Andrew Nicholl

speaker

9,590 appearances 124 recordings 1 series first heard Apr 2026 last heard today

Andrew Nicholl’s voice in public audio — every appearance, attributed to the second.

Trend

recordings per month · last 12 months

Recordings per month over the last 12 months — 124 in all, peaking in Jul 2026 with 29.

Appearances

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The Property Academy Podcast · Should I Renovate Houses Or Build New? [Real Numbers] · 10 Sep 2026 podcast

If I thought they should do it and the numbers said that, I'd be like, yeah, go for it.

And then

was a sweetheart

Let's say it was worth like $725 and he was getting a discount because there's no agent and getting a discount because you're my favourite nephew.

be nicer to my

you?

them.

And then the renovation cost.

So he wasn't going to apply his labour, which I think is always a bit of a mistake, but let's just take that out.

It's going to cost about $100,000 to get it up to rent ready, room by room rental.

Well, maybe we'd run on the high side, but that was the number they gave me.

So all in, they're up to sort of $780,000.

That's what they cash in.

But then they were going to get $200 a room, and it was five rooms, $1,000 a week.

That's like a gross yield of 6.7%.

That does sound quite good on the surface.

No.

So what actually happened was we started pulling apart the numbers a bit.

And so we chucked in property management, rates, insurance, maintenance, all that kind of stuff.

Accounting, I worked on 100% debt because these guys were using usable equity, like a lot of people, to be able to go in with no cash, what we call the no cash needed method.

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