{"id":14413,"date":"2017-10-22T01:00:09","date_gmt":"2017-10-21T14:00:09","guid":{"rendered":"http:\/\/realestatetalk.com.au\/?p=14413"},"modified":"2017-10-22T01:00:09","modified_gmt":"2017-10-21T14:00:09","slug":"the-new-generation-of-investor-simon-pressley","status":"publish","type":"post","link":"https:\/\/channels.realty.com.au\/realtytalk\/the-new-generation-of-investor-simon-pressley\/","title":{"rendered":"The new generation of investor \u2013 Simon Pressley"},"content":{"rendered":"

Simon Pressley<\/strong> from Propertyology says the most successful young investors are more ambitious about financial independence than their parents were. And it\u2019s paying off for them.\u00a0 Find out how and what they are doing.
\nTranscript:<\/strong>
\nKevin:<\/strong>\u00a0 Simon Pressley from Propertyology says there are many more Gen Y investors entering the property market but they\u2019re doing it in different ways. Also, when speaking of Millennials, he believes the most successful young investors are more ambitious about financial independence than their parents are and it\u2019s paying off for them. Simon joins us to discuss the impact of Gen Y and Millennial property investors.
\nSimon, thanks for your time.
\nSimon:<\/strong>\u00a0 Always a pleasure, Kevin.
\nKevin:<\/strong>\u00a0 How are they doing it differently?
\nSimon:<\/strong>\u00a0 A lot of them are taking the rent-vestor trap.
\nKevin:<\/strong>\u00a0 Trap?
\nSimon:<\/strong>\u00a0 Not a trap at all; opportunity. I just think it\u2019s fantastic that at such a young age, they\u2019re taking their financial future more seriously than perhaps what they\u2019ve been given credit for as a generation. We hear a lot about the Gen Y who are spoiled and they just want it now and they pout their lip when they don\u2019t get it. And while that might be the case for some, it\u2019s certainly unfair to blanket them all like that.
\nWe\u2019ve really enjoyed, as a business, working with lots of Gen Y\u2019s who are, I would say, probably more financially savvy than, in some cases, their parents. They\u2019re more flexible to trying different things and perhaps as they\u2019ve entered the workforce, they\u2019ve reflected back on what mom and dad might have done, the decisions they might have made and where they\u2019ve ended up and gone \u201cYeah, but you\u2019re not going to be relying on a pension, and we want something better than that. We\u2019re going to need to do things differently to what you did.\u201d
\nKevin:<\/strong>\u00a0 Isn\u2019t that incredible? We\u2019ve quite often talked about the lessons you can learn from your parents and listening to the conversations around the table. I notice in the report that you\u2019ve released \u2013 which is available as a download, of course, on our site \u2013 you say that Millennials are less set in their ways and they\u2019re braver than previous generations, probably because they\u2019ve learned some great lessons from listening and watching their parents.
\nSimon:<\/strong>\u00a0 Yes, that\u2019s right. Sometimes we\u2019re sat down and spoken to or we read things in a book, and other times, we learn just be observing. Children learn from parents all the time, sometimes just from observing.
\nThe age pension statistic \u2013 I know we\u2019ve spoken on that before on this show, Kevin \u2013 it\u2019s alarming, and it\u2019s something that as a nation, we\u2019ve never addressed. But we have 3.7 million living Australians today who are aged 65 or more, and according to official federal government statistics, only 18% of those are financially independent.
\nThat\u2019s 45 years in the work force, but of course, we\u2019ve never taught financial literacy, we\u2019ve never encouraged households to invest. And I think a lot of Gen Ys, whilst they haven\u2019t been encouraged either, they\u2019ve had to figure out for themselves that we have to do something different to what mom and dad and their grandparents did.
\nKevin:<\/strong>\u00a0 There\u2019s probably another influence too, and that is technology. I do believe that this generation coming through is the one that\u2019s going to benefit from the most information. We\u2019ve never had this much information as what\u2019s available on the Internet \u2013 shows like ours and sites like yours that provide great schooling for young people about how to get into property, Simon.
