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Episode 022 | Q&A – Building & Pest Inspection, Rentvesting and Next Wage Growth Hotspot

Its Questions and Answers time! Thanks for all the suggestions on new topics to cover in this podcast. For today’s episode, Bryce Holdaway and Ben Kingsley will be addressing questions from:

  • Building and Pest Inspection question from Mark : How do I find a good quality building and pest inspector and with the property market being so hot with auctions at the moment, how do I ensure I don’t burn through my deposit money when constantly missing out at auctions?  I could end up wasting thousands on inspections until I actually win at auction! Should I try doing it myself and find a friend or family member with some building knowledge or use one of the smartphone apps?
  • Rentvesting question from Ryan : What are your thoughts on the property investor him or herself to buy and live in their own PPR or to rent? Obviously both have advantages, a place to call home or the ability to keep investing with out loosing potential borrowing capacity.
  • Next Wage Growth Hotspot from David : As mentioned on previous podcasts, investors will want to avoid “glass ceilings” in terms of capped wage growth in certain areas.  Given the changing Australian economy (more knowledge-based), are there particular areas of Australia in which you expect to see wage growth occurring?

 

If you would like to access The Property Couch’s media kit, please email us here: info@thepropertycouch.com.au.

 

Resources mentioned in this podcast:

 

If you like this Q&A episode, don’t forget to rate us at our iTunes channel (The Property Couch Podcast) and our Facebook page. If you have any questions or ideas, feel free to drop us your thoughts here: http://tpcaustralia.wpengine.com/topics/

When to Conduct a Building and Pest Inspection?

 

In Episode 22 of this podcast, Bryce and Ben answers some of our listeners’ questions. One of the question is on Building and Pest Inspection; when do you conduct one and how do you make sure you don’t spend all your deposits on these inspections without actually securing the property. At the end of the day, we believe that it is mandatory to have a building and pest inspection done before you sign on the dotted lines because you don’t want to be buying the wrong asset. But the key thing here is to time it well. Bryce Holdaway explains more.

 

 

Bryce Holdaway - Quote of the Day - The Property CouchBryce Holdaway – Partner, Property Advisor & Buyers Agent

As co-host of The Property Couch, Bryce Holdaway is also a partner at Empower Wealth and Co-Host of Relocation Relocation Australia and Location Location Location Australia on Foxtel’s Lifestyle Channel. A qualified Buyers Agent and Financial Planner, Bryce holds a Bachelor of Commerce (Accounting), Real Estate Agent License and Diploma in Financial Services (Financial Planning).

 

Episode 020 | Science of Asset Selection – The Buyer’s Decision Quadrant

There are many factors at play when looking for an investment property, but did you know there’s actually a science behind selecting assets Ep 20 - science of asset selection Buyers Decision Quadrant 2

Yep that’s right folks! This science is called: The Buyers Decision Quadrant  

It’s made up of… 

  1. Price
  2. Location  
  3. Land proportion  
  4. Quality of Dwelling 

We’ll explain what each one means, and while the concept is quite simple, the real achievement is understanding which part of the quadrant you are willing to compromise on and which is non-negotiable.  

We’re also looking at some great case studies (one of which was a fictional case study…until this case study rang up Bryce to share her almost exact financial and personal story!!)… 

And comparing 1970s and 1990s apartments, and which one has fared better over time!  

Folks, it is rare for an investment property to tick all the boxes, and most of the time, you will need to journey through the Buyers Decision Quadrant to make the right decision for you!  

So keep this episode on repeat ‘cos we think this one will help with making those hard decisions again and again!  

 

Also, The Property Couch is hoping to get nominated for the Investor’s Choice Award 2015 for the category: Property Educator/Mentor. We would like to spread the word out on the podcast so that we can help more people avoid making bad investment choices and avoid buying the wrong asset. So if you think we are doing a good job, please do nominate us here.

Our details for nomination:InvestorChoiceAwards

Name of the Organisation: The Property Couch
Name of the Person you deal with: Bryce Holdaway and Ben Kingsley
Suburb: North Melbourne
State: VIC
Phone number: 03 9326 8900
Email address: info@thepropertycouch.com.au

 

Free Stuff Mentioned:  

  • Just starting your property investing journey? Check out our FREE Binge Guide to the Foundations of Property, Finance and Money Management, which show you which episodes you need to understand the basics! Or fill in the form below and we’ll email it to you right away.  

    • Are you also interested to have a better understanding of your cashflow position via our FREE Money SMARTS Platform?
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  • Check out Bryce’s article “Earn $2500 A Week at Retirement” which was featured in Money Magazine.  

 

Here’s some of the gold we cover…

  • 2:08 – What is the Buyers Decision Quadrant? 
  • 3:00 – Quadrant #1  
  • 5:25 – Quadrant #2  
  • 6:17 – How THIS can make up for the selecting the wrong property  
  • 9:25 – Listen to this cookbook analogy (Pure gold!) 
  • 11:50 – How Bryce’s fictional case study became non-fiction  
  • 13:53 – Quadrant #3  
  • 15:04 – Quadrant #4  
  • 15:22 – A real example: Family with 2 young kids   
  • 16:22 – The future of the Australian property market! 
  • 17:07 – Ask yourselves these questions before buying… 
  • 18:50 – Do you want to be an active or passive investor?  
  • 20:06 – Comparing 1970s and 1990s apartments  
  • 23:45 – If you’re checking out our podcast on our website…  

 

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