For the latest episode of this bonus series of the property investing journey, Mike is joined by Managing Director and Lead Buyer’s Agent at Taylored Property Wealth, Casey Taylor, to talk about the importance of time in the market and why it’s critical to get into property as early as possible.
With refreshing candour, Casey kicks off his conversation with Mike by sharing the mistakes he made when he first set out to invest in property. Focussing on a market that was just outside his pre-approved budget, Casey explains the dejection he felt when he failed to land a property in his chosen area.
But he didn’t stay down for long. Casey’s come a long way since that first endeavour in 2018, starting up his own Buyer’s Agency in June 2021 so he can share his passion for property and help his clients learn from his mistakes. In this conversation, Casey not only shares his early experiences but talks in detail about what he now looks for in a property, the markets he targets and why he believes it’s important to get in early.
Mike and Casey drill into the detail of median pricing and provide clear comparisons of how yields and deposits compare across various suburbs. Casey talks to his preferred investment grade property and explains how the rental crisis is likely to impact the property market.
Casey wraps up the conversation with Mike by providing his three top tips for anyone wanting to get into the market, even if they don’t think they can. Whether this is your first property investment, or you’re making the move on your next one, you’re sure to get inspired by this conversation.
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Mike is joined by Managing Director and Lead Buyer’s Agent at Taylored Property Wealth, Casey Taylor, to talk about the importance of time in the market and why it’s critical to get into property as early as possible. In this conversation, Casey not only shares his early experiences but talks in detail about what he now looks for in a property, the markets he targets and why he believes it’s important to get in early.
What we cover in this episode
- How getting into the market sooner can pay off
- Varying the type of asset you might invest in
- Getting into the data of median price points
- Types of properties that Casey targets for purchase
- The opportunity cost of not buying early
- What the rental crisis means for property
- Casey’s top tips to get in to the property market
“There’s an opportunity cost to not being in the market – people say the best time to buy real estate was yesterday” Mike 6:13
“I think it is possible to have a good balance. I think when you are looking at those more affordable areas if that capital growth is potentially a little bit less than that blue chip asset, if you’re able to get into the market sooner and you’re starting to get that equity it might balance out anyway” Casey 8:53
“We focus on the land portion – getting that large piece of land as that’s what does the heavy lifting long term and appreciates in value” Casey 10:17
“Affordability, obviously that’s what we’re talking about today, with the interest rates increasing and peoples’ borrowing capacity being affected a little bit further, those more affordable areas, people are still able to purchase within those areas so it’s an important factor” Casey 12:52
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