experienced investors<\/a> who have maybe enjoyed some of the benefits of Sydney and Melbourne over the last couple of years or even someone who is dipping their toe in for the first time, potentially a city like Brisbane might offer them better opportunity for the next couple of years.<\/p>\nKevin:\u00a0<\/b> One of the other lessons you\u2019ve learned, as well, is there is no one market even in Brisbane. You can\u2019t just say that all Brisbane stock is good stock. There are some good areas and some bad ones.<\/p>\n
Bryce:\u00a0<\/b> I would agree. I would certainly prefer to stay closer in to moving further out, because if Brisbane starts to get a bit of sentiment to where people are moving there, you might get some good movement in the next 12 to 18 months, but long-term, although Brisbane is largely becoming a metropolis where more multinationals want to locate there, they\u2019re still lagging a little bit behind the job opportunities that you can get in Melbourne and Sydney. I would certainly want to stay closer into the CBD rather than getting caught up on being too far out.<\/p>\n
Kevin:\u00a0<\/b> Always good talking to you. Bryce Holdaway, thank you very much for your time, mate.<\/p>\n
Bryce:\u00a0<\/b> Pleasure, Kevin. Any time.<\/p>\n
<\/p>\n
Carolyn Boyd<\/h3>\n
Kevin<\/b>:\u00a0 Three or four weeks ago, you might recall on the show we had a talk to Samantha Powers who had a horror story when she went through a building contract. If you missed that, go back and have a listen. It\u2019s a two-part interview. We did that sometime in mid-May. Just have a look for that. You\u2019ll find it there.<\/p>\n
It prompted me to think about how you go about getting a good tradie, and Carolyn Boyd has been looking into this for me. Carolyn is from Domain.com.au.<\/p>\n
Hi, Carolyn. Nice to be talking again. How are you?<\/p>\n
Carolyn<\/b>:\u00a0 Hi. I\u2019m great. Thanks, Kevin.<\/p>\n
Kevin<\/b>:\u00a0 Good. Now, you have some statistics there about complaints with builders and building contracts.<\/p>\n
Carolyn<\/b>:\u00a0 Yes, quite interesting. These are from New South Wales, and they look from Fair Trading at the number of complaints they\u2019ve had come in through their doors and just what they\u2019re about.<\/p>\n
67% of building complaints are actually around the workmanship. It\u2019s not that people aren\u2019t finishing the job or there\u2019s some contractual dispute; it\u2019s that the job is getting done but not to the standard the home-owner or investor expects.<\/p>\n
Kevin<\/b>:\u00a0 A lot of the people I talk to have great frustration when a builder will start and then move on to another job and maybe slow down when they come back. That\u2019s a frustration for people.<\/p>\n
Carolyn<\/b>:\u00a0 It certainly is. I think that\u2019s probably the builder lining up that number of jobs to ensure they have some income coming in, but it\u2019s perhaps sometimes finding they have too much on their plate.<\/p>\n
Another conversation I\u2019ve just been having recently is around the nature of these bite-size jobs. You might get a tiler or a plumber to come in and do a job, and because they\u2019re going to be at your house just that one and only time, there\u2019s not that feeling of that relationship that you need to do a really great job and look at all those tiny things that make a difference that we as home-owners notice, but potentially they\u2019re sometimes in a rush to get on to the next job.<\/p>\n
Kevin<\/b>:\u00a0 It is a reality. We get tradies in from time to time, and we also sometimes have to go through building contracts. What are your suggestions about finding good tradies?<\/p>\n
Carolyn<\/b>:\u00a0 The first thing is to try to find some who you can use again and again, so you do build that relationship. It is a bit hard. Isn\u2019t it? Sometimes you can luck it. You can look through the local paper or the Yellow Pages and find them. But I would always start by asking your family and friends who they\u2019ve used before and to get recommendations if those people are any good, and maybe get them out to do a small job as a starter.<\/p>\n
You can ask tradespeople or, in fact, your suppliers. If you\u2019re off to a tile shop or somewhere like that, they might recommend to you some of their trusted tradies who they know do a good job, and certainly, I\u2019ve found that to be a good way to find them. If that\u2019s not working, you might then go to the local newspaper or the Yellow Pages.<\/p>\n
One thing that sometimes we forget to do is check that our tradespeople are actually licensed, particularly when you\u2019ve just pulled them out of the phone book. You can usually easily do by searching online in your state or territory to find whether they actually do have a building license.<\/p>\n
Kevin<\/b>:\u00a0 As well as licensing, it\u2019s also important to ask about insurance, as well.<\/p>\n
Carolyn<\/b>:\u00a0 Yes, it is. I guess we assume people do have that, but that\u2019s right. There\u2019s no harm in asking, \u201cPlease show me,\u201d and if this person is unable to show you evidence of that, then probably move on to the next one, I would suggest.<\/p>\n
