Perth Property Insider Podcast

Today, I’m diving into Perth's property market, exploring what you can achieve with a $550,000 budget. We'll look at the past and present performance of houses and units, focusing on growth rates and rental yields to give you the facts you need for making wise investments.

With so much ongoing discussion about property, it can be tough to figure out what matters. We'll cut through that noise, giving you straightforward insights to guide both new buyers and seasoned investors that might be on a more limited budget but still want to benefit from the growth cycle ahead.

Let’s go inside.

Resource Links:

Episode Highlights:

Intro [00:00] Perth housing market growth potential, including units[04:48] Perth property market, with a focus on units being undervalued [09:53] Investing in units vs. houses, with a focus on cash-on-cash return and leverage [16:35] Buying a unit vs. house, with focus on growth and cash flow [20:51]

Thank you for tuning in! If you liked this episode, please don’t forget to subscribe, tune in, and share this podcast.

Connect with Perth Property Insider:

See omnystudio.com/listener for privacy information.

Today, I'm excited to have Michael Yardney of Metropole, one of Australia's top property investing experts back on the show to discuss what he sees for the next 10 years ahead. We are taking a deep dive into the 10 property forecasts and 10 things that will stay the same. 

There's a lot of continuous noise in the media, and it's hard to know what to pay attention to. Michael cuts through all this with his big-picture view of what we might expect over the next decade and helps prepare us with the investing psychology to win!

Let’s go inside.

Resource Links:

Episode Highlights:

Intro [00:00] Property market trends and demographic changes [03:00] Property Market Trends, High Demand and Limited Supply, Impact of population growth and Infrastructure Development. [09:28] Homeownership in Australia, Government Incentives, and Stamp Duty [15:27] Australian Property Market, including Government Policies and Investor Optimism [18:07] Property Investment Trends for the next decade [22:59] Housing Market Trends in Australia [28:05] Wealth Transfer, Aging Population, and Job Displacement [30:14] Demographic changes, Technology, and Property Market Trends [35:40] Property Market Trends and Investment Strategies in Australia [40:33]

Thank you for tuning in! If you liked this episode, please don’t forget to subscribe, tune in, and share this podcast.

Connect with Perth Property Insider:

See omnystudio.com/listener for privacy information.

In this episode, I am joined by Nick Aves from Purely Finance taking a Deep Dive into what is happening with finance and lending and how this is impacting our Perth property market.

We dissect the necessity for strategic planning, and having your financial house in order before you hit the ground running and how to enhance the strength and appeal of your offer to purchase. 

We tackle the potential pitfalls rooted in common misconceptions and delve into essential financial strategies for market success.

We also dive into some of the changes to lending policies and how they can help different buyers and what outlook Nick sees for the year ahead of us.

Let's go inside.

Resource Links:

Episode Highlights:

Intro [00:00] Real Estate Market Trends and Challenges for Buyers [3:19] Financing Options for Property Upgrades[9:26] Real Estate Financing and Pre-Approval Strategies [13:29] Investment Properties in Perth, Australia [18:24] Financial changes for Self-Employed individuals[23:43] Interest Rates, Lending policies, and Refinancing opportunities [27:51] Finance and Credit for Property Investors [33:49]

Thank you for tuning in! If you liked this episode, please don’t forget to subscribe, tune in, and share this podcast.

About the Guest:

Nick Aves, with over 30 years in finance and a successful stint in hospitality, is renowned for his leadership and expert advice in business finance. His achievements include receiving the PLAN Australia’s Sales Master Award and being listed among MPA's top 100 brokers in Australia. Nick is passionate about helping clients achieve financial success and enjoys sailing the Indian Ocean in his free time.

Connect with Nick:

Connect with Perth Property Insider:

See omnystudio.com/listener for privacy information.

In this throwback episode, I take a step back to look at what really matters in life. We all want to be happy and fulfilled, right? However, sometimes we chase after things that we think will make us happy, but instead they don't.

I've been on this journey myself, trying to figure out what it means to live a good life. Along the way, I've learned some important lessons. So today, I want to share my experiences with lifestyle design and the six essential human needs that must be met for real happiness and fulfillment.

It's not all about making money. There's a whole other aspect of life that needs our attention, and that's what I'm focusing on in this episode. As I've discovered, having all the money in the world doesn't necessarily mean you'll be happy or fulfilled.

Let’s go inside.

Resource Links:

Episode Highlights:

Intro [00:00] The Importance of Balancing Work and Personal Life [04:02] Designing a Fulfilling Life With Purpose and Direction[08:02] Fulfilling Human Needs Beyond Money [12:07] Personal Growth and Fulfillment Through Self-awareness [17:20]

Thank you for tuning in! If you liked this episode, please don’t forget to subscribe, tune in, and share this podcast.

Connect with Perth Property Insider:

See omnystudio.com/listener for privacy information.

In this episode, I dive into the inner hidden game of investing, inspired by insights from Morgan Housel's "The Psychology of Money." Reflecting on personal and professional experiences, I explore the unique games we play in the investment realm, emphasizing the pitfalls of comparing our financial journeys with others. 

Drawing on my 16-year career in real estate and 20 years of investing, I share lessons learned from the allure of appearing wealthy and keeping up with the Joneses versus the value of substantial assets that are hidden and not seen by anyone. 

Join me as we examine the impact of societal expectations, the significance of investment choices tailored to our individual goals, and the power of understanding the game you're playing in the pursuit of true wealth.

Let’s go inside.

Resource Links:

Episode Highlights:

Intro [00:00] Prioritising Spending and Appearances in Personal Finance [04:32] Property Investment and Financial Planning [08:35] Prioritising Fulfillment Over Material Possessions[12:23] Property Investing With a Focus on Long-term Goals[16:24]

Thank you for tuning in! If you liked this episode, please don’t forget to subscribe, tune in, and share this podcast.

Connect with Perth Property Insider:

See omnystudio.com/listener for privacy information.

Today, we're diving into a special Q&A session pulled from the conversations happening in our Perth Property Investment Facebook group. If you haven't joined us there yet, it's a great place to ask your questions and share insights with fellow property enthusiasts. 

In this episode, I'm tackling some of the most pressing questions you've asked, offering my insights and tips. We'll explore topics like the intricacies of property contracts, using equity to buy and when, buying with a $530k budget, should I sell up, and what affordable property options should I consider, aiming to shed light on the common themes that many of you are curious about.

Let's go inside.

Resource Links:

Episode Highlights:

Intro [00:00] Real Estate Investing Strategies and Market Analysis [05:00] Real Estate Growth in Perth With a Focus on Long-term Potential[09:12] Real Estate Investing in Perth, Australia[12:48] Investing in Apartments Vs. Houses in Perth [17:12]

Thank you for tuning in! If you liked this episode, please don’t forget to subscribe, tune in, and share this podcast.

Connect with Perth Property Insider:

See omnystudio.com/listener for privacy information.

In this special throwback episode, we're revisiting the discussion I had with OG investor Steve McKnight, the visionary author of “From 0 To 130 Properties In 3.5 Years.” I first encountered this transformative book at the age of 20, and it ignited a passion within me, setting me on the path of investment and personal growth.

Today, we're taking a trip down memory lane with Steve to discuss the incredible journey he's been on since the release of that pivotal book. We'll also dive into his latest work, “Money Magnet: How to Attract and Keep a Fortune That Counts,” which has resonated deeply with the core themes of our podcast.

Our conversation underscores a fundamental truth: the power of your mindset and internal compass is paramount, far outweighing the nuts and bolts of investment strategies.

Let’s go inside.

Resource Links:

Episode Highlights:

Intro [00:00] Property Investing and Financial Freedom[04:45] Parenting, Personal Growth, and Financial Stability[11:58] Investing and Wealth Growth Strategies[15:27] Investing Strategies and Risk Management[21:14] Wealth Management and Giving Back[23:54] Wealth Creation and Generosity[29:32] Teaching Kids About Money Management and Investing[35:21] Financial Freedom and Its Impact on Life [38:39] Money Mindset and Legacy With Author and Entrepreneur [43:25]

Thank you for tuning in! If you liked this episode, please don’t forget to subscribe, tune in, and share this podcast.

Connect with Perth Property Insider:

See omnystudio.com/listener for privacy information.

Today, we have Lacey Filipich from Money School joining us again, sharing her invaluable insights on not just managing, but truly enhancing our financial well-being. 

We're diving deep into the essentials of financial adulting, from the importance of superannuation checks to the intricacies of insurance and the critical necessity of a well-structured will. 

Lacey's knack for making these daunting or potentially boring tasks engaging is unmatched, and together, we're here to ensure you build a solid foundation to protect and grow your wealth while leaving a legacy in the right hands. 

Whether you are just starting out or you’re a seasoned investor, today's discussion is about empowering you to take control of some of the small details that can really matter.

Let’s go inside.

Resource Links:

Episode Highlights:

Intro [00:00] Superannuation and Insurance Fees and Comparisons[02:56] Insurance Types and Their Financial Impact [08:49] Life Insurance, Wills, and Estate Planning[13:54] Estate Planning, Wills, and Superannuation[18:32] Superannuation and Wills With a Personal Story[23:09] Outro [28:05]

Connect with Perth Property Insider:

See omnystudio.com/listener for privacy information.

Join me in today’s throwback episode as I chat with John Soforic, author of one of my favorite all time books, "The Wealthy Gardener." 

We dive into this must-read for property investors and anyone seeking a prosperous life. Blending eastern and western philosophies, John's book offers invaluable lessons on wealth and fulfillment. We'll explore key principles and why it's been transformative for me and countless others. 

Tune in for an inspiring discussion, filled with insights to enrich both your wallet and your life.

Let’s go inside.

Resource Links:

Episode Highlights:

Intro [00:00] Wealth Creation Through Storytelling and Parables [01:45] Creating Wealth Through a Sustainable Way of Life [07:03] Prioritizing Time for Personal Growth and Development [11:11] Daily Mental Practices and Luck[15:36] Wealth Seasons and Personal Growth [20:59] Sacrifice, Goals, and Personal Growth[24:50] Breaking Down Big Goals Into Small Daily Actions [29:21] Self-mastery, Discontentment, and Emotional Control [33:38] Saving and Financial Freedom [38:55] Retirement, Mentorship, and Selfless Service[45:56] Outro [48:13]

About the guest:

John Soforic is a real estate business owner and enjoys total financial freedom. He wrote The Wealthy Gardener: Lessons on Prosperity Between Father and Son to distill his wisdom on money and success for his son, who was entering adulthood. He has lived in Mount Pleasant, Pennsylvania, with his wife, Patti, for over 30 years.

You can place your pre-orders on his upcoming book here: https://wealthygardener.com/contact-us/.

Thank you for tuning in! If you liked this episode, please don’t forget to subscribe, tune in, and share this podcast.

Connect with Perth Property Insider:

See omnystudio.com/listener for privacy information.

Today, I am thrilled to have Lacey Filipich from Money School back on the show to dive deep into how to become time rich using her fabulous tool known as the Sh*t to Gold Ratio  

In this episode, we're not just talking about accumulating wealth for the sake of it. It's about gaining the ultimate luxury: the choice of how we spend our time and the best part is you don't need lots of money to start improving the quality of your life and adopting some of the time rich principles. 

We explore unconventional wisdom, from optimizing your day-to-day happiness. It's about choosing the life you want, filled with the 'gold' moments and minimizing the 'shit'. 

Whether you're looking for something to replace your new years resolutions, seeking motivation to realign your lifestyle goals, or just curious about becoming time rich, this podcast is your guide to making every moment count.

Let’s dive in. 

About the Guest:

Lacey Filipich, co-founder of Money School and a beacon in financial education, has transformed her early start in saving and investing into a mission to help others achieve financial independence and time richness. A chemical engineer turned financial guru, her journey through personal trials, including a career burnout and family tragedy, steered her towards a life less ordinary—achieving financial freedom by 31. Her work spans authoring a pivotal book with Penguin Random House, delivering a compelling TEDx talk, and contributing widely as a media commentator, encapsulating her dedication to empowering individuals to break free from the 9-5 cycle and embrace financial autonomy.

Connect with Lacey:

Resource Links:

Episode Highlights:

Intro [00:00] Prioritizing Daily Activities for Happiness and Fulfillment[02:10] Achieving Financial Independence and Time Richness [05:04] Prioritizing Tasks and Avoiding Overcommitting [07:40] Improving Productivity and Work-life Balance[09:42] Outro[13:21]

Thank you for tuning in! If you liked this episode, please don’t forget to subscribe, tune in, and share this podcast.

Connect with Perth Property Insider:

See omnystudio.com/listener for privacy information.

Today, we're joined by property management expert, Jewayne Loong to discuss  how to manage and mitigate your property investment risks. 

With over 15 years of experience, we've seen the importance of proper planning beyond the initial purchase focusing on tight management of the property, tenant, insurance, legalities, and contingencies to minimise the chances of a costly event occurring and ensuring it doesn't wipe you out.  

Many investors overlook these critical elements, risking their investments on unforeseen issues. Today, we'll share insights and strategies to protect your property investments, emphasizing the need for the right safeguards to prevent potential derailments. 

Let’s go inside.

Resource Links:

Episode Highlights:

Intro [00:00] Managing Older Properties and Minimizing Risk [04:40] Landlord Insurance, Compliance, and Lease Agreements [09:35] Property Management Strategies to Reduce Risks and Conflicts [13:54] Property investment in Perth, Australia [21:52] Outro[26:50]

Thank you for tuning in! If you liked this episode, please don’t forget to subscribe, tune in, and share this podcast.

Connect with Perth Property Insider:

See omnystudio.com/listener for privacy information.

Today, I'm thrilled to welcome back Ashwin Ramdas from Eventum Consulting Group, an expert in the realm of self-managed super funds (SMSFs). Our conversation today dives deep into the potential opportunity for property investment as well as the risks to consider as part of your overall plan.

This topic is timely and relevant; hardly a week goes by without someone asking me whether they should consider investing in property through their superannuation. Amidst a landscape cluttered with media hype and the persuasive tactics of spruikers, not to mention the complexity that some accountants seem to relish—possibly due to the fees it can generate—there's a clear need for straightforward information to get a feel for whether you should then seek specific advice. That's precisely why I've invited Ash to the show. 

Let’s go inside. 

Resource Links:

Episode Highlights:

Intro [00:00] Using Self-managed Super Funds for Property Investment [03:50] Self-managed Super Funds and Property Investment[09:09] Self-managed Superfund Investing in Property With Potential Risks and Opportunities [13:42] Investment Strategies and Risk Management [20:40] Self-managed Super Fund Requirements and Minimums [25:18] Superannuation and Retirement Planning in Australia[29:42] Self-managed Super Funds and Property Investment [34:00] Outro [35:19]

Thank you for tuning in! If you liked this episode, please don’t forget to subscribe, tune in, and share this podcast.

About the guest:

Ashwin Ramdas is the Owner and Managing Director of Eventum Consulting, a multidisciplinary firm in Como, Western Australia, founded in 2011 as a tax advisory business and now offering a comprehensive range of financial services including finance, succession planning, and tax support. With a keen passion for technology as a catalyst for sustainable business growth, Ashwin established InnovateHQ in 2016 to provide tailored technological solutions to clients, showcasing his commitment to innovation and client success.

Connect with Ashwin:

Connect with Perth Property Insider:

See omnystudio.com/listener for privacy information.

Today's episode is a deep dive into my Perth Property Market Update…. It's going to be a very interesting one! Having witnessed the market's evolution firsthand over 15 years as a real estate agent and 20 years as an investor, I'm thrilled to share my perspectives on why this is the hottest market I've ever seen in Perth. 

Join me as we explore the intricacies of both the sales and rental markets, dissect the driving factors behind this unprecedented growth opportunity ahead, and I'll even share my predictions for what's in store for the year ahead. 

Let’s go inside. 

Resource Links:

Episode Highlights:

Intro [00:00] Perth Sale Market Update[03:09] Perth Rental Market Update [06:09] Property Clock [07:51] Comparing with Other Capital Cities[11:03] The Economic Clock [14:10] Interest Rates Update[15:41] Finance & Lending Update [18:01] Inflation, Share Market & Economy [19:00] Population Growth [21:14] Actions to Consider [24:13] My Crystal Ball Predictions[25:43] Further Help From Us [26:36]

Thank you for tuning in! If you liked this episode, please don’t forget to subscribe, tune in, and share this podcast.

Connect with Perth Property Insider:

See omnystudio.com/listener for privacy information.

Today, I'm here to guide you through the often overlooked, yet crucial small steps that can significantly boost your investment returns. 

Using these tactics should not be confused with having an overarching strategic plan but when implemented together they can be incredibly powerful in helping you acheive more wealth sooner. 

This episode is packed with insights, even reminding me, an experienced investor, of valuable tactics to revisit for optimizing my portfolio. 

Join me as we explore these tactical tweaks that could be game-changers in your property investment journey in 2024.

Let’s go inside. 

Resource Links:

Episode Highlights:

Intro [00:00] Investment Strategies With a Focus on Loan-to-value Ratio [06:18] Finance Tactics for Property Investors [11:50] Real Estate Investing Strategies and Increasing Borrowing Capacity [16:40] Increasing Rents and Property Maintenance[21:37] Property Investment Strategies and Tactics [26:31] Suburb Selection for Real Estate Investment [31:40] Real Estate Negotiation Tactics [37:19] Property Investing Tactics for 2024[43:35] Outro [49:10]

Thank you for tuning in! If you liked this episode, please don’t forget to subscribe, tune in, and share this podcast.

Connect with Perth Property Insider:

See omnystudio.com/listener for privacy information.

In this episode, I'm here with our first Q&A session for 2024 and it's going to be an interesting one indeed!

I'll be addressing the questions posted by members of the Perth Property Investment Facebook Group. If you're not part of the group yet, you're welcome to join and participate in the discussions. 

I’m covering the following topics:

Let's go inside!

