The Property Investor Playbook
Welcome to The Property Investor Playbook, your ultimate guide to building wealth through property investment. Hosted by Daniel Chadrawy and Lara Osborn, this podcast offers step-by-step insights into growing your financial portfolio through real estate.
Join us as we bring you in-depth interviews with industry experts, successful investors, and everyday Australians on their journey to financial freedom. Learn from those who have successfully navigated the path to prosperity and gain invaluable tips to kickstart your own investment journey.
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The Property Investor Playbook
From Bridesmaid Blunders to Property Prodigy - Paris' Blueprint for First Home Buyer Success - The Property Investor Playbook
Ever wondered how a 26-year-old finance whiz is making waves in the property investment world? Paris joins us in this episode to share her incredible journey, from her mother’s sage advice to leveraging government grants to secure her first property. We kick things off with a hilarious "Fast Five" game where Paris spills on her biggest achievements and a bridesmaid slip-up that's sure to make you laugh. Get ready to be inspired by her story and learn how her financial expertise is paving the way for an expanding property portfolio.
We dive into the nuts and bolts of property investment, starting with the importance of saving and managing loans effectively. Paris candidly discusses the financial discipline required to balance mortgage payments and rent, and how consistent saving can set you on the path to property ownership. Learn about the crucial steps of researching flood zones, pest reports, and infrastructure developments, especially in unfamiliar markets like Brisbane. The conversation highlights the value of professional advice and using data-driven strategies to make informed decisions.
Renting versus buying—what’s the real deal? We explore both sides of the coin through compelling guest stories, including one that saw a home’s value nearly double. Paris challenges the stigma around renting, showing how it can offer flexibility and financial benefits, particularly through rent-vesting. Finally, she shares why she believes property investment is a safer bet compared to stocks or cryptocurrency, and her ambitious plans to grow her portfolio. Tune in to gain valuable insights and tips from Paris's experience in the property market!
Welcome to the Property Investor Playbook. I'm Lara.
Speaker 2:And I'm Daniel. We're going to show you, step-by-step, how you can grow your wealth. Welcome back, guys. We have a special guest today. I'm excited to learn a bit about her property journey, her no regrets and everything. Lara, who are we seeing today?
Speaker 1:Yeah, we've got Paris on. She actually comes from a finance background. Interestingly enough, she studied accounting. A few years ago she also worked as a finance specialist.
Speaker 1:She has bought property before in Sydney, but we asked her a little bit about her next step in her journey. She's got there a little bit faster than she thought and, yes, like you said, she she's definitely got no regrets. So, yeah, I'm really excited to hear from her. She's doing a lot of research. She's learned from all of her mistakes the first time around she's making the most or she made the most of government grants and, yeah, she's ready to jump in let's get into it yeah hey.
Speaker 3:Paris.
Speaker 1:Hey, daniel, hello hi, how are you good? How, how are?
Speaker 3:you Hi, how are you Good, how are you guys?
Speaker 1:Good, good, good to have you on.
Speaker 3:Thank you, good to be here. Thanks for joining us.
Speaker 1:Yeah, I think we're going to do a little fun fast five kind of game to get started. So we've got a couple of questions. You'll have 60 seconds to answer, no stress.
Speaker 2:Let me get ready. Let me get ready.
Speaker 3:He's having me get ready before me, but I'm answering your questions, yeah.
Speaker 1:Are we good, mr Timer?
Speaker 2:is ready. Three, two, one shoot.
Speaker 1:What's your name and age?
Speaker 3:Paris 26.
Speaker 1:How many properties do you own?
Speaker 3:One.
Speaker 1:What's your biggest life achievement?
Speaker 3:Shit being on this podcast.
Speaker 1:You know what my hse mark, probably until now what's one thing about you that you've never told anyone?
Speaker 3:oh my god, I don't, I'm I don't know, I'm pretty honest I don't have anything.
Speaker 1:And what's your most embarrassing moment?
Speaker 3:um, when I slipped, when I was a bridesmaid walking into the entrance, you didn't, I did 31 seconds nailed it I don't know anything. I haven't ever told anyone hey what's your biggest ick? I'm very vocal about everything.
