Is This The Worst Property Choice You Can Make? Don't Set Your Portfolio Back!

Is This The Worst Property Choice You Can Make? Don't Set Your Portfolio Back!
I'm sure you've heard of off the plan properties and why it's an investment you should never make...
But do you know why?
Well, today's episode is just what you've been waiting for!
We’re going to go into detail on why buying off the plan could be one of the worst investing decisions you could make.
- First, we'll tackle what the data says about the performance of off the plan properties.
- Second, the traps that salespeople don't want you to be aware of!
- And the lack of control which could see you losing money even over a 10 year period!
So to avoid setting your portfolio back, be sure to have a notepad and a pen handy!
CHAPTERS:
00:00 - Introduction to Off-the-Plan Property Investment
05:30 - Financial Issues and Valuation Shortfalls
10:00 - Delays in Construction and Timeframes
13:00 - Impact of Demographics on Property Investment
15:30 - Performance Comparison in Different Regions
16:30 - Summary and Key Considerations
🥇🥇 InvestorKit - Back To Back "Buyers Agency Of The Year 2023 & 2024"
Book your discovery call here: www.investorkit.com.au/youtube
✅ HOW WE CAN HELP YOU:
By being the most trusted, data-driven Buyers Agency for aspiring investors who wish to create real financial change by helping them invest with confidence, outperform the market, and build a high-performing property portfolio. 👉 www.investorkit.com.au
✅ CONNECT WITH INVESTORKIT:
Website: 👉 www.investorkit.com.au
Send your questions to: 👉 [e-mail]
Follow us on Facebook: 👉 / investorkit
Follow us on Instagram: 👉 / investorkit.com.au
Subscribe to our UA-cam Channel: 👉 / @investorkit
Connect with us on LinkedIn: 👉 / investorkit
See omnystudio.com/listener for privacy information.
Disclaimer: The information provided in this podcast is general in nature and should not be considered as personal financial advice. The podcast host, guests, and contributors are not licensed financial advisors. Please seek professional financial advice that is tailored to your situation and circumstances before making any financial decisions.

[@younanmoushi5141]

Loved the video. My first investment property was an off the plan lot and I experienced these scenarios that you are reflecting on. Excellent insight.

[@investorkit]

Thank you my friend! Hate to hear you experienced that but I hope the experience has helped you turn around your investor story into something more positive moving forward 🙌🏽

[@agsimple8757]

Rouse hill had land shrinkage during that time period i.e average land size and house size kept decreasing drastically due to new zoning laws and subdivisions.
Just making data confess to fit your agenda?

[@investorkit]

Various regions were analysed not just rouse hill.
Shrinking land sizes and reducing house sizes can drag down prices you’re right. However they aren’t the whole shakers of these trends. Performance itself also plays a part.
Per 15:38 “it does not mean in isolation building approvals drive price declines etc…” and that all factors need to be reviewed. Meaning there can be areas with performance being well placed, however it would still be better off with all the other factors mentioned to buy established in those areas.
Every month we see dozens of people’s portfolios with underperforming off the plan apartments, townhouses and duplex’s in some of the most amazing locations across Aus. With little to no growth for many years. It’s not an agenda it’s a fact when we see this.

[@bobchan4528]

Not all off the plans are bad... I find buyers agents are sometimes bias because property buyers won't need to pay for the service of buyers agents when they purchase off the plan properties. Hidden agendas... Buyers agents would be out of business if everyone started buying off-the-plans

[@investorkit]

The first 1:30 talk about the biases that exist and give more detail. So that’s pointed out.
Buyers agents don’t have to be Buyers agents if we don’t want to, we can just stop and start doing off the plan investments. From a business element there’s more money in it for buyers agents to also do off the plan sales instead.
The question perhaps should be why don’t we?
This I hope this video answers.
You are right here:
“Not all off the plans are bad”
However I hope the video helps in deep diving into all the reasons as to why it can be super hard to nail.

[@younanmoushi5141]

I purchased an off the plan lot as an investment from a buyers agent actually. So they go both ways. Although it has increased in value over time, it has been extremely slow compared to my investment which was an exisiting property that I purchased through another buyers agent.
I can actually see what he is talking about as I’ve experienced both scenarios.