with the conservative ideas - dive a little deep in the reasons why you might be holding yourself back
-
It’s about taking one step at a time - avoid the overwhelm
-
If there is an increased motivation and desire to create wealth, you’re like to push through the conservative barrier
To discuss ideas, Call Luke Moroney - 0400332377 - Search Party Property - Buyers Agents Sign up for our ‘Property Deal of the Week’ email (via our website) We have a referral program for those interested - DM me for info.
How do you improve your Property habits? #144
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Obvious - in front of you
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Attractive - compels you to act
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Easy - Turn up - even for 5 minutes
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Satisfying - enjoyable
Habits make you become that habit -I am a runner -I am Property person
Habits are a lifestyle
To discuss ideas, Call Luke Moroney - 0400332377 - Search Party Property - Buyers Agents Sign up for our ‘Property Deal of the Week’ email (via our website) We have a referral program for those interested - DM me for info.
What does Luke need to work on? #143
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Give more value about Property for Investors and home buyers
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Putting myself out there more and showing my unique difference
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Prospecting for clients
To discuss ideas, Call Luke Moroney - 0400332377 - Search Party Property - Buyers Agents Sign up for our ‘Property Deal of the Week’ email (via our website) We have a referral program for those interested - DM me for info.
What are the Global economic issues? #142
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Trade wars between USA and others (China & Mexico… for the moment)
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Bond Yields, and Junk Bond refinancing
-
Global interest rates low - people are looking for higher returns, and will take extra risk - which is inflating the share markets
To discuss ideas, Call Luke Moroney - 0400332377 - Search Party Property - Buyers Agents Sign up for our ‘Property Deal of the Week’ email (via our website) We have a referral program for those interested - DM me for info.
Are you hearing about more job losses? #141
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Telstra is cutting 6000 jobs, and cuts in finance and property sector
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Minimum wage increased, Will it help? There is no Wage growth.
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With uncertainty brings opportunity!!
To discuss ideas, Call Luke Moroney - 0400332377 - Search Party Property - Buyers Agents
Sign up for our ‘Property Deal of the Week’ email (via our website) We have a referral program for those interested - DM me for info.
Are you putting yourself out there in your Property Investing? #140
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Taking that first step, and second - Asking questions, getting outside your comfort zone?
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Constantly talking with experts, experienced investors, and attending events
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Do you maintain the Property habit, or fall off - as many do?
Why the ATO’s aggression might be sign of a weakening economy!! #139
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Worried that bad debts are going to increase, and looking to get the money now. There could be a sign for tougher economic times, and the ATO might be looking to avoid major debt issues - like during the Global Financial Crisis.
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2/3 of businesses have outstanding debts with the Australian Tax Office
-
Lots of people in Property industry have been affected - Construction, Real Estate Agents, Trades people, Sole Traders
Are there issues with Rental Vacancy, and What do you do about it? #138
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Oversupply in the unit market across many areas of the country
-
If people continue to move out of Sydney, more supply will come on the market - international immigration will help (assess every area)
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You can Do to minimise issues - choose your investment wisely, have a good relationship with the tenant, keep it neat and tidy, repair and maintain
Are you thinking about your future path in Property? #137
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Will help you think and focus on the journey to create - what strategy?
