Current issue - January 2014
Tomorrow’s property tycoons
Generation Y cops a bad rap sometimes, often referred to with sweeping generalisation as being lazy and self-absorbed with short attention spans to boot. Not this lot! Meet a bunch of youngsters with a firm view on the future and a tenacity to achieve property success.
And what progress they’ve already made. Take Christopher Doyle, who has built a portfolio worth $1.4 million at the age of just 29. To think – his parents tried to talk him out of buying his first place, thinking it was too risky!
You’ll also hear the stories of Stephen Tai, a 27-year-old future mogul with a portfolio worth $1.9 million who admits he was “never very good at saving money”, and power couple Jason Peska and Emma Coles who are on their way to real estate success with $1.2 million worth of property.
Also, find out what made Phillip Hoare, 24, focus on property rather than pursuing a career as a pilot – a decision that will see him achieve a $4.1 million portfolio in coming years.
How did they do it? How can you do it too? What lessons can you learn from their remarkable journeys? API finds out.
BONUS VIDEOS: Kevin Turner of Real Estate Talk chats with Phillip Hoare about his property success, why he’s focusing on developing and the prospects for the Darwin market.
BONUS VIDEO: Christopher Doyle shares his incredible experiences so far, from renovations to developments, with Kevin Turner of Real Estate Talk.
Where to profit from the next mining boom
Even though the mining boom as we’ve known it is taking a bit of a breather, housing booms caused by mining activities have happened before and will happen again. Growing demand for new as well as some currently mined minerals is about to have a happy conjunction with a pro-mining Federal Government. Get set for a new wave of mining booms around the country.
16 ways to buy below market value
An old real estate investment adage is ‘You make your money when you buy’. But how? API seeks advice from the experts to reveal how you can nab a bargain and purchase a property for below market value.
Are you too tight for your own good?
Investors need to be discerning when spending money. No one wants to overcapitalise. But some landlords cross into the unwise territory of being “penny wise, pound foolish”.
Beginners’ guide to SMSFs
They’re exploding in popularity and just about everyone is talking about them, but how does do-it-yourself superannuation work? Do the returns stack up? What can you and what can’t you buy? API strips it back to basics.
Perth embraces light rail
Locals in the world’s most isolated capital city are excited about a commitment by the State Government to push ahead with a major light rail project through the CBD to the inner north. But when will it be built and how will property markets respond?
IN THE ZONE
Planning reforms to impact market
Recent months have seen a period of big planning system changes, especially in New South Wales. API brings you up to speed on the opportunities and considerations that come with perhaps the biggest shake up in 30 years.
ROADMAP TO WEALTH
Family comes first
Having just started a family, Jason and Danee Smith are juggling three investment properties on a single wage. How can they continue to grow their portfolio and secure their financial future, taking into account a new baby and changing circumstances? API’s experts analyse their situation.
The accidental property investor
He has 15 investment properties and owns an entire floor of the apartment complex he lives in, all after being financially ‘annihilated’ following his divorce. But Michael Matthias says he never planned on being a property investor.
The research hound
Not a day goes by when John Lindeman doesn’t think about the housing market. As a property analyst, it’s his job. As an active investor, it’s personal. In this sit down chat with API, he talks everything from his personal property experiences to wider market subtleties and everything in between.
Part 14 – The finale
It’s sold! Shane Hiscock and his investment partner’s spec home in Brisbane has found a new owner, so it’s time to look at the dollars and do a debrief. What has he learnt and what might he do differently?
MY SHORT STORY
Turning a loss around
Despite her block of land falling in value by $120,000, an Airlie Beach investor has a plan to recoup the lost money on her investment.
OUR MOST PROFITABLE DEAL
One man’s trash, another man’s treasure
It’s tough enough to secure a property in the hot Perth market, let alone scoop up a $90,000 equity gain with further potential development profits. But this couple proved it’s possible.
MY PROPERTY NIGHTMARE
Rolling with the punches
One minute Orane Swan was flying high with a multi-million dollar portfolio, raking in a couple of hundred thousand dollars in annual rental income. The next, she was fighting against losing it all.
News & Views
The latest property news, Market Monitors, In the Hotseat, Tax Straight Up, Ask the Experts and more
LEGAL HELP DESK
Illegal garage to bedroom conversions
Simply turning a carport into a garage or a garage into a bedroom is risky business, given most of these are unlawful conversions. Legal expert Rob Balanda explains the implications.
Buying a negatively geared property in a SMSF
Julia Hartman looks at the complex issues surrounding owning a property that’s negatively geared in a self-managed super fund and gives an overview of the general tax implications.
Dash of Salt
Bernard Salt looks at regional areas in each state with property markets that are on the up – and they’re not just mining towns either.
The start of a new year is a good time for reflection, so Michael Yardney details the nine things he wishes he’d known about ‘back then’.
Where's hot and what's happening in property in your state. More
API Databank - your vital property statistics
In our Market Watch section, for thousands of individual Australian suburbs you'll find:
- House and unit median prices and gross rental yield
- Number sold
- Capital growth over three months, 12 months, three years, five years and 10 years
- Stock on market
- Median advertised weekly rent
- Gross rental yield
- Average number of days on the market
In our API Databank you'll also find:
- Vacancy rates for thousands of Australian postcodes (from SQM Research) About SQM's methodology
- Auction clearance rates for many Australian cities
- Average days on market and private treaty discount percentage for major Australian cities
- A vast range of important market indicators from Herron Todd White such as stage of property cycle, rental vacancy trend and much more.