Starting to learn into the process of buying property , and I'm finding your videos very easy to understand. Thanks for creating these videos. I'm watching one of your videos each day.
here's me who just purchased a stand alone unit, on 290 Sq meters, with a low Strata fees. I'm loving it the backyard is as bigger new off the plan houses. I would avoid apartments though unless its a penthouse.
I bought 2 bedder unit in 2018 off the plan, ready and moved in 2019, bough a Investment property home with land 680 Sam in 2022, finally sold my unit this week and I will buy a house to live in for good!!
Hey, that's awesome news! Huge congrats on selling your unit and all the moves you've made since 2018. From snagging that 2-bedder off the plan, to picking up an investment property with some decent land, and now getting ready to buy a house to settle down in - you're absolutely smashing it! Sounds like you've had quite the journey with property, and it's really paying off. Best of luck finding your forever home. Sounds like you're on a roll! 🎉🏡
It’s probably good time to pick up a cheap unit in a blue chip location while everyone ignores this Market and fomos into houses over borrowing. This will change
1. Rent vs. Buy works better for houses or units? Units are affordable to substitute for rent. So high rent should help units demand more. 2. In market cycles usually the high end appreciares first and the rest catches up. Houses then units. Why two illeterate guys with zero critical thinking need to make a one-sided program?
Is a townhouse considered a house or a unit? I got an off the plan townhouse in Canberra last year for 525k, and I am eligible for the home builder grant! I’m so glad i got into the market before it went crazy in Canberra
I will have 750K in August. 400k deposit plus 350k from a loan. I have given up finding a house in Brisbane or the Gold Coast. I just don't see the point buying a house with a tiny block somewhere like Pimpama where 60% of homes are rentals, cars are parked all over the footpaths and there is limited amenities.
Hi glowimagery. I understand your concerns. Buying a property is a significant investment and it's important to be satisfied with not just the house itself but also the neighbourhood and community. With your budget of 750K, you might want to consider other areas in Queensland which can potentially offer larger blocks and less crowded residential communities. Regions such as the Sunshine Coast or Toowoomba might be worth exploring. If you prefer to stay near Brisbane or Gold Coast, you could look into areas that offer more amenities and are less crowded, though you might have to compromise on property size due to the budget constraints. You could consider investing in new housing projects, although this might require some waiting time. The advantage here is that you could potentially get a larger block and a newer house within your budget. Have you thought about property investment as an option? Instead of buying a house to live in, you could consider purchasing a property to rent out. This can provide you with a steady income stream while the property value potentially appreciates over time. Before making a decision, I would suggest consulting with a real estate agent or a mortgage broker like ourselves who can provide you with professional advice based on your personal situation and goals. They can provide a comprehensive analysis of the property market, consider factors like future development plans in different areas, and help you find a property that suits your needs and budget.
@@MortgageBrokerAustralia Thanks so much for your detailed answer. I will consider all that you said. I have worked and saved hard for my deposit so don't want to rush into a purchase before I do thorough research. Happy to use your services but I will wait until August as I am receiving an unknown workcover compensation payout. Thanks again
Hi glowimagery. Thank you for your thoughtful comment, and I appreciate your diligence in conducting thorough research before making a purchase. It's great to hear that you've worked hard and saved up for your deposit, and it's wise to take the time to consider all the factors involved. Waiting until August when you receive your workcover compensation payout is a prudent decision. It's essential to have a clear understanding of your financial situation and make informed choices based on that. I'm glad to hear that you're open to using my services, and I'll be here to assist you when the time is right. Remember, buying a property is a significant decision, and it's crucial to have all the information you need to make an informed choice. Feel free to reach out if you have any more questions or if there's anything else I can assist you with. Best of luck with your research, and I hope everything goes well with your workcover compensation payout.
All people want is to live in a place, not make money on it. Two years ago, to today are two different things too. We own nothing we thought we did, so there goes the whole show guys.
6:30 who doesn't know this? everyone prefers a house over a unit. but no choice. 2024, thanks to Albo govt. now we got record number of new migrants without having sufficient housing and infrastructures. at least I will get out of rent. I will have my own place and farewell to my greedy landlord.