Resource Links:

Episode Highlights:

Intro [00:00] Investment Properties and Exit Strategies[05:17] Buying a Home in Eglinton, Amberton Beach Estate [10:20] Property Investment in Perth With a Focus on Candela and Girraween[15:43] Home Buying Options for a Family With Savings[21:08] Investment Property in Perth With a Focus on Affordability and Stability[25:39] Investment Property Strategies in Perth[30:39] Outro [37:34]

Thank you for tuning in! If you liked this episode, please don’t forget to subscribe, tune in, and share this podcast.

Connect with Perth Property Insider:

See omnystudio.com/listener for privacy information.

Today, I'm here to guide you through how to make the most of opportunities that 2024 offers. The beginning of the year is an ideal time to take control of your financial future with a strategic portfolio plan. 

Having a clear plan is crucial, encompassing both short-term and long-term goals to ensure your property investments are aligned with your broader life objectives.

Whether you're a first-time buyer, looking to upgrade your home, or considering investment properties, a well-crafted plan can assist you at every stage. 

It's about making informed choices and building a resilient financial future, all while aligning your investments with your personal goals.

Let’s go inside. 

Resource Links:

Episode Highlights:

Intro [00:00] Home Buying, Investing, and Retirement Planning [02:08] Creating a Strategic Portfolio Plan for Property Investments[06:07] Property Investment Strategies for Long-term Growth [08:28] Strategic Property Planning for Wealth Creation [12:03] Outro[15:25]

Thank you for tuning in! If you liked this episode, please don’t forget to subscribe, tune in, and share this podcast.

Connect with Perth Property Insider:

See omnystudio.com/listener for privacy information.

In this first episode of 2024, I get the chance to talk with Jackson Millan, The Wealth Coach, who shares valuable insights on achieving financial freedom. Raised by hard working parents who struggled financially, Jackson developed a deep understanding of the wealth gap. He advocates for a holistic approach to financial planning, emphasizing the importance of education and empowerment in managing personal finances.

Jackson introduces the '20 Year Roadmap,' a strategic framework that balances financial goals with lifestyle aspirations. He highlights the crucial role of mindset in financial success and encourages a diversified investment approach, focusing on businesses, property, and shares.

Additionally, Jackson discusses the challenges of generational wealth transfer, stressing the need to educate the next generation in responsible wealth stewardship. His approach to financial coaching centers on empowering individuals to take control of their financial futures through informed decision-making and strategic planning.

Let’s go inside!

About the Guest:

Jackson Millan, known as "The Wealth Mentor," is a dynamic figure in the financial advisory world. As the Co-Founder and CEO of Aureus Financial, he has dedicated his career since October 2017 to helping coaches, consultants, advisers, and agency owners in Sydney, Australia, scale their businesses for enhanced profit, freedom, and personal wealth. Under his leadership, Aureus Financial specializes in resolving cashflow challenges for service-based businesses, transforming business profits into personal wealth. Jackson's innovative approach focuses on a simple, sustainable, and scalable framework, guiding business owners towards financial freedom. His mission is to revolutionize wealth education in Australia, providing clients with a team of trusted professionals. Jackson's philosophy is grounded in three key principles: simplicity, sustainability, and scalability. His commitment is to empower individuals to take control of their wealth, creating meaningful change in their lives and the community.

Connect with Jackson Millan:

Resource Links:

Episode Highlights:

Intro [00:00] Financial Education and Wealth Gap [01:49] Goal Setting and Planning for Long-term Success [08:44] Balancing Wealth and Personal Life[12:08] Investment Strategies for Passive Income [17:17] Wealth Creation, Mindset, and Automation [19:28] Financial Freedom and Overcoming Biases [24:13] Financial Progress and Wealth Creation [26:54] Wealth, Family, and Passing on Values to the Next Generation [31:44] Wealth Coaching and Financial Planning [34:01] Outro [40:10]

Thank you for tuning in! If you liked this episode, please don’t forget to subscribe, tune in, and share this podcast.

Connect with Perth Property Insider:

See omnystudio.com/listener for privacy information.

In this special throwback episode for our summer series of best episodes, I'm excited to delve into why I believe local investors are often fashionably late to the party or choose to make an early exit with their Perth Property Investment. Brace yourself; it's going to be a captivating ride.

I'll start by dissecting the financing and activity levels in the past, both by homeowners and investors, to uncover how these factors have contributed to the highs in median house prices over the years. It's essential to understand the historical context to make sense of the current property landscape.

I'll then take a deep dive into how the trends of growth have played out over the last two decades, providing you with valuable insights into the cyclical nature of property markets.

Next on the agenda is an examination of the reasons why local investors are selling their properties. Are these reasons valid, or do they crumble under scrutiny? I'll hold them up to the light of reason and see what emerges.

Furthermore, I'll explore why there seems to be a surplus of local investors selling compared to those buying at the moment. Surprisingly, Western Australia, where I believe we have it quite good, presents unique advantages in this regard. I'll delve into these reasons and also shed light on the challenges other states are facing in the property market.

Let’s go inside.

Resource Links:

Episode Highlights:

Intro [00:00] Investor and Homebuyer Lending Activity in Perth[02:34] Real Estate Market Trends in Perth, Australia[09:43] WA's Rental Market and Reasons for Selling Properties[16:47] Government Policies Affecting Property Investors in Australia[21:29] Perth Property Market and Government Policies [27:58] Outro[33:33]

Thank you for tuning in! If you liked this episode, please don’t forget to subscribe, tune in, and share this podcast.

Connect with Perth Property Insider:

See omnystudio.com/listener for privacy information.

he knowledge to quickly and accurately determine a property's market value, which is crucial in swiftly securing properties in this competitive landscape.

I'm going to explore the nine key factors that significantly influence a property's price. Given the current influx of investors in Perth, understanding these factors is more important than ever. It's not just about the price tag; I also stress the importance of considering long-term factors like a property's saleability and rentability. This is vital for ensuring your investment remains valuable, even in a downturn, and helps in finding quality tenants.

Let’s go inside.

Resource Links:

Episode Highlights:

Intro [00:00] Property Size, Layout, and Location [03:55] Property Condition, Market Trends, and Pricing Strategies [08:08] Property Features and Their Impact on Value [12:12] Factors to Consider When Pricing a Property [16:27] 

Thank you for tuning in! If you liked this episode, please don’t forget to subscribe, tune in, and share this podcast.

Connect with Perth Property Insider:

See omnystudio.com/listener for privacy information.

In this throwback episode for our summer series we are revisiting our top 3 most listened to episodes for the year and this was not to be missed! I am joined by Grant Dusting from McCrindle, a social researcher and futurist, to explore the future of Perth and its potential impacts on property. 

We delve deep into predictions for population growth, housing trends, economic forecasts, and how these factors might influence the property market. Our discussion focuses on the types of properties that are likely to be in high demand, providing insights for property enthusiasts and investors. 

Tune in for an enlightening journey into what the future holds for Perth's real estate landscape.

Resource Links:

Episode Highlights:

Intro [00:00] Perth's Urban Sprawl and Livability Compared to Other Cities [03:22] Perth's Population Growth and Development [09:53] Population Growth and Its Impact on Perth's Infrastructure [15:41] Population Growth and Housing Demand in Australia [18:03] Population Growth, Cultural Diversity, and Aging Population in Perth, Australia[22:39] Changing Retirement Trends and Housing Preferences [27:58] Education and Economy in Western Australia [33:33] Perth's Infrastructure, Education, and Livability[35:46] Outro [41:02]

Thank you for tuning in! If you liked this episode, please don’t forget to subscribe, tune in, and share this podcast.

Connect with Perth Property Insider:

See omnystudio.com/listener for privacy information.

In today’s episode, I am excited to have leading property investment advisor and property market expert Michael Yardney from Metropole Property Strategists join me once again to take a look back on the year that was 2023 and what is ahead for 2024. 

As we reflect on the significant events of the past year, Michael will shed light on the implications and how the real estate landscape is changing. 

This discussion is not just about numbers and trends; it's about understanding how to make better property investment decisions as we approach 2024. 

We finish by talking about the big picture for how to live the life of a property millionaire and how executing the right plan can get you there.

Let’s dive in.

Resource Links:

Episode Highlights:

Intro [00:00] Housing Market Impact of Rising Interest Rates in Australia [04:06] Australia's Rental Crisis and Its Impact on Investors and Tenants [09:57] Property Market Trends in Australia, With a Focus on Perth and Brisbane [15:18] Australian Property Market Trends and Investment Strategies [20:12] Real Estate Investing in Australia, Focusing on Median Prices and Demographics [25:11] Property Investment Strategies and Endgame Planning[29:15] Property Investment Strategies and Goals [34:18] Outro[38:40]

Thank you for tuning in! If you liked this episode, please don’t forget to subscribe, tune in, and share this podcast.

About Michael Yardney

Michael Yardney, who has  been voted one of Australia’s top 50 influential thought leaders. While he is best known as a property expert, Michael is also Australia’s leading expert in the psychology of success and wealth creation and the author of 9 books including the international best seller Rich Habits, Poor Habits which has been translated into 5 languages.

He was once again voted Australia’s leading property investment advisor. His opinions are highly sought after and frequently quoted in the media.

Connect with Perth Property Insider:

See omnystudio.com/listener for privacy information.

Today, we're going to address some of the questions being asked on the Perth Property Investment Facebook group and I've got Jewayne Loong, who's our superstar property manager at Investors Edge, to come on the show and help me tackle these. 

If you're not already a part of the conversations, head over to Facebook, search for Perth Property Investment, and request to join. 

Here are some of the interesting questions we answer:

So, let's go inside

Resource Links:

Episode Highlights:

Intro [00:00] Perth Suburbs for Investment and Property Management [02:57] Challenges of Finding and Managing Quality Tenants [08:23] Buying Investment Property in Perth With a Buyer's Agent [13:31] Buyer's Agents, Property Selection, and Negotiation Strategies [19:01] Suburb Selection for Real Estate Investment [24:28] Using Parents' Equity for Investment Property [26:20] Property Investing Costs and Yields in Perth[31:35] Property Investment Strategies and Yields[37:27] Green Title Vs Strata Property in Perth, Australia[44:07] Outro[47:58]

About Our Guest:

After working for more than 10 years at Investors’ Edge Real Estate, Jewayne Loong has shown great passion for helping property investors improve their property returns. After three years as a Property Manager, he was promoted to Business Development Manager and shows excellent performance to this day. Awarded as the Property Manager of the Year 2013, he helps both landlords & tenants resolve conflicts and shares insights in his monthly blog.

Thank you for tuning in! If you liked this episode, please don’t forget to subscribe, tune in, and share this podcast.

Connect with Perth Property Insider:

See omnystudio.com/listener for privacy information.

In this episode I talk with financial planning expert Stuart Wemyss to tackle a pressing question: Should we focus on repaying our home or investing? With his extensive experience, Stuart sheds light on this common financial quandary.

We dive into the emotional aspects of owning a home, as well as how it can be your greatest investment…. But preferably not your only investment.  

Stuart offers insights into some of the important considerations for where your extra dollars should go and the potential steps to take to repay your home later if you do decide to invest first. 

Challenge your current mindset and see if your current approach makes sense.

Let's go inside!

Resource Links:

Episode Highlights:

Intro [00:00] Home Loan Repayment Strategies and Investing [04:27] Home Loan Debt and Investing Priorities [09:13] Debt Reduction and Investment Strategies [13:38] Investing and Selling Assets for Lifestyle Goals [18:15] Outro[22:14]

Thank you for tuning in! If you liked this episode, please don’t forget to subscribe, tune in, and share this podcast.

About the Guest:

Stuart started his career in Chartered Accounting, working for KPMG and Deloitte. Then, in 2002 he founded his financial services business, ProSolution Private Clients.

His company aims to work with clients to help them achieve their financial and lifestyle goals. They provide holistic financial services, including financial, mortgage, insurance, and tax advice.

He released his third book (Investopoly) in May 2018. It sets out the 8 golden rules to mastering the game of building wealth.

He writes for The Australian newspaper (Wealth Section) and regularly appears in print, TV, and radio media.

Visit Stuart at:

Connect with Perth Property Insider:

See omnystudio.com/listener for privacy information.

Ever wondered if your approach to property investing is setting you up for success or holding you back? It's a question I ponder often, especially after meeting many new clients who haven't quite grasped the business side of their investments. 

In this throwback episode, I've invited Jewayne Loong back to delve into the power of a robust investing mindset, share insights on treating property investments with the strategic finesse of a business, and offer guidance to help you avoid common missteps. 

So, join us as we discuss strategies for portfolio growth and how to align your investments with your overarching financial ambitions. 

Tune in and transform your property investing game today!

Resource Links:

Episode Highlights:

Intro [00:00] Property Investing Mindset and Team Building [02:19] Choosing Service Providers Based on Communication and Professionalism[07:16] Investment Property Management and Tax Strategies [12:19] Property Management and Maintenance Strategies [17:15] Property Investment Strategies and Market Trends[22:17] Outro [22:46]

Thank you for tuning in! If you liked this episode, please don’t forget to subscribe, tune in, and share this podcast.

About Our Guest:

After working for more than 10 years at Investors’ Edge Real Estate, Jewayne Loong has shown great passion for helping property investors improve their property returns. After three years as a Property Manager, he was promoted to Business Development Manager and shows excellent performance to this day. Awarded as the Property Manager of the Year 2013, he helps both landlords & tenants resolve conflicts and shares insights in his monthly blog.

Thank you for tuning in! If you liked this episode, please don’t forget to subscribe, tune in, and share this podcast.

Connect with Perth Property Insider:

See omnystudio.com/listener for privacy information.

Today, I'm going into the buying and negotiation strategies to compete in our red-hot market. And the reason I thought I'd cover this is that every month we're hearing from investors who are coming to use us for our buyer's agency service because they're fed up and frustrated with how difficult it is to compete in this market. 

It's very typical when you go out to inspections to have 20 to 30 buyers that you're up against. And as a selling agent, I also see that buyers very rarely ask the right questions or really know much about the buying process at all. 

I'm certainly not going to volunteer it when I'm selling a property. And on the buying side, we know all the right things to ask to be winning the property and securing it when there's a lot of other buyers that we're up against. 

So, let's go inside.

Resource Links:

Episode Highlights:

Intro [00:00] Buying Off-market Properties and Timing Offers [04:58] Real Estate Negotiation Strategies [09:11] Real Estate Negotiation Strategies and Tactics[14:34] Real Estate Finance and Conditions for Attractive Offers[18:54] Buying Property as is, Inspections, and Offers [23:41] Outro [28:42]

Thank you for tuning in! If you liked this episode, please don’t forget to subscribe, tune in, and share this podcast.

Connect with Perth Property Insider:

See omnystudio.com/listener for privacy information.

Today, we've got a Q&A where I'm giving you my opinion on lots of the questions being asked in our Perth Property Investment Facebook group. If you're not already a member, make sure you head over and join in the discussions. 

Here is just some of the juicy topics I answer:

Let's get stuck into the questions.

Resource Links:

Episode Highlights:

Intro [00:00] Handling Tenant Bond Disputes in Australia [03:43] Property Management, Investment Calculations, and Building Issues[08:36] Modular Home Building in Perth With Potential Risks and Considerations [13:19] Negative Gearing and Investment Property in Perth [18:38] Property Purchase Price and Yield[22:31] Real Estate Agent Commissions and Marketing Strategies[28:52] Buying in single or joint names and Tax Implications [35:08] Outro[42:30]

Thank you for tuning in! If you liked this episode, please don’t forget to subscribe, tune in, and share this podcast.

Connect with Perth Property Insider:

See omnystudio.com/listener for privacy information.

Today, I'm demystifying the role that foreign buyers are playing in our Perth market. There are a lot of misconceptions about how many properties they buy, that they're pushing out local home buyers and pushing up prices…. With many people wanting to prevent them from buying in Perth at all due to the housing shortage. 

I wanted to delve into the stats, into the role that they play, the types of properties they can buy, and why I actually think they're an essential part of our overall market. 

So let's go inside.

Resource Links:

Episode Highlights:

Intro [00:00] Foreign Buyers' Impact on Perth Property Market [01:45] Foreign Investment in Local Projects [04:37] Foreign Investment in WA Property Market [05:45] Foreign Investment in Australia's Property Market[09:14]

Thank you for tuning in! If you liked this episode, please don’t forget to subscribe, tune in, and share this podcast.

Connect with Perth Property Insider:

See omnystudio.com/listener for privacy information.

Today, we'll be exploring the power of staging your property to sell and how it can boost buyer demand fetching you a much higher emotional price.

Jody Pennington from Bella Property Styling is my guest and my go to for staging, and in this episode we go into how we have pulled off some incredible results for my sellers.

We go into some of the misconceptions that we hear all the time including that “a home will sell itself at the moment so why use staging?” and that “staging is expensive and is it really worth doing?”

Stay tuned as we uncover the secrets to successful staging to enhance your property's appeal and get the best price when selling. 

Let's go inside!

About the Guest:

Jodie is Pennington a seasoned home stager specializing in both vacant and occupied home staging services. With a passion for transforming spaces, Jodie possesses a wealth of knowledge and hands-on experience that goes beyond textbooks.

As an active investor and successful property flipper/renovator, Jodie's unique skill set sets her apart in the industry. She excels in helping homeowners and investors maximize and unlock the full potential of their properties, whether they are looking to sell or embark on renovation projects. With Jodie's expertise, your property's true value can shine through.

Resource Links:

Episode Highlights:

Intro [00:00] Home Staging Importance for Property Sales [02:23] The Importance of Home Staging for Potential Buyers [07:52] Home Staging Misconceptions and Services in Perth, Australia[12:29] Staging Homes for Sale in a Hot Market [17:44] The Importance of Staging Homes for Sale[20:27] Real Estate Staging and Its Impact on Sales [25:08] Home Staging Process and Its Impact on Property Value [31:35] Home Staging and Property Improvement [38:11] Property Staging and Its Importance in Real Estate Sales [40:58] Prioritizing Home Staging Over Carpet Replacement [46:29] Home Staging and Painting for Property Sellers[51:39] Outro [56:04]

Thank you for tuning in! If you liked this episode, please don’t forget to subscribe, tune in, and share this podcast.

