The Property Heroes: Recent Episodes
The Property Heroes
Fighting bad property decisions is the name of the game, and if you are a First Home Buyer, this could be the podcast for you. Every Aussie Property Buyer should have access to the information required to purchase a property, the Great Australian Dream, and be part of that exclusive club of home ownership. We provide this in 3 different weekly episodes, you’ll get your short and sweet dose of Property how to’s on Monday, Finance on Friday and a longer discussion about what’s happening in the market on Wednesday’s. Join The Property Heroes Facebook group to continue the conversation and any ask questions.
It's Tax time which is always a topical time of the year. Should you buy, what do you buy and like all things property, there is always so much information around it.
Key things:
- The reasons you should be buying property
- Negative gearing
- Types of properties which have a higher benefit
- Why tax savings shouldn't be the main driver for a property purchase
- Capital growth vs Tax savings
Connect with us below:
—
Instagram:
https://www.instagram.com/letsbuyproperty/
Facebook group:
https://www.facebook.com/groups/letsbuyproperty/
Facebook page:
https://www.facebook.com/letsbuypropertyfb/
Website:
https://www.letsbuyproperty.com.au/
Notes:
Oh, were alive! Apologies to our listeners, we had a mega two weeks and yes VIC is back in lockdown. We are all safe, and back on our regular programming. Key things we cover:
- What are fixed rates and banks telling us about the market?
- Is the property market plateauing?
- Our advice on two scenarios in the market right now!
Connect with us below:
—
Instagram:
https://www.instagram.com/letsbuyproperty/
Facebook group:
https://www.facebook.com/groups/letsbuyproperty/
Facebook page:
https://www.facebook.com/letsbuypropertyfb/
Website:
https://www.letsbuyproperty.com.au/
The Property heroes talk more candidly about the budget and its impact.
Key things:
- In summary, the budget was always going to be expansionary, spending to help us through covid and then grow the economy.
- Untimely our belief is that it doesn’t matter, no budget will make a material impact on your own life plan (especially to buy a house).
- Keep the course or start the journey to growing investments, as it will serve you far better than waiting for a government budget to really help you.
Connect with us below:
—
Instagram:
https://www.instagram.com/letsbuyproperty/
Facebook group:
https://www.facebook.com/groups/letsbuyproperty/
Facebook page:
https://www.facebook.com/letsbuypropertyfb/
Website:
https://www.letsbuyproperty.com.au/
In today's episode we tackle FOMO, with a client example (thanks Dane!).
Key topics we tackle:
- What is property FOMO?
- How to beat FOMO?
- Key mistakes with FOMO?
- Meeting the market as a buyer.
- Understanding any home becomes a home.
Connect with us below:
—
Instagram:
https://www.instagram.com/letsbuyproperty/
Facebook group:
https://www.facebook.com/groups/letsbuyproperty/
Facebook page:
https://www.facebook.com/letsbuypropertyfb/
Website:
https://www.letsbuyproperty.com.au/
Victoria has had a raft of new rental law changes, from annual safety testing, allowing pets and more. These changes shift the power well and truly into the renter's side (which is a good and bad thing). The proposed changes have been in the works for ages, but are nowhere and in full swing.
We chat about how we think these change investors mindsets (or not?).
Short and sharp! Enjoy.
Connect with us below:
—
Instagram:
https://www.instagram.com/letsbuyproperty/
Facebook group:
https://www.facebook.com/groups/letsbuyproperty/
Facebook page:
https://www.facebook.com/letsbuypropertyfb/
Website:
https://www.letsbuyproperty.com.au/
On today's podcast, our heroes tackle one of the hardest parts of your journey. How to evaluate a property?
- Have a narrow criteria
- It's difficult to monitor multiple markets, locations, or styles of property
- Keeping your criteria narrow allows you to become an expert faster
- Find comparable sales, and use them as your base
- To evaluate a property you need to have a list of comparable and relevant properties to help
- The best place to start is the SOLD section of Realestate.com.au or Domain to help
- FYI: The Statement of Information is terrible so make sure you are wary of its information
- Documents your comparable sales and have a process for updating it
- Now find properties you are interested in and use your process to plus/minus the price based on a number of factors:
- When did these sell and how much has the general market moved?
- How much has the market moved in your area?
- Adjust for physical factors? Location, street, land size, bedrooms, quality of build, the goal is not to determine the perfect value, but to look at properties you like, that you can afford to get you to the negotiating table.
Connect with us below:
—
Instagram:
https://www.instagram.com/letsbuyproperty/
Facebook group:
https://www.facebook.com/groups/letsbuyproperty/
Facebook page:
https://www.facebook.com/letsbuypropertyfb/
Website:
https://www.letsbuyproperty.com.au/
The market is roaring, but how long can it keep going. We discuss a few factors, that got us here and what we think will happen?
P.S. - ANZ forecast is an average 17% growth for 2021 and 6% in 2022.
- Supply vs. Demand, where are we at?
- Buyer fatigue, how can this hurt the market?
- Is lending getting easier, will it push up prices?
- What we think the year will look like
Connect with us below:
—
Instagram:
https://www.instagram.com/letsbuyproperty/
Facebook group:
https://www.facebook.com/groups/letsbuyproperty/
Facebook page:
https://www.facebook.com/letsbuypropertyfb/
Website:
https://www.letsbuyproperty.com.au/
As the property market in Australia rages on, we are seeing more and more articles and videos pop up about the doom and gloom crash that's coming. Whilst no one knows what the future holds, if these articles are holding you from buying, here are our five tips to help.
- Think about always leaving some funds after settlement
- Be aggressive in your savings post-settlement (albeit its hard)
- Buy within your means to help you have a lower mortgage
- Clear all personal debts beforehand, keeping your cash flow high
- Talk to a good financial planner about insurance
Connect with us below:
—
Instagram:
https://www.instagram.com/letsbuyproperty/
Facebook group:
https://www.facebook.com/groups/letsbuyproperty/
Facebook page:
https://www.facebook.com/letsbuypropertyfb/
Website:
https://www.letsbuyproperty.com.au/
In this episode, we chat through our March Market update, and yes, it's been Mad. Some key topics:
- ANZ forecasts 17% growth for property
- Feb 2020 increase is 2.5% for Sydney and 2.1% for Melbourne
- Finance approvals are the highest they have ever been
- Some tips about buying when the market is rising
Connect with us below:
—
Instagram:
https://www.instagram.com/letsbuyproperty/
Facebook group:
https://www.facebook.com/groups/letsbuyproperty/
Facebook page:
https://www.facebook.com/letsbuypropertyfb/
Website:
https://www.letsbuyproperty.com.au/
In today's episode we talk about yield and how it plays into investments and property purchases.
- What is a yield?
- Why is it different between assets?
- How do yield and interest rates work together?
- What's the going yield for a property?
- When interest goes up and down, what changes occur to yield and prices?
- The link between rental costs, interest rates, and yield?
Connect with us below:
—
Instagram:
https://www.instagram.com/letsbuyproperty/
Facebook group:
https://www.facebook.com/groups/letsbuyproperty/
Facebook page:
https://www.facebook.com/letsbuypropertyfb/
Website:
https://www.letsbuyproperty.com.au/
Today, we will revisit the risk factors with new apartments and deep dive into how developers that focus on profit can really affect your valuation.
Key items:
So who are all the parties involved in a new build?
- Developer
- Development manager
- Project manager
- Builder and subcontractors
- Sales and marketing
How do these affect your price?
Each of these players is out to run a business and so their profit sits within the purchase price of your property. As an example, when you generally buy a new apartment there can be a sales commission of 2% all the way to 15%. These are cost inbuilt into your apartment price that isn't reflected in the fixtures and fittings of the place. Herein lies the risk of bank valuers, who know these tricks and provide lower results (which can leave you financially ruined!).
What stories have we heard?
Hear about the Rolex Watch story, the $18k gift and more tactics that we have seen occur in the murky world of a new apartment builds.
What else?
We talk about value management, rental guarantees, and how the builder can change his mind using the 'artist impression' tactic and also all the clauses that allow them to do so.
So why do people buy new apartments?
- First homeowner grants is a big one
- It's nice and new
- It's in a good area
- I get a rental guarantee
We say, these are nice to have but it's not worth it in the event your property goes down in value.
Connect with us below:
—
Instagram:
https://www.instagram.com/letsbuyproperty/
Facebook group:
https://www.facebook.com/groups/letsbuyproperty/
Facebook page:
https://www.facebook.com/letsbuypropertyfb/
Website:
https://www.letsbuyproperty.com.au/
In today's episode, we discuss the topic of inflation and how it can move the market and RBA's decisions.
Key topics are: What is inflation?
What are the media talking about the risk?
If inflation is high what happens?
How to protect yourself from inflation?
Summary: Invest to stay ahead of inflation!!
Connect with us below:
—
Instagram:
https://www.instagram.com/letsbuyproperty/
Facebook group:
https://www.facebook.com/groups/letsbuyproperty/
Facebook page:
https://www.facebook.com/letsbuypropertyfb/
Website:
https://www.letsbuyproperty.com.au/
In today’s episode, we talk about the top 3 things investors do well when looking for a property.
From the property side:
1. They have an amazing property plan
2. They focus on the numbers and quality of the asset
3. They maximise the buying potential and most fast
From the finance side:
1. They look for investment-friendly banks
2. They focus on cash flow from their loan via fixed rates and interest only
3. They increase the chance of buying multiple properties by funding their first correctly.
Enjoy!
Connect with us below:
—
Instagram:
https://www.instagram.com/letsbuyproperty/
Facebook group:
https://www.facebook.com/groups/letsbuyproperty/
Facebook page:
https://www.facebook.com/letsbuypropertyfb/
Website:
https://www.letsbuyproperty.com.au/
In this week’s episode, the team talks about all townhouses.
With the market moving so fast in Melbourne (and around Australia), the price point for a full block is fast reaching the moon. So James our property expert takes us through the top items to look at when reviewing a townhouse.
Enjoy!
Connect with us below:
—
Instagram:
https://www.instagram.com/letsbuyproperty/
Facebook group:
https://www.facebook.com/groups/letsbuyproperty/
Facebook page:
https://www.facebook.com/letsbuypropertyfb/
Website:
https://www.letsbuyproperty.com.au/
In today's episode, we discuss the snap lockdown in VIC!
- How or will this lockdown affect the property market?
- Where are the three segments of the market (first home buyers, owner-occupiers and investors)
- We go down a rabbit hole on inflation and investors mindset.
To stay the course on your property plan!
Connect with us below:
—
Instagram:
https://www.instagram.com/letsbuyproperty/
Facebook group:
https://www.facebook.com/groups/letsbuyproperty/
Facebook page:
https://www.facebook.com/letsbuypropertyfb/
Website:
https://www.letsbuyproperty.com.au/
Welcome back! 2021 is going to a huge year... or is it?
In today's kick-off episode we discuss:
- 30% growth in property for over 3 years?
- Is a recession coming and do we care?
- RBA makes it known that rates will be low till 2024?
And generally property banter.
