By Brad East & Aaron Downie
The podcast currently has 35 episodes available.
In this episode of "Talk Property To Me," Aaron had the pleasure of speaking with Sam Taylor, a former primary school teacher turned successful real estate agent. Sam shared his unique journey into the real estate industry, which began in 2018 after he developed a passion for property while helping his wife purchase their first home. He candidly discussed the challenges he faced in his early years, emphasising the importance of building a strong track record and the role of social proof in gaining client trust.
Sam's background in teaching has significantly influenced his approach to real estate. He believes that the trust associated with being an educator sets him apart in a field often plagued by negative stereotypes. He highlighted the importance of communication and relationship-building, which he honed during his teaching career, as key components of his success in real estate.
Throughout our conversation, Sam reflected on his most memorable sales, including his first sale of a block of land, which he secured through door knocking. He humorously recounted the challenges of prospecting and how he built a network of referrals by genuinely connecting with clients rather than relying on traditional cold-calling methods.
We also delved into current market trends, with Sam noting a recent flat spot in the market due to low stock levels and uncertainty around financing. He discussed how the market has evolved post-COVID and the impact of interest rates on buyer sentiment. Sam pointed out that while many buyers are concerned about overpaying for properties, long-term investment strategies remain crucial for success in real estate.
As we explored the dynamics between different buyer demographics, Sam shared insights on how first-time buyers and investors can differentiate themselves in a competitive market, particularly against downsizers who often prioritise lifestyle over price. He emphasised the importance of understanding the motivations behind buyers' decisions and how that can influence market trends.
Towards the end of our discussion, we touched on the future of the real estate industry, particularly the shift towards more independent business models like UrbanX, which supports agents with backend services. Sam shared his vision for his own business, focusing on mentorship and fostering a positive culture within his team.
This episode is packed with valuable insights for anyone interested in real estate, whether you're a buyer, investor, or aspiring agent. Sam's journey and perspective offer a refreshing take on the industry, highlighting the importance of relationships, community involvement, and a long-term mindset in achieving success.
Welcome back to Talk Property To Me with Aaron Downie and special guest Sam Taylor discussing his journey from teaching to real estate.
Sam shares his background as a primary school teacher and how his interest in real estate developed.
Discussion on the challenges faced in the first few years of real estate and the importance of building a track record.
Sam talks about his goal-setting approach and the significance of being content in his new career.
Exploring how Sam's teaching background contributes to trust in his real estate practice.
Sam reflects on his most memorable sale, including the importance of building relationships with clients.
Discussion on Sam's philosophy of client service over traditional prospecting methods.
Sam shares insights on current market trends and the impact of stock levels and buyer sentiment.
Exploring how COVID-19 and interest rate changes have influenced the real estate market.
Discussion on how buyer behaviour has shifted from fear of missing out to fear of overpaying.
Sam emphasises the importance of long-term thinking in real estate investments.
Exploring how different demographics influence buyer motivations and decisions.
Discussion on the trend of downsizing and its impact on the real estate market.
Sam talks about the influence of cash buyers on market stability despite economic fluctuations.
Insights into what investors are looking for in the current market and how they are adapting.
Sam analyses market data and trends over the past decade in Newcastle and Lake Macquarie.
Discussion on the gentrification of suburbs and how perceptions of areas have changed.
Sam shares thoughts on the evolution of real estate business models and the role of UrbanX.
Sam provides valuable advice for new agents and those looking to start their own brand.
Discussion on the significance of mentorship and maintaining a positive office culture.
Sam emphasises the importance of transaction volume for skill development in real estate.
Wrap-up of the discussion with key takeaways and appreciation for the insights shared.
ABOUT THE HOSTS
BRAD EAST
Brad East is the Managing Director of Wisebuy Home Loans. Brad is an award-winning mortgage broker and has helped thousands of clients gain finance to purchase properties. Wisebuy Home Loans is the go-to mortgage brokerage for clients wanting out-of-the-box applications approved.
Website → https://wisebuygroup.com.au
LinkedIn → https://www.linkedin.com/in/newcastlemortgagebroker/
Instagram → https://www.instagram.com/bradeast_mortgagebroker/
Facebook → https://www.facebook.com/bradeastofficial
AARON DOWNIE
Joining the podcast in 2024, Aaron Downie is a seasoned property investor and director of Mackenzie Buyers Agency. Aaron’s deep understanding of the property market and investment strategies provides listeners with invaluable insights.