Connect with Perth Property Insider:

See omnystudio.com/listener for privacy information.

Today, I'm bringing you Perth's best and worst suburb price performers over the last year. We're also taking a look at where the best rental yields are on offer. I’m am not only giving you the top 15 in each of these areas, I'm delving into my observations and some of the trends that are occurring.

I'm going to dissect and give you my thinking on how I use median price data, how I use statistics to make decisions, and how all of this feeds into our Trifecta criteria, which we use for our buyer's agency service to select suburbs, areas and a property that is going to have the best chance of performance over the short term and the long term. 

Let's go inside.

Resource Links:

Episode Highlights:

Intro [00:00] Distortion in Median House Prices and Their Impact on Real Estate Market Analysis [03:20] Real Estate Growth in Western Australia [11:03] Perth Suburb Growth and Median House Prices [15:13] Rental Yields in Perth Suburbs[21:56] Real Estate Investing in Perth, Australia [25:41] Outro[31:24]

Thank you for tuning in! If you liked this episode, please don’t forget to subscribe, tune in, and share this podcast.

Connect with Perth Property Insider:

See omnystudio.com/listener for privacy information.

Today, I've got Salem and Melissa Domiati on the show and they're from the Longevity Lab… We're going to be delving deep into what exactly longevity is and how they can help you live better for longer. 

As I've been going through my journey with them, I've discovered that there are so many parallels between the creation of wealth and the creation of your health and longevity. So we're going to explore some of those core concepts today. 

After all, what's the point of being wealthy if it doesn't include your health and living better for longer? 

Let's dive in!

Resource Links:

Episode Highlights:

Intro [00:00] Longevity, Healthy Aging, and Personalized Advice [02:26] Longevity and Well-being Principles [07:41] Habits for Longevity and Wealth Creation [13:36] Health and Wealth Habits, Risk Management, and Personalized Approaches [19:01] Preventing Injuries and Staying Healthy as We Age [23:47] Preventing and Optimizing Health Issues in Aging Population [26:31] Aging, Fitness, and Sleep With a Focus on Balance [31:58] Balancing Healthy Habits With Social Life and Travel[37:18] Genetic Testing and Personalized Health Plans[42:28] Longevity and Wellness Workshops for Corporations and Organizations [47:50] Outro [52:02]

Thank you for tuning in! If you liked this episode, please don’t forget to subscribe, tune in, and share this podcast.

About the guests:

Embarking on a global expedition over the past 3 years, Salem & Melissa Domiati of The Longevity Lab have delved deep into the secrets of longevity. Their journey has seen them engage with experts, adopting and trialing numerous biohacking techniques. Their dedication has culminated in tangible results: not only are they healthier, but their biological ages are also witnessing a reversal.

Salem Domiati: A driving force in Perth's health sphere, Salem boasts an impressive portfolio of leading health enterprises. He holds an honours degree in Physiotherapy, supplemented with postgraduate qualifications in Sports Science. Beyond academia, Salem is also a skilled Yoga teacher. His expertise has reinvigorated numerous entrepreneurs, equipping them with the energy to elevate their ventures.

Melissa Domiati: A fervent advocate for unlocking the brain's potential and achieving life's equilibrium, Melissa brings to the table degrees in Commerce, Education, and Arts. Currently, she's penning a book on longevity, shedding light on insights from individuals over 90 from around the globe.

Disclaimer: The insights provided by Salem & Melissa Domiati serve as general information and should not replace professional medical advice.

Connect with Perth Property Insider:

See omnystudio.com/listener for privacy information.

Today, I'm taking you deep inside my property market update, where I'm going to explain all the reasons why I think there's further growth ahead for the vast majority of the Perth market. 

We're going inside the sale market, the rental market, the drivers', actions to consider, and my predictions for the year ahead and there have been lots of very interesting things happening to fill you in on, since I last came to you in May.

So let's go inside.

Resource Links:

Episode Highlights:

Intro [00:00] Perth Sale Market Trends [00:42] Perth Rental Market Trends[06:16] Property Clock & Capital City Comparisons  [09:52] Factors Affecting & Driving of our markets [16:36] Tips to Survive and Thrive [31:06] Crystal Ball Predictions [33:45] Options For Further Help [34:40] Outro [35:20]

Thank you for tuning in! If you liked this episode, please don’t forget to subscribe, tune in, and share this podcast.

Connect with Perth Property Insider:

See omnystudio.com/listener for privacy information.

Have you ever wondered what goes on behind the scenes of a property management business and why many struggle to deliver a consistently high level of service? To the average investor, all property managers may seem alike, making it challenging to discern what truly sets us apart.

In this throwback episode, I sit down with Jewayne Loong to shed light on the essential aspects of delivering quality property management services day in and day out. Most of us investors who have been around a while know that you get what you pay but how can you tell what is worth paying for?

Join Jewayne and I as we share our wealth of experience providing valuable insights into the world of property management. Discover the strategies, challenges, and triumphs that we, as property managers, face behind the scenes and gain a deeper understanding of what it takes to deliver exceptional service in this ever-evolving industry.

Resource Links:

About Our Guest:

After working for more than 10 years at Investors’ Edge Real Estate, Jewayne Loong has shown great passion for helping property investors improve their property returns. After three years as a Property Manager, he was promoted to Business Development Manager and shows excellent performance to this day. Awarded as the Property Manager of the Year 2013, he helps both landlords & tenants resolve conflicts and shares insights in his monthly blog.

Thank you for tuning in! If you liked this episode, please don’t forget to subscribe, tune in, and share this podcast.

Connect with Perth Property Insider:

See omnystudio.com/listener for privacy information.

Today, I'm bringing you a Q&A episode where I’m deep-diving into some of the interesting questions being asked on the Perth Property Investment Facebook group. If you're not already a member, make sure you head on over to Facebook, search us out, and join in the lively commentary. 

And if you've got any questions, you can post them there. In the meantime, there are plenty of people who will help out, so it's good to share your opinions to help others.

Now, we're going into: 

Alright, so let's get stuck into it!

Resource Links:

Episode Highlights:

Intro [00:00] Fixed Term Tenancy Agreements Vs. Periodic Agreements [05:04] Is Title Insurance Something to Consider? [09:45] Land Supply [13:39] The Importance of Building the Right Team [18:58] Budget for Buying a House[23:56] How Important is It for an Investment Property to Be Sub-dividable? [28:54] Outro[36:50]

Thank you for tuning in! If you liked this episode, please don’t forget to subscribe, tune in, and share this podcast.

Connect with Perth Property Insider:

See omnystudio.com/listener for privacy information.

Today, we've got Anton Flynn from Flynn Subdivision Experts on the show to talk about his insights into the development and subdivision space, as well as what opportunities are available in this market. 

We have had a pretty crazy month with the rollout of the new medium density R-codes  and the Aboriginal Cultural Heritage Act being put on hold while the government consults further with stakeholders.

So, we're going into what that means for investors and what sort of opportunities can still exist, and what we should be looking at now. It's going to be a really interesting episode. 

Let's go inside.

Resource Links:

About the guest:

Anton has a background in Construction Management and Economics. He has worked in construction and client-side project management roles on various residential and commercial projects during his earlier career. He has been focusing on small blue chip infill development projects over the last few years with the family company, applying his expertise in the areas of project feasibility, planning and project management.  Anton has an organised, pragmatic and proactive approach to property development and subdivision, and is a valuable development management asset for our project team.

Contact Anton here:

Episode Highlights:

Intro [00:00] Selling Subdivisions and Selling Out [02:27] The Current State of the Building Industry [07:38] What’s the Status of Medium-density Developments? [10:19] The Erosion of Trust in the Market [15:40] What Investors Should Look to Do if They Want to Progress Development [17:49] Best Case Scenario and Worst Case Scenario[23:43] The Underlying Issue of Housing [26:53] Outro [32:02]

Thank you for tuning in! If you liked this episode, please don’t forget to subscribe, tune in, and share this podcast.

Connect with Perth Property Insider:

See omnystudio.com/listener for privacy information.

Today, we're going into the secrets of a smooth property settlement. 

I've got Paul Garnett from Garnett Conveyancing on the show. He's got a wealth of experience and has seen just about everything when it comes to settlements. You'd be surprised because the average person just thinks settlements are easy but I've also seen over the years that they can become quite challenging when you don't have the right person handling them or the wrong conditions in your sale contract. 

There are a lot of important things that need to be done during the settlement process to make sure that you're getting what you've paid for and that you're protected from making any mistakes. 

Be sure to stick around for the second half of this episode because we're also getting Paul’s insights into the market, what he's seeing as far as transactions and what he thinks is ahead for the Perth market.

We also touched on some of his personal investing experience, so it's gonna be a really interesting episode. 

Let's go inside.

Resource Links:

About the Guest:

Paul Garnett, a seasoned professional with a career in the property settlement and conveyancing industry dating back to 1994, proudly heads Paul Garnett’s Conveyancing WA, a boutique settlement agency based in Stirling, Western Australia. Situated on Oxford Street, Mt. Hawthorn, this agency is known for its rapid and reliable service, ensuring clients and referral partners alike are consistently satisfied. Paul's success is built on a foundation of client happiness, with a commitment to guiding them through every step of the property journey, from securing financing to property acquisition and settlement. Over the years, this dedication has resulted in a flourishing network of referrals, all rooted in Paul's unwavering professionalism, knowledge, and commitment to delivering top-notch service.

Connect with Paul:

Episode Highlights:

Intro [00:00] How Long Does It Take to Get a Settlement? [03:01] Getting in Touch With Clients Early in the Process [07:49] Common Challenges That Arise During the Due Diligence Process [12:33] Due Diligence for a Buyer[18:13] Dealing With Outstanding Debts [20:08] The Joys of Contacts in the Industry[25:08] Selling Properties With Land Component[29:49] Outro [35:14]

Thank you for tuning in! If you liked this episode, please don’t forget to subscribe, tune in, and share this podcast.

Connect with Perth Property Insider:

See omnystudio.com/listener for privacy information.

Today, I've got a very good friend, Paul Antonelli of Resicert Property Inspections on the show, and it's gonna be a real eye-opening episode. 

We're going into how to know if you're actually buying a lemon and we're gonna go deep into his fabulous book called "Don't Expect, Inspect!". 

We're going to pull back the curtain and look at the things you actually need to be worried about when you're buying a property, some of the misconceptions that are rife in the industry, and how to protect yourself throughout the whole process. So there's a lot we'll chat about today. 

Paul's got a wealth of investing experience himself, and we can easily get lost in a fabulous discussion. 

So let's go inside.

Resource Links:

About the guest:

Paul loves business and he loves making things happen. He began his career in engineering, but eventually found his niche in business development and marketing – helping to grow businesses. He has had the opportunity to work around Australia, Europe and through Asia in a diverse range of industries. Drawing from these experiences Paul and his wife founded Resicert together and have enjoyed watching their business quickly grow and expand.

Connect with Paul:

Episode Highlights:

Intro [00:00] The Process of Building an Asset Base [01:20] Less Risk and a Lower Risk [04:39] How Did You Get Started in the Business?[10:37] Common Misconceptions That Property Investors Have[14:30] Some Inspections Can Be Very Scary [20:23] The Problem With Older Homes [22:48] The Importance of Addressing Foundational Issues [29:16] What Technology Are You Using to Identify Leaks?[38:11] Sustainability assessments and efficiency[41:29] Outro [46:07]

Thank you for tuning in! If you liked this episode, please don’t forget to subscribe, tune in, and share this podcast.

Connect with Perth Property Insider:

See omnystudio.com/listener for privacy information.

Today, I've got my good friend Ashwin Ramdas, from Eventum Consulting on the show. He's an accounting expert, and we're going to deep dive into the power of entities and structures and how they could be harnessed for your wealth creation. 

The thing I love about Ashwin is that he genuinely cares about the overall purpose and the plan, rather than just selling a client on complicated structures if they won't actually provide an overall benefit. 

In this episode, we're going to run through the benefits of various entities and structures that are available, discuss some drawbacks and negatives to consider, and explore whether this could be something that helps with your overall investing goals. 

So, let's dive right in.

Resource Links:

Episode Highlights:

Intro [00:00] What is a Trust and How Does It Work?[02:17] Advantages of Using an Entity [05:02] How to Set Up a Tax Structure [10:52] Tax Benefits and Advantages of a Family Trust [12:46] What is a Unit Trust?[17:06] How to Reduce Your Tax Bill? [20:00] What is the Cost of the Business? [23:02] Asset Protection Benefits [28:27] Outro[34:01]

Thank you for tuning in! If you liked this episode, please don’t forget to subscribe, tune in, and share this podcast.

About the guest:

Ashwin Ramdas is the Owner and Managing Director of Eventum Consulting, a multidisciplinary firm in Como, Western Australia, founded in 2011 as a tax advisory business and now offering a comprehensive range of financial services including finance, succession planning, and tax support. With a keen passion for technology as a catalyst for sustainable business growth, Ashwin established InnovateHQ in 2016 to provide tailored technological solutions to clients, showcasing his commitment to innovation and client success.

Connect with Ashwin:

Connect with Perth Property Insider:

See omnystudio.com/listener for privacy information.

Today, I'm going into why local investors are late or leaving the party early when it comes to Perth Property Investment and it's going to be very interesting.

I’m going to pull apart the financing and activity levels in the past by both homeowners and investors to understand how that's contributed to our highs in the median house prices over the years. 

I'm also going to be taking a deeper look at how the trends of growth have played out over the last two decades to give you a bit of insight into how cycles work. 

Then I'm going to explore - ‘Why are our local investors selling up? What are some of the reasons? Are they all valid?’Let's hold them up to the light and see if they stand to reason. 

Moreover, I'm also going into why not as many local investors may be buying because a lot more are selling than are buying at the moment. And I think we've actually got it quite good here in WA. I'm going into some of those reasons and what the other states are facing. We've got a lot to cover. 

Let's go inside.

Resource Links:

Episode Highlights:

Intro [00:00] Homebuyers vs. Investors [02:00] Investor Activity is Still Low [06:16] Investors Buying Longer Term[08:14] The Relationship Between Capital Cities and Average Annual Growth[12:15] Rental Property Pool Continues to Fall [16:35] Why Are People Selling Their Properties? [19:26] Changes to Negative Gearing[23:32] Changes to the Residential Tenancies Act [25:38] The Fundamentals of the Property Market[30:30] Outro[33:19]

Thank you for tuning in! If you liked this episode, please don’t forget to subscribe, tune in, and share this podcast.

Connect with Perth Property Insider:

See omnystudio.com/listener for privacy information.

Today, I'm going to take a deep dive into the 4 critical foundations that are necessary to truly grow your wealth…. And some may surprise you.

I speak with many property investors who seem to be spinning their wheels or focussing on the wrong things so it’s not wonder that most get stuck at 1-2 investment properties and end up selling within 5 years.  

When you have the foundations in place you have the best chance of building a sustainable and profitable portfolio.

Let's go inside.

Resource Links:

Get your Strategic Portfolio Plan and our help with Buying Your Next Perth Property  (https://www.investorsedge.com.au/invest-in-perth-property/)

Join the Perth Property Investment Facebook Group (https://www.facebook.com/groups/perthpropertyinvestors)

Join Jarrad Mahon’s Property Investor Update (https://www.investorsedge.com.au/join)

For more info on our award-winning and highly rated Property Management services that give you guaranteed peace of mind (https://www.investorsedge.com.au/perth-property-management-specialists/)

For more info on how our Property Sales services can ensure you get the best selling price while handling all the stress for you (https://www.investorsedge.com.au/selling-your-perth-property/)

Episode Highlights:

Intro [00:00]

Why is a Strategic Plan So Important?[01:45]

Get Clear on Your Goals and Your Current Situation [06:32]

The Importance of Having a Strategic Portfolio Plan[08:40]

Why is Cash Flow Management So Important? [13:18]

Having a Cash Flow Management System [15:19]

Right Choices Compound Over Time[18:10]

The Difference Between Being Cheap and Being Frugal[20:17]

Paying for a Strategic Plan[25:18]

Growing Asset Base First, Converting to Income Later [26:48]

Outro [29:53]

Thank you for tuning in! If you liked this episode, please don’t forget to subscribe, tune in, and share this podcast.

Connect with Perth Property Insider:

Subscribe on YouTube: https://www.youtube.com/channel/UCgT9-gB6RS69xSgc8J9KrOw

Like us on Facebook: https://www.facebook.com/investorsedge

See omnystudio.com/listener for privacy information.

Today, I'm taking a deep dive into why the building bottleneck in Perth is actually supporting the price growth of established properties. 

Anyone who's hands-on in our market would know that prices are continuing to increase, especially in the lower end suburbs where investors are chasing higher rental yields, and homebuyers are pursuing more affordable options. 

Let me take you through what the stats show us for the number of building approvals, how many homes are under construction and the average cost to build a new home and how all this compares to the demand for housing and why it's going to keep our market moving up despite these interest rate rises and all the negative media. 

So, let's go inside.

Resource Links:

Episode Highlights:

Intro [00:00] Why People Are Flocking to Perth [01:26] How the Building Industry Has Changed Since the Building Grants Were First Released [03:17] Multi-dwelling Approvals Have Fallen Off a Cliff [05:22] The Number of Unfinished Homes Has Hit a Record High[06:41] The Boom That No Builders Profit From [08:44] Average Cost to Build [10:57] Median Price of a Single Level Home [12:50] Difference Between Established and New Properties[14:48] What is Driving the Established Market at the Moment? [16:38] Outro [17:53]

Thank you for tuning in! If you liked this episode, please don’t forget to subscribe, tune in, and share this podcast.

Connect with Perth Property Insider:

See omnystudio.com/listener for privacy information.

Today, I am joined by Stuart Wemyss from ProSolution Private Clients to dive into the intriguing topic of, “Why property investors should be more fussy”

It's easy when the Perth market is running hot to cut corners or to buy a cheaper property sooner but as we discuss there are some compelling reasons why we should not be compromising quality. 

I am excited to get Stewart's expert insights, let's go inside. 

