Introduction

In this section, the hosts introduce themselves and their guest, Sophie, and discuss the upcoming live event.

Hosts Introduce Themselves and Guest

• The hosts introduce themselves as property investors.

• They welcome Sophie to the show and mention that she has been in their group for three years.

• Sophie is introduced as a teacher of insights into the Geelong market.

Discussion of Upcoming Live Event

• The hosts discuss an upcoming live event on June 14th in collaboration with Sophie's team.

• They mention that they will be discussing the current land tax situation in Victoria and providing insights into the Geelong market.

• The hosts clarify that they have collaborated with Sophie's team for the event.

Insights into Geelong Property Market

In this section, the hosts discuss various aspects of investing in property in Geelong.

Hot Spots vs. Not So Hot Spots

• The hosts discuss hot spots versus not so hot spots in Geelong.

Opportunities for Property Investors

• The hosts mention that there will be plenty of wisdom shared about investing in Geelong and Victoria.

• Joe asks Sophie about owning property in Victoria as a landlord.

Conclusion

In this section, the hosts wrap up their discussion and end the video.

Wrapping Up Discussion

• The hosts wrap up their discussion by thanking Sophie for joining them on the show.

The Importance of Land Tax in Victoria

In this section, the speakers discuss the recent land tax situation in Victoria and how it affects property investors. They also touch on the idea that a crisis can present an opportunity.

Land Tax Situation in Victoria

• The recent land tax situation in Victoria has caused concern for property investors.

• Investors will be facing an extra $1500 or more due to the new land tax.

• Henry Ford's quote about customers paying wages is relevant to this situation.

Crisis as Opportunity

• Winston Churchill's quote about never letting a crisis go to waste is brought up.

• While not necessarily a crisis, some people do see the land tax situation as an opportunity.

• The speakers discuss hot spots and not-so-hot spots for investing.

Partnering with Property Managers

In this section, the speakers talk about partnering with property managers and share a quote from Eckhart Tolle.

Partnering with Property Managers

• When engaging a property manager, you become partners in managing your investment property.

• A quote from Eckhart Tolle is shared: "Worry pretends to be necessary but serves no useful purpose."

Overall, the speakers discuss two main topics: the recent land tax situation in Victoria and partnering with property managers. They touch on quotes from Winston Churchill and Henry Ford, as well as Eckhart Tolle.

Introduction

In this section, the speakers introduce themselves and discuss their interests in property investing. They also touch on the importance of understanding value and ROI.

Introductions

• The speakers introduce themselves and their interests in property investing.

• They briefly discuss the importance of understanding value and ROI.

Commercial Property Investing

In this section, the speakers discuss commercial property investing, including its benefits and risks. They also emphasize the importance of expert due diligence when investing in commercial properties.

Benefits of Commercial Property Investing

• Commercial properties are often cash flow positive from day one.

• Net yields for commercial properties can range from 6 to 10 percent.

Risks of Commercial Property Investing

• There are risks associated with commercial property investing that should be de-risked as much as possible.

• Expert due diligence is crucial to minimize risk when investing in commercial properties.

Importance of Expert Due Diligence

• The speakers recommend hiring professionals to help with expert due diligence.

• Steve Policy is introduced as an example of a professional who can provide expert due diligence services.

• Steve's experience and skills make him an ideal partner for those looking to invest in commercial properties.

Conclusion

This section concludes the video by summarizing key points and emphasizing the importance of expert due diligence when investing in commercial properties.

Key Takeaways

• Commercial property investing can be lucrative, but it comes with risks.

• Expert due diligence is crucial to minimize risk and maximize returns.

• Hiring professionals like Steve Policy can help investors make informed decisions.

Final Thoughts

• The speakers encourage viewers to treat property investing as a business and to seek out expert advice when making investment decisions.

Investing in Australia and Commercial Property

In this section, the speakers discuss investing in commercial property in Australia. They talk about how to approach investing from an investor's perspective and how to make sure that the investment is cash flow positive from day one.

Benefits of Commercial Property Investment

• It's beneficial to see someone else's view on investing.

• Value translates to any market.

• Cash flow positive from day one.

• Massive net yield with an ROI return between 6% to 10%.

Risks of Commercial Property Investment

• Overcapitalizing can be a risk.

• De-risking your investment as much as possible is important.

Expert Due Diligence

• Hiring professionals for due diligence is recommended.

• Steve has over 1200 property transactions under his belt.

The Land Tax Thing

In this section, the speakers discuss land tax in Australia and its impact on investors.

Understanding Land Tax

• Land tax is a way for the government to try and get us out of what we've been doing with property investing on the market today.

• It is virtually a way for the government to most comprehensively get revenue from investors.

Expert Insights on Commercial Property Investing

In this section, the speakers discuss expert insights on commercial property investing in Australia.

Expert Insights

• Steve draws on his analytical and mathematical skills to provide expert insights.

• Steve has written a book on commercial property investing.

• The Geelong market is a good place to invest in commercial property.

Due Diligence for Commercial Property Investing

• Due diligence is important when investing in commercial property.

• Finding the best properties in the best locations is key.

• Avoiding mistakes is crucial when investing in commercial property.

Conclusion

In this section, the speakers conclude their discussion on commercial property investment in Australia.

Final Thoughts

• Commercial property investment can be lucrative if done correctly.

• Hiring professionals for due diligence is recommended.

• Understanding land tax is important for investors.

• Expert insights are valuable when making investment decisions.

• Doing due diligence and avoiding mistakes are crucial for success in commercial property investment.

Introduction

The speaker talks about the rental crisis and how it is not just a rental crisis but an affordability crisis.

Rental Crisis vs Affordability Crisis

• The speaker noticed that even though there was a lot of media coverage on the rental crisis, there were no actionable solutions to solve the problem.

• The speaker realized that the country was in billions of dollars of debt and that we are in an affordability crisis.

• Tenants have to come up with more money now to secure property, which makes it difficult for them.

• Increasing rents is not good policy.

2021 Boom

The speaker talks about the boom that happened in 2021 and how it affected Geelong's property market.

Geelong Property Market Boom

• There was a boom that happened over COVID which hurt everyone.

• Newer investors started seeing opportunities in Geelong's property market.

• Geelong has always had potential, but it was seen as the ugly cousin to Melbourne.

Debt Crisis

The speaker discusses how Australia is facing a debt crisis and how this affects housing affordability.

Housing Affordability

• Australia is facing a debt crisis, which makes housing unaffordable for many people.

• Properties are sitting on the market for too long, which is not sustainable.

• Investors want to be close to amenities and have clean, well-maintained properties.

• The cost of buying a property is not sustainable for the majority of people.

Geelong's Potential

The speaker talks about Geelong's potential and why it is a great place to invest in property.

Investing in Geelong

• There are affordable properties available in Geelong.

• Geelong has a lot of potential for growth and development.

• Geelong is an amazing place to live with many opportunities available.

Conclusion

The speaker concludes by summarizing the main points discussed in the video.

Key Takeaways

• Australia is facing an affordability crisis due to its debt crisis.

• Increasing rents is not good policy.

• There was a boom that happened over COVID which hurt everyone.

• Investing in Geelong has a lot of potential for growth and development.

Geelong Real Estate Market

In this section, the speakers discuss the current state of the real estate market in Geelong and the challenges faced by renters.

Challenges Faced by Renters

• Renters are looking for actionable and realistic solutions to address their needs.

• Vacancy rates are increasing, leading to billions of dollars in debt that must be paid back somehow.

• The government may need to step in to provide financial assistance, but it will be challenging to find the necessary funds.

• Discrimination should not be tolerated when addressing these issues.

Why is Geelong a Great Place for Real Estate?

• Geelong has always had potential but was seen as the "ugly cousin" to Melbourne.

• However, recent developments have made it an attractive location for real estate investment.

Increase Your Rents Event

• The speakers are hosting an event called "Increase Your Rents" on June 14th in Geelong.

• The event will feature six speakers discussing why Geelong is a great place for real estate investment.

• Tickets cost $30, and proceeds will go towards a charity called Friends in Need.

Increasing Houses in the Area

The speaker talks about the increasing number of houses being built in the area and how some areas have vacancies.

