Got a question for the trio? - https://zfrmz.com/uLtjhyBskV96PY6eJfaIhttps://propertyplanning.com.au/propertyplannerbuyerprofessor/ In this week's episode Dave, Cate and Pete take you through: 1. Market updates – comparing Australian property and Abu Dhabi’s property differences, NSW first home buyer optional stamp duty is now live! And Crypto currency risk bounces back onto the market update playlist. 2. This may surprise our listeners, but the first home should be selected with investment potential in mind. 3. Bigger is better when it comes to land size for the first timer, but location counts for everything. 4. Oldie, but a goodie! How old is too old? Cate and Pete dare to disagree… but the most important tip for listeners is to remember the importance of “land to asset ratio”, the trio’s golden rule. 5. Leave the luxe listings off the list!Grand kitchens, bespoke bathrooms… Pete takes us through all of the reasons why ‘luxing up’ an investment property is a terrible idea. 6. Dream home versus investment property – why we need to look at each with such different lenses. “Would I live in this place?” is usually the wrong question for an investor to ask, unless they are representative of the target tenant. 7. The best pool is someone else’s pool! As Cate often says to her clients, pools come with all kinds of responsibility and maintenance/safety issues. 8. Are larger dwellings the holy grail for capital growth? 9. Is it ok to luxe-up your dream home? Expensive and delicate features should be left for your dream home, not your investment property. 10. … And our gold nuggets! Pete shares his well-loved pearl of wisdom, “If you’re looking to make money, it’s about location, land and looks!”
Dave also share a have a plan for the big rock in the jar, (i.e. the family home). This can help investors finding themselves feeling financial pain or scrambling to divest their acquisitions down the track. “If you fail to plan, you plan to fail.” Visit the show notes: https://propertyplanning.com.au/181-first-home-vs-forever-home-dream-home-vs-investment-what-are-the-trade-offs-and-key-considerations/