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Robert Skeen (Buyers Agent)
263 followers -
Property Buyers Agent Specialist , Expert Real Estate Negotiator —powerful, proven strategies for investors & home buyers
Property Buyers Agent Specialist , Expert Real Estate Negotiator —powerful, proven strategies for investors & home buyers

263 followers
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Top 5 growth suburbs by state 15th June 2015
Rankings are based on a maximum median sales price of $550,000 and are for two-bedroom houses. Listed by suburb, annual growth, median sold price.
NSW
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Campbelltown – 11.7% – $477, 500
Lalor Park – 11.6% – $501,500
Islington – 11% – $452,500
Penrith – 10.9% – $470,000
Blacktown – 10.5% – $507,500
VIC
Tarneit – 18.3% – $294,000
Craigieburn – 12% – $300,000
Eaglehawk – 7.7% – $235,000
Castlemaine – 7.5% – $335,000
Chelsea – 7.3% – $520,500
QLD
Palm Beach – 5.7% – $533,750
South Toowoomba – 5.1% – $289,000
East Toowoomba – 5% – $348,500
Labrador – 5% – $397,500
Roma – 4.8% – $252,500
SA
Somerton Park – 4.3% – $545,000
Adelaide – 3.2% – $516,000
Mawson Lakes – 2.9% – $337,500
West Croydon – 2.8% – $419,500
Prospect – 2.6% – $476,000
WA
Rockingham – 13.1% – $500,000
Westminster – 8.8% – $464,500
Coolbellup – 6.5% – $521,250
Belmont – 6.4% – $515,000
Midland – 6.2% – $460,000
Data source - Real Estate.com.au

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This is one meeting you will not want to miss!!!
Phil Preston is a leading global case study author , he will be talking about “How to Harness Social Good and Blitz Your Competition”.
 
Instead of giving money away after you have been successful, what if social good could drive your success in the first place?

Phil Preston will challenge the status quo by taking social good from being a light and fluffy topic to a tangible business proposition. He will guide us on:

– Increasing your ROI from community sponsorships
– Identifying profitable growth opportunities
– Building a stronger brand than your competitors

You will find out how to apply these principles in your business, so that you can gain a sustained edge and blitz your competition.

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Friday Funnies - Let us search for your dream investment property while you go on your next holiday

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Housing Market Update across Australia - May 2015

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What’s happening right now in the property market, and where are interest rates heading?

We’re hosting a networking breakfast where you can to meet a host of new business contacts, get the latest property trends from Matthew Hassan, Senior Economist at Westpac Bank, and connect with one of Sydney’s most successful business groups.
Matthew will be discussing:
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What’s happening right now in the property market, and where are interest rates heading?

 Read more about our event on the link below.

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We are coming 2nd in the WOTSO Leaderboard. who's your picks this week?

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Sick of missing out at Sydney property auctions?
Let us find your new home.We're here to help... start an obligation free conversation today
Call 02 9033 8616    skeenproperty.com.au

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How many investment properties do you need?
John McGrath, CEO, McGrath Estate Agents
March 2015
This is a question that a lot of investors ask me and unfortunately there’s no definitive answer – it depends on many factors.
The most important thing to figure out is what you want from your investments. For example, fully funding your retirement with passive income, or simply having some supplemental income; are two common goals.
The problem is, most people stop at one or two properties and that’s definitely not enough for something as big as fully funding your retirement.
Some numbers released by the Australian Taxation Office and RP Data in 2013 provide a snapshot of how we currently invest in real estate.
Just over 70% of investors own just one property and a further 18% own just two. Then it drops down to 5.5% who own three, 2% who own four, 0.8% who own five and 0.9% who own six or more.
It could be argued that even six won’t be enough to fund your retirement if you want a good lifestyle; and right now only 0.9% of investors are even close to that point.
Here are some tips to help you figure out how many investments you’re going to need to achieve your goals.
1. Get a game plan. The best idea is to work backwards. Say you want to fully fund your retirement with $100,000 in passive income. Would five properties returning $20,000 per year would work? Actually, no. You’ll need to pay tax on that income and even if you owned all five debt-free, they’re still going to cost money to maintain. Strata levies alone on five standard two bedroom apartments in Sydney could easily add up to more than $20,000 per year, so there goes one full lot of rental returns to cover just one maintenance cost. So do the numbers taking everything into account.
2. Be realistic. One investment property worth $1 million, returning a 5% yield; is going to deliver $50,000 in income. Three of those probably sounds great for your retirement. The problem, of course, is the high acquisition cost of such assets. There aren’t many ordinary investors around who can afford a $1 million investment property. The more realistic scenario is acquiring multiple, more affordable properties – so you’ll need a significant number of them to achieve your goals
3. You need capital growth to achieve income. When people talk about property income, they immediately think about yield. But if you’re aiming to fund your retirement, it’s critical that your properties achieve solid capital growth – for two primary reasons.
• Capital growth will enable you to buy more properties – the equity from investment one, accrued over a bit of time, will help you fund the deposit for investment two, and so on.
• When you’re ready to retire, odds are you will not have paid off the debt on a multi-property portfolio. A common strategy is selling half your portfolio to pay off the remaining assets; and you live off the income from those that are left.
4. Safety in diversity. As with most investments, diversity provides safety. Go for a mix of property types (apartments and houses) and a mix of higher growth/lower yielders and lower growth/higher yielders.
5. Get going ASAP. Real estate is a long term investment strategy only. The longer you hold your investments, the more capital growth you will achieve. You also need a fair bit of time if you’re aiming to build a large portfolio – putting together the money for each purchase might take a year or two (if you’re lucky!) on each acquisition, whether it’s funded from savings or equity. If you need 10 properties to achieve your $100,000 passive income; and you buy every two years, we’re talking 20 years minimum to get your portfolio together.
6. Get comfortable with good debt. You’ve heard of the term ‘good debt’? Remind yourself of this if you’re nervous about taking on high debt – which is inevitable on a large portfolio. Property is a very safe, reliable way of accumulating wealth and you need debt to do it. Accept it, make smart choices when buying, and stick to a budget. Don’t push yourself too hard financially, make sure you have a buffer for rate rises and so on over the very long term
Finally, talk to your financial advisor and accountant before embarking on any investment strategy. There is a lot to consider, including tax matters, ownership structure and debt management to name only a few, so get some advice from people you trust.
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