{"id":6728,"date":"2015-12-21T01:00:47","date_gmt":"2015-12-20T14:00:47","guid":{"rendered":"http:\/\/realestatetalk.com.au\/?p=6728"},"modified":"2015-12-21T01:00:47","modified_gmt":"2015-12-20T14:00:47","slug":"resolutions-for-property-investors-2016","status":"publish","type":"post","link":"https:\/\/channels.realty.com.au\/realtytalk\/resolutions-for-property-investors-2016\/","title":{"rendered":"Resolutions for property investors 2016 – Brad Beer"},"content":{"rendered":"

 
\nIn today\u2019s show Brad Beer <\/b><\/a>from BMT Tax Depreciation has compiled his New Years resolutions for property investors.
\n <\/p>\n

Transcript:<\/h4>\n

Kevin<\/b>:\u00a0 It\u2019s only fitting, as we head towards the end of 2015 \u2013 this in fact is our last show for the year \u2013 that I\u2019ve invited Brad Beer to join me. Brad, of course, is the CEO for BMT Tax Depreciation.
\nGood day, Brad.
\nBrad:\u00a0 <\/b>Hi, Kevin.
\nKevin:\u00a0 <\/b>Looking back on 2015, it came with a few challenges, Brad, didn\u2019t it, for the property investor?
\nBrad: \u00a0 <\/b>Yes, it did. The clampdown of APRA on banks regarding lending. I think there\u2019s still more to see out of that, but just looking at the clamping down on that loan growth in investors by more than certain percentage. We\u2019ve seen increased rates against investors only, which is not something we\u2019ve seen for some time. A lot of things there to make it a little bit tougher for the investor.
\nKevin:\u00a0 <\/b>Yes, they have, indeed. We got some good news, and I guess the year 2015 highlighted for us, Brad, that there are so many different markets around Australia, if you\u2019re going to be a property investor, you really have to do your homework. There was some interesting news out from CoreLogic RP Data as well in \u2013 their quarterly report.
\nBrad: \u00a0 <\/b>Yes. If we take 2015 and look at the substantial growth in the Sydney market, especially \u2013 something that\u2019s fueled by many things and low interest rates and people having a fear of missing out on getting into the property market \u2013 we\u2019ve had such substantial growth, probably too fast. We\u2019re probably on the back of that now, meaning that we\u2019re seeing reduced auction clearance rates and probably a slowing of that market. But then we\u2019ve had other markets \u2013 Perth in WA, for example, that\u2019s not been performing anywhere near as well, and it\u2019s in the same country \u2013 just.
\nKevin:\u00a0 <\/b>It\u2019s interesting, because in the first few shows of next year, we\u2019re going to feature comments from a number of our commentators who we\u2019ve used over the years to give us their view looking back on 2015, looking ahead to 2016. But I thought it would be interesting, because I understand that you\u2019ve done the property investor resolutions for 2016, the first one being \u201cI\u2019ll go outside my comfort zone.\u201d That should be every investor\u2019s resolution, I would have thought.
\nBrad: \u00a0 <\/b>Look, Kevin, I\u2019ve bought a lot of properties over the last 15 odd years since I\u2019ve been investing, and a lot of them are actually in similar areas. One things that if I look back in hindsight, over many of those years, I\u2019ve bought places close to what I know for reasons. Now, sometimes, because I know those areas, that\u2019s good, but the fact is the same area doesn\u2019t always perform, and you need to look outside of \u201caround the corner\u201d because it\u2019s easy \u2013 you can drive past it \u2013 and look at investing to other areas around the country, potentially with enough research to know what\u2019s good and what\u2019s bad, and not just around the corner because you think it\u2019s easy to look after, and you believe in that area because that\u2019s where you live.
\nKevin:\u00a0 <\/b>Yes. The second resolution was that you will not follow the herd, and I think that\u2019s wonderful. That herd mentality is pretty poor because most times, by the time you get there, the rush is already over.
\nBrad: \u00a0 <\/b>And the people follow. Everybody\u2019s making money. It\u2019s growing, the prices are really high, and as soon as that happens, it\u2019s almost like it\u2019s too late to buy there. You have to be picking those places that haven\u2019t had that herd and everybody pushing up the prices.
\nSydney is probably at the back of that at the moment, where we\u2019re seeing those decreased auction clearance rates and the prices probably having that flattening over the next little period of time, especially because people have kept pushing those prices by following herd mentality.
\nWe need to be looking at where it has been struggling with some reason why it will come forward in the future.
\nKevin:\u00a0 <\/b>And looking, too, at the complete picture, highlighted here by the fact that part of the investment journey is all about depreciation, which is your pet love.
\nBrad: \u00a0 <\/b>The cash flow in every way, depreciation is obviously an important part of that. We still have a situation where 70% or 80% of investors don\u2019t maximize this deduction properly. It\u2019s like buying your investment and asking for less than the market rent.
\nEvery part of your investment from a cash flow perspective, you should be asking for market and proper rent and doing whatever it is to the property you need to to make sure it\u2019s attractive to tenants. Depreciation is the one I see missed the most that\u2019s just leaving money on the table you don\u2019t need to.
\nKevin:\u00a0 <\/b>Speaking about leaving money on the table, too, budgeting is pretty important. When things get busy, we tend to overlook that area of it, but you have to keep a close eye on that as well, Brad.
\nBrad: \u00a0 <\/b>Look, simple things like if you\u2019re a normal tax payer doing a PAYG so that you can get more money into your pay packet on a fortnightly basis, which is a really simple thing that your accountant can do after you\u2019ve had your calculations of the year, what it should look like, including your depreciation numbers, then you might as well get that money back in your pocket today so that you can sit it into offset accounts, pay less interest, and actually have use of that money through the year instead of letting the tax office hang onto it and get it back later on when you do get around to doing your tax return. Making sure you\u2019ve budgeted properly through the year and just having that buffer of money available is also a great idea.
\nKevin:\u00a0 <\/b>I think, too, taking notice of people like yourself, and listening to Real Estate Talk and programs like that, you actually learn a lot. You have to learn from that experience, Brad, don\u2019t you?
\nBrad: \u00a0 <\/b>I still go to quite a number of property seminars and things. Often I\u2019m the depreciation speaker at these things because that\u2019s one important part of investing, but one thing I do is always take something away from that to add to my knowledge about investing in the property, and take heed of that.
\nAlso what it does is gets me keen to re-look at my portfolio of properties, make sure I\u2019m always open to learning how to make it perform better and also for those purchases in the future.
\nKevin:\u00a0 <\/b>Brad, all the best for the rest of this year, and look forward to working with you during 2016. Thanks, once again, for your support of our program, as well.
\nBrad: \u00a0 <\/b>Thanks, Kevin. Look forward to it.<\/p>\n","protected":false},"excerpt":{"rendered":"

  In today\u2019s show Brad Beer from BMT Tax Depreciation has compiled his New Years resolutions for property investors.   Transcript: Kevin:\u00a0 It\u2019s only fitting, as we head towards the end of 2015 \u2013 this in fact is our last show for the year \u2013…<\/p>\n","protected":false},"author":176692471,"featured_media":6729,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[10,11,13,36,17,25,27],"tags":[101],"class_list":["post-6728","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-kevin-turner-sponsored-channels","category-kevin-update","category-latest-story","category-property-investment-topic","category-property-investment","category-sponsored-channels","category-trends-topic","tag-podcast"],"yoast_head":"\nResolutions for property investors 2016 - Brad Beer - 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\/resolutions-for-property-investors-2016\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Resolutions for property investors 2016 - 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