Buyer's agent forecasts what’s to come for Aussie property market
podcast

Buyer's agent forecasts what’s to come for Aussie property market

By Tamikah Bretzke
Simon Pressley, Propertyology

The team from Propertyology goes above and beyond the services of a buyer’s agency, analysing data and crunching the numbers necessary for identifying prime real estate markets for their clients.

In this episode of The Smart Property Investment Show, managing director Simon Pressley uses his intel to give listeners the inside track on current market conditions as well as a forecast for what’s to come.

You’ll also hear why buyers should “take the blinkers off” to more effectively find property, Simon's advice for do-it-yourself investors, as well as his checklist for what investors should consider when looking to regional towns for their next investment.

Tune in now to hear all of this and much, much more in this bonus episode of The Smart Property Investment Show!

 

Make sure you never miss an episode by subscribing to us now on iTunes! 

If you liked this episode, show your support by rating us or leaving a review on iTunes (The Smart Property Investment Show) and by following Smart Property Investment on social media: FacebookTwitter and LinkedIn. If you have any questions about what you heard today, any topics of interest you have in mind, or if you’d like to lend your voice to the show, email [email protected] for more insights!

Suburbs mentioned in this episode:

Orange
Hobart
Perth
Darwin
Armidale
Melbourne
Sydney 

Related articles of interest:

Perth property that can save investors a year’s salary
Low housing turnover signalling ‘warning bells’ for housing industry
Interest only loans proving less popular 
The Property Twins’ secret to building a 10-property portfolio in 8 years 

 

Listen to other instalments of The Smart Property Investment Show:
Episode 106: How ice addicts potentially ruined an investment
Episode 105: New podcast: Investor reveals the opportunities for migrants in Australia
Episode 104: New podcast: Q&A session with Paul Glossop – more questions answered!
Episode 103: Special Episode: Phil and Munzurul talk steering the growth and development of portfolios by managing cash flow
Episode 102: Investor reveals how to find the perfect property manager
Episode 101: From 12 to 100 properties – how this investor will achieve his goals
Episode 100: Property investor talks research, teamwork and balance in his portfolio
Episode 99: Portfolio update: SPI opens its books to reveal all the nitty-gritty details
Episode 97: ‘How we achieved financial security through property’ – the Property Twins reveal all
Episode 96: Tips for tackling pest and building inspections head-on

Full transcript

Phil Tarrant: G’day everyone. Welcome to The Smart Property Investment Show. Thanks for joining us. It's always a pleasure to have you along with us, as we go down this path of trying to create wealth collectively through property investment. As you are aware that we've been buying some properties recently, we're going to unveil some of our most recent purchases. I'm very bullish about opportunities for property investors in this current marketplace. Read any newspaper or magazine or website these days and there's a lot of doom and gloom sentiment around property investment. You obviously have banks looking to restrict investment lending, and we've gone into that in quite some depth over the last couple of months or even year on The Smart Property Investment Show, so go and tune into that.

But there's always opportunities in every single market. It's working out where those opportunities are, where that market is and the type of properties that you should be buying. I want to have a chat about that today and I've got someone on the phone, one of the first phone interviews we've done, but he's a very busy guy and he's on the ground, out doing what he does very well. I've got Simon Pressley from Propertyology on the blower. He's coming in from Brisbane. Simon, how you going, mate?

Simon Pressley: Yeah, very good, Phil, thanks for having us on.

Phil Tarrant: That's good. I know you cover a lot of ground across Australia, and just before we come on air, we had a really quick chat and I was asking you, what is it exactly you do? And most of our listeners will be familiar with the term buyers' agent. We talk about buyer agents a lot. I'm very pro buyers' agent. I speak very openly about the buyer agent that I use and how they've really underpinned the growth of my portfolio a bit. We spoke about the way you view yourself, and being a buyers' agent is just a product of something that happens, which is the essence of what a buyers' agency does, and that's really looking at markets, really looking at the data.  So, essentially you're a market research company. Can you have a quick chat to me about how you see data crunching, data identifications, trends, themes, sentiments that you can measure on a spreadsheet, and how that really translates into how you might go about buying a property or identifying those markets?