Website: https://www.mackenziepropertygroup.com.au/
Linkedin: https://www.linkedin.com/in/aaron-downie-1b2749134/
In this episode of Talk Property To Me, we delved into the current state of the economy with the help of Joel Griffiths, an experienced accountant from Leenane Templeton. Joel, with nearly 25 years in the industry, provided valuable insights into the economic landscape and the impact of government spending on various sectors.
The discussion revolved around the recent inflation figures, disposable income, and productivity trends. We explored the question of whether the economy is in a recession, potentially masked by government spending, and the implications of further rate increases.
Joel highlighted the role of government spending in driving economic growth, particularly in the context of the upcoming election. We analysed the impact of high interest rates on rent prices and the challenges faced by households in managing utility costs amidst inflation.
The conversation also touched upon the disparity in household disposable income per capita compared to other OECD countries, indicating the strain on Australian households. We discussed the potential consequences of monetary policy on households and the need for a balanced approach to fiscal measures.
The podcast hosts also examined the predictions surrounding future rate increases and the dynamics of fixed rates in the market. They emphasised the importance of assessing individual financial situations and exploring refinancing options in the current economic climate.
Furthermore, the discussion extended to the retail sector, personal finance trends, and the implications of high assessment rates on borrowers. The hosts highlighted the significance of proactive financial management and the potential impact of government spending on the economy's long-term sustainability.
Overall, the episode shed light on the complex interplay between government policies, economic indicators, and individual financial decisions in shaping the current economic landscape. Joel's expertise provided valuable insights into navigating the challenges and opportunities in the evolving economic environment.
ABOUT THE HOSTS
BRAD EAST
Brad East is the Managing Director of Wisebuy Home Loans. Brad is an award-winning mortgage broker and has helped thousands of clients gain finance to purchase properties. Wisebuy Home Loans is the go-to mortgage brokerage for clients wanting out-of-the-box applications approved.
Website → https://wisebuygroup.com.au
LinkedIn → https://www.linkedin.com/in/newcastlemortgagebroker/
Instagram → https://www.instagram.com/bradeast_mortgagebroker/
Facebook → https://www.facebook.com/bradeastofficial
AARON DOWNIE
Joining the podcast in 2024, Aaron Downie is a seasoned property investor and director of Mackenzie Buyers Agency. Aaron’s deep understanding of the property market and investment strategies provides listeners with invaluable insights.
Website: https://www.mackenziepropertygroup.com.au/
Linkedin: https://www.linkedin.com/in/aaron-downie-1b2749134/
Welcome back to another episode of Talk Property To Me! In this episode, my co-host Aaron Downey and I delve into the crucial aspects of property selection for first-time investors. We build upon our previous discussion on finance and now focus on the key considerations when choosing the right property.
We kick off the episode by emphasizing the importance of location. We highlight the common mistake of investing in familiar areas without considering diversification. We stress the need to conduct thorough market research, considering factors like proximity to reputable schools, public transport accessibility, and amenities.
Moving on to property types, we differentiate between residential and commercial properties. While commercial properties offer high returns, they require larger deposits and active leases, making them less suitable for first-time investors. We emphasize the significance of choosing the right property type based on investment goals and strategies.
The discussion then shifts to the long-term outlook of the chosen property. We explore how economic trends, development projects, and scarcity can impact property values and rental returns. We stress the importance of considering owner-occupied appeal and scarcity to attract tenants and maximize investment returns.
Lastly, we touch on the importance of staying updated with market trends and seeking professional advice when needed. We encourage listeners to educate themselves and consider reaching out to experts like Aaron for guidance in making informed property investment decisions.
Overall, this episode provides valuable insights into the intricate process of property selection, guiding first-time investors towards making sound investment choices. Tune in to our website for more episodes and resources to enhance your property investment journey. Thank you for listening, and we look forward to sharing more insights in our next episode!
ABOUT THE HOSTS
BRAD EAST
Brad East is the Managing Director of Wisebuy Home Loans. Brad is an award-winning mortgage broker and has helped thousands of clients gain finance to purchase properties. Wisebuy Home Loans is the go-to mortgage brokerage for clients wanting out-of-the-box applications approved.
