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 [email protected] 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 [email protected] 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 [email protected] 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 [email protected] 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 [email protected] 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 [email protected] 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 [email protected] 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 [email protected] 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 [email protected] 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 [email protected] 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