In this episode, we discuss the end game in property investment and house price growth. This includes playing clips from Jacinda Ardern's 7th December press conference, and several clips from the leader's debates.
We also talk about the rise in household income growth, which has been solidly above 4% for the last 12 years in New Zealand. This includes a massive 7%+ increase in incomes during 2018. This suggests that even if house price growth falls to the rate of income growth, house price inflation could be solid into the future.
We wrap up the show by asking for your help, to help us get to 100,000 downloads of the show per week. Right now, we are sitting just under 30,000 ... and with our 500th episode released we want to go further. As soon as we hit 100,000 downloads of the show per week we'll launch a national tour of the podcast. So please, rate, review and subscribe.
In this episode, we discuss how to negotiate down your interest rate with the bank. This includes making sure that you are asking for a rate-discount, and how much to expect you could get off your rates.
After the key tactics, we walk through how to make yourself look more attractive to a bank, to ensure that you're the sort of customer that a bank actively wants to attract.
If you've got an idea for a podcast episode, then give us a text. Our number is 5522. It would be great to hear from you.
In this episode, we discuss serviceability ... which answers the question "do I have enough income to get my mortgage approved through my bank?
We go through the minimum bank expenses that ANZ currently assumes that you pay each month, along with how that changes based on how many people you have within your household.
This episode is based on a minimum income calculator, which we recently released. This allows you to put in details about your household composition and see the minimum income you'd be required to have in order to get your next investment property approved.
In this episode, we discuss the latest property market data released from the Real Estate Insititute of New Zealand. Some of the key takeaways include that property prices rose by over 2% in the month of December ... and the number of homes sold in Auckland for the month was up 66% on 12 months prior.
We also detail the top concerns that buyers have in the market right now, and how those have changed over the last 6 months ... as well as the key factors that are motivating investors.
We also talk about the Property Academy Video Course. This is a 19-lesson property investment video course that teaches you the fundamentals of how to invest successfully in New Zealand real estate.
In this episode, we discuss how to be successful and win in Tender and Auction sales processes. This is the third part of our three-part series looking at each of the different sales processes we use in New Zealand, with how to be successful in each.
Here, we go through tactics you can use to pull on the human side of the person selling their property, such as writing handwritten letters ... or by offering a better deal, which you have the full intention to negotiate later.
But, we also want to know what tactics you use to win in each of the four sales processes. Perhaps you think we missed out a few crucial tactics. Send us a text to let us know. Our number is 5522.
In this episode, we discuss how to be successful In price by negotiations and deadline sales processes as a buyer. This includes a discussion of age-old negotiation techniques, such as crossing out prices, and whether these are still relevant in today's market.
If you're an investor looking for the right types of properties, then these techniques should help you have the confidence to negotiate and get a good deal.
Don't forget to tune in to tomorrow's episode, where we will talk about how you can be successful in tenders and auctions.
If you have a topic you'd like us to discuss on the show, then give us a text. Our number is 5522.
In this episode, we discuss the four main sales processes in New Zealand and when each one of them should be used. These include 'price by negotiation', tenders, auctions, and 'deadline sales'.
We conclude that the right process for you is going to be based on both the type of property you have and where your local property market is within its cycle. That's because some processes are geared towards markets that have more competition and others are better when there are less people looking for properties at the time you sell your house.
This is part of a two-part series. In the next episode (episode #495) we'll discuss how to be successful in each of these as a buyer of property, rather than as a seller.
In this episode, we discuss where the cheapest rates are in New Zealand as a percentage of the value of each property, along with why this matters.
This topic comes from a listener of the show, Barry, who wanted o know how rates are impacting the cashflow of property investors around the country.
We go through specific suggestions of new rates from councils like New Plymouth District Council, along with how some councils rates their residents.
If you have a podcast topic you'd like us to talk through, then give us a text. out number is 5522. It would be great to hear from you.
In this episode, we discuss at what point you should take profits from your property portfolio. This is both in terms at what point in terms of your financial life, and then also in terms of the property cycle.
Our conclusion is that it's only right to take profits from your portfolio as a long term buy and hold investor once you are comfortably on track to hit your long term goals, otherwise you'll be making a sacrifice. And that you shouldn't sell a property until property prices have flatlined.
We also mention a few calculators and tools to see whether you are on track to hit your financial goals. For instance, usse this retirement calculator to see what your retirement gap is so you can start closing it. For a more indept view, use this MyRetirement calculator instead.
In this episode, we discuss how to manage your property investment bank accounts so that you don't go into unarranged overdraft or miss an important mortgage payment.
The strategy discussed is to set up your accounts so that all rent from all properties goes into the same account, with all expenses also coming out of that account. This saves you from having to move money around and each property can subsidise each other temporarily if needed.
We also mention our property investment cashflow calculator. You can use this calculator to get a ballpark idea of the cashflow position of your property.