Resource Links:

Episode Highlights:

Intro [00:00] What’s Contributed to Rising Prices in Australia? [01:34] The Biggest Contributor to the Increase in Borrowing Capacity [04:05] Double Income Vs Single Income[06:16] The Long-term Dynamics of Property Investing [11:04] The Importance of Understanding How Compounding Growth Happens[13:44] How to Choose the Right Property to Invest in[16:20] The Best Laid Plans Don't Always Work Out [21:22] The Benefits of Having Multiple Assets [23:43] How Do You Get to Your Dream Home? [26:06] Outro [30:22]

Thank you for tuning in! If you liked this episode, please don’t forget to subscribe, tune in, and share this podcast.

Connect with Perth Property Insider:

Subscribe on YouTube: https://www.youtube.com/channel/UCgT9-gB6RS69xSgc8J9KrOw

Like us on Facebook: https://www.facebook.com/investorsedge

See omnystudio.com/listener for privacy information.

Today we've got another exciting Q&A episode going into questions getting asked in the Perth Property Investment Facebook group. 

Particularly the ones I think can add value to all our listeners, we are going into: Flipping Houses, Reducing Tax, Depreciation, From Pricing, Did I buy well and Airbnb

So let's go inside.

Resource Links:

Get your Strategic Portfolio Plan and our help with Buying Your Next Perth Property  (https://www.investorsedge.com.au/invest-in-perth-property/)

Join the Perth Property Investment Facebook Group (https://www.facebook.com/groups/perthpropertyinvestors)

Join Jarrad Mahon’s Property Investor Update (https://www.investorsedge.com.au/join)

For more info on our award-winning and highly rated Property Management services that give you guaranteed peace of mind (https://www.investorsedge.com.au/perth-property-management-specialists/)

For more info on how our Property Sales services can ensure you get the best selling price while handling all the stress for you (https://www.investorsedge.com.au/selling-your-perth-property/)

Episode Highlights:

Intro[00:00]

The Pros and Cons of Renovating in a Hot Market [01:48]

Buying in a Hot Market Vs in a Downward Market [03:58]

Best Way to Reduce Tax on a Property[06:21]

Is the Return on the Investment Worth the Expense? [08:30]

The Nine Keys to Evaluating a Property [10:30]

Does the Property Have Any Major Negatives That Will Hold It Back? [15:14]

Capital Growth Rates in the Perth Metro Area[17:06]

Airbnb Vs Traditional Property Management in Perth[19:30]

Outro[21:23]

Thank you for tuning in! If you liked this episode, please don’t forget to subscribe, tune in, and share this podcast.

Connect with Perth Property Insider:

Subscribe on YouTube: https://www.youtube.com/channel/UCgT9-gB6RS69xSgc8J9KrOw

Like us on Facebook: https://www.facebook.com/investorsedge

See omnystudio.com/listener for privacy information.

Today, I'm going into the benefits and drawbacks of investing in strata properties and what you need to consider. 

With the increasing price of houses becoming unaffordable for some buyers and also understanding that different investors have different needs, I really wanted to spend the time to dive deeper into strata properties because under the right circumstances they can make a great investment. 

So let's go inside. 

Resource Links:

Episode Highlights:

Intro [00:00] What is a Strata Property? [02:08] Different Types of Plans, Strata Plans and Survey Plans [04:49] The First Benefit of a Strata Property [06:55] The Drawbacks to Investing in a Strata [09:38] What Are Some of the Drawbacks of Having a Common Property?  [11:52] Factors to Consider Before Investing in Strata Properties [14:21] What Are Some of the Most Important Factors When It Comes to Renting Your Property Out or Selling It Later? [16:08] Importance of Reviewing the Strata Committee and Its Management [18:13] What to Look for When Buying a Property[20:50] Outro [22:41]

Thank you for tuning in! If you liked this episode, please don’t forget to subscribe, tune in, and share this podcast.

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Today, we've got Jay Sidhu, a subdivision and development expert from Vision Surveys Consulting on the show to dive deep into ‘Is Perth Property Development Dead?’ 

It's a very valid question to ask. There's a lot of changes to the medium density R-codes, changes to the public open space requirements, changes to Aboriginal heritage act and they are all going to make property development harder in the shorter term. 

With all these policy changes getting thrown into the development space along with all the recent increases in the building costs and the timeframes, I wanted to find out what Jay's seeing and his take on these various things. 

Let's go inside.

Resource Links:

Episode Highlights:

Intro [00:00] Changes in the Perth Apartment Market [01:43] Impacts of the Changes to Medium Density [04:37] The Impact of Increased Cost of Construction on Development [07:20] Sweet Spots to Invest in the Market [11:49] Cost Stabilization, Taking It With a Pinch of Salt [14:18] Public Open Space Contribution Policy [15:39] What is the Aboriginal Cultural Heritage Act?  [21:00] Important Things to Consider When Looking at Development Sites[23:11] Approvals and Conditional Subdivision[25:53] Out [29:58]

Thank you for tuning in! If you liked this episode, please don’t forget to subscribe, tune in, and share this podcast.

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Today, I'm bringing you a Q&A episode where I'm going to dive deep into some of the interesting questions getting asked on the Perth Property Investment Facebook group.

The reason I choose these questions and share them on the podcast is so that we can help as many other investors who might be in the same boat. 

And I've got a lot of interesting ones today that are really varied and I think they're gonna make some good listening. 

So let's go inside.

Resource Links:

Episode Highlights:

Intro [00:00] Thoughts on Subdivision and Capital Gains [01:06] The Importance of Holding Costs [03:!5] Thoughts on Putting Granny Flats at the Back of Properties [06:07] Capital Gains Tax on Rental Properties [10:25] Tips for Attracting a Good Quality Tenant [12:23] The Use of Lenders Mortgage Insurance [14:30] Borrowing at a Higher Loan to Value Ratio [19:20] The Pros and Cons of Different Real Estate Portals [21:15] Amateur Investor Vs First-Time Investor[23:25] Outro [27:18]

Thank you for tuning in! If you liked this episode, please don’t forget to subscribe, tune in, and share this podcast.

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In today’s episode, I'm going into property valuation 101 discussing how to price a property accurately and decide how much to pay for it. 

I'm going to help you understand the nine key factors that affect a property's price and in this hot Perth market, the quicker you can accurately determine a property’s market value, the quicker you can pounce to secure it.   

Now, there's a lot of investors in Perth at the moment looking to buy, so I thought this would be really helpful.

There are many factors that affect the current price but we also really want to look through to how saleable the property is if you ever come to sell and how rentable it is so you can find quality tenants even in a downturn. 

So let's go inside.

Resource Links:

Get your Strategic Portfolio Plan and our help with Buying Your Next Perth Property  (https://www.investorsedge.com.au/invest-in-perth-property/)

Join the Perth Property Investment Facebook Group (https://www.facebook.com/groups/perthpropertyinvestors)

Join Jarrad Mahon’s Property Investor Update (https://www.investorsedge.com.au/join)

For more info on our award-winning and highly rated Property Management services that give you guaranteed peace of mind (https://www.investorsedge.com.au/perth-property-management-specialists/)

For more info on how our Property Sales services can ensure you get the best selling price while handling all the stress for you (https://www.investorsedge.com.au/selling-your-perth-property/)

Episode Highlights:

Intro [00:00]

What’s the Most Important Factor in Determining the Market Price? [01:52]

Property Size and Layout is A Key Factor [04:05]

What Makes a Good Four By Two Property? [05:36]

The Third Key Point is the Property Condition and Presentation [08:18]

What the Market Trends Are in the Suburb [10:38]

Age and Construction Quality of the Property [12:12]

What is the Garden and Landscaping on a Family Home? [14:50]

What is Zoning and Land Use? [16:37]

How Do You Know if a Property is Going to Be Popular With Tenants? [18:43]

Outro [23:16]

Thank you for tuning in! If you liked this episode, please don’t forget to subscribe, tune in, and share this podcast.

Connect with Perth Property Insider:

Subscribe on YouTube: https://www.youtube.com/channel/UCgT9-gB6RS69xSgc8J9KrOw

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I've got Jewayne Loong from Investors Edge Real Estate, my colleague who I work with on the show today, to chat about the proposed changes to the Residential Tenancies Act that have just been announced and what they are likely to mean for investors and tenants.

There is a real arm wrestle going on for fair pricing and greater flexibility for tenants.

Although we are not yet sure on when exactly the changes will come into effect, knowing what they are should help you make some better decisions in the meantime.

When looking at the big picture these are all very workable and if they put some investors off, it's only going to push rents to go higher.

Resource Links:

Episode Highlights:

Intro [00:00] Rent Bidding [01:50] What Happens When Tenants Miss Out on a Property Because of Factors Other Than Price [04:29] What’s the Next Proposed Change to the Rent Increase? [06:51] Rent Increase Frequency and Rent Increase Frequency [09:10] The Additional Risk of Accepting a Pet in a Property [13:29] Changes to How Security Bonds Will Be Released [15:39] Disputes Over Bond Payments [18:27] No Grounds Termination at the End of a Fixed Term Lease [20:45] Changes to the Residential Tenancy Act [23:36] Outro[29:08]

Thank you for tuning in! If you liked this episode, please don’t forget to subscribe, tune in, and share this podcast.

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Today I'm really excited to be taking you deep inside the Perth Property market with one of my quarterly market updates. And it's going to be an extremely hot winter ahead for the Perth market!

The market’s hot out there for both the sales and the rental side and I'll be taking you into both, as well as my predictions for what's ahead, also taking a deeper dive analysis of the state and national budgets and what they mean for our property market. 

We're looking into the economy, we're looking into all the drivers and things that are pushing up our market and leading to such hot conditions that we face and I’ve got a lot to cover today. 

So let's go inside.

Resource Links:

Episode Highlights

Intro [00:00] What's Been Happening to the Median House Price in Perth [01:24] The Rental Market is in a Rental Crisis [06:58] The Core Logics Index for Perth and Other Major Capitals[10:02] Falling Real Estate Values in Sydney and Melbourne [14:59] Inflation is Back to Manageable Levels[16:59] Unemployment in Perth and Economic Forecasts [21:15] Migration Trends in Australia [24:22] Federal Budget Increases Rental Assistance Program [29:59] Tips to Survive and Thrive in Perth[32:55] Outro[36:16]

Thank you for tuning in! If you liked this episode, please don’t forget to subscribe, tune in, and share this podcast.

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Today, I have my friend Michael Yardney on the show to help us rewire our minds to go from limitations to abundance. 

I recently attended his wealth retreat on the Gold Coast, and I really want to share with you some of the things that have made a big difference to how I think about money.

We all have limitations no matter where we're at in our journey and I’m constantly looking at how we can change these beliefs to go to the next level. 

Before you tune out and think you've got it all covered, push deeper and let's go inside, because this could be the key difference to your bottom line.

Resource Links:

Episode Highlights

Intro[00:00] The Biggest Difference Between Successful Investors and Average Investors [02:10] Rich Habits and Poor Habits [05:47] Why the Rich Keep Getting Richer [10:01] Steps to Change One's Beliefs [11:58] The Importance of Setting Goals[16:14] How the Reticular Activating System Helps Create Wealth[18:34] The Reticular Activating System is a Search Engine [20:17] Why Rich People Do Things Differently to the Average Person [25:06] Self-esteem and Self-confidence [27:30] Outro [30:32]

Thank you for tuning in! If you liked this episode, please don’t forget to subscribe, tune in, and share this podcast.

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Today, I've got Anthony Tran on the show. He's a migration agent and has got incredible insights into what's happening at the coal face with migrants (no pun intended) and our changing population and their needs. 

And we're going into lots of intricacies today on how the government has positioned Perth and WA to be a real destination, which he calls the California of Australia. 

Perth is certainly a hidden gem, but the secret's getting out there and we've got a lot to touch on today plus all his updates on where things have come to over the last year since we had him on the show. 

So let's go inside.

Resource Links:

Episode Highlights:

Intro[00:00] The Role and Responsibilities of a Migration Agent [01:21] Hiring for the Best, Not Just the Highest Salary [06:21] Changes in Australian Population Growth [08:39] The Housing Crisis in Australia [14:20] The Challenge of Getting a Visa to Australia [17:08] Different Ways to Migrate to Australia[22:43] How the Market Has Evolved [31:15] Changes in Australia [33:57] Outro[37:47]

Thank you for tuning in! If you liked this episode, please don’t forget to subscribe, tune in, and share this podcast.

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One of the main things holding investors back from buying another Perth investment property is finding their next deposit… So I wanted to revisit my tips for making this happen sooner.

Many would-be investors I've talked to seem to struggle with finding their next deposit to purchase a property, or to invest in other things at different times. 

In the past, it's been really hard for me as well, especially when my money management habits have not been there. I did a lot of other things right, but I also had areas letting me down. 

In this episode, I want to take a deep dive into four key areas to help you find your next deposit sooner. I think that's really going to help you accelerate your wealth and create enough of an asset base to generate the passive income you want. 

Let's go inside.

Resource Links:

Episode Highlights:

Intro [00:00] Buying Well In A Hot Market[01:55] Cosmetic Renovation And Subdivision  [3:57] The Third Way To Find Your Next Deposit  [04:55] Get Control Of Your Money And Good Money Habits[07:03] Living Expenses Account And Savings Account[08:50] Why You Need To Separate Your Money Into Different Accounts [11:36] How To Track And Reduce Expenses [13:26] The Number One Way To Become More Valuable To Your Business [15:37] The Difference Between The Different Classes Of Money [17:28] Outro [20:03]

Thank you for tuning in! If you liked this episode, please don’t forget to subscribe, tune in, and share this podcast.

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Today what we're going into is - Is a buyer's agent actually worth it?

Firstly, we'll cover what a buyer's agent is and how they actually add value to the overall buying process. 

I’ll also discuss some of the mentalities that can hold people back from looking to leverage the experience of a buyer's agent. We then go into why they can actually be worth the investment, and you really want them to tick as many of these boxes as possible. A great one's going to be worth many times their actual cost to invest in their services.

I’ll also go into some of the differences in their research methods, selection criteria, and overall depth of experience, and how that can impact both your results in the short term and the long term. 

And most excitingly, why we've launched a buyer's agency service to help people too, and some of our unique differences that we bring to that.

So let's go inside.

Resource Links:

Episode Highlights:

Intro [00:00] Negative Factors That Influence Resale Prices [02:32] The Opportunity Cost of Not Having the Right Asset [04:50] How Buyer’s Agents Can Be a Great Investment [07:16] How to Get Past the Poor Person's Mentality [09:25] Why Buying is More Valuable Than Selling [12:33] Buyer's Agents Should Stay Objective and Stay in Touch With Local Agents [15:23] How to Choose the Right Property [18:37] Launching Buyer's Agency Service [21:22] Why Buyer's Agency is Important [23:58] Outro [28:31]

Thank you for tuning in! If you liked this episode, please don’t forget to subscribe, tune in, and share this podcast.

Connect with Perth Property Insider:

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Will we see the Perth property market follow the trends happening on the East Coast?

The Perth market can sometimes be seen as entirely separate from the rest of Australia, but from a broader perspective, we shouldn’t discount what’s happening in other parts of our country and the influence on our market. 

My guest is going to be a treat to the listeners. He’s recently been voted one of Australia’s Top 50 Influential Thought Leaders and is the author of international bestseller, Rich Habits, Poor Habits.

That’s right, Michael Yardney joins me on the show today as he gives us his insider view on the East Coast property market. His insights are sure to provide a better understanding on what’s ahead and how Perth fits into the larger picture.

Be sure not to miss this episode as you’ll surely get as excited as we are for the future of Perth property!

Episode Highlights:

What Michael thought about the comeback of the property market[02:18] Will this carry over to the East Coast capital markets?[04:58] What’s been driving the markets[06:44] Where Michael’s investors are investing[10:08] Is our property growth going to continue? [12:56] Does Michael expect a tightening in lending?[16:44] Why did we have strong growth even without overseas migration?[18:43] The impact of population on different market segments[21:41] How COVID changed where and how we want to live[24:04] The different tiers of homes in Melbourne[27:47]

Resource Links:

About Our Guest:

Michael Yardney has recently been voted one of Australia’s top 50 influential thought leaders. While he is best known as a property expert, Michael is also Australia’s leading expert in the psychology of success and wealth creation and the author of 9 books including the international best-seller Rich Habits, Poor Habits, which has been translated into 5 languages.

He was once again voted Australia’s leading property investment advisor, the 5th time he has won this award in the last 7 years. Michael is highly influential with his opinions regularly featured in the media. He is the director of Metropole Property Strategists. Metropole helps their clients grow, protect and pass on their wealth through independent, unbiased property advice and advocacy.

Thank you for tuning in! If you liked this episode, please don’t forget to subscribe, tune in, and share this podcast.

Connect with Perth Property Insider:

See omnystudio.com/listener for privacy information.

See omnystudio.com/listener for privacy information.

See omnystudio.com/listener for privacy information.

How well is your suburb of choice going to perform?

When it comes to choosing the right suburb, there are a lot of factors you should be looking into. But after doing my extensive research on the best performing suburbs in Perth, I’ve learned something very interesting. 

I’ve found that there are 2 key growth drivers that are major contributors to a suburb’s performance. In today’s show, I’m going to unpack the effects of these growth drivers on pricing and capital growth rates over the last 30 years.

So before making your suburb selection, jump into this episode to get the insights I’ve gained from my research.

Episode Highlights:

Factors that affect prices and capital growth rate[01:01] The 1st growth driver: Living beachside[02:44]

Resource Links:

About Our Host:

Jarrad Mahon is the go-to guy in property management and investment in Perth, giving you his insider view on the Perth market and the strategies needed for you to grow your wealth and improve your life. All you need to do is to stay tuned!

Thank you for tuning in! If you liked this episode, please don’t forget to subscribe, tune in, and share this podcast.

Connect with Perth Property Insider:

See omnystudio.com/listener for privacy information.

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Let’s continue our discussion on finding a subdividable property that stacks up.  

For those who haven’t listened to Part 1 yet, I suggest you get into it first so that you’ll learn all the steps you need to take to avoid mistakes when starting your search. 

