The Property Academy Podcast

In this episode, we are once again joined by Josh Graham from Roost Mortgages. And we discuss that even if you think you can afford a mortgage at the current interest rates, the banks may not approve your application.  The reason is that banks have higher servicing 'tests' that they run your mortgage application through. This means that even if you go on a 3.65% interest-only loan, they will test you on principal and interest at 6.95% in some cases.  We discuss ways to combat this, and also what it all means for property investors and first home buyers.  If you want to learn more about property investment, head to Opes Partners website. 

In this episode, we are joined by Josh Graham from Roost mortgages. In the show, we answer the questions we received from the audience at our recent Queenstown property investment seminar. Here, we discuss what happens if interest rates were to spike. We start off detailing the reasons why we think interest rates are not likely to go up in the foreseeable future, before talking about how you can structure your investment properties and finances to protect against this eventuality. Of course, if you are keen to learn more about property investment, then head to the Opes Partners website.

In this episode, we are joined by Josh Graham from Roost mortgages. In the show, we answer the questions we received from the audience at our recent Queenstown property investment seminar. Here, we discuss whether it is cheaper to use a floating interest rate, rather than a fixed interest rate. The short answer is no. However, there may be a reason that some property investors or first home buyers might use a floating interest rate for a portion of their loan.  Of course, if you are keen to learn more about property investment, then head to the Opes Partners website.

In this episode, Dean Blair and Ed discuss who's best interests your advisor really has in mind. Traditionally, investment companies attract customers based on free advice. Advisors would then earn their income from receiving a commission if their clients purchased a specific product.  Dean explains why this has meant that even well-meaning advisors will be seated on the opposite side of the table to the client, representing the best interests of their company and products.  The alternative is fee-for-service advice, where customers pay a fee to their advisor, thus freeing advisors from needing to recommend a specific product. This is what we mean by sitting on the same side of the table as your advisor.  To learn more about property investment in New Zealand, head to the Opes Partners website. 

In this episode, Dean Blair and Ed discuss what a good retirement plan actually looks like. So often in the podcast, we discuss the need for a plan, but not what one contains.  As an Authorised Financial Advisor, Dean spends a lot of time helping people create exactly these sorts of plans. And in this episode, he shares that a FoxPlan retirement plan addresses three area or circles:  1) The Bank (day to day cashflow)  2) Asset and Wealth Accumulation 3) Risk Mitigation We delve into each of these and consider how they work together. This is what we mean by total financial planning.  To find out more about property investment, head to the Opes Partners website.

In this episode, Dean Blair from FoxPlan joins us again to talk about whether it is too late to start sorting out your retirement plan. We agree that while it's never too late to get it sorted, the plans and tactics you use will be different based on your age and situation.  The key part of any retirement plan is understanding the risks you are taking and clearly seeing your options.  For more information about property investment in New Zealand check out the Opes Partners website.

In this episode, we welcome special guest, Dean Blair from FoxPlan to the show. During the show, Dean shares his personal story of how he was dumb with his money in his early days and how it affected him. He has now made it his mission to better help Kiwis make smart financial decisions. Dean will be joining us for a series of 5 episodes, where we'll talk about creating a wholistic financial plan. To learn more about property investment, head to Opes Partners website.

In this episode, we discuss another question posed by our youngest listener – Jackson ... "when you die, will I get some of the properties?" This is an important question because one of the key reasons people get started in property investment is to build inter-generational wealth ... and leave an enduring legacy for their children.  We discuss the need to set up wills, enduring power of attorneys, and the need to have proper insurance and risk mitigation programmes in place.  If you would like to find out more about property investment head to the Opes Partners website.

In this episode, we discuss what to look out for in a rental property. And it starts with understanding the type of investor that you are first – whether you are looking for capital growth or whether you are looking for yield.  If you're looking for yield, you'll realise that there are different tenancies that you could go for, each with their own benefits and drawbacks. We discuss room by room tenancies and Air BNB. These types of tenancies are going to be higher yield, but in order to access that you'll need to look for a very specific type of property.  If you're interested in learning more about property investment check out the Opes Partners website.  

In this episode, we discuss maintenance. One of the biggest complaints landlords receive from tenants is deferred maintenance. That's where tenants have reported maintenance issues and they haven't been actioned by the landlord.  The issue with maintenance is that it is hard to plan for. You don't know when things are going to break, what's going to break and how much it's going to cost. The only way to combat this is to budget and plan for it accordingly.  For more information about property investment, head to the Opes Partners website.