Connect with us below:
—
Instagram:
https://www.instagram.com/letsbuyproperty/
Facebook group:
https://www.facebook.com/groups/letsbuyproperty/
Facebook page:
https://www.facebook.com/letsbuypropertyfb/
Website:
https://www.letsbuyproperty.com.au/
In this episode we say a big good bye to 2020 and review what the hell happened:
Key topics:
- Talking about the change in property market during the 12 months
- Talk about the forecasts and goverment stimulus that helped
- Take a look at what we think may happen in 2021
- Discuss how to tackle buying in a growing market
- Finally a big thank you to everyone who has tuned in!
See you all in 2021!
We release a few different episodes a week
Monday
- A short rapid-fire educational episode about property/real estate
Wednesday
- A longer form, conversational episode talking all things property and finance.
Friday
- A short rapid-fire educational episode about finance. If you have any questions or any comments, it would be great to hear from you help@letsbuyproperty.com.au or you can reach us through our social.
—
Instagram:
https://www.instagram.com/letsbuyproperty/
Facebook group:
https://www.facebook.com/groups/letsbuyproperty/
Facebook page:
https://www.facebook.com/letsbuypropertyfb/
Website:
https://www.letsbuyproperty.com.au/
In today's episode, we talk about goal setting.
We dive into how James does it well and Shehan can most certainly improve.
Key ideas:
- You must have a personal approach to goal setting
- It must work for you
- It's ok to have long goals
- Its ok to fall off the bandwagon and jump back on
- How to set goals for a property purchase
Happy goal setting!
We release a few different episodes a week
Monday
- A short rapid-fire educational episode about property/real estate
Wednesday
- A longer form, conversational episode talking all things property and finance.
Friday
- A short rapid-fire educational episode about finance. If you have any questions or any comments, it would be great to hear from you help@letsbuyproperty.com.au or you can reach us through our social.
—
Instagram:
https://www.instagram.com/letsbuyproperty/
Facebook group:
https://www.facebook.com/groups/letsbuyproperty/
Facebook page:
https://www.facebook.com/letsbuypropertyfb/
Website:
https://www.letsbuyproperty.com.au/
In today's episode, we discuss the ins and outs of a guarantor loan.
Topics:
- What is a guarantor loan?
- How does a guarantor loan work?
- How much can I borrow using a guarantor?
- How does it look on my internet banking?
- What are the requirements?
- How do I talk to my parents about a guarantor loan?
- What are the risks?
- What banks do guarantor loans best?
Thanks again and catch you next time.
The Property Heroes
—
We release a few different episodes a week
Monday
- A short rapid-fire educational episode about property/real estate
Wednesday
- A longer form, conversational episode talking all thing property and finance.
Friday
- A short rapid-fire educational episode about finance. If you have any questions or any comments, it would be great to hear from you help@letsbuyproperty.com.au or you can reach us through our social.
—
Instagram:
https://www.instagram.com/letsbuyproperty/
Facebook group:
https://www.facebook.com/groups/letsbuyproperty/
Facebook page:
https://www.facebook.com/letsbuypropertyfb/
Website:
https://www.letsbuyproperty.com.au/
In this episode we discuss the recent VIC goverment changes to Stamp Duty and how we think it will impact the market.
Thanks again and catch you next time.
The Property Heroes
—
We release a few different episodes a week
Monday
- A short rapid-fire educational episode about property/real estate
Wednesday
- A longer form, conversational episode talking all thing property and finance.
Friday
- A short rapid-fire educational episode about finance. If you have any questions or any comments, it would be great to hear from you help@letsbuyproperty.com.au or you can reach us through our social.
—
Instagram:
https://www.instagram.com/letsbuyproperty/
Facebook group:
https://www.facebook.com/groups/letsbuyproperty/
Facebook page:
https://www.facebook.com/letsbuypropertyfb/
Website:
https://www.letsbuyproperty.com.au/
Open for inspections are back on, but sellers are still not confident in the market.
After a strong weekend of sales, and doing my normal round of Monday agent calls, its seems as though the recent news won't have much effect until next year.
We are sitting at around 40% of auctions being held compared to last year (including sold before) which shows stock levels are still very low.
What the agents are saying,
- Sellers are not confident in the market and would like to see some consistency before listing.
- If they do want to sell, its at an unrealistic number.
- They are waiting for this year to be over, as it's too much stress right now in the lead up to Christmas.
- Unrealistic expectations on sale prices in order to list.
What I saw this week,
- Everything I was looking at sold well above the asking price, bringing back the 5-10% above range estimation when assessing properties.
- Good properties are being sold in 4-5 days in pre-auction negotiations, so you need to be quick.
- Good properties are scarce around the South east and Bayside.
Thanks again and catch you next time.
The Property Heroes
—
We release a few different episodes a week
Monday
- A short rapid-fire educational episode about property/real estate
Wednesday
- A longer form, conversational episode talking all thing property and finance.
Friday
- A short rapid-fire educational episode about finance. If you have any questions or any comments, it would be great to hear from you help@letsbuyproperty.com.au or you can reach us through our social.
—
Instagram:
https://www.instagram.com/letsbuyproperty/
Facebook group:
https://www.facebook.com/groups/letsbuyproperty/
Facebook page:
https://www.facebook.com/letsbuypropertyfb/
Website:
https://www.letsbuyproperty.com.au/
In today’s short-form finance episode, our finance hero, Shehan takes us through what an offset account is, and its benefits.
We discuss the following:
1. How an offset account is a simple transaction account
2. How an offset account works with your home loan
3. How your home loan repayment is split into two parts
4. An example of how your loan is paid back faster with an offset account
5. How much an offset account costs you and is it worth it
6. A quick snapshot of an offset account vs. redraw
7. A summary of some lenders that have multiple offset accounts
Thanks again and catch you next time.
The Property Heroes
—
We release a few different episodes a week
Monday
- A short rapid-fire educational episode about property/real estate
Wednesday
- A longer form, conversational episode talking all thing property and finance.
Friday
- A short rapid-fire educational episode about finance. If you have any questions or any comments, it would be great to hear from you help@letsbuyproperty.com.au or you can reach us through our social.
—
Instagram:
https://www.instagram.com/letsbuyproperty/
Facebook group:
https://www.facebook.com/groups/letsbuyproperty/
Facebook page:
https://www.facebook.com/letsbuypropertyfb/
Website:
https://www.letsbuyproperty.com.au/
On today’s episode we are going to dive into the articles and news headlines you might see that say “10 properties in 10 years, or 20 properties before the age of 35”. These stories of individuals and couples who forge a long-term plan of investing is extraordinary and also risky, so we talk about how they do it and the kind of person it takes.
They key areas we discuss are:
- They use smaller deposits and pay mortgage insurance to hold more units of property
- They look for high yielding property and often have a small purchase price so they can afford more
- They take risk on the location and are very analytical
- The properties are diverse in nature across the country or different types to protect risks
- They look for net cashflow or neutral properties, where it ideally doesn’t cost them to hold
- They turn over property that doesn’t do well, like a stock, they sell and transfer to better assets
- Finally, they have an amazing mindset and great financial budgeting process/skill
Thanks again and catch you next time.
The Property Heroes
—
We release a few different episodes a week
Monday
- A short rapid-fire educational episode about property/real estate
Wednesday
- A longer form, conversational episode talking all thing property and finance.
Friday
- A short rapid-fire educational episode about finance. If you have any questions or any comments, it would be great to hear from you help@letsbuyproperty.com.au or you can reach us through our social.
—
Instagram:
https://www.instagram.com/letsbuyproperty/
Facebook group:
https://www.facebook.com/groups/letsbuyproperty/
Facebook page:
https://www.facebook.com/letsbuypropertyfb/
Website:
https://www.letsbuyproperty.com.au/
In this episode, we will talk about Future infrastructure that can impact your property purchasing decision.
When looking at a property to purchase, you might have come across agents pitching future plans of a train station being built, a new road network, or even a future shopping centre. It’s a great selling point as the more amenities around the property the better, so it’s an obvious one for them to target.
So what should you be looking at? There are three obvious times you can make your purchase, all with associated risks and costs, so we are going to break them down to give a bit of an understanding around each stage.
- Buying before the project is completed.
- Buying During
- Buying after
Thanks again and catch you next time.
The Property Heroes
—
We release a few different episodes a week
Monday
- A short rapid-fire educational episode about property/real estate
Wednesday
- A longer form, conversational episode talking all thing property and finance.
Friday
- A short rapid-fire educational episode about finance. If you have any questions or any comments, it would be great to hear from you help@letsbuyproperty.com.au or you can reach us through our social.
—
Instagram:
https://www.instagram.com/letsbuyproperty/
Facebook group:
https://www.facebook.com/groups/letsbuyproperty/
Facebook page:
https://www.facebook.com/letsbuypropertyfb/
Website:
https://www.letsbuyproperty.com.au/
In this episode, our heroes will give us the nine elements a bank’s credit officer looks for when reviewing your application for a pre-approval.
Before we kick off it’s important to remember two things:
- Banks have a policy that dictates what it can and can’t do, but also, lending money is high judgemental; and
- There are somewhere in the realms of 10,000+ home loan applications weekly. Yes weekly, so if you don’t stand out from the pack as the best place to park the bank's money, then be warned, it could be a no go.
9 Elements:
1. They look at your income
2. They look at your expenses
3. They look at your credit score
4. They review you account conduct
5. They review all your documents
6. They review what you are looking for against their policy?
7. They look at your assets
8. They look at your liabilities
9. They sense check you through ratios
Thanks again and catch you next time.
The Property Heroes
—
We release a few different episodes a week
Monday
- A short rapid-fire educational episode about property/real estate
Wednesday
- A longer form, conversational episode talking all thing property and finance.
Friday
- A short rapid-fire educational episode about finance. If you have any questions or any comments, it would be great to hear from you help@letsbuyproperty.com.au or you can reach us through our social.
—
Instagram:
https://www.instagram.com/letsbuyproperty/
Facebook group:
https://www.facebook.com/groups/letsbuyproperty/
Facebook page:
https://www.facebook.com/letsbuypropertyfb/
Website:
https://www.letsbuyproperty.com.au/
In today’s episode we discuss buy now pay later concept for property.
This was spurred by a recent article in about a tech start up called BRICKLETS (link) and we reference another company BRICKX that’s been around for a few years.
Here is what we cover:
The concept, BRICK-X and BRICKETS allow you to buy parts of a house and trade it on their platform. These ‘shares’ are known as bricks. It is a way to get into the property market earlier and specifically to an asset type or area.
What we think about the concept?
What we don’t like about the idea?
What risks are there in these types of schemes?
We reference our episode #35 where we talk about new apartment risk, property spruickers and hidden commissions.
Our advice on what to do with your money vs. these?
Thanks again and catch you next time.
The Property Heroes
—
We release a few different episodes a week
Monday
- A short rapid-fire educational episode about property/real estate
Wednesday
- A longer form, conversational episode talking all thing property and finance.
Friday
- A short rapid-fire educational episode about finance. If you have any questions or any comments, it would be great to hear from you help@letsbuyproperty.com.au or you can reach us through our social.