In Part 2 of my interview with repeat guest, Jay Sidhu from Vision Surveys Consulting, we’ll be going into the details of preparing an overall feasibility study. As an investor, you’d want to look at the costs and potential profit margins. Likewise, you’d need to decide whether this supports your strategy now or would it be better to develop the property later.

On top of that, Jay and I reveal some variations you can potentially do and how you can unlock hidden potentials.

Jump into this second part of our extensive discussion by tuning in now.

Episode Highlights:

Things you should consider when putting up power and water utilities[01:14]

Resource Links:

About Our Guest:

Jay Sidhu has been working in the surveying industry since 2009 before stepping into his Director role at Vision Surveys Consulting in 2019. His breadth of experience and insight helped him gain an advantage over other consultants in the area. Currently, he is a candidate for MBA with the Curtin Graduate Business School at Perth, WA.

Thank you for tuning in! If you liked this episode, please don’t forget to subscribe, tune in, and share this podcast.

Connect with Perth Property Insider:

See omnystudio.com/listener for privacy information.

See omnystudio.com/listener for privacy information.

See omnystudio.com/listener for privacy information.

Are you wondering how to find a subdividable property that stacks up?... There’s quite a bit you should be looking at before you close the deal. 

To help you get an extensive understanding, I’m bringing in one of my previous guests. My good friend, Jay Sidhu from Vision Surveys Consulting, is back for another 2-part episode. With all the interest in finding subdividable properties, I figured it’s time we go over this in more detail so you know all the steps to take to avoid mistakes. 

So we’re going to pull everything apart and give you an inside view of how we would go about finding a subdividable property from where to begin searching, using intramaps, understanding split coding mistakes, what to do about bushfire-prone areas, other things to look out for and much more.

And wait for Part 2 where we’ll be covering costings, doing a feasibility, how much you should pay for it, the timing and strategy for developing that property including how to uncover some hidden potentials

There’s a lot to unpack so get started by tuning in now!

Episode Highlights:

Where to begin the search for a subdividable property[03:23] Be clear with your end goal[07:13] Check out the potential competition in the area [08:38] Finding out the zoning of your property[11:41] Avoid these mistakes with split codings[12:31] Confirm the zoning with the council [16:22] Practical tips to finding subdividable properties[17:41] Where to find the coding [20:40] What are the things you need to be checking[21:27]

Resource Links:

About Our Host:

Jay Sidhu has been working in the surveying industry since 2009 before stepping into his Director role at Vision Surveys Consulting in 2019. His breadth of experience and insight helped him gain an advantage over other consultants in the area. Currently, he is a candidate for MBA with the Curtin Graduate Business School at Perth, WA.

Thank you for tuning in! If you liked this episode, please don’t forget to subscribe, tune in, and share this podcast.

Connect with Perth Property Insider:

See omnystudio.com/listener for privacy information.

See omnystudio.com/listener for privacy information.

See omnystudio.com/listener for privacy information.

If you want to buy well in this hot Perth market you need to be the most prepared and ready buyer in the area that knows what to pay extra for and what to walk away from.  

Even in a hot market, mistakes can be made and money can be lost… Sometimes those mistakes may not even show up until later when it's too late. 

I’m here to share with you my own tips for buying in a hot market. Having been investing in property for 15-16 years and an agent for 13 years, I’ve got inside knowledge of the entire buying process and how to set yourself up for success. I cover off setting a budget, how to value a property, using agents to your advantage, tips for searching, what red flags to avoid, negotiation tips, and example contract conditions.

Get ready because this episode is really going to help you buy well in any market, tune in now!

Episode Highlights:

The Perth market is hot, but you need to do things right[01:04] First thing is to set a budget[02:22] Don’t go shopping until you have a plan [05:27] What metrics should you look at?[06:27] Common mistakes when making sales comparisons[13:01] Look also at auto valuations [16:52] Get an independent view on things[20:10] Tips for searching for the right property to buy[24:01] You’ve finally found one, so what’s next?[30:45] Red flags to be aware of during inspection [31:47] Negotiation tips you must do[34:02] Put in your own conditions in the contract [39:41]

Resource Links:

About Our Host:

Jarrad Mahon is the go-to guy in property management and investment in Perth, giving you his insider view on the Perth market and the strategies needed for you to grow your wealth and improve your life. All you need to do is to stay tuned!

Thank you for tuning in! If you liked this episode, please don’t forget to subscribe, tune in, and share this podcast.

Connect with Perth Property Insider:

See omnystudio.com/listener for privacy information.

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Living a life of happiness and fulfillment is the ultimate goal for everyone, isn't it?. But some of us end up chasing the wrong things, thinking those would give us happiness.

Being on the journey of finding fulfillment myself, I have picked up some very valuable realisations along the way. So today, I want to talk about my own journey of lifestyle design and the six core human needs which need to be filled up if you want to create a life of happiness and ultimate fulfillment. 

Life isn’t only about making money. There’s the rest of your life to design and think about, and that’s what I’d like to get into because as I have found, all the money in the world will not make you happy and fulfilled.

Find out how to create and live a fulfilling life by listening to this episode.

Episode Highlights:

Chasing money isn’t the answer[02:16] Don’t neglect time with family until it’s too late[04:45] You can’t measure fulfillment by one metric alone  [07:15] Plan a life of fulfillment by asking yourself some questions[08:45] The 6 human needs we need to fill [12:44] My own journey to fulfillment[15:06] What we think will make us happy actually won’t[18:50] Shifting from chasing money to helping others [19:29] When you give to the world, the world gives back more[20:40]

Resource Links:

About Our Host:

Jarrad Mahon is the go-to guy in property management and investment in Perth, giving you his insider view on the Perth market and the strategies needed for you to grow your wealth and improve your life. All you need to do is to stay tuned!

Thank you for tuning in! If you liked this episode, please don’t forget to subscribe, tune in, and share this podcast.

Connect with Perth Property Insider:

See omnystudio.com/listener for privacy information.

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See omnystudio.com/listener for privacy information.

A financial mistake can really set you back in your investing journey while the right decisions can compound to get you ahead safely and much faster. 

I myself have been spending a lot of time thinking about how to make better overall investing decisions. So I’ve brought in my personal financial adviser, Stuart Wemyss, today to discuss some of the common mistakes and how to make better overall evidence-based decisions. 

We cover offsetting a strategy, buying the right assets, evidence-based property selection, the common attributes of investment-grade property, and much more!

Short circuit the process and learn from the experts by tuning in now.

Episode Highlights:

The fundamentals to investing are universal[01:35] Get an expert to help you[03:27] Decisions have a compounding effect on your outcome[04:59] Start by making a long-term strategy[08:50] Utilise the best of each asset class[12:01] Find out who can help you make the best decision [12:56] Practice delaying gratification[17:11] Stop chasing a number: It’s all about buying the right asset[19:12] Why some clients buy only 1-2 properties [21:01] Making the push for evidence-based property selection[24:23] Three common attributes of investment-grade property[25:53] Strong land value component[26:07] Scarcity in supply[27:34] Proven performance[28:07] Takeaways from Stuart’s book, Investopoly[31:21] It only takes a handful of really good decisions to reach your goals[33:50] Stop chasing popular trends for short-term gains [35:56]

Resource Links:

About Our Guest:

Stuart Wemyss is a financial adviser, tax agent, and mortgage broker. He founded ProSolution Private Clients, which provides commission-free financial planning, accounting/tax, insurance, and mortgage broking services. ProSolution is unique in that they have an equal amount of experience in investing in both property and shares.

Stuart is also the author of the books, Rules of the Lending Game and Investopoly.

Thank you for tuning in! If you liked this episode, please don’t forget to subscribe, tune in, and share this podcast.

Connect with Perth Property Insider:

See omnystudio.com/listener for privacy information.

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Should you upgrade your house, invest, or pay down debt?

When you have so many people giving you different opinions, it’s hard to know which decision is best for you.

Today, I want to help my listeners by breaking down the different phases we go through in our lives and what you should be thinking about during each phase. This will help you decide what you will ultimately end up doing.

So get inside and find out how you can start making the investment decisions that work for you. 

Episode Highlights:

Your home is part of your investment [01:10] Whatever phase in life you’re in, have a plan[02:30] Questions to ask yourself when making your plan[04:26] Where do you want to live?[04:55] How far away is your retirement?[05:43] How much passive income do you want? [06:36] The first phase: Rentvesting[08:40] The second phase: Livevesting [12:05] The growth phase: Grow your portfolio[16:16] The retirement phase: Improve overall cash flow[20:42]

Resource Links:

About Our Host:

Jarrad Mahon is the go-to guy in property management and investment in Perth, giving you his insider view on the Perth market and the strategies needed for you to grow your wealth and improve your life. All you need to do is to stay tuned!

Thank you for tuning in! If you liked this episode, please don’t forget to subscribe, tune in, and share this podcast.

Connect with Perth Property Insider:

See omnystudio.com/listener for privacy information.

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There’s an undercurrent of fear due to crucial changes about to happen… Many are asking if we are in a bubble that will soon burst?

Despite that, we’re seeing a lot of momentum in the Perth property market.

In my March 2021 Perth Property Market Update, I want to go over the sale and rental market plus some new areas I haven’t touched on in previous updates to directly address the concerns that I am hearing from our clients. 

I’m going to look at what is really happening as we’re heading towards the end of the moratorium. I’ll also dive into the current level of business confidence, the end to job keeper, expected loan default levels and the risks from heavy exposure to China and the mining sector. 

Don’t miss out on this very important update by tuning in now. 

Episode Highlights:

What’s happening in the Perth Sale Market [02:12] Continued supply tightening in the Perth sale market [02:18] Week-on-week sales hit a new record [03:56] New inventory stat shows we’re down to 2 months of inventory [04:33] Improvement in house sales & median price [05:33] Leveling seen in unit sales & median price [06:14] Land sales and median price relatively unchanged [06:59] Average selling time at an all-time low [07:53] What’s happening in the Perth Rental Market [08:29] Continuing decrease in properties for rent [08:35] The vacancy rate shows a 64% decrease compared with last year [09:47] Average rent at $365 [10:13] Perth is now a rising market for houses [11:26] Now is the time to buy units [12:13] Factors Affecting the Market [12:51] Low interest rates expected to continue [12:58] Low mortgage arrears in Western Australia [14:36] Worst suburbs for mortgage arrears [16:06] 3x normal levels for first home owners grant activity [17:06] Top locations that received first home owners grant [18:45] Current business confidence shows a lot of optimism [19:13] Risks from dependence on China [20:17] Risks from dependence on mining [22:09] Not much changes in government policies [23:13] Changes once the moratorium ends[26:04] Stats on the Job Keeper that is also ending [30:44] Tips to survive and thrive [34:00] My crystal ball for the next 2-3 months [35:54]

Resource Links:

About Our Host:

Jarrad Mahon is the go-to guy in property management and investment in Perth, giving you his insider view on the Perth market and the strategies needed for you to grow your wealth and improve your life. All you need to do is to stay tuned!

Thank you for tuning in! If you liked this episode, please don’t forget to subscribe, tune in, and share this podcast.

Connect with Perth Property Insider:

See omnystudio.com/listener for privacy information.

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Have you developed an investing mindset that helps you succeed or is it hindering you?

Something I've been seeing often with our new clients is that they don't treat investing like a business.

It's interesting, isn't it? Especially since you are putting your money into property that you buy and the end result depends on whether you've made the right decisions.

So I get together again with 2013 Property Manager of the Year, Jewayne Loong, as we talk about what's the right mindset when getting into property investing and certainly needed to grow a portfolio. 

Make sure you set your property investing up for success by tuning in to this episode now.

Episode Highlights:

Topics we'll be going through [01:29] Without a real plan, you don't know where you're going [02:30] Self-managing might not be best [05:08] What to look for when choosing a service provider[07:13]

Resource Links:

About Our Host:

Managing Director and Licensee at Investor’s Edge Real Estate for more than 12 years, Jarrad Mahon is a household name in the real estate industry. Having received 16 awards over the last six years, he is your go-to guy in property management and investment strategies. He has been featured in multiple media outlets and is continuing to make great strides in the world of real estate investing.

Thank you for tuning in! If you liked this episode, please don’t forget to subscribe, tune in, and share this podcast.

Connect with Perth Property Insider:

See omnystudio.com/listener for privacy information.

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Have you been thinking about investing in Perth property?

Property investing is a valuable vehicle for creating wealth but the outcome depends on whether you’re buying right and taking advantage of how the market changes.

Today’s an exciting episode as I get into a chat with Trevor Dunkley from Property Wizards. As a leading buyer's agent, he has his own formula he uses when investing and helping clients. He’s here to share his suggestions for a starting out investor, the outlook ahead, and why you should consider getting a buyer’s agent.

Tune in as we unpack the mistakes investors have made through the years and what you can do about it.

Episode Highlights:

The advantage of having experienced past real estate cycles[01:42] Trevor’s investing journey[05:06] Four fundamental strategies for investing in residential property[06:46] What to look at when investing in commercial property[11:59] Tips for the starting out investor[12:37] The outlook for Perth property [17:24] Common mistakes that investors make [21:05] Property types in demand right now[24:55] What buyer’s agent do for their clients[28:25]  Property management’s role in helping investors succeed[35:33]

Resource Links:

About Our Guest:

A leading buyer’s agent, Trevor Dunkley has been awarded REIWA’s Buyer’s Agent of the Year for 2007, 2008, and 2009. Trevor is the Director of Property Wizards. He started his real estate career more than 20 years ago and has extensive experience in investment, sales, commercial and industrial leasing, and property management.

If you’re interested in reaching out to Trevor, don’t hesitate to contact him through Property Wizards at (08) 9381-7450. 

Thank you for tuning in! If you liked this episode, please don’t forget to subscribe, tune in, and share this podcast.

Connect with Perth Property Insider:

See omnystudio.com/listener for privacy information.

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Making property investing decisions is a lot easier if you do the necessary research to back up your choices. But which metric do you prioritise? 

Should you look for a property with more cash flow or one in a blue-chip suburb? To help my listeners, I’m here to present the case for why it’s important to prioritise your capital growth rate.

In today’s episode, I share the results of a massive research study I’ve done on historical capital growth rates and how that can shape your suburb selection. You’ll hear about a number of interesting comparisons which I’m sure will help you to create more wealth in the long-term.

Get inside this episode as I’m sure you’ll pick up a ton of useful insights. Tune in here.

Episode Highlights:

Why should we look at the capital growth rate? [01:26] Infrastructure and its impact [03:48] Differences in performance between metro and country areas[06:27] Buying in low-end, median, high-end prices areas matter in the long-term[07:42] A country area is almost on par if you hold it for 30 years[9:19] Not much difference among low-priced, low-growth areas[10:39] Consider also cash flow, capital gains, and other taxes [11:36] Massive difference seen in high-growth areas for the long-term [13:12] More reasons to buy into the higher-priced areas[15:56] How this impacts your investing[18:36] Think long-term to benefit from compounding[19:35]

Resource Links:

About Our Host:

Jarrad Mahon is the go-to guy in property management and investment in Perth, giving you his insider view on the Perth market and the strategies needed for you to grow your wealth and improve your life. All you need to do is to stay tuned!

Thank you for tuning in! If you liked this episode, please don’t forget to subscribe, tune in, and share this podcast.

Connect with Perth Property Insider:

See omnystudio.com/listener for privacy information.

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When it comes to property investing, choosing your agent first before you choose where and what to buy comes with significant benefits. The right agent can help you avoid the costly mistakes and purchase a top performing asset, assist with any renovations and find you high quality tenants all during your settlement period. 

Today, my colleague Jewayne Loong and I talk about the value we can provide by being present on the front end including being able to give insights on a property’s long-term outlook for growth, rentability, resale value, and tons more.

This episode is sure to give you a great insight into how the smart investors leverage a team of experts.

Episode Highlights:

There’s value in having the right agent on the front end [01:58] Why it’s better to let the agent help you choose the suburb[03:15] Agents know which areas are proven performers as a good investment [05:59] Type of property and demographic have a big impact on your investment goals[08:55] Things people miss that affect rentability [12:26] The negatives that pull down the desirability of your property [16:44] Before you make an offer, do this[21:16] Buyers often miss checking the condition of the property[26:56] Offering the right price is a balancing act [31:33] Get access to reliable tradies through your agent[33:06] A great agent suggests the right time to sell[34:39] Going beyond client expectations: When an agent gets the most out of your property[37:10]

Resource Links:

About Our Guest:

After working for more than 8 years at Investors’ Edge Real Estate, Jewayne Loong has shown great passion for helping property investors improve their property returns. After three years as a Property Manager, he was promoted to Business Development Manager and shows excellent performance to this day. Awarded as the Property Manager of the Year 2013, he helps both landlords & tenants resolve conflicts and shares insights in his monthly blog.

Thank you for tuning in! If you liked this episode, please don’t forget to subscribe, tune in, and share this podcast.

Connect with Perth Property Insider:

See omnystudio.com/listener for privacy information.

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Most property owners I speak to want to make sure they get the most out of selling their property so it's really important to understand the key price influencers that can add tens of thousands extra to your selling price.

In this episode, I’d like to share 2 of the key price influencers I laid out in my book, The Ultimate Home Sellers Guide: How to Master the 5 Price Influencers & Sell Your Property for More. 

I’ll reveal the things you can do for Presentation and in your Agent selection to get the very best price possible without the stress.

So tune in to get tips that will help you whenever you next come to sell a property and make sure you grab yourself a free digital copy of my book. 

Episode Highlights:

Imagine the perfect scenario [01:55] The owner and agent need to work together to get the top market price[04:11] My motivation for writing the book [04:37] The first price influencer: Presentation is key to maximising selling price[06:16] The fifth price influencer: Your agent is a major driving force [10:30]

Resource Links:

About Our Host:

Jarrad Mahon is the go-to guy in property management and investment in Perth, giving you his insider view on the Perth market and the strategies needed for you to grow your wealth and improve your life. All you need to do is to stay tuned!

