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January 31, 2011

Floods won’t damage Queensland’s spirit or property market

As a resident of Brisbane, I witnessed the recent devastation caused by the largest flood event we have seen since 1974 firsthand. Working in the property industry on a daily basis, I have had countless people ask me what will happen to the residential property market as the flood waters recede and the massive task of cleaning, repairing and rebuilding is undertaken.

George Kafantaris


For those homeowners and investors who do have a property that’s been flood damaged, one of the first things you should look into is your insurance policy. Unfortunately, some companies will not insure against floods, so check your policy carefully and if in doubt, call their helpline. As an investor, check that you have adequate landlord insurance for loss of rent. Read more →

January 28, 2011

What would I do differently if I started all over again?

One of the most common questions I’m asked by beginning investors wanting to fast track their success is: "Knowing what you know now, if you were to start all over again, what would you do differently to speed up the growth of your property investment portfolio?"


In hindsight I would have spent more time educating myself so that I wouldn’t have made the mistakes I did in the first 10 to 15 years of my property investing. Sure, I have a very substantial property portfolio now, but it would have been much, much bigger if I knew then what I know now.

Read more →

January 27, 2011

How to manufacture capital growth in a slow market

It seems to me that 2011 will be a slow year for property throughout the country. In other words, don’t expect above average property price growth this year.


Without the assistance of a general rise in property prices, are you still able to increase the value of your property? The answer is yes!

The key to increasing the value of your investment property is to increase your rent and/or improve the property. Read more →

January 25, 2011

Market predictions for 2011

Here’s my outlook for the year ahead.


The property market slowed considerably in the last quarter of 2010 and is likely to show subdued activity for the first six months of this year. RP Data-Rismark noted a slight decline of 0.2 per cent in house prices of capital cities in November and expects very modest (four per cent to six per cent) to nil capital growth over 2011, depending on the number of projected interest rate rises. I believe this means we’re likely to see a window of opportunity over the next six months for buyers to capitalise on negative sentiment.

Read more →

January 24, 2011

Will the floods have a long-term downward effect on the market?

Whatever the fallout from the recent floods that primarily hit Queensland, but also affected other states, and the initial impact on the Australian economy, there’s unlikely to be a long-term detrimental effect on real estate prices – even for those homes sitting in some of the worst flood hit areas.


The recovery after the Brisbane floods in 1974 bears remarkable similarity to the recent deluge and outlines yet again the unique resilience and ability of Australians to overcome disaster, pull together, and rebuild. As residents living in Goodna at the time recalled: "Nobody forced you to take in another family, everyone just did it. Hundreds of millions of dollars was raised throughout Australia."

Read more →

January 21, 2011

Where to invest in property in 2011

The property markets will be very different in 2011, and for those that take action (the right action), this will be a great year in property. That’s because, for at least for the first half of the year, we’ll be in a buyers’ market.


After five interest rate rises in 2010 affordability has become one of the key issues that will limit property price growth in some suburbs in 2011.

Read more →

January 19, 2011

Will inland property be the new black?

Waterfront property has long been sought after by anyone and everyone.

Not only is it a sign of prestige, but it’s desirable to live on a body of water. One has to wonder, though, if the flooding experienced in the past week in many parts of Queensland will change this.


Climate change and the threat of rising sea levels in Australia has put somewhat of a dampener on the desirability of waterfront property in recent times, with values potentially being affected by rising water levels.

Read more →

January 18, 2011

Honesty absent in flood-prone home purchase

Most of us believe that nurses are very trustworthy – as surveys regularly show. I first really trusted and appreciated nurses during the big cleanup after Queensland’s 1974 Australia Day floods – 37 years ago this month.


I had been helping friends whose highset home in the Brisbane suburb of Graceville went completely under water. On the way home, with mud-splattered brooms and shovels sticking out of my VW’s passenger window, I stopped at traffic lights. Suddenly a volunteer nurse appeared and gave me a protective tetanus shot. 

Read more →

January 14, 2011

Three surefire ways to lose money in property in 2011

It’s a well known fact that a large number of property investors never achieve the financial freedom they desire and with the changing markets we’re experiencing as we move into 2011, I’m concerned many investors are heading down a path of certain property losses.


I’ve noticed a worrying trend where some investors are so keen to do something – in fact to do anything – that they’re heading for property investment disaster.

Read more →

January 13, 2011

Do you really want a bargain?

As a property investor you face a minefield of advice from financial advisers, sales agents, property planners and developers, not to mention numerous magazines and books all promising the road to riches.


Not unlike politics they offer a sea of differing opinions of what constitutes a good property investment and it’s often hard to sort the wood from the trees. Learning from past mistakes isn’t preferable when you’re investing large amounts of money, so it’s best not to make one in the first place.

Buyers often feel more confident purchasing in what’s traditionally known as a ‘sellers’ market’ rather than during the downward phase of a market cycle. Purchasing property that’s rising in value is understandably more assuring than reading weekly headlines that instigate the fear that we’re on the brink of a property crash. However when buying into a ‘buyers’ market’, words like ‘bargain’ should start to ring the warning bells.

Read more →

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