—
Instagram:
https://www.instagram.com/letsbuyproperty/
Facebook group:
https://www.facebook.com/groups/letsbuyproperty/
Facebook page:
https://www.facebook.com/letsbuypropertyfb/
Website:
https://www.letsbuyproperty.com.au/
Today, our heroes will revisit a previous episode (Finding your WHY) -- It's become a bit of cliche over the past few years but it's extremely important when considering a property purchase. It's the base of your decision and establishing this from the outset, is key to a less stressful experience.
Thanks again and catch you next time.
The Property Heroes
—
We release a few different episodes a week
Monday
- A short rapid-fire educational episode about property/real estate
Wednesday
- A longer form, conversational episode talking all thing property and finance.
Friday
- A short rapid-fire educational episode about finance. If you have any questions or any comments, it would be great to hear from you help@letsbuyproperty.com.au or you can reach us through our social.
—
Instagram:
https://www.instagram.com/letsbuyproperty/
Facebook group:
https://www.facebook.com/groups/letsbuyproperty/
Facebook page:
https://www.facebook.com/letsbuypropertyfb/
Website:
https://www.letsbuyproperty.com.au/
A brief run-through on what the RBA is, who they are and what they do.
Also the June announcement of the cash rate holding at 25 basis points.
Thanks again and catch you next time.
The Property Heroes
—
We release a few different episodes a week
Monday
- A short rapid-fire educational episode about property/real estate
Wednesday
- A longer form, conversational episode talking all thing property and finance.
Friday
- A short rapid-fire educational episode about finance. If you have any questions or any comments, it would be great to hear from you help@letsbuyproperty.com.au or you can reach us through our social.
—
Instagram:
https://www.instagram.com/letsbuyproperty/
Facebook group:
https://www.facebook.com/groups/letsbuyproperty/
Facebook page:
https://www.facebook.com/letsbuypropertyfb/
Website:
https://www.letsbuyproperty.com.au/
In todays episode the Heroes chat about how the US election impacts the Australian Property Market
- Will Joe Bidon have a positive or negative effect on our property industry?
- What impacts have we seen in the past? The GFC, etc.
- Why are the news articles again talking about 40% drops?
- How will these possible impacts change the way people buy property
- When is it game time and when should you take the bench?
Thanks again and catch you next time.
The Property Heroes
—
We release a few different episodes a week
Monday
- A short rapid-fire educational episode about property/real estate
Wednesday
- A longer form, conversational episode talking all thing property and finance.
Friday
- A short rapid-fire educational episode about finance. If you have any questions or any comments, it would be great to hear from you help@letsbuyproperty.com.au or you can reach us through our social.
—
Instagram:
https://www.instagram.com/letsbuyproperty/
Facebook group:
https://www.facebook.com/groups/letsbuyproperty/
Facebook page:
https://www.facebook.com/letsbuypropertyfb/
Website:
https://www.letsbuyproperty.com.au
In todays episode the Heroes chat about rates and the mindset it can change.
- RBA lowers interest rates once again, why and what does this mean?
- What happens to the mind set of borrowers and savers when this happens?
- Can they go lower, do we have a chance of negative interest rates in Australia?
- How does our official government interest rates compare to the rest of the world?
- How does this help you, potential property buyers?
Thanks again and catch you next time.
The Property Heroes
—
We release a few different episodes a week
Monday
- A short rapid-fire educational episode about property/real estate
Wednesday
- A longer form, conversational episode talking all thing property and finance.
Friday
- A short rapid-fire educational episode about finance. If you have any questions or any comments, it would be great to hear from you help@letsbuyproperty.com.au or you can reach us through our social.
—
Instagram:
https://www.instagram.com/letsbuyproperty/
Facebook group:
https://www.facebook.com/groups/letsbuyproperty/
Facebook page:
https://www.facebook.com/letsbuypropertyfb/
Website:
https://www.letsbuyproperty.com.au
How did that property sell so fast?
If you are currently trolling the listing sites for new properties, you might have noticed properties selling with in a few days from when you first saw them. How is this possible?
There are a few things that could cause a rapid sale , so let’s break it down.
A motivated agent
The agents are working through a large backlog of properties at the moment and because they might not have additional help, they could be limited to the amount of live listings they can handle at any one time.
An example of this might be Nick the Agent has signed 20 properties to sell over the next 3 months and has an agreement with the seller to sell in this period or they can look to sell with another agent. Nick is a one man band and can only handle 5 properties per month, as he has deal with inquiry, speak to buyers, conduct the opens and communicate with his sellers. As he only has 3 months to sell all 20 properties, he needs to work through them quickly and if a buyer sends him an acceptable offer, even before the first official open, he might take this running to the seller in order to get the deal done, so he can move onto the next property.
The agent is well within there rights of doing this, as they have a responsibility to the seller and because that offer was in the acceptable range, there was no reason not to take advantage of a quick sale.
Active and educated buyers
As with the scenario above, an educated buyer will have the ability to move fast on a property and make an offer the agent and seller can’t refuse.
This could be done by booking time before the first open and being firm that you are an interested buyer with finance sorted in order to proceed if the property is acceptable. Getting in before the first open will give you a massive advantage as not many other potential buyers would have seen it.
Next, if the property is acceptable, construct an offer that is attractive, considerate to what the seller is wanting and limited on time. Example, after speaking to the agent, they have let you know that anything within the range will be considered, with a preferred settlement term of 60 days or less. After completing your own due diligence and evaluation of the property you arrive at a number within the range and a settlement term of 45 days after getting the ok from your broker. The last component of this is the offer expires within 24 hours, causing the agent to act and get you an answer within the timeframe.
Desperate and keen sellers
Depending on how much news the vendor watches, they could be swayed by thinking there is a drop coming in the market and will take an offer just to get the property sold before the so called “cliff” comes.
The vendor could have also bought their new place, and will be extra motivated to sell as the sale of the current property might impact their ability to settle the new one. This is why questions to the agent are important, and asking why they are selling is crucial.
Pre-market
This is a way of purchasing we focus on a lot, as it puts you well ahead of the game. What it means is that by getting through properties before they hit the market, allows you to review information, and make decisions much faster than someone going through it for the first time one it becomes online.
Essentially, if you are in contact with an agent you get along with, ask to go on their “hot buyer” list. They will send you off-market and pre-listed properties which you can arrange times to view exclusively. Sometimes if the agents knows exactly what you are looking for, they might only show you through the property, giving you the best opportunity to purchase it.
As the property market is cyclical, its important when looking to purchase that you do your homework and research to u
In this episode, we talk about your credit scores. So, what the flying hell is it? How to improve, where to get, and so forth. We'll discuss:
- What is a credit score?
- How is a credit score calculated
- Why is your credit score important towards a home loan?
- Is it like this around the world?
- How do I check my credit score?
- What’s a bad credit score?
- 3 reasons why your credit score could be low?
- 3 ways to improve your credit score?
It’s actually simple, pay your loans on time.
- Make sure you have automatic direct debits for the minimum payments for all your loans
- Only apply for credit when you need too and close off any cards that you don't use
- Banks make mistakes, so if you see an issue, reach out to the credit score provider and fight the battle
Thanks again and catch you next time.
The Property Heroes
—
We release a few different episodes a week
Monday
- A short rapid-fire educational episode about property/real estate
Wednesday
- A longer form, conversational episode talking all thing property and finance.
Friday
- A short rapid-fire educational episode about finance. If you have any questions or any comments, it would be great to hear from you help@letsbuyproperty.com.au or you can reach us through our social.
—
Instagram:
https://www.instagram.com/letsbuyproperty/
Facebook group:
https://www.facebook.com/groups/letsbuyproperty/
Facebook page:
https://www.facebook.com/letsbuypropertyfb/
Website:
https://www.letsbuyproperty.com.au
In today's episode, the Heroes provide an update to the Melbourne property market and the changes since the loosening of restrictions.
Some of the key highlights:
- There has been a huge spike in property listing, almost back to the Feb 2020 range (pre-COVID). What does this all mean; is its distressed sales, or vendors meeting the demand of buyers?
- Vacancy rates, an uptick in Melbourne is nothing to worry about. It’s localised into the Melbourne metro area, specifically high-rise apartments (ouch!).
Finally, we chat a bit about why wealthy rich listers love property.
Thanks again and catch you next time.
The Property Heroes
—
We release a few different episodes a week
Monday
- A short rapid-fire educational episode about property/real estate
Wednesday
- A longer form, conversational episode talking all thing property and finance.
Friday
- A short rapid-fire educational episode about finance. If you have any questions or any comments, it would be great to hear from you help@letsbuyproperty.com.au or you can reach us through our social.
—
Instagram:
https://www.instagram.com/letsbuyproperty/
Facebook group:
https://www.facebook.com/groups/letsbuyproperty/
Facebook page:
https://www.facebook.com/letsbuypropertyfb/
Website:
https://www.letsbuyproperty.com.au
When building a new home, whether it’s on a brand new block in a Greenfield estate, or a Knockdown rebuild in Malvern, you will come across the term site costs. Today. our heroes will discuss:
- So what are the site costs?
- How do builders price them?
- Fixed site costs?
- Are site costs all the same between builders?
And lastly, some important key points you should know.
- Don’t get sucked into all the marketing
- Do your research, what are reviews saying? Don’t go off the bad ones, try to see what the builder has done right, but obviously if there are lots of bad ones, RUN!
- Ask for the displayed price and a list of upgrades. You can use this to compare total costs between builders instead of the “from” price.
Thanks again and catch you next time.
The Property Heroes
—
We release a few different episodes a week
Monday
- A short rapid-fire educational episode about property/real estate
Wednesday
- A longer form, conversational episode talking all thing property and finance.
Friday
- A short rapid-fire educational episode about finance. If you have any questions or any comments, it would be great to hear from you help@letsbuyproperty.com.au or you can reach us through our social.
—
Instagram:
https://www.instagram.com/letsbuyproperty/
Facebook group:
https://www.facebook.com/groups/letsbuyproperty/
Facebook page:
https://www.facebook.com/letsbuypropertyfb/
Website:
https://www.letsbuyproperty.com.au
In today's podcast, the Heroes answer the key steps towards getting a pre-approval.
Step 1: Bank account clean up
Our advice is to not have any preconceived ideas about the house you want to buy. We start off with working towards what the bank is comfortable in lending you and what is truly affordable.
Step 2. Liability check
Get all your liabilities in check. Banks understand you will have liabilities, car loans, credit cards, it’s all normal. However, these can lower the amount you can borrow.
Step 3. Know your personal numbers
Know your incomes and monthly expenses (i.e have a budget). Choose the amount of savings you want to put towards your property and make sure there is some cash leftover
Step 4: Check your credit scare.
Your credit scare… I mean score. Your credit score is a number that provides an insight into the ‘trustworthiness’ of you as a borrower.
Step 5. Find a good Mortgage Master (mortgage broker)
Finance is a rough game, there are over 50 banks in Australia, each with their own niche’s policies. It’s almost impossible to know what each of them is up to.
