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You Heard It Here First

You Heard it here only a few months ago!     For the last few months our good friends (not), the banks, have been slowly pushing up the rates on fixed term loans and yes, you guessed it, all the other rates will probably follow in the very near future....

How Busy Has It Been?

Wow! Has this year been super busy or what? Who would have thought that we would see a market like this in our lifetime and especially riding the back of a global pandemic? As far as property searches go, some people are just “over it!”.Having said that, there are the...

Do You Buy Now or Drop Your Standards Later?

Choices are getting difficult.For the moment at least, choices are getting harder to make. If you’re trying to keep up with property prices by working harder and saving more, you’re currently fighting a losing battle. Right now, you’d be flat out keeping pace let...

If It Ain’t Broke, Don’t Fix It

This age old saying in the vernacular also works with mortgages. But why? Fixed interest rates on a home loan are often higher than variable rates, but it’s all dependant on the global bond market. Fixed rates are funded by the global bond markets, meaning the bank...

Why Haven’t Prices Plummeted?

We’ve got Covid, a recession and had lockdown all over the place, but property remains strong and seemingly getting stronger?We all remember the dire predictions in the press this time last year with most property pundits espousing everything up to a total collapse of...

How Many Property Booms Have You Missed So Far?

You can count them on this graph.Personally, I haven’t missed any since 1998. Can you guess why that is? The reason is because I bought my first property in 1998, so I’ve had my toe in the water ever since then. Sure, there have been a couple of slower periods in that...

How Fast is Your Dream Slipping……Ahh…..Powering Away From You?

Have you been keeping a close eye on the market lately? Haven’t we all! It’s hard to believe some of the crazy things going on at the moment. This makes it all the more important to take action so you don’t see your dreams like you see a jet fighter…………disappearing...

The Cheap Money Boom!

Are we really in a property boom period just now? Maybe, but is it really a property boom? What I believe we are seeing just now is the largest, most concentrated cheap money boom that I for one have ever seen in my entire life and I’ve lived a lot of my life, so...

Perfect Urban 5 Bed Oasis

522Have you got a ‘Brady Bunch’ family? Are Mum and Dad living with you?If either of these are true, this is the house for you. If you’re up for dual occupancy as an investment strategy, this works as well. The original home as a renovated self contained granny flat ...

Are You Positive that You’re Negative?

Jehoshaphat, “Negative gearing is the best property investment strategy”. Geraldine, “Are you positive?” Jehoshaphat, "Huh???" OK, so we’ve all heard about positive and negative gearing with regard to property investment. But which one is the best strategy? Put...
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Is it lack of knowledge, don’t know where to start or just plain fear?

We all know that it’s something that we need to be doing, otherwise we wouldn’t be here right now. What is it exactly then that’s holding you up? That’s the very first step you need to take to get into property. Buying a house, whether it be your own family home or for investment, is a huge step. No secret there.

An old mate of mine back when I lived in China, Confucius, once said to me, “Geoff, 千里之行,始於足下“。 Now, we all know that to be true, don’t we?

A “里/li” equates to a mile in China, but 1,000 li is actually 310.686 of our miles, roughly speaking. Either way, it’s a long way to be taking steps. Most importantly however, is the meaning of what old mate said, “A journey of a thousand miles begins with a single step.” There’s the problem for most of us right there. Agreed?

Imagine it! You’ve got a thousand 里 to go and you’re standing there, not having taken the first step yet. How tough is that first one going to be to make the commitment? BUT, once you take that first one, that thousandth mile just gets closer and closer. You start ticking off steps and they get fewer and easier.

Maybe our “first step” needs to be to determine the reason that we haven’t yet begun the journey and then deal with it.

Don’t worry! You’re not alone.
Most people hesitate in making the first move into property. There are as many reasons for this as there are people trying to make that all important “first step”. Let’s take a look at a few of the common reasons for hesitation. Also, remember the team that we spoke of a couple of weeks ago and how they can smooth out the whole process?
You need finance. This is obviously a no brainer. I don’t know too many people who can pay cash for their new property. Some can, but I can tell you I can’t. Actually, if I could, I’d be using that much cash as deposits on more than one property and obtaining loans to make up the balance.