Kevin<\/b>:\u00a0 Yes, indeed. I know in well-run property management departments, they keep a file on all the tradies they use to make sure that their insurance covers are up to date because it can actually cost you quite a bit of money if you don\u2019t really tick that little box off.<\/p>\n
Carolyn<\/b>:\u00a0 Absolutely. I think also you probably need to beware if you\u2019re going to be selling your home within the next few years that it could come back on you as well \u2013 not only that it could cost you some money, but then if you\u2019re selling that property and there are some issues, it\u2019s worth thinking it could be a bigger ramification than you have in mind.<\/p>\n
Kevin<\/b>:\u00a0 If you are looking at getting some work done around the house, another tip for you is to make sure that you get everything approved. Quite often, it\u2019s okay if you don\u2019t intend to sell. Well, it\u2019s not really okay, but it can be okay until it comes time to sell, then it can come back to bite you big time.<\/p>\n
Carolyn<\/b>:\u00a0 It can, and the thing is, too, it\u2019s sometimes surprising things that you don\u2019t realize need approval. One great example of that, believe it or not, is even something as simple as a backyard cubby or a backyard shed.<\/p>\n
There are a couple of great stories that I\u2019ve heard \u2013 not great for the person involved \u2013 where a family knocked down a shed, rebuilt in exactly the same location and the same size, but, of course, the planning laws had changed. The local council wasn\u2019t happy and took them to court because they had erected this new structure and it was actually too close to the fence, even though the existing one had been okay because it had been there for a little while.<\/p>\n
Exactly the same problem with building a backyard cubby: dad goes out on the weekend, builds a cubby with the kids, the neighbors complain, and they end up in their local council applying for a DA.<\/p>\n
Kevin<\/b>:\u00a0 The bottom line: always do your homework and always check to make sure that everything is covered.<\/p>\n
Carolyn<\/b>:\u00a0 Yes, absolutely. Even the smallest things, it probably doesn\u2019t hurt to think, \u201cOops, do I need to get approval for this one?\u201d<\/p>\n
Kevin<\/b>:\u00a0 Yes, exactly.<\/p>\n
Carolyn Boyd is a property journalist and keen follower of the Australian housing market. You can tell she has a great source of knowledge, and she also writes for Domain.com.au.<\/p>\n
Carolyn, always great talking to you. Thank you very much for your time.<\/p>\n
Carolyn<\/b>:\u00a0 My pleasure, Kevin.<\/p>\n
<\/p>\n
Margaret Lomas<\/h3>\n
Kevin<\/b>:\u00a0 A few weeks ago, I was talking to Margaret Lomas from Destiny Financial Solutions and suggested then that it might be good for us to get together again and have a talk about some of the suburbs around Australia where Margaret is seeing good growth or good potential \u2013 or what I tend to call, Margaret, suburbs that are coming to life.<\/p>\n
How are you?<\/p>\n
Margaret<\/b>:\u00a0 I\u2019m good. Thank you.<\/p>\n
Kevin<\/b>:\u00a0 Good, and, of course, your show on Sky TV, Property Success with Margaret Lomas, <\/i>going very well.<\/p>\n
Margaret<\/b>:\u00a0 Yes, absolutely. We\u2019ve started the new season, and it\u2019s always great to be in a new season. It\u2019s Seven years now, so I think the viewing public are quite enjoying it.<\/p>\n
Kevin<\/b>:\u00a0 Yes, it\u2019s great, and I\u2019m always delighted to be a part of it, too. Margaret, thanks for involving us in it, too.<\/p>\n
Which suburbs are you seeing coming to life around Australia?<\/p>\n
Margaret<\/b>:\u00a0 Look, let\u2019s start down in Melbourne because I know people are a little bit concerned about Melbourne at the moment because of the oversupply of apartments in the city, and they\u2019ve got every good reason to be concerned about that. There is an estimated 85,000 apartments that are going to come online within the next seven years, and that\u2019s just in the CBD alone, so you can imagine what that\u2019s going to do to that market.<\/p>\n
It\u2019s going to flood it with properties, but it\u2019s also going to flood it with rentals. So even if you manage to maintain the value in the properties you\u2019re buying, you\u2019re not going to see a very good rental yield because there are just going to be too many of them on the market and available.<\/p>\n
I like a couple of the suburbs that are out in the southeast, and the reason I like those properties is because there are a couple of areas there where we\u2019ve really seen a bit of a demographic shift in the number and size of families that are living out there, and we\u2019re also seeing the local councils responding to that shift in demographics with a whole lot of infrastructure, including things like those big shopping centers, the big home buyer centers, plenty of facility and amenities.<\/p>\n
The places I\u2019m liking at the moment include Cranbourne \u2013 that\u2019s Cranbourne North, Cranbourne West, and Cranbourne itself. But I also like Carrum Downs, which I think is one that\u2019s stuck in there behind Seaford, just down from Patterson Lakes, and it\u2019s a lot cheaper than those two areas, yet still close enough to some of those main arterial roads that lead back into the city.<\/p>\n