Step 6. Provide them with the right documents
The success of getting a loan is all about compliance. Banks live and breathe compliance, so having all your documents ready and your willingness to provide more documents is key to the process.
Step 7. Understand their proposal
Your Mortgage Master should provide you with a proposal, understanding this is key. What are the ongoing fee’s and charges for the bank, and finally, how long does the process take or what are the next steps.
Step 8. Sign application forms
Simple, forms on forms on forms. To share your private information, your Mortgage Master will need you to sign a number of compliance and application forms. Take time to read these and ask questions, but ultimately, it's a part of the journey. The quicker you can turn around documents like this, the better.
Step 9. Answer bank questions
Once your loan is submitted to the bank there are a number of ‘stages’ it can pass through till it’s pre-approved. At either of these stages, there could be questions or further documents needed to make a decision.
Step 10. Get pre-approved (and know your conditions)
Once you have reached the pre-approved stage, breathe a sigh of relief. Now before you charge out there and look to buy property tomorrow, it’s best to understand and re-confirm the conditions to this pre-approval.
Thanks again and catch you next time.
The Property Heroes
—
We release a few different episodes a week
Monday
- A short rapid-fire educational episode about property/real estate
Wednesday
- A longer form, conversational episode talking all thing property and finance.
Friday
- A short rapid-fire educational episode about finance. If you have any questions or any comments, it would be great to hear from you help@letsbuyproperty.com.au or you can reach us through our social.
—
Instagram:
https://www.instagram.com/letsbuyproperty/
Facebook group:
https://www.facebook.com/groups/letsbuyproperty/
Facebook page:
https://www.facebook.com/letsbuypropertyfb/
Website:
https://www.letsbuyproperty.com.au
In today's episode, we say a big Happy Birthday to the finance Hero Shehan who turns 35! A nostalgic look at his big 4 property mistakes in his life, in hope, to help others share their experience and learn from them.
High level takeaways:
- How he over-leveraged himself and then had a sell a cracker property
- How he bought an apartment off the plan
- Why he thinks that principal and interest is a good way to go
- The importance of finding the right people and mentors in your property journey
Thanks again and catch you next time.
The Property Heroes
—
We release a few different episodes a week
Monday
- A short rapid-fire educational episode about property/real estate
Wednesday
- A longer form, conversational episode talking all thing property and finance.
Friday
- A short rapid-fire educational episode about finance. If you have any questions or any comments, it would be great to hear from you help@letsbuyproperty.com.au or you can reach us through our social.
—
Instagram:
https://www.instagram.com/letsbuyproperty/
Facebook group:
https://www.facebook.com/groups/letsbuyproperty/
Facebook page:
https://www.facebook.com/letsbuypropertyfb/
Website:
https://www.letsbuyproperty.com.au
In this episode, the Heroes talk about choosing the right land estate or development. One of the most critical aspect when purchasing land will be the estate that the land is housed in.
Our first step is to ensure that the developer of the land, is someone that is reputable and is out to make a good solid community rather than a profit. Here are the key ways to research a developer of a land estate, which should set you on the right track:
- Find other previous developments the developer has done and walk through them
- Find out if they have a good track record of meeting timelines (so you land titles on time)
- Check to see if what they are ‘selling’ to you is correct, items like new train stations, new community centres and cinemas can all be verified through the local council
- Ask others who have purchase from them beforehand, about the process and how it went
- Have they got some decent reviews on the internet?
- Some land estates and developers have Facebook groups for their estated, see if you can join in and check out the comments
- Understand who else is buying in the estate, if it's more owner-occupier focussed then you can assume the type and quality of houses will be vs. a pure investor play
Ask your building about the estate you are considering
Did you know that not all builders will build on a piece of land? Some will often flat out refuse to build on a developers land because they know the difficulties in doing so. Builders are a wealth of knowledge so ask them if your dream house can work in that estate and more questions like this:
- Have you built in that estate?
- Do you have thoughts on this developer?
- Are there design guidelines the developer has put in place that make it difficult
It’s important to make sure that the house you are wanting to buy can work for your land.
Find out what the purpose of the development is
Understand the purpose of the development, is it a master-planned community with a town centre, supermarkets, GP’s and takeaway or a smaller development which attach themselves to these larger ones. Like with town centres, are they building their own parks or piggybacking off neighbouring developments. If a developer mentions “train station coming soon”, or major shopping centre approved ask them how long away is it from being built? If they can’t answer it, ask the council, because I’ve unfortunately seen over the years, land sales agents taking advantage of these approvals and used it as the base of their marketing.
Summary of how to choose an estate
- Do your research on the developer, its the first step to success
- Speak to others from other buyers, prior owners, council and builders - ask around!
- Cross-reference answers between the council, builders and others
Thanks again and catch you next time.
The Property Heroes
—
We release a few different episodes a week
Monday
- A short rapid-fire educational episode about property/real estate
Wednesday
- A longer form, conversational episode talking all thing property and finance.
Friday
- A short rapid-fire educational episode about finance. If you have any questions or any comments, it would be great to hear from you help@letsbuyproperty.com.au or you can reach us through our social.
—
Instagram:
https://www.instagram.com/letsbuyproperty/
Facebook group:
https://www.facebook.com/groups/letsbuyproperty/
Facebook page:
https://www.facebook.com/letsbuypropertyfb/
Website:
In today's episode we talk about Lenders Mortgage Insurance and answer these questions:
- What is Lenders Mortgage Insurance?
- Who provides Lenders Mortgage Insurance?
- At what point would I need to pay Lenders Mortgage Insurance?
- How is Lenders Mortgage Insurance calculated?
- Should I pay mortgage insurance?
- How do I pay for my mortgage insurance?
- Can I transfer my mortgage insurance?
Thanks again and catch you next time.
The Property Heroes
—
We release a few different episodes a week
Monday
- A short rapid-fire educational episode about property/real estate
Wednesday
- A longer form, conversational episode talking all thing property and finance.
Friday
- A short rapid-fire educational episode about finance. If you have any questions or any comments, it would be great to hear from you help@letsbuyproperty.com.au or you can reach us through our social.
—
Instagram:
https://www.instagram.com/letsbuyproperty/
Facebook group:
https://www.facebook.com/groups/letsbuyproperty/
Facebook page:
https://www.facebook.com/letsbuypropertyfb/
Website:
https://www.letsbuyproperty.com.au
In this long-form chat, we talk about the risk factors with new apartments and deep dive into how developers that focus on profit can really affect your valuation.
Key items:
So who are all the parties involved in a new build?
- Developer
- Development manager
- Project manager
- Builder and subcontractors
- Sales and marketing
How do these affect your price?
Each of these players is out to run a business and so their profit sits within the purchase price of your property. As an example, when you generally buy a new apartment there can be a sales commission of 2% all the way to 15%. These are cost inbuilt into your apartment price that isn't reflected in the fixtures and fittings of the place. Herein lies the risk of bank valuers, who know these tricks and provide lower results (which can leave you financially ruined!).
What stories have we heard?
Hear about the Rolex Watch story, the $18k gift and more tactics that we have seen occur in the murky world of a new apartment builds.
What else?
We talk about value management, rental guarantees, and how the builder can change his mind using the 'artist impression' tactic and also all the clauses that allow them to do so.
So why do people buy new apartments?
- First homeowner grants is a big one
- It's nice and new
- It's in a good area
- I get a rental guarantee
We say, these are nice to have but it's not worth it in the event your property goes down in value.
Thanks again and catch you next time.
The Property Heroes
—
We release a few different episodes a week
Monday
- A short rapid-fire educational episode about property/real estate
Wednesday
- A longer form, conversational episode talking all thing property and finance.
Friday
- A short rapid-fire educational episode about finance. If you have any questions or any comments, it would be great to hear from you help@letsbuyproperty.com.au or you can reach us through our social.
—
Instagram:
https://www.instagram.com/letsbuyproperty/
Facebook group:
https://www.facebook.com/groups/letsbuyproperty/
Facebook page:
https://www.facebook.com/letsbuypropertyfb/
Website:
https://www.letsbuyproperty.com.au/
A large number of first home buyers will look to buy land and build their dream home. With more government incentives available for this style of purchase, we think it’s ever more important to choose the right block of land in a new housing estate. So James is going to help tackle the best way to do so.
High level, how should you approach choosing a block of land?
You might have driven past them or seen listings on sites like realestate.com.au showing gorgeous parklands, people walking around a proposed town centres or a shopping precinct, which can all seem very appealing.
But if you haven’t gone through the process, it can be daunting so we thought we’d outline the things you ought to know when considering buying a block of land for a new build.
We’ve broken this down into 2 episodes, as there’s a bit to cover, so this week let’s run through the actual block.
Let’s assume you’ve already selected the Estate you’d like to live in and you roughly know what the build is going to cost.
For rough numbers let’s say that the total figure is $600,000 and the build is going to cost $280,000 leaving you with $320,000.
Working with this budget, you want to buy the best block you can afford. So let’s unpack what that means.
-
Size, depending on where the block is located in the estate it might affect the price, even if it’s the same size. Here are some factors which could make the block more expensive,
-
Located next to or opposite a park or wetlands
- It might have access to the main feature of the estate such as a clubhouse, tennis courts, and pools
- Positioned on a dead-end street with no through traffic
- It could be in the last stage of the estate, as all the infrastructure has gone in, the developer no longer needs the fancy artist impressions, so they can bump up the price.
And on the flip side here are some points which might make the block cheaper or compromised,
- Near powerlines or substations
- On the main drive or road through the estate
- Has a slope across it VS being flat
- It might have an easement running through it
- And in contrast to being in the last stage, you could be in the first stage of the estate, and taking a risk as nothing has been built, you’re trusting the developer to come through with what they have proposed. These earlier stages also get discounted because you have to live through all the construction going around and might not have access to amenities until they are built, along with extended titles timelines if they get held up at council.
- Regardless of the price, all blocks could come with restrictions and covenants, these might be design guidelines which we will cover in the next episode, but things like double story only blocks or minimum sized homes are common, so it’s important you ask the sales agent if any of these apply to the block.
What is Fill?
Fill, it's a builders nightmare, essentially its additional soil the developer brings in to raise or level a site to meet flood requirements or fill in things like old dams. So it’s extremely important to ask if there is any fill on the block and if so, how much. You can take this estimate back to your builder to see if they turn white or not.
The effect of the slop on a property price?
- Blocks with slope cost more to build on so developers will discount them
- They require retaining walls, special slab types and sometimes stumps which limits your builder selection
- Slope will also limit the type of build, you’ll need additional stairs sometimes single level at the front dropping to a double at the back or vice versa. You can build some beautiful homes, but they just cost a lot more, and generally require a custom
Thanks again
In today's episode, we recap on the First Home Loan Deposit Scheme and the recent Government changes.
So let's start with the recap. The FHLDS is one of the Government Schemes, to boost the construction industry and Australian economy post-COVID. If you have saved 5% of a properties value, then the Government will step in and act as a guarantor eliminating Lenders Mortgage Insurance.