These days, the best way to obtain your finance is to go to a reputable and independent mortgage broker. They can find the best loans from a large range of lenders to set you up in your own home or for your investment strategy. If you’re dealing directly with banks, big mistake! You get one option that they tell you is the best and that’s it. Here at PPBA, we deal with some of Brisbane’s best local mortgage brokers, so if you would like us to put you in touch with them, please contact us. It’s best to have an initial chat with your local broker who understands local conditions to see what your options are. We can also access private financiers if that suits your situation. That is, private investors who will give you your loan, quite often at better than any rates elsewhere. Nothing can start without finance. At PPBA we just know our partners are good at what they do and that’s why we deal with them.

Need a conveyancer. FACT: A poor conveyancer can kill a deal. That’s the last thing you need. It will waste all of your time, effort and money. Worse, you can miss out on your dream home and you have to start all over again. What you do want is accessibility, speed and reliability. You don’t need your conveyancer out on the golf course ignoring your calls when your deal is going down. PPBA can recommend a number of local conveyancing lawyers that we use ourselves.

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Need to sell your current home. Common reason and one of the biggest things to stop you moving ahead. While this doesn’t relate to everyone, this may be just part of your particular journey. Everyone’s journey will be different. Naturally, you want to obtain a good price for your current property, a quick sale and will need to engage a reliable real estate agent who will work hard to get you out of where you are so we can get into where you want to be.

Let us help you with that. We deal with many local real estate agents and we know who the good ones are. In fact, we have dealt with and will continue to deal with one of Brisbane’s most reliable and reputable real estate agents with many years of experience in the Brisbane market. If you need to sell your current home to move into the future, we can help you with that. When our clients need to sell their homes, we’ve got that covered. Contact us now and we can start the ball rolling for you.

 

 

Moving home. Just one of the many steps that need to be considered and money allowed for when you buy a new home. Having spent over 45 years in a military family, moving every two years, I can write a book about the big removalist companies and the damage they can do to your personal effects with untrained staff. Here in Brisbane however, PPBA has no hesitation in using our preferred removalist. A reliable and independent local business that bends over backwards to provide quality service with a trained and experienced team who take the utmost care with your valuable belongings.

Property management. When you buy your investment grade property, you need an investment grade property manager. Being an investor and landlord myself, I know what poor property managers can do to hurt your investment. Let me give you a short case study from my own experience: A tenant defaulted on the rent. It was the third month before the property manager decided to tell me. The tenant then skipped out without paying rent despite being given a number of options to allow him to catch up. The property remained vacant for three months with little interest being shown. I changed property managers, had the property rented within a week and has been fully rented since and the bond from the previous defaulter confiscated via the courts for the rent default. How different were those two property managers?

One thing to keep an eye on is; you get what you pay for. Don’t skimp on property management fees that put your property at the bottom of the list of available properties. For our investors, we recommend a boutique Brisbane property manager whose ability and quality is so good, he also trains and consults to other property management companies. We wouldn’t recommend anyone else for your valuable investment.

This is far from an incomplete list of issues that can stop you from achieving your property goal but outlines some of the main blockages that we can help you with. Our team has been selected over time, using our experience in the Brisbane and other markets. Our team kicks your goals.

Your first consultation with PPBA is free. What does that mean? It means it costs you absolutely nothing for you and I to catch up over a coffee (our shout) to chat about your property goals. I know that you now have them written down and sitting on your fridge or bathroom mirror as a daily reminder, as we arranged a little while back. Isn’t that right? Please reply to this email and tell me that’s right. So, maybe you have already taken your first step with that written down goal.

So, what is your first step?

The first step is to contact PPBA and have a free chat with us so we can get our team on the job working for you.

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