In this episode, we discuss prefabricated homes and how they could potentially impact the property market.
We reveal the fact that pre-fabricated properties already exist within New Zealand, with many residential property developers building walls and materials on production lines and assembling them on sight.
We walk through the potential opportunities for property investors and the relative costs of building on-site, v.s. building in-factory and assembling on-site.
We wrap up the show by mentioning the Property Academy video course. This 19 lesson property investment course teaches you the fundamentals of how to invest in property, here in NZ.
In this episode, we discuss the things in new developments that is concerning Andrew today, along with whether we are likely to see another leaky homes crisis – or something similar – in the future.
We wrap up the show by mentioning our Property Academy Video Course. This 19 lesson property investment video course teaches you the fundamentals of how to invest successfully in NZ property.
In this episode, we discuss how climate change and rising sea levels impact property investment. We answer questions like "what will happen if you invest in a property near the sea and sea levels start to rise" along with "how is coastal erosion impacting property investment?"
We take a look at a case study from Mokau in the Waitomo district to consider how coastal erosion is impacting property owners there ... and how early warning signs were potentially ignored.
Finally, we wrap up the show by mentioning the Property Academy video course. This 19 lesson property investment video course teaches you the fundamentals of how to succeed as a property investor in 2021.
In this episode, we discuss who our top 5 property lawyers are in the country. These are the property lawyers who we know, like and trust ... and can hand on heart recommend.
The five lawyers are:Sue Foley from Landley Law Shelley Funnell from Henderson Reeves Katherine Mexted from Convex Legal Penny Liu from Liu Legal, and Michelle Erasmus from The Conveyancing Shop
Have a personal lawyer that you think we should add to the list, or who we should meet? Send us a text. Our number is 5522. It would be great to hear from you.
In this episode, we discuss whether you should rent your property out to friends and family. Our feeling is that this is a big ... no. The reasons are:If you rent to family, you may undercharge rent and put yourself in a worse financial position If you are purchasing a property for a family member it may cause you to purchase a property that doesn't work as an investment property If you purchase a property for friends or family, you are restricted by location, which may mean that you buy in an area that doesn't make sense right now.
Instead, we give some alternatives for how you might like to help out friends and family if that is something that is important to you.
We wrap up the episode by discussing our Porperty Academy Video course. This 19 lesson property investment video course teaches you the fundamentals of how to invest in property within New Zealand ... for free.
In this episode, we discuss the exact financial point where you should consider getting started in property investment. In our view, you should get started when you can, which is at a minimum with $100,000 to $120,000 worth of useable equity in your property.
This will allow you to purchase an investment property worth $500-$600k maximum, if purchasing a brand new property.
We also walk through some common fishhooks that property investors miss when calculating useable equity off their own existing property investment portfolio.
Don't forget to check out the equity calculator that we mentioned in the show to see how much useable equity you have in your own home.
And if you have a topic you'd like us to talk about, send us a text. Our number is 5522.
In this episode, we discuss the three ways you can add an extra bedroom to a property ... either to increase its rental yield, or to increase the value of the property itself.
The three ways are: 1) dress a room differently with furniture, painting or recarpeting to point out that it could be used as a bedroom, 2) Add a partitioning wall to carve up large lounges and bedrooms into smaller rooms, or to repurpose an existing room, and 3) build an extra one on to the property itself.
This topic comes from a listener of the show, ay. If you have a topic you'd like us to speak about, then let us know. Give us a text. Our number is 5522.
In this episode, we discuss whether you will have to pay a break fee when selling your property ... this is a cost that many investors will miss when making changes to their portfolio.
We discuss when you'll have to pay a break fee and also go through the other costs and fees many investors miss when making changes to their portfolios.
We wrap up the show by discussing the new Property Academy video course. This 19 lesson property investment video course teaches you the fundamentals of how to invest in property in New Zealand.
In this episode, we discuss how to set up a successful joint venture partnership so that you can invest with other people. Investing with other people means that you can invest faster and benefit from the skills that others have.
We detail the three things you can potentially bring to a partnership: time, skills or money (both income and equity) and a few ways that you can set up a JV both as a passive and as an active property investor.
We wrap up the episode by mentioning the Property Academy video course. This 19 lesson property investment video course will teach you the fundamentals of how to invest in property in New Zealand.
In this episode, we discuss the top performing suburbs within New Zealand for 2020. This is based on the Best of the Best report from Core Logic, which shows the suburbs that had the highest and lowest growth yields, as well as highest and lowest growth rates. Access the report here.
We reveal and summarise all of the data, including revealing the suburbs where properties took an average of just 7 days to sell in 2020.
We also mention the Property Academy video course. This 19 lesson course teaches you the fundamental of investing in property for free ... you don't even have to put your email address in.