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The Hidden Areas Of NZ Where Houses Don't Cost As Much · Making Cents

• 0:00
  Are
• 0:00
  there
• 0:00
  still
• 0:01
  good
• 0:01
  property
• 0:01
  deals
• 0:01
  in
• 0:01
  New
• 0:02
  Zealand?
• 0:02
  And
• 0:02
  if
• 0:03
  so,
• 0:03
  where?
• 0:04
  Because
• 0:05
  a
• 0:05
  listener
• 0:05
  has
• 0:05
  written
• 0:05
  in
• 0:06
  with
• 0:06
  a
• 0:06
  burning
• 0:06
  question
• 0:07
  inspired
• 0:08
  by
• 0:08
  looking
• 0:08
  at
• 0:08
  the
• 0:08
  numbers
• 0:09
  going
• 0:09
  on
• 0:09
  around
• 0:09
  her
• 0:10
  and
• 0:10
  saying,
• 0:10
  well,
• 0:11
  I'd
• 0:11
  like
• 0:12
  to
• 0:12
  invest
• 0:12
  into
• 0:12
  property,
• 0:13
  but
• 0:13
  this
• 0:14
  simply
• 0:15
  does
• 0:15
  not
• 0:16
  work.
• 0:16
  Rents
• 0:17
  won't
• 0:17
  cover
• 0:17
  the
• 0:18
  mortgage,
• 0:18
  interest
• 0:19
  rates
• 0:19
  are
• 0:19
  worrying,
• 0:19
  and
• 0:20
  maybe
• 0:20
  she's
• 0:21
  just
• 0:22
  missed
• 0:22
  the
• 0:22
  boat
• 0:22
  entirely.
• 0:24
  But
• 0:24
  what
• 0:24
  if
• 0:24
  it's
• 0:24
  not
• 0:24
  about
• 0:25
  whether
• 0:25
  to
• 0:26
  buy,
• 0:27
  it's
• 0:27
  about
• 0:27
  where?
• 0:28
  Welcome
• 0:28
  to
• 0:28
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• 0:29
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  in
• 0:32
  someone
• 0:32
  from
• 0:33
  inside
• 0:33
  the
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  money
• 0:33
  world,.
• 0:34
  Get
• 0:34
  you
• 0:35
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  insider
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  tactics
• 0:36
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• 0:37
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• 0:37
  need.
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  up
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• 0:42
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  reaching
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  freedom
• 0:44
  faster.
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  Head
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• 0:46
  learn
• 0:46
  more.
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  Visit
• 0:47
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• 0:48
  Me
• 0:48
  today.
• 0:49
  I
• 0:49
  want
• 0:49
  to
• 0:50
  help
• 0:50
  as
• 0:50
  many
• 0:50
  people
• 0:51
  as
• 0:51
  possible
• 0:51
  build
• 0:52
  a
• 0:52
  better
• 0:52
  life
• 0:52
  for
• 0:53
  themselves
• 0:54
  by
• 0:54
  understanding
• 0:54
  and
• 0:55
  taking
• 0:55
  control
• 0:55
  of
• 0:55
  their
• 0:56
  money.
• 0:56
  You
• 0:56
  can
• 0:56
  be
• 0:57
  part
• 0:57
  of
• 0:57
  how
• 0:57
  that
• 0:57
  happens.
• 0:58
  First,
• 0:59
  make
• 0:59
  sure
• 0:59
  you're
• 0:59
  subscribed
• 1:00
  wherever
• 1:00
  you
• 1:00
  like
• 1:01
  to
• 1:01
  listen,
• 1:01
  whether
• 1:02
  it's
• 1:02
  YouTube,
• 1:02
  Apple
• 1:03
  Podcasts
• 1:03
  or
• 1:04
  Spotify.
• 1:04
  And
• 1:05
  then
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  send
• 1:06
  your
• 1:06
  favorite
• 1:06
  episode
• 1:07
  to
• 1:07
  a
• 1:07
  mate.
• 1:08
  Then
• 1:08
  we
• 1:08
  can
• 1:08
  all
• 1:08
  level
• 1:08
  up
• 1:09
  with
• 1:09
  money
• 1:09
  together.
• 1:09
  The
• 1:10
  show
• 1:10
  grows
• 1:10
  and
• 1:10
  I
• 1:11
  can
• 1:11
  keep
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  bringing
• 1:11
  you
• 1:12
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• 1:12
  money
• 1:12
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• 1:13
  that
• 1:13
  actually
• 1:13
  moves
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  dial.
• 1:14
  Katie
• 1:15
  Wesley
• 1:15
  from
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  Enable
• 1:16
  Me
• 1:16
  in
• 1:16
  the
• 1:16
  hot
• 1:17
  seat.
• 1:17
  Wow,
• 1:18
  Kim,
• 1:18
  ready
• 1:18
  for
• 1:18
  the
• 1:18
  letter?
• 1:19
  Yes.
• 1:19
  Yes,
• 1:19
  ready.
• 1:20
  All
• 1:20
  right,
• 1:20
  here
• 1:21
  we
• 1:21
  go.
• 1:21
  Hi,
• 1:21
  Frances.
• 1:22
  Finally
• 1:23
  been
• 1:23
  able
• 1:23
  to
• 1:23
  buy
• 1:23
  my
• 1:24
  own
• 1:24
  home.
• 1:24
  The
• 1:24
  next
• 1:25
  goal
• 1:25
  is
• 1:26
  to
• 1:26
  start
• 1:26
  building
• 1:26
  real
• 1:27
  wealth.
• 1:27
  Everyone
• 1:28
  I
• 1:28
  know
• 1:28
  who
• 1:28
  has
• 1:29
  money
• 1:29
  seems
• 1:29
  to
• 1:30
  have
• 1:30
  got
• 1:30
  there
• 1:30
  through
• 1:30
  property,
• 1:31
  so
• 1:31
  that
• 1:32
  feels
• 1:32
  like
• 1:32
  the
• 1:32
  obvious
• 1:33
  next
• 1:33
  step.
• 1:34
  But
• 1:35
  I'm
• 1:35
  nervous
• 1:35
  because
• 1:35
  every
• 1:36
  time
• 1:36
  I
• 1:36
  look
• 1:36
  at
• 1:36
  the
• 1:36
  numbers,
• 1:37
  I
• 1:37
  can't
• 1:37
  make
• 1:37
  them
• 1:38
  work.
• 1:38
  I
• 1:39
  know
• 1:39
  they
• 1:39
  say
• 1:39
  prices
• 1:40
  are
• 1:40
  down,
• 1:40
  but
• 1:40
  they
• 1:41
  still
• 1:41
  feel
• 1:41
  high
• 1:41
  to
• 1:41
  me.
• 1:42
  Interest
• 1:42
  rates
• 1:43
  aren't
• 1:43
  exactly
• 1:43
  friendly
• 1:44
  and
• 1:44
  the
• 1:44
  rents
• 1:45
  I
• 1:45
  see
• 1:45
  around
• 1:45
  me
• 1:46
  are
• 1:46
  wouldn't
• 1:47
  cover
• 1:47
  the
• 1:47
  mortgage.
• 1:48
  I
• 1:49
  also
• 1:49
  keep
• 1:49
  seeing
• 1:49
  headlines
• 1:50
  about
• 1:50
  investors
• 1:51
  selling
• 1:51
  up
• 1:51
  and
• 1:51
  getting
• 1:52
  out,
• 1:52
  which
• 1:53
  doesn't
• 1:53
  exactly
• 1:54
  inspire
• 1:55
  confidence.
• 1:56
  Am
• 1:56
  I
• 1:56
  running
• 1:57
  the
• 1:57
  numbers
• 1:57
  wrong
• 1:58
  or
• 1:58
  is
• 1:59
  property
• 1:59
  investment
• 2:00
  not
• 2:00
  the
• 2:00
  winner
• 2:01
  it
• 2:01
  used
• 2:01
  to
• 2:01
  be?
• 2:02
  Is
• 2:02
  there
• 2:02
  something
• 2:02
  else
• 2:03
  I
• 2:03
  should
• 2:03
  be
• 2:04
  trying?
• 2:05
  Thanks.