-
Thinking about the future will help with think longterm - having patience over seeking out quick wins
-
You start becoming or creating what you think about (where your focus goes, the energy flows)
Are you acting as the Queen Bee of your team? #136
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Looking for the right team members to work with
-
Ultimately, you are the one that needs to do the work and make the decisions - (Nike - Just Do It… Take Action)
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Learn the lessons, if that means failing a different points, understand it is a lesson
Tony Locantro suggests a 35% decline in Sydney Property! #135
(Minimum 35% drop in Sydney Property prices - peak to trough… And Recession to come - and we are technically in a per capita recession)
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House and Land Packages - oversupply (Jordan Springs, Rouse Hill, Box Hill - being the centre of the Housing Bubble) - Bubbles don’t need a pin - Bubbles deflate from an exhaustion of buyers
-
Consumption is 58% of our economy, Millennials addicted to After Pay, unemployment to rise, and construction to slow
-
The banking serviceability still an issue
Are you hearing about hardship in the house and land package or off-the-plan unit markets? #134
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Reports coming through from main-stream media (Channel 7 - Melbourne story)
-
Lending and Bank Valuations have been tough for the past 2 years, and there is worry in the economy
-
It might get a little easier for some of these people, with potential interest rate and lending changes
Why are relationships key to investing? #133
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Better deals
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Work with each other down the track
-
Help with your growth personally & in wealth creation
Are we getting too excited about the APRA changes? #132
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Everyone looking for the turnaround in prices after 2 years of declines
-
The RBA is looking to cut interest rates - twice
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There are a few headwinds around - increase unemployment, construction declines
(RBA - Reserve Bank of Australia)
(APRA - Australian Prudential Regulation Authority)
Are the APRA changes what Property markets were hoping for? #131
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Looking to reduce servicing requirements
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Might mean that interest rates would not need to come down, and that a reduction would help
-
Liberal Party win, and Consumer confidence increase is giving us positive signs
Will there be a frenzied market, post-election? #130
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A lot of up beat confidence after Liberal win - stock market up 100 points today
-
Economist are calling for a turnaround in Prices - which might people sending and lending
-
We still have an issue with tight servicing of loans
*** Question is, how long will the frenzy last?
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People are likely to feel more confident (no changes to Negative Gearing, Capital Gains Tax, Franking Credits, inheritance taxing). Consumer sentiment likely to improve
-
We still have an issue with Lending - the ability to service a loan - with the tough requirements
-
Likely to see more listings hitting the market… more supply with limited demand will see prices stagnant or dip
What do you need to watch out for?
-
Renovators/Flippers are looking to make a quick buck
-
Cheaper, less durable materials (USA - Home Depot example)
-
Do your due diligence when buying - inspections, testimonials from builders clients, research the company and builders history
-
What does Passion for Property mean? Living and breathing property - you would rather go to an open inspection than a footy game
-
The more passionate you are, the more likely you will want - to do, to learn, to grow
-
Passion isn’t a requirement, but ensure your team members are passionate about it
-
Looking for quick wins might result in high risk and financial ruin
-
What is the rush / enjoy the journey / is it about the learnings or the money
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Often people’s financial issues come from holding the wealth rather than growing the wealth
Australian Bureau of Statistics figures are out, what does that mean for Property and our Economy? #125
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Lending down in March 3.7%, and 26% drop in 12 months
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Construction of new homes - down 20% from July 2017
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What will the election bring??
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Budget Management - Keep a close on your Income & Expenses constantly
-
Look to invest in Low Risk strategies, with the potential for growth
-
Portfolio Management, and avoid risking your entire wealth on 1 investment/business
-
2 out of 3 businesses are struggling
-
Business not fully aware of their Liabilities - tax, debts, super payments, paying staff
-
Businesses need to have a 12-18 months tax plan in place
Construction industry struggling Book Keepers getting the numbers wrong *Builders struggling with developments
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persistence (through rejection)
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team will help you move faster
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Avoid comparing yourself to others (stay in your path)
-
It’s important for a buyer to understand the experience of their advisor
-
Helps with developing rapport, that you are upfront and transparent about what I’m doing
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Buyers will have understanding that we Practice what we preach
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It may give people a little confidence to assess finances
-
It may also worry people as they might feel the economy is struggling if the RBA drops rates
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Loan Servicing is still difficult, even if rates drop. Until they change servicing, it doesn’t matter what rates drop by.
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Important to look at the numbers - price, cashflow, cash buffers, risk, interest rates, etc
-
Are investors considering their Gut feel on the property?
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When you have ‘Skin in the Game’ - you tend to learn a lot more
-
Property listings and buyer numbers decline (is it an opportunity to buy or sell… when no one else is)
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People are focused on the election campaign - debating each and every policy (time and energy spent on this )
-
A lot of policy this election is focused on the Property Market
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Reserve Bank of Australia leave rates on hold in May (don’t want to mess with the election)
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Slight Increase to unemployment, Inflation low, construction low, retail lower
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Fear in the market due to Tight lending and the Election - at least 1 will be finished in 2 weeks.