Kevin<\/b>:\u00a0 Excellent. I hadn\u2019t heard of that one before.<\/p>\n
Margaret<\/b>:\u00a0 I know. I\u2019ve always got properties or areas that you haven\u2019t heard of.<\/p>\n
Kevin<\/b>:\u00a0 I know you do. You\u2019re a surprise packet. Where to next?<\/p>\n
Margaret<\/b>:\u00a0 Okay, next is up in your stomping ground. Now, I\u2019ve been liking, of course, Deception Bay for quite some time, but I think what\u2019s happening up in Deception Bay is it\u2019s running just that little bit hot because a lot of people are looking there.<\/p>\n
So I\u2019m moving out toward Rothwell \u2013 which is a little south of Deception Bay, and that\u2019s not quite as overheated as Deception Bay at the moment \u2013 but also down into Mango Hill. Mango Hill is right there on the main road, the Bruce Highway leading right back into the city.<\/p>\n
You can still get into the mid $300,000s there with good rental yields of around about 6%, and because of its proximity back on to that freeway, I think what we\u2019re going to see is an issue like we have here on the Central Coast where we have Kariong, and it\u2019s a suburb that always does really well because its situated right there on the main freeway back down into the city, so I\u2019m really liking that.<\/p>\n
To a lesser extent, Kippa-Ring \u2013 up around that area is another area that I think is going to be one that people really should watch.<\/p>\n
Kevin<\/b>:\u00a0 Yes, that Redcliffe Peninsula is a real surprise. There are some great properties up there, and the lifestyle is so good, too, Margaret.<\/p>\n
Margaret<\/b>:\u00a0 Not a surprise to me because I always knew that Redcliffe, years and years ago, would do really well. All you had to do was go there and see what kind of a lifestyle you could have and know that it\u2019s only about a 17-minute drive back to the airport to know that it was going to do well.<\/p>\n
But often when something is right before you know, it\u2019s difficult to see the opportunity \u2013 and that includes areas like Cranbourne and the places I mentioned down and around Melbourne. The locals always look at those areas with disfavor and don\u2019t think they\u2019re going to do very well. But if you\u2019re coming from outside of the area, you don\u2019t have that same prejudice with you, so it\u2019s much easier to see all the positives rather than the negatives.<\/p>\n
Kevin<\/b>:\u00a0 Excellent. There\u2019s a snapshot for you on a few properties for you to have a look at from the expert Margaret Lomas at Destiney Financial Solutions.<\/p>\n
Margaret, thanks again for your time.<\/p>\n
Margaret<\/b>:\u00a0 Thank you.<\/p>\n
<\/p>\n
Peter Spann<\/h3>\n
Kevin:\u00a0 <\/b>It\u2019s my pleasure now to be talking to property investment and business coach based in Sydney Peter Spann. You can see him at his website \u2013 lots of great information there, too, about what Peter does and how he can help you if you\u2019re looking at getting into property \u2013 PeterSpann.com.<\/p>\n
Peter, welcome to the show. Thanks for your time. I\u2019m keen to talk to you about properties with a twist, how you find them, and what it is you look for.<\/p>\n
Peter:\u00a0 <\/b>What I\u2019m looking for in a property is its potential growth. I\u2019m always looking for something that I can value-add to, either by renovating, renewing, rezoning, finding another application for it, expanding it, or collapsing it.<\/p>\n
My key thing that I\u2019m looking for is something that I can add value for and therefore accelerate its growth. But the second underlying thing that I\u2019m always looking for is growth over the long-term. I\u2019m prepared to sacrifice yield for growth. I\u2019m not a cash-flow investor; I\u2019m very specifically looking for value-adding and growth.<\/p>\n
Kevin:\u00a0 <\/b>What do you believe about buy-and-hold? Or are you into flipping property?<\/p>\n
Peter:\u00a0 <\/b>I\u2019m not generally a flipper. I will flip if I can see a profit \u2013 and a profit that is likely to outweigh holding it for an extended period of time \u2013 or in a market like we find ourselves at the moment, where you can buy a property, add some value to it, and come back six months later, and it\u2019s literally grown 30% to 40%.<\/p>\n
I can sometimes sit there and wonder, \u201cWow, is that likely to continue?\u201d My answer is probably not. Therefore, if it\u2019s likely to go flat for four or five years, why not take advantage of the massive and rapid growth? But generally I hold for the long term.<\/p>\n
Kevin:\u00a0 <\/b>Talking about profit, what do you think are the keys to profiting from property right now?<\/p>\n
Peter:\u00a0 <\/b>That\u2019s a very difficult question, and if somebody could come up with a definitive answer to that, I\u2019d love to hear it.<\/p>\n
Kevin:\u00a0 <\/b>I thought it was worth asking anyway, Peter.<\/p>\n