• 2:07
  So
• 2:07
  few
• 2:07
  points
• 2:08
  here
• 2:08
  which
• 2:08
  are,
• 2:09
  you
• 2:09
  know,
• 2:09
  really
• 2:09
  good
• 2:10
  points
• 2:10
  to
• 2:10
  make
• 2:10
  these
• 2:11
  headlines
• 2:11
  of
• 2:12
  investors
• 2:12
  sign
• 2:12
  that
• 2:13
  property
• 2:13
  is
• 2:13
  down
• 2:14
  but
• 2:14
  still
• 2:14
  expensive.
• 2:15
  I
• 2:15
  mean,
• 2:15
  there's
• 2:16
  a
• 2:16
  few
• 2:16
  factors
• 2:16
  in
• 2:17
  this.
• 2:17
  Interest
• 2:17
  rates,
• 2:18
  bit
• 2:18
  wobbly.
• 2:19
  What's
• 2:20
  your
• 2:20
  vibe?
• 2:21
  For
• 2:21
  lack
• 2:21
  of
• 2:22
  a
• 2:22
  better
• 2:22
  word
• 2:22
  on
• 2:22
  property
• 2:23
  at
• 2:23
  the
• 2:23
  moment,
• 2:24
  none
• 2:24
  of
• 2:24
  this
• 2:24
  is
• 2:25
  new.
• 2:25
  Everything
• 2:26
  is
• 2:26
  cyclical
• 2:27
  and
• 2:28
  I
• 2:28
  think
• 2:29
  we've
• 2:29
  always
• 2:29
  been
• 2:30
  asking
• 2:30
  very
• 2:31
  similar
• 2:31
  questions
• 2:32
  about
• 2:32
  different
• 2:32
  asset
• 2:33
  types.
• 2:34
  So
• 2:35
  in
• 2:35
  my
• 2:35
  mind,
• 2:36
  property
• 2:36
  absolutely
• 2:37
  has
• 2:37
  not
• 2:37
  had
• 2:37
  its
• 2:38
  day.
• 2:38
  But
• 2:39
  the
• 2:39
  better
• 2:39
  question
• 2:40
  to
• 2:40
  be
• 2:40
  asking
• 2:41
  is
• 2:42
  how
• 2:42
  does
• 2:42
  property
• 2:43
  sit
• 2:43
  within
• 2:44
  my
• 2:44
  wealth
• 2:45
  plan?
• 2:45
  I
• 2:46
  think
• 2:46
  that's
• 2:46
  what
• 2:46
  we
• 2:46
  need
• 2:46
  to
• 2:47
  be
• 2:47
  asking
• 2:47
  ourselves.
• 2:48
  And
• 2:49
  also
• 2:50
  kind
• 2:50
  of
• 2:50
  looking
• 2:51
  beyond
• 2:52
  the
• 2:52
  headlines
• 2:53
  which
• 2:53
  are
• 2:54
  usually
• 2:55
  negative
• 2:55
  in
• 2:56
  terms
• 2:56
  of
• 2:56
  what's
• 2:57
  actually
• 2:57
  happening
• 2:58
  and
• 2:58
  why
• 2:58
  property
• 2:59
  might
• 2:59
  be
• 3:00
  advantageous
• 3:01
  from
• 3:01
  an
• 3:01
  investment
• 3:02
  perspective.
• 3:03
  Yeah,
• 3:03
  yeah,
• 3:03
  100%.
• 3:04
  And
• 3:04
  she's
• 3:05
  saying
• 3:05
  she
• 3:05
  can't
• 3:05
  make
• 3:05
  the
• 3:05
  numbers
• 3:06
  work.
• 3:06
  She
• 3:07
  doesn't
• 3:07
  want
• 3:07
  us
• 3:07
  through
• 3:08
  how
• 3:08
  she's
• 3:08
  been
• 3:08
  calculating
• 3:09
  it.
• 3:09
  But
• 3:09
  let's
• 3:09
  sort
• 3:09
  of
• 3:09
  zoom
• 3:10
  out
• 3:10
  and
• 3:10
  say
• 3:10
  when
• 3:11
  you're
• 3:11
  trying
• 3:11
  to
• 3:11
  figure
• 3:11
  out
• 3:12
  the
• 3:12
  numbers,
• 3:12
  where
• 3:12
  do
• 3:13
  you
• 3:13
  start?
• 3:13
  What
• 3:13
  do
• 3:13
  you
• 3:13
  look
• 3:13
  at?
• 3:14
  I
• 3:14
  think
• 3:14
  where
• 3:14
  people
• 3:15
  come
• 3:15
  unstuck
• 3:16
  is
• 3:16
  they
• 3:16
  look
• 3:17
  at
• 3:17
  it
• 3:17
  now
• 3:18
  in
• 3:18
  terms
• 3:18
  of
• 3:18
  year
• 3:19
  one
• 3:19
  and
• 3:19
  generally
• 3:20
  speaking,
• 3:21
  generally
• 3:22
  there
• 3:22
  will
• 3:22
  be
• 3:22
  a
• 3:22
  top
• 3:22
  up
• 3:23
  in
• 3:23
  terms
• 3:24
  of
• 3:25
  the
• 3:25
  incomings
• 3:26
  don't
• 3:26
  match
• 3:26
  the
• 3:27
  outgoings
• 3:27
  from
• 3:28
  a
• 3:28
  rent
• 3:28
  interest
• 3:28
  rate
• 3:29
  perspective.
• 3:29
  So
• 3:30
  you
• 3:30
  would
• 3:30
  expect
• 3:30
  a
• 3:30
  top
• 3:31
  up.
• 3:31
  But
• 3:31
  they're
• 3:32
  not
• 3:32
  looking
• 3:32
  at
• 3:32
  the
• 3:33
  whole
• 3:33
  equation
• 3:34
  and
• 3:34
  again
• 3:35
  they're
• 3:35
  not
• 3:35
  zooming
• 3:35
  out
• 3:35
  in
• 3:36
  terms
• 3:36
  of
• 3:36
  what
• 3:37
  why
• 3:37
  am
• 3:37
  I
• 3:37
  buying
• 3:37
  this
• 3:38
  property?
• 3:38
  What
• 3:38
  is
• 3:39
  the
• 3:39
  fundamental
• 3:39
  problem
• 3:40
  I'm
• 3:40
  trying
• 3:40
  to
• 3:40
  solve
• 3:41
  which
• 3:41
  is
• 3:41
  generally
• 3:42
  they
• 3:42
  want
• 3:42
  to
• 3:42
  grow
• 3:42
  wealth
• 3:43
  or
• 3:43
  bridge
• 3:43
  a
• 3:44
  retirement
• 3:44
  gap.
• 3:45
  So
• 3:45
  they
• 3:45
  need
• 3:45
  to
• 3:45
  understand
• 3:46
  kind
• 3:46
  of
• 3:46
  that
• 3:46
  longer
• 3:47
  term
• 3:47
  trajectory
• 3:49
  how
• 3:49
  will
• 3:49
  this
• 3:49
  impact
• 3:50
  me
• 3:50
  in
• 3:51
  terms
• 3:51
  of
• 3:51
  capital
• 3:52
  gains?
• 3:53
  Need
• 3:53
  to
• 3:53
  be
• 3:53
  looking
• 3:54
  at
• 3:54
  kind
• 3:54
  of
• 3:54
  what
• 3:54
  drives
• 3:55
  that
• 3:55
  within
• 3:55
  that
• 3:55
  particular
• 3:56
  property
• 3:57
  you
• 3:57
  want
• 3:57
  to
• 3:58
  be
• 3:58
  looking
• 3:58
  at
• 3:58
  well,
• 3:59
  inflation
• 4:00
  eats
• 4:00
  into
• 4:01
  our
• 4:01
  money,
• 4:01
  which
• 4:02
  is
• 4:02
  hard
• 4:02
  from
• 4:03
  a
• 4:03
  cost
• 4:03
  of
• 4:03
  living
• 4:03
  perspective
• 4:04
  and
• 4:05
  having
• 4:05
  cash
• 4:05
  in
• 4:05
  the
• 4:06
  bank.
• 4:06
  But
• 4:06
  it's
• 4:07
  super
• 4:07
  useful
• 4:07
  from
• 4:07
  a
• 4:08
  debt
• 4:08
  perspective
• 4:09
  because
• 4:10
  in
• 4:10
  essence
• 4:11
  debt
• 4:11
  will
• 4:11
  be
• 4:12
  worth
• 4:12
  less
• 4:12
  into
• 4:13
  the
• 4:13
  future.
• 4:13
  So
• 4:13
  that
• 4:14
  all
• 4:14
  factors
• 4:14
  into.
