{"id":6570,"date":"2015-12-07T01:00:04","date_gmt":"2015-12-06T14:00:04","guid":{"rendered":"http:\/\/realestatetalk.com.au\/?p=6570"},"modified":"2015-12-07T01:00:04","modified_gmt":"2015-12-06T14:00:04","slug":"tips-for-investing-in-median-priced-areas","status":"publish","type":"post","link":"https:\/\/channels.realty.com.au\/realtytalk\/tips-for-investing-in-median-priced-areas\/","title":{"rendered":"Tips for investing in median priced areas – Chris Gray"},"content":{"rendered":"

 
\nIn today’s show property investor and TV host Chris Gray<\/strong> has some tips on safe property investing.
\n <\/p>\n

Transcript:<\/h4>\n

Kevin<\/b>:\u00a0 Median-priced urban investment properties make the safest investment. That\u2019s according to Chris Gray, one of our experts, who joins me.
\nGood day, Chris.
\nChris<\/b>:\u00a0 Hi, there. How are you doing?
\nKevin<\/b>:\u00a0 Good, mate. Chris what are your tips for investing in these areas; these median priced areas?
\nChris<\/b>:\u00a0 I think the main thing is to use the research companies like Residex, RP Data, or SQM Research \u2013 all of those guys. Those guys are people who study the markets for decades and decades, so they have a really good idea.
\nYou can then suddenly use those guys to find out what are the blue chip areas, what are the median prices in those areas, and then check your affordability to see what you can actually afford.
\nI know Residex for one \u2013 and I never get a dollar for this \u2013 they do a top 100 report for rents or capital growth, which costs about $250. I reckon it\u2019s a nobrainer to buy one of those reports and just double-check what you\u2019re thinking of investing to see where it comes up in their top 100.
\nKevin<\/b>:\u00a0 Well, based on your experience, where do you find the properties that actually perform better than others?
\nChris<\/b>:\u00a0 I think the main thing to realize here is I\u2019m looking 10 to 30 years, so I\u2019m not looking for the latest, greatest thing that might flip for a year or so. I typically stay away from the CBDs because there\u2019s no limit of supply. You can keep building these massive tall towers, and they keep getting taller and taller. There\u2019s a limited demand because not many people want to live in the heart of the city.
\nTypically, it\u2019s my general rule of thumb to be roughly 5 to 15 Ks from the capital city anywhere in the world, because that\u2019s where most young people with money want to live. It\u2019s close to the beaches, the caf\u00e9s, the parks, the schools, all of that kind of stuff. Generally you get [1:36 inaudible]<\/b>, so if there\u2019s no supply and there\u2019s plenty of demand, basic economics says that\u2019s going to lead to price rises no matter what\u2019s happening in the economy.
\nKevin<\/b>:\u00a0 Tenants being happy are pretty important to you. We spoke to you a few weeks ago about a recessionproofing your investment. One of the points you made is to make sure that your tenants are happy. If you do, then you can apply those rent increases, as well, Chris.
\nChris<\/b>:\u00a0 Exactly. My target market for my properties is to get 20 to 35yearold suits, because they, basically, work in the city, they probably earn sixfigure salaries, they probably have wealthy parents, they have massive disposable incomes, and they worry about where they want to live.
\nThey don\u2019t want to commute. They don\u2019t want to spend hours doing stuff. They want to be next to the parks, the clubs, the restaurants, and the leisure, so I think they\u2019ll pay whatever price it takes.
\nWhat I even knew when I invested 20odd years ago when I was 22, was I thought if you have a good job you\u2019re going to pay your rent because you don\u2019t want your boss finding out that you haven\u2019t paid your rent and you\u2019re deep in debt. That attitude seems to have worked for the last 20 years.
\nKevin<\/b>:\u00a0 You\u2019ve developed quite a good portfolio over the years. I know even from this chat that you look to the long term. How important to you is it that you look at an investment property that if you needed to sell it, it would sell well \u2013 that is, it\u2019s popular in that particular area?
\nChris<\/b>:\u00a0 I reckon I could sell my whole portfolio within a week, and I reckon I\u2019d get 95% to 100% of the value, maybe even 105%. Again, one of my keys is that I buy at the median price level for that area.
\nKevin<\/b>:\u00a0 Yes.
\nChris<\/b>:\u00a0 I want 80%of the population to be able to afford to buy it or rent it, because then I know it\u2019s in massive demand.
\nKevin<\/b>:\u00a0 Yes. We quite often see medians improve, and people think that this is an improvement in price, but it\u2019s actually just a reflection of the fact that people are buying in that popular price sector. While it may increase in price, it doesn\u2019t necessarily mean that values are going up.