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The housing market in Sydney & Melbourne grew 60-70% between 2012-17 due to lots of Interest Only lending (were they irresponsible at first?)
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Are Australians Debt hungry? Are we more Spenders than savers?
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Is Property Investing going to create wealth for individuals? (there are people that lose in property)
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Auction clearance rates in the 60s%
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A feel that things will change after the election
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Unemployment is still low (around 5%)
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What do you need in your current circumstances? Is it your 1st, 2nd or 10th Property?
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Cashflow will get you by week to week, and Capital Growth will expedite your Wealth Creation
-
What relationships are you building that will help with your strategy?
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Agents - to get the deals
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Other investors - motivating and learning from each other
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Team of Experts - be front of mind, and build rapport - potential Joint Ventures for the future
(support each others businesses)
Are the banks crying poor… as profits have reduced
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Even if rates reduce, most people won’t be able to get loans at current serviceability requirements
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APRA may decide to ease back on the serviceability - by 0.5% with each move
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Was the hard-lining by APRA and the Royal Commission worthwhile… do we go back to easy lending?
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Global yields decline
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Reduced prices are capturing headlines (South Yarra sale $1m loss in 3 years)
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Retail per square metre prices trending lower
(Where there is an abundance of Property for sale)
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Valuations are low
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Serviceability is high
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Oversupply of house and land packages
Victoria, the country's biggest greenfield land market, is at the epicentre of the surge in defaults, with its cancellation rate hitting 27 per cent in the first quarter of the year, up from a 12 per cent default rate in the December 2018 quarter and just a 2 per cent fallover rate a year prior, according to land consultancy Research4.
Alongside the surge in defaults, Research4 figures show that Melbourne lot sales tumbled to just 539 a month in the first quarter of the year, down from 2200 at the peak of the market in mid-2017.
(Comments from AFR Article)
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It is best to narrow down your data to a specific area - as result can be quite varied
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How do you really trust the data that is out there… it is so varied and two reports will be vastly different
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During these 'tight lending times’ generalising on markets may not be too far from the truth (as lending is affecting all Australian Property Markets)
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Your Team is the most important part of your success - when buying interstate
-
The ongoing management of the tenant and property is crucial, and remembering to communicate regularly
-
It gets easier with every purchase - it’s like riding a bike for the 1st time
-
Is it close to public transport, universities, etc?
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Do you need to spend money to set in up for Airbnb? Is the money better spent on other investments?
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Is it going interfere with your lifestyle, your family, or family events? Can you co-exist with 1, 2 or many others?
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High Cashflow Deals
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Granny Flat Sites
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Subdivision Sites
(At this time of Tight Finance Conditions, investors will lower there risk and seek potential growth by buying and holding for at least 2 years)
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It is where most people in Australia want to live - Jobs, Beaches, Harbour
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Population increases
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Government policy could intervene - e.g. Rental Control
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On The Ground - people struggle to pay for their Car - Pink slip, as car needs repair
-
Luxury car sales are down
-
Consumer Price Index (Inflation) figures are flat for Quarter 1 of 2019
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Is there more power in buying multiple properties, over seeking the one perfect property
-
The property might surprise you - capital growth might be extraordinary (as zoning or infrastructure changes might send prices vertical)
-
Is it about the money, or about the life experiences? (Is it about the journey or the pot of gold at the end)
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It can open up conservation
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Lead to new work path
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Lead to joint ventures
***TELL YOUR STORY
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Declines in Sydney & Melbourne, small declines in other areas
-
There are always opportunities - look for motivated sellers, off-market deals, or ways to add value to the deal
-
Property is a Patience Game
-
Important to buy really well, with the cost of renovations factored in
-
You still want to be buying in growth markets, as the current Sydney & Melbourne declines might see you in negative territory
-
The conservative approach is to Buy, Reno & Hold - be patient for long term growth
(Check out my Facebook Live Video with Adam Mainey - 20/4/19)
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The agents know what you are about and what you want
-
You get the better deals
-
Having pre-qualified buyers that follow through with a purchase will continue to build the relationship
(And How do you build the Property relationships - keep front of mind)
-
Depends on your confidence levels, education, and confidence in your team
-
Do the deals match your investment criteria? If not, what is missing?