Website → https://wisebuygroup.com.au
LinkedIn → https://www.linkedin.com/in/newcastlemortgagebroker/
Instagram → https://www.instagram.com/bradeast_mortgagebroker/
Facebook → https://www.facebook.com/bradeastofficial
AARON DOWNIE
Joining the podcast in 2024, Aaron Downie is a seasoned property investor and director of Mackenzie Buyers Agency. Aaron’s deep understanding of the property market and investment strategies provides listeners with invaluable insights.
Website: https://www.mackenziepropertygroup.com.au/
Linkedin: https://www.linkedin.com/in/aaron-downie-1b2749134/
Welcome back to another episode of Talk Property to Me! In this episode, my co-host Aaron Downey and I dive into the world of first-time property investors in Australia, focusing specifically on the finance aspect. This episode is part one of a two-part series, with the next episode delving into the property side of things.
We kick off the episode by discussing the crucial question of how much deposit is needed for first-time property investors. We explore the concept of lenders mortgage insurance (LMI) and its impact on deposit requirements. We also touch on the option of using a guarantor to increase the deposit amount and avoid LMI.
Moving on, we delve into government schemes available for first-time homebuyers in Australia, particularly in New South Wales. We highlight schemes like the first home loan deposit scheme and stamp duty exemptions, emphasising the eligibility criteria and benefits for first-time buyers.
Next, we shift our focus to understanding how banks assess borrowing capacity for potential property investors. We break down the calculation process, including net income, living expenses, and loan repayments. We stress the importance of managing existing debts like credit cards to improve borrowing capacity.
In a thought-provoking segment, we discuss the strategy of rent vesting for individuals who cannot afford to buy property in their desired location. We explore the concept of investing in more affordable markets while renting in a preferred area, highlighting the potential benefits and considerations for this strategy.
Wrapping up the episode, we touch on the significance of financial discipline and strategic planning for aspiring property investors. We emphasise the need to assess individual financial situations, explore alternative options, and make informed decisions to achieve property ownership goals.
Join us next week for part two of our series, where we will delve into the property side of first-time property investment in Australia. Stay tuned for more insights, tips, and advice on navigating the property market as a first-time investor.
Thank you for tuning in to Talk Property to Me! Remember to connect with us on our social media platforms and reach out with any questions or topics you'd like us to cover in future episodes. See you next time!
00:00:02 - Introduction to Finance Tips for First Time Property Investors
00:02:12 - Explanation of Lenders Mortgage Insurance (LMI)
00:03:29 - Tips for Saving a Deposit
00:08:55 - Overview of Government Schemes for First Home Buyers
00:11:30 - How Banks Assess Borrowing Capacity
00:16:13 - Impact of Credit Cards on Borrowing Capacity
00:18:49 - Considerations Before Buying Property When Planning for Kids
00:21:47 - Introduction to Rent Vesting Strategy
00:25:25 - Conclusion and Preview of Part Two
ABOUT THE HOST
BRAD EAST
Brad East is the Managing Director of Wisebuy Home Loans. Brad is an award-winning mortgage broker and has helped thousands of clients gain finance to purchase properties. Wisebuy Home Loans is the go-to mortgage brokerage for clients wanting out-of-the-box applications approved.
Website → https://wisebuygroup.com.au
LinkedIn → https://www.linkedin.com/in/newcastlemortgagebroker/
Instagram → https://www.instagram.com/bradeast_mortgagebroker/
Facebook → https://www.facebook.com/bradeastofficial
Welcome back to Talk Property to Me! In this episode, my co-host Brad East and I delve into the predicted growth areas in each state in the sub-800k market segment. We use an algorithm that considers historical data, infrastructure spending, supply and demand metrics, quality of schools, and socioeconomic factors to identify these high-growth areas.
We start by discussing the importance of school quality in property investment decisions, sharing personal experiences of how it influenced our own property choices. We emphasize the significance of analyzing sub-markets and understanding the demographics and preferences of potential buyers or renters in different price points.
Moving on to specific states, we highlight the Barossa Valley in South Australia and Maitland in New South Wales as promising areas for future growth due to their affordability, stable rental increases, and favorable market metrics. In Queensland, Ipswich and Breland Point stand out as potential high-growth areas, while in Victoria, Melton and Brimbank are identified as key locations to watch.
We caution against investing in areas with limited data or high days on the market, such as Zuccoli in the Northern Territory. In Western Australia, Cockburn emerges as a potential investment hotspot due to its coastal location and affordability, despite concerns about long-term growth sustainability.