\nChris<\/b>:\u00a0 Yes. I bought in 1990 just before the Olympics when I first immigrated to Australia in Fuju, a few beaches down from Bondai. I paid $360,000. Everyone said, \u201cChris, you\u2019re mad. You\u2019ve paid over the odds. It\u2019s going to collapse after the Olympics.\u201d\u00a0 But I knew young professionals could spend that kind of money.
\nNow that same unit is a million dollars 15 years later, so it\u2019s doubled and then some maybe another 50% or so. A million dollars sounds like a lot of money, especially to people outside of Sydney, but for the local area, people can afford it.
\nAt 4% or 5% interest rate, it\u2019s $50,000 a year mortgage. If you get two young 30yearolds on $100,000 salaries, they can afford $50,000 a year in payments.
\nKevin<\/b>:\u00a0 Chris\u2019s website is http:\/\/www.YourEmpire.com.au<\/a>.
\nChris Gray, thanks for your time.
\nChris<\/b>:\u00a0 My pleasure.<\/p>\n","protected":false},"excerpt":{"rendered":"

  In today’s show property investor and TV host Chris Gray has some tips on safe property investing.   Transcript: Kevin:\u00a0 Median-priced urban investment properties make the safest investment. That\u2019s according to Chris Gray, one of our experts, who joins me. Good day, Chris. Chris:\u00a0…<\/p>\n","protected":false},"author":176692471,"featured_media":5098,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[32,10,11,13,17,25],"tags":[101],"class_list":["post-6570","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","category-sponsored-channels","tag-podcast"],"yoast_head":"\nTips for investing in median priced areas - Chris Gray - 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\/tips-for-investing-in-median-priced-areas\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tips for investing in median priced areas - Chris Gray - Realty Talk\" \/>\n<meta property=\"og:description\" content=\"  In today’s show property investor and TV host Chris Gray has some tips on safe property investing.   Transcript: Kevin:\u00a0 Median-priced urban investment properties make the safest investment. That\u2019s according to Chris Gray, one of our experts, who joins me. Good day, Chris. Chris:\u00a0...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/channels.realty.com.au\/realtytalk\/tips-for-investing-in-median-priced-areas\/\" \/>\n<meta property=\"og:site_name\" content=\"Realty Talk\" \/>\n<meta property=\"article:published_time\" content=\"2015-12-06T14:00:04+00:00\" \/>\n<meta name=\"author\" content=\"rolanrush\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"rolanrush\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 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\\\/tips-for-investing-in-median-priced-areas\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/tips-for-investing-in-median-priced-areas\\\/\"},\"author\":{\"name\":\"rolanrush\",\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/#\\\/schema\\\/person\\\/384a57ac9e52cb9bf19896cb15eaa52d\"},\"headline\":\"Tips for investing in median priced areas – Chris Gray\",\"datePublished\":\"2015-12-06T14:00:04+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/tips-for-investing-in-median-priced-areas\\\/\"},\"wordCount\":917,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/tips-for-investing-in-median-priced-areas\\\/#primaryimage\"},\"thumbnailUrl\":\"\",\"keywords\":[\"podcast\"],\"articleSection\":[\"Buying a property\",\"Kevin Turner\",\"Kevin's Update\",\"Latest Stories\",\"Property Investment Topics\",\"Sponsored Channels\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/tips-for-investing-in-median-priced-areas\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/tips-for-investing-in-median-priced-areas\\\/\",\"url\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/tips-for-investing-in-median-priced-areas\\\/\",\"name\":\"Tips for investing in median priced areas - Chris Gray - Realty Talk\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/tips-for-investing-in-median-priced-areas\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/tips-for-investing-in-median-priced-areas\\\/#primaryimage\"},\"thumbnailUrl\":\"\",\"datePublished\":\"2015-12-06T14:00:04+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/#\\\/schema\\\/person\\\/384a57ac9e52cb9bf19896cb15eaa52d\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/tips-for-investing-in-median-priced-areas\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/tips-for-investing-in-median-priced-areas\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/tips-for-investing-in-median-priced-areas\\\/#primaryimage\",\"url\":\"\",\"contentUrl\":\"\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/tips-for-investing-in-median-priced-areas\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Tips for investing in median priced areas – Chris Gray\"}]},{\"@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\\\/384a57ac9e52cb9bf19896cb15eaa52d\",\"name\":\"rolanrush\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/86544778804295a7fa45cbde097dc3a58a45ba6ed28859f17059ca74c38723d2?