New Houses Being Built

• The speaker mentions that there is an increase in the number of houses being built in the area.

• They explain that as they go further out, all these houses have just been built, and there are vacancies in some areas.

• Geographic boundaries are mapped out based on suburbs to help with building houses.

Demand for Housing

• The speaker believes that when demand gets built up enough, more land will be released to build more houses.

• They mention a live event where they will discuss house and land packages available for purchase.

• The speaker explains why someone would pay more for an older property when they can buy a brand new one at roughly the same price.

Armstrong Creek and Lara Areas

• The speaker shares their thoughts on Armstrong Creek and Lara areas.

• There is a lot of interest in Armstrong Creek due to five and a half billion dollars of infrastructure projects going into the area.

• Construction costs started going up, so it then started not making sense to build closer to Melbourne.

Real Estate Investment Opportunities in Geelong

In this section, the speaker discusses the potential for real estate investment opportunities in Geelong and surrounding areas.

Growth Corridor Development

• The growth corridor development will include a thousand houses that are exactly the same.

• The corridor will connect with the current Northern suburbs.

• As demand builds up, more land will be released within 15-20 minutes of Geelong.

• There is also development happening next to Batesford.

Investing in Golden Plains Shire

• Golden Plains Shire is becoming an attractive area for investors due to short-term growth opportunities.

• Over time, prices are expected to remain stable as new properties are released at roughly the same price.

• As more people move into the area, demand for lifestyle amenities will increase.

Renovating Properties

• The speaker shares their experience renovating a property in Armstrong Creek and investing in Golden Plains Shire.

• They bought a property for $365k and spent over $200k on renovations.

• The last valuation was $1.25m due to increasing rent prices and renovation efforts.

Overall, there are several real estate investment opportunities available in Geelong and surrounding areas such as Golden Plains Shire and Armstrong Creek. With new developments being built and increasing demand for lifestyle amenities, these areas have potential for short-term growth and long-term stability. Renovating properties can also be a profitable investment strategy.

Labor and Growth Corridors

In this section, the speakers discuss their experience with building properties in growth corridors and how they approached it as investors. They also talk about the importance of considering supply and demand when investing in property.

Building in Growth Corridors

• The speakers discuss how they saved on labor costs by doing some of the work themselves.

• They mention that building in a growth corridor is a more stable way to invest.

• The speakers talk about adding extra rooms and external features to their properties to increase their value.

Supply and Demand

• The speakers mention that they gained perspective over time about which build is going to go down next.

• They discuss how vacancy rates fluctuate based on supply and demand.

• The speakers emphasize the importance of looking at supply and demand when investing in property.

Geographical Boundaries for Property Investment

In this section, the speakers discuss how they approach thinking about geographical boundaries when investing in property.

Thinking About Geographical Boundaries

• The speakers talk about picturing an area in your mind before investing there.

• They mention considering factors like water sources, houses, and distance from main areas when thinking about an area's potential for growth.

• The speakers discuss how they eventually decided to focus on certain areas like Lara as part of their investment strategy.

Investing in Property

In this section, the speakers discuss their experience investing in property and the importance of location.

Investing in Golden Plains Shire

• The speakers invested in Golden Plains Shire because they saw growth opportunities over the next 10 to 15 years.

• Location was important for them as it is where they live and have invested a lot of money.

• They bought a 13.5-acre land with a farmhouse on it for $365,000.

• They are renovating the farmhouse at the moment.

Renovating Trash into Treasure

• The speakers bought a property that looked like trash from outside but had potential due to its location and good land.

• They renovated it and made it look amazing from inside, spending more on things behind closed doors that people don't usually see.

• They bought it for $365,000 and expect to sell it for $1.25 million after eight years of renovation work.

Importance of Location

• Geelong is starting to expand out, making investing in property there an attractive option.

• More people are looking for lifestyle options when buying properties.

• Location was crucial for the speakers when investing in property.

Selling Investment Property and Re-strategizing Investments

The speaker talks about selling their investment property, which had been rented out, due to the complexities of managing it. They discuss re-strategizing their investments by diversifying and looking for more cash flow positive properties.

