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The Urban Property Investor Podcast uncovers answers to the critical “what” “why” “where” and “how” of investment using behavioural economic insights into how everyone can prosper in the cities of tomorrow as investors of today. This podcast goes beyond investing in 2020 and tackles ways to bulletproof your investment plan by understanding influences on people, place and property.
Investing in property for the first time can be exciting and thrilling. It can also be very, VERY confusing, and not to mention scary. This is our future we’re talking about, and there’s money at stake. We don’t want to stuff it up.
As a beginner to property investing there are some important things to remember and steps to take if we want to get off to the best start.
Investing is a lot about you and your ideals. You’re going to need to sort out your finances and determine what kind of properties to look into, but first and foremost you’re also going to have to choose a location to invest in.
In Australia, property investors are quick to jump at the big two markets: Sydney and Melbourne. It makes sense, that’s where most of the urban population live so demand is clearly there.
Sydney and Melbourne are global cities meaning they are overrun by people and struggle to keep up with infrastructure and change. They have no room to grow.
As our economy becomes more decentralised, we’re starting to see real estate investors become smarter with where they choose to buy.
Rather than seeking out areas of population growth – savvy investors know to look for neighbourhoods where knowledge is a big source of growth.
Knowledge areas are populated by smart businesses, smart governments and above all, smart people. These are people who are skilled, and generally come with money to spend which in turn results in a strong local economy.
During the first quarter of any new year, it’s a good time to look back, reflect and see what we learned in the previous 12 months that can help us keep moving forward. As property investors there was a lot to take away from 2020.
The impact of COVID-19 on the economy, falling interest rates, a drop in foreign investment and a stall in new-build construction all collided to make 2020 one of the most challenging years in real estate we’ve seen in decades.
But with every challenge, comes opportunity. Taking what we learned and saw in 2020 and making it work for us this year (and into 2022!) is what makes smart investors successful portfolio profiteers.
Let’s look back and see what we can learn from last year to propel our goals and outcomes that much faster in 2021.
Did you know that only 25 per cent of real estate is desirable? That means we have to wade through the other 75 per cent of dysfunctional, dying or outright dead properties, to find something worthwhile. In order to be successful property investors, we must first learn the psychology behind what makes a home worth purchasing in the first place.
Unfortunately, this is a huge challenge in real estate, and the consequences of owning something other than desirable, could be the loss of thousands of dollars at auction time.
Take a walk around your local area and unless you live out in the middle of the bush, it’s likely that you will walk past a construction site with new build properties going up.
New properties are being built all around the country right now and will help to house the increasing population as we go through the next few decades.
But if you want to invest in new properties there are certain things you need to look out for to ensure your property is a smart investment. Ask yourself…
If you live in one of our major cities, chances are high that you’ve heard or read about foreign investment in Australian property. But what does foreign investment do to property prices? What does foreign investment mean for Australian investors? How does foreign investment even work, and why is it such an attractive proposition for overseas buyers?
What do we need to know about real estate in 2021 that can help us be smarter and more successful investors?
And what can we learn from the past?
When it comes to real estate and what motivates and attracts us as buyers, renters or tenants, the past few generations have seen a dramatic change in what we desire from property.
Becoming even more wealthier from real estate is now a thing of the future…the immediate future.
According to Bill Evans, the Chief Economist at Westpac – 2022 is promising big numbers for capital growth. Brisbane – 20 per cent, Perth – 18 per cent, Sydney – 14 per cent and Melbourne – 12 per cent.
How do we know this? Josh Frydenberg, Treasurer for the Australian Government announced it last year…
The future of real estate is looking very different to the past which is largely being driven by a phygital world.
It’s called phygital because it’s part physical, part digital, and it’s creating colossal change in the landscape of real estate with a rebirth well and truly set to come.
Now we understand today that it is now possible, and often practical, for us to work from home. Therefore, your choice of real estate has become an even greater consideration.
Does the property offer a nice backyard or a good balcony to stretch your legs? Does it have a study or a spare room which you can use for work? All of a sudden, the idea of real estate has morphed into not just being a place where you go to sleep, but a place where many now work too.