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/86544778804295a7fa45cbde097dc3a58a45ba6ed28859f17059ca74c38723d2?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/86544778804295a7fa45cbde097dc3a58a45ba6ed28859f17059ca74c38723d2?s=96&d=mm&r=g\",\"caption\":\"rolanrush\"},\"url\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/author\\\/rolanrush\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Tips for investing in median priced areas - Chris Gray - 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\/tips-for-investing-in-median-priced-areas\/","og_locale":"en_US","og_type":"article","og_title":"Tips for investing in median priced areas - Chris Gray - Realty Talk","og_description":"  In today’s show property investor and TV host Chris Gray has some tips on safe property investing.   Transcript: Kevin:\u00a0 Median-priced urban investment properties make the safest investment. That\u2019s according to Chris Gray, one of our experts, who joins me. Good day, Chris. Chris:\u00a0...","og_url":"https:\/\/channels.realty.com.au\/realtytalk\/tips-for-investing-in-median-priced-areas\/","og_site_name":"Realty Talk","article_published_time":"2015-12-06T14:00:04+00:00","author":"rolanrush","twitter_card":"summary_large_image","twitter_misc":{"Written by":"rolanrush","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/channels.realty.com.au\/realtytalk\/tips-for-investing-in-median-priced-areas\/#article","isPartOf":{"@id":"https:\/\/channels.realty.com.au\/realtytalk\/tips-for-investing-in-median-priced-areas\/"},"author":{"name":"rolanrush","@id":"https:\/\/channels.realty.com.au\/realtytalk\/#\/schema\/person\/384a57ac9e52cb9bf19896cb15eaa52d"},"headline":"Tips for investing in median priced areas – Chris Gray","datePublished":"2015-12-06T14:00:04+00:00","mainEntityOfPage":{"@id":"https:\/\/channels.realty.com.au\/realtytalk\/tips-for-investing-in-median-priced-areas\/"},"wordCount":917,"commentCount":0,"image":{"@id":"https:\/\/channels.realty.com.au\/realtytalk\/tips-for-investing-in-median-priced-areas\/#primaryimage"},"thumbnailUrl":"","keywords":["podcast"],"articleSection":["Buying a property","Kevin Turner","Kevin's Update","Latest Stories","Property Investment Topics","Sponsored Channels"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/channels.realty.com.au\/realtytalk\/tips-for-investing-in-median-priced-areas\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/channels.realty.com.au\/realtytalk\/tips-for-investing-in-median-priced-areas\/","url":"https:\/\/channels.realty.com.au\/realtytalk\/tips-for-investing-in-median-priced-areas\/","name":"Tips for investing in median priced areas - Chris Gray - Realty Talk","isPartOf":{"@id":"https:\/\/channels.realty.com.au\/realtytalk\/#website"},"primaryImageOfPage":{"@id":"https:\/\/channels.realty.com.au\/realtytalk\/tips-for-investing-in-median-priced-areas\/#primaryimage"},"image":{"@id":"https:\/\/channels.realty.com.au\/realtytalk\/tips-for-investing-in-median-priced-areas\/#primaryimage"},"thumbnailUrl":"","datePublished":"2015-12-06T14:00:04+00:00","author":{"@id":"https:\/\/channels.realty.com.au\/realtytalk\/#\/schema\/person\/384a57ac9e52cb9bf19896cb15eaa52d"},"breadcrumb":{"@id":"https:\/\/channels.realty.com.au\/realtytalk\/tips-for-investing-in-median-priced-areas\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/channels.realty.com.au\/realtytalk\/tips-for-investing-in-median-priced-areas\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/channels.realty.com.au\/realtytalk\/tips-for-investing-in-median-priced-areas\/#primaryimage","url":"","contentUrl":""},{"@type":"BreadcrumbList","@id":"https:\/\/channels.realty.com.au\/realtytalk\/tips-for-investing-in-median-priced-areas\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/channels.realty.com.au\/realtytalk\/"},{"@type":"ListItem","position":2,"name":"Tips for investing in median priced areas – Chris Gray"}]},{"@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\/384a57ac9e52cb9bf19896cb15eaa52d","name":"rolanrush","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/86544778804295a7fa45cbde097dc3a58a45ba6ed28859f17059ca74c38723d2?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/86544778804295a7fa45cbde097dc3a58a45ba6ed28859f17059ca74c38723d2?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/86544778804295a7fa45cbde097dc3a58a45ba6ed28859f17059ca74c38723d2?s=96&d=mm&r=g","caption":"rolanrush"},"url":"https:\/\/channels.realty.com.au\/realtytalk\/author\/rolanrush\/"}]}},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/posts\/6570","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\/176692471"}],"replies":[{"embeddable":true,"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/comments?post=6570"}],"version-history":[{"count":0,"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/posts\/6570\/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=6570"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/categories?post=6570"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/tags?post=6570"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}