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Property buying secrets, and home ownership for $60,000
Property Showcase

Property buying secrets, and home ownership for $60,000

By Todd Stevens
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Tune in to the latest episode of Property Showcase, the podcast with the inside track on the products and businesses that will help turbocharge your portfolio, maximise returns and make your overall investment experience seamless and stress-free!

To hear more about these services, make sure to tune in to this episode of Property Showcase!


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

Buyer's Agent Institute

Ben Handler in his early twenties built from scratch the largest property Buyer’s Agency called Cohen Handler, with offices across Australia, Asia and California. Ben served as the CEO, responsible for overseeing thousands of properties being purchased worth over 3 billion dollars’.  Ben’s latest new venture is the Buyer’s Agent Institute, helping people turn buying property into a career.

In this episode of Property Showcase Ben joins editor of Real Estate, Tim Neary, to share the property buying secrets that he has learned along his investment journey.

Ben will discuss:

  • The benefits of looking into off market property listings
  • How showing interest in other properties can be used as leverage
  • The “good cop, bad cop” approach to securing a purchase

More >>>

wHeregroup

Director and location researcher for the wHeregroup, Todd Hunter had accumulated a personal property portfolio consisting of 50 properties by the age of 31. He is a Buyer’s Agent and professional property investor currently specialising in investment properties in the United States. His portfolio in the US currently sits at 25 properties, and counting, and over 50 in Australia.

In this episode of Property Showcase Todd discusses with editor of Real Estate Tim Neary why he has chosen to invest in the US property market, and will share how his research has helped him to identify two new cities that he is currently investing in.

Todd will also explain

  • How, for the price of a house deposit in Australia, you can buy a property in the US outright
  • The significant yields that these properties are seeing
  • What you need to know to invest in the US market

More >>>

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podcast

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Property investors are now able to identify and bid on auctions remotely using a new live-streaming functionality launched by Gavl.

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Called “Request an Auction”, the new functionality enables users to watch and bid on any Sydney or Melbourne auction remotely.


Through Gavl, prospective buyers are now able to register to bid on their preferred auction. The platform will obtain permission from the listing agent and confirm within 48 hours.


Vendors can also request to have their auctions broadcast to a larger buyer audience.


Co-founder Joel Smith said that auctions streamed on Gavl attract 47 per cent more viewers than traditional ones.


He said that Request an Auction will be valuable for remote buyers.


“Buyers are able to have Gavl attend any auction they nominate, so they will never have to miss out on an opportunity due to logistical complications in physically attending the auction.


“Vendors, too, have the opportunity to directly book an auction with us, so they can open up their event to buyers all around the world. With more potential buyers, they’re giving their property the chance to receive more bids and maximise their sales result.”


Mr Smith said that prior to the Request an Auction app, buyers were limited to what they could achieve through the Gavl technology.


Gavl is a live-streaming and bidding platform for real estate auctions.


Mr Smith said that it has streamed more than 6,000 auctions, which have achieved 3.5 million views from 50 countries.


Gavl’s Request an Auction function is currently being offered in Melbourne and Sydney only.
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Having recently purchased her 6th property, Julia joins host Tim Neary to discuss her journey, share her ups and downs over the years, and reveal her thoughts on why some properties are better than others. 

Julia also explains why she no longer makes a move without the help of a buyer’s agent, why working with a strong team of specialists is extremely important and discloses her long-term property ambitions.




If you like 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: Facebook, Twitter 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!



RELATED AREAS OF INTEREST:


Why is Australian property so unaffordable?
Brisbane infrastructure attracts international interest
Going global
Australia desirable to foreign investors



AREAS MENTIONED:

Eagleby
 Charters Towers
 Townsville
 Brisbane 
 Paddington
 Sydney
 Orange
 Melbourne 
Glen Iris
 Bondi

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The practice of property investment firms sharing undisclosed kickbacks among the supply chain involved in development sales will be outlawed in NSW on 1 July this year under the Real Estate Reform being handed down by regulators in NSW.

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Property commentator and valuer, Suburbanite’s Anna Porter, said the reform will address conflicts of interest.


She said they arise when a mortgage broker, accountant or financial planner receives part of the commission from the property firm, who receive their fees from the developer or seller.


“This puts the broker into a position by which they are being paid on both sides of the fence,” she said.


“Until now this has been a grey area and there was nothing stopping this practice.” 


Ms Porter said this has been a common practice in the industry.


"Some well-known mortgage broking firms openly admit to receiving $5,000–$10,000 per referral in their pocket.”


She also said this process has been going on for decades.


"Property investment firms commonly pass some of their commission on to the mortgage broker, accountant or financial planner as a reward to them for passing on the referral. This means that many brokers or financial service providers are making significant amounts of money just to refer on to a property firm, often totalling hundreds of thousands of dollars a year," Anna Porter said.


Ms Porter said the Property, Stock and Business Agents Amendment (Property Industry Reform) Bill 2017 will be in force from July this year, and will prohibit this practice unless the broker or referring partner also holds a real estate industry license.


"Under the new laws, if the broker takes a referral fee from the property firm, they will have to be a licensed real estate agent and also hold a corporation’s license,” she said. 


“Subsequently, every transaction that they receive a referral fee from, they will be putting their license up against the transaction and taking full liability for the conduct, practices and outcome of that transaction, even if they have little to do with the transaction; they are a party to it financially and therefore take as much risk as everyone else in the transaction.”


Mr Porter said where a referrer holds a real estate license, and receives a part of the sale commission, they may find themselves in breach of the ethical requirements under the act.
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‘Common’ referrer practice of being paid on both sides of the fence coming to an end

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