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As the RBA has slashed the official cash rate, we have seen interest rates fall by 0.5% in just a 2 month window of time, causing everyone to ask the question, how strong will property grow on this cycle? Will the growth be moderate or will it boom again? Today let's explore these factors:
When we look at buying property, we always want to have the best timing of buying in at the lowest point in a market cycle and when we want to sell, aiming for the highest time in the future cycles. The lowest point in the Melbourne property cycle is now behind us. In the middle of winter, the signal came to buy property Now!
When purchasing property there are a few calculations that the lenders abbreviate and both the LVR and LMI are two of the most common ones. Often when I have spoken to people, they may have an idea on them but don’t actually realise the full meaning and how they are best used when it comes to property.
We have a distinct new phase in the property sector, one without parallels and without the fanfare! Since the smooth transition from the Federal Election we have seen two other key elements have impact on the property market. The lesser of these was the RBA interest rate cut, the other has far more long-term benefit but has hardly been mentioned. This is the APRA set levels for serviceability assessment and the banks own safe lending assessments. These appear to be a return to commonsense.
In this upcoming Federal Election, the Labor Party have put Negative Gearing as their major policy they will introduce should they gain Government. This policy had remained the same for almost 15 months, but are we now seeing signs that it may have only been appropriate to a small window of time in our property history and that time has now passed.
Property prices at present are very patchy, with some areas and price ranges lower, then others are still increasing in the Melbourne Metro region, now, today............ yes even in this current market. Why you may ask, well lets start with a firm understanding of how we truly examine and verify a real estate price in ANY marketplace.
The REIV, RPdata, PriceFinder and around eight other statistics groups never seem to form alignment on the actual activity in the marketplace. One key stat that is highlighted is the Rental Growth in Melbourne which has been staggering in the last quarter of 2018. The average rental for Houses moved from $420 pw and increased to $440 pw which is a 4.7% increase within a single quarter. This has to classified as staggering in anyone's language and appears to be overshadowed by other media focus.
The old saying of what is a property worth? “What someone is prepared to pay for it” may not exactly hold true in the current marketplace. What it’s worth may not be what a purchaser can borrower at present. Let’s examine this in more detail today.
In many countries around the world over 80% of purchases are completed by using a Buyer’s Agent. In Australia we are for once a very late adopter, well that is until 2019. This year it’s predicted the engagement of Buyer’s Agents or Buyers or Buyers Advocates as they are also known will increase substantially and for very good reason. So today I will examine why.
One of Australia's fastest growing trends in Property is to use a Buyers Agent when purchasing. So why is happening and what does a Buyers Agent provide?
Often we want to set ourselves up for life, but we may be not sure how to do it?
Property Investors have always fallen into a common mistake. So often they ask the question:
It is so important that when we think we're comparing Apples with Apples we really are doing just this. This is where the Median House or Unit Prices can really confuse people that accept what a media reporter who is uneducated in Property tells them in an article or post. A Median Price is only an activity indicator! Won't that surprise many of the people that are posting about our Real Estate industry.
Our new Webinar releases have commenced!
Today, the world of Property Investing has changed enormously, with new lending structures and criteria imposed, new depreciation laws, property options have vastly changed forever and we are now post boom in some locations with others still growing & a number that could still grow very strongly. Rental demand has changed, locations, property type and how you set up with your first investment property has NEVER been more important than today.
Property is an interesting investment vehicle, it can work to virtually any strategy, reach goals and deliver financial freedom when worked the right way.
Upon attending the select extended Real Estate & Mortgage Brokers financial year briefing there was plenty to be learnt about today's market, trends and the right positioning for property investors. Some factors will have considerable impact on how investors need to prepare in the property market and it's best to know this information before stepping forward or planning your next move.
We will be holding a Seminar night @ Mornington on Tuesday the 19th of June to provide insight into the 3 best kept secret investment properties in Australia..
