Show Notes
Having a set of rules to guide your investment decisions is pretty bloody important to your success.
Without a clear Rulebook, it’s all too easy to get caught up in the hype of a “hot deal’ or fall prey to spruiker.
Rules provide structure and discipline to your investment approach.
They aren’t there to get in the way and stamp out your creativity…….(although, maybe that is what is needed at times?)
They help you stay focused on your long-term goals, while also keeping you grounded in reality.
Rules help you navigate the ever-changing market conditions. By having a set of rules to rely on, you’ll be better equipped to handle unexpected events and capitalise on opportunities as they arise.
Rules are the foundation of a successful property investment strategy, there to help you make smart decisions and achieve your long-term goals.
Topics we’ll be talking about include:
- The most impactful “rules” Joe and I focus on when buying property. This one is bound to be juicy, insightful and actionable!
- A brief off the cuff chat about what we’re seeing out there on the ground.
- A live Q & A session – we’ll aim to answer as many as we can.
- Ask us anything, we have a few thing to speak about but there’s guaranteed to be more questions from this I am sure.
Episode Highlights
9:08 Introduction of Joe Tucker
10:19 Introduction of Jef Miles
11:31 Jef & Joe’s Thoughts on Inflation
16:41 Dwelling Prices Since April 2022 by Value Tier (Indexed)
18:08 How Long do you guys normally wait before cashing out equity on a property for your next purchase?
20:40 Rulebook : Start with budget & then the location
24:30 Don’t buy too far above the Median price
29:57 Rulebook : Land appreciates, building depreciate / House and Land / off the plan
34:05 Importance of Land Value & some investment rules for selecting a Property
40:56 Rulebook : Aim for value add
48:22 Is Rockingham in Perth still a good investment area?
52:46 Rulebook : Location location location i.e data side of things
1:04:45 Rather than borrowing more, I’m doing small development / private lending to pay a large chunk off my PPOR..
1:06:22 Is buying land in a new estate (at pre registration price), then doing a build of your choice, the same as house and land in your opinion? our own
1:09:40 Rulebook : It’s not about the number of properties it’s about the LVR/ Net Worth/ Net Cashflow
1:18:00 Rulebook : Boots on the ground topic
1:22:00 Which Suburb will you be “boots on the ground” visiting Perth next fortnight Joe?
1:22:58 Any thoughts on Sunshine Coast?
1:34:02 If the suburb itself is built out but the neighbouring suburb is not, is this still a supply threat?
1:41:51 Any thoughts on Palmyra in Perth?
1:49:52 Regarding Value add – if you aim for subdividable / rezoned locations, this would risk oversupply in future after people have subdivided. Does that mean we should sell/cash out before the area is flooded with triplexes in future?
Episode Resources
Connect Joe Tucker: https://propertyprinciples.com.au/
Join Aus Property Facebook Group: https://www.facebook.com/groups/Auspr…
Join the Newsletter: https://propertyinvesting.substack.com/
SUBSCRIBE: https://www.youtube.com/channel/UC2Hq…
Other Guests On Our Lives
Chris Gray, Amanda Farmer, Steve Palise, Nathan Birch, Todd Sloan, Cate Bakos, Mike Mortlock, Lloyd Edge, Karen Baldwin, Rob Flux, Kent Lardner, Charley Valher, Bernadette Janson, Pete Wargent, Melinda Jennison, Bushy Martin, Michelle Lewis, Peter Koulizos, Jane Slack-Smith, Joe Tucker, Jordan De Jong, Scott Aggett, Belinda Smith, Jef Miles and more.