Throughout the episode, we stress the importance of thorough research and due diligence when selecting investment properties, advising listeners to focus on location, lifestyle amenities, and market demand. We conclude by encouraging listeners to invest where people want to live, rather than solely focusing on tax benefits or short-term gains.
Join us on the next episode of Talk Property to Me as we continue to explore the dynamic world of property investment and share valuable insights to help you make informed decisions in the real estate market. Thank you for tuning in!
ABOUT THE HOST
BRAD EAST
Brad East is the Managing Director of Wisebuy Home Loans. Brad is an award-winning mortgage broker and has helped thousands of clients gain finance to purchase properties. Wisebuy Home Loans is the go-to mortgage brokerage for clients wanting out-of-the-box applications approved.
Website → https://wisebuygroup.com.au
LinkedIn → https://www.linkedin.com/in/newcastlemortgagebroker/
Instagram → https://www.instagram.com/bradeast_mortgagebroker/
Facebook → https://www.facebook.com/bradeastofficial
In this episode of Talk Property To Me, I had the pleasure of speaking with Cameron from Waterford Financial Planners about self-managed super funds (SMSFs). We delved into the intricacies of setting up and managing an SMSF, exploring the differences between SMSFs and industry funds, the advantages of leveraging assets within an SMSF, and the various investment options available.
Cameron highlighted the importance of seeking independent advice and avoiding one-stop-shop solutions that may lead to potential conflicts of interest. We discussed real-life examples of successful SMSFs as well as cautionary tales of SMSFs gone wrong, emphasising the need for careful planning and due diligence.
Throughout the episode, we covered key topics such as the setup process, compliance requirements, tax implications, and considerations for retirement planning within an SMSF. Cameron provided valuable insights into the complexities of SMSF lending, the importance of proper structuring, and the potential pitfalls to avoid.
We concluded by stressing the significance of conservative investment strategies, the minimum fund size for SMSF lending, and the importance of seeking professional advice when navigating the world of self-managed super funds.
Listeners were encouraged to reach out to Cameron at Waterford Financial Services for personalised advice and assistance with their SMSF queries. Whether seeking clarification on SMSF setup or evaluating the effectiveness of an existing SMSF structure, Cameron and his team are ready to provide expert guidance and support.
Tune in to this episode for a comprehensive overview of self-managed super funds, packed with practical insights and expert advice to help you make informed decisions about your retirement savings.
00:00:01 - Introduction to Self-Managed Super Funds
00:05:17 - Steps to Set Up a Self-Managed Super Fund
00:10:02 - Limited Recourse Borrowing Arrangement
00:11:05 - Compliance and Audits for Self-Managed Super Funds
00:12:39 - Taxation in Self-Managed Super Funds
00:13:53 - Retirement Options and Pension Phase
00:15:49 - Real-Life Examples of Successful Self-Managed Super Funds
00:18:20 - Importance of Independent Advice in Self-Managed Super Funds
00:21:46 - Considerations for Separation or Death in Self-Managed Super Funds
00:22:30 - Minimum Fund Size for Self-Managed Super Fund Lending
ABOUT THE HOST
BRAD EAST
Brad East is the Managing Director of Wisebuy Home Loans. Brad is an award-winning mortgage broker and has helped thousands of clients gain finance to purchase properties. Wisebuy Home Loans is the go-to mortgage brokerage for clients wanting out-of-the-box applications approved.
Website → https://wisebuygroup.com.au
LinkedIn → https://www.linkedin.com/in/newcastlemortgagebroker/
Instagram → https://www.instagram.com/bradeast_mortgagebroker/
Facebook → https://www.facebook.com/bradeastofficial
In this episode of Talk Property To Me, real estate expert Aaron Downie joins Brad East to unpack the nuances of investing in houses versus apartments. As an experienced investor with a keen eye for market dynamics, Aaron offers practical insights on the hotly debated topic of real estate investing.
Discover the key factors to consider when choosing between houses and apartments, such as location, market trends, rental yields, and long-term appreciation potential. Learn from real-world examples and expert analysis to find the investment strategy that works best for you.
Whether you’re a seasoned investor or just starting, this video will provide valuable tips and strategies to enhance your portfolio. Don't miss out on the opportunity to gain a deeper understanding of the real estate market and maximize your returns.
Join our exclusive Facebook group for ongoing support and expert advice on Australian finance and real estate. → https://www.facebook.com/groups/talkpropertytome
Follow our podcast instagram here → https://www.instagram.com/talkpropertytomepodcast/
Subscribe to our channel for more expert advice on real estate investing, market trends, and financial growth strategies. Hit the notification bell so you never miss an update!