Simon Pressley: Sure. At the end of the day, Propertyology is a property market research company, first and foremost. Then it's more, I guess, why we do that research is, it's great getting the best research in the world, but you can't make money until you physically buy something tangible. So we combine the market research with buyers' agencies. Our office is in Brisbane, Phil, but our market is literally all over the country. So, there's the eight capital cities and there's the forgotten gold that lies in amongst dozens of wonderfully strong regional locations as well.

Specific to data, so much of the reports and that, that are produced on a practically daily basis that you can Google these days, refer to property-specific data. So vacancy rates and change in median house prices and things like that. All of that's interesting to us, it's really a reflection of the past, and if you're about to invest an amount of money in a market today, you can't make a decision in 2017 and then be expecting to get 2015’s returns. The data that we find the most useful is economic data. At the end of the day, when we're investing in property we're investing in shelter. It's a commodity, and wherever there's demand for more jobs in the future, there's going to be demand for more shelter, to put it simplistically. Wherever shelter is more affordable, it's more accessible and there's more people that can potentially compete for the purchase of individual pieces of shelter. So property economics, that's what our head's in all day, every day.

Phil Tarrant: So we've got, you know, smartpropertyinvestment.com.au is full of data. You can go and search any particular suburb and it'll tell you what the median price is, three-year growth, five-year growth, ten-year growth. There's census data, there's a lot of stuff here. But you're talking about property economics here, so it's really what's happening at a macro level that's influencing the state of play across Australia in industries but also property markets and how that plays down into the actions, activities within a micro environment. Is that pretty much how it all works?

Simon Pressley:               Yeah, look it is. It's never one piece of information underlies our decision, it's a whole heap of information and I guess, collectively joining the dots and saying, "Does that look like a ...?" Well, the crystal ball at the end of the day none of us have, there's no guarantees in investing, is there? We're gathering a whole heap of information and then trying to paint a picture of what the future likes, good or bad.

Perhaps a better way to articulate this is to use a real case study. Let's talk about Hobart. Officially, according to Domain's annual change in capital city property prices released last week, Hobart is officially the hottest market in Australia today. 15.2 per cent growth in the last financial year, just pipped Melbourne and was a couple of per cent above Sydney, but when you also factor into that Hobart has a higher rental yield than literally any capital city in Australia, the total return on investment is probably about three or four per cent better than the second place location being Melbourne now.

Propertyology's research, we gave Hobart the green light way back in 2014 at a time when that market was as flat as a pancake. You could have been living in Hobart all your life and you wouldn't have been contemplating investing back then, but understanding the drivers behind Hobart's economy and then filtering in lots of things that we made a judgement  call on that we thought would happen to each of those industry drivers in years to come. We could foresee Hobart's economy improving, which affects demand for housing at the end of the day. It's always been Australia's most affordable capital city, so I'd tick that box, especially in a climate where interest rates are rising and credit's getting harder for us to get, so we thought that was a good ingredient.

Then we looked from a supply side of things. Whilst the market itself has been flat, rents have been trending up still a little bit, vacancy rates were low, and most importantly when we dug into the housing supply pipelines, so they're the things that aren't built yet but the construction industry were planning on doing, that was still low. Three years ago we decided to pursue Hobart, and here and now today, we've helped about 80 clients get into the Hobart market.

So they bought at a time when it was flat. And we were ignoring, we weren't behaving like the sheep and investing elsewhere, we were benefiting from little to no competition, so it meant we could pick the best properties, we could negotiate even lower discounts off the purchase price, and then we sit back and wait for that economic activity to unfold, which it has done. Those who had got in the early stage of property made 20, maybe 25 per cent growth on asset value over the last say two years. And we think that the Hobart market is absolute cherry ripe ready to continue along that trend for some period of time.

So we would have not have found Hobart if we picked locations based on historical property data or census data. 'Cause that would look pretty bland, or very uninspiring. So that's understanding economics and how that influences us as professional property investors.

