Buying properties will always entail risks and rewards. But do you know how to make the most of your investment? 

We hear you! If you’re not quite sure what to do when buying a property, this episode will shed light on your path.

Today, we will answer the questions we’ve compiled from first home buyers, which can help you, too! Here, we talk about buying rental properties, property grades, finding the right local solicitors & inspectors, and other general topics you can surely learn from.

If you enjoy the show, do like, rate, subscribe, and share it with others! We have loads of resources available and if you’d like to chat, email us at [email protected]!

We’ll see you on the inside!

 

Episode Highlights:

1. Buying property for future rental income rather than capital growth [03:05]
2. The flyers, floaters, or flops in property - what should you do with them? [08:29]
3. When is it worth using a buyer’s agent? [12:24]
4. What should you do with your money or savings? [13:51]
5. Property investment grades A, B, and C [20:14]
6. Finding local solicitors & building inspectors [22:43]
7. Buying townhouses in the city vs buying a house on the outskirts [29:26]

 

Links from the Show:

• Episode 40: https://homebuyeracademy.com.au/podcasts/040 

 

If you enjoyed today’s podcast, don’t forget to subscribe, rate, and share the show! There’s more to come, so we hope to have you along with us on this journey!

See omnystudio.com/listener for privacy information.

Lucky are the people who get everything right on the first try—be it in purchasing a property or renovating one.

But again, wisdom comes with experience and learning from your mistakes is definitely one of the best ways to gain it!

Today, we’re going to talk about Veronica’s journey on her first property renovation: what she did right, where she went wrong, and how you can learn from her experience. We also discuss which factors you need to consider before purchasing a house, funding mistakes to avoid, and more valuable property lessons!

If you enjoy the show, do like, rate, subscribe, and share it with others! We have loads of resources available and if you’d like to chat, email us at [email protected]!

We’ll see you on the inside!

 

Episode Highlights:

1. Meighan’s last renovation project (and featured property) [02:03]
2. Why did Veronica decide to buy a house to renovate? [03:13]
3. Mistakes you should avoid when purchasing a property [04:48]
4. What Veronica didn’t do during her due diligence [10:06]
5. Checking if the property is outside a danger zone [11:27]
6. Knowing where your boundary is through the fence line [14:57]
7. The architect designed plans vs what the builder needs [18:24]
8. You must visit and measure the property before renovating! [23:09]
9. Learning from Veronica’s mistakes in funding [25:53]
10. Listing her property [32:52]
11. What makes an expert? [37:04]
12. A little knowledge is more dangerous than having none at all [38:18]

 

Links from the Show:

• Episode 9: What is the Importance of a Borrowing Strategy?
• Episode 48: What You Need to Know Before Buying Property to Renovate with Rebeka Morgan

 

If you enjoyed today’s podcast, don’t forget to subscribe, rate, and share the show! There’s more to come, so we hope to have you along with us on this journey!

See omnystudio.com/listener for privacy information.

Wouldn’t it be great to just have a checklist to refer to when you want to buy property? How about one that’s specifically for 2022?

Today, Veronica interviews co-host Meighan and guest Jarrod McCabe of Wakelin Advisory to dive deep into what you should expect in the three biggest property markets in Australia. We cover the relocation trend in Queensland, clearance rates, auction campaigns, and more!

If you enjoy the show, do like, rate, subscribe, and share it with others! We have loads of resources available and if you’d like to chat, email us at [email protected]!

We’ll see you on the inside!

 

Episode Highlights:

1. How is the Melbourne property market doing after its 6th lockdown? [02:51]
2. Clearance rates in Melbourne [06:32]
3. What if you can’t use clearance rates to measure the market? [08:09]
4. The relocation trend in Queensland [12:22]
5. How long did Brisbane’s 2002 property boom last for? [15:43]
6. How will Sydney & Melbourne’s property markets open up in 2022? [18:42]
7. How to plan your auction campaign (for sellers) [23:11]
8. What to expect in the Sunshine & Gold Coast markets in 2022 [24:34] 
9. Will the 2022 Melbourne & Gold Coast markets be similar to this year’s? [29:15]
10. Practical tips for buying property in 2022 [35:21]
11. How to get ready to buy in 2022 [39:14]

 

Links from the Show:

• Episode 40: How Can You Identify A, B, and C Grade Properties?

 

About Jarrod

With more than two decades in the property industry – across valuations and investment advisory – Jarrod McCabe has shaped a skillset that delivers for clients. His background in valuations underpins a keen sense of what makes a good investment. And combined with a tremendous depth of contemporary knowledge about the Melbourne inner suburban market, Jarrod brings a confidence-born-of-experience to negotiations that makes him especially effective in these high-pressured moments.

