How To Build A Million Dollar Property Portfolio In Australia 2023

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Жыл бұрын

In this video, we'll show you how to build a successful property portfolio in 2023 and why investing in property can be a smart move for Australians looking to buy a house or build their investments, and how to do it.
#propertyportfolio #homeequity #investinginproperty
T. 07 3899 0009
E. save@madd.com.au
W. bit.ly/Madd_Loans
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#homebuyingtips #homeloanguide #money
DISCLAIMER: These videos are NOT personal advice; these are general information videos and should not be taken as advice for your personal situation. If you want personal advice, you should speak to a qualified financial planner about your personal situation.

Пікірлер: 30

@DavidWaldie-cj3gu Жыл бұрын

Love the content, thanks for sharing your knowledge and keeping it real George!

@georgesamios_madd 9 ай бұрын

Thanks for the feedback mate, always keep it real 😎 appreciate your support

@ackielace 9 ай бұрын

Excellent information 👍👍👍 Thank you!

@georgesamios_madd 9 ай бұрын

Thank you for the feedback, please let me know what other topics you’d like to see from me 👍

@rus90 7 ай бұрын

Equity is never the problem, especially for Aussies who've owned property for 10+ years. Most will have equity in any property if had it for a while. The issue is satisfying the bank that you can service your mortgage, whether it is new or a refinance. Borrowing power was very different 2 years ago at rates of 2.5% versus the current 6.5%.

@georgesamios_madd 7 ай бұрын

Nice comment, I agree with you. I always tell people it’s 2 things you need when getting more debt from the banks, EQUITY & SERVICEABILITY. Thanks for watching my channel appreciate it.

@xXMaster97Xx 5 ай бұрын

Why is it a being deal for banks when it comes to serviceability? Worst case scenario the person defaults on payments and the bank takes ownership of the property and sells it for profit?

@Notokayok Ай бұрын

@@xXMaster97Xx because that’s called irresponsible lending and the banks can be fined for doing that.

@aaronrobertson2488 21 күн бұрын

Still paying off 2 loans regardless. Where do you find that money from ? How can you be paying off 10 million dollar loans if have 10 investment properties ?

@plugg4r 6 ай бұрын

Whats your thoughts on the current rental yield, looking in my own area a 500k house is pulling a rental return of 450-500pw, with the current interest rates, id have to put in around $100pw minimum also into the rental. Is this fairly common currently? I have my Owner Occupied house still on 2% until the end of 25', but was wanting to use my equity to get an investment property for some time.

@akid6222 5 ай бұрын

Love the video. I was wondering if you could make something specifically about DTI ceilings and how to get around them. Im about to get my 4th IP but after this will likely run into a DTI limit. My yield is quite healthy at average 6.5-7%+ so actuao servicing isnt a problem for me but the bank will soon just say no even with a close to neutral geared portfolio and enough extractable equity to keep going otherwise.

@georgesamios_madd 4 ай бұрын

Thanks for the feedback, appreciate it. I’d be interested to talk with you and understand your current property mix, if Resi maybe the yields which doesn’t help your borrowing capacity plus your playing with the DTI’s like you understand. If however you begin to play in commercial property it is looked at a bit different, I’ll do a video on it for sure, but in the interim if you’d like to talk pls give me a call 0411 33 33 69 or george@madd.com.au Ps. Have a look at the smsf video I did, that could be another way to get one.

@Cjtenny196 7 ай бұрын

Hey mate been following your videos for awhile now and I have a question. The misses and I need to buy a house to live in (to move out from the parents house) but I’m worried it will dramatically slow our investment journey down to be financially free. What would you recommend we do? Thanks mate! 😊

@georgesamios_madd 7 ай бұрын

Mate thank you for commenting. I’d recommend having a meeting with one of my brokers to work out your capacity to borrow and make a game plan. Everyone who builds a property portfolio starts with 1. Email me your info george@madd.com.au 👍

@ldandco 8 ай бұрын

Simple: buy one house

@georgesamios_madd 8 ай бұрын

I agree, it won’t be long until the average Aussie house is 1M

@nathancad 7 ай бұрын

Hey mate, Im from Adelaide. I have 900k equity in both of my places combined. I can borrow 850k but just want to spend 500k at the moment. 500k @7% is $814 P/W repayments. I could only get max $500-550 rent P/W, which leaves me throwing at least $300P/W at it. .Thats the only thing holding me back from buying a second rental property........... My question is, what to do when rent wont cover the mortgage and how to get around that part?

@georgesamios_madd 7 ай бұрын

Hi mate, Great question, firstly is that the net cost on an interest only loan? Also, make sure you work out the post tax benefit after negative gearing, depreciation etc. Nevertheless, there will always be a loss to hold property initially.. if it was easy everyone would be doing it. Now let’s say $300 loss a week, well that’s $15,600 a year. Over a decade that’s a cost of $156,000 to keep that property. Do you think the property will be worth more than that? Check the history of capital growth in the suburb you’re investing in, chances are it’ll grow maybe 5-7% per year meaning that property could be worth >$850k in 10 years. Hope that helps. Would love to help with your lending, just email me george@madd.com.au

@nathancad 7 ай бұрын

@@georgesamios_madd No, I thought it was interest only but upon double checking, an interest only loan would only be $673 P/W which makes it much easier to manage. Cheers for the reply mate, much appreciated.

@aaronrobertson2488 21 күн бұрын

I have over million in cash. What would you do with that in order for me live off the rent ?

@georgesamios_madd 21 күн бұрын

Hi Aaron, would love to help you achieve your financial goals. Please email me direct - george@madd.com.au

@simplefilemaker327 7 ай бұрын

@6:36 Australian real estate is IMPOSSIBLE to go down because it is best revenue generating vehicle for the government. IMPOSSIBLE.

@georgesamios_madd 7 ай бұрын

A wise man once said to me, if your paying heaps of tax, your making heaps of money. 😎

@fish0sam0 3 ай бұрын

Borrowing money based on assets for an investment property is an interest rate of 9%. Borrowing money based on income for an investment property is an interest rate of 6%. I don't understand how your strategy works? 9% is too much, the rent will not cover it.

@georgesamios_madd 3 ай бұрын

Thanks for the comment. I’m a bit confused where you got 9% rate from? Are you referring to the banks assessment rate? If you’d like some more info or even a phone call let me know and I can help out. Also, if you’re in Brisbane we are doing a free first time buyers workshop at the end of the month. If you’d like to come let me know. Thanks for watching George