Phil Tarrant: Okay. So what you're talking about here is identifying a ... let's call them a hot spot. Identifying a hot spot before it becomes a hot spot, is what we're talking about here. So you read, even Smart Property Investment we talk about hot spots quite regularly, but the media right across Australia does, saying 'XYZ is a hot spot.' If it's already in the media as a hot spot, it's probably not a hot spot, right?

Simon Pressley: It's too late.

Phil Tarrant: You're too late. What we're talking about here is something that is very sophisticated, and you need to have a lot of skills to be able to understand what data you need, in order to make a judgement  or interpret that data to make a judgement  on what is going to be the hot spot one year, two years, three years ahead. Now I work in property on a daily basis, I speak to investors right across the country. I get to speak to professionals and experts like yourself, Simon, around property. And I get as much or more information than anyone else I know. I can get whatever I want to get, right?

But for me as a property investor first and foremost, I need to understand what I need to do with that data for me to make a decision. Now I'm a busy guy. I don't have time to do that, and I probably don't have the ... If I wanted to get the skills to do it, I probably could, but I don't have the bandwidth to do it and I don't really have the inclination to do it. So that's the reason why I use a buyers' agent. That's why people go to people like yourself, Simon, for that advantage in the marketplace.

A lot of people will say, "I don't want to pay for a buyers' agent for whatever reason. It's too expensive and I don't think I'd get any value." So let's talk about that for a second. For our listeners that don't want to use a buyers' agent, what information do I need to know, do I need to get myself my hands on, in order to start accessing markets, is there any two, three, four, five bits of information which are critical for me to make an investment decision?

Simon Pressley: Look I wish it was that simple. I literally do this every single day, and there's still ... and have done it for many, many years, and there's never enough hours in the day to gather all the information you'd like to gather. And then interpret it, and then go digging to find answers to more questions. It's -

Phil Tarrant: It's impossible nearly.

Simon Pressley: Investing's not a hobby, it's a profession in the same way there's lots of other professions. We could all do our own tax return or be our own lawyer, but you often get what you pay for, ‘specially with the important things in life, don't we? We could be a DIY doctor and try to self-diagnose a pain in the stomach, and get on doctor Google. And the symptoms would range from indigestion to bowel cancer. One of those possibilities is pretty significant, the others will pass with a bit of Panadol.

And the same with property markets. If we try to be a DIY, yes it can be tempting for some because there's so much information out there. But how do you know what's a good-quality information, or how do you know what's been written with a vested interest, or what someone's reputation is. It's really hard for investors.

I think the best decision, for all important decisions not investing in property, the most important decision a consumer can make lies in partner with that right professional. Outside of property, obviously that's my expertise, if there's a really important decision for Simon Pressley to make, I'm gonna focus on finding the most skilled person I can to help me make that, and then support them. And results tend to take care of itself after that.

Phil Tarrant: Oh look, I'm not going to disagree with you Simon. I talk about this a lot on The Smart Property Investment Show, and on smartpropertyinvestment.com.au. I choose to make my investment decisions based on ... The best decision I've made, investing in property, is to invest in using professionals to help me do it. Because they do it every single day, and they can do a lot better than I can.

Now that's a decision I've made, and that's because restrictions on time, but I see the value in using people to support me grow my portfolio. And as our listeners know, I'm very open with the portfolio that we've created within Smart Property Investment. And it is a good portfolio, it is a very, very good portfolio. The reason why it's been good is that I've bought the right properties. Your portfolio's only as good as the underlying assets that sit within it.

So I've got properties in our portfolio which are growing in value. And I have properties in our portfolio which generate pretty good cash return as well. So I'm happy with the way we're pressing ahead with our portfolio, and how it's gonna grow into the future. I've had a very good mortgage broker that's helped me through that, I've got a very good accountant that's helped me through that. So my A-team of people to support me grow my portfolio is absolutely critical because back-toe to the people that think they can do it themselves.