Median House or Unit price indicators are one method of following growth in property. In reality it only shows activity and not a true growth pattern.
We find people think they know the current depreciation tax laws, but most receive one massive shock! Depreciation legislation for tax benefits has changed significantly and the difference between buying the right property and the wrong property could see you have more than $100,000 in cashflow difference over the ownership period.
There is a range of smarter property options for the astute property investor today, but which is right for you?
I’m walking 35 kilometres in The Bloody Long Walk. That’s 46,200 steps in one day!
Your age will make buying your first property either easier or potentially considerably harder!
26 April 2018
Our services have remained mostly the same since 1990. Our re-brand is to represent the upgrade in the services we now offer being "BUY BUILD INVEST"
We have seen some explosive cases presented to the banking royal commission and it is disappointing to think some Australian's have been treated this way. This is the key reason why we have always liaised with proven experienced finance brokers and only independent firms who provide clients the best advice, whether this means they don't do or if its better for the client to not do business with the given client. A "Client First" philosophy has been a cornerstone of our business and as such we would love to see this approach adopted across all areas where Australian's may look to invest for their future. Our portion of when people are considering investing is just property and we do not provide any financial advice but we can suggest a number of professionals in their given fields who also hold the "Client First" philosophy.
When we are young we think we have all the time in the world ..............unfortunately time doesn't stand still. In reality our clocks are ticking, and life seems to move faster the older you get. Most of us focus on our Goals & Objectives, with the main one being to retire one day, we normally would prefer this sooner than later.
A home loan is something we find too many people just allow to roll along with them throughout their lives without understanding how much this could be costing them.
Today we are once again living in a time when people want to "Get Rich Quick" which can often do more harm than good. High, fast rewards comes with high risk. A balanced more steady & planned longer term strategy that still allows for other moderate endulgences along the way has been the proven formula for hundreds of thousands to achieve long term success when investing.
Have you heard people talking about Dual Occupancies as the best method for achieving the best cashflow on an investment property?
If you are in Victoria, you may be wondering are they really as good as the talk?
The Australian Government has announced as part of the Smart Cities Grants a $28.5 million initiative and Geelong is the latest city to be awarded a technology grant to “switch on” the city.Geelong’s Smart Technology Project has been announced as one of 52 successful projects under round one of the government’s inaugural Smart Cities and Suburbs Program. Under the program, funding will flow to communities across Australia, with 40 per cent of successful projects located in regional areas such as Geelong, Darwin and North Lakes.
Once again we have enjoyed the Melbourne Cup run on the first Tuesday in November, the nation has stopped, the race has been run. This year as each and every year, there are tails of massive winnings, instant riches and glory being celebrated. One such story was the TAB promotion, where a $5 bet ended up with a person winning a Million Dollars by end of the Cup! It's a wonderful story on the surface but today lets look at this a touch deeper.
In an instant world, an instant millionaire was produced on Cup Day from a gambling promotion, but lets have a real look behind the curtain and see what Owners of Successful Horses have in common along with Property Investors....... they all own substantial amounts of their wealth in property. To be able to afford a flutter they all have solid secure, growing assets that provide reliable and consistent returns. Yes some have started with the massive benefit of family money to give them a leap frog over most but they are very solidly invested in property this we can be assured of as fact.
Australian's are a relaxed character of people as we all know that but are we becoming too blase' when it comes to our property?
As it is just about the best time of the year to be in Toowoomba, enjoying the Spring Flower Carnival and last Saturdays wonderful parade, we are extending the opportunity to meet up for a coffee and chat about property. We cover all aspects of property from assisting First Home Buyer, Property Investors either commencing or building their portfolio to Renting Investors and even Buyers Advocates........we can help anyone with property! Tuesday 19th - Appointments and Coffee Meetings booking fast Wednesday 20th - Free for appointments after 4pm onwards at this time, just call to book - Martin Wyatt M: 0407 500 158 Thursday 21 st - A range of open spots, so great time to catch up for a coffee & chat. Friday 22nd - We can even arrange time today at one of the many Accountants offices we work with in Toowoomba. So if you would like to meet with Martin Wyatt & benefit from his 27 years of knowledge and experience feel free to call Martin on mobile M: 0407 500 158 or drop him an email at Martin@BWWP.com.au
If you still think property investment means pulling a house off the shelf and popping a tenant in, it’s time to think again.
