What’s Your Property Negotiation Strategy?

Are you aware of how selling agents tie you to an inflated price for your new property? Negotiating for your new property, be it investment or your own home, isn’t just something that you jump into when you’re suddenly at the negotiation table.Negotiation is a learned...

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...

Post COVID-19 Lending – What to Expect

Have you ever walked into a bank with a mask on? I heard a bloke named Dillinger tried it. Didn’t go well for him! However, with the onset of COVID-19, banks have changed not only the way they interact with their customers, but also the lending process. Furthermore,...

If you’re a buyer, ‘gloomy’ is GREAT!!

How has COVID-19 Been Good for You? The property forecast at the start of Covid-19, back in Feb-Mar was gloomy. If you’re a buyer, ‘gloomy’ is GREAT!! Let’s face it, if you were actually struck down with COVID-19, that’s not good for anyone. There are some people who...

Don’t Worry! You’re Not the Only One.

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...

If Nothing Changes, Nothing Changes!

How many “property experts” do you know? Friends, family and workmates who all know the best property to buy, the best location and the best strategies. There are plenty of them and they are all ready and very willing to give you their advice. Here’s the best way to...

Strategies

“The best strategy of all is to use a Property Buyers Agent.
‘Buy and hope’ usually doesn’t get you to where you want to go”

At the end of your property investing, there should be a goal that stays uppermost in your mind from day one! It’s a particularly poor idea to spend hundreds of thousands, or even millions, of dollars to have it just sitting there being of no benefit for you. There must be a reason for the investment of such large amounts of money not only in an investment, but in the particular investment strategy that you choose. There are several property ownership strategies that are relatively simple and more common amongst new home buyers and novice, or even experienced, investors. There are also several more complicated strategies employed by experienced investors and investment companies.

Property strategy considerations:

What is the benefit for you?
What is your exit plan?
How long do you intend to own it?
Are you renovating for a quick profit or holding for 20-30 years for capital gain?
Will it be your principle place of residence?
Will it put money in your pocket or will it be a possible tax claim consideration?

More Considerations

Although a property buyers agent will complete due diligence on your property, ALWAYS DO YOUR OWN DUE DILIGENCE AS WELL. Only you know your situation in detail.

1. Don’t trust real estate agents or investment hustlers. They want your money and will tell you whatever is required to get it.
2. Trust PPBA; we work for you, not for the vendor.
3. Build a good team around you which may include:
  1. Buyers agent
  2. Conveyancer/legal
  3. Mortgage broker
  4. Accountant
  5. Financial Advisor/Planner
  6. Tradesmen

Your strategy is exactly that: YOUR strategy. Your strategy needs to be decided in consideration of your needs, your ability to service your chosen debt and very importantly, your goal!

No strategy, be it simple or complicated, is necessarily any better than another and takes into consideration your unique situation, your aversion to risk, the potential and likelihood of benefit in addition to other aspects of investment.