In this week’s Ep#80, Dave, Cate and Pete take you through:
- Walking down memory lane. From the beginning of the podcast journey in March 2019 to now, much has changed in the world of property. The Property Planner, Buyer and Professor discuss the early days of podcast recording and how the podcast and listenership has evolved since then.
- Our top 10 episodes, as rated by you!The results are in! After two years of podcast recording, the trio share with you our top 10 episodes with the most listens and the insights gleaned from each.
- Dave, Cate and Pete’s favourite episodes. The Property Planner, Buyer and Professor take you through three of their most favourite episodes to date and why they’re worth a re-listen. The trio each acknowledge that they too are constantly learning from each other.
- The Property Planner, Buyer and Professor’s hottest property tips. The trio share their best tips and learnings after decades of experience in the property industry. Their tips include: attitude to taking action, expecting perfection, how to manage property investing on top of a full-time job, how often you should buy property and combining finances with your partner. Don’t miss out on these tips!
- A big thank you to our listeners. The trio share the wonderful feedback received over the journey from our listeners. We couldn’t have done it without you! We have some surprise listener engagement in store too.
- And of course, our ‘gold nuggets’
David Johnston- The Property Planner’s Golden nugget:
- Buy as soon and as often as you can afford to, whilst having your long-term home in mind so you don’t derail it and have to sell.
- Focus on where you would like to live long term, if your goal is to get married and have a family, it is likely you will, so think about where that would be in an ideal world and ensure each property decision is working towards that as this is a major cause of many people selling assets.
- Have a money management system, when your salary increases do not increase your expenditure by as much, when you get a long-term partner and combine spending, be sure you have already been discussing and educating on the system, re-visit it each time you take on a new mortgage or have a child or some other major change.
- Have a mortgage strategy that aligns with your long-term property planning so you can optimise buying and holding property so you don’t have to sell.
- Analyze what drives outperformance from a location and asset performance perspective – it’s not rocket science, if you get it 80% right, you’ve probably done well.
Cate Bakos – The Property Buyer’s Golden nugget: our attitude to taking action. You want to be somewhere in the middle you don’t want to be jumping in with limited planning and you don’t want to be a perfectionist either, spending years finessing but not actually taking action. Property is never perfect, you have to get in and get the property that is right for you. You want to get it reasonably right, but you don’t want to get it horribly wrong. Do your research, listen to the experts, plan when you’re going to be making your move and plan to take action. Don’t go shopping until finance is sorted.
Peter Koulizos – The Property Professor’s Golden nugget: if it was easy, everyone would be doing it. Property investing does require time, effort and research. You don’t need to be an expert though. If you have a full-time job, but you still want to invest in property, you have to find the time, it needs to be a priority.