There are some key eligibility criteria:
- Income test
- Citizenship test
- Reason test
- Prior ownership test
- Price cap (by postcode)
Remember! There are only a few banks who are able to help you through this process and it's done in conjunction with your loan application.
So what's changed? Price caps have been increased, so you can look at a greater range of properties and a further 10,000 spots have been release so get in quick!
Thanks again and catch you next time.
The Property Heroes
—
We release a few different episodes a week
Monday - A short rapid fire educational episode about property/real estate
Wednesday - A longer form, conversational episode talking all thing property and finance.
Friday - A short rapid fire educational episode about finance.
If you have any questions or any comments, it would be great to hear from you help@letsbuyproperty.com.au or you can reach us through our social.
—
Instagram: https://www.instagram.com/letsbuyproperty/
Facebook group: https://www.facebook.com/groups/letsbuyproperty/
Facebook page: https://www.facebook.com/letsbuypropertyfb/
Website: https://www.letsbuyproperty.com.au/
The most important budget ever, so we break it down and give you some guidance on:
What is the budget?
The two-phased approach the government is taking.
How to relate it to your life? (it’s like running a business)
How does the government get the money to pay for this?
Then we move onto, what are the key areas to think about:
- The government is predicting that we will have a large debt for a long time, so get ready to settle in for low-interest rates.
- What is GPD? Deficit? Bonds? How important are population and unemployment?. More importantly, how unemployment is targeting the youth sector.
- Will tax cuts and all these schemes affect the property market?
Finally, our take on it all which is:
- It doesn’t matter, this is all high-level stuff. Governments have been tackling issues like this for years, so they are well equipped.
- The key is to use these times to learn about the impacts, but also zoom into your own life and have a plan. Your plan is yours and should not be influenced by such high-level marco-economic items.
- Our thought is, assume a flat property market in general, but always know that good property grow well in value over time (better a long time).
Thanks again and catch you next time.
The Property Heroes
—
We release a few different episodes a week
Monday
- A short rapid-fire educational episode about property/real estate
Wednesday
- A longer form, conversational episode talking all thing property and finance.
Friday
- A short rapid-fire educational episode about finance. If you have any questions or any comments, it would be great to hear from you help@letsbuyproperty.com.au or you can reach us through our social.
—
Instagram:
https://www.instagram.com/letsbuyproperty/
Facebook group:
https://www.facebook.com/groups/letsbuyproperty/
Facebook page:
https://www.facebook.com/letsbuypropertyfb/
Website:
https://www.letsbuyproperty.com.au/
Like most buyers, talking to a real agent can feel like a you’re being interrogated by the FBI. But if you’re prepared and organised you might be able to throw them off their game, and get more information than you expected.
What should I do before attending opens?Do your homework, what else is for sale in the area, try to find comparable's along with sold prices. If you know even one comparable property, the agent will look and treat you completely differently and put you ahead of the game. The agent will know you are a serious buyer and might even put you on their Hot Buyers List.
Where would you find this info?Sold properties can be found on realestate.com.au, domain etc. or you might need to call the agent if you can’t find it online.
On the most popular platforms realestate.com.au and domain, to get to the sold listings, all you do is hit the SOLD button instead of the BUY button. You still enter all the parameters in like you do for current listings, and it will show you what has been sold in that location. You want to make sure they are recent so have a look at the date, making sure it's no older that 6 months.
Should I ask at the open or on the phone?If it's a busy Saturday open, it can be hard speaking to the agent at length so unless there is no one around, it might be best waiting for the phone call on Monday or Tuesday from them. Making sure you have time to go into detail is key here as you might get more from them, than expected. For instance, if the agent gets on with you they might tell you the exact reasons for the sale, the best scenario for the seller, which is all GOLD.
Don't expect call backs on Saturdays as this is game day for agents and they will be super busy running around open's (if only they could fly).
It also depends on how confident you are, and if you feel you have more power on the phone, on in person.
We hope you enjoyed this one, we enjoyed creating for you and if it was of value, it would be amazing if you gave us a review and subscribed so you can find out when the next show is available.
Thanks again and catch you next time.
The Property Heroes
—
We release a few different episodes a week
Monday - A short rapid fire educational episode about property/real estate
Wednesday - A longer form, conversational episode talking all thing property and finance.
Friday - A short rapid fire educational episode about finance.
If you have any questions or any comments, it would be great to hear from you help@letsbuyproperty.com.au or you can reach us through our social.
—
Instagram: https://www.instagram.com/letsbuyproperty/
Facebook group: https://www.facebook.com/groups/letsbuyproperty/
Facebook page: https://www.facebook.com/letsbuypropertyfb/
Website: https://www.letsbuyproperty.com.au/
LVR or Loan to value ratio, you might have heard of it, but what does it mean?
On this short and sweet episode of The Property Heroes Podcast, our Finance Hero Shehan takes us through the key points.
How is it the LVR calculated?The LVR is a percentage referencing the loan amount on a particular property VS it's total value. So if you have a property which is worth $600,000 and a loan for $500,000 to work out the LVR you divid the $500k by $600k which equals and LVR of 83.33%.
Why is it important?The banks use this as part of their risk assessment, and is one of the main pillars used to establish if it's a debt they want to take on.
Do different property types, get different LVR's? Say a house vs a High Rise.The simple answer is YES, but there are many factors which change from time to time, depending on the appetite of the banks.
Does the postcode I'm buying in matter?Like the previous answer, YES, it will matter for certain suburbs typically those inner city suburbs which have a lot of new high rise development going on, Melbourne, Sydney, Brisbane CBD's, the Gold Coast etc. Whats the maximum LVR I can get?There are a lot of governing factors here, but generally you can get all the way to 95%, meaning you could but a property with a 5% deposit. Things like your occupation could also have a positive impact on the LVR and Lender's Mortgage Insurance or LMI, but we will unpack that in another episode.
We hope you enjoyed this one, we enjoyed creating for you and if it was of value, it would be amazing if you gave us a review and subscribed so you can find out when the next show is available.
Thanks again and catch you next time.
The Property Heroes
—
We release a few different episodes a week
Monday - A short rapid fire educational episode about property/real estate
Wednesday - A longer form, conversational episode talking all thing property and finance.
Friday - A short rapid fire educational episode about finance.
If you have any questions or any comments, it would be great to hear from you help@letsbuyproperty.com.au or you can reach us through our social.
—
Instagram: https://www.instagram.com/letsbuyproperty/
Facebook group: https://www.facebook.com/groups/letsbuyproperty/
Facebook page: https://www.facebook.com/letsbuypropertyfb/
Website: https://www.letsbuyproperty.com.au/
What a HUGE week it's been in property and finance.
Real Estate reopens, the bank change their forecasts positions from a loss to a gain for Australian House prices, a push from the government / RB to re start the economy with relaxed lending, it's all a bit much and we totally get that it can be hard to decipher.
Luckily, on this weeks episode, the heroes have your back and unpack the current landscape in an easy to understand format.
Here's what we covered and a few links if you wanted to find out a bit more about them.
Planning TOPIC 1 We discuss our view on economists, and how it’s pointless to use them in the media.
https://www.westpac.com.au/news/money-matters/2020/09/house-prices-in-for-15pc-surge/
TOPIC 2 What the agents are saying?
TOPIC 3 RBA rate cut - possibly to 0%
(https://www.smh.com.au/politics/federal/not-quite-less-than-zero-rba-looks-at-lower-rates-and-more-borrowing-20200922-p55y2q.html)
Why and what does this mean?
How does consumer confidence fit into all of this?
TOPIC 4 Responsible Lending
https://ministers.treasury.gov.au/sites/ministers.treasury.gov.au/files/2020-09/Consumer-credit-reforms-fact-sheet.pdf
We hope you enjoyed this one, we enjoyed creating for you and if it was of value, it would be amazing if you gave us a review and subscribed so you can find out when the next show is available.
Thanks again and catch you next time.
The Property Heroes
—
We release a few different episodes a week
Monday - A short rapid fire educational episode about property/real estate
Wednesday - A longer form, conversational episode talking all thing property and finance.
Friday - A short rapid fire educational episode about finance.
If you have any questions or any comments, it would be great to hear from you help@letsbuyproperty.com.au or you can reach us through our social.
—
Instagram: https://www.instagram.com/letsbuyproperty/
Facebook group: https://www.facebook.com/groups/letsbuyproperty/
Facebook page: https://www.facebook.com/letsbuypropertyfb/
Website: https://www.letsbuyproperty.com.au/
The necessary evil of multi-dwelling properties, as they allow you to get into an area you might have not been able to afford otherwise.
In this short and sweet property episode, we go over,
- What are they?
- How do they help?
- What do they do?
- What to look for when assessing a contract.
We hope you enjoyed this one, we enjoyed creating for you and if it was of value, it would be amazing if you gave us a review and subscribed so you can find out when the next show is available.
Thanks again and catch you next time.
The Property Heroes
—
We release a few different episodes a week
Monday - A short rapid fire educational episode about property/real estate
Wednesday - A longer form, conversational episode talking all thing property and finance.
Friday - A short rapid fire educational episode about finance.
If you have any questions or any comments, it would be great to hear from you help@letsbuyproperty.com.au or you can reach us through our social.
—
Instagram: https://www.instagram.com/letsbuyproperty/
Facebook group: https://www.facebook.com/groups/letsbuyproperty/
Facebook page: https://www.facebook.com/letsbuypropertyfb/
Website: https://www.letsbuyproperty.com.au/
What is negative gearing?
In today's short and sweet finance episode, Shehan runs us through negative gearing, and why it was so popular a fews back.
Here's what we cover off,
Why is it seen as a benefit?
What’s the negative?
What are our thoughts on negative gearing?
We hope you enjoyed this one, we enjoyed creating for you and if it was of value, it would be amazing if you gave us a review and subscribed so you can find out when the next show is available.
Thanks again and catch you next time.
The Property Heroes
—
We release a few different episodes a week
Monday - A short rapid fire educational episode about property/real estate
Wednesday - A longer form, conversational episode talking all thing property and finance.
Friday - A short rapid fire educational episode about finance.
If you have any questions or any comments, it would be great to hear from you help@letsbuyproperty.com.au or you can reach us through our social.
—
Instagram: https://www.instagram.com/letsbuyproperty/
Facebook group: https://www.facebook.com/groups/letsbuyproperty/
Facebook page: https://www.facebook.com/letsbuypropertyfb/
Website: https://www.letsbuyproperty.com.au/
To succeed in property, you have to both acknowledge the past but also assess the current state of play.
You have to avoid all the ‘advice’ people who aren’t in the industry or have an agenda, to look at facts and evidence.
So today, we're going to look at the 4 top myths your parents would have told you and how they may be aiding you making the wrong decision.
Myth 1: You’ve got to have 20% Deposit
Myth 2: Just a property, any property, because being in the market is better than not.
https://www.domain.com.au/news/how-melbourne-house-prices-of-1997-compare-to-2017
Myth 3: An investment property must be tax effective
Myth 4: It’s easy to get a house, just save more (avo on toast)
We hope you enjoyed this one, we enjoyed creating for you and if it was of value, it would be amazing if you gave us a review and subscribed so you can find out when the next show is available.
