The Property Academy Podcast

In this episode, we discuss whether you should buy a timeshare and whether it counts as an investment property or not. The answer should not surprise you. It's no.  In a timeshare, generally, the only person getting rich is the person selling the property. That's because by the time the purchase price is spread across 50 different people, the purchase price of the property may be twice its market value. Timeshares are very hard to sell as there isn't any robust secondary market, which means there is little capital gain to be had.  And during the time you are able to use the property, you generally do not have the ability to rent it. That means no cashflow.  We also mention our No Money Worries – property investment email course. This 9-lesson course will teach some of the basics about property investment, including our top tips that aren't available elsewhere on our website.

In this episode, we discuss what you should do in-between purchasing properties and adding them to their property portfolio.  The key steps you can take are: paying down debt; monitoring your rental properties and generally living life – if you're looking for a passive investment. We also mention our No Money Worries – property investment email course. This 9-lesson course will teach some of the basics about property investment, including our top tips that aren't available elsewhere on our website. 

In this episode, we discuss how to set realistic property investment goals. This includes walking through a few unrealistic goals, both for long term investment and for trading.  Then we walk through a couple of realistic goals, such as replacing your income, which you could likely achieve through property investment.  We finish up by talking about our free property investment email course, which you can use to learn our top 9 lessons in property investment. 

In this episode, we discuss contemporaneous settlements and how you can use someone else's money in order to make more money in property.  A contemporaneous settlement is where you are able to buy a property and then sell it on the same day ... and what we mean by that is you have two settlements occur – you settle on the first property with you as the purchaser, and then you settle on the property again as the vendor – all on the same day.  This is an advanced property investment strategy, that can be very useful in very specific situations. There are also a few fishhooks to keep your eye out for.  We also mention the No Money Worries Email Course, where you can get our top 9 lessons on property investment, absolutely free.

In this episode, we discuss Core Logic's evaluer, which provides an electronic valuation of every property in New Zealand.  That valuation is based on an algorithm which looks at the actual sale prices of recently-sold properties that have similar attributes (bedrooms, bathrooms, land size, property size, location and any other attributes that come within Council-sourced data). Within the show, we discuss some of the intricacies in how this is calculated and how it changes based on the type of property being valued.    We also mention our podcast survey, where we are seeking your help to make this show even better. Click this link to take the survey, and once you're done we'll send you your very own Property Academy Podcast mug.

In this episode, we discuss a few important updates that have recently been announced by BNZ and ASB sound their lending policies.  Banks are rapidly changing their lending criteria in the fall out following the Covid-19 induced lockdown, which is why it's important to start on top of the property investment market.  We also mention our podcast survey, where we are seeking your help to make this show even better. Click this link to take the survey, and once you're done we'll send you your very own Property Academy Podcast mug.

In this episode, we discuss why you can't always believe what you read in a developer's marketing materials, with a special focus on a recent article featured in The Press. This article profiled a particular Christchurch developer who had suggested that a property they were developing could be used for Airbnb, despite the fact that purchasers would need resource consent for that to be legal. The developer in question had inserted a disclaimer that suggested that enforcement action from Christchurch City Council would not be forthcoming. The council has taken exception and stated that they will be enforcing their current bylaws and that the disclaimer should be removed from the developers marketing materials.  Finally, we wrap up by asking if you would please take our Podcast Survey. Our goal is to create the best podcast in the world that teaches real Kiwis how to invest in New Zealand property. You can really help us do this by taking two minutes to answer these 7 questions.

In this episode, we discuss what going unconditional means. This is a question received from George who is based in Queenstown.  We explain that there are four steps involved in purchasing a property: 1. Put a property under contract. This gives you the right to purchase the property at a specific price, subject to you feeling comfortable that you should buy the property 2. Do due diligence to work through the clauses you need to satisfy yourself of in order to purchase the property 3. Go "Unconditional" where you confirm that you will purchase the property and there are no further conditions. This is when you are locked in and you have to purchase the property.  4. Settle the property and pay the balance of the purchase price through your lawyer We wrap up by asking you to please complete our podcast survey, Once you fill out the survey we'll send you your very own branded Property Academy Podcast mug.

In this episode, we discuss a questioner that has recently been submitted by another Property Academy Podcast listener, this time from Hamilton. They query whether property prices will really double over the next 10-15 years. Although we don't have a crystal ball, we walk through 5 reasons why we think there is reason to have confidence that house prices will appreciate and we walk through why you can't use a standard house price to income ratio as an indicator that house prices have a limit to how much they can increase relative to incomes.  Finally, we mention our podcast survey. This survey is going to help us create the best podcast in the world about investing in New Zealand property. You can help us get there by filling out the survey .... and in return we will send you your very own branded Property Academy Podcast mug.

In this episode, we answer a listener question, which was: how do you make yourself look better in the bank's eyes when applying for credit.  We specifically go through how to correct poor account conduct and how to protect your credit history so that you are more likely to get the lending you need when attempting to purchase an investment property. If you'd like to check your credit history, you can do so for free through Equifax here.  Please also take a moment to take our podcast survey. Our goal is to make the best podcast in the world about investing in New Zealand property. And a big way you can help us do that is by answering these 7 questions. Bonus: once you answer all 7 questions we'll send you your very own branded Property Academy Podcast mug. In this episode, we answer a listener question, which was: how do you make yourself look better in the bank's eyes when applying for credit.