The Bushfires, Davos and the World’s Largest Investment Funds – How the transition from fossil fuels will impact the economy and your property?
The Annual World Economic Forum (WEF) was held in the city of Davos in Switzerland last week. The Australian fires were a talking point, being in our fourth month of bushfires with over 18 million hectares burnt. This is greater than the size of Switzerland itself.
The lofty mission of the WEF is to ‘improve the state of the world’. It is telling that failure of climate change mitigation and adaption was ranked the number one risk, with biodiversity loss coming in second for the first time in the history of the event over multiple decades.
Nearly half of investors plan on buying property interstate next year: survey
A survey of property investors by PIPA has uncovered that nearly half of investors plan to buy a property interstate in the next year.
We’ve always said that your next property decision could be anywhere in Australia. Each time you purchase a property, you should aim to purchase the highest quality asset you possibly can and the location should be based on your goals and personal situation, rather than where you live or where a buyer’s agent is based. Or worse, where they are buying but not based!
Get rich quick schemes – #1 of the top 7 Critical Mistakes (Ep.31)
We all love the idea of a get rich quick scheme. Just imagine planting some money, growing it in abundance and next week you’re off on holiday… indefinitely.
Most of us understand that in reality, that’s not how things work.
In fact, get rich quick schemes are commonly a great way to lose your money.
In episode 31, we discuss “Get rich quick schemes”- #1 of the top 7 Critical Mistakes.
Listen as David Johnston, Cate Bakos and Peter Koulizos take you through the schemes to look out for, why higher returns demand higher risk and why if it sounds too good to be true, it probably is.
High-rise apartment prices lag houses by 50 per cent in some suburbs
Over the last 10 years, high-rise apartment prices in Melbourne and Sydney have underperformed houses by more than 50%, and if you have been listening to our education for the last 15 years, this would come as no surprise whatsoever!
Core logic data indicates that Melbourne’s high-rise apartment market is by far the worst of every other city in Australia. As we’ve been banging on about for years, high-rise apartments rarely make the grade as quality investments, if your goal is capital growth. Low land-to-asset-ratio’s is just one reason for this as we have opined in an article for Domain, in Podcast Ep#16 “unpacking land to asset ratio” and alongside property professionals CateBakos and Petewargent on landtoassetratio.com.au.
Novice investors being blindsided by spruikers
How do you recognise a con artist from a professional?
The property industry is unregulated, which gives ample opportunity for property spruikers to masquerade under the guise of being property investment experts. Property marketers have almost perfected this art, while actually receiving huge commissions for selling you a property.
For 15 and a half years and counting, we have been educating consumers to seek independent advice from trusted professionals. It may just save you from making the most expensive mistake of your life.
There is no such thing as a free lunch!
The Property Planner’s predictions for 2020
As we begin the journey of a new year, it is time to place our head on the proverbial chopping block and make a few predictions. As 2019 showed, with most pundits predicting a continuation of property values falling, this is a particularly risky exercise. But, what the heck, let’s give it a go anyway.
We outline our predictions for:
1. The capital cities.
2. When property values will reach record prices.
3. When growth rates will normalise and what will precipitate this happening.
4. How and why property data lags behind real-time events.
5. The supply and demand factors that will drive growth, and those which will apply the brakes.
6. How buyers should approach the current market.
7. The impact of APRA and the government, including policies they will implement to slow down the market and increase the supply of affordable housing.
8. And finally, what an ideal world ‘could’ look like in 2020 (versus our predicted outcomes).
So, come take a ride with us in our time machine as we explore what 2020 has to offer!
Money Management – 7 steps to success (Ep.30)
Money – it can be your best friend or your worst nightmare.
Being able to manage your money is not only vital to financial success, it is also critical to your mental well-being. Most research shows that concerns about money are in the top 1 or 2 stressors of our lives.
It only takes a few big bills to make you feel like your credit card or depleting savings is a runaway horse, threatening to buck you further away from your goals. But we aim to get you back in the driver’s seat and on track to achieving your ideal lifestyle.
In episode 30, we discuss “Money Management – 7 steps to success”.
Listen as David Johnston, Cate Bakos and Peter Koulizos take you through the 7 steps to implementing an effective money management system, the critical mistakes to avoid and how you can spend more money on what matters most to you.
Congenial negotiation tactics and how to apply them in the right situation (Ep.29)
So, you’ve found the property for you and now comes the negotiation battle.
Get ready and brace yourself! It may be time to put down your shield and sword.
Not all negotiations are adversarial back and forth matches of strikes and sneaky jabs. Sometimes the softer approach is the winning one.
In episode 29, we discuss “Congenial negotiation tactics and how to apply them in the right situation”.
Listen as David Johnston, Cate Bakos and Peter Koulizos take us through how to build trust with real estate agents and get on their good side, why adversarial negotiations are not always desirable and how you can cut the competition off at the knees.
2019, the year that was (and a sneak peek at 2020) (Ep.28)
Jump on the roller coaster as we take a look at 2019 in the rear view mirror.
If you look to your left you will see the Royal Commission into Banking coming to a close with a slap on the wrist for lenders. On the right we have the LNP with a surprise victory, taking out the election. Back to your left is APRA reducing the assessment rate and caps on lending and the RBA slashing rates.
Hold on to your hat’s ladies and gentlemen! We’ve hit the trough and started to climb.
In episode 28, we discuss “2019, the year that was (and a sneak peek at 2020)”.
Listen as David Johnston, Cate Bakos and Peter Koulizos take us through the events that shaped the property market as we shut the door on 2019 and some predictions of what’s in store for 2020.
How many properties do you need to retire wealthy? (Ep.27)
The magic number.
There are many voices and opinions which will tell you that you need to amass as much property as you can over your life time.
We’ll let you in on a secret – in the property game, it’s often the case that less is more!
In episode 27, we dissect “How many properties do you need to retire wealthy?”.
Listen as David Johnston, Cate Bakos and Peter Koulizos take you through why 2 to 5 properties is the optimal number for most Australians, why quality trumps quantity and the danger of taking the advice of property spruikers.