-
Taking Action - buy the property, and set yourself up for Property Deal #2
-
Does the information they provide make sense or resonate with you? What are others saying about it?
-
What are the reasons behind their forecasts, why are forecasts being changed?
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Do you feel there is any underlining agenda?
(thoughts after reading an article in YIP Magazine - Alan Olster, NAB Chief Economists predictions on the Property Market)
-
Loan numbers slowing down - NSW down 20%, and Investing at all time lows of 26% of overall lending
-
Speed of loans slowing down sufficiently (why when they are writing less loans??)
-
Interest Only loans were 60% of the market, now 19%
-
50% Increase of people making online to buy in SE QLD (when searching out-of-their-area)
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Brisbane the highest portion - 21.5%, Gold Coast 15.3%
-
2017 saw a Net Loss of 27,300 people leaving Sydney - similar trends from the past
-
Preparation - I did the daily running prior, but there wasn’t a set program - food & drink scheduling wasn’t organised
-
I was going to start at an easy pace, but the hype of the event meant I went out hard
-
It is about TAKING ACTION… I completed the run, you might be completing a property deal - it doesn’t have to be perfect. JUST DO IT.
-
The ability for someone to assess deals, look at the calculated risk, and TAKE ACTION
-
To resilience when things get hard or don’t go your way
-
The Mind will give in before the Body, as will the Mind will give in before financial recover
(Sharing thoughts, as I prepare for my Marathon Run in Canberra)
Received Testimonials in the past 2 days from Ian (4 Properties in 4 months) & John (2 Properties in 3 months)
-
You never know how business will turn out - just give it your all
-
Inspiring and Motivating to get positive feedback
-
Put in the hard work, and you can have an effect on others
-
The knowledge and skills you can gain from investing are invaluable (working in teams, learning from the experts)
-
It gets a lot easier with Deal #2
-
Once you get Deal #2 - you might get the bug, get hooked??
Before you even get to the property you should check these!
Flood affected Power lines Old mining area (ipswich region) Main road or Rail Odd shape block Sewer line Rubbish dump Bat colony Neighbours Slope of the block (things to avoid, or maybe the price is that good??)
-
Rating Agency - Moodys is forecasting continue declines - due to Soft Household consumption & low wage growth
-
An increase of Mortgagee in Possession Sales & Low Auction Clearance Rates
-
No changes to tight lending conditions… Watch out for any changes!
-
Small & Medium Business owners trying to use property value to get business loans
-
Less transactions are starting to affect property employment
-
Consumer sentiment .. is it affecting discretionary spending?
-
What is the quality of the renovation, have they hidden some of the faults, are there further works to do?
-
What is the story behind the renovation - was it a reno-flip, who did the works
-
Price
- Did the seller Reno & Flip, and looking to get maximum price
- What are the comparable un-renovated prices in the area?
- It might suit you buy renovated, as you are time poor
-
Are people shopping online more?
-
Are people spending at shipping centres?
-
Are you seeing stores close? (e.g. 30 Big W stores to close)
Unemployment Rate is still very low, will it change?
-
What due diligence are you doing on the investment? Do the promises stack up?
-
Are you looking to make a quick buck? Where is your current mindset leading you?
-
Are you discussing the idea with experienced and successful people?
-
Is it worth taking legal action to recoup lost monies?
-
Labor - Negative Gearing & Capital Gains changes to start 1/1/2020 and Liberal - it is likely to be steady as you go
-
APRA relaxing interest only lending - with some lenders offering 10 years IO periods
-
The servicing on loans is still high, which means that those that are cashed up can buy
(discussion based on the Liberal Party Federal budget on 2 April 2019)
-
Good to see the Federal Accounts close to surplus - it is spending time
-
Tax cuts will help will help lower income earners - spread over a number of years
-
The massive increase to infrastructure spending - how will it help?