And my message to people in the marketplace, our audience and listeners who want to do it by themselves, absolutely go and do it. And go and have some fun and burn the shoe leather, and you're gonna have to commit to it. And that requires committing to your education first and foremost, and then using that education to translate into buying decisions. My recommendation to my listeners that want to do it by themselves is that, digest as much data as you can, and it's all available on our website and all over the place, but as Simon said this is data that has happened. You're not forecasting into the future.

So what I want to have a chat about, Simon, is what does the future look like in terms of property investment in Australia? So, I might get your sentiments on the market right now, but what should we be thinking about in two, three, five years’ time about where we should be investing? What's investing in the years to come? Where are those hot spots gonna be? And what sort of information do I need to know to identify where those hot spots are going to be? So it's a big question. How's the market today, mate? You quite bullish and optimistic about it?

Simon Pressley: I've been quite bullish about it, but the best opportunities if we were to draw a line in the sand five years from now, and then look back and say, "These were the best performing locations," it's highly likely they're not going to be the same locations that have been the best locations for the last five years. Look, I mean, let's warm the pocket a little bit further, and 2011 when eight out of eight capital cities in Australia had actually declined in value. Even Sydney, although not much, it was only 1 per cent decline. But eight out of eight locations declined in value.

So if we were trying to be a DIY in 2011 and looking for the future hot spot, and we were looking at historical information, it'd say, "Oh, keep your money in your pocket. Everything's miserable." But now with history behind us, we know that in the second half of 2012 Sydney started a really, really strong run. We were just talking about the Hobart example. It was flat as a tack in 2014 when we started investing there. So historical data and being a DIY wouldn't have ... you wouldn't have found anything picking that location.

Seeing beyond 2017 and heading into 2018, I think it's important for all investors to recognise that no market runs well forever. And also something that can appear to be terrible, things are never usually as bad as what they appear. Sydney and Melbourne, Australia's two biggest cities, have had really, really strong runs. We've probably all been guilty over the last couple of years saying, "I think it's near its end," and then it's found a bit more petrol in its tank.

The recent APRA changes are real though, and I think both those markets are already showing signs of slowing already. Probably Sydney slowing a bit more so than Melbourne. Melbourne, however, later this year, two really large employers will be closing their factories forever. The car manufacturing industry, and it's not just the direct jobs at the plant, but it's the indirect jobs that are going to have some impact on Melbourne's market. Now how big an impact? We don't know, but it's never a good thing when you've got tens of thousands of jobs in one city gone within a short period of time.

We also know that 80 per cent of all new dwellings approved in this country over the last three years have been in Australia's capital city. Eight out of ten new dwellings over the last three years have been approved in Australia's eight capital cities. But yet, the eight capital cities accommodate 65 per cent of our population. So those two very, very basic numbers should be an alarm bell to people. And people are saying, "Well okay. The other 35 per cent of Australia's population live in regional Australia. The new dwelling supply has only been 20 per cent for a 35 per cent population. So where are those regional locations where supply probably isn't going to be keeping pace with population growth?"

Now that encompasses dozens of regional cities, but the supply side of things is going to have a direct impact on the better performing property markets for the next five years. The other thing to be conscious of I think, is we're big fans of that term we hear, 'the Asian century' and the role that Australia plays in that. In no particular order, industries that are going to benefit from it, create jobs, create demand for accommodation, are things like tourism, are things like agriculture. Another reason why we're honing in on some parts of regional Australia. All the investing in some parts of regional Australia that will benefit from that.

Advance manufacturing, international students. There's a heck of a lot of Asian people that are now picking Australia for tertiary education, for at least five years while they get that degree. And then many will continue on working here. And those universities aren't just in capital cities. There's all sorts of strong regional centres that really play the role of a mini-capital city, that have strong tertiary education facilities. In some cases they're expanding, so that extra jobs are created with the construction of these big infrastructure projects. The extra teachers that they employ, which need to live somewhere. The extra students that call those cities home. So we're big fans of regional Australia, but that doesn't mean that every region is a safe investment. We can say the same about capital cities as well though, Phil, can't we?

