There are few things in our lives that cause more stress than debt. It can encroach into every aspect of our lives. The source of this stress can be from any debt that doesn’t have a clear achievable action plan to pay it off making the debt seem like an insurmountable obstacle.
Property Investment in Melbourne in 2017…
One of the things we’ve always set out to do is to help others to learn from our approach to property investment in Melbourne.
Resources like the ‘OYOB Property Investment Guide‘ are one of the ways we try to contribute and to share some of the strategies and lessons that we have learnt in our journey as property investors.
Another new financial year, another opportunity to catch up!
The Own Your Own Block team had a great time, and it was especially pleasing to meet all the new faces each and every time as we build and deliver results for our community. From small things, we believe something truly great can grow.
We’ve posted the recorded event presentations. Enjoy!
Mernda on the Park (MOTP) was the first project under Own Your Own Block’s (OYOB) Greenfielding Investment Model, allowing our clients to invest with us at a wholesale price point. On February 29th, we invited investors to picturesque Mernda for a development update and to celebrate the titling of Stages 2 and 3.
We’ve uploaded the day’s presentations below for those that missed out. For those who are new to OYOB, it should give you some insight into how we work with our clients and the philosophy behind the OYOB community.
Part 1 of the presentation is presented by Michael, giving a brief update to our Mernda on the Park investment community.
We’ve put together a quick summary on the recently announced Victorian Government’s new housing initiatives to make housing more affordable across the state. This includes a stamp duty exemption for first homebuyers, a doubling of the first homebuyer grant in regional Victoria, and a host of other initiatives. These changes are to come into effect for contracts signed after 1 July 2017.
So what are the facts you need to know, and how will it affect first homebuyers, investors and developers?
There is no doubt that investing in property for the first time can be a bit daunting, especially if you are going it alone. Here are our 5 top questions to ask yourself before you take the leap.
1. What are my investment goals?
It’s important to know your goals before starting on your investment journey. Starting with the end in mind helps enormously as it allows you to break down the stepping stones required to get there. For example, if you think you need $1 million in your super and savings to retire and you’ve got 28 years to get there, it allows you to map out a plan to achieve it through investment and growth without overstretching yourself financially now.
Because the property game just got turned on its head…
Our OYOB team is unlocking the secrets of collaborative investment, bringing together Victoria’s best property investment specialists and developers to help every day Australians gain access to wholesale pre-developed land prices.
According to this recent article by realestate.com.au, Melbourne’s hot property market has added hundreds of dollars a day to house prices in scores of suburbs over the last year. From Epping in the north at 12.5% to Cranbourne in the south at 13.6%, there has been a wide range of suburbs in Melbourne performing over and above the Melbourne average of 10%.
So, the question on many homebuyers’ and investors’ minds is… am I too late to get into the market? Have I missed the boat?
Usually, we love what Scott Pape, the Barefoot Investor has to say. It’s simple, actionable advice, presented in a way that can help many people to take control of their finances. However, as is the case in many relationships, we occasionally disagree!
In the recent article “How to comfortably retire – you don’t need $1m to live well,” Scott makes the claim that the only number you’ll ever need to aim for in retirement is $250,000. We can agree on one thing; this figure is a crowd pleaser! However, it is far from the one million dollars often touted and at OYOB we don’t necessarily agree.
Let’s have a look why: