“Behind the Scenes of Melbourne Property Market”
Educational podcast episode 1 – 22/6/2017

Date:
22nd of June 2017
Time:
6pm-8pm
Location:
Caydon Showroom Abbotsford

About:
“Behind the Scenes of Melbourne Property Market” is an educational event, updating guests with local policy and market changes. Our series is hosted by Lisa Harris, founder of Finvest, and accompanied by of professionals in the industry helping investors build and achieve their portfolio goals.
This series touches topics on:
– Policy and legislation changes in the new financial year
– New Stamp duty changes and influences
– How depreciation can help you save

Episode 1

“Behind the Scenes of Melbourne Property Market” is an educational event, updating guests with local policy and market changes. Our series is hosted by Lisa Harris, founder of Finvest, and accompanied by of professionals in the industry helping investors build and achieve their portfolio goals.

Firstly, who is Finvest?

We are passionate about helping people achieve their dream through holistic property strategies. We love real estate, and take great pride in being “passionate property experts”. Lisa Harris is an avid property investor herself with over 15 years of banking experience, and has bought, held and flipped many properties successfully. Her passion is to educate and guide investors. Today, only 7.9% of Australians invest in property; this shows the lack of education available to potential investors looking at property.

Our June 22nd Podcast series touches on many hot topics: What are the policy and legislation changes in the new financial year? How are these changes going to affect the market and housing affordability in Melbourne? What types of properties are more cost effective as an investment?

Melbourne is currently the only state with no stamp duty attached to new builds, and with the coming of the new financial year, both the government and banks are making it difficult for investors to increase their portfolios. With stamp duty exemption for investors demolishing, and banks making lending harder for investors. What does that say about the market? Is it going to drop because investors will not be buying? NO! Don’t forget, only 7.9 of Australians are investors! In the new financial year, the government and banks has shifted their attention to assist first home buyers, with grants increasing and stamp duties still exempt for them.

Ivana Tempone, director of Nexus accounting firm, specialising in property accounting, talks to us about the requirements to obtain the grant, areas of opportunity to take advantage of, as well as closing of certain existing loopholes. By following Ivana’s guideline, you’ll learn how to be eligible for helpful grants, and able to receive rental income sooner rather than later.

Callum, surveyor in BMT, talks about depreciation, and how to save more money on your purchase of a new house. Don’t make the same mistake as one of our client; before he came to see us, he had not declared a new apartment he bought 10 years ago, thinking that it may save him in taxes. What he did not know then is that tax departments are happy to give you money back for depreciation of new properties; he could have saved $100,000 over the 10 years on depreciation alone.

Lisa Harris aims to provid access to the complete knowledge base and processes of investment property market, and changing mindsets to support others in reaching their full potential and achieving their goals. The right education can go a long way. Lui Ngyuen, senior private banker of Bank of Melbourne shares the story of a client coming to him after purchasing a house on auction. Mislead by advice of the client’s workmate, he thought banks were giving away money for buyers, but it was not the case, he could not get sufficient lending and everything went south. What does this story tell us? Speak to a specialist, purchasing a property is not a trivial matter; gauge what your capacity and ability is, what you want to achieve, what you buy will then determine how and when you will carry out those steps. Each step measured carefully to ensure timelines matchup and nothing delays. Using reliable, reputable developers reducing unnecessary risks that may be involved.

Lisa Harris works with over 8000 listings; each one screened and picked specifically to reduce such risks. Have you heard of a friend who lost their deposit on something purchased because their developers went bankrupt? Such cases happen more often than you think. Don’t take the risk; you get what you pay for!

Adam Linddell of Jim’s Building Inspection, an addition to our panel for this series, strongly recommends getting an inspector to act on your behalf and check out little things that you may have missed upon building completion. They work as a negotiator if something does go wrong, and are well worth the cost.

To help people understand the inside world of Melbourne property market, Finvest is conducting monthly event, “Behind the scene of Melbourne property market hosted by  Finvest director Lisa Harris, Our next event will be held on Wednesday night August 02nd 2017, 6pm till 8pm.  Strictly NO SELLING policy for the event, come and let us shed light on your enquires on whatever you have in regards to Melbourne property. Register your spot in the link below:

https://www.eventbrite.com.au/e/behind-the-scene-of-melbourne-property-market-august-02-2017-tickets-32284408535

If you wish to book your free one-on-one consultation with Lisa Harris directly, contact Monica to organise an appointment on 0433 228 993 or email monica@finvest.net.au.

We love to know what you think or are interested in! Please feel free to send us questions you would like to see answered.