Chris Bates

speaker
1,659 appearances 5 recordings 1 series first heard Jun 2021 last heard Dec 2022

Chris Bates’s voice in public audio — every appearance, attributed to the second.

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I think there's, you know, long-term in terms of switching off from the media storm, obviously, but also thinking, you know, how's your situation going to change long-term?
You know, a lot of younger people want to live for the moment maybe and don't want to say what I'm going to be doing in five years, but I do think forward planning is essential with property decisions.
Look, you know, what's the likelihood of you going to live in that city longer term?
What's going to happen if you meet someone?
Are you going to want a family?
and see if you can incorporate what you want from a long-term lifestyle point of view and making sure it's a great investment rather than what my needs are today.
Even today, we had a client trying to buy a one-bedroom apartment in the east of Sydney.
She can afford a two-bed, you know, just by potentially taking a little bit more debt, not too much more, and it gives her that scope.
You know, if she does meet someone and she does want a kid in a few years' time, then she's got a perfect place for that rather than a tiny little one-bed that she'd outgrow.
So,
Think long-term with all your decisions and be thinking through, if I make this move, how am I then going to make that next move?
If I buy this investment property, how is that going to stop me upgrading my house?
Or how's that going to stop my renovation?
So you've always got to be thinking long-term and try to switch off from the, you know, trying to play the market and et cetera like that because quality assets, unfortunately, are even harder to buy in down markets, as I said before.
Awesome tip there, Emily.
I think a lot of people think it's always down to price, but a lot of the time it is down to terms.
And the lease back is definitely something that, you know, in these markets, you know, are very appealing to a lot of sellers because they may need that money.
They may need to sell the property.
They put that money in the bank account and now they're ready to go and they can rent a place for maybe six or 12 months, depending on what you make on the terms.
That's a really good tip.
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