Speaker 1:I don't have anything tell us about the, the stack that you had as a bridesmaid oh, so awkward.
Speaker 3:So it was my cousin's wedding and like I don't know, like we just had a bit of a rowdy bridal party. So me being so it was my cousin's wedding and like I don't know, like we just had a bit of a rowdy bridal party. So me being like, and I was, I think, 17 and I just like I drank too much and then got a bit excited.
Speaker 1:Where was my invite?
Speaker 3:Got a bit carried away and then we were going in and my dress was really long and instead of picking it up like I was dancing and then I just got like my long and instead of picking it up like I was dancing and then I just got like my heel got caught on the back of my chest and I force stacked it. It was honestly like I actually can't play the song that I walked into it like after that yeah, I have PTSD, like I will not play the song.
Speaker 3:How funny, how funny what's this hc mark oh my, I'm not saying on the podcast it's so awkward, and you know how much shit my friends at school are gonna give me because I couldn't think of anything. I don't know what I'm proud of. Um, what about?
Speaker 1:your career studies like I don't know mix of things.
Speaker 3:I guess I'll be proud when I get my like third or fourth property.
Speaker 1:Put it that way, I'm not there yet I'm not there yet, we'll help, yeah, hopefully so you said you've got one property so far. Tell us a little bit about how you got into property and what made you buy a property to start with.
Speaker 3:So I've always said, like when I was younger and my mum always drilled it into my head, you know, you've got to try and build your property portfolio earlier. The earlier you can do it like, obviously the better. So that was always in the back of my mind. Obviously, obviously, seeing, you know, property value is always going up and coming from like a bit of a finance background, um, seeing that you can obviously, you know, get a lot of equity, draw out a lot of equity from your property, so I thought, you know, this is the best way to obviously build wealth, build income.
Speaker 3:Um, so my first goal was just to do something small, yeah, and a friend of ours was developing some properties and one of their unit box going up and there was a lot of government grants at that stage. Yes, it was kind of like out on the whim. Honestly, I decided in like two days before the cut off of the government grant and I had the deposit sitting there anyway, I just hadn't taken the leap to put it, to buy it yet, to secure anything, yeah, and it just made sense that it kind of ticked all the boxes for me and it wasn't too much of a stretch. So I just literally within two days, like signed, would you say.
Speaker 2:That's the knowledge around you. Getting all those grants and all that made the transaction a lot easier.
Speaker 3:Definitely like made more sense, like it gave me that extra push, because it was just like in my head it was like free money, like kind of like no student duty and you know all those grants that were going at that time. It was like pretty much they were giving out free cash, yeah.
Speaker 1:So I was like You've got to make the most of free money.
Speaker 2:Yeah, doesn't come around.
Speaker 1:I think, lara, I've been telling all our listeners knowledge around those grants.
Speaker 2:Getting into the market as easy as you can. Paris did that, so you go into the market as easy as you could, which allows you to get your first property. Yeah, and now you're sitting here maybe contemplating property number two. Would that be fair?
Speaker 3:yeah okay.
Speaker 2:So, lara, we were talking about this before on the previous podcast how all these grants or everything that you need to know, helps you into the market. Now, working backwards from if you're buying your first property and getting all that information, and then you want to have a plan to buy property number two, number three, number four if I throw you a question, paris to buy property number two was that ever on the cards? When you bought property number one, did you ever think you would get to two or three properties?
Speaker 3:It's definitely always been something like I wanted to get to how soon like I wanted to get to how soon I was planning on getting to it. I wasn't sure and I didn't think I'd get. Obviously, God willing, everything goes to plan. I didn't think I would be looking at that second property so soon afterwards, but I think, because I just hopefully made the right choices, it just made it easier for me.
Speaker 2:It's 100%, and I tell all my clients that you can buy three properties in five years, and it's a talking point around the office. So you're in that phase where you can buy three properties potentially in five years, which will hopefully set you up for the next 10 years of your life and that will allow you to do so many things, such as open a business, go on a long, long holiday, work less, and that's what property can do. Property is the driver there? Question to you, Lara what would you say to yourself I know we've spoken about this before all these grants and everything that you need to get into property, what would you do not differently? But what would you say to yourself to kind of have that planned forward? What would you plan for differently?