Thank you for tuning in! If you liked this episode, please don’t forget to subscribe, tune in, and share this podcast.

Connect with Perth Property Insider:

See omnystudio.com/listener for privacy information.

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See omnystudio.com/listener for privacy information.

As a Perth property investor, you might be wondering how the proposed medium density R-Code changes will affect you. Will it impact your profits? What adjustments do you need to make? 

Luckily, we are about to get the inside scoop from a special guest today. 

The Assistant Director of Building & Planning (WA),Aaron Sice, joins us as he shares his view on Perth property development. We take a deep dive into the proposed R-Codes changes to medium density housing and the potential impacts those will have on the market.

Take a seat and listen to this valuable episode so you can prepare for the changes that are coming! 

Episode Highlights:

Aaron’s background and where he is now [02:22] The nuances Aaron has seen in Perth property[04:00] Things could have been better [07:38] Property development is actually risky[11:40] It’s not about ratcheting things up, find a niche and run with it [14:21] Who is property development for?[16:43] Find what works for you then wash, rinse, repeat [19:11] Common mistake that trip people up: Not hiring a project manager [20:39] Tip for land development: Submit planning and DA applications concurrently[22:56] What to look out for in the R-Code changes for medium density [23:59] Increase in density bonus in different site categories[24:22]

Single bed dwelling concession is now being a small dwelling concession [26:42]

Landscaping mandated for single-tier dwellings [28:09]

Areas of opportunity following the proposed changes[30:25]

R-Code changes’ impact in the overall market[31:15]

Perth is constantly changing [36:03]

Resource Links:

About Our Guest:

Currently the Assistant Director of Building & Planning (WA), Aaron Sice is someone who has already seen what works and what doesn’t in Perth property development. He was previously a lecturer at REIWA for residential design codes and strategic developments and has worked with big developers as either an in-house or consultant, bringing with him his knowledge on the mistakes made by investors through the years.

Thank you for tuning in! If you liked this episode, please don’t forget to subscribe, tune in, and share this podcast.

Connect with Perth Property Insider:

See omnystudio.com/listener for privacy information.

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Renovating a property might look easy on TV, but actually doing it well and making a reasonable profit from all your hard work is a real challenge!

As a key component of adding value to your property, you have to decide what to actually renovate, what your reasons are for doing a renovation, and then how to go about doing a renovation.

In this episode, I want to go deeper into this subject by giving you my rules for profiting with a renovation. You’ll get tips for buying under market, what to look for to secure bargains, lots of examples, and even a case study on the very first renovation I did. 

Don’t miss out on the valuable insights I’d love to share with you so tune in now!

Episode Highlights:

When it comes to renovating, you need the right team and the right plan  [02:00] Get the right order and steps for your renovation[06:07] Is NOW the right time to renovate?[09:25] Why should you renovate?[13:19] My renovation rules to avoid making mistakes [17:15]

Resource Links:

About Our Host:

Jarrad Mahon is the go-to guy in property management and investment in Perth, giving you his insider view on the Perth market and the strategies needed for you to grow your wealth and improve your life. All you need to do is to stay tuned!

Thank you for tuning in! If you liked this episode, please don’t forget to subscribe, tune in, and share this podcast.

Connect with Perth Property Insider:

See omnystudio.com/listener for privacy information.

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See omnystudio.com/listener for privacy information.

What can we expect for the Perth property market in 2021? 

The start of the year is a good time to take a look at what we can see ahead. Lots of things are coming up including policy changes in construction grants, the upcoming state election, the end of the moratorium to the Residential Tenancy Act and much more.

So join me as I give my outlook for the year ahead as we go over the sale market, rental market, what’s happening in the industry, and a look inside our own portfolio. On top of that, I’ll be sharing some actions which you should consider doing as well as my crystal ball for the future.

Don’t wait anymore and tune in to our first Perth property market update for this year!

Episode Highlights:

Number of properties for sale hits an all time low [01:06] Week on week sales has risen[02:26] Strong growth being seen in median house prices [03:17] Average selling days are expected to decrease [07:38] Unprecedented times in the rental market[08:29]    We have only 11 properties for rent in our busiest time[08:43] Our vacancy rate is tight at 0.15% [11:32] Our average rent is at $357.50 [12:17] National Property Clock for Houses: Perth and South West WA still at start of recovery [13:44] National Property Clock for Units: Perth is in the declining side[15:12] Factors affecting the 2021 market outlook [15:36] Changes in federal and state grants [15:44] At least 3 years of low interest rates expected[18:19] Economic forecasts for Western Australia[18:56] Policy changes: The call for Stamp Duty reform and to address the rental storage [22:04] Residential Tenancy Act moratorium soon to end[27:05] Tips to survive and thrive: Upgrade your home & get an appraisal [27:48] My crystal ball for this year [29:46]

Resource Links:

About Our Host:

Jarrad Mahon is the go-to guy in property management and investment in Perth, giving you his insider view on the Perth market and the strategies needed for you to grow your wealth and improve your life. All you need to do is to stay tuned!

Thank you for tuning in! If you liked this episode, please don’t forget to subscribe, tune in, and share this podcast.

Connect with Perth Property Insider:

See omnystudio.com/listener for privacy information.

See omnystudio.com/listener for privacy information.

See omnystudio.com/listener for privacy information.

Your property manager is your most crucial member of your investing team when it comes to improving your returns and protecting your most important asset. That’s why it’s imperative to find a good one to manage your investment for you.

But how much do you really know about property managers? Are you sure you’re putting your property in the right hands?... The reality of what goes on behind the scenes might shock you!

This week, we’ll drop some bombs—the hidden truths—about the property management space. Listen in as we reveal the 7 most shocking things about property managers with my colleague and repeat guest, Jewayne Loong.

Tune in for an intriguing seventh episode of the Perth Property Insider!

Episode Highlights:

It only takes 4 days of training to get a property manager licence [05:26]

Resource Links:

About Our Guest:

After working for more than 8 years at Investors’ Edge Real Estate, Jewayne Loong has shown great passion for helping property investors improve their property returns. After three years as a Property Manager, he was promoted to Business Development Manager and shows excellent performance to this day. Awarded as the Property Manager of the Year 2013, he helps both landlords & tenants resolve conflicts and shares insights in his monthly blog.

Thank you for tuning in! If you liked this episode, please don’t forget to subscribe, tune in, and share this podcast.

Connect with Perth Property Insider:

See omnystudio.com/listener for privacy information.

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See omnystudio.com/listener for privacy information.

Already chosen the perfect land property for your dream subdivision? That’s just the beginning. Without having a clear idea of the next few steps in your investment journey, you might end up wasting more money than necessary.

Today’s episode is Part 2 of my talk with Director of Vision Surveys Consulting, Jay Sidhu, on subdividing Perth. This week, Jay shares what happens after surveying is done, how long it takes to get your project approved with the WAPC, and lots more!

If you want to jump into your subdivision investment journey more prepared than ever, then this episode is perfect for you!

Tune in now!

Episode Highlights:

Subdividing a rear corner block [00:59] The next crucial steps after surveying [03:18] Dealing with the WAPC [07:55] How to get clearances [09:41] Is it okay to start while the approval is still pending? [11:21] The cost of subdividing while retaining a house [12:45] The length of time required to prepare for the project [17:07] Knowing when a property stacks up [19:02] Why it’s not wise to rush and avail of the grant [20:19]

Resource Links:

About Our Guest:

Jay Sidhu has been working in the surveying industry since 2009 before stepping into his Director role at Vision Surveys Consulting in 2019. His breadth of experience and insight helped him gain advantage over other consultants in the area. Currently, he is a candidate for MBA with the Curtin Graduate Business School at Perth, WA.

Thank you for tuning in! If you liked this episode, please don’t forget to subscribe, tune in, and share this podcast.

Connect with Perth Property Insider:

See omnystudio.com/listener for privacy information.

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Ready to profit from your first subdivision? Before you start going around town in search of the perfect property, you might want to stop and check out these essentials first.

Jay Sidhu, Director at Vision Surveys Consulting, shares his wealth of knowledge and experience on everything about subdividing. Today, let’s all learn a thing or two about how subdivision can add value to our investments as we talk about the important property factors you need to know and be aware of, mistakes investors make when developing and more!

There’s a lot to unload in this episode so grab your pens & paper and tune in now!

Episode Highlights:

A look into Jay’s investor journey [01:59] Investing in Joondalup then and now [03:25] Jay’s subdivision investment strategy [06:01] His advice to budding investors [08:49] Choose a strategy that you’re comfortable with [09:41] Common mistakes investors commit when managing subdivisions [11:19] The importance of soil type when choosing a property [12:19] The significance of slopes when developing a subdivision [16:33] Communication makes it easier to build boundary fences [18:38] Being aware of bores upon demolition and construction [21:07] Current activities in the Perth market [24:41] Jay’s forecast on the Perth market [27:10] Can new investors still take advantage of the grant? [28:39]

Resource Links:

About Our Guest:

Jay Sidhu has been working in the surveying industry since 2009 before stepping into his Director role at Vision Surveys Consulting in 2019. His breadth of experience and insight helped him gain advantage over other consultants in the area. Currently, he is a candidate for MBA with the Curtin Graduate Business School at Perth, WA.

Thank you for tuning in! If you liked this episode, please don’t forget to subscribe, tune in, and share this podcast.

Connect with Perth Property Insider:

See omnystudio.com/listener for privacy information.

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See omnystudio.com/listener for privacy information.

It might be a lot easier now to find tenants for your rental property, but you should still be doing everything possible to maximise the rent.

In this episode I speak to my colleague and REIWA property manager of the year for 2013 on what can be done to attract tenants, how to set your price to be just right, marketing essentials and how to improve rentability.

Capitalise on the Perth rental market growth. Tune in to this episode now!

Episode Highlights:

Current activities in the Perth property market [01:36] What properties are in demand in the property market? [02:38] The value of a great property managers [04:35] Making your property’s presentation work to attract tenants [06:37] Getting the marketing right to improve exposure [10:07] What to do if you happen to underprice your property [12:16] Setting the price right [13:17] How investors can make the most out of their property and price [16:10] Things that can make renting out your property more challenging [20:00] Navigating through the of the emergency period with an existing tenant [24:26]

Resources:

About Jewayne Loong:

After working for more than 8 years at Investors’ Edge Real Estate, Jewayne Loong has shown great passion for helping property investors improve their property returns. After three years as a Property Manager, he was promoted to Business Development Manager and shows excellent performance to this day. Awarded as the Property Manager of the Year 2013, he helps both landlords & tenants resolve conflicts and shares insights in his monthly blog.

Thank you for tuning in! If you liked this episode, please don’t forget to subscribe, tune in, and share this podcast.

Connect With Perth Property Insider:

See omnystudio.com/listener for privacy information.

See omnystudio.com/listener for privacy information.

See omnystudio.com/listener for privacy information.

Most property investors don’t have a clear picture of what financial freedom looks like… Without the right destination in mind, you can set the wrong strategy or worse—no strategy! Which results in buying the wrong property in the wrong areas for the wrong reasons.

In today’s episode, I share with you how to approach property investing the right way to plan towards financial security, freedom, and eventually, abundance. I also explain why there is no one-size fits-all strategy in real estate investment and share with you what to do and NOT to do when investing.

This episode is packed with so many insights and strategies that’ll help you become a more intentional investor and set you up for success.

Make better property investment decisions by tuning in to this episode now!

Episode Highlights:

The value of having the right strategy in property investing [01:52] Common reasons for investing in property [04:26] How much do you need to have financial security, freedom, and abundance? [05:32] The essence of goal-setting to get to your desired financial destination [10:05] The wonder of compound interest [12:29] Adopting the right investment strategy to get to financial abundance [15:08] What NOT to do in property investing [16:28] Things to consider when investing in the suburbs [18:37] The inverse relationship between growth and yield [20:18] Why you need to put growth as your first priority [22:39] Choose the right suburb and hold for the long term [26:34] Keeping an eye out for property growth drivers [27:40] The ideal roadmap for property investors [29:00] Knowing the right time to enter the property market [31:46] The good and bad of active strategies that may accelerate your growth [33:12] The upsides and downsides of joint ventures [35:38]

Resources:

About Our Host:

Jarrad Mahon is the go-to guy in property management and investment in Perth, giving you his insider view on the Perth market and the strategies needed for you to grow your wealth and improve your life. All you need to do is to stay tuned!

Thank you for tuning in! If you liked this episode, please don’t forget to subscribe, tune in, and share this podcast.

Connect With Perth Property Insider:

See omnystudio.com/listener for privacy information.

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When property market prices hit rock bottom, the emotions involving property investing also hit an all-time low. But letting it decide when to hold on and when to sell your properties is a bad idea.

The harder the fall, the higher the bounce. That’s what we’ll get stuck in on today’s episode as I express my sentiment on the Perth property emotional roller coaster. I will share with you why you need to rein your emotions in to make better, more rational investment decisions. Whether you are a Perth local property investor or an East Coast property investor, there’s a lot of value to pick up on in this episode.

Keep your emotions in check by tuning in to this episode now!

Episode Highlights:

The emotional roller coaster of property investing [01:08] The link between market prices and investors’ emotions [03:51] Property investing is just like growing and tending to your plants [04:23] Why you need to have more control over your emotions [06:50] The unbelievable growth that the Perth property market is seeing [07:39] What’s causing the surge in property market growth in Perth [10:31] Looking at the facts and your reasons first before deciding to sell [11:53]

Resources:

About Our Host:

Jarrad Mahon is the go-to guy in property management and investment in Perth, giving you his insider view on the Perth market and the strategies needed for you to grow your wealth and improve your life. All you need to do is to stay tuned!

Thank you for tuning in! If you liked this episode, please don’t forget to subscribe, tune in, and share this podcast.

Connect with Perth Property Insider:

See omnystudio.com/listener for privacy information.

See omnystudio.com/listener for privacy information.

See omnystudio.com/listener for privacy information.

The year is coming to a close but there’s no stopping the upward spiral that the Perth property market is seeing for the last 18 months.

Does the lockdown have a negative impact on Perth and Western Australia in general? What does 2021 look like according to the RBA and ANZ? 

Find out in Perth Property Insider’s inaugural episode as I serve you the latest and hottest updates in the Perth property market fresh from the oven. As the year closes, let’s brace ourselves for some exciting news as I cover the current median house price, rental vacancy rates in the CBD and the suburbs, unemployment rate insights, and more!

Hop into this gripping episode of the Perth Property Insider. Tune in now!

Episode Highlights:

There’s no stopping the Perth Property Market [01:42] A significant increase in properties sold over the last 18 months [03:24] Current median prices in the Perth property market [04:53] A sharp drop in the average selling time of properties [08:10] The status of government construction grants [08:50] 47% decrease in properties for rent [10:27] Rental vacancy rates are currently at 0.9% in the CBD [11:49] Timing the Australian property market [13:24] Perth is in a declining market[15:18] 2021 predictions by market experts and the RBA [15:57] Unemployment rate insights for the next two years [18:02] The effect of lockdown on population growth and migration [19:25] Changes in the residential property market in 2020 [21:40] How the availability of finance affects the Australian property market [23:38] Biden’s 100-day plans and policy changes [26:23] Latest updates in Western Australia [28:21] Tips and tactics to thrive as this year ends and a new one begins [30:24] My crystal ball for the next 6-12 months [31:49]

Resources:

About Our Host:

Jarrad Mahon is the go-to guy in property management and investment in Perth, giving you his insider view on the Perth market and the strategies needed for you to grow your wealth and improve your life. All you need to do is to stay tuned!

Thank you for tuning in! If you liked this episode, please don’t forget to subscribe, tune in, and share this podcast.

Connect With Perth Property Insider:

See omnystudio.com/listener for privacy information.

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See omnystudio.com/listener for privacy information.

Today, we're going into a lot of the questions getting asked on the Perth Property Investment Facebook Group and I'm choosing some of the juicy ones! 

I'm going to go into a few scenarios on whether you buy for growth VS cash flow. How do new properties and established properties fit into that. What are the trade-offs for each property type when looking to buy.

Then I’m going deeper to give you my take on research tips and where you can get data. How to look at short-term and long-term data. And how it fits together to make a selection criteria. 

Finally, we're going to go into rental freezes and rental caps and what could be ahead, and whether it's actually going to make me even think about selling or whether or not I'm worried about it at all.

So let's go inside.

Resource Links:

Episode Highlights:

Intro [00:00] Looking at Two Properties With Both 350 sqm Land Area [01:28]  Tips for Selecting the Best Property Option [03:16]  Capital Gains Tax VS Income Tax: What's the Difference? [08:32]  Where to Find Annual Growth Reports for a Perth Suburb? [11:37]  Accessing Long-term Data for Property Analysis [15:43]  Determining Short-term Growth Probability in a Suburb [18:22]  Do Tenants Advertise Their Properties to Save Money? [20:56]  Understanding Rental Cap and Its Impact on the Market [26:42]  How to Prevent Rental Prices From Increasing [29:07]  Outro [32:55] 

Thank you for tuning in! If you liked this episode, please don’t forget to subscribe, tune in, and share this podcast.

Connect with Perth Property Insider:

See omnystudio.com/listener for privacy information.

This week we are throwing back to one of our most popular episodes of 2022 on how to accelerate your investment using renovation and development. 

It's a bit of a lead-on from Episode 76, where I was chatting with Stuart Wemyss on if renovation and development add up. 

I've been digesting on that chat I had with Stuart, and I wanted to give you some different perspectives on when renovation development can work, especially in accelerating your investing. 

So, let's go inside.

Resource Links:

Episode Highlights:

Intro [00:00] Purchasing Another Property Rather Than Doing Renovations or Development [01:22]  Undertaking a Renovation or Development Project May Yield Greater Gains in the Short Term [02:39]  Growing Your Portfolio Through Small-scale Developments [04:26]  How Can You Accumulate $200,000 to Purchase Another Property in Just 2 Years [07:10] Other Factors to Consider When Deciding Whether to Do a Renovation or Development Project [09:08]  When Purchasing a Property, Rental Yield is an Important Factor to Consider [13:02]  Why Renovation or Development is a Good Decision for Accelerating Your Property Investment Journey [14:39]  Outro [15:19]

Thank you for tuning in! If you liked this episode, please don’t forget to subscribe, tune in, and share this podcast.

