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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Australian Finance Podcast · Property investing strategies (advanced) with Chris Bates · 4 Oct 2021 podcast

And, you know, all investment things say that maybe is a bit short.

So maybe if it's just, let's say they just leave that money in cash and they get a high interest savings account, but I'd be doing absolutely everything I can to, for example, basically build that deposit as fast as I can, really.

That might be, you know, higher incomes, it might be saving harder.

You know, some people got the benefit of asking family for support.

And, you know, I think for a lot of younger generation, they don't want to do it.

You know, they've been independent since they were young and they want to do it in their own.

But, you know, a lot of parents obviously do want to help their kids.

And, you know, that's sometimes a situation where they can, you know, just allowing you to get help you with a deposit.

It's a huge benefit for you.

And a lot of parents want to do it.

And so I'd be exploring that with them.

saving really hard and then trying to get their first home or something they could grow into as a couple.

Maybe it's for five or seven years and hopefully that's a great investment.

We're not really a big fan of going and buying investment properties that are cheaper

and then trying to sell those investment properties.

So then go buy something to live in.

You know, if that investment property doesn't work and a lot of the time when you're buying cheaper assets, it's not going to perform as well.

You've got buy costs, sell costs.

I feel like it takes people a big detour.

They go, I've got a property, but then when they go and buy a house in a few years time, that hasn't really worked for them.

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