{"id":5439,"date":"2015-08-19T01:00:38","date_gmt":"2015-08-18T15:00:38","guid":{"rendered":"http:\/\/realestatetalk.com.au\/?p=5439"},"modified":"2015-08-19T01:00:38","modified_gmt":"2015-08-18T15:00:38","slug":"is-there-a-bubble-in-australian-property","status":"publish","type":"post","link":"https:\/\/channels.realty.com.au\/realtytalk\/is-there-a-bubble-in-australian-property\/","title":{"rendered":"Is there a bubble in Australian property? – Simon Cohen"},"content":{"rendered":"

 
\nIn today’s show together with Simon Cohen<\/strong>, from Cohen Handler Buyer\u2019s Agents, we\u00a0look at the trend leading buyers to invest outside of the city limits due mainly to the emergence of major transport systems and roads. We also look at why so many investors struggle to get past one investment property.
\n <\/p>\n

Transcript:<\/h4>\n

Kevin<\/b>:\u00a0 A few weeks ago, I had the pleasure of talking to Simon Cohen from Cohen Handler Buyer\u2019s Agents out of Sydney. Simon Cohen returns once again.
\nSimon, I want to talk to you about a couple of other things this time \u2013 one, about whether or not you see a bubble. Is there a bubble in Australian property?
\nSimon<\/b>:\u00a0 I don\u2019t know if \u201cbubble\u201d is the right word. I think definitely the market is exceptionally hot, and it\u2019s a great time for people to buy with historically low interest rates. I do think prices have changed, not for a certain period of time, but I think they\u2019ve changed for good. What may have been $650,000 is now $750,000, and we have certainly seen that median house price move to around $1 million, which is the highest it\u2019s ever been.
\nI\u2019m not sure there is a bubble. It\u2019s certainly a hot market, it\u2019s a heated market, and there are definitely more buyers than stock. Will it burst? I\u2019m personally not that confident it will.
\nKevin<\/b>:\u00a0 I don\u2019t think you can say that the entire Australian market is one market. If you look at Sydney, it could be argued that maybe that\u2019s slightly over-inflated at this point in time and there might be a correction coming. But if you look at other markets around Australia \u2013 like Brisbane \u2013 Queensland continues to perform at a steady level. I think it would be hard to argue that there is a bubble.
\nSimon<\/b>:\u00a0 Agreed. Really, it depends who you ask, right? Some people think Brisbane is always a little bit behind and will catch up. Some people think it\u2019s had an over-supply of property and won\u2019t. But I absolutely agree with you. Every market is different and most people only talk about Sydney and Melbourne, which are the two hottest markets out there.
\nKevin<\/b>:\u00a0 Another thing I wanted to talk to you about \u2013 because I know you\u2019re in touch with a lot of investors \u2013 is why most property investors only ever get to one investment property and then find it difficult to get past that.
\nSimon<\/b>:\u00a0 I think most people save and save and save for their deposit, buy that investment property, and then really don\u2019t know what to do with it. To me, it\u2019s a huge enigma. The beautiful thing about property is you can buy it and after three months, you can have it revalued, and if you buy well, you don\u2019t need any more cash. You use the equity in the first property to keep growing your portfolio. We see heaps of our clientele, year on year, continue to do that.
\nI think most people maybe don\u2019t have the right advice, or they don\u2019t know how to structure it, or they think just having one is enough. But the point of having the first one, which is the hardest one, is that you can get many more down the track.
\nKevin<\/b>:\u00a0 I\u2019ve spoken to a lot of commentators in this show, and it seems apparent to me that the reason a lot of people stop is because they probably don\u2019t have a strategy. They know they want to get into property investment. They get their first one and think, \u201cGood, I\u2019ve made it now and I\u2019ll sit,\u201d but they don\u2019t have a strategy to move on.
\nSimon<\/b>:\u00a0 Exactly. The hardest one is the first one. It should be smooth sailing from there.
\nKevin<\/b>:\u00a0 Simon, on another topic, just while I\u2019ve got you there, when you\u2019re looking around for your buyer clients, tell me about investment moving out west because of the emergence or the need \u2013 I guess \u2013 for major transport systems to be developed as populations grow out.
\nSimon<\/b>:\u00a0 Absolutely. One of the offices we have is out west. A year ago, we were looking at an area like Parramatta, which is the fastest-growing CBD in Sydney, incredible infrastructure. The smartest thing you can do as an investor is look for areas that even if the market slows down, they have reasons why they\u2019ll continue to grow \u2013 as you say, transport, offices moving out there, and things like that. It\u2019s far more affordable. The yields are a lot higher.
\nLiving in the east, in the north, and around the city has become so expensive that areas further out west where there is incredible transport and infrastructure make absolute sense for people to live in, and so they make really great investment opportunities for clients.
\nKevin<\/b>:\u00a0 It\u2019s always great talking to you, mate. Thank you so much again for your time. Simon Cohen from Cohen Handler has been my guest.
\nMate, we\u2019ll catch up with you again soon.
\nSimon<\/b>:\u00a0 Always a pleasure. Thank you.<\/p>\n","protected":false},"excerpt":{"rendered":"

  In today’s show together with Simon Cohen, from Cohen Handler Buyer\u2019s Agents, we\u00a0look at the trend leading buyers to invest outside of the city limits due mainly to the emergence of major transport systems and roads. 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