Phil Tarrant: Yeah.

Simon Pressley: You know, Perth and Darwin are now in their third year of decline. So it's a furphy to say that capital city means blue chip. Every capital city's had periods of decline before, and will again in the future. And every capital city has long periods of flatness. Sydney had six or seven years where it didn't do too much, so the investors need to take the blinkers off. Australia's a really, really big country and there's lots of gold to be found in certain parts of regional Australia.

Phil Tarrant: And listening to what you're talking about in terms of regional towns, and I was chatting about this with someone the other day on the podcast, I think a lot of people confuse regional towns with mining towns.

Simon Pressley: Yes, yeah.

Phil Tarrant: And they're two very different things. And as you ran through all of those type of things which make a regional town attractive, and I don't know whether you're buying there and I don't know the numbers about this particular town, Armidale popped up in my mind. I think about somewhere like Armidale. Armidale has a big university there, it has major agriculture, it's on major thoroughfares, et cetera. So it's a long way from anywhere, Armidale, but it's got a very diversified economic base. It has all these different drivers which are going to create jobs and job growth moving forward.

So your checklist then Simon, for ... and I'm not saying Armidale at all, is a hot spot or not, I don't know the numbers there in particular, but if you had a checklist of when to look and consider a regional town, what would those five things be? What do you need to see?

Simon Pressley: Yeah. We look for ... The fact is the fact that Australia's got eight states and territories, and you can literally only have one capital city in each. But as I've already said, capital city doesn't make a blue chip. It often means it's expensive, we can pretty much guarantee that. But it doesn't give us a God-given right that it's going to be the best performing property market.

Throughout Australia there's 30 to 40 really strong regional cities, that really perform the role of a mini-capital city. So what we look for is not a one industry town, which is probably the perception when a lot of people hear the word 'region', they're automatically picturing a dust bowl or a mining town or whatever. Because they probably only in the media whenever they hear 'region', it's a mining town's boom if it was an article they read before 2012. Or if it's pro-2012 it's a mining town that's busted. But that's only representative of a really, really small segment of the swath of Australia's towns and cities.

So we look for regional cities that have a very diverse economy, so we don't want a one-industry town. In the same way capital cities have multiple different industries that drive the economy, regional cities do that as well. You want to have really good quality infrastructure. It's not relevant to us whether Simon Pressley or Phil Tarrant has lived there, would want to live there, because we're not buying to live in anyway. And we've all got our own subjective taste. But what's important is to appeal to the masses. So if someone did want to live there, or did get transferred there with work, what's gonna keep them there? What's gonna make an enjoyable lifestyle?

So we want good quality retail facilities. They need good quality healthcare. As children go from primary school to high school and they choose a career path, can they do tertiary studies there? Or have they got no choice other than to relocate to a bigger city? So that's what we call a central infrastructure. And it needs to be accessible to other really big cities. We're a fast moving world now, it's not all a matter of just it takes five hours in the car to drive from regional city A to a capital city. There's a lot of regional centres throughout Australia now that are expanding airports, different airlines are flying direct to locations, and you can get from ... I'll rattle off some examples.

The last week Orange in central west New South Wales, an airline called Fly Corp announced that they are now flying direct from Orange to Melbourne every day of the week. So you can get there in an hour. You can commute from one part of Sydney to the other in longer than an hour, and get grumpy because you're stuck behind the wheel of an Italian productive. But yet you can fly from a capital city to a really strong regional city, and Orange is only one of dozens of examples, within an hour or 90 minutes.

The world's changing and property investors would be wise to look for locations like that. They're the basics of the fundamentals of what to look for in a regional city. It's really, really important to view each city through the eyes of an economic profile. So what are the main industries that support the economy of regional city X? And what is the outlook in the broad sense for those particular industries? Is it positive or negative?

