Choosing Property Advisors
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What is the main topic discussed in this episode?
it's the real estate podcast brought to you by ray white the largest real estate and property group in australasia and welcome to another episode of the real estate podcast available on iheart radio and also spotify and apple podcasts or wherever you get your podcast from it is a friday the weekend is almost here june the 10th for 2022 Coming up on this Friday, very shortly, we're talking with Rich Harvey and talking about building a professional team who will help guide you through the many layers of buying property and helping you build that all-important portfolio. If you're celebrating your birthday today, you're celebrating it with Elizabeth Hurley, who's turning 57. And in the history books, it was on this day back in 1977 that Apple Computers shipped its first Apple.
It was called the Apple II. It's the main centre forecast with propertybuyer.com.au. Let's have a look at your weather around Australia. First to Sydney, good morning to you. Expecting a fine one and a high of 17 degrees. Expecting some showers again in Melbourne. The mercury getting up to 14 degrees. Brisbane, sunny with 18 is your high. And in Perth, expecting showers with a possibility of a storm. And your expected high today is 22 degrees. And in the wake of the RBA cash rate rise, the Commonwealth Bank has forecast Australia's economy will see a drastic slowdown in the next 12 months. They say the RBA now appears to be first and foremost inflation fighters. And they go on to say the objective of the economy, prosperity and welfare of the Australian people has taken a back seat to their desire to drop the rate of inflation.
ComBank went on to say that they expect consumer spending to be dramatically reduced due to higher interest rates and that consumer confidence is already in deeply pessimistic territory and and they do not see that changing and turning around any time soon. Commonwealth Bank says its fear right now is that the Reserve Bank is going too hard and too fast.
Why is building a team of property advisors essential?
And this morning, we're going to be looking at your pathway for getting into the property market, including risky exposure for your own personal finances. You know, fortunately, in 2022, there are specialists who can help you navigate through some of the more complex decision making and help you fine tune whatever your goals might be when it comes to the property market and your investing in it. But probably the hardest challenge in minimising your risks is how you select advisors who will guide you in the right direction with honesty, authenticity and the ability to listen and understand fully what it is that you're hoping to achieve. And to help explore this topic, as always, on a Friday morning, we have Rich Harvey, CEO and founder of propertybuyer.com.au joining us.
Good morning, Rich. You've got to love these short weeks, but a bit of a clobbering week with the interest rate rise. Yeah, good morning, Craig. Yes, it's been a very tumultuous week on financial markets with the Reserve Bank hiking cash rate up by 0.5%. Yeah, so we're looking at trusted advisors this morning to help people minimize risk and why it is worthwhile building a team of advisors as compared to doing it on your own. Yeah, well, look, I think trying to do anything on your own is always fraught with risk. You know, if you're trying to repair your own car or do your own tax, you possibly could do it, but you won't do a very good job. So I think it's really important to reach out to others and not be the smartest person in the room.
It's really important for people to understand there are some really, really smart advisors out there and you don't know what you don't know. So it's really important you get advisors that have what I call your best interests at heart. And that's a really important thing. You mentioned about authenticity in your introduction, Craig, and that's a critical factor. You've got to be able to connect and trust the advice of your advisor. But there's certainly quite a number of people, Craig, you need to have on that property team if you're going to achieve your goals.
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Chapters
7 chapters
1
What is the main topic discussed in this episode?
0:02–2:28
2
Why is building a team of property advisors essential?
2:28–4:48
3
What role does a mortgage broker play in property investment?
4:48–8:01
4
How can financial advisors help with property investment goals?
8:01–10:51
5
What should you look for in a buyer's agent?
10:51–14:00
6
Why is having a solicitor or conveyancer important?
14:00–15:28
7
How do accountants contribute to property investment success?
15:28–15:40
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