Ep 168 - Host Special | Listener Q&A: How to buy your first investment property
The Elephant In The Room Property Podcast | Inside Australian Real Estate
Release Date: 03/21/2021
Ep 190 - Rebeka Morgan | Flipping & Renovating Properties
The Elephant In The Room Property Podcast | Inside Australian Real Estate
We talk to Rebeka Morgan, co-founder of BuildHer Collective and CEO of Beirin Projects which focuses on high-end renovation and construction in Melbourne’s inner North. Rebekah has over 14 years in construction management before becoming a developer herself and is passionate about sharing knowledge and experience.
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Ep 189 - Daniel Butkovich | Property Advice: Who do you Trust?
The Elephant In The Room Property Podcast | Inside Australian Real Estate
We are joined by Daniel Butkovich, Money & Advice Editor at Domain. He writes about buying, selling, renovating and investing in property. Whether you're just starting out or have owned property for a while. Daniel aims to inspire confidence in all life’s property decisions.
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Suburb Trends August 2021 | The Tightly Held Index
The Elephant In The Room Property Podcast | Inside Australian Real Estate
In this episode, we chat through our favourite new metric, the ‘tightly held index’. This metric quantifies the amount and type of property that are currently held long term including additional data points that maps out the possible reason for these properties being tightly held.
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Ep 188 - Rob Broadhead | Is your property fire safe?
The Elephant In The Room Property Podcast | Inside Australian Real Estate
We’ve invited Rob Broadhead, CEO of 2020 Fire Protection; member of NSW Govt’s Fire Safety Steering Committee and a Board Director of the Fire Protection Association of Australia. Rob has made massive contributions to Australian Standards and helped draft fire protection training for Strata and Facility Managers.
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Ep 187 - Jarrod McCabe | The Property Market After Lockdown
The Elephant In The Room Property Podcast | Inside Australian Real Estate
Jarrod McCabe discusses the aftermath of lockdowns. Jarrod is a buyers agent and director of Wakelin Property Advisory. Jarrod’s property career spans two decades covering valuations and investment advice and has played a critical role in adapting how he purchases property during a lockdown.
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Ep 186 - Jesse Davidson | Online Auctions
The Elephant In The Room Property Podcast | Inside Australian Real Estate
In this episode we discuss how properties are selling during the most recent lockdown. Today we have Jesse Davidson, the chief auctioneer and director at AuctionWorks. Just as home buyers and sellers have had to conform to the new normal, industry professionals adapt to restrictions and their customer’s needs.
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Ep 185 - Matt Knight | Are rural properties still a great opportunity
The Elephant In The Room Property Podcast | Inside Australian Real Estate
Matt Knight, prolific rural buyers agent of Precium breaks down the numbers and answers our regional based questions. Matt Knight made his own sea change 14 years ago, now has helped clients in a similar position to purchase their regional property, covering an area from Wollongong right down to Batemans Bay.
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Suburb Trends July 2021 | Best metrics to measure growth?
The Elephant In The Room Property Podcast | Inside Australian Real Estate
With capital growth being the most critical element of residential property’s value, how do you predict it? Moreso how can you measure it effectively and what data can you trust to make you a confident buyer in such an overwhelming time?
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Ep 184 - Listener Q&A | Low-income lending & ex-pat/foreign borrowing
The Elephant In The Room Property Podcast | Inside Australian Real Estate
We’ll be covering how to maximise borrowing on a low income, what agents mean by ‘expressions of interest”, borrowing from overseas, the research needed when buying your first investment property, dealing with “best and final offers” in a hot market and what due diligence do buyers agents do that regular buyer don’t?
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Ep 183 - Jeremy Sheppard | The Secret to Capital Growth
The Elephant In The Room Property Podcast | Inside Australian Real Estate
Jeremy Sheppard is the Head of Select Residential Property. Before joining SRP, Jeremy created a suburb scoring algorithm called the DSR (Demand to Supply Ratio). The DSR has been featured in Australian Property Investor magazine and Your Investment Property magazine.
info_outlineOne of our dedicated listeners Lily, asked six questions around buying her first investment property. The questions were so relevant and important they warranted their own entire episode. We discuss how to assess, prepare and act on buying your first investment property, what you should be buying and how to know if you’re ready.
Questions:
- Financially, what are some indicators you're ready to buy an investment property? (Eg is there a rule of thumb for how much of your place of residence you should pay off first? And does that count money in an offset account?)
- In terms of location - does the advantage of having local knowledge outweigh the risks of having all your eggs in one basket? (And if the advice is to diversify, does that mean look in a different suburb, or is it better to look in a completely different city? Diversifying makes sense in theory but buying in an unfamiliar city seems risky)
- Is there any guidance around the value of an investment compared to the value of your place of residence, assuming you can service repayments? (eg would it be weird to have an investment property worth more than your place of residence, assuming you are happy living in a modest home?)
- In terms of type of property, is it good to diversify from your first property or just to focus on a 'quality asset'? (Eg Our home is a townhouse - should we try hard to get a freestanding house for an investment property?)
- What are some tips and considerations for structuring mortgages? (Eg we make currently make minimum repayments and keep any extra in an offset, just in case we want to buy or rent elsewhere and keep our current place as an investment property. However, it's looking more likely that this will be our 'forever home' and future property purchases would be investments - or if we didn't want to live here we'd be happy to sell it, rather than rent it out - would that change the strategy?)
- What are the pros and cons of using the equity in your home as leverage?
RELEVANT EPISODES:
Episode 162 | Houses vs Apartments
Episode 161 | Listener Q&A: Building your own home, retiring on property & sustainable properties?
Episode 157 | 2021 predictions & 2020 review
HOST LINKS:
Looking for a Sydney Buyers Agent? www.gooddeeds.com.au
Work with Veronica: https://linktr.ee/veronicamorgan
Looking for a Mortgage Broker? www.wealthful.com.au
Work with Chris: [email protected]
Send in your questions to: [email protected]
EPISODE TRANSCRIPT:
Please note that this has been transcribed by half-human-half-robot, so brace yourself for typos and the odd bit of weirdness…
This episode was recorded in March, 2021.