-
Often the data is 3-6 months delay on being announced to market
-
Being on the ground will give you a great sense on prices, number of buyers/sellers, auction frenzy or reductions
-
Property goes up over 20 years (especially in capital cities) - Thinking about long term doesn’t mean you buy in declining markets
-
Declines in Sydney & Melbourne of 4.1% in past 3 months, Sydney down 13.2% since July 2017, Melbourne catching Sydney in the declines
-
Declines in lending, which has led to declines in transactions - down 20-22% in Sydney & Melbourne the last 12 moths, and down 40% from the 2015 peak
-
Positives from the report - Immigration numbers remain high, and Interest rates are low
-
Land lot sizes are decreases, the time spent at home seems to be decrease - will it suit future lifestyles?
-
Will help with affordability, but will it bring other issues - overcrowding, community issues (or bring more connecting within communities)?
-
Bank lending issues, which are normally for dwellings less than 50sqm
-
Getting the reduction helps with getting that instant equity and reducing your investment risk
-
In this tight lending market, getting the loan is a huge factor
-
Will the $2k, $5k, $20k matter in 10 years time if the property goes up by $200k?
-
If you did wait 3 years in Sydney from mid-2016, prices are cheaper now (it might be different for Home buyers VS investors)
-
The election could be a game changer for Investors, especially in the next 12-18 months
-
With a lot of people sitting back, there is less competition, better bargains
(After having a 1 hour discussion on Facebook Live Video with Pete Wargent)
-
Negatives - Labor Party on Negative Gearing and Capital Gains, Construction slowdown, Lower bank valuations for Off the Plan, Tighter Lending
-
Provides Opportunity for those looking to take it - if you can borrow, get moving
-
Positives - Population increases, Low unemployment
-
Why Pete and I both favour Brisbane for investing
-
Changes in lending policy over the 4 years (initially around September 2015), especially back in mid-2017
-
More people moving over to Principal & Interest rates, due to the discounts available, and Rates are the lowest in history
-
Factors that might lead to increase mortgage defaults - increase unemployment, Australian Recession, Global Recession, Government intervention - Negative Gearing & Capital Gains changes
-
There has been guidance of infrastructure spending
-
People are waiting for the Federal Election result
-
We still have tight lending conditions, affordability concerns, lower consumer confidence
-
Are you experienced enough to do all the due diligence? -Thoughts about sound overlays - near a freeway, railway line, etc
-
Are you paying Retail price, or getting a discount on price and/or contract terms
-
Being on the ground each day leads to a lot of experience about streets, demographics, good and bad areas
(Even for Luke after buying 19 properties in Brisbane, he would still have someone get a 2nd opinion - as he isn’t on the ground everyday)
- Times are changing, and are choosing to live on smaller blocks
- less mowing
- more after school care and less time at home
-
lots of team sports and group activities away from the home
-
Affordability and availability of land - which is pushing up prices
-
As adults, are we thinking about how we grew up - on the 1/4 acre blocks?
-
Provide detailed information
-
On the ground - under houses, relationships with agents and negotiations
-
Great communication throughout
**Great increase in the past 2 years for Brisbane Property valuations
-
Infrastructure spending
-
Interstate Migration (20,000 more people coming in than living in 2018)
-
Affordability
-
Rents increase by 23% in Melb and 33% in Sydney between 1985 and 1987
-
Likely to be less transactions OR a flurry of transactions prior, then nothing after the policy is introduced
-
Developers look to build to rent schemes.
-
People to get caught up in Off The Plan units - to explore Negative Gearing benefits of New Property Only (Opal Tower issues might be seen again soon)
-
How old is the property? (Is it older than 1987)
-
Have you renovated the property by more than $40K
-
Has there been an extensive renovation prior to you buying - approximately $100K (you might be able to claim 2.5% per year of 80% approximately, of the renovation)
Think about the above items, and get a review from a Quantity Surveyor.
