Finding tomorrow’s hot property, TODAY

Affordability Lies

Affordability Lies

 

My business, which publishes the Hotspotting.com.au website, has a pretty simple philosophy in the pursuit of success: if we make our customers happy and/or satisfied, we’ll be successful.

The idea is to be helpful to people trying to achieve an objective – for example, finding a good location to buy a property to achieve a good rental return and capital growth over time.

The philosophy is: if we’re helpful to people, they’ll become our customers and the business will be successful.

In my experience, most businesses have approaches which are similar – if they provide good products and service, their customers will be happy and they will be successful.

BUT … News media is different.

The business model pursued by most forms of mainstream media is that they can make money by making people feel bad.

Media organisations set out to profit by alarming people.

The media picture of the world is one of wars, climate disasters, mass murder and tragedy.

When it comes to real estate, the approach is similar. They figure that if they startle us, alarm us, cause us fear and consternation, we’ll click on stuff. And then they’ll be able to sell advertising based around all those fear-inspired clicks.

The motivation is not to be help us or to inform us.

And so, when it comes to housing affordability, media has no desire to be helpful.

The objective is to tell everyone, yet again, that home ownership is impossible.

And they do it, aided and abetted by attention-seeking research companies, by being essentially dishonest.

Media outlets could, if they wanted, be truly helpful to young Australians contemplating home ownership for the first time. They could provide information on where to find affordable homes, how to get finance, the government grants and concessions that can help – and the alternatives to houses on land which are cheaper options.

But, by and large, they don’t.

What they do instead is present a package of dishonest or irrelevant information which creates the inevitable conclusion: you’re doomed to a lifetime of renting, or it will take you 15 years to save a deposit, so why bother.

Media is full of this stuff. It doesn’t matter how many times media outlets run the “home ownership is out of reach” headline, journalists figure that we have an insatiable appetite for being given this same sad message over and over again – almost daily.

Being bashed relentlessly with the same depressing story is bad enough but the worst of it is that media outlets are being dishonest with us.

What they’re presenting is an irrelevant collection of statistics when arrives at a pre-conceived conclusion – that home ownership is out of reach – Shock! Horror! Outrage!

The formula they use is this … the median price in our biggest and most expensive cities, always houses and never the cheaper alternatives like units and townhouses, and always a 20% deposit.

If you use that set of criteria, you will probably always come up with a negative conclusion.

But it’s all irrelevant information.

First-home buyers don’t purchase at the median price in big cities. They buy in the lower price ranges.

Many opt for attached dwellings, rather than detached houses, because it suits their lifestyle preferences and of course they’re often half the price of houses in the same area, or less.

And you don’t need a 20% deposit to get into the market.

The length of time it takes to save a 20% deposit to buy a house in Sydney at the median price – which currently is well over $1 million – is utterly irrelevant to first-home buyers everywhere, including those who live in Sydney.

I know a young couple in their twenties who were able to save the deposit to buy a good apartment on the Sunshine Coast in less than a year. They were both working and they lived off one wage and saved the other. An apartment suits their desire for a low-maintenance lifestyle and they can walk to the beach.

If they’d listened to the news media, they wouldn’t have even tried.

Achieving home ownership for the first time has never been easy and it’s not easy now, but it IS possible.

Each year Hotspotting collaborates with the nation’s biggest comparison website Canstar to product a national report which highlights affordable locations across the nation and provides core information about how you can buy an affordable property and what it costs.

That’s what you do when you start with the motivation of being helpful, rather than seeking to generate clickbait by startling people with erroneous and irrelevant information.

breaking-news
Find out how much your home is worth in today’s market. Get an instant market update, obligation-free. Gain insight into what your property is valued at, find out its potential rental yield and more.

Brisbane, Gold Coast, Sunshine Coast, Melbourne

Not all investment property tax depreciation schedules are built the same. They should be but the reality is, like many things in the property world, all is not as it seems. The devil is in the details—and the details are everywhere. But relax, at Washington Brown we take care of every last one.

Established in 1978, Washington Brown is one of Australia’s oldest and most respected quantity surveying organisations.

Each year, we prepare more than 13,500 reports, delivering $1.5 billion in depreciation savings.

At Triple Zero Property, we believe in delivering a seamless experience tailored to your needs. From personalised consultations and thorough research to ensuring transparent fixed-price building contracts and competitive pricing, we are committed to excellence at every stage. Our dedicated team oversees every aspect of your property build, from initial planning and throughout the construction process.

