Why property is so interesting

Why property is so interesting

Transcript
“Hello and welcome back to daily buying tips, I’m Dean Berman from Berman Buys.

Today we’re going to talk about why property is so interesting.

Property has so many aspects to it.

There are different sectors from residential, retail, commercial and industrial.

People buy property for different reasons from occupying to investing.

Therefore there are different thought processes involved.

Some are more emotional and some are more logical.

In the residential space.

Every property is basically different.

Even in the same development, with the same exact floor plan.

The light, the sounds, the temperature.

Can all be different.

Virtually every house is different in some way.

Therefore you never really see the same property twice.

The other thing is any property can be changed even with the same design.

The styling, wall colours, window coverings, light fixtures, appliances, layout.

You enter neighbouring properties in a development and get a totally different experience in very similar spaces.

The reasons why people live in an area, totally changes for differing areas.

Often it’s down to affordability.

But even so, that area becomes home and many wouldn’t move if they could.

Property becomes more than 4 walls.

It’s the vibe, agh, it’s the vibe. I rest my case.”

Interest rates have a greater effect on property prices concludes RBA

Interest rates have a greater effect on property prices concludes RBA

Transcript
“Hello and welcome back to daily buying tips, I’m Dean Berman from Berman Buys.

Today we’re going to talk about a recent finding by the RBA and house prices.

I’ve often believed many factors affect price movements.

Supply & Demand.

Population.

Unemployment.

Economic growth.

Construction costs etc…

The RBA recently concluded that interest rates have a large and significant direct effect on construction activity.

This is because the cost of finance becomes cheaper.

If something usually becomes cheaper, more people will usually use it.

The RBA continues to explain that low interest rates.

Explains much of the rapid price growth in housing prices and construction over the past few years.

Once again as the cost of money becomes cheaper, more people will use it.

The report found a 1% cut in interest rates boosted house prices by 8% over the past 2 years.

The report also claims that high immigration levels contributed to growth in prices.

This is more people becoming residents and demanding more property.

More demand for property, will put upward pressure on prices.

Which at the end of the day, does come back to supply and demand.

However, the key finding is interest rates have a greater effect on property prices than initially thought.”

Are positive cash flow properties possible in this market

Are positive cash flow properties possible in this market

Transcript
“Hello and welcome back to daily buying tips, I’m Dean Berman from Berman Buys.

Today we’re going to talk about whether positive cash flow properties are possible in this market.

In short, Yes!

I come across them a few times a week around the country.

It feels like when you watch your favourite TV show.

It’s exciting as you eagerly await a familiar storyline of strong rent versus expenses.

People often ask me, what do I think is more important.

Strong cash flow or capital growth?

I often answer them with capital growth or adding value is what you need to make money.

But strong cash flow helps to hold the property.

Many investors purely build their portfolios on positive cash flow.

Some like a balanced approach of some slightly negative properties and some more neutral to positive.

Some are able to hold negatively geared properties.

I think it really depends on your own circumstances.

One thing I do know.

Is having extra money coming in every week, isn’t a bad thing.”

Why property is so important to us

Why property is so important to us

Transcript
“Hello and welcome back to daily buying tips, I’m Dean Berman from Berman Buys.

Today we’re going to talk about why property is so important to us.

A property is really an object.

A big object.

In many cases, an object which has been purposefully designed to meet specific needs.

From basic affordability to high end luxury.

It’s designed to house our families.

Entertain guests.

It’s designed to give privacy and security.

And shelter.

Some have glamorous inclusions like pools, tennis courts, incredible appliances.

Some have basic necessities like a garden, a window, clean space.

Some have views of the water, skyline and bush.

While others have views of a building across the road and limited sunlight.

Some are quiet, and some are noisy.

At the end of the day.

Whether you have the mansion or the studio.

You are achieving the same basic need with your property object.

You are being sheltered in a location you can afford.

There’s nothing wrong with that!”

The first thing first home buyers should do when buying property

The first thing first home buyers should do when buying property

Transcript
“Hello and welcome back to daily buying tips, I’m Dean Berman from Berman Buys.

Today we’re going to talk about the first thing first home buyers should do.

You want to buy your first property.

It’s an exciting time.

You don’t know where to start!

You see all these cool properties you want to buy.

Even possibly inspecting for weeks or months.

Eventually there’s one you love and you must buy it.

Suddenly.

You realise you have no finance!

You scramble to your mortgage broker or bank.

Only to find it could possibly take up to a few weeks to find out if you can get the funds you need.

You log back onto realestate or domain and see that annoying under contract sign in grey.

A very good lesson to learn now.

Always get your finance before you start.

It’s like going grocery shopping.

You walk through the aisles to find your favourite candy.

Only to realise once your at the counter, you have no money.

The first tip for first home buyers is to sort your finance out at the start of your search.

It’s pretty annoying missing out on quality confectionary.”