Are you working hard and only seeing the growing equity in your property and a token gesture into superannuation as your idea of building wealth. Are you sitting on Equity and not utilising it for investment for your own future?
When Albert Einstein created his ground-breaking theory of relativity, he would hardly have been thinking about real estate.
Today at 2pm we have drawn our winner of our competition of a "Chance to Win $150,000 Towards an Investment Property" and if I can have a drum roll please ...................... the lucky person drawn from all our entries is Sarah O'Connor! We'll be in contact with Sarah shortly.
Financial advisers and accountants would agree, staying up to date with investment property trends, best locations and the latest property styles that deliver the highest returns can be time consuming.
When it comes to selecting a property investment specialist, they’re not all created equal.
As the value of your home increases, so does the amount of equity it holds.
Maybe you’ve invested once and had your fingers burned. Or you’ve read so many scare stories about property investment that you’re wary of trying.
Everyone’s talking about housing affordability these days – from federal and state Governments to banks, lenders and international research bodies.
The key to smart property investing lies in identifying prime locations – those offering the best combination of tenant demand, serviceability and growth.
You don’t have to be rich to finance a property portfolio – you just need to be smart.
If you still think property investment means pulling a house off the shelf and popping a tenant in, it’s time to think again.
You’ve probably heard of a smart canny investor who snapped up a bargain property before it hit the market.
Bankwest has announced it is removing the tax benefits of negative gearing when calculating loan serviceability.
Plenty of people will tell you what you shouldn’t be doing with your money. And sometimes it feels as if every money-making alley is a blind one.
In the debate about the merits of negative gearing in Australia, plenty of questions demand answers.
When talking about different aspects of property investment, we tend to forget one of the most important – you! What makes you tick?
With too many investors chasing a glut of city apartments this year, the real hero of the 2016 property investment market has gone largely unsung.
Location, location, location. It’s the real estate mantra at the core of every Australian investment property hunt.
Get your property investment right and you set yourself up with an income for life, as well as valuable assets to pass on to your children.
When choosing a house to live in, the only person you really need to satisfy is yourself.
With living costs increasing and interest rates at an all-time low, saving for your future can be hard work.
With the Aussie dream of home ownership in steady decline, Australia’s housing landscape is changing.
With changes to the asset test hitting 330,000 Australian pensioners from 1 January 2017, there’s never been a better time to consider alternative forms of retirement income.
Dual Income Property is taking property investment to the next level in 2017. So why have you heard so little about it?
At Build Wealth With Property, property investment is not just our business. It's our way of life!
Successful property investment is never left to chance. Strategy, specialist knowledge and meticulous planning are needed to get you to the next level.
It’s notoriously hard to predict the ups, downs and side-shuffles of the Australian property market from year to year.
Remember the first rule of Fight Club? There is no Fight Club.
Offering a fully furnished rental property can be a great way to attract tenants, optimise tax benefits and increase your rental yield.
Melbourne is set for a migration boom, with the population set to double by 2051 and tipped to hit 10 million by the 2050s according to new government figures reported by the ABC.
Investing in a residential property requires a long term commitment.
A deposit of 10 percent of the sale price is usually required at the time of entering into a contract to purchase a property.
When massive infrastructure expenditure is scheduled in any area, more non-government investment and more people usually follow.
If you regularly read the property news in the local press, you would be forgiven for thinking that the outlook for residential property investors is not all that positive.
The number of investors seeking to invest in dual income residential investment properties is now far greater than ever before.