Thanks team, good chat. Equity Mates success is also the likability of two aussie guys that gel well together, having a laugh with delivering good financial education.
I'm buying a house next year in Northam, 1 hour out of Perth. I was lucky enough to have gone to have gone to school there so it won't be so isolating. Definitely the sort off moves younger people need to make if they want to own property
Property is a leveraged investment with ongoing costs and shares aren't. The problem with leverage is that if the investment goes down, the loan stays at the original price, magnifying losses. This is why property investment should only be for those who have significant equity and can ride out the cycle.
Sales pitch to seller: you will save advertising fees by not listing and get a quick sale. Agent thinks: less work for me and quick turnover. Result: Potential Buyer rejoices, seller is let down substantially.
Worse of all renting next door to me, in a townhouse.. A thousand dollars a week for rent, thank goodness I brought my townhouse this year, even gone up in value $60 thousand, not even 12 months that I have own it, not bad…😊
Havent wealthy parents been helping their kids buy property since it was legal to own property? So what is different now? Is it just that supply is so limited?