Peter:\u00a0 <\/b>Realistically, I think you can\u2019t be afraid in a fast-moving market like this, because nobody can tell us how long it\u2019s going to last. I remember in the 1990s, everybody was saying, \u201cIt\u2019s going to collapse, it\u2019s going to collapse, it\u2019s going to collapse,\u201d and I was still investing, still investing, still investing, and then it went on for 15 years. If I had gotten scared after three or four years, I would have missed out on a whole decade of exciting growth.<\/p>\n
You can\u2019t get scared, but you can\u2019t get carried away either. Even if you\u2019re going to auctions, and you\u2019re missing out, that\u2019s not the worst thing on the planet. You have to stick to your guns, you have to stick to your valuations, and eventually things will come up that you can buy.<\/p>\n
Kevin:\u00a0 <\/b>Peter, what\u2019s the best deal you\u2019ve ever done?<\/p>\n
Peter:\u00a0 <\/b>I think the best deal I\u2019ve ever done was a property that was actually passed at auction. It was rainy Sunday afternoon, terrible rain in Sydney. I\u2019d just been to an apartment that had sold for $2.2 million, and this was a three-bedroom house. I actually literally went along to the auction to see what would happen to this house.<\/p>\n
Nobody turned up at the auction. It was passed, <\/b>and I went to the agent, and I said, \u201cWhat\u2019s it worth?\u201d He said, \u201cI don\u2019t know what it\u2019s worth, but I can tell you what I\u2019ll sell for. If you put a bid in over $2 million, we\u2019ll sell it to you.\u201d<\/p>\n
I said, \u201c$2 million and one dollar,\u201d and he said, \u201cSold!\u201d I had it revalued by the bank two weeks later. The bank valuation was $3.5 million. I sold it ten years later for $7.2 million. I think that\u2019s probably the best deal I\u2019ve ever done.<\/p>\n
Kevin:\u00a0 <\/b>I would think so. On the flip of the coin, what\u2019s the deal that probably taught you most about what not to do?<\/p>\n
Peter:\u00a0 <\/b>It probably wasn\u2019t a deal; it was more the fact that we were doing a development, and I didn\u2019t check all of the zonings and requirements of the council. It turns out we actually built the roof two metres over the maximum height requirement. The council sued us and forced us to actually take the roofs off the property and rebuild them, and that cost me hundreds of thousands of dollars. That was just a very good lesson in checking the zoning, checking all the council requirements, and making sure you have town planners and whatnot onside.<\/p>\n
Kevin:\u00a0 <\/b>Pete, I\u2019m going to ask you a question about auction, because in this market in auctions, particularly in Sydney, it\u2019s going through the roof. In this market, would you buy a property at auction?<\/p>\n
Peter:\u00a0 <\/b>I have been. I haven\u2019t been buying a lot, I must admit. If you go back five years, you could go to an auction and probably one in five that I would be going to I might be a genuine contender to buy. Now it\u2019s probably something more like one in 25, one in 30. I am going to auctions that are just astounding me with some of the prices that they are getting.<\/p>\n
But I am buying. I\u2019m buying less than I have in the past, but as I said, I\u2019m not getting carried away. Sometimes on the night, people just don\u2019t get excited, or for whatever reason they don\u2019t see the value that I see in a property. I\u2019m not saying you can pick up a bargain, but you can pick up a property that I believe is reasonably priced, given the market.<\/p>\n
Kevin:\u00a0 <\/b>Yes, provided you know your values before you go in and don\u2019t get carried away.<\/p>\n
Peter:\u00a0 <\/b>Absolutely.<\/p>\n
Kevin:\u00a0 <\/b>Peter, we\u2019re out of time. Thank you so much for spending some time with us today. It\u2019s been very, very helpful. We\u2019d love to have you back in the show at some time in the future again.<\/p>\n
Peter:\u00a0 <\/b>Absolutely.<\/p>\n
Kevin:\u00a0 <\/b>Peter Spann has been my guest. The website is PeterSpann.com. Check it out for yourself.<\/p>\n
<\/p>\n
Wendy MacDonald<\/h3>\n
Kevin:\u00a0 <\/b>Wendy MacDonald calls herself a developer grandmother. She lives on the Sunshine Coast in Queensland, works full-time, and completes development projects part-time. She got experience by working for a land developer full-time for five years as a project manager and completing different projects with joint venture partners and investors.<\/p>\n
When she came to Australia from New Zealand in 2005, she decided she wanted to become a property developer. In 2007, she bought a property in Mitchelton, which is eight kilometres northwest of Brisbane CBD, and converted the existing house from an eight-room boarding house to a ten-room student accommodation complex. Now, she is currently obtaining a development approval on that site for a 20-unit five-story building.<\/p>\n
She joins me today. Hi, Wendy. How are you?<\/p>\n
Wendy:\u00a0 <\/b>Well, thank you.<\/p>\n
Kevin:\u00a0 <\/b>Good. Tell me, Mitchelton: why did you choose that area?<\/p>\n
Wendy:\u00a0 <\/b>At the time I purchased Mitchelton, I\u2019d just been through a divorce and I could have bought a nice freehold apartment, which wouldn\u2019t have made me much money, or I could\u2019ve bought a development site, which I felt would potentially make me lots of money.<\/p>\n
Kevin:\u00a0 <\/b>So that\u2019s pretty much what attracted you to the area? You saw the development potential in it?<\/p>\n