• 4:15
  Well
• 4:16
  how
• 4:16
  will
• 4:16
  this
• 4:17
  increase
• 4:17
  my
• 4:17
  position
• 4:18
  thereafter?
• 4:19
  Because
• 4:19
  it
• 4:19
  is
• 4:19
  a
• 4:20
  long
• 4:20
  term
• 4:20
  investment.
• 4:21
  It
• 4:21
  is
• 4:22
  not.
• 4:22
  I
• 4:23
  buy
• 4:23
  a
• 4:23
  property
• 4:23
  for
• 4:24
  most
• 4:24
  people
• 4:25
  and
• 4:25
  sell
• 4:25
  it
• 4:25
  the
• 4:25
  next
• 4:26
  year.
• 4:26
  You
• 4:27
  buy
• 4:27
  a
• 4:27
  good
• 4:27
  property
• 4:27
  and
• 4:28
  you
• 4:28
  hold
• 4:28
  it.
• 4:29
  So
• 4:29
  that's
• 4:29
  a
• 4:30
  different
• 4:30
  dynamics
• 4:31
  and
• 4:32
  sometimes
• 4:33
  the
• 4:33
  entry
• 4:33
  point
• 4:34
  that
• 4:34
  people
• 4:34
  are
• 4:34
  looking
• 4:35
  at
• 4:35
  is
• 4:35
  challenging.
• 4:36
  So
• 4:37
  for
• 4:37
  lots
• 4:37
  of
• 4:37
  my
• 4:38
  clients
• 4:38
  for
• 4:38
  example,
• 4:39
  they
• 4:39
  will
• 4:39
  more
• 4:40
  look
• 4:40
  at
• 4:40
  a
• 4:40
  new
• 4:40
  build
• 4:41
  property
• 4:41
  versus
• 4:41
  an
• 4:42
  existing
• 4:42
  property.
• 4:43
  Why
• 4:43
  is
• 4:44
  that?
• 4:44
  You
• 4:44
  actually
• 4:44
  need
• 4:45
  a
• 4:45
  smaller
• 4:45
  deposit.
• 4:46
  From
• 4:47
  a
• 4:47
  lending
• 4:47
  perspective
• 4:48
  you
• 4:49
  get
• 4:49
  a
• 4:49
  master
• 4:49
  build
• 4:49
  guarantee
• 4:50
  for
• 4:51
  10
• 4:51
  years
• 4:51
  which
• 4:52
  historically
• 4:53
  has
• 4:53
  been
• 4:54
  about
• 4:54
  a
• 4:54
  cycle
• 4:55
  in
• 4:55
  terms
• 4:55
  of
• 4:55
  property
• 4:56
  at
• 4:56
  which
• 4:56
  time
• 4:57
  it's
• 4:57
  doubled.
• 4:58
  So
• 4:58
  you've
• 4:58
  kind
• 4:59
  of
• 4:59
  de
• 4:59
  risked
• 5:00
  it
• 5:00
  from
• 5:00
  a
• 5:00
  repairs
• 5:01
  and
• 5:01
  maintenance
• 5:01
  perspective
• 5:02
  which
• 5:02
  can
• 5:03
  force
• 5:04
  your
• 5:04
  hand
• 5:05
  in
• 5:05
  having
• 5:05
  to
• 5:06
  sell
• 5:06
  a
• 5:06
  property
• 5:06
  at
• 5:07
  a
• 5:07
  suboptimal
• 5:08
  time
• 5:08
  cause
• 5:08
  it's
• 5:09
  cyclical.
• 5:10
  And
• 5:10
  also
• 5:10
  generally
• 5:11
  a
• 5:11
  newer
• 5:11
  property
• 5:12
  attracts
• 5:12
  really
• 5:12
  good
• 5:13
  solid
• 5:13
  tenants
• 5:13
  which
• 5:14
  is
• 5:14
  really
• 5:14
  useful
• 5:14
  in
• 5:15
  terms
• 5:15
  of
• 5:15
  longevity
• 5:16
  and
• 5:16
  protecting
• 5:17
  that
• 5:17
  asset.
• 5:18
  So
• 5:18
  sometimes
• 5:19
  it's
• 5:19
  the
• 5:19
  entry
• 5:19
  points
• 5:20
  that
• 5:20
  people
• 5:20
  are
• 5:20
  looking
• 5:21
  at
• 5:21
  in
• 5:22
  terms
• 5:22
  of
• 5:22
  the
• 5:22
  mechanics
• 5:23
  of
• 5:23
  what
• 5:23
  is
• 5:24
  the
• 5:24
  right
• 5:24
  property
• 5:25
  to
• 5:25
  buy
• 5:26
  for
• 5:26
  them.
• 5:26
  And
• 5:27
  everyone's
• 5:27
  Different.
• 5:28
  That
• 5:28
  is
• 5:29
  such
• 5:29
  a
• 5:29
  solid
• 5:30
  tip
• 5:30
  to
• 5:30
  look
• 5:31
  for
• 5:31
  the
• 5:31
  new
• 5:31
  builds.
• 5:31
  I
• 5:32
  think
• 5:32
  so
• 5:32
  too,
• 5:32
  yeah.
• 5:33
  Cause
• 5:33
  again,
• 5:34
  it's
• 5:34
  always,
• 5:34
  well,
• 5:35
  not
• 5:36
  what
• 5:36
  will
• 5:36
  happen
• 5:36
  when
• 5:37
  everything's
• 5:37
  perfect.
• 5:38
  It's
• 5:38
  well,
• 5:38
  when
• 5:38
  the
• 5:39
  tide
• 5:39
  goes
• 5:39
  out,
• 5:40
  let's
• 5:40
  make
• 5:40
  sure
• 5:40
  no
• 5:40
  one's
• 5:41
  swimming
• 5:41
  naked.
• 5:41
  And
• 5:42
  it's
• 5:42
  really
• 5:42
  protective
• 5:42
  for
• 5:43
  your
• 5:43
  position.
• 5:44
  100%
• 5:45
  because
• 5:46
  that
• 5:46
  was
• 5:46
  the
• 5:46
  other
• 5:46
  thing
• 5:46
  I
• 5:46
  was
• 5:46
  going
• 5:46
  to
• 5:46
  ask
• 5:47
  as
• 5:47
  well
• 5:47
  in
• 5:47
  those
• 5:47
  early
• 5:47
  years,
• 5:49
  is
• 5:49
  it
• 5:49
  maybe
• 5:49
  unrealistic
• 5:50
  to
• 5:51
  think,
• 5:51
  you
• 5:51
  know,
• 5:51
  I
• 5:51
  don't
• 5:51
  think
• 5:52
  the
• 5:52
  rents
• 5:52
  would
• 5:52
  fully
• 5:52
  cover
• 5:53
  the
• 5:53
  mortgage
• 5:53
  of
• 5:53
  the
• 5:53
  places
• 5:54
  that
• 5:54
  I'm
• 5:54
  looking
• 5:54
  at
• 5:55
  in
• 5:55
  the
• 5:56
  first
• 5:56
  few
• 5:56
  years
• 5:57
  of
• 5:57
  having
• 5:57
  an
• 5:57
  investment
• 5:58
  property.
• 5:58
  Do
• 5:58
  you
• 5:59
  even
• 5:59
  expect
• 5:59
  that?
• 5:59
  Yeah,
• 6:00
  you're
• 6:00
  dead
• 6:00
  right,
• 6:00
  it
• 6:01
  is
• 6:01
  unrealistic.
• 6:02
  And
• 6:03
  if
• 6:03
  it
• 6:03
  is,
• 6:03
  is
• 6:03
  covering
• 6:04
  it
• 6:04
  right
• 6:04
  from
• 6:05
  the
• 6:05
  get
• 6:05
  go,
• 6:06
  I
• 6:07
  wonder
• 6:07
  if
• 6:07
  that's
• 6:07
  going
• 6:08
  to
• 6:08
  be
• 6:08
  the
• 6:08
  right
• 6:08
  property
• 6:09
  overall
• 6:10
  because
• 6:10
  there's
• 6:10
  generally
• 6:11
  historically
• 6:12
  an
• 6:12
  inverse
• 6:13
  relationship
• 6:14
  between
• 6:14
  yield
• 6:16
  or
• 6:16
  the
• 6:16
  rent
• 6:16
  you
• 6:17
  receive
• 6:17
  and
• 6:17
  the
• 6:18
  capital
• 6:18
  gain
• 6:19
  prospects
• 6:19
  of
• 6:19
  a
• 6:20
  property.