Connect with Perth Property Insider:

See omnystudio.com/listener for privacy information.

Today we're back for part two of the inside story with Charley Valher, where we're going into his borderless investing approach. I'm excited to get the key learnings he's had along the way, how his actual strategies changed over time.

We dive into what made him buy in Perth, his view as an interstate investor, and how he's pushed through comfort zones to make it all happen. We're also going to go into the key role that buyer's agents and property managers have played in buying this many properties so quickly. 

And we'll also be getting his take on where Perth sits compared to the other capitals because he's got a pony in each race at the moment. He's got a good perspective across Australia, and I'm keen to get his thoughts. 

So let's go inside.

Resource Links:

Episode Highlights:

Intro [00:00] What Are Charley's Biggest Mistakes While Investing in Real Estate? [01:36] What is the Current Status of Charley's Portfolio? [04:07] What Are the Consequences of Taking on More Risk and Debt While Investing in Real Estate? [08:20] What Does Charley Know About the Real Estate Market in Perth? [12:57] How Important is Having a Supportive Team When Investing in Real Estate? [16:46] Why is Having a Good Relationship With Your Property Manager Important? [21:25] What Predictions Do You Have for the Future of the Real Estate Market? [25:27] Can You Share Your Thoughts on the Future of the Real Estate Market? [28:17] Outro [31:19]

Thank you for tuning in! If you liked this episode, please don’t forget to subscribe, tune in, and share this podcast.

About the Guest:

Charley is a serial entrepreneur with a passion for the business that started at the age of 10, trading Pokémon cards. He became an eBay merchant, learned digital marketing, and ran a successful 7-figure company running Facebook and Google ads for clients. 

Charley has since ventured into outsourcing and podcast media education and services. In 2021, Charley started his latest venture, Business & Investing, which aims to teach business owners how to create wealth inside and outside their businesses. 

Charley's biggest lesson? Selling what people want to buy, not what you want them to buy, and making money and growing money are two very different skill sets.

Connect with Perth Property Insider:

See omnystudio.com/listener for privacy information.

Do you aspire to be a borderless property investor?

Today, I've got Charley Valher on the show. Many would know him as the host of the popular Property & Investing Podcast, and the Business & Investing Podcast. He has built a very large portfolio quickly over the last few years and has done it as a borderless investor. 

Buying in different states and building a portfolio quickly with that kind of mindset takes a lot of pushing through comfort zones, a lot of challenges to overcome, and a lot of skill with financing while using and leveraging a team. 

So today, we're going to go into his journey and all that he's learned. I'm really excited to have him on the show. 

So let's go inside. 

Resource Links:

Episode Highlights:

Intro [00:00] Why Investing in Property Is Like Diets [01:22] The Podcast and Transition to the Online World[04:35] It's Crucial to Reinvest in Assets Other Than Your Business [07:08] Exploring the Experience of Accumulating Wealth [12:38] Jarrad Shares How He Obtained His First Property [15:43] Gaining Clarity and Confidence by Working Backwards to Execute Deals [27:12] The Significance of Having the Appropriate Team to Manage Your Portfolio [31:43] Outro [33:33] 

Thank you for tuning in! If you liked this episode, please don’t forget to subscribe, tune in, and share this podcast.

About the Guest:

Charley is a serial entrepreneur with a passion for the business that started at the age of 10, trading Pokémon cards. He became an eBay merchant, learned digital marketing, and ran a successful 7-figure company running Facebook and Google ads for clients. 

Charley has since ventured into outsourcing and podcast media education and services. In 2021, Charley started his latest venture, Business & Investing, which aims to teach business owners how to create wealth inside and outside their businesses. 

Charley's biggest lesson? Selling what people want to buy, not what you want them to buy, and making money and growing money are two very different skill sets.

Connect with Perth Property Insider:

See omnystudio.com/listener for privacy information.

Today I'm excited to have Lacey Filipich from Money School back on the show to help us make  mastering our money exciting. 

We will look at how to get control through the different phases of your journey with all the money challenges thrown at you. 

She finds all the interesting ways to get on top of your money, especially with rising interest costs, living costs, and all these things just adding up. 

It's the perfect time to become a master of your money. 

Let's go inside.

Resource Links:

Episode Highlights:

Intro [00:00] Exploring the Effects of Increasing Interest Rates on Your Daily Life [01:51]  Essential Tips for Better Budgeting and Financial Management [05:11]  Unlocking Discounts: How Your Rental History Can Help You Save [11:02] Maximizing Your Money: What to Do With Extra Funds [13:35] Adjusting to a Tighter Budget: How Long Will It Take? [18:37] The Importance of Having Future Goals in Achieving Financial Wellness [21:52] Deciding Between a Good School Zone or a Good House: Which Matters More? [25:00] Understanding the Impact of Financial Stress on Your Cognitive Abilities [30:41] Talking About Money at Home: Why Communication is Key [33:02] Outro [38:39]

Thank you for tuning in! If you liked this episode, please don’t forget to subscribe, tune in, and share this podcast.

About the Guest:

Lacey Filipich saved half of every dollar she received from age 10. She bought her first property at 19 years old while in her second year of chemical engineering. She continued investing throughout her 20s, adding shares and more properties to her portfolio to reach financial independence in her early 30s.

Lacey continues to run Money School to honor Fran, her mother, and honor her legacy.

Reach out to Lacey at https://www.moneyschool.org.au/contact/. 

Connect with Perth Property Insider:

See omnystudio.com/listener for privacy information.

Today we're going into part two of our Inside Story with Jordan de Jong. He's the CEO and founder of Gameplans, an innovative online portal enabling you to plan your property portfolio. 

In this episode, we will be going into a lot of the nitty gritty on having a plan for your portfolio. 

Why a lot of investors don't have one? Why do a lot of investors make mistakes when they're creating one? What are the common mistakes? What's involved in a really good plan, and what it looks like? And how to use this software to get clarity. 

We also discuss how we are now able to help you with that overall planning process in a new service we're launching called Strategic Portfolio Plans. 

So let's go inside.

Resource Links:

Episode Highlights

Intro [00:00] The Benefits of Having a 30-year Plan [02:44]  Exploring the Decision-making Process [05:30]  Understanding the Significance of Having a Clear End Goal for a Property [11:29]  Common Mistakes People Make While Building Their Portfolio [14:39]  Defining a Good Plan and Its Creation Process [19:34]  Perception of Time During Good and Bad Phases and Its Impact on Planning [22:21]  The Necessity of Including Specific Numbers in a Plan [27:36]  The Value and Significance of Having a Plan [30:06]  Achieving Clarity on One's Current Situation and Aligning Goals With Future Plans [36:18]  Jarrad's Advice for Individuals Interested in Buying a Property [39:15]  Outro [44:05]

Thank you for tuning in! If you liked this episode, please don’t forget to subscribe, tune in, and share this podcast.

About the Guest:

Jordan de Jeong is the Founder and Managing Director of Gameplans.

Jordan built his property portfolio in his early 20's and now has a huge passion for helping others on their property journey. During the 2020 lockdowns he founded Gameplans and now works with the most renowned property experts across Australia & New Zealand helping many investors build their own portfolios.

Connect with Perth Property Insider:

See omnystudio.com/listener for privacy information.

Do you have a plan for creating wealth with property or are you just winging it?

Today, I'm really excited to be deep diving into the inside story of Jordan de Jong. He's the owner of Gameplans, which is one of the most revolutionary and brilliant pieces of software that is an online portal which enables investors to plan out their portfolio and it's what we're using to create our strategic portfolio plans. 

In this two-part story, we're going into his personal investing and the lessons learned and experience that he's had along the way. He's also learned a lot personally from helping  hundreds and hundreds of investors create a property plan. 

This part one is going to be excellent but also make sure you tune in for part two, next week when we're going into the actual game plan software, everything that's involved in a good plan, why people make mistakes when they're planning, what's actually involved in creating a strategic plan and all the benefits to it. 

So let's go inside.

Resource Links:

Episode Highlights:

Intro [00:00] Jordan's Introduction to the Real Estate Industry. [03:36]  There is No Single, Perfect Strategy in Real Estate Investment.[09:27]  The Inadequacy of the One-size-fits-all Approach in Property Investment. [12:33]  Jordan's Most Significant Mistake in His Property Portfolio. [17:40]  The Significance of Having a Gameplan in Real Estate Investment. [21:54]  What to Do When You've Reached Your Borrowing Limit. [28:55]  The Importance of Portability in the Real Estate Industry. [32:31]  Outro [35:25]

Thank you for tuning in! If you liked this episode, please don’t forget to subscribe, tune in, and share this podcast.

About the Guest:

Jordan de Jeong is the Founder and Managing Director of Gameplans.

Jordan built his property portfolio in his early 20's and now has a huge passion for helping others on their property journey. During the 2020 lockdowns, he founded Gameplans and now works with the most renowned property experts across Australia & New Zealand helping many investors build their own portfolios.

Connect with Perth Property Insider:

See omnystudio.com/listener for privacy information.

Are we going to fall off the fixed interest rate cliff?… Is there anything to be concerned about for borrowers and the Perth property market?

Listen to today's episode to find out from an expert, Nick Aves from Purely Finance. 

I'm really excited to pull this apart and take a deep dive into what the stats are telling us and what we are both seeing from our clients. 

So let's go inside.

Resource Links:

Episode Highlights:

Intro [00:00] Nick shares the current situation of fixed-rate mortgages [01:38] Average size of home loans in Australia in the past [06:12] How are people coping with their current living expenses? [09:00] People make every effort to ensure their mortgage payments are met. [13:46] How are first-time homebuyers affected by low-interest rates? [15:38] Interest rates are expected to peak and then decrease again. [19:38] What impact do interest rates have on the housing market? [22:12] What is the present condition of the Australian home loan market? [27:12] What is the future outlook for the housing market? [29:23] Outro [32:53]

About the Guest:

Nick began his career in finance more than 30 years ago as a trainee. His natural ability and interest saw him move up quickly into more substantial roles within the banking industry until he was in charge of more than $65 million in complex business lending portfolios.

Nick’s devotion to his work has seen him receive PLAN Australia’s Sales Master Award every year since its establishment in 2005. He was also recognised in the MPA top 100 brokers of Australia in 2007. Nick firmly believes in the value of getting your finances in order with the correct investments, loans, and insurance to enable you to spend more time doing the things you love, which in his case involves setting sail upon the Indian Ocean.

Thank you for tuning in! If you liked this episode, please don’t forget to subscribe, tune in, and share this podcast.

Connect with Perth Property Insider:

See omnystudio.com/listener for privacy information.

Today I’m going into lots of juicy questions that come up when you're buying an investment property, all the important considerations:

I’m looking forward to sharing my thoughts on these with you.

If you're not a member, head on over and join in the conversation at Perth Property Investment Facebook Group. So many questions are being asked at the moment, and people are chiming in and helping out. So it's great to see all the activity. 

Let's go inside.

Resource Links:

Episode Highlights:

Intro [00:00] Exploring Your Investment Objectives [02:27] Factors to Consider When Selecting a Suitable Investment Location [04:55] How to Choose the Right Tenants for Your Rental Property [08:25] Clarifying Your Reasons for Investing and Determining if You Are Aiming for Growth [10:47] When Does It Make Sense to Construct New Properties Despite High Building Costs [14:14] Can You Invest 100k With 100k Equity in the Property and Still Be Positively Geared? [16:37] Differentiating Between Investing for Growth and Growth [18:04] Deciding Between Purchasing a Second Investment Property With a 450k Budget Now or Waiting Until the End of the Financial Year [21:56] What is the Variance in the Average Annual Growth Rate Between Lower and Higher-priced Properties [23:46] Outro [27:31]

Thank you for tuning in! If you liked this episode, please don’t forget to subscribe, tune in, and share this podcast.

Connect with Perth Property Insider:

See omnystudio.com/listener for privacy information.

Today I'm going through the age-old question... Should you buy shares or property? 

Investors can get very passionate about both these camps. You only need to look in some of the forums and groups online to see how much people believe in one or the other. 

But what's right for you and your stage of investing? 

I'm really excited to have Stuart Wemyss of ProSolution Private Clients on the show. He will give us some of the pros and cons, benefits and negatives of each of these asset classes and how you can think about sequencing them as you grow your wealth. 

So, let's go inside.

Resource Links:

Episode Highlights:

Intro [00:00] Why Volatility Isn't a Major Concern When It Comes to Making Investment Decisions. [02:00] Discover What the Perfect Balance in Markets is and How It Can Affect Your Investments. [06:32] The Benefits of Investing in Investment-grade Property and the Returns You Can Expect. [10:45] What is the Return on a Property? [13:10] Explore the Advantages and Benefits of Diversifying Your Investments With Shares. [19:24] How to Reduce the Risks and Increase the Potential for Consistent Returns. [25:11] Understand the Relationship Between Risk and Return and How to Balance the Two for the Highest Return Possible. [27:50] The Challenges Humans Face in Understanding Numbers and How to Overcome Them. [33:38] Outro [44:55]

Thank you for tuning in! If you liked this episode, please don’t forget to subscribe, tune in, and share this podcast.

About the Guest:

Stuart started his career in Chartered Accounting, working for KPMG and Deloitte. Then, in 2002 he founded his financial services business, ProSolution Private Clients.

His company aims to work with clients to help them achieve their financial and lifestyle goals. They provide holistic financial services, including financial, mortgage, insurance, and tax advice.

He released his third book (Investopoly) in May 2018. It sets out the 8 golden rules to mastering the game of building wealth.

He writes for The Australian newspaper (Wealth Section) and regularly appears in print, TV, and radio media.

Visit Stuart at:

Connect with Perth Property Insider:

Like us on Facebook: https://www.facebook.com/investorsedge

See omnystudio.com/listener for privacy information.

Today I will be going back in time and talking to my 20-year-old self about what I would do if I started again from scratch. 

Haven't you always wanted to go and have those discussions with yourself? Well, unfortunately I don’t have a time machine so the best I can do is to help others who are starting again or near the start of their journey to get clarity. 

I'll fast-track the whole approach so that you don't have to learn from all the mistakes and go through the pain I've had, to arrive at where I am today. 

Let's go inside.

Resource Links:

Episode Highlights:

Intro[00:00] What Your Overall Situation is Going to Dictate the Type of Strategy That You Choose [01:02] You Can Always Change Your Plans [03:26] Find the Best Quality of Established Property [05:16] Ace Money Management and Learn How to Save [07:56] Don't Get Fooled by a Short-term Growth [09:38] Stay Away From Shiny Objects; Most of the Time, It's Too Good to Be True [11:57] Focus on Just One Thing and Be Great at It [15:59] Outro [18:19]

Thank you for tuning in! If you liked this episode, please don’t forget to subscribe, tune in, and share this podcast.

Connect with Perth Property Insider:

See omnystudio.com/listener for privacy information.

Today I'm going into some of the questions that are getting asked in our Perth Property Investment Facebook Group and it's going to be interesting!

You may not be in the same specific situation, however, what I think is valuable is for you to see my thinking, my strategy, and how I approach decisions. There's potentially a lot to be gained by adapting this process to your situation. That's why I'm sharing and that's why these episodes have been so popular in the past. 

I have some juicy questions today!

"Should we buy in a certain area we're looking at?"

"Can you purchase a property anonymously without the person selling it knowing who you are?" 

Also, looking at some sequencing when you're trying to upgrade your home and "Do you keep your property as an investment?"  And some advice as to how I look at that situation when to sell, when to buy, and should you hold. 

Then we look at Joondalup as a suburb. Whether it's worth buying an apartment or not. 

Going into some of the comparisons between units and houses and how they performed in the past. 

We're going into some of the options that a lot of investors weigh up. Buying a newer home or an established property, and the pros and cons of each. Then I'm going over paying off your mortgage VS. investing and paying off a mortgage later. 

And finally, I'm covering my thoughts on NRAS properties. And it should be something that you consider when you're looking at investment options. 

So let's go inside.

Resource Links:

Episode Highlights:

Intro[00:00] My thoughts about buying in Girraween [03:02] Is It Possible to Purchase a Property Completely Anonymously? [08:38] What's a Bare Trust? [09:46] Consider the change over costs and focus on what is most important [14:21] Should I buy an apartment in Joondalup[17:20] Higher Maintenance is inevitable but worth it[23:05] Stay Away From Buying NRAS properties[27:14] Outro [31:34]

Thank you for tuning in! If you liked this episode, please don’t forget to subscribe, tune in, and share this podcast.

Connect with Perth Property Insider:

See omnystudio.com/listener for privacy information.

There's a HISTORICALLY low vacancy rate in the Perth rental market, and that can only mean that rents are going one way… UP! 

Plus there is plenty of activity in the Perth sale market, with lots of migrants and investors in the mix fighting to secure a property.

Join me as I dive deep into my Perth Property Market Update to give you an overview of what's happening in the market.

And that's why I'm calling Perth "The Quiet Achiever" at the moment. I'm gonna go into why in this episode.

Resource Links:

Episode Highlights:

Sale Market: Housing Markets and Unit Markets [00:58] Fast Growing Market Doesn’t Reflect for Overall Median [03:24] Perth Rental Market [06:14] Median Rent Has Spiked Up [07:55] Where Perth Sits Relative to the Other Capitals [08:52] Where Are We in Terms of the Overall Economic Clock for Australia? [14:04] Decrease in the Homeowner Lending [16:38] Interest Rates Increases Due to Inflation [17:42] Where Are We at in Terms of the Overall Economic Clock? [19:08]  Economic Forecasts From the WA Government [21:23]  What’s Going on in the Property Market [23:35] Outro [26:37]

Thank you for tuning in! If you liked this episode, please don’t forget to subscribe, tune in, and share this podcast.

Connect with Perth Property Insider:

See omnystudio.com/listener for privacy information.

Have you thought about selling your Perth property in 2023?...

I’m a big advocate of holding property for the long term and letting the power of compounding work its magic.

