Soph is back with property guru, Peter West to break down the story behind her second investment property, and how she managed to buy it without putting down a brand-new deposit. In this episode, they walk through what actually happened after the first renovation: how the house was revalued, how equity can be released through refinancing, and how that money can be used to help fund the next property. They also unpack key concepts like gross yield, cash flow, and why buying well in the first place makes such a big difference to the outcome of a project. Along the way, Soph shares what surprised her most about going again so quickly, why the second renovation was a little more complicated than the first, and how the numbers ended up stacking up in the end. Peter also explains how they evaluate locations, what they look for in a property with renovation potential, and why buying in the right market at the right time can create opportunities to repeat the process again. If you’ve ever wondered how investors climb the property ladder, how equity actually works in practice, or what it takes to turn one property into two, this episode breaks down the process step by step.

Interested in working with Peter? If you’d like to explore investing in property with Pete’s help, email us at [email protected] and our team will point you in the right direction.

Watch the first episode with Peter West

Watch part two of the conversation

We’ve partnered with BNZ because buying a home isn’t the same for everyone. Their Home Loan Partners can help you understand your options, including the TotalMoney home loan – which lets you use money in connected BNZ TotalMoney transactional accounts (parents can even link their own TotalMoney accounts to their children’s loan) to offset your mortgage and help you get mortgage free faster, while still keeping your money accessible. Whether you’ve got extra help or you’re going it alone, BNZ’s team is there to guide you from search to settlement.

👉 To learn more, head here.

Account opening and lending criteria (including minimum equity requirements), terms and fees apply. A low equity premium and an establishment fee of up to $150 may apply. BNZ standard and TotalMoney T&Cs apply to TotalMoney transaction accounts. Details of our fees can be found in our Personal account, service, and facility fees brochure. You can connect up to 50 TotalMoney transaction accounts to one group.

Credits:

Host: Sophie Hallwright

Guest: Peter West

Producer & Editor: Emily Rigby

Social & Digital Manager: Lucy Munro

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(00:00:00) Coming up in this episode…(00:02:59) BNZ x The Curve(00:03:55) Recap: The First Property(00:15:10) How Refinancing Works(00:22:10) Buying Again: The Second Property(00:28:26) The Pros and Cons of Property Two(00:38:20) The Numbers Explained(00:41:28) Could There Be a Third Property?(00:45:14) Real Stories from Pete’s Clients(00:48:46) Your Questions Answered(00:52:31) Final Thoughts(00:53:53) Thank you for listening to The Property Podcast!(00:55:31) Financial Disclaimer

Disclaimer: Raising The Curve has been prepared solely for informational and educational purposes. Any information provided and serviced described in this website are intended to be of general nature and provide general information only. The opinions expressed by The Curve do not constitute investment advice.