Forum Replies Created
Personally, when faced with criticism, I try to do the following:
– Control my first reaction. Even if my first impulse is to get angry, defensive or aggressive, I usually take a minute and not say anything. Usually, these impulsive feelings melt into thin air and it’s better to wait or else I might regret having said something that I didn’t mean.
– Try to convert the ‘heat’ into positive energy, by thinking positively. Criticism is an opportunity to improve, to come up with new ways to solve problems, to practice active listening, and basically to learn something new.
I would also like to mention one of Aristotle's famous quotes:
"Criticism is something you can easily avoid by saying nothing, doing nothing, and being nothing.”
Cheers,
Emil
Hi there,
I’d say that The Northern Territory is the perfect area for you to find a property under $250k with promising high returns. Darwin has been Australia’s market leader since 2004, offering gross rental yields of 6%. According to realestate(dot)com(dot)au, at this point there are 67 properties for sale in NT with prices below $250k and 18 of them are from Darwin and its surrounding suburbs. RP Data, SQM Research, Property Observer, and Australian Property Monitors offer lots of information and can really help you identify the suburb that best fits you.
Cheers,
Emil
Hi,
Serviceseeking(dot)com(dot)au presents the Eastern side of Brisbane as offering the highest revenue potential in terms of buying property and then renovating it for investment purposes. It is closely followed by the Southern side. Suburbs located 3 km to 10 km away from Brisbane’s CBD are a smart investment choice, recording increased buyer activity, with property values going up. Before you decide where to make your purchase, research the level of price disparities within a suburb, buyer demand, and the area’s economic drivers.
Cheers,
Emil
According to RP Data, Melbourne’s median gross rental yield during the first quarter of 2013 was:
– 3.6% for houses
– 4.4% for units
Yields are expected to increase from now on, as auction results on the property market in Melbourne show weekly growth.
Cheers,
Emil
Hi,
According to realestate(dot)com(dot)au, the latest median prices for recently sold properties are:
– $380,000 for houses
– $265,000 for units
The demand is pretty high, figures showing that there are approximately 11 people looking per house within Bundamba.
Cheers,
Emil
Hi,
According to Property Observer, 5 suburbs in Melbourne record as offering high economic potential for future growth:
1. Thornbury
Over the last 22 years, Thornbury saw an impressive growth of 21% per annum. The average median price of houses is now around $432,000, so the property market is very appealing to investors and homebuyers.
2. Spotswood/Newport
Over the last two decades, Spotswood and Newport have shown a steady growth of 14% per annum. Apartments are still available below the $535,000 average price.
3. Box Hill
The median price for units and apartments is quite affordable at $467K. Box Hill is a major commercial centre and transport hub with many amenities.
4. South Yarra
Prices have fallen considerably in South Yarra, making it a leading destination for investors and homebuyers. One-bedroom apartments can be bought well under the median price of $620,000, making it a great purchase for anybody who wants to live in a highly desirable location.
5. Frankston
Frankston offers highly affordable prices, starting from $350,000 for houses and $270,000 for units. This suburb is close to the beach, and the development of a local marina will inject capital and add value to the area.
Cheers,
Emil
Hi,
Registering 5.8% rental yields for houses and 6.2% for units, Darwin ranks as having the highest returns. Also, in 2012, the city experienced a 16% increase in house rent prices and a 20% increase in unit rent prices. The next best performing city is Perth.
Out of the states you mentioned, I would choose QLD, as Brisbane has shown very promising growth indicators, over the last quarter.
Cheers,
Emil
Sunbuild Invest
Hi,
Your equity base is strong enough to allow you to easily buy two units for investment purposes. What to consider: location (I suggest boom towns and property hotspots, because the demand for rent is high and the gearing conditions are positive), depreciation and tax deductions, and a mortgage broker who can offer professional service. Time is on your side right now, look at Darwin or Perth for example, they offer you 6% rental yields. The returns of a well-chosen property pay off in the long run.
Cheers,
Emil
Sunbuild Invest
Hi there,
Websites provide unique and relevant content, and Social Media channels are used for promoting that content. They go together hand in hand as an important part of your online brand marketing strategy. Social Media increases visibility, number of leads, and conversion rates. Use Twitter, Facebook, Pinterest, Linkedin, Google+, they are efficient and provide the perfect environment to engage with your prospects. Don’t expect miraculous results overnight, building an online presence takes time and requires consistency.
For best results, optimise your site and run an adword campaign.
Cheers,
Emil
Sunbuild Invest
Hi,
Things like this don’t usually happen. Follow-ups are never neglected by professional agencies, as they know that good service wins the game. Not to assist your clients is to defeat the purpose of having a real estate agency. I’d say you look for another one, there are plenty to choose from.