• 6:20
  So
• 6:20
  it
• 6:21
  might
• 6:21
  be
• 6:21
  one
• 6:21
  that
• 6:21
  doesn't
• 6:21
  go
• 6:22
  up
• 6:22
  in
• 6:22
  value
• 6:22
  as
• 6:22
  well.
• 6:22
  You
• 6:23
  said.
• 6:23
  Right.
• 6:23
  So
• 6:24
  if
• 6:24
  you
• 6:24
  ran
• 6:24
  the
• 6:24
  numbers
• 6:25
  for
• 6:25
  example,
• 6:26
  on
• 6:26
  a
• 6:27
  apartment,
• 6:28
  maybe
• 6:29
  in
• 6:29
  central
• 6:29
  city
• 6:30
  Auckland,
• 6:31
  so
• 6:32
  a
• 6:33
  cheaper
• 6:34
  price
• 6:34
  point
• 6:34
  in
• 6:35
  terms
• 6:35
  of
• 6:35
  getting
• 6:35
  into,
• 6:36
  on
• 6:36
  paper
• 6:37
  a
• 6:37
  higher
• 6:38
  yield,
• 6:39
  but
• 6:39
  the
• 6:40
  capital
• 6:41
  gain
• 6:42
  of
• 6:42
  that
• 6:42
  apartment
• 6:43
  might
• 6:43
  be
• 6:44
  less
• 6:44
  in
• 6:44
  terms
• 6:45
  of
• 6:45
  you
• 6:45
  can
• 6:45
  just
• 6:45
  keep
• 6:46
  building
• 6:46
  more
• 6:46
  apartments
• 6:48
  in
• 6:48
  terms
• 6:48
  of
• 6:48
  that
• 6:48
  scarcity
• 6:49
  piece
• 6:49
  versus
• 6:50
  a
• 6:51
  bit
• 6:51
  of
• 6:51
  dirt
• 6:51
  that
• 6:52
  you
• 6:52
  have
• 6:52
  attached
• 6:53
  to
• 6:53
  a
• 6:53
  property
• 6:53
  in
• 6:54
  Christchurch,
• 6:54
  for
• 6:54
  example,
• 6:55
  how
• 6:55
  long
• 6:56
  do
• 6:56
  you.
• 6:56
  Think
• 6:56
  is
• 6:56
  realistic
• 6:57
  to
• 6:58
  hope
• 6:58
  that
• 6:58
  that
• 6:58
  rent
• 6:59
  could
• 6:59
  start
• 6:59
  covering
• 6:59
  the
• 7:00
  mortgage
• 7:00
  and
• 7:00
  you
• 7:00
  don't
• 7:00
  have
• 7:00
  to
• 7:00
  chop
• 7:01
  it
• 7:01
  up
• 7:01
  as
• 7:01
  much
• 7:01
  that
• 7:01
  it
• 7:01
  starts
• 7:02
  to
• 7:02
  require
• 7:02
  a
• 7:02
  little
• 7:02
  bit
• 7:02
  less
• 7:03
  from
• 7:03
  you?
• 7:03
  Financial.
• 7:04
  Yeah,
• 7:04
  and
• 7:04
  it
• 7:05
  actually
• 7:05
  depends,
• 7:05
  Frances,
• 7:06
  in
• 7:07
  terms
• 7:07
  of
• 7:07
  the
• 7:07
  property
• 7:08
  fundamentals
• 7:09
  in
• 7:09
  terms
• 7:09
  of
• 7:09
  growth,
• 7:09
  but
• 7:10
  also
• 7:10
  your
• 7:10
  own
• 7:11
  situation.
• 7:12
  And
• 7:13
  so
• 7:14
  because
• 7:14
  all
• 7:15
  debt
• 7:15
  isn't
• 7:15
  equal,
• 7:16
  so
• 7:16
  again
• 7:17
  there
• 7:17
  are
• 7:17
  layers
• 7:18
  in
• 7:18
  terms
• 7:18
  of
• 7:18
  your
• 7:18
  financial
• 7:19
  strategy.
• 7:20
  So
• 7:20
  if
• 7:21
  you
• 7:21
  have
• 7:21
  a
• 7:21
  home
• 7:21
  mortgage,
• 7:22
  you
• 7:23
  are
• 7:23
  not
• 7:23
  going
• 7:23
  to
• 7:23
  be
• 7:23
  directing
• 7:24
  as
• 7:24
  much
• 7:25
  in
• 7:25
  terms
• 7:25
  of
• 7:25
  the
• 7:25
  rental
• 7:26
  because
• 7:26
  that's
• 7:27
  tax
• 7:27
  deductible
• 7:27
  debt.
• 7:28
  So
• 7:28
  for
• 7:28
  lots
• 7:28
  of
• 7:29
  people
• 7:29
  in
• 7:29
  lots
• 7:29
  of
• 7:29
  situations,
• 7:31
  not
• 7:31
  individual
• 7:31
  advice,
• 7:32
  if
• 7:32
  they
• 7:33
  have
• 7:33
  a
• 7:33
  home
• 7:33
  mortgage,
• 7:34
  their
• 7:34
  rental
• 7:35
  will
• 7:35
  be
• 7:35
  on
• 7:35
  interest
• 7:35
  only.
• 7:36
  So
• 7:36
  that's
• 7:36
  going
• 7:36
  to
• 7:37
  take
• 7:37
  a
• 7:37
  little
• 7:37
  bit
• 7:37
  longer
• 7:38
  to
• 7:38
  pay
• 7:38
  off.
• 7:39
  But
• 7:39
  the
• 7:39
  great
• 7:39
  thing
• 7:39
  about
• 7:40
  property
• 7:40
  is
• 7:40
  that
• 7:41
  generally
• 7:41
  rent
• 7:41
  goes
• 7:42
  up
• 7:42
  with
• 7:42
  inflation
• 7:43
  in
• 7:43
  time.
• 7:43
  So
• 7:43
  again
• 7:44
  that's
• 7:44
  really
• 7:44
  protective
• 7:45
  for
• 7:45
  your
• 7:45
  position.
• 7:46
  So
• 7:46
  it
• 7:46
  really
• 7:46
  is
• 7:47
  situation
• 7:48
  dependent.
• 7:48
  But
• 7:49
  again,
• 7:49
  if
• 7:49
  you've
• 7:49
  bought
• 7:50
  really
• 7:50
  well
• 7:50
  in
• 7:51
  terms
• 7:51
  of
• 7:52
  drivers
• 7:52
  for
• 7:53
  growth,
• 7:53
  that
• 7:53
  is
• 7:54
  it
• 7:54
  will
• 7:54
  cover
• 7:55
  or
• 7:55
  wash
• 7:56
  its
• 7:56
  own
• 7:56
  face
• 7:56
  sooner
• 7:57
  rather
• 7:57
  than
• 7:57
  later.
• 7:59
  Not
• 7:59
  so
• 7:59
  fun
• 8:00
  fact.
• 8:00
  When
• 8:01
  you
• 8:01
  take
• 8:01
  on
• 8:01
  a
• 8:01
  30
• 8:02
  year
• 8:02
  mortgage,
• 8:03
  you'll
• 8:03
  probably
• 8:03
  pay
• 8:04
  more
• 8:04
  than
• 8:04
  double
• 8:05
  what
• 8:05
  you
• 8:05
  originally
• 8:06
  borrowed
• 8:07
  because
• 8:07
  of
• 8:07
  the
• 8:07
  cost
• 8:07
  of
• 8:08
  interest.
• 8:09
  That's
• 8:09
  probably
• 8:10
  not
• 8:10
  the
• 8:10
  Kiwi
• 8:11
  dream.
• 8:11
  You
• 8:11
  bought
• 8:11
  into
• 8:12
  the
• 8:13
  team
• 8:13
  at
• 8:13
  EnableMe.
• 8:14
  Specialise
• 8:14
  in
• 8:15
  taking
• 8:15
  charge
• 8:15
  of
• 8:15
  your
• 8:16
  money
• 8:16
  and
• 8:16
  growing
• 8:17
  your
• 8:17
  wealth,
• 8:18
  including
• 8:18
  how
• 8:19
  to
• 8:19
  get
• 8:19
  rid
• 8:19
  of
• 8:19
  your
• 8:19
  mortgage
• 8:20
  faster.