If it's positive, then what we do is we dig further into who are the major employers, or who's proposing to expand their workforce in that particular city? Because if you identify those ... Let's say there's a company that's gonna do something that's gonna create an extra 200 jobs. Well, where are those 200 people going to live? Are they living there now, or are they going to migrate into that location? How affordable is housing is something that to us is a non-negotiable. Our buyers' agents have never spent a dollar more than $500,000 on an investment property ever, and we've bought hundreds of them.

So we look for locations where housing is very affordable. Clearly the rental yields are better because the housing is more affordable. And you gotta have a real critical look at the supply pipeline, that's not just the current vacancy rate. You could have a location that today has got a fairly low vacancy rate, but unbeknownst to the DIY property investor, there could be hundreds or thousands of new dwellings that have just been approved within a short period of time by the local government, that are going to hit the market in the next couple of years. And then you quickly go into an oversupply situation. There's a lot to take in.

Phil Tarrant: There is a lot of information there. And one of the biggest challenge I think property investors have is information overload, so it's really synthesising what information you need to worry about and think about in order to make that decision. However, and this goes back to an earlier point I made, I feel as though myself using a buyers' agent, I have a big advantage in the market against people who don't have that support. And yes, it costs me money to use a buyers' agent, but if you're a DIY investor, you're out there up against blokes like me who ... I might not know, but the people I'm using know a lot more than they do. So they're able to price properties more effectively, they're able to understand whether or not a property's a good property or a bad property, whether the location is a good location or a bad location, based on all these different dynamics.

It's a competitive game, property investment, isn't it Simon? And the stakes are high.

Simon Pressley: Yeah, look it is. And our buyer's agents benefit from the ongoing daily research that we do. So they pick individual towns and cities for our clients. But they're buying properties every day. So there's a heck of a lot of skills and different tactics that you use, firstly to find that one property. And then secondly when you've found an asset that ticks all the boxes that we're looking for, there's all sorts of things that they do to explore an opportunity in regards to getting the lowest possible price for that property.

Now the DIY investor might do that exercise once every five to ten years. That's not much practise for the most expensive asset they'll ever buy in their life. Whereas the buyers' agents are probably buying a property a day, and they're missing out on a couple. So that's lot of skills they've acquired over many, many years. It's like the relationships that they build with those who sell properties, the agents of the world, who are good with the smoke and mirrors. So the skilled buyers' agents can cut through that. They've got relationships in some cases that will count, so they might get preferential treatment from the Ray White's of the world who are selling a property. And might know from past experience that look, there's half a dozen people that have really got interest in this property, but this guy over here is representing an investor, he's a buyers' agent. I've dealt with him before, he's really good to deal with, this is gonna be a smooth transaction. That's an example where a DIY is disadvantaged over a client whose represented by a professional buyers' agent.

Phil Tarrant: And I just want to round out on this Simon. Let's get you back on the show, because there's a lot we can talk about in terms of those tactics that your buyers' agents use to negotiate, to identify and negotiate, secure these properties that our audience can understand and appreciate and potentially move along with.

Everyone's strategy is different, everyone will tell you that you should be buying this sort of property at this price, and blue chip property's only a million dollars or $700,000, you don't want to go ... I just want to have a quick chat about your guiding principles about what forms the backbone to the way that you approach property investment. So you said you haven't purchased a property for clients under $500,000. So you're playing that affordable ... we call it 'affordable' and I use inverted commas, affordable range. Once you get outside of Sydney and Melbourne, $500,000 can get you a lot, right?

Simon Pressley: A lot, absolutely.

Phil Tarrant: It can get you a lot. So it's not really the affordable range. It's the price point once you get out of Sydney and Melbourne, which is normal, right? That's the market that you hunt within. But what are those other guiding fundamentals that you have when you look to assess an investment property? Obviously you want capital growth, and you want cashflow, but how do you balance those two?

Simon Pressley: Yeah. There is no one way, I think that's a point you made earlier. So I agree there is no one way. But the individual investor needs to have a way that suits them, and it's important to be focused towards having a proper strategy, not be jumping around all over the place. And to stick to whatever your own individual strategy is.

