A story today that might send chills through property investors. There is an emerging problem that has been unrecognized in Australia - and that is the increase in methamphetamine poisoning in properties though the use and manufacture of meth in residential properties.  The costs can be horrendous and, by default, will have to be borne by the property owner. We look into this with Garth Brown from Brown and Brown Conveyancers.

Whether you are starting out as an investor or are well into developing your portfolio, a plan is something that most investors do not do.  Michael Yardney will explain why this is crazy and he gives the 4 best pieces of advice you are likely to hear about formulating a plan.

Our feature guest this week is Cherie Barber – the queen of renovations. In this extended chat with Cherie, we hear about the mistake she made with her first property and how that lead her to become, as she says, an “accidental renovator”. Now, of course, Cherie is the best known and most respected renovation expert with a worldwide audience.

We answer a question from Courtney and James who need help with the purchase of a property in a highly sought after area but it needs considerable work – work that they cannot afford to do just now. Their question, that we put to Patrick Bright, is “what to look for in an investment property”.

The secret to understanding the next big thing that will change how business is done in any sector is to look at what is happening on the fringes of technology. We took a look at four pieces of fringe tech that are starting to have an impact on real estate now and we tell you about blockchain.

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Transcripts:
What to look for in an investment property - Patrick Bright
Kevin:  In just a moment, we’re going to answer a question in the show that came in from Courtney and James. It was a very interesting e-mail, which prompted a number of other questions that were mulling around in my mind. I want to dig into a few of those first before I read your e-mail, Courtney and James. My guest is Patrick Bright from EPS Property Search.

Good day, Patrick. How are you doing?

Patrick:  Very good, Kevin. Nice to speak with you.

Kevin:   That’s good, mate. I have sent you the e-mail from Courtney and James, and we’ll address that in just a moment because it talks about buying an investment property or buying a personal property. I wanted to ask you – because it’s question I’m asked a lot, and I’m sure you would be, too – what makes a good investment property? What do you look for?

Patrick:  There are a number of things to look for when you’re looking for an investment property. You want to look at property that’s going to be easily rentable. It’s going to actually be good for its purpose. Not all property is what we would call investment grade or investment-type property to live in; a lot of stuff is more owner-occupied. So that’s important to get that right.

Kevin:  That actually raises a very interesting point, because one of the questions I wanted to ask you is if, as an investor, I think I’d like to live in it, does that necessarily make it a good investment property?

Patrick:  It doesn’t necessarily make it a good investment property, no. It can be. If you’re the sort of person the target market is going to be renting to, then yes, but if you’re a family and you’re buying an investment property that’s – let’s say – an apartment, then it doesn’t matter what you think; it matters more what type of tenant is in that area. What’s the demand like?