• 8:21
  Book
• 8:21
  a
• 8:21
  consultation
• 8:22
  with
• 8:22
  an
• 8:22
  EnableMe
• 8:23
  financial
• 8:23
  advisor
• 8:24
  today
• 8:25
  by
• 8:25
  visiting
• 8:25
  Enable
• 8:26
  Me.
• 8:27
  It's
• 8:28
  not
• 8:28
  just
• 8:29
  what
• 8:29
  type
• 8:30
  of
• 8:30
  property.
• 8:30
  Right.
• 8:30
  There's
• 8:31
  also
• 8:31
  options
• 8:31
  for.
• 8:32
  Where
• 8:33
  would
• 8:33
  that
• 8:33
  factor
• 8:33
  in
• 8:33
  with
• 8:34
  clients?
• 8:34
  Absolutely.
• 8:35
  And
• 8:36
  I
• 8:37
  think
• 8:37
  the
• 8:37
  south
• 8:37
  island
• 8:38
  is
• 8:38
  a
• 8:38
  really
• 8:39
  good
• 8:40
  strong
• 8:40
  story
• 8:41
  in
• 8:41
  terms
• 8:42
  of
• 8:42
  drivers
• 8:42
  for
• 8:43
  growth.
• 8:44
  Christchurch,
• 8:45
  Queenstown,
• 8:46
  Invercargill,
• 8:47
  lots
• 8:48
  of
• 8:48
  places
• 8:48
  in
• 8:48
  the
• 8:49
  South
• 8:49
  Island.
• 8:49
  Even
• 8:50
  at
• 8:50
  this
• 8:50
  kind
• 8:50
  of
• 8:50
  lower
• 8:51
  ebb
• 8:51
  in
• 8:51
  terms
• 8:51
  of
• 8:52
  the
• 8:52
  property
• 8:52
  cycle
• 8:53
  where,
• 8:53
  which
• 8:53
  remember
• 8:54
  is
• 8:54
  generally
• 8:55
  when
• 8:55
  people
• 8:56
  historically
• 8:56
  have
• 8:56
  put
• 8:57
  themselves
• 8:57
  in
• 8:57
  a
• 8:57
  best
• 8:57
  position
• 8:58
  to
• 8:58
  make
• 8:59
  better
• 8:59
  gains
• 8:59
  into
• 9:00
  the
• 9:00
  future,
• 9:01
  they
• 9:01
  have
• 9:01
  had
• 9:02
  strong
• 9:02
  fundamentals
• 9:03
  in
• 9:03
  terms
• 9:04
  of
• 9:04
  growth,
• 9:05
  rent,
• 9:06
  et
• 9:06
  cetera.
• 9:07
  There's
• 9:07
  a
• 9:07
  real
• 9:07
  buoyancy
• 9:08
  versus
• 9:09
  if
• 9:09
  you're
• 9:09
  sat
• 9:10
  in
• 9:10
  Wellington
• 9:11
  or
• 9:11
  Auckland,
• 9:12
  which
• 9:12
  seems
• 9:13
  to
• 9:13
  catch
• 9:13
  lots
• 9:13
  of
• 9:13
  the
• 9:14
  headlines
• 9:15
  where
• 9:15
  the
• 9:15
  property
• 9:16
  market
• 9:16
  and
• 9:16
  even
• 9:17
  the
• 9:17
  job
• 9:17
  market
• 9:17
  is
• 9:18
  just
• 9:18
  more
• 9:18
  challenging
• 9:19
  for
• 9:19
  lots
• 9:19
  of
• 9:19
  people
• 9:20
  at
• 9:20
  the
• 9:20
  moment.
• 9:21
  So
• 9:22
  it's
• 9:22
  a
• 9:22
  matter
• 9:22
  of
• 9:22
  casting
• 9:23
  your
• 9:23
  eyes
• 9:24
  wider
• 9:25
  and
• 9:25
  actually
• 9:26
  I'm
• 9:26
  in
• 9:26
  Auckland,
• 9:28
  I
• 9:28
  strongly
• 9:29
  advocate
• 9:30
  for
• 9:30
  my
• 9:30
  clients
• 9:31
  to
• 9:31
  have
• 9:32
  property
• 9:33
  outside
• 9:33
  of
• 9:34
  where
• 9:34
  they
• 9:34
  live
• 9:34
  as
• 9:35
  well.
• 9:35
  Just
• 9:35
  in
• 9:36
  terms
• 9:36
  of
• 9:36
  risk
• 9:37
  mitigation.
• 9:38
  We
• 9:38
  live
• 9:38
  in
• 9:38
  New
• 9:38
  Zealand,
• 9:40
  weather
• 9:40
  events,
• 9:41
  et
• 9:41
  cetera,
• 9:42
  natural
• 9:42
  hazards.
• 9:43
  It's
• 9:43
  a
• 9:43
  risk
• 9:43
  mitigant.
• 9:44
  So
• 9:45
  just
• 9:45
  because
• 9:45
  it
• 9:45
  might
• 9:46
  be
• 9:46
  challenging
• 9:47
  at
• 9:47
  this
• 9:47
  point
• 9:48
  in
• 9:48
  time,
• 9:48
  it
• 9:48
  will
• 9:49
  not
• 9:49
  always
• 9:49
  be
• 9:50
  challenging.
• 9:51
  You
• 9:51
  gotta
• 9:52
  look
• 9:52
  at
• 9:52
  that
• 9:52
  wider
• 9:53
  picture
• 9:53
  in
• 9:54
  terms
• 9:54
  of
• 9:54
  New
• 9:54
  Zealand.
• 9:55
  Cause
• 9:55
  there's
• 9:55
  some
• 9:55
  really
• 9:55
  good
• 9:56
  stories
• 9:57
  in
• 9:57
  terms
• 9:57
  of
• 9:58
  growth
• 9:58
  and
• 9:58
  my
• 9:58
  clients
• 9:59
  have
• 9:59
  done
• 9:59
  fantastically
• 10:00
  well
• 10:01
  of
• 10:01
  late,
• 10:02
  even
• 10:02
  in
• 10:02
  this
• 10:02
  market
• 10:03
  by
• 10:03
  buying
• 10:04
  really
• 10:04
  well.
• 10:05
  It's
• 10:05
  not
• 10:05
  just
• 10:06
  buy
• 10:06
  any
• 10:06
  property,
• 10:07
  it's
• 10:07
  buying
• 10:07
  the
• 10:07
  right
• 10:08
  one
• 10:08
  for
• 10:08
  you
• 10:09
  from
• 10:09
  a
• 10:09
  dynamics
• 10:10
  perspective.
• 10:11
  So
• 10:11
  yield
• 10:11
  is
• 10:11
  important
• 10:12
  because
• 10:13
  that
• 10:13
  again
• 10:14
  helps
• 10:14
  you
• 10:15
  hold
• 10:15
  it.
• 10:16
  But
• 10:16
  you've
• 10:16
  gotta
• 10:16
  understand
• 10:17
  well,
• 10:17
  what
• 10:17
  is
• 10:17
  the
• 10:17
  right
• 10:18
  one
• 10:18
  for
• 10:18
  me?
• 10:18
  And
• 10:19
  be
• 10:19
  asking
• 10:19
  the
• 10:19
  right
• 10:20
  questions.
• 10:21
  Are
• 10:21
  there
• 10:21
  any
• 10:22
  parts
• 10:22
  of
• 10:22
  the
• 10:22
  country
• 10:22
  in
• 10:23
  particular
• 10:23
  that
• 10:23
  you
• 10:23
  think
• 10:24
  are
• 10:24
  looking
• 10:24
  really
• 10:24
  good
• 10:24
  right
• 10:24
  now
• 10:25
  or
• 10:25
  is
• 10:25
  it
• 10:25
  just
• 10:26
  cast
• 10:26
  a
• 10:26
  wide
• 10:27
  net?
• 10:27
  Start
• 10:27
  hunting
• 10:27
  for
• 10:28
  those
• 10:28
  gems.
• 10:29
  I
• 10:29
  do
• 10:29
  like
• 10:30
  lots
• 10:30
  of
• 10:31
  property
• 10:32
  in
• 10:32
  the
• 10:32
  south
• 10:32
  island,
• 10:33
  but
• 10:33
  again
• 10:33
  there's
• 10:34
  bargains
• 10:34
  to
• 10:34
  be
• 10:35
  had
• 10:35
  in
• 10:35
  Auckland
• 10:36
  as
• 10:36
  well.