We intentionally target locations that our research gives us confidence for its future potential for capital growth. At the end of the day I think that should be everyone's prime objective. But that's not to say that rental yield isn't important, because we all need to put our head on the pillow and if we can't afford things, that's not a comfortable situation to be in. Everyone's income is different, and there can be things that can happen in the future that we couldn't plan today. So rental yield is important, but it's gonna be cashflow to Phil's strategy is going to be different to cashflow to Simon's strategy, and so on.

It's important when we're helping a client make that next investment decision, we also want to take into account their existing portfolio. Is it their first property that they're buying? What is their cashflow? What is their strategy? So even if you might be helping them buy one, we also want to be making a decision with them today that's gonna complement wherever their second property is going to be. Or for an existing investor, it's being mindful of which locations they're already in. So we want to pick a location that is gonna take into account things like land taxes, which are determined by different states they might already own assets in.

But also the different industries. They might have three properties in completely different locations, but there might be one industry that's really important to each of those particular locations. So we wouldn't be recommending the next location that also is heavily reliant on that industry sector. Because things can come left field, but knowing when we research today that we could have picked that coming. It could be an adverse outcome of a particular industry sector, and that possible client I've just described there, four locations could all be adversely affected by it.

So that strategy is probably similar to what an astute share investor would do. They might have some money in CBA shares and some money in say, Westpac shares. But the next time they're about to invest, even if at that point in time NAB stock's at a good outlook, it's probably not the right decision for them. Because if say something could happen to financial services sector that isn't good and then they all lose value. Does that make sense?

Phil Tarrant: Yeah, it does. Again it paints a picture just how complicated this game can be, but the need to keep it simple is essential. So Simon mate, I've really enjoyed the chat today. Thanks for sharing your insights. And for our listeners Simon's a good friend of Smart Property Investment, he's been nice enough to write us a couple of articles recently, just really looking at this data component, this market research imperative to get property investment right.

So jump on smartpropertyinvestment.com.au and just search for Simon Pressley or Propertyology. You'll track it down there. But what I'll do is that I'll get the guys to put some links into some of those articles where you're reading this right now. So if you're on I-Tunes, just scroll down a bit, and click through to some of the other stuff that Simon's put together. And Simon mate, you'll keep doing some stuff for us I hope?

Simon Pressley: I'd love to. Thanks for the opportunity today, and we really enjoy sharing of insights, helping people make really astute investment decisions.

Phil Tarrant: Nice one, that's what we want. I want people to create wealth through property, I don't want people to end up in dire financial straits. So that's why I do this.

Simon Pressley: No. It's a changing world and we need to be thinking forward, because the window at the next five years is gonna look completely different to what's in the five year rear-vision mirror.

Phil Tarrant: Remember to check out smartpropertyinvestment.com.au. And if you're not getting our daily market intelligence newsletter, news et cetera, smartpropertyinvestment.com.au/subscribe, make sure you do that because you'll be the first to receive everything that property investors need to know. We're on all of the social channels, just search for Smart Property Investment or SPI, you'll track us down. And keep those reviews coming on I-Tunes. I know I ask for them but I do appreciate them. I like the feedback, I like to know what we're doing is resonating. And if you've got any suggestions for us as well, make sure you email the team, [email protected]

Any questions as well, we do a regular Q&A podcast, where we just aggregate or curate all the best questions we get. And we get a lot of them, but we will get to yours eventually. But please do send them in, and we will make sure we get them answered live on air. So we'll be back again soon. Until then, bye bye.

Disclaimer: The information featured in this podcast is general in nature, and does not take into consideration your financial situation or individual needs, and should not be relied upon. Before making any investment, insurance, tax, property, or financial planning decision, you should consult a licenced professional who can advise whether your decision is appropriate for you. Guests appearing on this podcast may have a commercial relationship with the companies mentioned.

 

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2.
EDGECLIFF 45.06%
3.
PAMBULA 43%
4.
EAST LISMORE 41.38%
5.
SOLDIERS POINT 37.89%
Buyer's agent forecasts what’s to come for Aussie property market
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