Timestamped summary of this episode:
00:00:13 Debunking the Myth: Houses vs. Apartments as Investments
Exploring the misconception of only buying houses as an investment strategy, highlighting the importance of market analysis and investment strategy in property investment.
00:01:55 Pros and Cons of Apartments vs. Houses
Discussing the affordability and lower entry price of apartments, maintenance considerations, rental yield, amenities, and capital growth in comparison to houses.
00:04:23 Considerations for Apartment Investment
Exploring factors like body corporate fees, maintenance costs, and historical capital growth rates in apartments, while considering future trends and market dynamics.
00:06:21 Size and Investment Potential of Apartments
Examining the size differences between apartments and houses, and showcasing a successful investment case of a large apartment with significant returns.
00:07:38 Advantages of Houses as Investments
Highlighting the capital growth, land ownership, space, privacy, and maintenance costs associated with investing in houses over apartments.
00:09:39 Luxury Amenities in Property Buildings
Discussion on the cost and benefits of properties with luxury amenities like teppanyaki bars and cinemas for renters and owners.
00:11:14 Best Performing Suburbs in Australia
Analysis of the highest performing suburbs in Australia over the past twelve months, with significant growth rates in Gumdale, Ellen Grove, Keilor East, and Rosebud.
00:13:45 Top Growth in Apartment Suburbs
Highlighting the substantial growth in apartment suburbs like Tennyson, Grange in Brisbane, and Doncaster East in Melbourne, with impressive annual growth rates.
00:15:43 Worst Performing Suburbs
Exploring the decline in suburbs like O'Connor and Wannan in Canberra for houses, and Forrest in Canberra, East Lakes in Sydney, and Macquarie Park for apartments over the last twelve months.
00:17:00 Decade of Growth in Suburbs
Insights into the top performing suburbs over the past ten years, showcasing significant increases in areas like Byron Bay, Bright in Victoria, Suffolk Park, and Kingscliffe.
00:19:46 Top Performing Suburbs for Apartments
Discussion on top-performing suburbs for apartments, including Jindabyne and Kings Cliff, with notable growth percentages over the years.
00:21:24 Factors Influencing Property Prices
Exploration of factors like infrastructure, population growth, and market demand affecting property prices in different suburbs.
00:22:27 Apartments as Valuable Assets
Highlighting the long-term value of apartments, emphasizing diversification and low maintenance costs as key advantages.
00:23:24 Trend of Downsizing to Apartments
Observations on the trend of downsizing to apartments, particularly by the aging population, driving demand and growth in certain Sydney suburbs.
00:24:47 Diversification in Property Investment
Encouragement for diversifying investment portfolios, considering apartments as a viable option for first-time investors.
ABOUT THE HOST
BRAD EAST
Brad East is the Managing Director of Wisebuy Home Loans. Brad is an award-winning mortgage broker and has helped thousands of clients gain finance to purchase properties. Wisebuy Home Loans is the go-to mortgage brokerage for clients wanting out-of-the-box applications approved.
Website → https://wisebuygroup.com.au
LinkedIn → https://www.linkedin.com/in/newcastlemortgagebroker/
Instagram → https://www.instagram.com/bradeast_mortgagebroker/
Facebook → https://www.facebook.com/bradeastofficial
#realestate #propertyinvestment #podcast #finance #propertypodcast
In this episode of Talk Property To Me, real estate agent Luke Morrison joins Brad East to reveal the impact of compounding over decades. Luke Morrison is a seasoned real estate professional with over a decade of experience in the Newcastle market. His data-driven approach empowers clients to make informed investment decisions.
Learn how waiting a few years can mean missing out on substantial gains and why "timing the market" often backfires. Don't let fear or indecision rob you of life-changing wealth. Unlock the secrets of compounding growth and take control of your financial future now.
Join our exclusive Facebook group for ongoing support and expert advice on Australian finance and real estate. → https://www.facebook.com/groups/talkpropertytome
Follow our podcast instagram here → https://www.instagram.com/talk_property_to_me_podcast/
Timestamped summary of this episode:
00:00:01 The Power of Compounding Growth in Property Investment
Luke Morrison explains how waiting to save a larger deposit can cost around $900,000 over a four-year period due to compounding growth in property values.