Selling Investment Property

• The speaker sold their investment property that had been rented out due to the complexities of managing it.

• They decided not to put all their eggs in one basket and are now re-strategizing their investments.

• The speaker mentions that they had a great experience with the investment property but it's time to move on and re-strategize.

Re-Strategizing Investments

• The speaker discusses re-strategizing their investments by diversifying and looking for more cash flow positive properties.

• Instead of having all their eggs in one or two Farmhouses, they are now going to look at more affordable pockets in Geelong.

• They plan on renovating a property they recently bought 13 minutes from Geelong and buying more cash flow positive properties.

Factors Considered When Purchasing an Investment Property

The speaker talks about the factors they considered when purchasing an investment property.

Location

• Location was important when considering purchasing an investment property.

• They wanted to be in the 3216 area as it is a popular area that generally gets looked at.

Budget

• The speaker had a budget of what they wanted to spend.

• They knew what they wanted to spend but also considered the advice of their accountant.

Property Condition

• The property from the outside looked like a pain in the backside, but when they walked in, it was amazing.

• There were properties that people weren't looking at due to their condition, but there were also super affordable pockets in Geelong.

Property Investment Opportunities in Geelong

In this section, the speaker discusses property investment opportunities in Geelong and provides insights into different areas that are worth investing in.

Growth of Belmont Area

• The Belmont area has experienced significant growth over the past 10 years.

• There has been a good height growth in the area, making it an attractive option for investors.

• Despite the growth, there are still opportunities to buy properties in the area. However, yields may not be as high as other areas.

Property Investment Opportunities

• Affordability is key to attracting great renters.

• Geelong West is another area with investment potential.

• Cryonore Lane Lara is also an affordable pocket worth considering for investment.

Finding Tenants

• Quality of tenants can vary depending on location and affordability.

• Investors should consider units and townhouses as well when looking for rental properties.

Overall, there are several areas within Geelong that offer property investment opportunities. Investors should consider factors such as affordability and quality of tenants when deciding where to invest.

English Geelong Market Analysis

In this section, the speaker discusses the Geelong market and its potential for investment. They talk about different areas within Geelong and their affordability, vacancy rates, and yields.

Subdivided Properties in Newcomb

• The vendor has decided to subdivide properties in Newcomb.

• There are still opportunities to buy properties in that area.

• The vacancy rate has remained low.

• Three-bedroom one-bath properties can be found for 370 to 400 per week.

Affordability of Properties

• Yields of about 4.5 to 5 can be obtained depending on the property.

• Properties can still be found in the 450 range but may require work.

• If a property is slightly updated and clean, it can yield up to 370 to 400 per week.

• A gross yield of 4.3 is possible if buying at the 450 range.

Infrastructure Spending

• Upgrades have been happening around the area with a lot of focus going into building units and townhouses.

• There have been investments made in creative arts and other things like that.

Investment Opportunities

• There are still opportunities available for investors even if they need to pay more for it.

• There are pockets within pockets of investment opportunities in Geelong.

• The speaker suggests asking the council or government where they would put 400,000 to 450,000 for infrastructure spending.

Getting People Back in the Office

In this section, the speakers discuss getting people back into the office and how it affects productivity. They also talk about trends in buying solutions.

Productivity from Home vs. Office

• People are generally more productive from home but not if they want to finish work.

• There is a disparity between working from home and working in an office.

• Working from home has changed the way people look at things.

Trends in Buying Solutions

• Even if it's a couple buying a solution, they will pay more for it.

• People will look for a three-bedroom even if there's no value add on top of it because they want that extra space.

Infrastructure Spending

In this section, the speakers discuss infrastructure spending around Geelong and Melbourne, including upgrades and building apartments.

Commuting Infrastructure

• More people are deciding to commute again due to infrastructure spending.

• There is still that real exchange between Geelong and Melbourne CBD as well as surrounding areas.

• A lot of focus went into building council buildings that were going to be convenient as well.

Connecting Melbourne to Bellarine Peninsula

• The speakers discuss connecting Melbourne to Bellarine Peninsula through ferries or developing courier services.