Wendy:\u00a0 <\/b>Yes. I suppose it also met my budget. At the time the Brisbane City Council had announced that there was going to be a number of major regional activity <\/b>centers in Brisbane, and Mitchelton was one of those. I thought there would be a high likelihood that the site could get rezoned to higher density, and that\u2019s exactly what\u2019s happened.<\/p>\n
Kevin:\u00a0 <\/b>We\u2019ll talk about prices in just a moment, because I\u2019d love to dig a little bit deeper there. In the brief that you gave me, you talk there about strategic sites. Could you tell me what a strategic site is and how you find them?<\/p>\n
Wendy:\u00a0 <\/b>A strategic site to me is any site that\u2019s going to increase in price <\/b>\u2013 because it has development potential or it may be because of its location. I personally don\u2019t buy any property unless it fits into my overall plan and how it\u2019s going to help me achieve my overall goals.<\/p>\n
In terms of how you can find them, I suppose the Internet is one way, but in a really hot market, often properties are actually sold before they\u2019re even listed, so being on real estate agents\u2019 databases before they actually market it is one of the ways of being able to connect with real estate agents. The thing is if you have a really good relationship with a real estate agent, they may call you before they actually list it anyway.<\/p>\n
Kevin:\u00a0 <\/b>You obviously had a good relationship with an agent who helped you find this one. Do you find that some agents are really attuned to what developers want and some aren\u2019t?<\/p>\n
Wendy:\u00a0 <\/b>Yes, most definitely, and I think one of the ways to connect in with those agents is really by referrals.<\/p>\n
Kevin:\u00a0 <\/b>Tell me about this particular site in Mitchelton. When you found it, how sure were you that you would be able to redevelop it? In other words, you went in and did your due diligence, but was there any risk attached to that?<\/p>\n
Wendy:\u00a0 <\/b>I think there\u2019s always risk with any type of development, because it\u2019s not until you literally put the bulldozer on the ground that you know what\u2019s underneath the site. Sometimes there can be problems with services, and particularly in the Brisbane City Council with the storm water. If those pipes are not actually in your site, you may need to get your neighbor\u2019s approval to be able to develop a site, and if a neighbor for any reason decides to withhold that approval, you may not be able to develop it.<\/p>\n
Kevin:\u00a0 <\/b>I said in the introduction that you initially converted it to an eight-room boarding house, and now you\u2019ve gone along and got a DA for that. Tell me \u2013 because I hear some horror stories about boarding houses because of the types of tenants you get in there \u2013 are you managing that yourself?<\/p>\n
Wendy:\u00a0 <\/b>Yes, I do.<\/p>\n
Kevin:\u00a0 <\/b>And that\u2019s not a problem for you at all?<\/p>\n
Wendy:\u00a0 <\/b>Well, when I first moved from New Zealand, one of the things I did to educate myself was to get my full papers to get my real estate licence. So I have a sound understanding of all the council and government regulations around student accommodation or boarding houses. I think it\u2019s vitally <\/b>critical to keep on top of it.<\/p>\n
The first thing is that you need to have a fully compliant fire safety management plan. I have house rules. All my tenants are on REIT leases, <\/b>all my tenants pay bonds, and I absolutely keep on top of the situation.<\/p>\n
Kevin:\u00a0 <\/b>Well done; that\u2019s good. I want to dig a little bit deeper into prices now. Tell me what you initially paid for the site, what it cost you to convert it, and what you think will be your end result now that you look like <\/b>getting a DA approval.<\/p>\n
Wendy:\u00a0 <\/b>I paid $700,000 in 2007, and I suppose I expect to double my money at least.<\/p>\n
Kevin:\u00a0 <\/b>That\u2019s double to $1.5 million or thereabouts. Are you going to sell it with the DA, or will you develop it yourself?<\/p>\n
Wendy:\u00a0 <\/b>At this stage, I\u2019ll probably sell it with the DA, but I\u2019ll certainly review that situation when I get that. When a site is sold, it\u2019s always sold on yield. The end price depends on the number of units. That\u2019s why it\u2019s so important to be able to get a really effective design on the site so that you can get the most number of units. But you also need to be able to design something that\u2019s going to be easy to build for any builder or developer who comes along.<\/p>\n
Kevin:\u00a0 <\/b>It\u2019s a five-story building \u2013 20 units, as I understand it. What stage are you at now with the DA approval?<\/p>\n
Wendy:\u00a0 <\/b>I\u2019ve spent quite a number of months finalizing the design, and the key for me has actually been getting the rubbish off-site, interestingly. Until I\u2019ve been able to solve the issue of having a rubbish truck come onto the site, turn around, and be able to leave in a forward motion, I haven\u2019t known how much space it would take up.<\/p>\n