 

If you enjoyed today’s podcast, don’t forget to subscribe, rate, and share the show! There’s more to come, so we hope to have you along with us on this journey!

See omnystudio.com/listener for privacy information.

This may come as a little bit of shock, but property data can’t be your only basis for making decisions!

Plenty of property buyers turn to data to help them decide on a purchase and while it’s a great move, not all data is useful - some can send you on a wild goose chase!

Today, we cover the data and factors that investors often overlook. From median price growth ‘top 10 lists’, buyer behaviour, to the socioeconomics of an area, we tackle a number of factors that can help you decide where to buy (and what data to be wary of)!

If you enjoy the show, do like, rate, subscribe, and share it with others! We have loads of resources available and if you’d like to chat, email us at [email protected]!

We’ll see you on the inside!

 

Episode Highlights:

1. The property market [02:07]
2. Importance of understanding the data presented to you [04:48]
3. Is it safe to base your decisions on the median price? [05:13]
4. Price segmentation tool [09:51]
5. Essential data that property investors often overlook [13:33]
6. Taking a look at the ‘green space’ of an area [16:53]
7. Checking the availability of public transportation [20:40]
8. The behaviour of buyers, renters, and owners [24:30]
9. The impact of socioeconomics in an area [29:21]
10. Our Where to Buy tutorial [33:42]
11. What property data doesn’t tell you: a review [34:31]

 

Links from the Show:

• How to Lie with Statistics by Darrell Huff
• Suburb Trends
• Where to Buy Tutorial (for Investors)

 

If you enjoyed today’s podcast, don’t forget to subscribe, rate, and share the show! There’s more to come, so we hope to have you along with us on this journey!

See omnystudio.com/listener for privacy information.

If you’ve always doubted that getting into a competitive property market as a beginner was possible, we’ve got the perfect case study to prove you wrong!

Former Home Buyer Academy student Anthony lets us take a peek into his property journey, sharing how he was able to save for a deposit, his property misses and how he recovered, how he worked out the price to pay for his property and more!

If you enjoy the show, do like, rate, subscribe, and share it with others! We have loads of resources available and if you’d like to chat, email us at [email protected]!

We’ll see you on the inside!

 

Episode Highlights:

1. Anthony’s property situation when he met Veronica & Meighan [02:19]
2. How was he able to save so much money for a deposit? [06:35]
3. Experiences that led him to buy an apartment [08:10]
4. Advisers Anthony had to support him through his journey [08:56]
5. His property misses & what he did about it [12:06]
6. Anthony’s “Aha!” moment that prompted him to change his strategy [15:34]
7. What led him to the asset he eventually bought? [17:11]
8. Knowing what to look for & honing in on the finer details [22:20] 
9. How long did his first home buyer journey take to start? [24:55]
10. What his parents think of his property choices & journey overall [25:42]
11. How this first home buyer works out the price to pay for his property [27:04]
12. One great piece of advice to help first home buyers on their property journey [31:36]

 

If you enjoyed today’s podcast, don’t forget to subscribe, rate, and share the show! There’s more to come, so we hope to have you along with us on this journey!

See omnystudio.com/listener for privacy information.

Headlines dominating the property news always use two powerful words to grab the market’s attention: BOOM and DOOM.

But how can you see through the data and make better property decisions based on it?

Today, we have data guy and host of Walk the World Martin North to talk about the world of data analytics and the importance of data-based decisions.

If you enjoy the show, do like, rate, subscribe, and share it with others! We have loads of resources available and if you’d like to chat, email us at [email protected]!

We’ll see you on the inside!

 

Episode Highlights:

1. “The House on the Rock” [02:50]
2. The 40% drop in Australian property prices explained [04:15]
3. Events that may lead to significant losses in the property market [09:49] 
4. How can first home buyers use data from granular level research? [13:56]
5. Taking a look at mortgage stress [15:45]
6. Socio-economic factors that may affect mortgage stress [20:26]
7. The importance of seeing through the property data presented [26:29]
8. Martin’s observations of the property market industry [29:21]
9. What if you bought a property that wasn’t quite right? [33:02]
10. What’s the REAL definition of affordability for first home buyers? [35:53]
11. Borrowing less than what your bank can lend you [40:04]
12. More people who are heading to retirement have mortgages [44:42]
13. What should first home buyers know about agents? [50:36]

 

Links from the Show:

• Walk the World YouTube Channel
• Is Australia Ready to Reopen? - Brendan Coates (The Elephant in the Room Podcast)

 

About Martin:

Martin North is the founder of Digital Finance Analytics, a boutique research, analysis and consulting firm that specialises in offering insight into the dynamics of the mortgage, lending, savings, payments and superannuation sectors.

 

If you enjoyed today’s podcast, don’t forget to subscribe, rate, and share the show! There’s more to come, so we hope to have you along with us on this journey!

