Empower Blog Property Value

Why is a Property Valuation so Important?

So you're ready to make your next step on the property ladder. You might have one property or you might have an owner occupier home and were looking to release equity out. Or you might have a portfolio of properties already and is looking to potentially release that equity. Enter the valuer, they are the most important person in the conversation be...

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The Buyers’ Decision Quadrant

I'm always finding when people are buying real estate whether they are buying it for themselves to live in or they are buying it for an investment property, they are faced with some form of compromise. We've thought about this a lot and usually it is one of four things. So we've come up with what's called the Buyers' Decision Quadrant. It's really ...

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Are you Paying Too Much for your Property?

Today I want to talk to you about the three biggest reasons why you might be paying too much when buying property. Number 1, the justify that they can afford it. Let me tell you a little story. Husband and wife couple, do their budget at home and then they head off to speak to their mortgage broker. Their mortgage broker has a suite of lenders a...

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The Thought Process when Buying A Home

Hello, in this How To session, I want to tell a story. I want to tell a story that goes through everyone's decision making process when they are looking to buy a home. Now, there's a few things that goes on in your head. You've grown up in area and you know the area well. You know its attractions, its benefits, you know the great coffee shop and yo...

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A Guide to Property Investment Research from Your Computer

Searching property is not Researching Property. Property investment research is mandatory before you purchase any property. At Empower Wealth we believe that this part of the process is absolutely non-negotiable. But with so many aspects to consider before you even start searching for a property, it might get a bit confusing. Luckily, with the inv...

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Renovating does not equal Riches

How exciting it is to see someone who has actually done a renovation project and they've made hundreds and thousands of dollars in it. You might think that it is easy to, I guess, replace the yield income by doing a renovation project. We've all probably heard some stories and we've seen the television shows with the really great outcomes and of co...

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Is Property in Australia Affordable?

There's a lot of hype around the Australian Property Market and whether or not we are in a price bubble. Now the reality is, when we see low interest rates, what it means is it increases our ability to afford property. We got to understand the psychology behind buying property in Australia, just as in buying properties in most countries where we se...

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Four Ways an Investor will Pay

It’s always interesting the psychology of property investor when I’m chatting to them the idea of if they are to pay for advice or whether they get the advice for free. Cause in my view, you are going to pay in four ways. First way is to pay through buying the wrong assets, and that is not an egotistical statement. That’s actually from exp...

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Seven Property Investment Myths Keeping You From Growing

Investing in property can be a bit frightening if you are unfamiliar with what it entails. When considering it, realise that properties can generally be categorised into two groups: active or passive investments. Active investment requires the investors to be on the run and this could be buying a house, fixing it up and then selling it for a profit...

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Underquoting Is it a Myth or Does it Exist

“Quote it Low and Watch it Go” This is the term used by some real estate agents in the past but is now becoming extinct with updated legislation from the REIV coupled with large penalty fines. The truth is, many people buying at auction and within the general public are not aware of the relevant authorities and peak bodies that are trying to st...

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What do you Look for in a Buyers Advocate?

If you're looking to work with a Buyers Advocate, you need to ask the question: What am I looking for in my Buyers Advocate/Buyers Agent? Well, the first question is coming back at you and that is why are you actually buying? If you're buying for owner occupier purposes, then a local buyers agent who knows their city, or their area within the ci...

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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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5 Easy Ways to Add Value to an Investment Property

Let us for this exercise look at a typical investment type property being a 1960’s built 2 bedroom 1 bathroom apartment within a two storey block of 10 similar apartments with one car space on title located within a 10 kilometre radius of the Melbourne CBD. The value of purchase is between $300,000 & $400,000 which is very similar to the t...

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