Real Estate Trends in Geelong

In this section, the speakers discuss the new trends and thinking in real estate development in Geelong. They talk about how people are looking for more space and flexibility in their homes, as well as the impact of changes in the job market on housing demand.

Housing Demand

• The demand for housing is becoming really high due to an increase in nurses, doctors, and specialists needed in Geelong.

• There are a lot of people moving to Geelong due to its growing healthcare industry and other opportunities.

• The NDIS space is also growing in the Geelong region.

Changing Job Market

• Even if people don't work from home, they still want extra space for an office or side hustle.

• People are looking for three-bedroom houses instead of two-bedroom ones because they want that extra space.

• More people are deciding to commute from Geelong to Melbourne for work.

• The end of Ford and Manufacturing has changed the way people look at cars and transportation between Melbourne and Geelong.

Conclusion

Real estate trends in Geelong are changing due to shifts in the job market and increased demand for housing. People are looking for more space and flexibility in their homes, which has led to an increase in demand for three-bedroom houses. Additionally, changes in the healthcare industry have brought more professionals to the area.

Waterfront Development Potential

In this section, the speakers discuss the potential for development in Geelong's waterfront area and surrounding suburbs.

Potential for Development

• The speakers agree that there is potential for development in Geelong's waterfront area.

• Barwon Health has 7,000 employees and there is space for developing to happen.

• WorkSafe and Energy Australia have moved to Geelong from Melbourne, indicating growth potential.

• Forecast.id predicts that Greater Geelong will grow from 282 to 396 thousand people in the next 18 years.

Northern Suburbs Development

• The speakers note that there is construction already developing in Northern suburbs of Geelong.

• Short-term accommodation market has moved from CBD out into North Geelong due to construction workers coming from all different areas.

Negatives of Investing

• One of the biggest negatives mentioned is low rental yield compared to other areas like Western Australia or South Australia.

Investing in Property

In this section, the speaker talks about investing in property and how it can be a good strategy for building wealth.

Benefits of Investing in Property

• Investing in property can be a good way to build wealth over time.

• The city of Geelong is forecasted to grow significantly over the next 18 years, making it a potentially lucrative area for property investment.

• Adding value to a property through renovations or other means can increase its value and provide opportunities for profit.

• Short-term accommodation can be a good source of income from investment properties.

Challenges of Investing in Property

• Rental yields may not always be high, which can impact cash flow.

• Infrastructure and location are important factors to consider when investing in property.

• It's important to play the long-term game when investing in property, as values may fluctuate over time.

Introduction

In this video, the speaker discusses investing in property in Geelong, Australia. They cover topics such as rental yields, vacancy rates, and what to look for when becoming a landlord.

Investing in Property in Geelong

• The speaker believes that investing in property in Geelong is a good idea because it will attract renters.

• Vacancy rates are low in Geelong.

• It's important to invest in a location that won't leave your property vacant for too long.

• Rental yields are low but stable over a longer period of time.

• Horror rental stories are rare but possible.

What to Look for When Becoming a Landlord

• The speaker emphasizes the importance of building relationships with landlords and tenants.

• A thorough vetting process is necessary when processing applications from potential tenants.

• It's important to ensure that the tenant is suitable for the property and has long-term potential.

• The last thing you want is to put someone into your property for the short term and then realize they're not the right fit.

Investing in Property: Adding Value and Choosing the Right Location

In this section, the speaker discusses the importance of adding value to a property and choosing the right location when investing in real estate.

Adding Value to Your Property

• It's important to get rid of any damage on your property before renting it out.

• Long-term tenants are preferred, so it's important to invest in renovations that will attract them.

• Renovations can cost money, but they add value to your property and increase its worth over time.

Choosing the Right Location

• Look for locations where the numbers stack up and there is desirability.

• Consider infrastructure and other amenities when choosing a location.

• Legislation changes can affect rental yields, so it's important to research an area thoroughly before investing.

Conclusion

• Investing in real estate is a long-term game, so it's important to choose a location that will attract renters over time.

• Adding value through renovations can increase your property's worth and attract long-term tenants.

