The Property Academy Podcast

In this episode, we discuss the pros and cons of buying a property off the plans. We break down what it means to buy a property that hasn't been built yet. The benefits include possible capital growth, avoiding higher interest rates, and the luxury of first choice. However, they also explore the potential cons and risks. These include property prices going down, banks changing their lending criteria, loss of deposit, and concerns about the developer's quality of work. Main Points Discussed: off the plans pros and cons New Builds Risks of buying off the plans And we also mention our upcoming webinar ⁠⁠⁠Policies, Predictions & Property: How to invest in 2024⁠⁠⁠ on Tuesday September 5th at 7pm, click the link to register.

In this episode, we discuss where the most expensive local council rates are for property investors. The analysis includes an examination of areas where council rates are more expensive and less expensive. Main Points Discussed: The most expensive council rates for property investors Ratepayers Report Big cities vs small towns Key factors influencing rates, including population size and density, geographic area, and fixed costs And we also mention our upcoming webinar ⁠⁠Policies, Predictions & Property: How to invest in 2024⁠⁠ on Tuesday September 5th at 7pm, click the link to register.

In this episode, the hosts explore the complex world of mortgage clawbacks. This is where your mortgage adviser could send you an unexpected bill for thousands of dollars. You'll learn the potential cost of clawback fees, how they are calculated, and how they can be legitimately charged. We also share tips for how to avoid clawback fees. And we also mention our upcoming webinar ⁠Policies, Predictions & Property: How to invest in 2024⁠ on Tuesday September 5th at 7pm, click the link to register.

In this episode, we discuss the recent Reserve Bank announcement and what it signifies for the property market. The Reserve Bank has left the OCR at 5.5% and released new forecasts and data that both signal the end of the downturn in the property market. According to their forecasts, house prices bottomed out in March and are expected to increase by 14.5% three years from today. Alongside this, we discuss recent REINZ data, showing two months of rising Auckland property prices, and variation across different regions in New Zealand. Main points discussed: Reserve Bank's new forecasts and its implications REINZ data and property price trends Is it too early to declare the end of the property market downturn? The possible impact on interest rates. Also we mentioned the House Price data on our website, click the link to see all the latest updated data.

In this episode, we are joined by Di Foster a listener of the show and property investor. Di shares her story, including how she was diagnosed with terminal cancer but pulled through and is now living life to the fullest. She shares how she started investing in property, her fears and her concerns. If you'd like to come on Case Study Sunday and share your story, either message us on Instagram, or email ed@opespartners.co.nz

In this episode, we discuss the average tenant who is likely to rent a property. This is based on data gathered from various sources, including Stats NZ. We start with an overview of the entire country, then dig into the differences between renters and homeowners. Ultimately this gives you a sense of who your tenant may be ... and the sort of properties they want to rent. Main points discussed: Renters vs owners Average tenant Who will rent my property? We also mention this article that contains all the data. And we also mention our upcoming webinar ⁠Policies, Predictions & Property: How to invest in 2024⁠ on Tuesday September 5th at 7pm, click the link to register.

In this episode, we discuss a recent post from the Property Investors Chat Group, where a property investor expressed frustration with their mortgage broker. The investor felt that the broker did not secure the best interest rate for them and raised several non-negotiable conditions for their mortgage. Andrew and Ed dissect the post, reacting to both the investor's demands and the broker's response. Main points discussed: mortgage brokers Does mortgage broker get best interest rate? And we also mention our upcoming webinar Policies, Predictions & Property: How to invest in 2024 on Tuesday September 5th at 7pm, click the link to register.

In this episode, we discuss how to move from a non-bank to a main bank. This includes the strategies you can use to get in the position where you can move. These include: waiting for property values to increase to aggressively paying down debt. We also talk about the factors that can stop you from moving – like current bank lending policies. Main points discussed: Non bank lenders vs main banks Non bank exit strategies Bank lending policy And we also mention our book Wealth Plan is now available as an audiobook ⁠⁠⁠⁠⁠here

In this episode, we are joined by Ilse Wolfe to play a newly invented game – Renovation Roulette. This is a new game show we have just made up, where we spin a wheel to unveil the hidden costs and budget blowouts in various renovations you might complete in your house. This includes real scenarios from the Property Investors Chat Group/ Through this, you will learn the secrets behind successful renovations and learn how to spot budget blowouts and hidden costs before they hit your wallet. Main points discussed: Identifying hidden costs in renovations Renovation cost and budget blowouts BRRRR strategy And we also mention our book Wealth Plan is now available as an audiobook ⁠⁠⁠⁠here

In this episode, we discuss the complex world of mortgages, specifically break fees. We let you know what a break fee is and why the banks charge them. You'll also learn when it does and doesn't make sense to break a mortgage. Main points discussed: Understanding Break Fees How Break Fees are calculated How Long to fix your mortgage for And we also mention our book Wealth Plan is now available as an audiobook ⁠⁠⁠here