If you're referring to a specific unit in Manila that offers rooms for business and parties, and there's an implication about who is responsible for the payments, it sounds like the arrangement might be designed for tenants to bear the cost for these amenities. This is a common practice in certain types of real estate developments where added facilities are offered as perks, but the costs are typically passed on to the tenants or users. It's always important to carefully review the terms and conditions of any lease or rental agreement to understand financial responsibilities.
In regard to potential rental yield, do you think a 1 bedroom with a GC coast view or a 2 bedroom no view but within 5-10 km of the Gold Coast broadwater would be a better investment?
Thanks Edli, great question and that's a million dollar question only hindsight will be accurate on. Hard for me to say, there are pros/cons to each. Might be an idea to have a look at the past 10, 20, 30 years have looked like for 1 bed/2 bed properties in coastal areas and see how they've performed. Might give you an indication on what the future might hold.
In case you didn’t get your answer, no one knows what’s going to happen. “How long is a piece of string?” is the response you’re going to get from everyone. Aside from not being able to provide financial advice, they simply have a slightly better educated decision than you. SOO many investors get it so wrong. Depending on your personal circumstances, purchase something most desirable for both Airbnb and (if necessary) long term rental. That’s just my piece (Not financial advice) 😉
Hey guys enjoyed your video, I’m looking at buying my first investment property, I was thinking about an apartment in woolloongabba ahead of the Olympic Games and wanted to get your opinion on that?, thanks
Thank you for the video. However, I don't actually think you answered the Q 'Why You'll Regret Buying a Unit in 2021' so WT! I just want to take my $ out of the bank and get the hell out of the penal colony and live in Spain, France or Honolulu. No kidding, priced out of the market. I dont want some crap unit in the western suburbs of Sydney or Brisbane. My mortgage broker told me to stick to the area in the Eastern Suburbs of Sydney I wanted. I asked him to do a google search and look at the increased prices of a 2 bedroom unit. Really unhelpful and clearly does know do his research. Mortgage brokers - objective sell a home loan but not give informative advice. Can anyone actually give informative advice? Do appreciate the fact you have taken the time to do your vids but thus far I am yet to find any helpful vids. I am just so overly stressed.
Thanks for watching House, sorry to hear. Please check out: th-cam.com/video/T23ewYjfpRA/w-d-xo.html. These are 20 tips that might help. Wishing you the best moving forward with the house hunt.
Thanks CJ, depends on the area. There can be decent capital growth with townhouse. I guess it can be more in between houses and units from a growth perspective
If i wanted to live in perth id only relocate there to buy a home. Seriously think about the demand. However if you particularly want to live in a unit and think you will get 5 years usage out of it then will rent it out because you need a house to start and family and never sell the unit it its worth it.
I've found an apartment that is classified on the website as a house, not a villa or townhouse etc etc. I'm interested in it because it has great growth potential but I'm concerned about the strata. The place looks well maintained on the outside, but I do want to get solar/AC. (It's in an area that can get up to 40*C in the summer.) This is the first unit I've seen that has 'house' on it so I'm wondering if that means I won't need strata approval for solar, or if I likely will.
Thanks Faelyke, it's a tough on and would be best to get your solicitor to look into the deals, such as checking if there is a sinking fund or body corp. fund, etc.
Hi brobiv. Thank you for bringing up this perspective. While owning a house can indeed involve significant financial commitments, it's not necessarily a one-way road to financial struggle. There are a few important aspects to consider: Asset Appreciation: Over the long term, real estate properties often increase in value. This is known as appreciation, and it could mean that your home is a valuable asset that grows over time, potentially offering financial security in the future. Stable Monthly Payments: When you own a home with a fixed-rate mortgage, your payments remain the same over the life of the loan. This stability can be beneficial for budgeting and planning, unlike renting, where costs can increase unpredictably. Building Equity: As you make payments on your mortgage, you build equity in your home. Equity is the portion of your property that you truly own, which can be leveraged for other financial needs or serve as a nest egg for the future. Cost Control: Homeowners have more control over their living expenses. Yes, you might have to pay for repairs and maintenance, but you also have the power to invest in energy-efficient upgrades, choose when to undertake renovations, and more. Financial Discipline: Paying a mortgage can encourage financial discipline by encouraging regular saving and responsible financial planning. However, it's also essential to understand that homeownership isn't right for everyone. It does come with additional responsibilities and costs, like maintenance and repairs, insurance, and property taxes. These should be factored into the overall costs of homeownership. For someone considering buying a home, we at Hunter Galloway would guide them through the process, making sure they understand all the implications and steps, to ensure the journey is stress-free and uncomplicated. In conclusion, owning a home can be a significant financial commitment, but with proper management and planning, it can also lead to financial stability and growth. Let us know if you'd like to explore this further, and we'd be more than happy to help.