Speaker 1:Me personally, I think I probably would have got into the market sooner had I known at the time about all the grants that were available, and I probably wouldn't have looked for the perfect property for me. I would have treated it more as a stepping stone. And how can I maximize the grants? How can I get the most money out of those grants to get me into my first property? Because the less money that I need to put in, the more equity I can grow.
Speaker 2:So I've proposed you there that's great. So is there something there that would trigger me for Paris? If your mum didn't push you, would you buy property?
Speaker 3:Good question. Huh, it was, I think, a bit of both two factors One, me seeing, obviously, obviously my mum pushing the importance, and then also actually seeing like I was doing, kind of like my mum's kind of right hand man. So I do a lot of her finance stuff and I know what's going on, so I know when she's drawing equity on a property, for example. So I saw that right and I thought this is great. Obviously, servicing is a different thing, but you know, and then you know working in finance for for a short period as well, there's a lot of people obviously just chatting about it too, um, so just honestly going out myself my own like listening to podcasts, um, and just hearing, like everyone's feedback People my age that had started a bit earlier, that have already started growing their portfolio.
Speaker 2:Moral of the story start early, as early as you can just get into property. No matter how hard you may think it is, you can get into it. Question for you, Lara, Again. Yeah, I have a question for you Property market today would you say for young individuals 22, 21 year olds what's the first thing you would say you have to do?
Speaker 1:I think just start saving is honestly the first step, because if you can't commit to saving, then serviceability on a loan is gonna be very tricky for you, not only from the bank's perspective but from your, I guess, general day-to-day finance perspective. You're not going to know what it feels like to, you know, lose half of your pay and not be able to touch it, or more than that. At the moment, a lot of people you know have to put more than 50% of their weekly pay to a mortgage or to rent or to something else. So definitely start saving as soon as possible, and then that just kind of becomes a habit. And then from there, you know, look at your options. So talk to property professionals, start looking at real estate, look at some data in areas that maybe you've heard of or you know just kind up to date on what's happening in the market. That would be the first couple of things.
Speaker 2:I agree, paris now, property number two now. What are you thinking? What do you want to do now?
Speaker 3:What have you researched?
Speaker 2:more importantly, For me.
Speaker 3:I've always had the mindset that I want the property to work for me instead of me working for the property. So my first property wasn't something I was going to live in. I rented out straight away, tried to make sure it services itself, so it's not really big pressure on me. And then the second property is ideally going to be a bigger property, probably not in Sydney. How does that hit? Yeah, somewhere there's a bit of capital growth, because my first property was obviously smaller, limited in capital growth, but I was able to draw some equity on it, which was great to help me with this property.
Speaker 3:But yeah, I'm looking something interstate, something with obviously capital growth there, something that can potentially service itself. I know I'm going to put a bit on top of it, but not, you know, I'm not going for like a $2 million, $3 million property in Sydney for the same land size, because it's just not serviceable, not for me anyway at this stage. So, yeah, I'm just looking at something that is just going to be able, like the land value is going to grow itself, can service itself Maybe I'm obviously going to put down a bit on top and can service itself. Maybe I'm obviously gonna put down a bit on top and then you know, at least I have have that there for the future, for my options, depending.
Speaker 2:but definitely not something I'm gonna live in at this stage. Yeah, and we're all Sydney siders. So for us, buying something in Sydney at house, yeah, over a million dollars. Yeah, yeah, you can get into something in Brisbane, for example, close to CBD, maybe 20 25 K's out. You're're paying anywhere between 700 to 800 K for it. You're getting the rental that's gonna hopefully cover it or slightly negative. Yeah, in Sydney, you're negative straight away. You're buying a 1.3 mil property. You're getting maybe $600 a week in rents. Brisbane. You're getting close to similar kind of rental for less of value. So it is a smarter step. Going to the interstate level, what have you seen in terms of apartments, houses and townhouses Any kind of thing you prefer?
Speaker 3:In Brisbane.
