Empower Blog Off the plan Apartments

How do you pick which apartment to invest in?

Okay, so you've decided that you want to buy an apartment as an investment so the question is, which one do you pick? And I think it's no secret to anyone who had been watching my videos for a long time now or even listening to The Property Couch podcast; they know that I am not a fan of medium to high density off the plan apartments. But there are...

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Sky Business News – Your Money Your Call (April 2016)

This time on SKY Business News Channel, Your Money Your Call (YMYC), Ben Kingsley joins the panel to discuss what's making news in the property market and more. They answered a number of emails and calls from viewers and some of the topics are: How's the property market going in NSW and indicators to determine the health of the market such as...

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How important is asset selection?

So I am always asked the question, "How important is Asset selection?" Because fundamentally, it is THE very thing that we are investing in as our vehicle of choice if we are property investors. Now I just wanted to show you that just getting a slight change in performance in asset selection can make an enormous difference. Let's have a look at ...

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2016 Property Outlook (Part 2) | Melbourne & Regional VIC

Here are the other parts of the 2016 Property Outlook: Part 1: Sydney & Regional NSW Part 2: Melbourne & Regional VIC Part 3: Queensland, Australian Capital Territory and South Australia Part 4: Northern Territory, Western Australia and Tasmania Transcript: Bryce Holdaway: So probably moving on to the next biggest economy, which is M...

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What are the Worst Performing properties in a Market Correction

Look with property being so popular, it is the great Australian barbeque topic right now. Everyone wanted to jump on board with what I call FOMO or the Fear Of Missing Out. I think it is really important that people make great decisions around asset selection now cause there are two types of property that I think are really vulnerable when the mark...

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Why you should be Nervous when Investing in Apartments

I always find it a really interesting topic when someone says do apartments make for a good investment or not? My dad is born in 1939 so he's a pre-Baby Boomer, my mom is born in 1948 so she's a Baby Boomer, I'm 1975 so Generation X and my wife is 1980 so she's typically on the cusp of Generation Y. So over the dinner table, we actually have a real...

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Pros and Cons of Buying Off the Plan Apartments

The Pros There's lots of reasons to consider why you should buy an off the plan purchase because there's nothing that can replace that sort of brand new feeling. You're the first person to actually move into the property. There's got shiny taps, it has got beautiful clean tiles, the carpet smells fresh and its got that really nice cozy feeling abou...

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Conducting Due Diligence when buying Off the Plan Purchase

Off-the-Plan purchase had always been a hot discussion; whether it is wise to leverage on its depreciation benefits or unwise considering the risks involved in the building's completion date. In the November 2012 issue of Your Investment Property Magazine (YIP Magazine), Empower Wealth is interviewed regarding this topic. We do not oppose or suppo...

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‘Off The Plan’ and New Property as an Investment Asset?

You know the saying “I wish I had a dollar for every time…..” Well in my case this saying rings true for people buying ‘off the plan’ properties and seeing the price they paid come in at a lower valuation once the property is actually built. So for me I wish I had all the dollars that made up the shortfall in valuations from the purcha...

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