SEPTEMBER 2014 – IT’S RENOVATION TIME
IN THIS ISSUE: Monthly Highlights
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Reports you should read
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Magazine Summaries
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Magazine Summaries cont.
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FREE Resources
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MONTHLY HIGHLIGHTS What a great month I got to indulge in all things property. I had a blast at the Melbourne property show. It is always fun catching up with dynamo Money Magazine editor Effie Zahos, my mate Bryce Holdaway from Australia’s Location Location TV Show, Bradley Beer from BMT and so many more. I then caught up with buyer’s agent Cate Bakos and interviewed her for my Investors Choice Mortgages Diamond clients. She shared a secret for those buying in Melbourne. Did you know that the period between Spring starting and Grand final weekend is when there is an influx of properties on the market but the focus is on footy so no buyers are out looking? Which makes the first 6 weeks of Spring a buyer’s market. The seller’s sentiment is reduced and there is a small window of opportunity to buy at a great price without a lot of competition. So watch the Melbourne property market and see if you can grab a bargain. Then last night I got a sneak peak of the completed TheBlock Glasshouse. Wow! So they banned my camera but it was fun meeting Michael, Carlene and Chris. Now here is some inside gossip. They finished all the rooms 3 weeks ago, and have been home for a while. The best part is that I got to see all the finished rooms. What is it with all that copper? A wooden bath tub and outdoor showers in Melbourne?Overall though there are some amazing design pieces and these guys have done a nice job. Would they make money out of the Reno if it was not on TV? We know the answer to that but hey it is TV and fun. Anyone who has lived through a renovation knows it is tough, but these guys seem to have it a bit rougher than most. They were given 2 weeks to pack up house and home, get 14 weeks off work, somehow live on a small living allowance and cover their mortgage at home and don't forget living under a microscope. For more information on all the rooms and reno headaches check out my new Facebook page https://www.facebook.com/TheUltimateGuidetoRenovation However the fact is not all of us are fortunate enough to have a TV show funding our renovations. Budgeting and planning are the key to renovation success. I want to show you not only how I did it but share some of the techniques and tips on how you can too. So don't miss this webinar 25thSeptember, I want to show how renovation is the key to your wealth building. I will show how the average family can put $1million in the bank in 15 years if they follow the steps I show, with just two investment properties! So this month don't miss all the special renovation videos. Here is the first – How to get the Luxury Bathroom lookhttp://ultimateguidetorenovation.com.au/luxury-bathroomsecrets/and I have many more coming up for you. Make sure you open the emails as I am going to send you three amazing videos that are so crammed full of my best tips you will be replaying time and time again. So keep your eye on the inbox! Till next month and here is to your property success, Jane SEPTEMBER|2014
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Reports you should read Herron Todd White ‘Safe as houses’, we have all heard the saying but where is safe? Glad you asked because HTW goes around the country and names the suburbs that you should consider. CLICK HERE to download.
Houses vs Shares? So is property better than shares? John Edwards from Residex makes a case for houses and shares as investment assets, with houses providing a strong return for long term investment, while shares prove best for yield in the short term. If you are in any doubt read this assessment.Click here to read his blog
Capital City Market Conditions at a glance A quick look around the country to see what stage the markets are in. Data is sourced from Herron Todd White.It looks like Canberra is the late bloomer this cycle. Source September 2014
ANZ Housing Update – HOUSE PRICES MAINTAIN MOMENTUM “Expect house price momentum will ease in the second half of 2014 with house price growth in Sydney and Melbourne in particular likely to be weighed down by deteriorating.”Click here for the full report.
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RP Data - Wrap Watch this 10 min video – for a quick recap on the state of the market according to
the RP Data and Rismark home value index.Capital city dwelling values moved 4.2 per cent higher over the three months of winter, the strongest capital gain over the three months of winter since 2007. Onceagain driven by dramatic capital gains across the Sydney and Melbourne markets where values recorded a 5.0 per cent and 6.4 per cent lift.
RP Data – Property Capital Markets Reports There is great information packed in this report subscribehere to the report and enjoy. Did you know…‘The residential property market is Australia’s single largest, and most valuable asset class with a total estimated value of $5.2 trillion as at January 2014. In comparison the total value of listed equities is almost 3.5 times smaller at $1.52 trillion. Over the past year, national gross domestic product (GDP) was recorded at $1.53 trillion indicating that the total value of residential housing is significantly larger than the annual output of the Australian economy. Clearly most Australian’s accumulate their wealth through residential property.’ Furthermore… “ The combined capital city home values reached a recent low point in May 2012 and over the 21 months from May 2012 to January 2014, home values have increased by a total of 13.2 per cent. Demand for higher density product is likely to increase over the coming years as the relatively high prices of detached houses deter potential buyers and force them to consider more affordable unit product. Recently released dwelling approvals data supports this notion with more than 50 per cent of all capital city dwelling approvals over the past year being for units rather than houses.” SEPTEMBER|2014
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Magazine Summaries and Reviews for the Month Money Magazine I love property and I encourage people to buy when they can afford it, with emphasis on the right location and the right price HOWEVER sometimes buying isn't right. In this month’s edition I answer a reader’s question. A father wants to help his daughter buy a home, and give her some of her inheritance now. However unlike the other expert who concentrated on where to buy I looked at this differently. In fact I encouraged him not to put his daughter in financial stress, after all she only earns $20,000 a year. I thought he would be better investing himself, leading by example for the next generation by showing her how to do it, rather than his daughter being limited to where she could live. He could then have agreat mix of yield and growth. Anyway, if you have looked at helping the kids out, then make sure you read this article. This month is also packed with the top places to buy if you are after yield, growth and infrastructure Terry Ryder shares his top areas and where. Don't miss this month’s magazine.
Your Investment Property Magazine Ok I agree the cover story '$1 portfolio debt free' had me hooked after all my mantra is 'with 2 investment properties and one renovation you can put $1million in the bank in 15 years'! (And even sooner if you want). The article is a year by year property by property purchase plan.Now the strategy shown does take 9 properties but it is another twist on how to do it. Recently I have spoken to quite a few property investors with household incomes less than $50,000 and portfolios worth over $1mill so I found myself nodding whilst reading the article on how low income families can invest. The buy, live-in, renovate and sell is just one of the great strategies discussed.
Australian Property Investor Magazine I was talking to the new editor of API at the Melbourne home show and she proudly took me through the new features of API. Talk about even more jammed packed! The new behind the scenes, in the hot seat and an upcoming Experts Mistakes sections are ones to watch. The later because I share my biggest property investing mistakes. Don't miss this month the State by State section in partnership with on the
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house you will see just where you should be targeting and here is a hint one of the capital cities is expected to have house growth by a further 17.42%, and John Edwards gives some thoughts why Brisbane is still waiting to move, but make sure you watch that space in 2015. Finally, don't miss the “where are they now” section. I just love seeing where people are who have been profiled in API in the past. Gautum has demonstrated that young people, without a family to help them out, can start investing in property and make property the cornerstone to wealth.
Smart Property Investment Magazine This month SPI reveal theirlatest Reno a great result for a small $10,000 budget, came in under budget at$9977. Now that is impressive!I can’t wait to see the next purchase. Don't miss the articles on how to access equity, how to exit your property portfolio and tips for buying in regional areas.This is the first time I have read about how to exit your SMSF portfolio.
We are frantically getting busy creating more content for those who will join us for theOctober intake and for those whoare already students and have ‘lifetime access’ to the on-line course. It is packed with bonuses, including a National Trade Discount Card, 3 months Subscription to the fabulous Suburb Search Software, a Private Masterminds Group, 12 Live Group Q&A calls, Checklists, room by room, task by task Budget Tool combining 20 years of Costing information so you can quickly assess the renovation potential plus so much more. The whole course is delivered with online video so you can do it where you want when you want. Download the videos, the audio or stream. We have made it very flexible and very affordable because we know to get the success for our students we need to deliver not just awesome content but I waysto learn that anyone will be able to use. If you are keen on learning a bit more then head to the website and watch the webinar that I have on there and make sure you register your interest now. http://ultimateguidetorenovation.com.au/ for more information and to register your interest for the October intake. I will be sending heaps of great FREERenovation Tips and Videos in the next few weeks. Enrolments are open for 4 DAYS ONLY so don’t miss it. Many missed out in March so make sure you are not left disappointed. We start our weekly Q&A calls the week after enrolments close. SEPTEMBER|2014
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Websites, Apps & Subscriptions you should sign-up for (mostly free) Apps for mobile devices seem to be the latest thing – there are certainly a lot of companies investing big bucks in free apps; I think they will become the new business card of the future so watch this space. Let us know about any you’ve found helpful enquiries@yourpropertysuccess.com.au
Great new decorating app and a competition Check out this tool from National tiles digital decorator http://www.digitaldecorator.com.au/ A bit of fun decorating rooms and they even have a competition and where you design can win you cash!
Borrowing Capacity and Where to Buy Calculator Check out theInvestors Choice Mortgageswebsite. Thank you for those who sent me emails on how much you loved the Property Plus calculator. It’s a borrowing capacity calculator that tells you where you can afford to buy AND now it shows you on a map all the properties currently for sale and rent in your target area. A wonderful resource, check it out if you have not already and bookmark the page.
Disclosure – I purchase with my own money many courses and reports and I give my personal thoughts and opinions on these products and only recommend those I feel of benefit to property investors. In some cases I am invited to be an affiliate of some of these reports, courses and related products and if you buy through my links, I am paid a commission. I believe this does not influence me, but you need to decide that for yourself. I do believe transparency is vital and hence this disclosure.
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