See omnystudio.com/listener for privacy information.

Did you know that the “bank of mum and dad” is now the 9th largest lender in the country?

With this option front and center, it’s incredibly important to know how the whole process works and what kind of agreements first home buyers can enter into.

We’re joined by Barry Frakes of Australian Family Lawyers as we uncover what needs to be discussed when it comes to borrowing from the bank of mum and dad, from setting up a good agreement, preventing family frictions in case something goes wrong, and what to do if it does happen.

If you enjoy the show, do like, rate, subscribe, and share it with others! We have loads of resources available and if you’d like to chat, email us at [email protected]!

We’ll see you on the inside!

 

Episode Highlights:

1. What is “the bank of mum & dad” and what are the options? [02:52]
2. Veronica’s personal “ bank of mum & dad” story [04:12]
3. What to do before borrowing from the bank of mum & dad [06:12]
4. Preventing family frictions when borrowing from your parents [11:39]
5. Would your parents be the first mortgagee if they’re listed as a lender? [14:50]
6. You need a great mortgage broker to help communicate with the bank [18:18]
7. Unclear terms of agreement cause family fallouts [22:39]
8. Form an exit strategy at the very beginning of the agreement [28:01]
9. What about going the co-ownership route? [32:04]
10. The risks of following the wrong advice [35:33]
11. Prenuptials are a good idea, but it’s not absolutely essential [40:31]
12. How do you even begin to talk about borrowing from mum & dad? [43:22]
13. What does Barry know now that he wishes he knew at the start? [45:24]

 

Link/s from the Show:

• Australian Family Lawyers’ legal services 

 

About Barry:

Barry Frakes leads Australian Family Lawyers’ international strategy, leveraging his relationships and global experience to drive their growth as a premier family law firm for international family law matters and Heads our Asset Protect Division. His international focus includes the management of relationships with partner firms internationally including Stowe Family Law in the UK. Barry is also the Governor (Asia Pacific Chapter) of the International Academy of Family Lawyers.

 

If you enjoyed today’s podcast, don’t forget to subscribe, rate, and share the show! There’s more to come, so we hope to have you along with us on this journey!

See omnystudio.com/listener for privacy information.

Buying a property to renovate might seem like a great way to get into the market, but like any other project, there’s a lot more you need to know before jumping in!

Rebeka Morgan of BuildHer Collective shares her expert intel on what to look for when buying to renovate or rebuild. We’re going to learn some of the secrets to getting a renovation right, understanding what to look for, knowing the pitfalls to avoid and heaps more!

If you enjoy the show, do like, rate, subscribe, and share it with others! We have loads of resources available and if you’d like to chat, email us at [email protected]!

We’ll see you on the inside!

 

Episode Highlights:

1. The Hobbit House in Wales [02:40]
2. The biggest renovation mistake first home buyers make [03:42]
3. What can first home buyers do to add value to a reno property? [06:23]
4. Have a master plan for your property before spending on anything! [08:43]
5. How to avoid over-capitalizing on a reno property [13:00]
6. A process first home buyers NEED to follow to avoid pitfalls [17:09]
7. Getting financed by banks for your DIY reno project (plus an alternative) [20:30]
8. Consider these when rebuilding vs renovating [24:53]
9. Between a pool & an outdoor area, which one will buyers rate higher? [34:21] 
10. Be cautious of property issues you can & can’t overcome [38:20]
11. Make sure you research well before you buy [42:03]
12. Can first home buyers do property renovations without professional help? [43:34]
13. Use BuildHer Collective templates for better overview of your reno [47:01]
14. The story of Veronica’s most recent build [49:10]
15. When does the planning phase actually start? [51:02]
16. What is something you wish you knew as a first home buyer? [52:41]
17. What Veronica learned in her first reno project [55:38]

 

Links from the Show:

• Visit the BuildHer Collective website
• Episode 14: Questions You Must Ask Your Building Inspector

 

About Rebeka:

Rebeka Morgan is one of the Founders of the BuildHer Collective. She’s spent the last 14 years in the building industry in various management roles initially focusing on commercial construction where she was general manager of a commercial building company & more recently, Rebeka has been successfully redeveloping residential properties, which have broken sales records in Northcote. Rebeka is CEO of Beirin Projects which focuses on high end renovation and construction in the inner North.  

 

If you enjoyed today’s podcast, don’t forget to subscribe, rate, and share the show! There’s more to come, so we hope to have you along with us on this journey!

See omnystudio.com/listener for privacy information.

Have you ever considered purchasing a strata property but then got fazed by how different it is from buying a house?

There’s a whole additional layer of due diligence that needs to be done and before you get elbows deep in a property, inspecting strata records should be your first course of action.