Thanks again and catch you next time.
The Property Heroes
—
We release a few different episodes a week
Monday - A short rapid fire educational episode about property/real estate
Wednesday - A longer form, conversational episode talking all thing property and finance.
Friday - A short rapid fire educational episode about finance.
If you have any questions or any comments, it would be great to hear from you help@letsbuyproperty.com.au or you can reach us through our social.
—
Instagram: https://www.instagram.com/letsbuyproperty/
Facebook group: https://www.facebook.com/groups/letsbuyproperty/
Facebook page: https://www.facebook.com/letsbuypropertyfb/
Website: https://www.letsbuyproperty.com.au/
Apartments New vs Old?
The age old battle of new and old apartments, but which one wins?
Well from our view, we like to purchase properties with history, something we can touch and feel, and a track record of growth.
In today’s short and sweet, hear from James on
What are the main differences?
Size, Amenities, Owners corp costs ,Density
The way you purchase them might be different as well right?
Buying off the plan vs being able to walk through it.
What would your preference be?
We hope you enjoyed this one, we enjoyed creating for you and if it was of value, it would be amazing if you gave us a review and subscribed so you can find out when the next show is available.
Thanks again and catch you next time.
The Property Heroes
—
We release a few different episodes a week
Monday - A short rapid fire educational episode about property/real estate
Wednesday - A longer form, conversational episode talking all thing property and finance.
Friday - A short rapid fire educational episode about finance.
If you have any questions or any comments, it would be great to hear from you help@letsbuyproperty.com.au or you can reach us through our social.
—
Instagram: https://www.instagram.com/letsbuyproperty/
Facebook group: https://www.facebook.com/groups/letsbuyproperty/
Facebook page: https://www.facebook.com/letsbuypropertyfb/
Website: https://www.letsbuyproperty.com.au/
Fixed rates vs. variable interest rates?
What’s better fixed or variable?
It’s common question and something we get asked all the time.
So in this short and sweet finance episode we unpack and answer,
- What the differences are between fixed and variable?
- Is a fixed rate locked in forever?
- What are the cost of a fixed rate? Upfront, Break fees, are there penalties?
- Why are the interest rates different between fixed and variable?
- What do Shehan suggest choosing?
We hope you enjoyed this one, we enjoyed creating for you and if it was of value, it would be amazing if you gave us a review and subscribed so you can find out when the next show is available.
Thanks again and catch you next time.
The Property Heroes
—
We release a few different episodes a week
Monday - A short rapid fire educational episode about property/real estate
Wednesday - A longer form, conversational episode talking all thing property and finance.
Friday - A short rapid fire educational episode about finance.
If you have any questions or any comments, it would be great to hear from you help@letsbuyproperty.com.au or you can reach us through our social.
—
Instagram: https://www.instagram.com/letsbuyproperty/
Facebook group: https://www.facebook.com/groups/letsbuyproperty/
Facebook page: https://www.facebook.com/letsbuypropertyfb/
Website: https://www.letsbuyproperty.com.au/
Welcome, or welcome back everyone.
We hope you've been enjoying the new format, we have loved bringing you these longer form episodes discussing current industry updates, along with the education episodes on Monday and Friday.
So this week, a couple of larger news items, so lets jump in a take a look,
An REA (realestate.com.au) article noted that unemployment is up, but it’s hitting renters not the owner occupied market - i.e higher risk to investors. So we shouldn’t see the effect everyone was thinking, which confirms our discussion in episode # September cliff episode where we mentioned, home owner will do everything that can to make the repayments.
CBA (Commonwealth Bank of Australia) has come out and revised their forecast of property prices. If we remember just a few months ago, there we article headlines noting a 30% drop! The world is ending. This confirms, from the largest bank in Australia, that no it's not, and it's barely even a correction, at 6%.
So things, don’t seem that bad and it seems very concentrated, compromised properties, isolated areas with not much infrastructure etc. which is why we don't recommend these locations
This takes us to our point that there are markets, within markets, within suburbs within streets even.
Let's take a test to see how much you know about your suburbs - how far, can you drive or how much do you know. I.e Glen Iris has 25,000 houses….We hope you enjoyed this one, we enjoyed creating for you and if it was of value, it would be amazing if you gave us a review and subscribed so you can find out when the next show is available.
Thanks again and catch you next time.
The Property Heroes
—
We release a few different episodes a week
Monday - A short rapid fire educational episode about property/real estate
Wednesday - A longer form, conversational episode talking all thing property and finance.
Friday - A short rapid fire educational episode about finance.
If you have any questions or any comments, it would be great to hear from you help@letsbuyproperty.com.au or you can reach us through our social.
—
Instagram: https://www.instagram.com/letsbuyproperty/
Facebook group: https://www.facebook.com/groups/letsbuyproperty/
Facebook page: https://www.facebook.com/letsbuypropertyfb/
Website: https://www.letsbuyproperty.com.au/
How useful is the Statement of Information and can you really trust it?
The Statement of information has some useful numbers but things like the median price for the area and the comparable properties should always be questioned.
How are these properties comparable, what period was the median house price conducted over? There are few things you should know about them and thats exactly what we cover today.
- What is the statement of information and what does it show?
- Where do you find it?
- Does it actually provide much value?
- How do agents manipulate the SOP figures and range
- Can this be used to underquote?
- What's the risk to the buyer looking at this?
To find out more about the Statement of Information see below link
MORE INFO
We hope you enjoyed this one, we enjoyed creating for you and if it was of value, it would be amazing if you gave us a review and subscribed so you can find out when the next show is available.
Thanks again and catch you next time.
The Property Heroes
—
We release a few different episodes a week
Monday - A short rapid fire educational episode about property/real estate
Wednesday - A longer form, conversational episode talking all thing property and finance.
Friday - A short rapid fire educational episode about finance.
If you have any questions or any comments, it would be great to hear from you help@letsbuyproperty.com.au or you can reach us through our social.
—
Instagram: https://www.instagram.com/letsbuyproperty/
Facebook group: https://www.facebook.com/groups/letsbuyproperty/
Facebook page: https://www.facebook.com/letsbuypropertyfb/
Website: https://www.letsbuyproperty.com.au/
The First Home Super Saver Scheme, another tongue twister from the government, and the topic for today's short and sweet finance episode.
In this episode we unpack the Scheme and what its all about,
How you can contribute to the scheme?
How do you withdraw contributions from the FHSSS?
Do we think it’s a good scheme?
What else should you be aware of?
More info you can check out the ATO
https://www.ato.gov.au/individuals/super/withdrawing-and-using-your-super/first-home-super-saver-scheme/
We also recommend speaking to a good financial planner.
We hope you enjoyed this one, we enjoyed creating for you and if it was of value, it would be amazing if you gave us a review and subscribed so you can find out when the next show is available.
Thanks again and catch you next time.
The Property Heroes
—
We release a few different episodes a week
Monday - A short rapid fire educational episode about property/real estate
Wednesday - A longer form, conversational episode talking all thing property and finance.
Friday - A short rapid fire educational episode about finance.
If you have any questions or any comments, it would be great to hear from you help@letsbuyproperty.com.au or you can reach us through our social.
—
Instagram: https://www.instagram.com/letsbuyproperty/
Facebook group: https://www.facebook.com/groups/letsbuyproperty/
Facebook page: https://www.facebook.com/letsbuypropertyfb/
Website: https://www.letsbuyproperty.com.au/
Unless you've been living under a rock, you would know that the Stage 4 restrictions in Melbourne were extended recently continuing to impact multiple industries.
On this episode, Shehan and James unpack;
- What it's looks like to purchase a property through this period.
- If it's a good option to buy sight unseen?
- Should you wait or buy now/at the end of the restriction?
- What happened in previous recessions.
The guys also chat about a rule from the great man Warren Buffet,
The Noah Rule says: "Predicting rain doesn't count, building an ark does."
-
Have the discipline to do scenario planning.
-
Build action plans for each scenario.
-
Take action accordingly.
You can see the full article here.
https://www.inc.com/scott-mautz/warren-buffetts-little-known-noah-rule-is-key-to-surviving-adversity.html
We hope you enjoyed this one, we enjoyed creating for you and if it was of value, it would be amazing if you gave us a review and subscribed so you can find out when the next show is available.
Thanks again and catch you next time.
The Property Heroes
—
We release a few different episodes a week
Monday - A short rapid fire educational episode about property/real estate
Wednesday - A longer form, conversational episode talking all thing property and finance.
Friday - A short rapid fire educational episode about finance.
If you have any questions or any comments, it would be great to hear from you help@letsbuyproperty.com.au or you can reach us through our social.
—
Instagram: https://www.instagram.com/letsbuyproperty/
Facebook group: https://www.facebook.com/groups/letsbuyproperty/
Facebook page: https://www.facebook.com/letsbuypropertyfb/
Website: https://www.letsbuyproperty.com.au/
Welcome to Part 2 of the Auction process.
We bet you've driven past one of these and thought, "What's going on there" and that might be the only exposure you've had to auction, let alone having to bid at one to buy probably the most expensive thing you will ever purchase, a new home!
This week we speak about,
- What happens at the start of the Auction.
- How do I bid?
- What is the reserve and what does "On the Market" mean?
- What happens if I win the auction?
- The top 3 Ways to win at auction
If you haven't listened to Part 1, be sure to jump over there first to understand what an auction is. In the coming weeks we will finish off the process of Auctions, as quite a bit goes on, so be sure to tune in.
We hope you enjoyed this one, we enjoyed creating for you and if it was of value, it would be amazing if you gave us a review and subscribed so you can find out when the next show is available.
Thanks again and catch you next time.
The Property Heroes
—
We release a few different episodes a week
Monday - A short rapid fire educational episode about property/real estate
Wednesday - A longer form, conversational episode talking all thing property and finance.
Friday - A short rapid fire educational episode about finance.
If you have any questions or any comments, it would be great to hear from you help@letsbuyproperty.com.au or you can reach us through our social.
—
Instagram: https://www.instagram.com/letsbuyproperty/
Facebook group: https://www.facebook.com/groups/letsbuyproperty/
Facebook page: https://www.facebook.com/letsbuypropertyfb/
Website: https://www.letsbuyproperty.com.au/
The HomeBuilder Scheme, a government incentive to keep the building industry going, and help those looking to build a new home or undertake a substantial renovation.
So what is the go with it? Well, luckily for you we have taken all the important stuff from the government websites and crammed it into this short and sweet episode.
What we cover today,
- What is the homebuilder scheme about?
- What’s the main eligibility test?
- Do I need to be a first time buyer?
- Can I buy off the plan apartments or townhouse?
- How does the renovations work.
- What do I need to know about constructing/building a new home?
- How do I access it?
- What’s the biggest problem with it?
We hope you enjoyed this one, we enjoyed creating for you and if it was of value, it would be amazing if you gave us a review and subscribed so you can find out when the next show is available.
Thanks again and catch you next time.
