Banks – can’t live with them, can’t live without them! Did you know that lenders limit the amount they will lend against certain properties and they reject some outright as security for a mortgage? Do you know which ones and why? In episode 15, the Property Planner, Buyer and Professor dissect “Why you must keep clear from the properties banks don’t like.” If we all accept that banks want to make money - we can understand that there is method to their madness.
Weekend excursions, reconnaissance missions and scoping out an area. While you may not be a secret government agent, you are on the property hunt, looking to make your next big decision. And did we mention you also need to be a time-traveller? Analysing data to ascertain historical outcomes and looking forward to determine future expectations. Understanding the key data based fundamentals of a location is part and parcel to making a successful property decision. In episode 14, the Property Planner, Buyer and Professor dissect “If you’re going to invest in a new area, what in particular are you looking for” Listen to David Johnston, Cate Bakos and Peter Koulizos, as they take you through the critical considerations when choosing a location for investment.
The type of property that suits your current needs, will not necessarily meet your long-term needs. Beware of middle-aged children, pregnant women and dads at an auction or during property negotiation! They have a time deadline and the purchase price is less important. Where you are competing to purchase a property and you are up against people who are motivated by time – instead of money – the price tag can quickly fly out of reach. In episode 13, the Property Planner, Buyer and Professor dissect “How age and stage of life can impact your property plan and selection” Listen to David Johnston, Cate Bakos and Peter Koulizos as they take you through the critical considerations and how they change throughout your life’s journey.
Property Cycle Management – why now is always the best time to buy if it suits your personal economy and you have a long-term property plan (Ep. 12)
The media hype around timing the property market can lead to indecisions and paralysis by analysis that can be the huge killer of wealth creation. You may ask yourself what if property prices fall? Do you ask yourself what if they keep going up? In our 12th episode, the Property Planner, Buyer and Professor dissect “Property cycle management – why now is always the best time to buy if it suits your personal economy and you have a long-term property plan.” Listen to David Johnston, Cate Bakos and Peter Koulizos as they take you through market cycles, the catalysts behind market movements and how to deal with a downturn.
Everywhere you go, new townhouses and apartments are springing up in droves. Does that mean you should be getting in on the action and become a small-time developer? In our 11th episode, the Property Planner, Buyer and Professor dissect “Small time development – how it can work for you, but is it a risk worth taking?” Listen to David Johnston, Cate Bakos and Peter Koulizos as they take you through where to begin if you’re interested in property development, the inherent risks and of course, setting your strategy before going on the hunt for a viable site.
Most borrowers would understand that getting a low interest rate can save you hundreds of thousands of dollars over your lifetime. What is not understood is how an effective mortgage strategy can actually make you hundreds of thousands of dollars over the same period. Borrowers don’t need to consult an expert to find a low rate. The only skill required is being able to use a search engine. On the other hand, understanding how an effective mortgage strategy can create wealth is complex and not understood by most lending professionals, let alone consumers.
In our video series Mortgage Strategy 101 Ep. #10 David shares with you how you can manage your financial risk by putting in place a simple money management strategy. When it comes to stress, our finances are usually at the top of the ‘worry pile’, if not the King of the Mountain!
How do you frame risk when it making property, mortgage and money decisions? What risk management strategies do you have in place within your property plan, mortgage and property selection strategies to minimise your downside while optimising the upside? It can be a tricky balancing act. In our 10th episode, the Property Planner, Buyer and Professor dissect “Why your approach and assessment of risk is paramount to property success”, and if done poorly, how it can lead you up the garden path! Join Peter Koulizos (Property Professor), Cate Bakos (Property Buyer) and David Johnston (Property Planner), as they take you through all the different ways to look at, consider, and manage risk when making property, mortgage, money and lifestyle decisions before your next purchase and the critical mistakes to avoid.
Do you have a mortgage strategy for your largest expense in your lifetime – or have you focused on a short-term win – your interest rate? What if I told you that you can have the best of both worlds, a great mortgage strategy AND interest rate! In our 9th episode, the Property Planner, Buyer and Professor dissect “Why your mortgage strategy is more important than your interest rate”. This isn’t simply about paying down your mortgage faster. Everyone understands that! Listen to David Johnston, Cate Bakos and Peter Koulizos as they take you through the key mortgage strategies that the mortgage industry neglects, resulting in a lack of awareness for consumers, and the critical mistakes to avoid.
In our video series Mortgage Strategy 101 Ep. #9 David shares with you how to maximise your tax deductions and save money by paying for tax deductible expenses out of a redraw facility on your investment loan as opposed to spending savings from your Grow offset account as this is reducing your home loan interest which is non-deductible.