Monday, May 21, 2018

Debt Finance Vs. Equity Finance – Which is Better for Property?

Debt finance will always take the form of a loan and equity finance tends to mean a profit share with a high net worth individual or a sophisticated investor. As a property investor, whether you choose one or the other will depend on the specifics of the project you are working on and there might […]

Melbourne Housing Market Update [video] | May 2018

In Melbourne, the market`s resilience to a downturn seems to be wearing off, with month on month declines gathering some momentum.

Core Logic has released their newest housing market update for May 2018.


Dwelling values were down 0.4% in April, taking values 1.1% lower since peaking in November last year.

Similar to Sydney, the local unit market, where price points are more affordable, has shown some relative strength, in fact unit values across Melbourne remain at record highs after rising 0.2% over the first four months of the year.

As the market softens, listings numbers are tracking higher, up 5.1% relative to last year.

Despite the rise in inventory, private treaty selling time remains very low at just 29 days and discount rates are also low, tracking at 4.7% suggesting vendors are still holding some leverage in the selling process.








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Sunday, May 20, 2018

10 Inspirational Quotes From Jim Rohn

The late Jim Rohn was a gifted storyteller with dynamic delivery and thought-provoking substance.

His philosophy was an important influence on me as I was growing my wealth and business so today I’d like to start the week with a collection of his quotes:

1. “To become financially independent you must turn part of your income into capital; turn capital into enterprise, turn enterprise into profit; turn profit into investment; and turn investment into financial independence.”


3.  “Success is nothing more than a few simple disciplines, practiced every day, while failure is simply a few errors in judgment, repeated every day. It is the accumulative weight of our disciplines and our judgments that leads us to either fortune or failure.”

4.  “There is no better opportunity to receive more than to be thankful for what you already have. Thanksgiving opens up the windows of opportunity for ideas to flow your way.”

5. “Goals. There’s no telling what you can do when you get inspired by them. There’s no telling what you can do when you believe in them. There’s no telling what will happen when you act upon them.”


7. “Don’t sell out your virtue and your value for something you think you want. Judas got the money, but he threw it all away and hung himself because he was so unhappy with himself.” 

8. “Values were meant to be costly. If it doesn’t cost much, we probably wouldn’t appreciate the value.”

9. “If you don’t like how things are, change it! You’re not a tree.”

10. “Happiness is not something you postpone for the future; it is something you design for the present.”

And your bonus for this week:

Pablo (90)


Sydney Housing Market Update [video] | May 2018

Australia`s largest housing market, Sydney, has continued its slow melt, with dwelling values slipping 0.4% lower over the month to be down 4.3% since the market peaked in July last year.

Core Logic has released their newest housing market update for May 2018.


House values have worn the brunt of the downturn, falling 5.8% since peaking, while unit values have seen some support, down a less substantial 1.4% since peaking, as buyer demand remains stronger across the more affordable price ranges.

As the market slows, the typical selling time for private treaty sales has pushed higher, reaching 36 days at the end of March compared with 31 days twelve months prior.

The longer selling time is also visible in advertised stock levels which are now tracking 26% higher than a year ago.







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Saturday, May 19, 2018

Don’t be a complainer | Jim Rohn

Complaining – There’s room for legitimate complaining, but if you let this deadly disease of attitude – complaining – loose it will conquer you. 

Complaining can take over your life.  Jim Rohn_2015

Destroy you and leave you without anything.

Nobody wants to take along a complainer.

Nobody wants to promote a complainer.

Nobody wants to live with one.

Nobody wants to be a partner of one.

Nobody wants to have one around.

Complaining leaves you out of more opportunities than you can possibly imagine if you let it take over and grab you by the throat.

If you don’t think complaining is bad ask the children of Israel of Old Testament fame.

They are typical of us all, but their story just happened to get in the Book. change courage city work life motivation happy positive

The story says children of Israel are slaves in Egypt.

God performed a series of dazzling miracles and gets them out.

Now they have their freedom and are heading for the Promised

Land.  But… the tragedy of the story – they never got there.

Reason – from day one they started to complain.

They griped about the food – they had just been delivered from slavery and they are complaining about the food?!  Confused mind think thought

They whined and cried and griped about the water.

In the desert they HAD water to drink, but… it didn’t taste that good?! 

They whined and complained about the leadership… that had just delivered them from slavery?!

They complained that it was too hot, too cold, too far, too difficult, too rocky.

They whined and cried for years – forty to be exact. 