However, today I'm going into some of the reasons you should consider selling a property in 2023 and there are some that may surprise you. 

If you've ever thought about it in recent years, we are still in a seller's market so it could make sense to sell, especially when you weigh up opportunity costs for different life stages and whether or not the property is going to help you achieve your goals… Or it may not. 

I’ve also got a warning for every investor that is renewing their tenants lease.

So let's go inside and see if I can give you some clarity.

Resource Links:

Episode Highlights:

Intro [00:00] There Are a Lot of Investors Waiting for the Right Time to Sell Their Properties [02:09] We Have a Solid Year Ahead of Growth for Perth[03:17] What Does Waiting Mean?[05:20] Don't Sign a Tenancy or Renewal for Any Longer Than a 12-month Period[06:59] You Have to Be More Risk-averse When You're at the Retirement Stage [09:27] A Real Estate Agent Should Care About Their Clients Rather Than Being Transactional [10:28] Outro [11:33]

Thank you for tuning in! If you liked this episode, please don’t forget to subscribe, tune in, and share this podcast.

Connect with Perth Property Insider:

See omnystudio.com/listener for privacy information.

Good day, and welcome to another episode of Perth Property Insider. I'm your host Jarred Mahon. 

Today, I'm talking through strategies for transitioning to retirement and having a greater passive income. I really wanted to touch on this because the idea came from some of the members of our Perth Property Investment Facebook Group. I really appreciate all the ideas you've been sharing with everyone about topics you want to see covered. 

So if you're not a member of the group, head on over to Facebook and search Perth Property Investment. We're the biggest Facebook Group for Perth-focused investing. Check it out, and jump in there and let me know some of your ideas for future episodes as well. 

But I don't see this phase ever really covered. Everyone talks more about the acquisition and the exciting phase one, where you're buying properties and potentially adding value to them and this kind of thing. But what happens after you've got enough properties? How do you ensure that you properly consolidate and get to the income or retirement phase? That's what we're going to be covering here today—strategies to do that effectively. 

Let's go inside.

Resource Links:

Episode Highlights:

Intro [00:00] The Consolidation Phase is Having a Good and Clear Strategic Plan for Your Target Income [02:08] What Does Having Financial Freedom Looks Like [03:34] How Should You Pay Off Your Home [05:20] Why Pay Off Your Home Before You Pay Off Your Investments [06:29] Having Flexibility in Paying Into Your Offset Account is a Great Idea [08:07] Why Else Would You Want to Pay Down Debt Instead of Just Making More Investments [09:56] What's Best for Your Specific Situation [12:30]  Outro [13:27]

Thank you for tuning in! If you liked this episode, please don’t forget to subscribe, tune in, and share this podcast.

Connect with Perth Property Insider:

See omnystudio.com/listener for privacy information.

On today's show we are taking a very deep dive into what's in store for the future of Perth and how it's likely to affect property. 

Who better to talk with on this topic than Grant Dusting from McCrindle who is a social researcher and futurist. 

We'll be delving into some really interesting topics including what is predicted for our future population and housing trends. As well as what's expected for the economy and how all these things can potentially impact our property market and the types of properties that may be desirable and in demand. So, lots to cover today. 

Let's go inside.

Resource Links:

Episode Highlights:

Intro [00:00] Perth Vs. The Other Cities in Australia (Demographically Speaking) [02:29] Comparison of Cities When It Comes to Infrastructure [04:34] Perth is More Than a Lifestyle City [07:13] Visionary Projects Attract People to Live in a Certain City [12:23] Suburbs With Intense Population Growth is Not the Greatest Investment [16:06] Covid-19 Was a Curveball for People Doing Population and Economic Modeling [19:22] Your Home is Also Adapting to Your Changing Needs [22:13] Housing Differs From the Cultural Upbringing of People [25:26] Standards Are Rising When It Comes to Retirement Homes [29:30] Global Comparison is Extremely Important [33:53] Perth CBD is an Area of Opportunity [39:17] Outro[41:13]

Thank you for tuning in! If you liked this episode, please don’t forget to subscribe, tune in, and share this podcast.

Connect with Perth Property Insider:

About the Guest:

Grant Dusting is a social researcher and the Director of Strategy at the internationally recognised McCrindle. With a background in public policy, community engagement, and boardroom experience in the NFP sector, Grant is experienced in advising organisations on how to respond strategically to current and future trends.

Grant brings a wealth of research experience to his engaging presentations and consulting. He loves providing data-led insights so decisions can be made with wisdom and stories told with clarity.

See omnystudio.com/listener for privacy information.

Today, I'm really excited to have another one of my favorite authors along for my special holiday series to inspire you with some great reading and in this case take you deeper into one of the most valuable skills you can have in all areas of life. 

Today, I've got Michael Yardney, the CEO of Metropole Property Strategists, and he's the author of the international bestseller “Negotiate, Influence, Persuade: How to Persuade Others to Do What You'd Like Them to Do.”

I think it's a very underrated skill that we can all learn. So, I wanted to get the guy who had written the book on it to upskill us. Let's take a deep dive into how to become a power negotiator. 

Let's go inside.

Resource Links:

Books Mentioned:

Episode Highlights:

Intro [00:00] Being a Good Negotiator is an Important Skill That Property Investors Need to Learn [01:34] Life is One Big Negotiation; We Negotiate All the Time [03:57] Michael's New Book is for Salespeople and Consumers as Well [05:27] Australians Are Not Good Negotiators [06:33] Sometimes Emotion Gets Its Way of Investing Property [09:13] Negotiation is a Skill You Can Learn [12:31] Everything is Potentially Up for Negotiation [13:47] Treat Negotiation as a Game to Detach Your Emotion a Little Bit [16:47] Diving Deep Into Three Leverage Points in Negotiation [22:07] Biggest Mistakes You Might Be Making in Property Investing [25:11] Silent Sales Benefit of Buyer's Agent [32:34] Outro [36:10]

Thank you for tuning in! If you liked this episode, please don’t forget to subscribe, tune in, and share this podcast.

Connect with Perth Property Insider:

About the Guest:

Michael Yardney, whose books have been translated into 5 languages, is Australia’s leading expert in the psychology of success. His team has been involved in well over 3.5 Billion Dollars’ worth of successful property transactions, making him one of the country’s top experts in negotiation.

He is a regular commentator on television and commercial radio and has a regular column in Yahoo Finance, Your Investment Property Magazine, and Smart Company.

Michael’s Property Update blog has been voted the world’s #1 real estate website for 2017, 2018, 2019, and 2020, and his popular Podcast regularly ranks amongst Australia’s top business podcasts.

Michael has probably educated more successful property investors than anyone else in Australia and has again been voted Australia’s leading property educator and mentor.

You can buy the e-book or/and hard copy of Negotiate, Influence, Persuade: How to Persuade Others to Do What You'd Like Them to Do here: https://negotiateinfluencepersuade.com/

See omnystudio.com/listener for privacy information.

Today for our New Year's Eve week, I'm bringing you a very special episode with the  author of one of my favorite property investing books of all time!... 

Come to you from the United States, I’m talking with John Soforic, who wrote “The Wealthy Gardener: Lessons on Prosperity Between Father and Son”. 

An absolutely wonderful and key book for every property investor to read. 

It's part story, part principles. It is a combination of eastern and western philosophies in it that are absolutely essential for growing your wealth and leading a prosperous and fulfilling life. 

I'm going to have a lot of fun unpacking some of those key principles and takeaways with John and why I got so much out of reading the book, and I think you will too. 

So let's go inside.

Resource Links:

Books Mentioned:

Episode Mentioned:

Episode Highlights:

Intro [00:00] Getting to Know John Soforic [01:51] The Story Behind the Wealthy Gardener and How It Became the Labor of Love [03:22] A Healthy Mindset Penetrates Past the Intellect [06:20] You Should Have the Seeds of Desire That Motivate You [07:35] The Way of Life is the Secret to Reaching Financial Freedom [09:28] Use Your Free Time to Build Yourself and a Healthy Mindset [12:59] Our Society Focuses on the Don'ts That Affect Wealth Creation [16:05] How John Turned Luck in His Favour [18:38] Learn to Wait for Wealth Season and Avoid Being Impatient Towards Your Goals [22:52] Success is Easier to Accomplish if You Have a Clear Goal [27:13] The Principles You Should Have in Building Momentum in Your Business[32:01] Positively Using Discontentment [34:09] Self-mastery Contributes to Wealth Creation [36:12] Why Do People Don't Like to Save Money? [39:09] John's Upcoming Book is for City Kids Who Want to Get Ahead in Achieving Financial Freedom [44:59] Outro [48:32]

Thank you for tuning in! If you liked this episode, please don’t forget to subscribe, tune in, and share this podcast.

Connect with Perth Property Insider:

About the guest:

John Soforic is a real estate business owner and enjoys total financial freedom. He wrote The Wealthy Gardener: Lessons on Prosperity Between Father and Son to distill his wisdom on money and success for his son, who was entering adulthood. He has lived in Mount Pleasant, Pennsylvania, with his wife, Patti, for over 30 years.

You can place your pre-orders on his upcoming book here: https://wealthygardener.com/contact-us/.

See omnystudio.com/listener for privacy information.

I'm absolutely like a little kid in a Christmas candy store because I've got one of my all-time favorite authors on the show!... Steve McKnight, the author of “From 0 To 130 Properties In 3.5 Years.” Which is the fabulous book I read when I was 20 years old, giving me huge inspiration for my investment journey.

Today, we've got him on the show chatting about what he's been up to for the last few decades, as well as his new book, “Money Magnet: How to Attract and Keep a Fortune That Counts”, which has been very much my focus of the podcast over the last few months. 

Your inner game and mindset is far more important than the tactics and the how-to, so I couldn't be more aligned with Steve, and I'm sure it'll inspire you to pick up his book to read across your Christmas break, and this is going to be a great episode. 

Lets go inside!

Resource Links:

Books Mentioned:

Episode Highlights:

Intro [00:00] What Got Steve Into Property Investing? [01:49] How Can You Achieve Financial Freedom During This Time? [04:00] You Don't Reach the Summit by Going Downhill [05:14] In Owning Properties, It's Good to Choose Quality Over Quantity [05:56] Steve Understood What He Wanted to Be: to Be Able to Control His Time [08:14] Smaller Deals Are Riskier Than the Bigger Deals [09:09] Steve Didn't Want to Be Defined by What He Did but What's His Outcome [10:28] The Importance of Knowing Your Compelling Reasons [11:21] The Space of Conscious Parenting [15:05] Is There a Strategy to Become Financially Free for Just a Short Time? [21:15] The Story Behind the New Book of Steve Mcknight, Money Magnet [24:55] You Don't Need a Lot of Money to Have an Impact on the World [29:35] Money Magnet is Steve's Legacy Piece [35:13] Savings Are a Store of Wealth, Not a Source of Wealth [35:05] The Love of Money is the Root of All Evil [44:15] The Proceeds of the Book Money Magnet Will Be Contributed to Help the Environment [45:57] Outro [47:53]

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About the guest:

Steve McKnight is an Investor, Author & Philanthropist. 

Aside from being an accomplished investor, McKnight is one of Australia's most successful business authors and acclaimed public speakers. 

McKnight is best known for his first book, From 0 to 130 Properties in 3.5 Years, whichfollowed his experience buying a large amount of property in a small amount of time, and in doing so, being planted firmly on the path to financial freedom. The book became Australia's #1 selling real estate book and sold more than 200,000 copies. It was awarded 'Business Book of the Year' in 2004.

His latest book, Money Magnet, was released in November 2022. Whereas McKnight's other books have a real estate focus, Money Magnet shares general wealth principles that he has used to attract and keep a fortune that counts

McKnight's current real estate portfolio provides an annual six-figure investment income which he uses to fund his financial freedom and to support the causes and charities close to his heart.

You can reach Steve McKnight here: https://moneymagnet.au/contact/ 

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Today, I'm going into the best and worst price performers of 2022… It's going to be a really exciting episode because not only do I love getting into the data; I love trying to make it usable and understandable for you. 

I think when we go deeper, you're really going to see what sort of growth has occurred and where this year. It's also going to open your eyes as to why at the top-level, the Perth median house price can be very deceiving, especially if you're an East Coast investor and you don't know what's happening on the ground here. 

I'm also covering what sort of rental yields are on offer across the Perth market and where to go if you are chasing a strong rental yield for cash flow. 

I'm going to give you my advice around how to use median price data where it can be distorted and how I fold it into my Trifecta Criteria to select an individual property, so lots to cover—going to be a very interesting episode. 

Let's go inside.

Resource Links:

Episode Highlights:

Intro [00:00] Understanding What is the Median House Price [02:52] How Can You Use the Full Potential of the Median Price Data [05:17] This is Why You Shouldn't Be So Obsessed With Growth Sales [06:29] Where Has Our Growth Been Over the Last Year [08:54] Where's the Growth in the Median House Price Coming From? [11:45] The Median Price is a Reflection of What the Suburbs Are Doing [14:47] Report About the Rental Yields in Perth This Year [16:40] How Should You Break Down Your Suburb Selection? [19:24] Shorter Term Statistics Are Also Important [21:29] Outro [22:22]

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Today, we're going to deep dive into what low property management fees really cost investors. And it's not so obvious on the outside because the majority of investors that are frustrated and moving to us each month come with a lot of assumptions that we're all the same, and they don't actually know what is worth paying for. 

Once they've experienced bad service, they're a lot more willing to pay that little bit extra and invest in a service that will improve their returns and give them peace of mind… but what about those investors who are starting out?

So, I wanted to pull back the hood and run through all the aspects of this decision as its never just about the cost of a service, it's about what it will give you. 

It's going to be interesting to take you inside the property management industry and show you how to navigate the crucial choice for who will fill this position on your investing team. 

Resource Links:

Episode Highlights:

Intro [00:00] Things to Watch Out for if Your Property Manager is Giving You Bad Service [01:16] Expensive or Cheap: Are All Property Managers the Same? [02:55] How to Weigh if You're Getting Your Money's Worth From Your Property Manager's Fee [07:48] Highly Experienced Property Managers Are Worth Paying for [10:01] Why Does Hiring a Property Manager With a Smaller Portfolio Better? [11:41] Do Recognition and Awards Matter When Choosing a Property Manager? [13:51] Keeping Promises Reflects the Credibility of Your Property Manager [15:08] You and Your Property Manager Should Have the Same Bigger Goal [16:38] Experienced Property Managers and Advanced Technology Are Investments for the Agency [19:31] Outro [22:50]

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About the Guest:

Jewayne Loong is a great communicator who genuinely understands the landlords' position while remaining empathetic to tenants' needs. Not only does Jewayne hold all the attributes of a tech-savvy generation Y, but he has a keen interest in property investing. He says, "Understanding and loving property investment makes me so much better at my job." Jewayne also shares his insights in his monthly blog, solving the problems tenants and landlords have with plenty of great tips and advice.

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Today I'm answering some of the interesting questions getting asked on our Perth Property Investment Facebook Group including:

Maybe I haven't been clear enough on us being one of the most highly rated and award winning property management specialists in Australia, servicing the whole of Perth.

So I'm gonna go into some of the reasons why it's so hard to find a good property manager and why we've got that solved. 

If you're not already a member, make sure you head over and join in the conversations, it would be good to get your input and you can get help from other investors too. So check it out on Facebook: Perth Property Investment Group. 

So let's go inside.

Resources Links:

Books Mentioned: 

Audio Book Mentioned:

Get Jarrad’s strategic advice towards your property purchase and development plans (https://www.investorsedge.com.au/invest-in-perth-property/)

Episode Highlights:

Intro [00:00] Jarrad's Book Recommendations for New Property Investors [02:15] Property Recommendation With a 500k Budget [05:45] Determining Your Strategy (Either Growth or Cash Flow) Can Direct Good Metrics for a Rental Investment Property in Perth [09:14] Local Growth-type Property is an Economical Way to Grow Your Asset Base [10:58] Why Do You Need to Increase the Capital Base First? [12:49] Harrisdale, Cannington, Maddington, or Gosnells? Which Has a Higher Growth Rate? [14:31] Does Anyone Know an Excellent Property Manager? [19:29] Raising Your Standards in Picking Your Next Property Manager [20:51] Outro [27:36]

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Today we've got Simon Pressley from Propertyology on the show to give us some of his national perspective on what he sees as an inevitable property boom ahead, that will end up solving the current rental crisis.

Simon is a property market analyst and award-winning buyer's agent based out of Brisbane so I wanted to get him on so he can take us through what he's seeing from first hand experience with his clients and from all of his research why he believes this to be the case. 

Unfortunately there looks to be a lot more pain for tenants until we get to the tipping point where governments will start seeing property investors as the solution to providing more rental accommodation. 

It will be an interesting episode, so let's go inside.

Resource Links:

Episode Highlights:

Intro [00:00] Simon's Accurate Prediction About the Property Boom That Ends the Rental Crisis [01:33] High Housing Demand Contributes Rental Crisis in Australia [02:42] Why Are There Only a Few Vacant Properties? [03:44] Shortage of Rental Accommodation Before Covid-19 [04:16] Population Growth Does Not Cause a Rental Crisis [06:14] The Dark Secret of Government-owned Rental Properties in Australia[07:48] Why Do Many Investors Are Looking to Sell Out [09:46] Government Has a Big Part in Rental Crisis Solution [12:05] Higher Volume of Property Buyers Impacts Price Growth [12:35] Does Government Incentives Help Lessen the Rental Crisis? [17:43] Outro[21:15]

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About the guest:

Simon Pressley is the founder and managing director of Propertyology and a Hall of Fame Inductee of the Real Estate Institute of Australia.

Having studied Australian real estate history to the nth degree, Simon has an intimate understanding of the complexities of property markets, the machinations of the numerous inputs, and the knock-on effect human actions have on property markets. There is no university degree or training course which teaches these things.

During the onset of COVID-19, every single bank and a big bunch of economists were predicting the biggest downturn in Australian real estate history. Simon was the only person in Australia to correctly predict that property markets would boom and that it would only take a few months for that to occur. 

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