Speaker 2:Anywhere, really. Oh, because you've got an apartment now, correct?
Speaker 3:Yeah, ideally I want to buy something with land Nice, yeah, like a house, just depends on the budget. And also like another thing to note, which is something I'm still navigating like, especially in Brisbane. If you're looking in Brisbane there's like a lot of flood zones and then there's, you know, you're building in pest reports, a lot of them come back and a lot of like old houses. So you've got to like take that into consideration. And then just the uncertainty, because you know, when you live in a certain place, you know it. Like if I was going to go by in Belfield, hypothetically, like it's down the road from me, I know that like what's going on in that area.
Speaker 2:You can touch and feel it.
Speaker 3:You know what I mean.
Speaker 1:You can drive past it every day if you wanted to, and I know what's going on.
Speaker 3:I know the type of people that are living there, I know the cafes that are there, I know what transport's like and whatever. But when you're like looking at something interstate, it's a bit more of an unknown. So I think you feel like you're taking more of a risk, even though it's supposed to be less of a risk, if that makes sense, do?
Speaker 1:you find that hard navigating those challenges whilst looking interstate and trying to understand flood zones, fire zones, old versus new, Are you finding it hard to navigate yourself?
Speaker 3:Yeah, I'm not going to lie. I've considered talking to someone in um, like a, someone like yourselves to help me. Maybe you're in, but, um, I'm just also taking it as a learning opportunity too.
Speaker 1:Yeah, so yeah what type of research are you doing at the moment to help you with this next stage of your property journey?
Speaker 3:um, this is gonna sound so dumb. Don't put this in the podcast.
Speaker 1:It's going in. Yeah, yeah, yeah.
Speaker 3:Like honestly, I've been looking at all the reports, like the Olympics, where they're putting the infrastructure up. There's a website that I used pretty much shows me what has been sold recently, how much percentage of the people are on the rental market.
Speaker 1:What website is it?
Speaker 3:I can't remember the name, I've got it in my favourites. But it gives you like a percentage of how much of the street or the market in that area is like on rental and how long it's been owned for average hold time. It gives you pretty much a good indication, a statistic, of what kind of area it is. I think you need to do that if you're going to be buying interstate, because I know what North Strathfield's like but I don't know Good research yeah definitely. That is like this girl's taking my job.
Speaker 1:Have you been looking at that kind of research for long, or only since you made the decision to invest again? Yeah, no only while. I've been looking at that kind of research for long, or only since you made the decision to invest again?
Speaker 3:Oh yeah, no only like only while I've been looking, because I'm hopping from areas like I'm a bit of yeah, like one week I'm really busy at work so I'm not looking, and then the next week I'm like I'm deep diving and then I'll go to put in an offer and the bloody property is snatched up again I'm like how annoying.
Speaker 2:Yeah, and up again. I'm like, yeah, I think a lot of our listeners have the same kind of thing. That person, they'll look, they'll stop, they'll start again, they'll stop, yeah. And before you know, six months goes by.
Speaker 3:They're like oh, my god, that's literally me yeah, like I'm hitting myself because I'm looking at like areas that I was looking at, yeah, and it's going up and I'm like could have made 200 grand in six months because I was like too busy, but anyway well don't put that in the podcast either guys, you and others like you would really benefit then from speaking to professionals in general.
Speaker 1:But obviously, liberty, I'm here. Hi, daniel, see you, give him a call um, daniel when did you get your?
Speaker 3:first property. How'd you get your first property? How did you buy your first property?
Speaker 2:How did I buy it?
Speaker 2:Yeah, you got all the questions, good one Okay so, as everyone knows, I came from a poor family, so I wanted to buy a property as soon as I could. So when I got my first job At the bank, I saved as much as I can. I was 20 years old, I believe it was. I went to this auction in Liverpool. I was actually the finance person for it. My customer got called fee. I'm like it was a rainy day. We went inside the house to do the auction and no one was bidding. I'm like man 620 no one's buying this house.
Speaker 1:I'm like I'll put my hand up.