Discover how our comprehensive approach and commitment to client satisfaction sets us apart in in creating wealth through property in Australia.

Established in 2005, Reventon has built on a strong foundation in property investment and progressively expanded the business over the years. Today, they offer a complete range of property and financial services that includes, financial planning, accounting, mortgage broking, buyers advocacy and property management.

Reventon is a fully-integrated holistic wealth and financial planning provider founded by serial entrepreneur, international speaker, wealth specialist and company CEO Chris Christofi.

With Reventon, clients benefit from having all their needs met through a single relationship with a dedicated, experienced and trusted team. Our seamless service offers more convenience, greater control and ultimately a better client experience with better financial outcomes.

The propertybuyer team has been in business over 23 years and purchased over 4000 properties. Propertybuyer is a totally independent “Buyers’ Agency” focused on searching, negotiating and buying property in Australia for home buyers and investors. Our goal for each client is the “right property, at the right price, every time”.

We help you:

• Create a clear strategy and realistic “buyers brief”
• Provide access to “off market listings” – properties that are not advertised
• Provide research on the best suburbs with good prospects for capital growth and yield
• Save time – Typically we find the ideal property within 30 to 60 days of engagement
• Negotiate the lowest possible price (ie protect your clients from paying too much!)
• Give accurate appraisals and excellent local knowledge, Propertybuyer is currently the most awarded Buyers’ Agency in Australia, with 37 Awards for Excellence.

We never sell property so we are truly independent – we are not paid by selling agents or developers, so we never have a conflict of interest. This means we can devote ourselves wholly to looking after your best interests.

Plenitude Wealth is a holistic wealth management firm that is dedicated to making a positive change to the financial landscape of Australia and ultimately the world through creating an educational foundation of social awareness, enterprise and social consciousness.

We are passionate about all things property! This passion is about so much more than just property investments, numbers, and spreadsheets, it is about the relationships and genuine care we build with our clients.

We are exceptionally privileged when we are asked to assist our clients to help grow their investment property portfolios or even kick start their first purchase. Unlike most Buyers Agents, we are selective about our clients and do not try and do as many sales as possible – the emphasis is always on quality over quantity!

Our goal is not only to find the ultimate solution for them but to do so in a manner that ensures continued success by choosing locations primed for capital growth and the right cash flow for our client’s goals.

Optalife Wealth works with you to build financial security by providing clarity and confidence about your future. We work with you to build your financial plan, clearly defining what your future looks like and laying out clear and understandable steps for you to achieve.

There is no one size fits all here. We design your plan like a financial roadmap, tailored to your specific situation and what living your optimal life means to you. Like anything in life, having a clear plan increases the likelihood success and having a whole team working alongside you makes reaching your dreams one step closer.

Financebetter is here to guide you through the complexities of the financial world. Our experienced team of experts, including accountants, financial advisors, and investment analysts, is dedicated to delivering exceptional service and results.

Our comprehensive solutions and personalized guidance empower you to achieve your financial goals. Partner with us and experience the Financebetter advantage on your journey to success.

Bond Conveyancing is a licensed Law Firm designed to remove the stress out of buying or selling property in a simple, secure and affordable way. Bond Conveyancing is technology enabled but always people first.

Bond Conveyancing consists of an experienced team of conveyancers and lawyers qualified and skilled in property settlements and transfers. But they are not just about the property. Bond Conveyancing is people first, always. We understand that this is a big moment in your life and our timeliness and effectiveness in communicating with you comes second only to our diligence in ensuring your property settlement goes as smoothly as possible.

Our service puts a fully licenced Buyer’s Agent and Qualified Property Investment Adviser right at your side, to ensure that your interests are being protected at all times and your next investment property purchase achieves maximum success. Leverage off our extensive experience, professional know-how, and independent research to ensure that you’re accessing the best property opportunities available Australia-wide.Buying Properties in Sydney / Melbourne / Brisbane / Adelaide we operate on a client first approach, and will never sell you any property. We are 100% fee for service, providing independent & unbiased advice from qualified advisers and Buyer’s Agents. We set the standard in providing exclusive, one-on-one, independent, trusted and expert advice, tailored individually to suit your particular needs.

Subscribe to our newsletter today and receive a FREE copy of How To Identify Hotspots