I had to know how much space the rubbish truck would take up to work out how much space I have left for parking, and once I know how much for parking, I know how many car parks I can have. Once I know how many car parks, I can know how many units I can have, and then I can work out what the final price is, or the potential selling price.<\/p>\n
Kevin:\u00a0 <\/b>We\u2019re looking at 20 units. It\u2019s a site valuation, so you\u2019re looking at probably $70,000 per unit site. Is that the going figure now?<\/p>\n
Wendy:\u00a0 <\/b>I would say $70,000 to $80,000, and I think that\u2019s going to depend on the market at the time, what else is available in the market, and what else is being built in the area.<\/p>\n
Kevin:\u00a0 <\/b>Just before I let you go, Wendy, it\u2019s a great story, and I really would appreciate you telling anyone who is listening to this who probably wants to go in a similar situation like you and get into some kind of development, what are your major tips to help them get along that path?<\/p>\n
Wendy:\u00a0 <\/b>I think if anybody wants to get involved in development, really, they need to first of all decide to take control of their financial destiny and set some goals, and they should be written goals. I think they then need to develop a plan of action or a strategy for how they\u2019re going to get there, and they need to create a team, because development is very much a team sport. By the team, I mean tradies, consultants, professionals such as lawyers and accountants, and people like myself who offer coaching and mentoring services to help people.<\/p>\n
Kevin:\u00a0 <\/b>How can anyone who wants to get in touch with you do that?<\/p>\n
Wendy:\u00a0 <\/b>I have a site called PropertySuperstars.com.au. On my site, I\u2019ve actually set up a blog so people can watch my development journey, and I\u2019m very happy to share my learnings and my tips along the way.<\/p>\n
Kevin:\u00a0 <\/b>Of course, we contacted Wendy through a great association we have with Matt Jones, who runs a meet-up group, as well.<\/p>\n
Wendy:\u00a0 <\/b>Yes, that\u2019s right. I think the meet-up groups are invaluable for meeting others who are either potential investors, or they could be clients, or in my case, some of the people I\u2019ve met at the meet-up group have become friends.<\/p>\n
Kevin:\u00a0 <\/b>Wonderful stuff. Have a look for it. Just Google Matt Jones, and you\u2019ll find it. If you want contact Wendy directly, you can do that through her website, PropertySuperstars.com.au.<\/p>\n
Great talking to you, Wendy. All the best with your future, and thank you so much for your time.<\/p>\n
Wendy:\u00a0 <\/b>Thank you so much to you, Kevin.<\/p>\n","protected":false},"excerpt":{"rendered":"
Margaret Lomas takes a look at the suburbs around Australia that are \u2018coming to life\u2019 in terms of future growth. She says don\u2019t overlook Melbourne just because there is a lot of talk about oversupply. She tells us why. Property investment & business coach…<\/p>\n","protected":false},"author":176692473,"featured_media":4796,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[24],"tags":[101],"class_list":["post-25222","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-shows","tag-podcast"],"yoast_head":"\n
Emotions vs Property Market | Borderless Investors | Finding good Tradies | Suburbs that are coming to Life | Properties with a Twist - 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\/emotions-vs-property-market-borderless-investors-finding-good-tradies-suburbs-that-are-coming-to-life-properties-with-a-twist-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Emotions vs Property Market | Borderless Investors | Finding good Tradies | Suburbs that are coming to Life | Properties with a Twist - Realty Talk\" \/>\n<meta property=\"og:description\" content=\" Margaret Lomas takes a look at the suburbs around Australia that are \u2018coming to life\u2019 in terms of future growth. She says don\u2019t overlook Melbourne just because there is a lot of talk about oversupply. She tells us why. Property investment & business coach...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/channels.realty.com.au\/realtytalk\/emotions-vs-property-market-borderless-investors-finding-good-tradies-suburbs-that-are-coming-to-life-properties-with-a-twist-2\/\" \/>\n<meta property=\"og:site_name\" content=\"Realty Talk\" \/>\n<meta property=\"article:published_time\" content=\"2015-06-19T02:00:02+00:00\" \/>\n<meta name=\"author\" content=\"Kevin Turner\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Kevin Turner\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"36 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/emotions-vs-property-market-borderless-investors-finding-good-tradies-suburbs-that-are-coming-to-life-properties-with-a-twist-2\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/emotions-vs-property-market-borderless-investors-finding-good-tradies-suburbs-that-are-coming-to-life-properties-with-a-twist-2\\\/\"},\"author\":{\"name\":\"Kevin Turner\",\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/#\\\/schema\\\/person\\\/ae5a3b5e891767bd82ad3a068c514329\"},\"headline\":\"Emotions vs Property Market | Borderless Investors | Finding good Tradies | Suburbs that are coming to Life | Properties with a Twist\",\"datePublished\":\"2015-06-19T02:00:02+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/emotions-vs-property-market-borderless-investors-finding-good-tradies-suburbs-that-are-coming-to-life-properties-with-a-twist-2\\\/\"},\"wordCount\":7122,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/emotions-vs-property-market-borderless-investors-finding-good-tradies-suburbs-that-are-coming-to-life-properties-with-a-twist-2\\\/#primaryimage\"},\"thumbnailUrl\":\"\",\"keywords\":[\"podcast\"],\"articleSection\":[\"Shows\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/emotions-vs-property-market-borderless-investors-finding-good-tradies-suburbs-that-are-coming-to-life-properties-with-a-twist-2\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/emotions-vs-property-market-borderless-investors-finding-good-tradies-suburbs-that-are-coming-to-life-properties-with-a-twist-2\\\/\",\"url\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/emotions-vs-property-market-borderless-investors-finding-good-tradies-suburbs-that-are-coming-to-life-properties-with-a-twist-2\\\/\",\"name\":\"Emotions vs Property Market | Borderless Investors | Finding good Tradies | Suburbs that are coming to Life | Properties with a Twist - Realty Talk\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/emotions-vs-property-market-borderless-investors-finding-good-tradies-suburbs-that-are-coming-to-life-properties-with-a-twist-2\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/emotions-vs-property-market-borderless-investors-finding-good-tradies-suburbs-that-are-coming-to-life-properties-with-a-twist-2\\\/#primaryimage\"},\"thumbnailUrl\":\"\",\"datePublished\":\"2015-06-19T02:00:02+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/#\\\/schema\\\/person\\\/ae5a3b5e891767bd82ad3a068c514329\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/emotions-vs-property-market-borderless-investors-finding-good-tradies-suburbs-that-are-coming-to-life-properties-with-a-twist-2\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/emotions-vs-property-market-borderless-investors-finding-good-tradies-suburbs-that-are-coming-to-life-properties-with-a-twist-2\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/emotions-vs-property-market-borderless-investors-finding-good-tradies-suburbs-that-are-coming-to-life-properties-with-a-twist-2\\\/#primaryimage\",\"url\":\"\",\"contentUrl\":\"\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/emotions-vs-property-market-borderless-investors-finding-good-tradies-suburbs-that-are-coming-to-life-properties-with-a-twist-2\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Emotions vs Property Market | Borderless Investors | Finding good Tradies | Suburbs that are coming to Life | Properties with a Twist\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/#website\",\"url\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/\",\"name\":\"Realty Talk\",\"description\":\"Your Trusted Voice For Property Investing. Anywhere, Anytime.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/#\\\/schema\\\/person\\\/ae5a3b5e891767bd82ad3a068c514329\",\"name\":\"Kevin Turner\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/d2d83fe833d0cb22c11728d9aa25f73b319e658b72509553eff8680404d8bfa7?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/d2d83fe833d0cb22c11728d9aa25f73b319e658b72509553eff8680404d8bfa7?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/d2d83fe833d0cb22c11728d9aa25f73b319e658b72509553eff8680404d8bfa7?s=96&d=mm&r=g\",\"caption\":\"Kevin Turner\"},\"url\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/author\\\/kevin-turner\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Emotions vs Property Market | Borderless Investors | Finding good Tradies | Suburbs that are coming to Life | Properties with a Twist - Realty Talk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/channels.realty.com.au\/realtytalk\/emotions-vs-property-market-borderless-investors-finding-good-tradies-suburbs-that-are-coming-to-life-properties-with-a-twist-2\/","og_locale":"en_US","og_type":"article","og_title":"Emotions vs Property Market | Borderless Investors | Finding good Tradies | Suburbs that are coming to Life | Properties with a Twist - Realty Talk","og_description":" Margaret Lomas takes a look at the suburbs around Australia that are \u2018coming to life\u2019 in terms of future growth. She says don\u2019t overlook Melbourne just because there is a lot of talk about oversupply. She tells us why. Property investment & business coach...","og_url":"https:\/\/channels.realty.com.au\/realtytalk\/emotions-vs-property-market-borderless-investors-finding-good-tradies-suburbs-that-are-coming-to-life-properties-with-a-twist-2\/","og_site_name":"Realty Talk","article_published_time":"2015-06-19T02:00:02+00:00","author":"Kevin Turner","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Kevin Turner","Est. reading time":"36 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/channels.realty.com.au\/realtytalk\/emotions-vs-property-market-borderless-investors-finding-good-tradies-suburbs-that-are-coming-to-life-properties-with-a-twist-2\/#article","isPartOf":{"@id":"https:\/\/channels.realty.com.au\/realtytalk\/emotions-vs-property-market-borderless-investors-finding-good-tradies-suburbs-that-are-coming-to-life-properties-with-a-twist-2\/"},"author":{"name":"Kevin