Our take on current property investment news, developments and lifestyle in Australia
Some of our favourite Podcasts Episodes! Here are some My Millennial Property Podcast episodes I’d love you to have a listen to: Episode 325 – Emily and John’s Property Stories Episode 329 – Property Hotspots + Where should you buy? Episode 345 – Our Property Story: How we bought 3 properties + used the property […]
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Okay, RENTVESTING! Why would we do it? /What exactly is it? First of all rentvesting is renting where you want to live, and going investing somewhere else around the country. Now the old adage, rent money is dead money, well it’s true if you’re not putting it into an income-producing asset or using those funds […]
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So what is Lenders Mortgage Insurance (LMI)? And is it friend or is it foe? Now, Lenders Mortgage Insurance is basically a premium or an insurance policy that the banks make you take out on their behalf when you borrow over 80% of the property’s value. So it’s a premium that covers them as the […]
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Okay, here are some nasty habits that we need to avoid when applying for a loan – even if you’re six months, twelve months, eighteen months, away from getting yourself a loan, make sure you get these practices right now. Don’t change your job First one, is don’t go and change jobs or go into […]
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So, let’s talk about our 40’s! What should you be doing to prepare? Don’t underestimate the power of this decade – you’ve still time and you’ve still got a lot of living to do! 1. Define where you’re at This one can be a little confronting, but it’s necessary. Depending on where you’re at now […]
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In case you missed it, or you want to re-watch in your own time, here is the recording of last weeks Webinar – 2022 and Beyond: Where is it headed?Here’s what I discussed; Interest Rates Property Markets Assets to steer clear of How to use a Buyer’s Agent How to find the best property […]
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Finding your own property is quite a simple task, right? Jump on Domain or Realstate.com.au and see what fits your price point, basically the amount the banks will lend to you. Then you just submit an offer similar to what the vendor is asking, the offer is then accepted, your Conveyancer ensures everything is in […]
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I did a video and article a little while ago on understanding how to buy a house from start to finish. Today I wanted to do a little bit of an offshoot and really drill down on the importance of understanding your numbers, so that when you’re buying a property and it’s for an investment, […]
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Alright, been getting a lot of questions lately around equity. What is it, how can I use it, etc. etc. Let’s break it all down. First of all, what is equity? So we’ve got an asset, let’s say it’s our own home that we live in, that has a value of $500,000. We can use […]
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Parental guarantees. What are they? Why would we use one? What are the pros and cons? What are the risks associated? So let’s look at it. Basically, what is it? It’s a parental Guarantee forming additional security over the home that you’re about to purchase, so, Mum or Dad or both, will offer their home […]
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So, I wanted to talk to you today about the difference between a fixed and variable loan and why we would make a choice on one or the other. So a fixed loan means that I might fix it in for a period of time on my home loan, 4%, it might be fixed for […]
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Hi everyone, today I wanted to talk to you about what to do in your 30s. Now I’m using this phase or I’m calling this phase the ‘keeping up with the Joneses’ phase. I think we come out of our 20’s really cash-heavy or not, we may have started investing or not, we may have […]
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Okay, off the plan apartments good bad or ugly? Let’s talk about it today and the factors to consider, before you pull the trigger on such a purchase. So, number one is finance. You’re committing to and signing off on a purchase for that apartment long before you’ve got finance approval. Because it’s not built […]
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Okay, do we need a Property Manger or can we manage that ourselves? Pretty firm on my opinion on this. I use a property manger 100% of the time and I’ll give you some reasons why. Number one, it’s their expertise. They’ve been doing it for years hopefully, so they know what they’re doing much […]
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Okay, so we get a lot of questions that come in saying “How can I help my kids financially?”. Well the easy option is to hand them $50,000, give them a house deposit, you’re on your way, wrong. I don’t think that’s the answer for long-term wealth, the answer is educate your kids, have a […]
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So, you’re about to buy your next property or indeed your first one. It’s an exciting time, what insurances do you need to have in place before the dust settles on that property. Right, how do they benefit you is the most important part of that. So you definitely need landlords insurance and you definitely […]
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OK, so interest only versus principal and interest, which one do I choose, let’s nut this out. Six factors that we need to take into account. Interest Rate. Next Play. Is it an investment property? What is your age? What’s your cash flow? And do we have a mortgage on our own property is the […]
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So I find two things stop people from buying property. One is lack of cash or deposit and two is their risk profile around stepping outside and making that transaction. So I wanted to chat to you today about borrowing capacity or having the ability to look appealing to the banks so that they’ll lend […]
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Okay one bank, remain loyal or go to a mortgage broker and look across 20, 30, 40 different lenders. Right 20-30 years ago absolutely it was sit down have a coffee with your branch manager and feel nice and fuzzy and warm and and renew your loan with them, or get extra money out or […]
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New build versus existing, which one is right for you? Obviously it all depends on the strategy, it might be different every time we go and purchase as an investor. Let’s look at, first of all the new build, number one is lower stamp duty costs so you’re able to get into the purchase at […]
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Okay so it’s time to review your home loan, now I believe we should be doing this every 12 months regardless of the current conditions right now. As you all know we are experiencing record low interest rates at present but I’ve got good news that there’s going to be a further two rate cuts […]
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So, the burning question on a lot of investors lips, is which market do I buy in, and at what time in that cycle, right. Now I wanted to show you today the Property Clock and how it works. Very easy to draw and understand, but very hard to predict. Okay, so twelve o’clock traditionally […]
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Tips for buying interstate. Very much a mindset thing, isn’t it, most common for us as investors or owner/occupiers is to buy locally and it’s safe and it’s comfortable and we know the area because we’ve grown up in it but buying elsewhere away from where we live is a bit of a daunting task […]
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Okay, so Cath’s got a great question for us today. What exactly is Stamp Duty, why do I have to pay it, how can I work it out? So she’s buying a $650,000 property, it really depends on what State that you’re purchasing that property in. Every State has their own rules and regulations and […]
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