• 10:36
  But
• 10:37
  again
• 10:37
  they've
• 10:37
  got
• 10:37
  to
• 10:38
  have
• 10:38
  the
• 10:38
  strong
• 10:39
  fundamentals
• 10:39
  in
• 10:40
  place
• 10:40
  in
• 10:40
  terms
• 10:41
  of
• 10:41
  strong
• 10:42
  rental
• 10:43
  demand,
• 10:44
  in
• 10:44
  terms
• 10:44
  of
• 10:44
  that
• 10:45
  protects
• 10:45
  your
• 10:45
  yield,
• 10:46
  that
• 10:46
  capital
• 10:47
  growth
• 10:48
  prospects
• 10:48
  in
• 10:48
  terms
• 10:49
  of
• 10:50
  drivers
• 10:50
  of
• 10:51
  why
• 10:51
  it
• 10:51
  will
• 10:51
  grow
• 10:52
  into
• 10:52
  the
• 10:53
  future,
• 10:53
  that's
• 10:53
  important.
• 10:55
  And
• 10:56
  also
• 10:56
  the
• 10:57
  dynamics
• 10:57
  of
• 10:57
  what
• 10:58
  you
• 10:58
  buy
• 10:58
  in
• 10:58
  terms
• 10:59
  of
• 10:59
  cash
• 10:59
  flow.
• 11:00
  So
• 11:00
  you
• 11:01
  Got
• 11:01
  to
• 11:01
  be
• 11:01
  mindful
• 11:02
  of
• 11:03
  repairs
• 11:03
  and
• 11:03
  maintenance,
• 11:04
  et
• 11:04
  cetera,
• 11:04
  of
• 11:05
  a
• 11:05
  particular
• 11:05
  property.
• 11:06
  And
• 11:06
  that's
• 11:06
  more
• 11:06
  of
• 11:07
  a
• 11:07
  thing
• 11:07
  in
• 11:07
  terms
• 11:07
  of
• 11:07
  older
• 11:08
  dwellings
• 11:08
  because
• 11:08
  that
• 11:09
  eats
• 11:09
  into
• 11:09
  that
• 11:09
  capital
• 11:10
  gain
• 11:10
  100%.
• 11:11
  Yep.
• 11:12
  Do
• 11:12
  not
• 11:13
  miss
• 11:13
  those
• 11:14
  sneaky
• 11:15
  costs
• 11:15
  because
• 11:15
  they
• 11:16
  can
• 11:16
  be,
• 11:16
  they
• 11:16
  can
• 11:16
  actually
• 11:16
  be
• 11:17
  really,
• 11:17
  really
• 11:17
  big.
• 11:18
  When
• 11:18
  you're
• 11:18
  checking
• 11:19
  some
• 11:19
  of
• 11:19
  those
• 11:19
  drivers
• 11:20
  of
• 11:20
  making
• 11:21
  something
• 11:21
  a
• 11:21
  good
• 11:21
  investment
• 11:22
  property,
• 11:22
  how
• 11:22
  do
• 11:23
  you
• 11:23
  check
• 11:23
  out
• 11:23
  some
• 11:23
  of
• 11:23
  those?
• 11:23
  Is
• 11:24
  it
• 11:24
  keeping
• 11:24
  an
• 11:24
  eye
• 11:24
  on
• 11:25
  listings
• 11:25
  or
• 11:25
  something
• 11:25
  else?
• 11:26
  Yeah,
• 11:27
  there's
• 11:27
  really
• 11:27
  good
• 11:27
  stats
• 11:28
  out
• 11:28
  there
• 11:28
  if
• 11:28
  you
• 11:28
  look
• 11:29
  in
• 11:29
  terms
• 11:29
  of
• 11:30
  realestate,
• 11:31
  co
• 11:31
  NZ,
• 11:32
  et
• 11:32
  cetera.
• 11:33
  But
• 11:33
  I
• 11:34
  think
• 11:34
  it
• 11:34
  also
• 11:34
  comes
• 11:35
  down
• 11:35
  to
• 11:35
  your
• 11:35
  situation
• 11:36
  and
• 11:37
  your
• 11:37
  capacity
• 11:38
  and
• 11:38
  what's
• 11:39
  available
• 11:39
  to
• 11:40
  you
• 11:40
  in
• 11:40
  terms
• 11:41
  of,
• 11:42
  well,
• 11:43
  how
• 11:43
  are
• 11:43
  you
• 11:43
  going
• 11:43
  to
• 11:43
  get
• 11:43
  the
• 11:44
  deposit?
• 11:44
  That's
• 11:45
  important
• 11:46
  and
• 11:47
  I
• 11:47
  think
• 11:47
  that
• 11:48
  is
• 11:48
  misunderstood
• 11:49
  by
• 11:49
  lots
• 11:49
  of
• 11:50
  people
• 11:50
  as
• 11:50
  well.
• 11:51
  So
• 11:51
  I
• 11:51
  was
• 11:51
  sitting
• 11:52
  with
• 11:52
  some
• 11:52
  clients
• 11:52
  the
• 11:53
  other
• 11:53
  day
• 11:53
  and
• 11:54
  they
• 11:54
  had
• 11:55
  almost
• 11:55
  paid
• 11:55
  off
• 11:55
  their
• 11:55
  mortgage
• 11:56
  and
• 11:56
  they're
• 11:56
  like,
• 11:56
  right,
• 11:57
  we're
• 11:57
  so
• 11:57
  excited
• 11:57
  we're
• 11:58
  going
• 11:58
  to
• 11:58
  buy
• 11:58
  a
• 11:58
  property,
• 11:59
  so
• 11:59
  how
• 12:00
  long
• 12:00
  do
• 12:00
  you
• 12:00
  think
• 12:00
  it
• 12:00
  will
• 12:01
  take
• 12:01
  us
• 12:01
  to
• 12:02
  save
• 12:02
  the
• 12:02
  deposit?
• 12:03
  And
• 12:03
  I'm
• 12:03
  like,
• 12:04
  you
• 12:04
  could
• 12:04
  buy
• 12:04
  it
• 12:04
  tomorrow,
• 12:05
  you've
• 12:05
  got
• 12:05
  all
• 12:05
  that
• 12:06
  equity
• 12:06
  set
• 12:06
  in
• 12:06
  your
• 12:07
  property,
• 12:08
  not
• 12:08
  doing
• 12:08
  anything
• 12:08
  at
• 12:09
  the
• 12:09
  moment,
• 12:09
  so
• 12:10
  you
• 12:10
  can
• 12:10
  use
• 12:10
  that
• 12:11
  in
• 12:11
  terms
• 12:11
  of
• 12:12
  deposit.
• 12:12
  And
• 12:12
  I
• 12:12
  think
• 12:12
  that's
• 12:13
  a
• 12:13
  really
• 12:14
  positive
• 12:15
  fundamental
• 12:16
  in
• 12:16
  terms
• 12:17
  of
• 12:18
  property
• 12:18
  investing
• 12:19
  because
• 12:19
  for
• 12:19
  most
• 12:19
  of
• 12:20
  us
• 12:20
  we
• 12:20
  don't
• 12:21
  have
• 12:21
  money
• 12:21
  chilling
• 12:22
  in
• 12:22
  the
• 12:22
  bank
• 12:22
  account
• 12:22
  waiting
• 12:23
  for
• 12:23
  us
• 12:23
  to
• 12:24
  invest.
• 12:25
  But
• 12:25
  we
• 12:25
  potentially
• 12:26
  do
• 12:26
  have
• 12:26
  equity
• 12:26
  in
• 12:27
  our
• 12:27
  home
• 12:27
  and
• 12:28
  I
• 12:28
  think
• 12:28
  that
• 12:28
  ability
• 12:29
  to
• 12:29
  leverage
• 12:30
  that
• 12:30
  is
• 12:30
  really
• 12:31
  powerful
• 12:31
  in
• 12:32
  terms
• 12:32
  of
• 12:33
  bigger
• 12:34
  growth
• 12:34
  potential
• 12:35
  into
• 12:35
  the
• 12:35
  future.
• 12:36
  But
• 12:36
  like
• 12:36
  anything
• 12:36
  you've
• 12:37
  got,
• 12:37
  you've
• 12:37
  got
• 12:37
  to
• 12:37
  do
• 12:37
  it
• 12:38
  well.