Pets and Tenancy Laws in Victoria

The section discusses the changes in tenancy laws in Victoria regarding pets. It highlights how tenants can now have pets, but landlords still have some control over the matter.

Changes in Tenancy Laws

• Landlords are now required to allow pets for tenants who want them.

• Rent increases can only be done every 12 months.

• A 120-day notice is no longer allowed for no reason.

• A 90-day notice can only happen at the end of a fixed-term lease.

Tenant's Responsibility

• Tenants argue that they have a human right to keep pets, but it comes down to accountability.

• Tenants still need to be accountable for their pets' actions and follow rules set by landlords.

Challenges with Pet Ownership

• Some tenants become "nightmare tenants" after getting a pet, causing issues for landlords.

• People's love for pets has increased over time, leading to more challenges with pet ownership and tenancy laws.

Property Compliance and Tenant Accountability

In this section, the speaker discusses property compliance and tenant accountability.

Compliance Requirements

• Compliance requirements have become more of a problem over time as people's love for investment properties has increased.

• Landlords have a responsibility to ensure that their properties meet compliance requirements, such as smoke alarms and gas changes every two years.

• Tenants have a right to live in safe and compliant properties, but they also have accountability for maintaining the property during their tenancy.

Safety Audit

• A safety audit is one of the compliance requirements that landlords must complete.

• Other compliance requirements include checking smoke detectors every 12 months, ensuring gas appliances are checked every two years, and ensuring switchboards meet minimum requirements.

Notice Periods

• Rent increases can only be done once per year under new legislation.

• Switchboards need to be checked every 12 months instead of six months.

• Notice periods have changed; landlords can no longer give a 120-day notice without reason.

• If tenants are on a fixed-term lease, landlords cannot ask them to leave until the end of the lease term.

Responsibility

• When buying an investment property, it is important to factor in compliance costs beforehand.

• The responsibility for fixing any non-compliant issues falls on the landlord during the first 12 months of ownership.

• Tenants may be responsible for damage caused by pets or other factors during their tenancy.

Painting Walls

• Tenants may be allowed to paint walls, but compliance requirements must still be met.

• Landlords should factor in the cost of repainting when putting together numbers for a property purchase.

Becoming a Property Expert

In this section, Scott Aggett, a property negotiator at Hello House, talks about the importance of being prepared when buying a property and shares his experience in real estate.

Importance of Being Prepared

• When purchasing a property, it is important to be fully prepared and not just rely on the real estate agent.

• Safety audits need to be done before buying a property, including checking smoke alarms and gas appliances.

• Switchboards need to meet minimum requirements and have residual current devices (RCDs).

• The Get Buyer Ready course by Scott Aggett is a step-by-step guide on how to become an expert property negotiator.

Negotiating for the Best Price

• Scott Aggett has been helping people buy their properties by negotiating with agents and saving his clients thousands of dollars.

• The Get Buyer Ready course offers a massive discount for those who want to learn how to avoid agent games and get the best purchase price.

Cost Considerations

• It's important to factor in costs such as compliance requirements when making an offer on a property.

• A full switchboard replacement can be costly but necessary if there are no compliance devices in the property.

Overall, being prepared and knowledgeable about safety audits, compliance requirements, and negotiation tactics can help buyers secure their dream home or investment property at the best possible price.

Real Estate Negotiation Tips

In this section, Scott Aggett, a real estate expert, shares his insights on how to negotiate the best price when buying a property.

Negotiating with Real Estate Agents

• Negotiating is a skill that can be learned.

• Knowing the value of the property you want to buy is crucial.

• Hiring a property negotiator can help you save thousands of dollars.

• Scott Aggett has been in real estate for 28 years and created the "Get Buyer Ready" course to share his knowledge.

Finding Properties at Different Price Points

• The course teaches how to find properties and analyze them for purchase.

• Property negotiation skills can help you get the best purchase price.

• Newcomb is cheaper than other areas due to demographics.

• Sign up for the "Get Buyer Ready" course with a discount using the link below.

Final Thoughts

• Learning negotiation skills can lead to better decisions when buying properties.

• Arbitrage opportunities exist in different price points and neighborhoods.

Introduction

In this section, the speaker introduces themselves and their role as a professional note-taker.