Speaker 2:I'll give it a shot. I was terrified, yeah. Um. So I was 20 years old there. Um I came back home, my parents kind of goes you bought a house without telling us I'm like it's a good opportunity. I did all my research for my customer yeah, and I think it was there.
Speaker 2:So I put what I learned into um practice and it was three months later. I settled the property fast forward to this day, 20 years ago. So what, nine years later, that property is now worth almost double. Yeah, my first one. So that allowed me to kind of do a. But if I do that risk or didn't put myself in that risky situation, yeah, I would never yes, I'll opportunity.
Speaker 1:Sometimes it's just about taking that, that first step and that leap. Like you said, you, you kind of made that decision within two days you have the deposit ready and then two days later you were like done, I'm buying.
Speaker 2:So but you have to put yourself in those uncomfortable yeah and when you talk to these guys like the finance person, even people like myself, you may feel a bit um scared or I don't want to do this, I don't want to do that. But if you have this conversation, you start learning. Yeah, it can be fun yeah it can be fun. I'll make it fun, it can be fun.
Speaker 1:Yeah, my story was a little bit different. I was looking for so long long. Mine is not a split second decision or a two day decision. My partner and I were saving throughout COVID and we were actually ready to buy before COVID and then when COVID hit, it changed everything. So then we kind of just dragged it out and then, as time went on, our needs changed because we knew that we were going to live in the property. So we started looking from apartments to townhouses and villas and we ended up with a duplex because we knew we were getting closer to the stage of having a family. We needed more space. But you mentioned earlier with your apartment that you never wanted to live in it. Did you live in it at all? Just for a little bit of time, like six months or something.
Speaker 3:Yeah, for the initial phase.
Speaker 1:Yeah, and then rented it out.
Speaker 3:Yeah.
Speaker 1:And you're still. Are you renting somewhere else now?
Speaker 3:Yeah, yeah, at the moment I'm renting, I'm just by myself, so it's not too bad.
Speaker 1:Yeah, so you're rent-vesting.
Speaker 3:Yeah, pretty much at the moment it's not to do, but yeah, I'm doing it living by yourself no renting look.
Speaker 2:Um, they say renting's a bad thing, like everyone says. Everyone tells me this yeah, so if you were to, what do you want to live there? Give me an area. What's your ideal area in the world? Keep it in sydney, maybe I was gonna say I just live.
Speaker 3:I like where I live now. I like I live in strathfield. It's easy, it's 12 minutes to the city, are?
Speaker 2:you in a house.
Speaker 3:Now I'm in an apartment.
Speaker 2:Okay, how much would that apartment cost if you were to buy it?
Speaker 3:I reckon $7,750.
Speaker 2:Perfect, and if you were to buy that property and $750 and you put your deposit onto it, maybe $100,000 down payment, all that kind of stuff. You're still probably paying close to maybe $900 to $1,000 a week in mortgage repayments Plus everything else, plus the strata, everything else that comes with it.
Speaker 2:If you were to rent it, you'd probably save yourself $300, $400 a week minimum. Plus your down payments are with you. You still have your savings. So everyone keeps saying that renting's a bad thing, but if you're living in an area that you want to live in, nothing's bad about it.
Speaker 2:I can't wait to live in an area like straffield, if I was to buy a house in straffield. That's a lot of money, yeah, but renting I can afford that, I know I can afford that. So they're the things that, um, people don't know more about.
Speaker 2:But if they can educate themselves around that and say, and getting that stigma away from renting is a bad thing, it's not bad keep buying use your money to buy properties and to say, get three, four of them before you know, even if you want to, in 20 years time, sell all of them, I'm sure you got some money from them. Or draw the equity, buy your dream property.
Speaker 1:Yeah.
Speaker 2:That's my plan.
Speaker 1:Have either of you ever been nervous? Because I've never rented. I went straight from living at home with my parents to moving into the house that I bought. Have either of you ever, I guess, been nervous about renting, in the fact that you could be I don't want to say kicked out, but you could be, you know told that your lease is ending and you need to find somewhere else by a certain date, Like, how does that make you feel you first?