Turner","@id":"https:\/\/channels.realty.com.au\/realtytalk\/#\/schema\/person\/ae5a3b5e891767bd82ad3a068c514329"},"headline":"Emotions vs Property Market | Borderless Investors | Finding good Tradies | Suburbs that are coming to Life | Properties with a Twist","datePublished":"2015-06-19T02:00:02+00:00","mainEntityOfPage":{"@id":"https:\/\/channels.realty.com.au\/realtytalk\/emotions-vs-property-market-borderless-investors-finding-good-tradies-suburbs-that-are-coming-to-life-properties-with-a-twist-2\/"},"wordCount":7122,"commentCount":0,"image":{"@id":"https:\/\/channels.realty.com.au\/realtytalk\/emotions-vs-property-market-borderless-investors-finding-good-tradies-suburbs-that-are-coming-to-life-properties-with-a-twist-2\/#primaryimage"},"thumbnailUrl":"","keywords":["podcast"],"articleSection":["Shows"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/channels.realty.com.au\/realtytalk\/emotions-vs-property-market-borderless-investors-finding-good-tradies-suburbs-that-are-coming-to-life-properties-with-a-twist-2\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/channels.realty.com.au\/realtytalk\/emotions-vs-property-market-borderless-investors-finding-good-tradies-suburbs-that-are-coming-to-life-properties-with-a-twist-2\/","url":"https:\/\/channels.realty.com.au\/realtytalk\/emotions-vs-property-market-borderless-investors-finding-good-tradies-suburbs-that-are-coming-to-life-properties-with-a-twist-2\/","name":"Emotions vs Property Market | Borderless Investors | Finding good Tradies | Suburbs that are coming to Life | Properties with a Twist - Realty Talk","isPartOf":{"@id":"https:\/\/channels.realty.com.au\/realtytalk\/#website"},"primaryImageOfPage":{"@id":"https:\/\/channels.realty.com.au\/realtytalk\/emotions-vs-property-market-borderless-investors-finding-good-tradies-suburbs-that-are-coming-to-life-properties-with-a-twist-2\/#primaryimage"},"image":{"@id":"https:\/\/channels.realty.com.au\/realtytalk\/emotions-vs-property-market-borderless-investors-finding-good-tradies-suburbs-that-are-coming-to-life-properties-with-a-twist-2\/#primaryimage"},"thumbnailUrl":"","datePublished":"2015-06-19T02:00:02+00:00","author":{"@id":"https:\/\/channels.realty.com.au\/realtytalk\/#\/schema\/person\/ae5a3b5e891767bd82ad3a068c514329"},"breadcrumb":{"@id":"https:\/\/channels.realty.com.au\/realtytalk\/emotions-vs-property-market-borderless-investors-finding-good-tradies-suburbs-that-are-coming-to-life-properties-with-a-twist-2\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/channels.realty.com.au\/realtytalk\/emotions-vs-property-market-borderless-investors-finding-good-tradies-suburbs-that-are-coming-to-life-properties-with-a-twist-2\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/channels.realty.com.au\/realtytalk\/emotions-vs-property-market-borderless-investors-finding-good-tradies-suburbs-that-are-coming-to-life-properties-with-a-twist-2\/#primaryimage","url":"","contentUrl":""},{"@type":"BreadcrumbList","@id":"https:\/\/channels.realty.com.au\/realtytalk\/emotions-vs-property-market-borderless-investors-finding-good-tradies-suburbs-that-are-coming-to-life-properties-with-a-twist-2\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/channels.realty.com.au\/realtytalk\/"},{"@type":"ListItem","position":2,"name":"Emotions vs Property Market | Borderless Investors | Finding good Tradies | Suburbs that are coming to Life | Properties with a Twist"}]},{"@type":"WebSite","@id":"https:\/\/channels.realty.com.au\/realtytalk\/#website","url":"https:\/\/channels.realty.com.au\/realtytalk\/","name":"Realty Talk","description":"Your Trusted Voice For Property Investing. Anywhere, Anytime.","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/channels.realty.com.au\/realtytalk\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/channels.realty.com.au\/realtytalk\/#\/schema\/person\/ae5a3b5e891767bd82ad3a068c514329","name":"Kevin Turner","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/d2d83fe833d0cb22c11728d9aa25f73b319e658b72509553eff8680404d8bfa7?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/d2d83fe833d0cb22c11728d9aa25f73b319e658b72509553eff8680404d8bfa7?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/d2d83fe833d0cb22c11728d9aa25f73b319e658b72509553eff8680404d8bfa7?s=96&d=mm&r=g","caption":"Kevin Turner"},"url":"https:\/\/channels.realty.com.au\/realtytalk\/author\/kevin-turner\/"}]}},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/posts\/25222","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/users\/176692473"}],"replies":[{"embeddable":true,"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/comments?post=25222"}],"version-history":[{"count":0,"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/posts\/25222\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/media?parent=25222"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/categories?post=25222"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/tags?post=25222"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}