-
Lots of negative articles and economists concerns
-
Investors seeking out cash-flow investments & fear of buying away from where they live (thoughts of safety)
-
I don’t see panic setting in as yet, the real panic is yet to come - maybe it will, maybe it won’t
-
Buying below market value properties with high cashflow
-
Renovations Property that you are looking to live in for 1-3 years
-
Developments with multiple exit strategies and you’re not rushed to sell
Be conservative in this market… and think about taking action!!
-
Newspapers will focus the great deals or the flops to excite or instill fear into the market
-
Is it about 1 house, 1 suburb or the whole city market?
-
What’s is the on the ground truth, the city market sentiment - what fundamentally has changed?
-
Have you explored the options and locations?
-
Do you need to sell your home first?
-
How will it affect you financially?
The banks are promoting Investor lending specials!!
-
ANZ released a product for investors - allowing 90% lending
-
Will this see the other banks follow suit?
-
Is it all smoke and mirrors? Is loan servicing still an issue?
-
It is already having an impact, especially in Sydney & Melbourne - 10% down in 2018
-
Potential for another 10% in 2019, with total new home loans fallen by 25% from the 2017 peak
-
When will lending loosen up?
Especially important with large high-rise (off-the-plan) property investments
-
Continue to look at the vacancy rates
-
Review sales data and other construction
-
Check on repairs, maintenance, defects
-
Think about the risk and dangers, what is your level of experience? (do you know others that have?)
-
Provided with the information, carried out your due diligence - do you really need to view it?
-
Is it about the Numbers or about the emotional connection to the property?
-
Pest Inspection & Treatments
-
Smoke Alarms (CO2 sensors will be introduced in future)
-
Managing your Property Manager
-
Call us with deals from motivated sellers
-
Relationships built with Agents has helped minimise inspections time - focus on the better deals
-
Great knowledge of sale prices, and use it to negotiate deals
-
Overleveraging in this market - where there is tighter lending, not a lot of buyers around
-
How do you improve your cashflow?
-
Are you in a position to snap up the bargains right now? or do you play the patience game
(I’d love to buy every bargain I see… can’t have them all)
-
How much risk they are taking on with their 1st investment Property?
-
There time input organising a purchase, and managing afterwards?
-
The Patience game of Property, and can you go again?
-
Get a feel and understanding for the areas and people
-
Speak with the agents about the area and prices
-
Potential issues with property-water leaks
-
Mark’s conversation with agents
-
Hobart has had 20-25% growth in the past 2 years (approx) - will the growth continue
-
For me, it’s not a passive investment, I feel it’s more important to get the timing right
-
Cold climate - longer winters, shorter summers. Will the economy be sustained over long periods?
-
Very little competition around
-
Cashed up buyers did well
-
The result is - Property prices have grown since then (if you buy well)
-
Past performers don’t always mean future growth
-
Past flat markets, doesn’t mean no growth in future
-
What are the drivers now? What the the market factors now?
A lot of investors seem to be in a rush…. I have 60 years ahead of me
-
There is a lot of media attention around dropping prices, tighter lending
-
Are you following your path? (even when the media say things different to your focus)
-
Are you inspired by those that live and breathe Property? (what is their focus, how are they navigating through the current market?)
-
Consumer sediment - Are people bidding strongly?
-
Is there a struggle to sell (bidding doesn’t reach reserve price)
-
Who are the people bidding - investors, home buyers, families, couples?
-
A lack of competition in the market
-
Good deals being provided
-
With fear and uncertainty… opportunities are created
-
50,000 jobs to be lost from Construction
-
50,000 jobs to be lost from Retail
-
Interest Rates set to decline (hopefully to stem the downturn)
-
Potential presales or lack of
-
Not being able to get finance
-
Conservative approach - e.g. look to Joint Ventures with owners - minimise risks and costs
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Off The Plan properties
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Sydney & Melbourne purchases (paying market price or bidding up at auction)
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Areas of high density - where there are a lot of sales and rentals
- Reduced rates of First Home buyers 2. Reduced rates of owner occupiers buying 3. Seeing cashed up investors, or parents assisting their children
Mark and Luke are joined by Granny Flat expert Sean Wilson From Mark Wilson Design and Build
- Getting over excited about glossy brochures 2. Potential Building defects 3. Come with a good plans for selling and buying - as a down-sizer (assess the market)
- Growth estimates being cut 2. New lending declined by 15% in 2018 3. 2nd half of 2018 had an annualized growth of 1.5% ... what needs to be done to avoid RECESSION??