Just subscribed to your channel, lots of great helpful videos. This one scared me a little but it confirmed what I was thinking and had researched 😂 for me, I’m really wanting to move out, was even considering renting. I figured that if I can afford to buy an apartment (hopefully with the FHLDS), I may as well do this then pay to rent somewhere for a year. Not at the stage where I can afford to buy a house here in Sydney so as a first home an apartment will have to do
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Starting to learn into the process of buying property , and I'm finding your videos very easy to understand. Thanks for creating these videos. I'm watching one of your videos each day.
Thanks so much for watching!!
here's me who just purchased a stand alone unit, on 290 Sq meters, with a low Strata fees. I'm loving it the backyard is as bigger new off the plan houses. I would avoid apartments though unless its a penthouse.
Thanks for watching Leigh and appreciate sharing your experience!
Hellooo commenting in 2024 here lol. I guess it's paid out well now? How much is a low strata these days?
I live in a 2 story penthouse apartment 2 minutes from the beach. I don’t feel like I’ve “compromised” in any way.
Definitely a different story for penthouse's! Thanks for watching Adrian and appreciate your feedback!
These guys are stupid l, they think anyone can just buy a house l, some people can only afford a unit
I bought 2 bedder unit in 2018 off the plan, ready and moved in 2019, bough a Investment property home with land 680 Sam in 2022, finally sold my unit this week and I will buy a house to live in for good!!
Hey, that's awesome news! Huge congrats on selling your unit and all the moves you've made since 2018. From snagging that 2-bedder off the plan, to picking up an investment property with some decent land, and now getting ready to buy a house to settle down in - you're absolutely smashing it! Sounds like you've had quite the journey with property, and it's really paying off. Best of luck finding your forever home. Sounds like you're on a roll! 🎉🏡
It’s probably good time to pick up a cheap unit in a blue chip location while everyone ignores this Market and fomos into houses over borrowing.
This will change
Will be interesting to see how the unit market goes over time, that's for sure. Thanks for watching Nick!
Agree!
I’m looking at buying a house soon, fantastic video very informative!
You're most welcome!
Spot on info!
Glad you think so! Thanks for watching
1. Rent vs. Buy works better for houses or units? Units are affordable to substitute for rent. So high rent should help units demand more. 2. In market cycles usually the high end appreciares first and the rest catches up. Houses then units. Why two illeterate guys with zero critical thinking need to make a one-sided program?
You guys are great, keep up the good work 👌
Thank you 🙌
Is a townhouse considered a house or a unit? I got an off the plan townhouse in Canberra last year for 525k, and I am eligible for the home builder grant! I’m so glad i got into the market before it went crazy in Canberra
Thanks Danella, great question. I guess its more in between both.
I will have 750K in August. 400k deposit plus 350k from a loan. I have given up finding a house in Brisbane or the Gold Coast. I just don't see the point buying a house with a tiny block somewhere like Pimpama where 60% of homes are rentals, cars are parked all over the footpaths and there is limited amenities.
Hi glowimagery. I understand your concerns. Buying a property is a significant investment and it's important to be satisfied with not just the house itself but also the neighbourhood and community.
With your budget of 750K, you might want to consider other areas in Queensland which can potentially offer larger blocks and less crowded residential communities. Regions such as the Sunshine Coast or Toowoomba might be worth exploring.
If you prefer to stay near Brisbane or Gold Coast, you could look into areas that offer more amenities and are less crowded, though you might have to compromise on property size due to the budget constraints.