Finally, God said I’ve had it – Trip Cancelled!

The story says that they died in the desert and never reached the Promised Land – after all that trouble!

I believe this story teaches two things:

1) Indulge in complaining long enough and you will get your future cancelled – future promotions, future opportunities.

2) Even God himself can only take so much complaining.

I think you get my point.

Complaining is not for the winners in life.

You must focus on what you can do, not what you cannot.

And you must focus on the opportunities not the difficulties.

When you do this you will not only inspire yourself but you will be an example for others to follow as.


Adelaide Housing Market Update [video] | May 2018

The Adelaide housing market saw values edge 0.1% higher in April, however the market is down 0.4% over the first four months of the year.

Core Logic has released their newest housing market update for May 2018.


Despite the relatively steady conditions, settled sales have tracked 3.2% higher year on year across Adelaide and ctivity is now outpacing the decade average.

As buyer numbers rise, advertised inventory levels have reduced across the city, falling by 5.8% relative to the same time last year.

The lower stock levels suggest vendors may see some improvement in selling conditions, although the average time on market for private treaty sales remains elevated at 56 days.







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What happens at a Building and Pest Inspection?

Being based in Queensland, the vast majority of our contracts have the luxury of including a building and pest inspection, typically being a 7-10 day clause.

Even though other states may not have this luxury it is still something you should consider carrying out at some stage. Pest Control Q

For a small one of fee, it could at the very least give you piece of mind and at the very most save you hundreds of thousands of dollars.

So, what actually happens at a building and pest inspection?

Typically, on an average home it could take between 60-90 minutes for two inspectors to carry out a full inspection.

I say two inspectors because you should have a specialist building inspector and a specialist pest inspector focussing on each area, a single inspector, pressed for time, may miss something important.

The inspectors should work closely together and sweep through the property with a fine-tooth comb.

Most cosmetic issues can be picked up at a single inspection, but it is the structural integrity of the property that you want to make sure is all above board.  


Likewise, it could also appear as a minor cosmetic issue, but upon further inspection, it may be something more sinister.

The inspectors should also access areas that you have not been able to view in the initial inspection, things like:

  • Underneath the house — footings, stumps and drainage
  • Structural integrity
  • Locked garages or sheds
  • The roof space — structure, leaks, insulation
  • The roof — integrity, rust, gutters

They may also investigate other areas you may not have considered like retaining walls, trees, outside sheds etc.

Building Inspection

The building inspection should be used to assess the structural integrity of the property and to ensure there are no major damages or works to be done.

Quite often you will find that major repairs and upgrades do not really add value to a property.

For example, replacing a stump or rusty gutter does not increase the value of a property.

If the damages are too severe it may be best to move on, however minor damages can then be taken into consideration as part of the final price.

You can generally exit a contract under this clause for any structural issues.

Pest Inspection

If you are based in Queensland, I would strongly recommend a pest inspection. Pest Inspection

As in industry professional, we could carry out up to 100 inspections every year for our clients and I would say at least 80% of these would find termite activity in one way or another.

They are either hiding in gardens, trees or retaining walls or in parts of the home itself or in many cases have left evidence of their presence previously.

95% of the time, it is really superficial things and nothing that can’t be corrected very easily or just something to be made aware of.

Other times we may find structural issues or nests that may be more serious.

The Reports

Finally, you should also have two separate reports mailed to you with full inspection details.

I will warn you now though — BEWARE the disclaimers. Pest

As standards and laws are continually changing, inspectors are very reluctant to put in writing their own personal opinions.

Rather than relying on these reports, I would strongly recommend being present at the inspection or at the very least, having someone who you know or trust attend on your behalf.

Often asking questions and feedback at the inspection with give you a much clearer picture of a potential issue, minus the disclaimers.

Second to that, you may also wish to phone and speak to the inspector direct to understand any potential issues.

An initial read of these reports can be demoralising and a little confusing at the best of times.

My tips for a building and pest inspection

  1. Always have a separate building inspector and pest inspector. Pest Inspection Report
  2. Strongly advise a pest inspection if based in Queensland.
  3. Allow 60 – 90 minutes for the average property inspection.
  4. Negotiate any major repairs into the price, as repairing these do not add value to the property.
  5. Termite activity is very common – only panic if there are major structural problems not superficial activity or presence in garden beds etc.
  6. My last tip would be to attend the inspection, or at the very least have someone you know and trust attend on your behalf.