Amy Lunardi

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1,235 appearances 4 recordings 1 series first heard May 2020 last heard Dec 2022

Amy Lunardi’s voice in public audio — every appearance, attributed to the second.

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Australian Finance Podcast · Property investing 101, Ft. Amy Lunardi · 27 Jul 2020 podcast

I'll live in one and then I'll put the other one out.

easier than done just and I've you know had experience in property development developing for and it is first of all there's a lot of risk there's a lot of time involved there is a element of again market timing so if you inadvertently buy a block of land at the peak and then by the time you're ready to sell that property you're

if you have to sell that property because that's your strategy but the market's come back, you've put yourself in a bit of an awkward situation and then you've got a lot more challenges around financing that too.

So getting construction loans and I know a lot of banks right now are not super excited about even lending for these types of projects.

So that is a very risky but that's a very high like effort, a very active way of property investing and

We also have flipping.

So I think shows like The Block have made flipping sound really exciting.

And what I have to say to people is when you're trying to value add, generally the people who do the best here are people who are in that industry and they have low labour costs.

So, for example, tradies and builders.

So that means that, yeah, they're able to...

put less in to get more out.

But also bearing in mind that when you're buying an investment property, remember, we've got to make up those original transaction costs, plus any growth, plus our holding costs, plus then factoring out in our opportunity cost and our capital gains tax.

A lot of people might think, oh, wow, they bought it for this price and sold it for that price.

So they made that amount of profit.

Once you factor in all of those other costs and

then that profit sometimes isn't so exciting.

And again, you can be at the mercy of the market if you buy at the wrong time.

Value adding, I guess, is kind of...

Value adding for me is more in that buy and hold strategy rather than flipping.

So it might be something like buying a property and then giving it a cosmetic update.

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