You could consider investing in new housing projects, although this might require some waiting time. The advantage here is that you could potentially get a larger block and a newer house within your budget.
Have you thought about property investment as an option? Instead of buying a house to live in, you could consider purchasing a property to rent out. This can provide you with a steady income stream while the property value potentially appreciates over time.
Before making a decision, I would suggest consulting with a real estate agent or a mortgage broker like ourselves who can provide you with professional advice based on your personal situation and goals. They can provide a comprehensive analysis of the property market, consider factors like future development plans in different areas, and help you find a property that suits your needs and budget.
@@MortgageBrokerAustralia Thanks so much for your detailed answer. I will consider all that you said. I have worked and saved hard for my deposit so don't want to rush into a purchase before I do thorough research. Happy to use your services but I will wait until August as I am receiving an unknown workcover compensation payout. Thanks again
Hi glowimagery. Thank you for your thoughtful comment, and I appreciate your diligence in conducting thorough research before making a purchase. It's great to hear that you've worked hard and saved up for your deposit, and it's wise to take the time to consider all the factors involved.
Waiting until August when you receive your workcover compensation payout is a prudent decision. It's essential to have a clear understanding of your financial situation and make informed choices based on that. I'm glad to hear that you're open to using my services, and I'll be here to assist you when the time is right.
Remember, buying a property is a significant decision, and it's crucial to have all the information you need to make an informed choice. Feel free to reach out if you have any more questions or if there's anything else I can assist you with. Best of luck with your research, and I hope everything goes well with your workcover compensation payout.
What about the API though? Seems better than buying a house if you have no intention to sell?
All people want is to live in a place, not make money on it. Two years ago, to today are two different things too. We own nothing we thought we did, so there goes the whole show guys.
6:30 who doesn't know this? everyone prefers a house over a unit. but no choice. 2024, thanks to Albo govt. now we got record number of new migrants without having sufficient housing and infrastructures. at least I will get out of rent. I will have my own place and farewell to my greedy landlord.
I saw a unit in Manila which offered rooms for business and parties. Guess who was supposed to pay for all this?
If you're referring to a specific unit in Manila that offers rooms for business and parties, and there's an implication about who is responsible for the payments, it sounds like the arrangement might be designed for tenants to bear the cost for these amenities. This is a common practice in certain types of real estate developments where added facilities are offered as perks, but the costs are typically passed on to the tenants or users. It's always important to carefully review the terms and conditions of any lease or rental agreement to understand financial responsibilities.
In regard to potential rental yield, do you think a 1 bedroom with a GC coast view or a 2 bedroom no view but within 5-10 km of the Gold Coast broadwater would be a better investment?
Thanks Edli, great question and that's a million dollar question only hindsight will be accurate on. Hard for me to say, there are pros/cons to each. Might be an idea to have a look at the past 10, 20, 30 years have looked like for 1 bed/2 bed properties in coastal areas and see how they've performed. Might give you an indication on what the future might hold.
In case you didn’t get your answer, no one knows what’s going to happen. “How long is a piece of string?” is the response you’re going to get from everyone. Aside from not being able to provide financial advice, they simply have a slightly better educated decision than you. SOO many investors get it so wrong. Depending on your personal circumstances, purchase something most desirable for both Airbnb and (if necessary) long term rental. That’s just my piece (Not financial advice) 😉
You would think coastal views
Hey guys enjoyed your video, I’m looking at buying my first investment property, I was thinking about an apartment in woolloongabba ahead of the Olympic Games and wanted to get your opinion on that?, thanks
Yeah check out our site we have a page on best suburbs brisbane
Thank you for the video. However, I don't actually think you answered the Q 'Why You'll Regret Buying a Unit in 2021' so WT! I just want to take my $ out of the bank and get the hell out of the penal colony and live in Spain, France or Honolulu. No kidding, priced out of the market. I dont want some crap unit in the western suburbs of Sydney or Brisbane. My mortgage broker told me to stick to the area in the Eastern Suburbs of Sydney I wanted. I asked him to do a google search and look at the increased prices of a 2 bedroom unit. Really unhelpful and clearly does know do his research. Mortgage brokers - objective sell a home loan but not give informative advice. Can anyone actually give informative advice? Do appreciate the fact you have taken the time to do your vids but thus far I am yet to find any helpful vids. I am just so overly stressed.