• The speaker is a professional note-taker tasked with creating a comprehensive and informative markdown file from a given transcript.

Discussion of Property Investment

In this section, the speakers discuss property investment in Geelong, Australia.

Marshall Area

• Marshall is an area that has been getting the best reputation over the last 10 years.

• It's a good location next to the growth corridor.

• There is a large land supply in Marshall.

• Small blocks are huddled together tightly at around $450-$500k.

• You can get about $480 per week return for something that you're spending upwards of $575-$600k for.

• It doesn't make sense when you're looking at it from an investment point of view.

Other Areas

• Newcomb and Whittington are suburbs that are cheaper than Marshall.

• Saint Albans Park was the first area mentioned. If you put $1 million in, you'll probably only get $1.5 million back. However, if you put $500k in, it could become more like the prestige area and you could get around $850k or even up to $1 million back.

Reasons for Investing in Certain Areas

In this section, the speakers discuss why certain areas are better for long-term property investment.

Top Picks

• The top three suburbs for long-term property investment are Newcomb, Nukem, and Breakwater.

Reasons for Choosing Certain Areas

Newcomb

• Newcomb has had consistent capital growth over time.

Nukem

• Nukem is cheaper than other areas but has good demographics.

Breakwater

• Breakwater is close to the city and has good access to amenities.

Conclusion

In this section, the speakers conclude their discussion on property investment in Geelong.

• The speakers emphasize the importance of doing research before investing in any area.

• They also mention that it's important to consider factors such as demographics, capital growth, and access to amenities when choosing an area for long-term property investment.

Understanding the Geelong Property Market

In this section, the speaker discusses different suburbs in Geelong and provides insights into investing in property in the area.

Investing in Marshall

• Marshall is a good location for property investment due to its growth potential.

• Local knowledge is important when investing in Marshall.

• It's recommended to visit Marshall and check it out before investing.

Other Suburbs in Geelong

• There are other suburbs with clear growth potential.

• Armstrong Creek has infrastructure and road issues that may affect property investment.

• Corio is known for its roughness, but there are pockets of opportunity for investment.

Tips for Property Investment

• Look at properties from an investment point of view.

• Use local knowledge to your advantage when investing.

• Understand what you're getting into before investing, including yields and vacancy rates.

Top Picks for Long-Term Investment

• There are many pockets within Geelong with capital growth potential.

• Value-add opportunities exist in certain areas and pockets within suburbs.

Overall, the speaker emphasizes the importance of local knowledge when investing in property in Geelong. They provide insights into specific suburbs and offer tips for successful property investment.

Understanding the Geelong Market

In this section, the speakers discuss the Geelong market and how it can be leveraged for rooming houses.

Rooming Houses in Geelong

• The speakers discuss how certain streets in Geelong are good for rooming houses.

• They also mention that some streets are bad for rooming houses.

• A question is raised about whether Geelong is good for rooming houses.

• A local from Geelong shares their opinion on the matter.

• The importance of local knowledge when it comes to rooming houses is emphasized.

Managing Rooming Houses

• One of the speakers talks about their experience managing rooming houses as a property investor.

• They caution that it's easy to get stuck in certain markets with high interest but low returns.

• The importance of understanding vacancy rates and yields is discussed.

• Tips are shared on how to manage overhead costs when running a rooming house.

Renovating Properties

• The importance of renovating properties before turning them into rooming houses is discussed.

• The risks associated with unrenovated properties are highlighted.

Conclusion

• Overall, the speakers emphasize the importance of understanding the nuances of the Geelong market before investing in or managing a rooming house.

Rooming Houses and Affordable Markets

In this section, the speakers discuss the topic of rooming houses and affordable markets. They mention a lady in Melbourne who created a business called The Room in It to facilitate choice for people looking to rent out their rooms. They also talk about the importance of seeking tax advice before investing in rooming houses.

Investing in Rooming Houses

• The lady in Melbourne created a business called The Room in It to facilitate choice for people looking to rent out their rooms.

• Seek tax advice prior to investing in rooming houses.

• There is a gray area on what that market is doing, so it's important to leverage what's happening for capital gains tax or principal place of residence exemption.

