{"id":6906,"date":"2016-01-31T01:00:25","date_gmt":"2016-01-30T14:00:25","guid":{"rendered":"http:\/\/realestatetalk.com.au\/?p=6906"},"modified":"2016-01-31T01:00:25","modified_gmt":"2016-01-30T14:00:25","slug":"rachel-barnes-australian-property-market-2016","status":"publish","type":"post","link":"https:\/\/channels.realty.com.au\/realtytalk\/rachel-barnes-australian-property-market-2016\/","title":{"rendered":"Rachel Barnes &#8211; Australian Property Market 2016"},"content":{"rendered":"<p>&nbsp;<br \/>\nOur guest today:\u00a0<strong>Rachel Barnes<\/strong> from investorfriendlyagents.com<br \/>\n&nbsp;<\/p>\n<h4>Transcript:<\/h4>\n<p><b>Kevin:\u00a0 <\/b>So far over the last three weeks, we\u2019ve been inviting a lot of our experts who share some thoughts with us from time to time to tell us what they think about 2015, the year that\u2019s just gone, and have a look at the year of 2016. Of course, we\u2019re already one month into 2016. Joining me this time is Rachel Barnes from investorfriendlyagents.com.<br \/>\nRachel, thanks for your time.<br \/>\n<b>Rachel:\u00a0 <\/b>Pleasure, Kevin.<br \/>\n<b>Kevin:\u00a0 <\/b>Here we are one month into 2016. Let\u2019s reflect back on 2015. Any big surprises last year for you?<br \/>\n<b>Rachel:\u00a0 <\/b>Not really. I think it was a bit of a bland year in relation to property, but that\u2019s probably because I\u2019m in Adelaide, South Australia, rather than some of the more eastern states. I did go to Brisbane a few times, and I was quite blown away by the prices for some of the properties that were going there. The smallest lot with the oldest house on it with all these restrictions was going for ridiculous prices. I think there\u2019s been a bit of a buying frenzy, people getting a bit scared they wouldn\u2019t get into the market in time.<br \/>\n<b>Kevin:\u00a0 <\/b>Yes. What about the Adelaide market? How is that looking, Rachel?<br \/>\n<b>Rachel:\u00a0 <\/b>It\u2019s been fairly flat along certain areas, but it\u2019s the same with anything; you can\u2019t pick just one area and assume that everything goes along that vein. There have been certain pockets that have been doing really well in 2015, and I\u2019m sure they\u2019re still going to grow in 2016.<br \/>\nObviously some of the unemployment areas in the north cause an issue when it comes to holding prices down in that area. There\u2019s starting to become more infrastructure done down south now, as well, and for other parts, like Port Adelaide.<br \/>\nEspecially Port Adelaide, it\u2019s an area that for many years people have talked about it\u2019s going to be the next boom, it\u2019s going to be the next boom, but nothing really has happened. But I wouldn\u2019t be surprised now that I can see more businesses going into the area, the whole place gives you more of a cosmopolitan type of feel and a bit more life in it now. It wouldn\u2019t surprise me if that\u2019s an area that starts to improve in South Australia at least.<br \/>\n<b>Kevin:\u00a0 <\/b>Gentrification takes some time, and that\u2019s actually what\u2019s happening in that area, I understand. It\u2019s becoming gentrified and a lot more popular. We\u2019ve seen in different parts of Australia, that can take several years, almost up to a decade sometimes.<br \/>\n<b>Rachel:\u00a0 <\/b>Yes. When you get into property I think sometimes anybody gets in you\u2019re eager to buy property and invest. Then you go out and you hear all these exciting things that are going to happen, all the plans that are there from the council, for example, and you get in. Then as you say, it may be a decade and you can get tired of waiting or if it\u2019s negatively geared, it can be too costly to wait.<br \/>\nTherefore, you start to sometimes slow down the momentum because of people getting out of the market and putting a bit of oversupply in there for a while. I think that\u2019s starting to level out now and starting to look like an improvement for this year.<br \/>\n<b>Kevin:\u00a0 <\/b>Through your website, investorfriendlyagents.com, you\u2019re talking to a lot of real estate agents and also property managers and helping them understand more about the psyche of working with investors. What would be your advice to anyone who wants to start a portfolio this year, a brand-new investor?<br \/>\n<b>Rachel:\u00a0 <\/b>I think the main thing is still buying well and working out your strategy first, so then you can decide what area you\u2019re going to be looking for. For example, if you\u2019re going to be a renovator and you want to do something close to home because you want to be doing it yourself, then you wouldn\u2019t be going perhaps further than 50 Ks out, because otherwise it\u2019s going to be too exhausting for you to try and renovate around something else that you\u2019re doing.<br \/>\nWhereas if you\u2019re looking to buy and hold and you just want the yield because you\u2019re looking for positive cash flow, you\u2019re not worried about doing the work yourself, you\u2019re happy to outsource it, then you could look at anywhere around your area, just making your mind. Then you have to look for the yield.<br \/>\nAs I said, it really gets down to what is your strategy, what suits you personally? Not what your neighbor or your friend does, but what suits you financially, personally, risk perspective-wise, and everything else. From there, you can decide your strategy, work out where the best place would be from there, and then you can perhaps employ a buyer\u2019s agent, a seller\u2019s agent to help you to find the right property that\u2019s going to suit your needs.<br \/>\n<b>Kevin:\u00a0 <\/b>Just to round out our chat for today, Rachel, what are the markets that you\u2019re going to be watching in 2016? You\u2019ve mentioned a couple already, Brisbane and also down around Adelaide. Are there any other markets around Australia you\u2019ll be watching?<br \/>\n<b>Rachel:\u00a0 <\/b>There are a few places in Victoria. We haven\u2019t invested there yet, but some of the outer areas, I\u2019m just keen to see how they go, but I\u2019m not very good with crystal-balling I have to say.<br \/>\n<b>Kevin:\u00a0 <\/b>That\u2019s okay.<br \/>\n<b>Rachel:\u00a0 <\/b>As a matter of interest, I\u2019d be looking at some of the areas \u2013 not Geelong but around that area, so on the main freeways where\u2019s good communication and commuting from Melbourne.<br \/>\n<b>Kevin:\u00a0 <\/b>Rachel Barnes, thank you so much for your time.<br \/>\n<b>Rachel:\u00a0 <\/b>Pleasure. Thanks, Kevin.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; Our guest today:\u00a0Rachel Barnes from investorfriendlyagents.com &nbsp; Transcript: Kevin:\u00a0 So far over the last three weeks, we\u2019ve been inviting a lot of our experts who share some thoughts with us from time to time to tell us what they think about 2015, the year&#8230;<\/p>\n","protected":false},"author":176692471,"featured_media":6907,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[10,11,13,17,25,27],"tags":[101],"class_list":["post-6906","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","category-sponsored-channels","category-trends-topic","tag-podcast"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Rachel Barnes - Australian Property Market 2016 - 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\/rachel-barnes-australian-property-market-2016\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Rachel Barnes - Australian Property Market 2016 - Realty Talk\" \/>\n<meta property=\"og:description\" content=\"&nbsp; 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