Thanks for watching House, sorry to hear. Please check out: th-cam.com/video/T23ewYjfpRA/w-d-xo.html. These are 20 tips that might help. Wishing you the best moving forward with the house hunt.
But I want a unit
Hopefully this video helped!
@@MortgageBrokerAustralia all your videos do.
How do I find someone that will go through the strata report?
Thansk Suzy, typically your solicitor/conveyancer can help you through this step!
@@MortgageBrokerAustralia is that before or after the deposit is paid?
update video on this?
What about a townhouse?
Thanks CJ, depends on the area. There can be decent capital growth with townhouse. I guess it can be more in between houses and units from a growth perspective
How is the housing situation differing state by state? I'm looking at buying a unit in Perth and videos like this absolutely terrify me!
If i wanted to live in perth id only relocate there to buy a home. Seriously think about the demand.
However if you particularly want to live in a unit and think you will get 5 years usage out of it then will rent it out because you need a house to start and family and never sell the unit it its worth it.
Thanks N.A. Great response!
I've found an apartment that is classified on the website as a house, not a villa or townhouse etc etc. I'm interested in it because it has great growth potential but I'm concerned about the strata. The place looks well maintained on the outside, but I do want to get solar/AC. (It's in an area that can get up to 40*C in the summer.)
This is the first unit I've seen that has 'house' on it so I'm wondering if that means I won't need strata approval for solar, or if I likely will.
Thanks Faelyke, it's a tough on and would be best to get your solicitor to look into the deals, such as checking if there is a sinking fund or body corp. fund, etc.
@@MortgageBrokerAustralia Thanks for the advice! Unfortunately, the place was gone in a week. Bummer but it happens.
Are you guys saying you service Australia wide?
Thanks Liz, we certainly do!
Regret?
Thanks for watching JC!
these 2 chicks mostly make sense!!
Thanks for watching!
owning a house will make you poor
Hi brobiv. Thank you for bringing up this perspective. While owning a house can indeed involve significant financial commitments, it's not necessarily a one-way road to financial struggle. There are a few important aspects to consider:
Asset Appreciation: Over the long term, real estate properties often increase in value. This is known as appreciation, and it could mean that your home is a valuable asset that grows over time, potentially offering financial security in the future.
Stable Monthly Payments: When you own a home with a fixed-rate mortgage, your payments remain the same over the life of the loan. This stability can be beneficial for budgeting and planning, unlike renting, where costs can increase unpredictably.
Building Equity: As you make payments on your mortgage, you build equity in your home. Equity is the portion of your property that you truly own, which can be leveraged for other financial needs or serve as a nest egg for the future.
Cost Control: Homeowners have more control over their living expenses. Yes, you might have to pay for repairs and maintenance, but you also have the power to invest in energy-efficient upgrades, choose when to undertake renovations, and more.
Financial Discipline: Paying a mortgage can encourage financial discipline by encouraging regular saving and responsible financial planning.
However, it's also essential to understand that homeownership isn't right for everyone. It does come with additional responsibilities and costs, like maintenance and repairs, insurance, and property taxes. These should be factored into the overall costs of homeownership.
For someone considering buying a home, we at Hunter Galloway would guide them through the process, making sure they understand all the implications and steps, to ensure the journey is stress-free and uncomplicated.
In conclusion, owning a home can be a significant financial commitment, but with proper management and planning, it can also lead to financial stability and growth. Let us know if you'd like to explore this further, and we'd be more than happy to help.
Just subscribed to your channel, lots of great helpful videos. This one scared me a little but it confirmed what I was thinking and had researched 😂 for me, I’m really wanting to move out, was even considering renting. I figured that if I can afford to buy an apartment (hopefully with the FHLDS), I may as well do this then pay to rent somewhere for a year. Not at the stage where I can afford to buy a house here in Sydney so as a first home an apartment will have to do
Glad it was helpful and welcome to the family!