00:03:13 The Importance of Acting Now in the Property Market
Brad emphasizes the urgency of buying property now, highlighting that waiting for better conditions or interest rates can be costly in the long term.
00:06:05 The Strategy of Boomers in Property Investment
Discussion on how boomers accumulated wealth by buying property early, sitting on it, and then downsizing at retirement, showcasing the benefits of long-term property ownership.
00:07:56 Media Influence on Consumer Behavior in Property Market
Exploration of how media influences consumer behavior in response to interest rate speculations, and the recommendation to refinance home loans to benefit from lower rates.
00:09:09 Advice on Refinancing Home Loans for Cost Savings
Encouragement for homeowners to proactively refinance their home loans to secure lower rates and save money, emphasizing the importance of shopping around for better deals.
00:10:09 Uncovering Bank Tactics with Interest Rates
Banks manipulate interest rates by reducing discounts over time, urging listeners to review bank statements and negotiate for lower rates by threatening to refinance.
00:11:24 Taking Control of Home Loan Discounts
Encouragement to challenge banks for rate reductions, highlighting the potential savings and financial gains from negotiating home loan discounts.
00:12:21 Overcoming Initial Costs in Property Investment
Emphasizing the short-term costs like LMI and stamp duty are quickly offset by property value growth, advocating for taking the leap into the market.
00:13:32 Timing the Real Estate Market
Advising to enter the property market now due to predicted interest rate drops and increasing property values, discussing factors influencing market growth.
00:16:48 Long-Term Wealth Building through Property Investment
Highlighting the significance of compounding growth in property investment over 30 years, contrasting it with other investment options for long-term wealth accumulation.
ABOUT THE HOST
BRAD EAST
Brad East is the Managing Director of Wisebuy Home Loans. Brad is an award-winning mortgage broker and has helped thousands of clients gain finance to purchase properties. Wisebuy Home Loans is the go-to mortgage brokerage for clients wanting out-of-the-box applications approved.
Website → https://wisebuygroup.com.au
LinkedIn → https://www.linkedin.com/in/newcastlemortgagebroker/
Instagram → https://www.instagram.com/bradeast_mortgagebroker/
Facebook → https://www.facebook.com/bradeastofficial
#realestate #propertyinvestment #podcast #finance #propertypodcast
In this episode of Talk Property To Me, you'll dive into the complexities of borrowing for property investment with guest Toby Woodroffe, an experienced mortgage broker. He shares insights on the importance of seeking expert guidance when navigating the lending landscape, drawing from his professional experience to emphasize the potential pitfalls of attempting to navigate the lending process alone. The conversation touches on securing lending for multiple investment properties, banks' strategies, and the significance of establishing relationships with knowledgeable local mortgage brokers. Woodroffe's expertise and practical advice provide a credible basis for listeners seeking to invest in property, highlighting the value of professional guidance and long-term support. Whether you're a homebuyer or property investor, tuning in to this episode will arm you with valuable insights to make informed decisions and effectively navigate the lending landscape.
Timestamped summary of this episode:
00:00:02 - The Role of Mortgage Brokers
Brad and Toby discuss the value of mortgage brokers and why they are essential in the home loan process. Toby debunks misconceptions about broker income and fees.
00:03:37 - Banks' Profit Margins and Mortgage Brokers
Toby explains how the decreasing net interest margins of banks are linked to the increasing market share of mortgage brokers. This relationship sheds light on why banks may view brokers as a threat.
00:10:51 - Best Interest Duty and Broker Expertise
The conversation delves into the best interest duty legislation and how brokers are required to act in the best interest of their clients. The expertise and access to multiple lenders make brokers a valuable resource for borrowers.
00:13:25 - Broker Commission and Client Benefits
Brad emphasizes that brokers do not charge clients and are compensated through commissions from lenders. The discussion highlights the importance of expert advice and access to a wide range of options for borrowers.
00:14:21 - The Role of Mortgage Brokers
Toby emphasizes the value of mortgage brokers in navigating complex lending processes, highlighting their ability to secure the best outcomes, especially in the investing space.
00:15:13 - Risks of Directly Approaching Banks
Toby discusses the potential pitfalls of directly approaching banks for property investment loans, including cross collateralization and the limitations it poses on future property acquisitions.
00:16:26 - Importance of Seeking Professional Advice
Toby advises against relying solely on media and encourages seeking advice from reputable local mortgage brokers to avoid costly mistakes and ensure long-term positive relationships.
