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Well in today’s epic show we are joined by the unrivalled king of Australian suburb predictions, John Edwards the founder of Residex. John is the holder of some very valuable information that we as investors would all love to get our hands on, I’m talking about the holy grail of property investing, how to uncover up and coming suburbs.So have your pen and paper ready, because today’s episode is full of practical tips and timeless wisdom from a true giant of Australian property investing.
SHOW NOTES
2:40 Maths, science and the unexpected twist that led to Residex
8:15 How to predict up and coming suburbs
10:24 The most common mistakes people make and how to avoid them
10:58 If it works without tax, it works with tax
11:33 The right mentality to have when buying a property
14:19 The greatest investment you will make in property
22:04 The philosophy behind Residex statistics and analysis
22:26 How history repeats itself – the past events that are happening again to us now
24:24 Why it’s important to educate and keep yourself well informed
25:05 When the boom ends, rental yields take over
27:30 The ripple effect, the misconceptions, and how to identify that it’s occurring
30:24 How much does gentrification play a role in suburbs rise in value
36:50 The X factors and other effects on the growth of a suburb
40:50 The negative effect of development on a suburb
41:50 Residex tools/reports: Which reports to use and what order
49:15 Why it’s now so important to think about the international position
56:45 What to watch out for in the future
1:00:15 John’s tips for those starting out
When your starting, there’s no real replacement for personal exertion, this can deliver you more than anything else that you can do.” – John Edwards
Don’t think about tax. Think about tax last. The investment works without tax, then it’s going to always work with tax.” – John Edwards
Every market that you can put your finger on, when it actually booms, it usually overdoes it because the population isn’t constantly being well educated.” – John Edwards
RESOURCES AND LINKS
- On the House Website
- Residex Website
- Residex State Market Report
- Residex Top 100 Predictions Report
- Residex Best Rent Report
- Residex Renovators Report
ALSO MENTIONED
- ResiSpread – For more information contact Residex. For Sydney: +61 2 9409 0333 /Australia wide: 1300 139 775
- The Annual Supplement Report mentioned in this episode is exclusive to subscription holders and delivered to you for the state you hold a subscription to. It looks at long term growth rates for every suburb and provides annual growth rates over the last 5 years. This Report will tell you where every suburb is in its housing cycle.
TWEETABLES
[bctt tweet=”In every market cycle, up or down, there are suburbs that are doing well.”]
[bctt tweet=”A population’s reactions to things doesn’t really change from one generation to the next.“]
[bctt tweet=”Gentrification – It can sometimes take 2 or 3 generations before a suburb takes off!“]