The Property Heroes
—
We release a few different episodes a week
Monday - A short rapid fire educational episode about property/real estate
Wednesday - A longer form, conversational episode talking all thing property and finance.
Friday - A short rapid fire educational episode about finance.
If you have any questions or any comments, it would be great to hear from you help@letsbuyproperty.com.au or you can reach us through our social.
—
Instagram: https://www.instagram.com/letsbuyproperty/
Facebook group: https://www.facebook.com/groups/letsbuyproperty/
Facebook page: https://www.facebook.com/letsbuypropertyfb/
Website: https://www.letsbuyproperty.com.au/
While times have certainly been tough, especially for those of us in Melbourne, but has a COVID softened market opened the doors for millennials? Are they still interested in property?
Shehan and James jump into a great report released by ING looking into some of these factors along with the savvy ways millennials have used the lockdown time to save better and establish their goals, maybe they listened to our planning episode :)
Here are some more facts from the report, along with a link if you'd like to check it out.
Many are also willing to continue to minimise their lifestyle costs post lockdown to own their own home sooner, including:
- Minimising personal shopping (40%)
- Entertaining at home rather than going out (31%)
- Spending less on drinking (25%)
- Reducing date nights (19%)
- Giving up gym membership (17%)
- Finding a less costly commute (16%)
In order to buy a house sooner half (50%) say that they would consider living on the city fringes and the outer suburbs (45km or more from the city).
REPORT LINK
The guys also chat about the relationships with have with property, what makes it valuable to us and if we would give it all up for a tree or sea change.
We hope you enjoyed this one, we enjoyed creating for you and if it was of value, it would be amazing if you gave us a review and subscribed so you can find out when the next show is available.
Thanks again and catch you next time.
The Property Heroes
—
We release a few different episodes a week
Monday - A short rapid fire educational episode about property/real estate
Wednesday - A longer form, conversational episode talking all thing property and finance.
Friday - A short rapid fire educational episode about finance.
If you have any questions or any comments, it would be great to hear from you help@letsbuyproperty.com.au or you can reach us through our social.
—
Instagram: https://www.instagram.com/letsbuyproperty/
Facebook group: https://www.facebook.com/groups/letsbuyproperty/
Facebook page: https://www.facebook.com/letsbuypropertyfb/
Website: https://www.letsbuyproperty.com.au/
We bet you've driven past one of these and thought, "What's going on there" and that might be the only exposure you've had to auction, let alone having to bid at one to buy probably the most expensive thing you will ever purchase, a new home!
With that in mind, we thought we'd put together some foundational information, so you know,
- What an Auction is.
- Why auctions used?
- Why we like them?
Over the next few weeks, we will be going through the auction process, so be sure to catch the rest.
We hope you enjoyed this one, we enjoyed creating for you and if it was of value, it would be amazing if you gave us a review and subscribed so you can find out when the next show is available.
Thanks again and catch you next time.
The Property Heroes
—
We release a few different episodes a week
Monday - A short rapid fire educational episode about property/real estate
Wednesday - A longer form, conversational episode talking all thing property and finance.
Friday - A short rapid fire educational episode about finance.
If you have any questions or any comments, it would be great to hear from you help@letsbuyproperty.com.au or you can reach us through our social.
—
Instagram: https://www.instagram.com/letsbuyproperty/
Facebook group: https://www.facebook.com/groups/letsbuyproperty/
Facebook page: https://www.facebook.com/letsbuypropertyfb/
Website: https://www.letsbuyproperty.com.au/
You might have seen in the news or on socials about the governments First Home Loan Deposit Scheme. But what the heck is it.
Our Finance wiz Shehan takes you through the ins and outs of what it's all about in this episode.
Some of the things we cover off,
- What’s the eligibility test?
- What if you've already owned a home?
- Is there a requirement me for me to have any savings?
- What property types are allowed?
- Which homes are allowed?
- Are there any postcode caps?
- How do I access it?
- Do you think it’s a good scheme?
We hope you enjoyed this one, we enjoyed creating for you and if it was of value, it would be amazing if you gave us a review and subscribed so you can find out when the next show is available.
Thanks again and catch you next time.
The Property Heroes
—
We release a few different episodes a week
Monday - A short rapid fire educational episode about property/real estate
Wednesday - A longer form, conversational episode talking all thing property and finance.
Friday - A short rapid fire educational episode about finance.
If you have any questions or any comments, it would be great to hear from you help@letsbuyproperty.com.au or you can reach us through our social.
—
Instagram: https://www.instagram.com/letsbuyproperty/
Facebook group: https://www.facebook.com/groups/letsbuyproperty/
Facebook page: https://www.facebook.com/letsbuypropertyfb/
Website: https://www.letsbuyproperty.com.au/
We're sure you're all aware of the media pushing this message of a September cliff and a 30% drop in property price.
Is that really going to happen?
No one has a crystal ball to predict if yes or no, but like the media we also have an opinion, but our's is a little more positive.
What else do we cover on this episode?
- The different segments of the market and how one usually picks up the slack from the other
- The effects of the job keeper extension, and how this might assist with holding off any shape declines.
- The CBA annual insights report (great piece of content)
- Banks actually don't want to sell your home
- Interest only repayments could be the answer
We hope you enjoyed this one, we enjoyed creating for you and if it was of value, it would be amazing if you gave us a review and subscribed so you can find out when the next show is available.
Thanks again and catch you next time.
The Property Heroes
—
We release a few different episodes a week
Monday - A short rapid fire educational episode about property/real estate
Wednesday - A longer form, conversational episode talking all thing property and finance.
Friday - A short rapid fire educational episode about finance.
If you have any questions or any comments, it would be great to hear from you help@letsbuyproperty.com.au or you can reach us through our social.
—
Instagram: https://www.instagram.com/letsbuyproperty/
Facebook group: https://www.facebook.com/groups/letsbuyproperty/
Facebook page: https://www.facebook.com/letsbuypropertyfb/
Website: https://www.letsbuyproperty.com.au/
Hey everyone,
Welcome to season 2 of The Trunking Truth podcast, where Shehan and James discuss all things Property and Finance.
If it's the first time tuning in, be sure to start back to episode 1 so you can fully understand the process.
We hope you enjoyed this one, we enjoyed creating for you and if it was of value, it would be amazing if you gave us a review and subscribed so you can find out when the next show is available.
Thanks again and catch you next time.
The Property Heroes
—
We release a few different episodes a week
Monday - A short rapid fire educational episode about property/real estate
Wednesday - A longer form, conversational episode talking all thing property and finance.
Friday - A short rapid fire educational episode about finance.
If you have any questions or any comments, it would be great to hear from you help@letsbuyproperty.com.au or you can reach us through our social.
—
Instagram: https://www.instagram.com/letsbuyproperty/
Facebook group: https://www.facebook.com/groups/letsbuyproperty/
Facebook page: https://www.facebook.com/letsbuypropertyfb/
Website: https://www.letsbuyproperty.com.au/
Hey everyone,
Welcome to the Property Heroes, and on this episode the Heroes discuss if it's a good idea to put out your super as a deposit for property purchase.
If it's the first time tuning in, be sure to start back to episode 1 so you can fully understand the process.
We hope you enjoyed this one, we enjoyed creating for you and if it was of value, it would be amazing if you gave us a review and subscribed so you can find out when the next show is available.
Thanks again and catch you next time.
The Property Heroes
—
We release a few different episodes a week
Monday - A short rapid fire educational episode about property/real estate
Wednesday - A longer form, conversational episode talking all thing property and finance.
Friday - A short rapid fire educational episode about finance.
If you have any questions or any comments, it would be great to hear from you help@letsbuyproperty.com.au or you can reach us through our social.
—
Instagram: https://www.instagram.com/letsbuyproperty/
Facebook group: https://www.facebook.com/groups/letsbuyproperty/
Facebook page: https://www.facebook.com/letsbuypropertyfb/
Website: https://www.letsbuyproperty.com.au/
Hey everyone,
Hey everyone,
Welcome to season 2 of the podcast which has since been renamed The Property Heroes.
On this episode, the heroes discuss the questions you need to ask yourself when considering a property purchase, a bit of a self assessment if you like to make sure you are ready.
We hope you enjoyed this one, we enjoyed creating for you and if it was of value, it would be amazing if you gave us a review and subscribed so you can find out when the next show is available.
Thanks again and catch you next time.
The Property Heroes
—
We release a few different episodes a week
Monday - A short rapid fire educational episode about property/real estate
Wednesday - A longer form, conversational episode talking all thing property and finance.
Friday - A short rapid fire educational episode about finance.
If you have any questions or any comments, it would be great to hear from you help@letsbuyproperty.com.au or you can reach us through our social.
—
Instagram: https://www.instagram.com/letsbuyproperty/
Facebook group: https://www.facebook.com/groups/letsbuyproperty/
Facebook page: https://www.facebook.com/letsbuypropertyfb/
Website: https://www.letsbuyproperty.com.au/
Thank you everyone who tuned in over the past 10 weeks.
In this final episode of the season, Shehan and James recap the previous episodes, adding a few bits of gold along the way.
If it's the first time tuning in, be sure to start back to episode 1 so you can fully understand the process and what we are talking about in this one.
Thanks again and catch you next time.
The Property Heroes
—
We release a few different episodes a week
Monday
- A short rapid-fire educational episode about property/real estate
Wednesday
- A longer form, conversational episode talking all thing property and finance.
Friday
- A short rapid-fire educational episode about finance. If you have any questions or any comments, it would be great to hear from you help@letsbuyproperty.com.au or you can reach us through our social.
—
Instagram:
https://www.instagram.com/letsbuyproperty/
Facebook group:
https://www.facebook.com/groups/letsbuyproperty/
Facebook page:
https://www.facebook.com/letsbuypropertyfb/
Website:
https://www.letsbuyproperty.com.au/
Did Boomers ruin it for millennials
It’s pretty common to hear boomers calling the younger generation lazy, entitled, technology
obsessed, and stupid with money (purchasing $10 smashed avo on toast).
And millennials saying that Boomers ruined property for us.
So, did the boomers actually ruin it for the rest of us?
Thanks again and catch you next time.
The Property Heroes
—
We release a few different episodes a week
Monday
- A short rapid-fire educational episode about property/real estate
Wednesday
- A longer form, conversational episode talking all thing property and finance.
Friday
- A short rapid-fire educational episode about finance. If you have any questions or any comments, it would be great to hear from you help@letsbuyproperty.com.au or you can reach us through our social.
—
Instagram:
https://www.instagram.com/letsbuyproperty/
Facebook group:
https://www.facebook.com/groups/letsbuyproperty/
Facebook page:
https://www.facebook.com/letsbuypropertyfb/
Website:
https://www.letsbuyproperty.com.au/
Hey everyone, join this weeks conversation about buying a property before or after having kids.
The guys chat about the impacts kids might have to lending capacity, if the banks look at you differently and if it's a good idea to wait until you have a property before having kids.
We hope you enjoy it, please subscribe if you found it valuable and if you'd like to be notified when we release a new episode.
Thanks again and catch you next time.
