Q&A: Do I Buy One Property at $600k or 2 at $300k…Plus More

Today I'm tackling some of the questions getting posted in our Perth Property Investment Facebook Group to throw in my 2 cents and hopefully help you with your investing too… So if you are not already a member head on over to join us and keep the questions coming!

Firstly, I take a deep dive on some of the factors to consider whether to buy one property at $600k or 2 at $300k… it should be very interesting to look at all sides of this one.

I then go on to cover off my feedback on buying in Cloverdale, the pros and cons of using a buyer's agent, how to go about it yourself without using one, pointers for using equity in your home to fund your next purchase, choice of loan setup, whether a unit in the big complexes make for a good investment and whether you should consider getting your next property purchase meth tested.

These questions might just be yours too or will help confirm your approach to investing. 

Let's go inside.

 

Resource Links:

• Join the Perth Property Investment Facebook Group (https://www.facebook.com/groups/perthpropertyinvestors)
• Join Jarrad Mahon’s Property Investor Update (https://www.investorsedge.com.au/join)
• For more info on our award-winning and highly rated Property Management services that give you guaranteed peace of mind (https://www.investorsedge.com.au/perth-property-management-specialists/)
• For more info on how our Property Sales services can ensure you get the best selling price while handling all the stress for you (https://www.investorsedge.com.au/selling-your-perth-property/)
• Get Jarrad’s strategic advice towards your property purchase and development plans (https://www.investorsedge.com.au/invest-in-perth-property/)

 

Episode Highlights:

1. Intro [00:00]

2. The pros and cons of buying property at about 600k vs 300k [2:10]

3. The price point needs to come back to your strategy [3:36]

4. Growing the asset base first [04:32]

5. Better to be going towards the growth property, the quality property [06:57]

6. Rental yields are so good [07:15]

7. Save up some more money and invest in a higher price point [08:52]

8. How to search for the right investment property without forking out [10:28]

9. Speak to your accountant to verify but the actual return of investment [12:12]

10. Recommended suburbs based on an evidence based data-driven approach [13:54]

11. Another way we can help is to give you a specific property review [15:10]

12. What are everyone's views on Cloverdale [16:10]

13. Would you look for investment at 350 to 400k in a unit? [19:39]

14. The pros and cons of having your loan as a principal interest [23:34]

15. Look at what's your ability to save [26:29]

16. Most affordable and often most accepted by migrants grow last 12-18 months  [27:23]

17. A change to the Strata Titles Act [30:18]

18. Is testing a property for meth common in Perth? [31:36]

19. Outro [34:27]

 

Thank you for tuning in! If you liked this episode, please don’t forget to subscribe, tune in, and share this podcast.

 

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