• 12:38
  And
• 12:38
  that
• 12:39
  knowing
• 12:39
  and
• 12:39
  understanding
• 12:40
  your
• 12:40
  cash
• 12:40
  flow
• 12:41
  and
• 12:41
  how
• 12:41
  you
• 12:41
  might
• 12:42
  be
• 12:42
  able
• 12:42
  to
• 12:42
  top
• 12:42
  up
• 12:42
  a
• 12:43
  property
• 12:43
  is
• 12:43
  really
• 12:43
  important
• 12:44
  because
• 12:45
  in
• 12:45
  essence
• 12:45
  you
• 12:45
  buy
• 12:46
  the
• 12:46
  right
• 12:46
  one
• 12:46
  and
• 12:46
  have
• 12:47
  the
• 12:47
  ability
• 12:47
  to
• 12:47
  hold
• 12:48
  it
• 12:48
  through
• 12:48
  a
• 12:48
  cycle.
• 12:49
  Really
• 12:49
  important.
• 12:50
  Yeah.
• 12:51
  If
• 12:51
  someone
• 12:51
  is
• 12:52
  looking
• 12:52
  into
• 12:52
  another
• 12:52
  part
• 12:53
  of
• 12:53
  the
• 12:53
  country,
• 12:54
  how
• 12:54
  difficult
• 12:55
  is
• 12:55
  it
• 12:55
  to
• 12:56
  both
• 12:56
  find
• 12:57
  and
• 12:58
  then
• 12:58
  potentially
• 12:59
  manage
• 13:00
  an
• 13:00
  investment
• 13:00
  property
• 13:01
  in
• 13:01
  a
• 13:01
  different
• 13:02
  city
• 13:02
  from
• 13:02
  where
• 13:02
  you
• 13:02
  live?
• 13:03
  I
• 13:03
  encourage
• 13:03
  you
• 13:03
  to
• 13:04
  work
• 13:04
  with
• 13:04
  good
• 13:05
  people
• 13:05
  in
• 13:05
  terms
• 13:06
  of
• 13:08
  real
• 13:08
  estate
• 13:09
  agents.
• 13:10
  But
• 13:10
  also
• 13:11
  going
• 13:11
  into
• 13:11
  it
• 13:12
  actually
• 13:12
  knowing
• 13:13
  your
• 13:13
  criteria
• 13:14
  is
• 13:14
  really
• 13:15
  important.
• 13:16
  And
• 13:16
  to
• 13:16
  be
• 13:16
  honest,
• 13:17
  Francis,
• 13:17
  for
• 13:17
  all
• 13:18
  of
• 13:18
  my
• 13:18
  clients
• 13:18
  who
• 13:18
  invest
• 13:19
  in
• 13:19
  property,
• 13:20
  it's
• 13:20
  almost
• 13:20
  a
• 13:20
  non
• 13:21
  negotiable
• 13:21
  for
• 13:21
  me
• 13:22
  that
• 13:22
  they
• 13:22
  get
• 13:22
  it
• 13:22
  managed.
• 13:23
  So
• 13:23
  again,
• 13:24
  I
• 13:24
  think
• 13:24
  it
• 13:25
  de
• 13:25
  risks
• 13:25
  the
• 13:25
  proposition.
• 13:27
  Most
• 13:27
  of
• 13:27
  my
• 13:27
  clients
• 13:27
  just
• 13:27
  don't
• 13:28
  have
• 13:28
  the
• 13:28
  time
• 13:28
  nor
• 13:28
  the
• 13:28
  inclination
• 13:29
  to
• 13:29
  muck
• 13:30
  around
• 13:30
  with
• 13:31
  kind
• 13:31
  of
• 13:31
  managing
• 13:32
  that.
• 13:32
  And
• 13:32
  it's
• 13:33
  a
• 13:33
  tax
• 13:33
  deductible
• 13:34
  expense.
• 13:34
  So
• 13:35
  just
• 13:35
  makes
• 13:35
  sense.
• 13:36
  And
• 13:36
  I
• 13:36
  think
• 13:37
  as
• 13:37
  well,
• 13:37
  you
• 13:37
  know,
• 13:38
  when
• 13:38
  it's
• 13:38
  an
• 13:38
  investment
• 13:39
  property,
• 13:39
  obviously
• 13:39
  someone
• 13:39
  will
• 13:40
  be
• 13:40
  living
• 13:40
  that,
• 13:40
  that
• 13:40
  will
• 13:41
  be
• 13:41
  their
• 13:41
  home.
• 13:42
  And
• 13:42
  there's
• 13:42
  a
• 13:42
  lot
• 13:42
  of
• 13:42
  rules
• 13:43
  for
• 13:43
  a
• 13:43
  very
• 13:43
  good
• 13:43
  reason.
• 13:44
  You
• 13:44
  actually
• 13:44
  kind
• 13:44
  of
• 13:44
  don't
• 13:45
  want
• 13:45
  to
• 13:45
  mess
• 13:45
  up
• 13:46
  managing
• 13:46
  a
• 13:46
  property.
• 13:46
  It
• 13:46
  has
• 13:47
  quite
• 13:47
  big
• 13:47
  impacts.
• 13:48
  Yeah.
• 13:48
  And
• 13:48
  I
• 13:48
  think
• 13:49
  that's
• 13:49
  why
• 13:49
  lots
• 13:49
  of
• 13:49
  my
• 13:50
  clients
• 13:50
  more
• 13:50
  lean
• 13:51
  into
• 13:51
  that
• 13:51
  newer
• 13:51
  build
• 13:52
  property
• 13:53
  because
• 13:53
  they're
• 13:53
  well
• 13:53
  built,
• 13:54
  they're
• 13:54
  up
• 13:54
  to
• 13:55
  code
• 13:55
  and
• 13:56
  standard
• 13:57
  and
• 13:57
  they
• 13:57
  know
• 13:57
  it's
• 13:57
  going
• 13:57
  to
• 13:58
  be
• 13:58
  a
• 13:58
  good
• 13:59
  home
• 13:59
  for
• 14:00
  someone,
• 14:00
  which
• 14:01
  is
• 14:01
  really
• 14:01
  dearly
• 14:02
  needed
• 14:02
  as
• 14:02
  well.
• 14:03
  From
• 14:03
  an
• 14:03
  ethical
• 14:03
  perspective.
• 14:04
  You
• 14:05
  know,
• 14:05
  we
• 14:05
  should
• 14:05
  be
• 14:05
  housing
• 14:06
  our
• 14:06
  people
• 14:07
  in
• 14:07
  terms
• 14:08
  of
• 14:08
  really
• 14:08
  good
• 14:09
  properties.
• 14:10
  On
• 14:10
  that
• 14:11
  as
• 14:11
  well.
• 14:11
  And
• 14:11
  this
• 14:11
  kind
• 14:12
  of
• 14:12
  leans
• 14:12
  into
• 14:12
  a
• 14:12
  point
• 14:13
  you
• 14:13
  made
• 14:13
  a
• 14:13
  bit
• 14:13
  earlier.
• 14:14
  Is
• 14:14
  there
• 14:15
  a
• 14:15
  difference
• 14:16
  when
• 14:16
  someone
• 14:16
  is
• 14:16
  hunting
• 14:17
  for
• 14:17
  an
• 14:17
  investment
• 14:17
  property,
• 14:18
  obviously
• 14:18
  price
• 14:19
  is
• 14:19
  important.
• 14:19
  Is
• 14:20
  there
• 14:20
  a
• 14:20
  difference
• 14:20
  though
• 14:20
  between
• 14:21
  a
• 14:21
  bargain
• 14:21
  and
• 14:22
  something
• 14:22
  that's
• 14:22
  cheap
• 14:22
  for
• 14:22
  a
• 14:22
  reason?
• 14:23
  100%.
• 14:24
  And
• 14:25
  so
• 14:25
  again,
• 14:25
  it's
• 14:25
  still
• 14:25
  gotta
• 14:26
  have
• 14:26
  the
• 14:26
  fundamentals
• 14:27
  in
• 14:27
  terms
• 14:27
  of
• 14:28
  rental
• 14:28
  demand,
• 14:29
  capital
• 14:29
  growth,
• 14:31
  et
• 14:31
  cetera.