The Property Heroes
—
We release a few different episodes a week
Monday
- A short rapid-fire educational episode about property/real estate
Wednesday
- A longer form, conversational episode talking all thing property and finance.
Friday
- A short rapid-fire educational episode about finance. If you have any questions or any comments, it would be great to hear from you help@letsbuyproperty.com.au or you can reach us through our social.
—
Instagram:
https://www.instagram.com/letsbuyproperty/
Facebook group:
https://www.facebook.com/groups/letsbuyproperty/
Facebook page:
https://www.facebook.com/letsbuypropertyfb/
Website:
https://www.letsbuyproperty.com.au/
Hey everyone, in todays episode, Shehan and James chat about the risks of rushing the property purchase and how to avoid some of situations you might end up in.
From agents telling you you're going to miss out, or not understanding your finances, it can be overwhelming and sometimes cause you to make rash decisions. Hopefully we can outline a few of these and you know what to look out for.
Thanks again and catch you next time.
The Property Heroes
—
We release a few different episodes a week
Monday
- A short rapid-fire educational episode about property/real estate
Wednesday
- A longer form, conversational episode talking all thing property and finance.
Friday
- A short rapid-fire educational episode about finance. If you have any questions or any comments, it would be great to hear from you help@letsbuyproperty.com.au or you can reach us through our social.
—
Instagram:
https://www.instagram.com/letsbuyproperty/
Facebook group:
https://www.facebook.com/groups/letsbuyproperty/
Facebook page:
https://www.facebook.com/letsbuypropertyfb/
Website:
https://www.letsbuyproperty.com.au/
In today's episode, Shehan and James chat about managing your expectation and understanding the timeframes around purchasing a property.
It can be a long process, with a few different areas of focus, so it's important to get an understanding of what the steps are and the rough timeline that goes along with it.
Thanks again and catch you next time.
The Property Heroes
—
We release a few different episodes a week
Monday
- A short rapid-fire educational episode about property/real estate
Wednesday
- A longer form, conversational episode talking all thing property and finance.
Friday
- A short rapid-fire educational episode about finance. If you have any questions or any comments, it would be great to hear from you help@letsbuyproperty.com.au or you can reach us through our social.
—
Instagram:
https://www.instagram.com/letsbuyproperty/
Facebook group:
https://www.facebook.com/groups/letsbuyproperty/
Facebook page:
https://www.facebook.com/letsbuypropertyfb/
Website:
https://www.letsbuyproperty.com.au/
In this weeks episode, Shehan and James chat about what is property, and what are some of the things that make it different to other assets.
How many people own a home, how many mortgages are there, what can and can't I do with my property, the guys get deep as usual so be sure to listen to the end for all the tips.
Thanks again and catch you next time.
The Property Heroes
—
We release a few different episodes a week
Monday
- A short rapid-fire educational episode about property/real estate
Wednesday
- A longer form, conversational episode talking all thing property and finance.
Friday
- A short rapid-fire educational episode about finance. If you have any questions or any comments, it would be great to hear from you help@letsbuyproperty.com.au or you can reach us through our social.
—
Instagram:
https://www.instagram.com/letsbuyproperty/
Facebook group:
https://www.facebook.com/groups/letsbuyproperty/
Facebook page:
https://www.facebook.com/letsbuypropertyfb/
Website:
https://www.letsbuyproperty.com.au/
We thought it would be a good time to give you an update on the RBA announcement today, along with a market wrap from both finance and property.
We hope you enjoy it, please subscribe if you found it valuable and want to be notified when we release a new episode.
Thanks again and catch you next time.
The Property Heroes
—
We release a few different episodes a week
Monday
- A short rapid-fire educational episode about property/real estate
Wednesday
- A longer form, conversational episode talking all thing property and finance.
Friday
- A short rapid-fire educational episode about finance. If you have any questions or any comments, it would be great to hear from you help@letsbuyproperty.com.au or you can reach us through our social.
—
Instagram:
https://www.instagram.com/letsbuyproperty/
Facebook group:
https://www.facebook.com/groups/letsbuyproperty/
Facebook page:
https://www.facebook.com/letsbuypropertyfb/
Website:
https://www.letsbuyproperty.com.au/
Welcome to The Trunking Truth, where Shehan (the finance guy) and James (the property guy) discuss all things property and finance.
On this weeks episode we are talking about finding your why. Yes, we said it, finding your WHY.
It's become a bit of cliche over the past few years but it's extremely important when considering a property purchase. It's the base of your decision and establishing this from the outset, is key to a less stressful experience.
Thanks again and catch you next time.
The Property Heroes
—
We release a few different episodes a week
Monday
- A short rapid-fire educational episode about property/real estate
Wednesday
- A longer form, conversational episode talking all thing property and finance.
Friday
- A short rapid-fire educational episode about finance. If you have any questions or any comments, it would be great to hear from you help@letsbuyproperty.com.au or you can reach us through our social.
—
Instagram:
https://www.instagram.com/letsbuyproperty/
Facebook group:
https://www.facebook.com/groups/letsbuyproperty/
Facebook page:
https://www.facebook.com/letsbuypropertyfb/
Website:
https://www.letsbuyproperty.com.au/
Welcome to The Trunk Truth, a conversational video podcast, where Shehan (the finance guy) and James (the property guy) from Elephant Advisory discuss all things finance and property.
This part 2 where the guys speak about sacrifice, and how you might need to adjust your lifestyle if considering purchasing a property.
Over the next 10 weeks, they will cover topics such as, are you ready for property, does it fit your plan, finding your why (a cliche we know, but it's important here), lifestyle changes and many more, so tune in each week to see what they unpack.
Thanks again and catch you next time.
The Property Heroes
—
We release a few different episodes a week
Monday
- A short rapid-fire educational episode about property/real estate
Wednesday
- A longer form, conversational episode talking all thing property and finance.
Friday
- A short rapid-fire educational episode about finance. If you have any questions or any comments, it would be great to hear from you help@letsbuyproperty.com.au or you can reach us through our social.
—
Instagram:
https://www.instagram.com/letsbuyproperty/
Facebook group:
https://www.facebook.com/groups/letsbuyproperty/
Facebook page:
https://www.facebook.com/letsbuypropertyfb/
Website:
https://www.letsbuyproperty.com.au/
Welcome to The Trunk Truth, a conversational video podcast, where Shehan (the finance guy) and James (the property guy) from Elephant Advisory discuss all things finance and property.
This part 1 of 2 where the guys speak about happiness, how the sources of happiness change over your life and can property fill in the void.
Over the next 10 weeks, they will cover topics such as, are you ready for property, does it fit your plan, finding your why (a cliche we know, but it's important here), lifestyle changes and many more, so tune in each week to see what they unpack.
Thanks again and catch you next time.
The Property Heroes
—
We release a few different episodes a week
Monday
- A short rapid-fire educational episode about property/real estate
Wednesday
- A longer form, conversational episode talking all thing property and finance.
Friday
- A short rapid-fire educational episode about finance. If you have any questions or any comments, it would be great to hear from you help@letsbuyproperty.com.au or you can reach us through our social.
—
Instagram:
https://www.instagram.com/letsbuyproperty/
Facebook group:
https://www.facebook.com/groups/letsbuyproperty/
Facebook page:
https://www.facebook.com/letsbuypropertyfb/
Website:
https://www.letsbuyproperty.com.au/
Welcome to The Trunk Truth, a conversational video podcast, where Shehan (the finance guy) and James (the property guy) from Elephant Advisory discuss all things finance and property.
In this first episode of a series for those looking to buy a property, the guys speak about the pre purchase phase of buying a property.
Over the next 10 weeks, they will cover topics such as, are you ready for property, does it fit your plan, finding your why (a cliche we know, but it's important here), lifestyle changes and many more, so tune in each week to see what they unpack.
If you would like to send us a questions, email info@elephantadvisory.com.au
In this bonus episode, Shehan (the finance guy) and James (the property guy) have a bit of a laugh about their first property purchase's and what they wish they had known when going through the process.
Like always, it would be great if you could give us a like, and subscribe so we can continue to bring you this content.
Thanks again and catch you next time.
The Property Heroes
—
We release a few different episodes a week
Monday
- A short rapid-fire educational episode about property/real estate
Wednesday
- A longer form, conversational episode talking all thing property and finance.
Friday
- A short rapid-fire educational episode about finance. If you have any questions or any comments, it would be great to hear from you help@letsbuyproperty.com.au or you can reach us through our social.
—
Instagram:
https://www.instagram.com/letsbuyproperty/
Facebook group:
https://www.facebook.com/groups/letsbuyproperty/
Facebook page:
https://www.facebook.com/letsbuypropertyfb/
Website:
https://www.letsbuyproperty.com.au/
A brief run-through on what the RBA is, who they are and what they do.
Also the June announcement of the cash rate holding at 25 basis points.
Thanks again and catch you next time.
The Property Heroes
—
We release a few different episodes a week
Monday
- A short rapid-fire educational episode about property/real estate
Wednesday
- A longer form, conversational episode talking all thing property and finance.
Friday
- A short rapid-fire educational episode about finance. If you have any questions or any comments, it would be great to hear from you help@letsbuyproperty.com.au or you can reach us through our social.
—
Instagram:
https://www.instagram.com/letsbuyproperty/
Facebook group:
https://www.facebook.com/groups/letsbuyproperty/
Facebook page:
https://www.facebook.com/letsbuypropertyfb/
Website:
https://www.letsbuyproperty.com.au/
Join Shehan (the finance guy) and James (the property guy) this week for a discussion around the History of Property. We take you through the last few decades of the property market in Melbourne, Australia and how it has performed over time.
We hope you enjoy it, and please subscribe if you'd like to hear more from us.
Thanks again and catch you next time.
The Property Heroes
—
We release a few different episodes a week
Monday
- A short rapid-fire educational episode about property/real estate
Wednesday
- A longer form, conversational episode talking all thing property and finance.
Friday
- A short rapid-fire educational episode about finance. If you have any questions or any comments, it would be great to hear from you help@letsbuyproperty.com.au or you can reach us through our social.
—
Instagram:
https://www.instagram.com/letsbuyproperty/
Facebook group:
https://www.facebook.com/groups/letsbuyproperty/
Facebook page:
https://www.facebook.com/letsbuypropertyfb/
Website:
https://www.letsbuyproperty.com.au/
Meet Shehan (the finance guy) and James (the property guy) as they launch The Trunking Truth a podcast about finance and property targeted at; first-timers, enthusiast or season veterans.
Thanks again and catch you next time.
The Property Heroes
—
We release a few different episodes a week
Monday
- A short rapid-fire educational episode about property/real estate
Wednesday
- A longer form, conversational episode talking all thing property and finance.
Friday
- A short rapid-fire educational episode about finance. If you have any questions or any comments, it would be great to hear from you help@letsbuyproperty.com.au or you can reach us through our social.
—
Instagram:
https://www.instagram.com/letsbuyproperty/
Facebook group:
https://www.facebook.com/groups/letsbuyproperty/
Facebook page:
https://www.facebook.com/letsbuypropertyfb/
Website:
https://www.letsbuyproperty.com.au/