Speaker 3:Well, I only just started renting, so I'm new to it and I definitely don't like it. Just because I feel like there's a bit of like lack of freedom one, and there also is that like like just that sense of like uncertainty that you're gonna have to leave at some point, um, but like also in saying that it's always good because if you get sick of the place, you just pick yourself up and leave. Yeah, you can't do that at your house, so trial and error.
Speaker 1:Yeah, like you can just move a different area like you know um.
Speaker 3:So that's, that's always good.
Speaker 2:So I guess it's just like yeah, yeah, I have the opposite, like I like renting because I know that I'm not stuck down to living in that one property. So if I want to say I want to go move near the beach, I can go do that, yeah. If I want to say I want to get move closer to the rural area, I can go do that. Yeah, have my own house. I know I'm paying for that. It's a big mortgage. I'm living in it yeah, so for me, as we're all young here.
Speaker 2:I don't want to be stuck in a house forever. That's what our parents do. That's what everyone else is trained to do, if we do something a little bit different who knows it may pay off.
Speaker 1:Yeah, definitely, if you've strategised a little it will, if you've bought in the right areas, and then the renting side will all make it come together, the thing about it if you've got three properties and you're putting down like maybe 60k down payment each one of them.
Speaker 2:They're all growing in value. They're all growing in 10-12%. The Olympics this is the biggest one. The Olympics is coming to Brisbane, yeah, so all these international investors are going to come to Brisbane. They're going to see how nice it is, the city, water, amazing. Yeah. So like, well, I'm not letting this opportunity go, I want to buy this.
Speaker 2:Yeah, and before you know, like in five to ten years time, there'll be less properties on the east coast of australia. Where there's, we can't be close to the water anymore. Yeah, so everyone's building infill, so they're going more and more inland. So before you know it, we're moving an hour away from any kind of water. And like we live in a beautiful country, we're an island, yeah, at the end of the day. So if we can properties, even interstate that we can't see them, but we know it's there at least we can slowly get that capital growth in the areas where the water is. And if you look at the function of Sydney, people didn't want. I could ask my parents. They didn't like places like Maroubra, they didn't like the beachy suburbs, they thought it was yuck.
Speaker 3:Bondi, look at it now. Bought near the water, right. So, like all of us, we all live like west. Yeah, if they want to, they should have bought water, because they will be laughing now.
Speaker 2:It's okay, but you're exactly right, you're exactly right. So the same thing happened to brisbane. Like these guys want their big land, like in infill, but if we can go to the water at the end of the day it's so nice being 10 minutes of the water, or you can. Your backyard is the water yeah if you can buy it now and you can afford it, do it yeah the long term. There's no long-term risk.
Speaker 3:Yeah, you're buying close to the water yeah, unless unless it floods, then you start barbing like you're good, see the good, see the positive. I'm just saying, I'm saying I'm giving, I'm giving you $100, that's right.
Speaker 1:I don't know how you bought property. Everything you find is so negative. No, no, no, no, no.
Speaker 3:Like there's definitely pros. You can get a property in Brisbane, like next to the water, for like a million dollars. You can't do that here.
Speaker 1:Yeah, definitely not, or you'd be in a little shoebox.
Speaker 3:Yeah, literally like a one studio or something.
Speaker 1:Definitely. Yeah, I want to ask. I'm just curious. I've also been through First Home Buyer. You know all of the good and bad that goes with it but, what's, I guess, like your top three, kind of I don't know learning points from buying your first property and what would you do different next time?
Speaker 3:top three? Um, because I didn't have much time to think about it. I think you definitely do a bit more like research would be good. Um, in the sense that, like, first thing, if it's an investment property, always check what you're going to get as rental. Like, make sure that you're you know what your servicing is going to really look like and how much your rental is going to be. Yeah, um, it's also good. Like, sometimes there's not a big difference between, like, a two-bedroom or a three-bedroom apartment in relation to how much rent you're going to get, but there's a big difference in the price of the actual property, which I found was strange. I never did that research before.
