In this episode of Talking Property, Debbie interviews Will Staughton, active property investor and owner of Fast Homes based in South Australia.
Debbie asked Will the questions on every property investor’s lips – When to buy? When to hold? And when to sell?
The interview lasts about 20 minutes and Will was extremely generous with the information he shared about his approach to property investment and his forecast for the Australian property market.
To listen click the play button below:
Show length: 20:09
In the interview Will explains:
- Where the property market will go in 2009 and beyond.
- The advantage of “keeping it local” when looking for investment opportunities.
- Small or large suburbs – which is better and why?
- Will’s 3 key exit strategies and how he implements them.
If you have a comment or question for Debbie or Will then please post it below and we will do our best to answer it.
The information provided in the Talking Property podcast is general in nature and should not be relied upon as a substitute for professional advice. Always consult with a professional advisor before making any investment decisions.
{ 5 comments… read them below or add one }
Really insightful interview! You certainly sparked some ideas about renovating + selling my property in HK. Completely different market though and very volatile property prices have moved -30% in the last 6 months and the financing rate has jumped down to 2.35%
I really enjoyed your podcast. My question is about land tax. I am always worried about the land tax associated with owning multiple investment properties in one state. My strategy to avoid this was to purchase a little property in every state and stay under the threshhold. Although I am finding it difficult to research and lack the confidence of buying in an unfamiliar area. If you are buying many properties in Adelaide is land tax a concern to you?
Hi Tim Tam
Thank you for the feedback, I was really interested in your Hong Kong property. It is a very different market and probably why Will has come back onshore to do more, ours may be a slower market but slower to go up and slower to come down. Remember that you will only realise the loss in a property if and when you come to sell. I believe the returns were stunning in HK too but with the financing rate jumping, that would have an effect.
Keep listeneing, I’m sure we will chat to Will again sometime.
Debbie
Hi there Great interview some interesting thoughts on exit strategies. would love to hear more about them if you do another interview.
Paul
Hi Michell
It’s great to get a question and even though I am not qualified to answer you directly, I can tell you how I work through this.
Land Tax is a good reason to explore entities, we have a number including a couple of companies and even more trusts. We utilise our own names in combinantion with our trusts, this is not to avoid land tax but to minimise it as it is illegal to avoid taxes.
My suggestion would be to speak to an accountant who is comfortable with entities and work out the best way for you to set yourself up.
Remember that land tax is paid on the land value and not the improved value. I think this is also a great reason to invest through the country.
Debbie