00:16:53 - Lack of Bank Support
Toby highlights the lack of ongoing support from banks after loan approval and the importance of having access to professional guidance for navigating the complexities of the property market.
00:17:29 - Conclusion and Call to Action
Brad and Toby sign off, urging listeners to engage in the social media community and seek professional advice for any property-related questions or concerns.
ABOUT THE HOST
BRAD EAST
Brad East is the Managing Director of Wisebuy Home Loans. Brad is an award-winning mortgage broker and has helped thousands of clients gain finance to purchase properties. Wisebuy Home Loans is the go-to mortgage brokerage for clients wanting out-of-the-box applications approved.
Website → https://wisebuygroup.com.au
LinkedIn → https://www.linkedin.com/in/newcastlemortgagebroker/
Instagram → https://www.instagram.com/bradeast_mortgagebroker/
Facebook → https://www.facebook.com/bradeastofficial
In the podcast episode, Aaron Downie joins host Brad East to share his insights on property investment strategies and market trends. As an experienced investor with a keen eye for analyzing market dynamics, Aaron offers practical perspectives on the controversial topic of investing in Perth. Through his personal experiences and expertise, he delves into the nuances of investing in units versus houses, emphasizing the significance of local market analysis. The discussion also highlights the impact of heavy reliance on mining in the Western Australian economy and the need to consider macroeconomic factors when making investment decisions. Aaron's practical approach and real-world examples make the content relatable and accessible, providing valuable insights for property investors seeking to make informed decisions. His expertise, combined with the host's industry background, lends credibility to the conversation, offering a thought-provoking exploration of property investment strategies and market dynamics. If you're seeking to gain a deeper understanding of the complexities of property investment and want to make informed decisions in the Perth market, this episode is a must-listen, offering valuable insights and practical perspectives to guide your investment journey.
Timestamped summary of this episode:
00:00:02 - The Controversy of Perth as an Investment Location
Brad and Aaron discuss the controversial topic of investing in Perth, addressing the current market talk and reasons why some believe it's the best investment place.
00:04:42 - Perth's Reliance on the Mining Sector
The conversation delves into the significant reliance of Perth's economy on the mining sector, with Aaron highlighting the massive 59% contribution of mining to the Western Australian economy.
00:09:17 - Affordability Crisis and Investment Strategies
Brad emphasizes the affordability crisis as a primary reason for investing in Perth, while also discussing the importance of considering different investment strategies and long-term goals.
00:13:53 - Units vs. Houses: Investment Considerations
Aaron challenges the generalization that land appreciates more than strata-titled properties, highlighting the importance of considering factors such as supply and demand in the market when evaluating investment options.
00:15:21 - Case Study: House vs. Unit Investment
The hosts share a real-life example of a client's bias towards purchasing a house over a unit, demonstrating the importance of challenging preconceived notions and considering all investment options.
00:15:41 - Investing in Units vs. Houses
Aaron and Brad discuss the pros and cons of investing in units vs. houses, emphasizing the importance of analyzing the local market and growth potential.
00:16:48 - Suburb Growth and Investment
The conversation shifts to comparing suburb growth in Newcastle, highlighting the significant difference in growth between different areas and the impact on investment choices.
00:18:14 - Risks in the Perth Market
The focus turns to the Perth market, with concerns raised about its heavy reliance on mining and the potential impact of macroeconomic factors on property investments.
00:19:47 - Diversifying Investment Locations
Aaron and Brad advocate for diversifying investment locations, suggesting alternative markets like Adelaide and Newcastle due to their consistent long-term growth and lower reliance on specific industries.
00:22:27 - Conclusion and Call to Action
The episode wraps up with a reminder to listeners to consider the long-term data and trends in potential investment locations, and to reach out with any questions or topic requests for future episodes.
ABOUT THE HOST
BRAD EAST
Brad East is the Managing Director of Wisebuy Home Loans. Brad is an award-winning mortgage broker and has helped thousands of clients gain finance to purchase properties. Wisebuy Home Loans is the go-to mortgage brokerage for clients wanting out-of-the-box applications approved.
Website → https://wisebuygroup.com.au
LinkedIn → https://www.linkedin.com/in/newcastlemortgagebroker/
Instagram → https://www.instagram.com/bradeast_mortgagebroker/
Facebook → https://www.facebook.com/bradeastofficial
The podcast currently has 35 episodes available.