Concerns from the RBA (Reserve Bank of Australia) - 1. Construction slowdown 2. House price falls in Sydney & Melbourne 3. Credit/lending growth slowing
- An expert that has the runs on the board 2. They are still investing, and driven to grow 3. They practice what they preach (Do they have 20 times your nett wealth?)
- Diversify for the sake of it? 2. Do you buy in a falling market? 3. What advice do you take from family, friends, financial advisors, accountants? And, are they practicing what they preach?
- Good attendance at inspections, but low listing numbers 2. Auction numbers are lower than this time last year 3. Watch out for lending issues-Buyers unable to complete, changes from Interest only to principle and interest
- Lots of people in attendance and lots of bidders 2. Buyers looking for big bargains 3. Owners struggling to get their reserve price
- It’s property accumulation time - many bargains out there 2. Look to make heavily discounted offers 3. Negotiate on the terms - as it will bring lots of value
Macquarie advised of an increase - 0.16% next Friday One reason was because of less business??!!
A year ago economists in Australia were predicting that the Reserve Bank of Australia - RBA was going to increase rates.
12 months on... ideas and predictions have changed... now we are looking at rates to decline, and maybe go to ZERO ??
WHAT DO YOU THINK?? (FYI-your predictions are likely to be closer than an economists)
- Working with them at 11pm 2. Organise the team to work after hours to assist 3. Work with the agent to secure deal before other buyers view it tomorrow
- Review your money/finances ever 12 months (at a minimum) 2. It’s easier and less time than you think (with a Team) 3. Start now to set up your future
- Maybe it’s meant to be? 2. How do you get better prepared next time? 3. Has the transaction been delayed, frustrating or poorly managed?
- What are the Current clearance rates? 2. Look at the Auction data 3. Attend auctions to see see what market confidence is like
- Will you buck the trend? 2. Will you wait till 45 years old to make your move? 3. As a female, would you like to work on your financial wealth?
The story about Amy in becoming a Pilot- 1. The hard work, and focus on your direction 2. Making the makes around the country 3. Many hours, and seeing others drop out 4. Is your attention moving you towards being a Pilot or Property investor?
Why are building portfolios? What is there motivation?
To discuss ideas, Call Luke Moroney - 0400332377
Opal Tower Melbourne building fire Liquidated unit blocks Chinese developers going bust
- Negativity - may create opportunities - Royal Commission recommendations and the drop and Sydney and Melbourne Property Prices 2. Positivity - in Cashflow deals we are finding for clients
- Potentially protecting the banking industry - from further declines 2. Affects on mortgage brokers, financial advisors, superfunds, insurance companies 3. Will anyone go to jail?
- Be up to date on market conditions 2. See if the speakers resonate with you 3. Meet likeminded investors, and build on your motivation to buy ... Note-be Careful not to buy on the night, or get excited by the promises given
- Lower your risk through affordable investment properties 2. Buy below Median price of the suburb 3. Consumer confidence 4. Media attention on property
Are you thinking of buying or investing in an off the plan unit?
Watch out for - Bank valuations Poor building standards *Builders/Developers going into liquidation
To discuss property ideas - Call Luke Moroney - 0400332377
Mark talks about what he thinks about when looking at a Reno deal and how he negotiates with the agent
- Have Globally Aware 2. Invest in affordable property markets 3. Be aware of tighter lending (globally)
Mark talks about his top 5 scariest things that property investors do! Some of which will shock you!!
In this episode Luke and Mark talk about how the opal tower fiasco may have effects on the market. Also would Luke buy in there for $1 ?
Be you, do what makes you happy Work hard to pay off Jetski or to save *Keep to your budget, avoid constant instant gratification
Invest like the Pros - Part 8 of 10 - Review the Purchase. What worked well, Who you worked with, What could have been better?