• 14:32
  It
• 14:32
  just
• 14:32
  might
• 14:32
  be
• 14:32
  a
• 14:33
  point
• 14:33
  of
• 14:33
  time
• 14:34
  where
• 14:34
  you
• 14:35
  have
• 14:35
  an
• 14:35
  opportunity,
• 14:36
  which
• 14:36
  is
• 14:36
  fantastic.
• 14:37
  But
• 14:38
  again,
• 14:39
  you're
• 14:39
  not
• 14:39
  just
• 14:39
  buying
• 14:39
  anything.
• 14:40
  And
• 14:40
  cheap
• 14:40
  for
• 14:40
  a
• 14:41
  reason
• 14:41
  means
• 14:41
  that
• 14:41
  you
• 14:41
  don't
• 14:42
  buy
• 14:42
  it
• 14:42
  in
• 14:43
  essence,
• 14:43
  because
• 14:43
  that's
• 14:44
  just
• 14:44
  again,
• 14:44
  just
• 14:44
  going
• 14:44
  to
• 14:44
  be
• 14:44
  a
• 14:45
  rock
• 14:45
  in
• 14:45
  your
• 14:45
  backpack
• 14:45
  going
• 14:46
  forward
• 14:46
  and
• 14:46
  just
• 14:47
  an
• 14:47
  unproductive
• 14:47
  tie
• 14:48
  up
• 14:48
  with
• 14:48
  capital.
• 14:49
  Okay,
• 14:49
  so
• 14:50
  if
• 14:50
  someone
• 14:50
  is
• 14:50
  interested
• 14:51
  in
• 14:51
  buying
• 14:51
  property
• 14:52
  and
• 14:52
  I
• 14:52
  think
• 14:52
  two
• 14:53
  of
• 14:53
  the
• 14:53
  big
• 14:53
  tips
• 14:53
  that
• 14:53
  I've
• 14:53
  taken
• 14:53
  from
• 14:54
  this
• 14:54
  so
• 14:54
  far
• 14:54
  is
• 14:55
  look
• 14:55
  at
• 14:55
  those
• 14:56
  new
• 14:56
  builds.
• 14:56
  Yes.
• 14:57
  And
• 14:58
  look
• 14:58
  at
• 14:58
  a
• 14:58
  different
• 14:59
  city.
• 15:00
  Great
• 15:00
  tips.
• 15:01
  So
• 15:01
  if
• 15:01
  someone
• 15:01
  is
• 15:01
  sort
• 15:02
  of
• 15:02
  weighing
• 15:02
  those
• 15:02
  things
• 15:03
  up,
• 15:03
  what
• 15:04
  would
• 15:04
  be
• 15:04
  your
• 15:04
  biggest
• 15:05
  advice
• 15:05
  to
• 15:06
  someone
• 15:06
  who
• 15:06
  is
• 15:06
  thinking
• 15:06
  about
• 15:07
  these
• 15:07
  things
• 15:08
  and
• 15:08
  they're
• 15:08
  going
• 15:08
  away,
• 15:09
  they're
• 15:09
  having
• 15:09
  a
• 15:09
  look
• 15:09
  at
• 15:09
  it
• 15:10
  this
• 15:10
  week.
• 15:10
  What
• 15:10
  would
• 15:10
  be
• 15:10
  your
• 15:10
  biggest
• 15:10
  advice
• 15:11
  them
• 15:11
  to
• 15:11
  keep
• 15:11
  top
• 15:12
  of
• 15:12
  mind.
• 15:12
  Yeah.
• 15:13
  Understand
• 15:13
  your
• 15:13
  criteria.
• 15:14
  And
• 15:15
  people
• 15:15
  get
• 15:15
  that
• 15:15
  wrong
• 15:16
  so
• 15:16
  often.
• 15:16
  The
• 15:16
  question
• 15:17
  is,
• 15:17
  Katie,
• 15:17
  what
• 15:18
  do
• 15:18
  I
• 15:18
  spend
• 15:18
  up
• 15:19
  to?
• 15:19
  And
• 15:19
  again,
• 15:20
  that's
• 15:20
  the
• 15:20
  wrong
• 15:20
  question.
• 15:21
  What
• 15:21
  does
• 15:22
  it
• 15:22
  need
• 15:22
  to
• 15:23
  deliver
• 15:23
  to
• 15:23
  you
• 15:24
  from
• 15:24
  a
• 15:24
  cash
• 15:25
  flow
• 15:25
  perspective,
• 15:26
  I.
• 15:26
  E.
• 15:26
  What
• 15:26
  can
• 15:27
  you
• 15:27
  afford
• 15:28
  and
• 15:28
  what,
• 15:29
  what
• 15:29
  is
• 15:29
  it
• 15:30
  doing
• 15:30
  for
• 15:30
  your
• 15:30
  situation?
• 15:31
  Cause
• 15:31
  the
• 15:31
  goal
• 15:32
  is
• 15:32
  never
• 15:32
  to
• 15:32
  buy
• 15:33
  a
• 15:33
  property.
• 15:34
  The
• 15:34
  goal
• 15:34
  is
• 15:35
  to
• 15:35
  grow
• 15:36
  wealth,
• 15:36
  help
• 15:36
  your
• 15:36
  kids,
• 15:37
  sort
• 15:37
  retirement.
• 15:38
  So
• 15:38
  understand
• 15:39
  what
• 15:39
  it
• 15:39
  needs
• 15:39
  to
• 15:39
  be
• 15:39
  delivering
• 15:40
  you.
• 15:40
  So
• 15:41
  being
• 15:41
  very
• 15:41
  clear
• 15:41
  on
• 15:42
  that
• 15:42
  investment
• 15:42
  property
• 15:43
  criteria.
• 15:44
  Super
• 15:44
  important
• 15:45
  as
• 15:45
  part
• 15:45
  of
• 15:45
  that
• 15:46
  overarching
• 15:46
  holistic
• 15:47
  plan.
• 15:48
  Love
• 15:48
  it.
• 15:48
  So
• 15:49
  good
• 15:49
  as
• 15:49
  always,
• 15:50
  thank
• 15:50
  you
• 15:50
  so
• 15:50
  much.
• 15:50
  Katie
• 15:51
  Wasney
• 15:51
  from
• 15:51
  Enable
• 15:52
  Me
• 15:52
  now.
• 15:52
  If
• 15:53
  this
• 15:53
  episode
• 15:53
  was
• 15:54
  helpful
• 15:54
  to
• 15:54
  you,
• 15:54
  send
• 15:55
  us
• 15:55
  more
• 15:55
  questions
• 15:56
  and
• 15:56
  we
• 15:56
  will
• 15:56
  rip
• 15:57
  through
• 15:57
  them
• 15:57
  in
• 15:57
  the
• 15:57
  future
• 15:57
  too.
• 15:58
  Askranciscook
• 16:00
  co
• 16:01
  nz.
• 16:01
  Get
• 16:01
  those
• 16:02
  questions
• 16:02
  through
• 16:02
  and
• 16:03
  we
• 16:03
  will.
• 16:03
  Dive
• 16:04
  deep
• 16:04
  into
• 16:04
  it.
• 16:05
  Send
• 16:05
  this
• 16:05
  episode
• 16:06
  onto
• 16:06
  a
• 16:06
  friend
• 16:06
  if
• 16:07
  it
• 16:07
  was
• 16:07
  useful
• 16:07
  to
• 16:08
  you,
• 16:08
  so
• 16:08
  we
• 16:08
  can
• 16:08
  all
• 16:08
  level
• 16:08
  up
• 16:08
  with
• 16:08
  money
• 16:09
  together.
• 16:09
  Until
• 16:09
  next
• 16:09
  time,
• 16:10
  have
• 16:10
  a
• 16:10
  great
• 16:10
  day.
• 16:12
  This
• 16:12
  podcast
• 16:13
  can
• 16:13
  only
• 16:13
  give
• 16:13
  you
• 16:14
  general
• 16:14
  information
• 16:15
  about
• 16:15
  how
• 16:15
  things
• 16:15
  work
• 16:16
  in
• 16:16
  most
• 16:17
  situations.
• 16:17
  It's
• 16:18
  not
• 16:18
  individual
• 16:19
  financial
• 16:19
  advice.
• 16:20
  If
• 16:20
  you're
• 16:20
  after
• 16:21
  that,
• 16:21
  a
• 16:21
  financial
• 16:21
  advisor
• 16:22
  is
• 16:22
  always
• 16:23
  the
• 16:23
  best
• 16:23
  bet.