\nSimon:<\/strong>\u00a0 I agree, and I think this is what has contributed significantly to the Gen Y really opening up their mind to alternative ways.
\nAnd they live differently to what their parents did. Airfares were very expensive for their parents, but they\u2019re much more affordable now, so they want to travel more. They\u2019re prepared to be more mobile for employment. While some might want to always live in their hometown, others are prepared to, for example, go to London and live and work for five years and then come home whilst they\u2019re doing that.
\nWe\u2019ve helped lots of expats invest. They earn their money abroad and they invest here, or they might live in an expensive city \u2013 Sydney, Melbourne, Perth, somewhere like that \u2013 want to get in the market but aren\u2019t ready in their life to really anchor themselves to the family home. They still want to have choice and be flexible but recognize the importance of getting in the property market.
\nThey might rent a really nice apartment that they probably couldn\u2019t afford to buy, so they\u2019re really happy from a lifestyle point of view, but their savings, they\u2019re saying \u201cWhy do I need to buy a property in the city that I live in?\u201d They have more a mindset of, say, a share investor, saying, \u201cAustralia is a big country. There are massive opportunities out here. Where is the best place to get my money working hard?\u201d And that\u2019s probably going to be somewhere other than the family home.
\nKevin:<\/strong>\u00a0 It\u2019s that rent-vesting attitude. The other thing too, my memory of growing up was that you had to have a house and your house was your security. You didn\u2019t really think past investing; it was just a matter of securing that house. But that\u2019s all changed, where kids nowadays, because of things like rent-vesting, don\u2019t look at it as a home to live in; they look at it as a property to invest in. There\u2019s a totally different mindset, Simon.
\nSimon:<\/strong>\u00a0 It\u2019s a completely different mindset. We see that in the style of dwellings, as well. Apartments were very rare in this country 20 or 30 years ago. The typical family home was a quarter-acre block with a Victa lawnmower and a Hills Hoist clothesline, but a lot of the Gen Y, even if they could afford that, are going \u201cI don\u2019t want to be mowing lawns on the weekend and maintaining the garden. I want to be closer to town. It\u2019s too expensive to buy a house close to town.\u201d It\u2019s just a completely different mindset.
\nKevin:<\/strong>\u00a0 Just inside the transcript on this interview, we have a download link for you to get a little bit more information, or you can just simply go to Propertyology.com.au, and you can reach them through our website, RealEstateTalk.com.au, as well.
\nAlways good talking to you, Simon Pressley. You always make so much sense. Keep those reports coming, mate. They\u2019re fascinating reading. I love them. Thank you.
\nSimon:<\/strong>\u00a0 Thank you, Kevin. Have a great day.<\/p>\n","protected":false},"excerpt":{"rendered":"

Simon Pressley from Propertyology says the most successful young investors are more ambitious about financial independence than their parents were. And it\u2019s paying off for them.\u00a0 Find out how and what they are doing. Transcript: Kevin:\u00a0 Simon Pressley from Propertyology says there are many more…<\/p>\n","protected":false},"author":176692471,"featured_media":14414,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[32,10,11,13,36,23,25],"tags":[101],"class_list":["post-14413","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-buying-a-property-topic","category-kevin-turner-sponsored-channels","category-kevin-update","category-latest-story","category-property-investment-topic","category-selling-a-property-topic","category-sponsored-channels","tag-podcast"],"yoast_head":"\nThe new generation of investor \u2013 Simon Pressley - Realty Talk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/channels.realty.com.au\/realtytalk\/the-new-generation-of-investor-simon-pressley\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The new generation of investor \u2013 Simon Pressley - Realty Talk\" \/>\n<meta property=\"og:description\" content=\"Simon Pressley from Propertyology says the most successful young investors are more ambitious about financial independence than their parents were. 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