Amanda Farmer of Your Strata Property shares her expertise in strata & community titles law. We talk about why you must start with records inspection before buying, the 4 steps she takes for a successful strata records inspection, a brief look at the 101s and much more!

If you enjoy the show, do like, rate, subscribe, and share it with others! We have loads of resources available and if you’d like to chat, email us at [email protected]!

We are also holding a live Where to Buy Workshop - Investor Edition later this evening, Nov 24, 2021, 7-9PM AEDT (6-8PM Brisbane time)! If you want to join us, check out the link here!

We’ll see you on the inside!

 

Episode Highlights:

1. The Rollercoaster Apartments in Vietnam [03:52]
2. You must always start with the inspection of records before buying [05:30]
3. Strata 101 for first home buyers [06:21]
4. How do you know if the records you’re getting are complete & correct? [10:16] 
• Who makes up the body corporate of strata apartments? [11:13]
5. Why buyers MUST examine strata records [13:06]
6. Step 1 - Request to see the records [18:04]
7. Get advice from someone who truly understands strata [22:02]
8. Step 2 - Understand what should be there when you inspect strata records [24:22]
• Why do forecasts and the capital works fund go hand in hand? [26:54]
9. What does Amanda look for in terms of strata compliance? [32:56]
• Buying old vs. new buildings [34:45]
10. Step 3 - Understand the misconceptions when it comes to records inspections [38:18]
11. Step 4 (for owners) - Request for any missing records you want to see [44:57]
12. Step 4 (for buyers) - Ask an adviser if record details make you uncomfortable [46:00]
13. Don’t be afraid to invest in strata (with the right knowledge)! [48:35]

 

Links from the Show:

• Successful Strata Records Inspections by Amanda Farmer
• Episode 68 | How bad can things go with buying strata property | Karen Stiles, Owners Corporation Network of Australia
• Episode 87 | Building approvals, conflicts of interest & who’s to blame for construction issues? | Kerry Hunt, Manager Building Construction Team
• Episode 103 | Strata owners - rights & obligations | Amanda Farmer, Your Strata Property
• Episode 106 | Dodgy developers & Strata Living | Jimmy Thomson, FLAT CHAT
• Episode 113 | What’s behind the wall?: 85% of developments have defects | Dr. Nicole Johnston, Deakin University
• Episode 176 | Developers are in the Government’s crosshairs | David Chandler, NSW Building Commissioner

 

About Amanda

Amanda Farmer provides upfront, no-nonsense legal advice and representation via her legal practice, Lawyers Chambers. As a Fellow and Council Member of the Australian College of Strata Lawyers, she is recognised by her peers as an accomplished professional in the area of strata and community titles law. Amanda advises and represents owners, buildings, developers, strata management companies and local councils. She is also the host of the Your Strata Property podcast.

 

If you enjoyed today’s podcast, don’t forget to subscribe, rate, and share the show! There’s more to come, so we hope to have you along with us on this journey!

See omnystudio.com/listener for privacy information.

A lot of first home buyers enter the market without knowledge of best practices, what to do first and how to do it properly. 

Today, we’re joined by two first home buyers who found their passion for property after buying their first properties. They share the lessons they learned, mistakes they’ve made along the way, and whether or not they’d do everything the same way all over again.

If you enjoy the show, do like, rate, subscribe, and share it with others! We have loads of resources available and if you’d like to chat, email us at [email protected]!

We are also holding a live Where to Buy Workshop - Investor Edition on Wednesday, Nov 24, 2021, 7-9PM AEDT (6-8PM Brisbane time)! If you want to join us, check out the link here!

Let’s dive in!

 

Episode Highlights:

1. The Cliff House concept [04:49]
2. Where are Joe & Jef currently at in their property journey [05:49]
3. Why they created AUS Property Investors [08:27]
4. Joe’s first property (and why he purchased it) [10:09]
• One big mistake he made as a first home buyer [12:41]
• The mistake of focusing on cash flow [18:13]
5. Jef’s first property buying experience [19:33]
• Working with buyers agents [25:57]  
• The opportunity cost of owning an unfavourable asset [32:02] 
• What held him back from buying property after property [34:52]
6. When Joe realised he made a huge mistake [39:32] 
• Did it prevent him from other investment opportunities? [41:35] 
7. Joe’s tips for a more stress-free property journey [42:03]
8. Does location play a part in capital growth? [47:03]
9. Jef’s second property and how he approached it differently [51:28]
10. It’s all about the asset [56:23]

 

Link/s from the Show:

• Connect with AUS Property Investors on Facebook

 

If you enjoyed today’s podcast, don’t forget to subscribe, rate, and share the show! There’s more to come, so we hope to have you along with us on this journey!

See omnystudio.com/listener for privacy information.