Did you know that spruikers can often mislead you with promises of "making quick money with massive profits" and that you can "retire at 30" through property?
Yeah, that unfortunately isn't as easy as it sounds.
Today, we're covering the "70-30" rule, socioeconomics, vacancy rates and more. Let's cut the BS and talk about the real story behind investment drivers and what you truly should be focusing on when looking to buy an investment property.
If you enjoy the show, do like, rate, subscribe, and share it with others! We have loads of resources available and if you'd like to chat, email us at [email protected]!
See you on the inside!
Episode Highlights:
1. The Igloo [02:21]
2. Why you need a good property manager [04:27]
3. Look at the socio-economic make-up of the area [07:11]
4. It's all about the people who live in the area & their income [10:26]
5. Be aware of the demographic data of an area [13:13]
     • The "70-30" Rule [14:12]
6. Why this podcast was created [16:27]
7. Check an area's unemployment rate & mortgage stress [18:35]
8. Spruikers and their tendency to talk about buying under market value [20:07]
9. Measure & research vacancy rates [24:02]
10. Study an area's sales history and price patterns [27:42]
11. Gentrification could be a factor for the growth of an area [28:45]
12. Look for good evidence of change in infrastructure [33:57]
     • Be on top of possible zoning changes [35:00]
     • Not all infrastructure projects push through in the end [38:24]
13. Look at the land component before you invest [39:29]
14. Yield: an overrated investment driver [40:51]
15. Understand where you are in the property cycle [42:53]
16. Choosing where to invest is just the first step! [43:59]
Links from the show:
If you enjoyed today's podcast, don't forget to subscribe, rate and share the show! There's more to come, so we hope to have you along with us on this journey!
How ready are you to buy your first home?

Veronica Morgan & Meighan Wells 

Veronica & Meighan are both licensed real estate agents who exclusively help buyers. Together they have nearly 40 years experience as property professionals.

Veronica is principal of Sydney based Good Deeds Property Buyers and is also co-host of The Elephant in the Room property podcast as well as Location Location Location Australia on Foxtel and author of Auction Ready: how to buy property at auction even though you're scared s#!tless!

Meighan is the multi award winning principal of Brisbane based Property Pursuit, chairperson of the REIQ Buyers Agent Chapter & a regular media commentator.

We are here to guide you through your home buying journey

How ready are you to buy your first home?