Meet your author, Daimien Patterson. The Wealth Through Property Series! We’re thrilled to kick off our series featuring insights from Daimien Patterson’s groundbreaking book, Wealth Through Property. Get ready for a journey packed with life-changing tips on property investment that will pave your way to success! Ever wondered about the mastermind behind Wealth Through Property? Allow us to introduce you to Daimien Patterson. Here’s a sneak peek into his remarkable life and journey, which forms the bedrock of his expertise in property investment: Background: Hailing from Campbelltown, Sydn ..read more

Your Success Ticket to Hassle-Free Home Transitions = Home Purchase or Sales Expenses Allowance Are you aware of the incredible benefits awaiting you through the Home Purchase Sales or Expenses Allowance (HPSEA)? If not, you’re missing out on a fantastic opportunity to make your home transitions smoother and more affordable. HPSEA is designed to ensure that serving your country doesn’t hinder your dream of owning a home. It’s all about reimbursing you for the expenses incurred in selling your current home and purchasing a new one when you’re posted to a new location. Whether you’re serving fu ..read more

Your Path to Property Ownership with ADF Housing Entitlements! Are you ready to embark on an exciting journey towards becoming a property owner using your ADF housing entitlements? Here are a few topics we will have a closer look at the next few days: Understanding Your Defence Housing Entitlements. Delve into the intricate details of what your entitlements encompass. From DHOAS to HPAS and HPSEA, we’ll decode everything you need to know to make informed decisions. Mastering the Art of Property Purchase: Learn the step-by-step process of purchasing property using your entitlements. Whether ..read more

Boost your rental. Essentials of advertising your property Are you ready to dive into the next discussion of our property investment journey? Let’s explore the vital topic of costs to advertise your rental. Once your investment property is ready, it’s time to consider the costs associated with advertising. This includes a letting fee (usually one week’s rent), photography, and advertising expenses. Just like with previous aspects of your investment journey, these costs will vary from one service provider to another. It’s always a wise move to invest in professional photography upon property ..read more

Conquer acquisition costs Know your legal and bank fees Ready to dive back into our recent discussion on acquisition costs? Today’s topic is a crucial one: Legal and bank fees As we delve deeper into the intricacies of property investment, understanding these fees becomes paramount. They represent a fundamental part of your upfront investment, and being well-informed about them can truly shape your decision-making process. Remember, your legal costs and the bank’s establishment fee for the loan can vary depending on your bank and solicitor. By staying informed about these costs, I’m arming yo ..read more

Unlock Value Now. House and land package costs Welcome back to our exciting journey through the world of property investment! Today, we’re turning our focus to one of the most intriguing aspects: house and land packages. When it comes to property purchases, understanding the intricacies of house and land packages is key. Unlike buying an existing home where you pay a single price, these packages come with a unique pricing structure: one for the land and another for the build. Imagine this: You’re crafting your dream home from scratch, tailoring every aspect to your liking. With house and land ..read more

Builder’s Warranty: Your property’s safety net. When you buy a new property, you get a 6- to 12-month builders warranty in most states. One of the first things you should do is instruct your new tenants to tell you every last thing that is wrong with your property. Most tenants would likely be shocked to hear their landlord actually encourage them to do that. When you’re adding that property to your portfolio, you want to have the most enthusiastic people in the world looking out for you to ensure everything is right with your new property. Those people are the ones who are actually living in ..read more

Stages of a build process. 1. Build Deposit Understanding the build process is crucial for a smooth journey in property development. Let’s delve into Stage 1: The Build Deposit. A build deposit is required before any work commences, a fundamental step that sets the construction process in motion. Some builders may request this deposit upfront, while others prioritise securing building approval before seeking payment. Each stage of the build, starting from the initial deposit to the final completion, involves a structured invoicing system from the builder. Upon receiving an invoice, it is impe ..read more

From contract to deed. Transition from agreement to ownership. The very first step to take in this process is acquiring the land on which to build. Before you can officially own a piece of land, it will need to be registered with the state government Land Titles Office. The developer will divide a large section of land, like an estate, into smaller blocks. They’ll submit this subdivision plan to the state government which will then issue a new land title for each smaller block. At this point, the land is officially registered. Once registered, the Land Titles Office of the state will official ..read more

Property Investment Tip. Only buy properties that pay for themselves. When it comes to property investment, here’s a golden rule to live by: Only buy properties that pay for themselves! What does it mean? A property that pays for itself generates rental income and tax returns that exceed the costs of holding the property—such as loan interest, rates, insurance, etc. Never purchase a property that doesn’t meet this criterion. Why Is It Important? Investors can own numerous properties that pay for themselves without depleting their own cash reserves. However, relying on personal funds to cove ..read more