Getting ahead with a property investment plan with David Johnston – BONUS SERIES Ep. 3

Continuing this bonus series on the Property Investing Journey, Mike is joined by David Johnston, founder of Property Planning Australia, to discuss the importance of creating and following an investment plan when it comes to buying property.

With around 1 in 50 investors following a defined property plan, it’s no surprise that only 5.75% of Australians own an investment property. The numbers drop significantly for multiple assets, despite property ownership being a major contributor to retirement income.

If the purpose of property investment is to build wealth for the future and retirement, then the prudent way forward is to adhere to a well-defined plan. In this episode, Mike and David explore the main criteria involved in setting a property strategy, including income goals, asset quality and mortgage structures.

This podcast is required listening for anyone looking to build on their property portfolio in a way which maximizes their investment, and sets them up for future success.

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Mike is joined by David Johnston, founder of Property Planning Australia, to discuss the importance of creating and following an investment plan when it comes to buying property. In this episode, Mike and David explore the main criteria involved in setting a property strategy, including income goals, asset quality and mortgage structures. This podcast is required listening for anyone looking to build on their property portfolio in a way which maximizes their investment, and sets them up for future success.

• The missed opportunity of property planning
• The surprising statistics of property investment
• The recipe of property investment
• Keeping up with the Joneses
• Mortgage Strategy
• Retirement planning
• David’s top tips for property planning

“Australians deserve to have an opportunity to develop a property plan for accumulating our most expensive asset and the lion’s share of most people’s wealth throughout their lives“ David 2:15

“When you think the residential property market’s worth about 5 or 6 times the value of the Australian stock market, it’s a little bit odd that financial planners can’t provide people with property advice“ David 3:02

“Developing a property plan isn’t straightforward but some of the key tips are pretty simple” David 9:22

“It’s so easy to ratchet up your lifestyle expenses and it’s a human thing too because ‘I’ve worked hard, I’ve got a promotion, I need to treat myself’ ” Mike 12:40

“Property’s pretty forgiving, if you get it 80% right, you can do reasonably well“ David 16:50

“Planning is really about setting your goals, understanding where you want to go, looking down the path and then working backwards so your next property fits in with your longer term planning” David 18:19

Links mentioned

Episode 63 – Interview with David Johnson

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