Speaker 3:And then the last thing is just try and maximise every dollar you can get from the government for your first property. I always knew that I wanted to get the first-time owner's grant and the stamp duty and everything. I wanted to make sure that at least I can cover those bases. Sometimes people you know, like in the, they're in different positions or stages in their life, like where they're getting married, for example, and the both of them need to buy the like want to buy a property together. Yeah, um, so it just depends, I guess, obviously, what stage you're purchasing by yourself. See if you can maximize how much all the grants, yeah, um, yeah, rent. See what your rental return is going to be. Um, and then also see, do that research just to make sure, like, what you're paying is good value. Um, you want a job here?
Speaker 2:yeah, why not?
Speaker 1:I mean you've got the finance background, jump right in this is actually my job interview. That's why I said yes say goodbye to your day job. Bye, yeah, so do a bit more research on the value of the property and kind of forward thinking yeah, look at what growth, what growth opportunities it has to look at your rental returns and what you could get for the property and maximize your first home buyer grants right yes, and strata, oh, you make sure you check how much your strata is going to be yeah, was strata a shock to you?
Speaker 3:um, not really like I didn't really account for it when I first think, like when I first but I'm pretty like I think I don't know the apartment I am better not actually rewind it's make sure, if you're going to get investment property, that you've got a good strata company. Yeah, on that property. If you're buying a unit because that is a big thing with rent, I think anyway, like for me, the next property I'm going to go for, like, go rent. If I'm going to rent somewhere, you want to make sure that the strata is taking care of the building, because I think that adds a lot of value to what you can get for rent. Personally, that's in my opinion. I don't know if that's a fact, but I think from my perspective it should be. That's what I look at anyway.
Speaker 1:Yeah, I mean I agree with you when I was looking at like apartments and townhouses. There's so many different opinions out there on you know what strata company should be managing and you should only go with this strata. Come like, make sure that the building only has this strata company. And then I had other friends that were saying, make sure that it's, um, a self-managed strata, you know, managed by residents. What do you think, daniel?
Speaker 2:strata wise strata is a good thing. That's why if you are to buy an apartment or townhouse, you want to go as close to new as possible. Yeah, it's safer, there's warranties, it's an easier to level strata. So my kind of strategy for anything apartments, townhouse or strata levies try and be as close to new as possible yeah, safest risk out there, yeah, and then there's other benefits that come with buying new as well 100 100%.
Speaker 1:But yeah, definitely Strata. It's a big one, agree.
Speaker 2:Yeah.
Speaker 1:Do you have any regrets in your property journey so far?
Speaker 2:No.
Speaker 1:No regrets.
Speaker 3:No, not yet I like it.
Speaker 1:Yeah, that's good.
Speaker 3:Not yet, no, Not yet you won't.
Speaker 3:I don't think so. I think honestly, like buying property is like I know people don't want to hear this, but it's a gamble at the end of the day. Like it's, it's like buying stocks. Do you know what I mean? Like you don't know what you're not assured the value is going to. It's obviously a more, a stronger asset and it's something that you can, is backed and it's you know. It's not like a company, but like. I think you've got to take it a bit more lightheartedly. I know people, you know everyone works really hard for their money, but you can't like I don't think you should like depend your whole life onto it.
Speaker 1:That's all.
Speaker 3:Yeah.
Speaker 2:See, I think that property is the safest asset class in the world.
Speaker 3:I agree on that. Yeah, I agree on that.
Speaker 2:If I was for money anywhere. I'm from the strength of property. If I can buy as many as I can in three and five years, I'm doing that straight away.
Speaker 1:Yeah, yeah, no, it's definitely the safest. It is the safest. Yeah, I mean all of them. Like you said, all of them are a gamble. Anytime you're investing, buying stocks, buying crypto, whatever it is that people are buying at the moment, it's all a gamble.
Speaker 3:But um property is definitely, it's definitely the safest.
Speaker 1:Yeah, yeah, all right, well, thanks for coming on Paris. It was really good to chat with you. Thanks for sharing a little bit about your journey, some insights, and you know your not regrets. You have no regrets that's amazing to hear. We're still early in the journey, so we'll see hopefully we'll have you back on when you're at, you know three and five years yeah, maybe you'll be part of Liberty property group.
Speaker 3:Let's do it.
Speaker 1:Newest team member Thank you.