• Be vigilant when managing rooming houses as there are overhead costs and vacancy rates to consider.

Affordable Markets

• Ashley Goodchild over in Perth has been doing amazing work with spreading the word about affordable markets.

• Consider buying into mentoring markets because of whatever you know preconceived notions you have about affordable markets.

• People can't afford to pay high rents, so property management communities are trying to help spread awareness about more affordable options.

Helping with Exchange

In this section, the speaker talks about helping someone with exchange and facilitating it.

Facilitating Exchange

• The speaker is going to help someone with exchange.

• They discuss agreements and conversations between people regarding property.

• They talk about what property looks like between people who are choosing to live together.

• The discussion moves towards renting options and increasing profitability.

Strategies for Growing Your Portfolio

In this section, the speaker discusses different strategies for growing your portfolio.

Leveraging Assets

• The speaker talks about leveraging assets and how it can get a little gray area on what that means.

• They discuss how you can do more with what you currently have in terms of capital gains tax (CGT).

• The discussion moves towards buying more properties and strategic structures for growing your portfolio.

Unreal Session

• The speaker mentions that this session is going to be unreal regardless of whether you're just starting out or already investing in property.

• They encourage everyone to come to the event even if they're not sure about certain aspects of investing in property.

Considerations

• The speaker reminds everyone that there are many people watching and listening, so everything has to be taken into consideration when discussing investment strategies.

Real Estate Group in Geelong

In this section, the speaker talks about a real estate group in Geelong.

Rej Group

• The speaker talks about a real estate group called Rej Group in Geelong.

• They mention that Sophie from Rej Group is doing amazing work and knows the market well.

• The discussion moves towards how Sophie can help with spreading insight into the way things work in the property management community.

Perth

• The speaker mentions Ashley Goodchild over in Perth and how she does amazing work as well.

Understood, thank you for the detailed instructions. I will follow them to create a clear and concise markdown file that makes use of timestamps when available.

Introduction

In this section, the speaker introduces the topic of the video and briefly discusses what will be covered.

Topic Introduction

• The speaker introduces the topic of the video: "How to Build a Website."

• The speaker mentions that they will cover everything from choosing a domain name to publishing your website online.

• The speaker emphasizes that no prior coding experience is necessary to follow along with this tutorial.

Choosing a Domain Name

In this section, the speaker discusses how to choose a domain name for your website.

What is a Domain Name?

• The speaker defines what a domain name is: it's the address people type into their browser to access your website.

• The speaker explains that domain names are unique and can only be registered by one person or organization at a time.

Tips for Choosing a Domain Name

• The speaker provides tips for choosing an effective domain name:

• Keep it short and easy to remember

• Make it relevant to your website's content

• Avoid using numbers or hyphens

• Consider using keywords related to your business or industry

Web Hosting

In this section, the speaker discusses web hosting and how it relates to building a website.

What is Web Hosting?

• The speaker defines web hosting as the service that allows you to publish your website on the internet.

• The speaker explains that web hosting companies provide servers where you can store all of your website's files.

Types of Web Hosting

• The speaker discusses the different types of web hosting:

• Shared hosting

• VPS hosting

• Dedicated hosting

• The speaker explains the differences between each type and provides recommendations for which type to choose based on your website's needs.

Website Builders

In this section, the speaker discusses website builders and how they can be used to build a website without coding.

What are Website Builders?

• The speaker defines website builders as tools that allow you to create a website without having to write any code.

• The speaker explains that website builders provide templates and drag-and-drop interfaces that make it easy to design your site.

Pros and Cons of Using Website Builders

• The speaker discusses the pros and cons of using a website builder:

• Pros: easy to use, no coding required, affordable

• Cons: limited customization options, may not be suitable for complex websites

Conclusion

In this section, the speaker summarizes what was covered in the video and encourages viewers to start building their own websites.

Summary

• The speaker recaps what was covered in the video: choosing a domain name, web hosting, and using a website builder.

• The speaker emphasizes that building a website is easier than ever before thanks to modern tools like website builders.

Encouragement

• The speaker encourages viewers to start building their own websites today.