Catch the replay of our latest webinar hosted by Tim Graham, General Manager of Hotspotting, featuring Tyron Hyde, the visionary founder of Washington Brown and a master of property depreciation.

Dive into the invaluable insights of "7 Lessons from the $26B Man," a presentation inspired by the legendary real estate mogul Harry Triguboff.

In this compelling session, you'll explore the powerful strategies that fuelled Harry Triguboff's ascent to billionaire status, with a focus on the transformative impact of compounding in real estate investment.

Discover practical advice and nuanced strategies that every property investor should consider:

The Power of Compounding: Learn how small, consistent investments can grow over time and how to leverage this in the property market for significant returns.

The 1% Rule: Uncover minor adjustments you can make that yield substantial improvements in investment outcomes. Whether it's negotiating a slightly better interest rate or enhancing property features to boost rental appeal, these small changes can dramatically increase your portfolio's value.

Annual Reviews: Understand the importance of reviewing your home loan rate annually to ensure you're getting the best possible deal. We'll also discuss the benefits of cross-checking comparable rental prices to maximize your income.

For more information on Washington Brown or to connect with Tyron Hyde, please visit www.washingtonbrown.com.au

You can also subscribe to Tyron's Ten with Ty podcast here: https://www.washingtonbrown.com.au/podcasts/

In this podcast episode, we dive into the two different approaches that state governments in Australia are taking to address the issue of rental shortage in the housing market. On one hand, Western Australia (WA) has adopted the carrot approach, offering incentives and encouragement to investors to increase the supply of rental properties. On the other hand, Victoria has decided to take the stick approach, punishing investors with new and higher taxes if they do not comply with the government's desires.

The WA government has implemented several measures to encourage investors to bring new supply to the rental market. This includes offering cash incentives to property owners who convert their short-term rental properties, such as Airbnb, into long-term rentals for permanent tenants. They have also relaxed regulations around building granny flats, providing interest-free loans to help builders complete unfinished properties, and offering cash incentives to owners of vacant homes to make them available for long-term rent.

In contrast, the Victorian government has scrapped the Victorian Home Buyer program, which was aimed at helping young people get into home ownership. They have instead turned to new and higher taxes on property investors to generate revenue and alleviate the state's debt. However, this approach may further exacerbate the rental shortage in Victoria.

It is clear that the WA government's approach is more constructive and will bring new supply to the market, while the Victorian approach may have negative consequences. The WA government has also allocated significant funding towards social and affordable housing initiatives to not only increase supply but also support those in need.

So, why are property investors now more likely to buy in Perth and key WA regional markets, while selling in Victoria? The difference lies in the government's actions – WA is encouraging investors, while Victoria is discouraging them. This highlights the importance of government policies and their impact on the housing market.

In conclusion, governments have two options when it comes to creating significant change – the carrot approach or the stick approach. In this case, the WA government's carrot approach seems to be more effective in addressing the rental shortage issue, while the Victorian government's stick approach may have negative consequences. Time will tell which approach will yield better results, but it is clear that incentives and encouragement go a long way in creating change.

🌟 Leading the Way in Property Management: Corinne Bohan from the award winning Image Property 🌟

Join us on the latest episode of the Hotspotting podcast, where we sit down with Corinne Bohan, the trailblazing Managing Director of Image Property—Australia’s #1 Property Management Company for four consecutive years according to the RateMyAgent Awards. Dive deep into the world of elite property management with insights from a leader managing over 5,000 properties.

🏡 What Sets Image Property Apart? Corinne shares the secrets behind Image Property's success, focusing on their process-driven approach that handles everything from proactive maintenance to strategic tenant selection. Discover how their emphasis on exceptional client service, combined with rigorous staff training programs, leads to exceptional customer experiences and high retention rates.

🚀 Insider Insights on Overcoming Industry Challenges From navigating low vacancy rates to maximising returns, Corinne discusses how Image Property's dedication to sustainable rental incomes and a detail-oriented management strategy has carved a unique niche in the market. Learn about their innovative solutions and the critical role of problem-solving and project management in their growth trajectory.

🌐 Expansion and Impact Hear about Image Property's recent expansion into new markets like the Gold Coast, and get a peek into the future with discussions on major commercial projects impacting the real estate landscape.

🔑 Why Listen? Whether you're a landlord looking to optimise your property investment or a property management professional aiming to elevate your operational strategies, this episode offers invaluable perspectives from one of the industry’s best.

You can watch the full episode on Youtube too, and make sure to follow Hotspotting for more expert takes on the real estate market's hottest topics! 🎙️

Watch on YouTube - https://youtu.be/ryYhJEBjx_4

To learn more about Image Property or to connect with Corinne Bohan please visit www.imageproperty.com.au