Cheers,
Emil
Sunbuild Invest
Hi,
Investors prefer units to houses, because prices don’t fluctuate as much.
To make the most of your investment, carefully consider the mortgage broker you want to work with, the depreciation and tax deductions, and the location. Check what’s fueling the local economy, choose a spot where the industry is active and produces jobs that attract people to the area. This will get you significant capital gains, not just positive gearing.
Cheers,
Emil
Sunbuild Invest
Hi there,
A 5% yield is good news. Darwin and Perth rank as having a 6% yield, the highest in the country, so your property from Victoria is doing very well. Besides that, cash flow is also influenced by depreciation. For best results, work with a specialised company to maximise your tax deductions. Also, contract a savvy mortgage broker for a good loan. When these two factors successfully combine, you get positive gearing.
Cheers,
Emil
Sunbuild Invest
Hi,
If I were you, I’d definitely choose the larger apartment. The 16 sqm difference is a decisive factor, given the fact that we’re not talking about very spacious units. Say you had to choose between a 150 sqm unit and a 166 sqm apartment, then yes, pick the 2 storey unit with a street view. But since you’re dealing with 48 sqm and 64 sqm, I’d suggest you think practically and put space first.
Cheers,
Emil
Sunbuild Invest
Hi,
Here is the latest statistics, according to realestate(dot)com(dot)au and realestateview(dot)com(dot)au, for the 3 suburbs you mentioned:
1. Orange
– median house price – $349,000
– median unit price – $187,500
– demand – 4 people looking per house
– median age – 35
– weekly rent – $230
– weekly household income – $1146
2. Dubbo
– median house price – $267,000
– median unit price – $257,750
– demand – 8 people looking per house
– median age – 35
– weekly rent – $200
– weekly household income – $1052
3. Tamworth
– median house price – $479,000
– median unit price – $132,000
– demand – 3 people looking per house
– median age – 41
– weekly rent – $220
– weekly household income – $644
Personally, if I had to choose one out of the three locations exclusively, I’d go for Orange. But there are others, more promising in terms of rental yields and cash flow, like Darwin or Perth (rental yields of approx. 6%).
Cheers,
Emil
Sunbuild Invest
Hi,
Congrats on your investing strategy. It would be great if all beginners had your luck and expertise.
To answer your question, I believe that developing a few units is the best choice. Don’t stress over negative gearing during the first years, as these property investments offer huge benefits on the long run.
Cheers,
Emil
Sunbuild Invest
Hi,
Considering that it's your dad you are talking about and that you both earn good salaries, I wouldn’t worry about negatively geared cash flow in the beginning. Investing is a process and it will completely pay off in the long run.
Cheers,
Emil
Sunbuild Invest
Hi there,
At this point, in most Capital cities, high demand and low construction approvals are generating increased activity on the property market. On the other hand, the regional areas, with lots of land available, are experiencing a slower rhythm of economic growth. This will change soon, as low affordability makes people shift towards these areas.
Cheers,
Emil
Sunbuild Invest
Hi,
In 2006, the US house prices reached the highest level. According to Business Spectator, the evolution of the nominal house prices in Australia compared to the US 2006 peak is as follows:
2006: the reference point
2007: +10%
2008: +25%
2009: +18%
2010: +35%
2011: +42%
2012: +37%
The main difference between the US and Australia is that in the US there was a huge over-supply. In Australia, the demand is constantly increasing due to an exponential population and economic growth.
For 2013, Andrew Wilson, senior economist at Australian Property Monitors, forecasts a 3-5% national growth, and BIS Shrapnel managing director Robert Mellor expects a growth between 2 and 8%.
Cheers,
Emil
Sunbuild Invest
Hi Nick,
Congrats for your gift, this opens up a lot of possibilities for you. It’s going to be exciting, but finding the right path implies hard work. Regarding mortgage, it’s mandatory that you find an experienced financial and loan adviser, in order to reach maximum potential of your income.
As a rookie investor, you need to do a lot of research and ask for the advice of more experienced investors. The constant house price increase can bring you important capital gains, but investment must be made wisely. I suggest boom towns and hotspots, because the demand for rent is high and the gearing conditions are positive.
Cheers,
Emil
Sunbuild Invest
Hi,
There are several essential aspects you can’t neglect if you want to make buying off the plan a significantly more affordable alternative to buying already built property. First of all, the builder’s reputation is important. Choose a company with a solid track record in delivering on-time and on-budget projects. Pay attention to construction terms, deadlines, and overall speed of building. The schedule of finishes and a good defect clause are also things to consider when buying off the plan, in order to make sure that the builder didn’t implement cost-cutting procedures.
Cheers,
Emil
Sunbuild Invest
