Ep 21: Property Development Finance and What Can You Afford? - with Bob Andersen

Find out about our upcoming workshop Live/Online November 12,13,14 -  2021: https://www.propertymastermind.com.au/property-development-workshop/ If you’re interested in receiving a free copy of the book “Secrets of Property Millionaires Exposed”, send an email to [email protected]!   Regulators have recently added measures to slow down the property market and lots of investors, homeowners, and sellers alike are in search of clarity. Today, we’re going to discuss finance, what’s going on with APRA and what you need to do to understand finance so you can get into property development! We also talk about interest rates, what you can do if you can’t afford to start in property development, what most people regret about property and heaps more. Let’s get into it!   Episode Highlights: The latest change in finance [02:51] What is APRA? [03:27] Regulators slowing down the property market [04:50] Why do regulators slow down the property market? [07:27] If regulators talk to each other, why the confusion? [10:12] What could the effects be and who will it impact? [11:49] The interest rate “stick” [13:30] Using money to pay loans vs using it to make more [16:35] What if you don’t qualify for a property development project? [18:39] Selling and how it will affect people purchasing the end product [24:01] Investors vs homeowners [25:30] Investors are getting back to the market after the pandemic peak [30:21] The property market is still a seller’s market - so when does it change? [31:06] Property & finance are fluid and never ‘boring’ [33:34] Is now a great time to get into property development? [34:16] What’s the one regret most people have about property? [35:16]   Resources: If you’re interested in winning a free copy of the book “Secrets of Property Millionaires Exposed”, go ahead and leave a comment or send me an email. We’d love to hear from you! Every week, Hilary is inclined to give away a free coaching session. Feel free to send her an email at [email protected] If you liked this episode, or have any comments and/or suggestions on how we can make this better, don’t hesitate to send us an email. For questions/things you’d like us to cover and discuss in this podcast, again, you can send an email at [email protected]   Connect with Hilary Saxton: Property Mastermind Facebook: https://www.facebook.com/PropertyMastermind Property Developer Secrets and Hacks facebook group: https://www.facebook.com/groups/2581187315284341 Hilary Saxton Facebook: https://www.facebook.com/HilarySaxtonCoach Instagram: https://www.instagram.com/hilarysaxtonproperty/ LinkedIn: https://www.linkedin.com/in/hilary-saxton/ YouTube: https://www.youtube.com/channel/UCt31KlQu9azoojEHPLvXgmA Property Mastermind Website: https://www.propertymastermind.com.au/   It has been a pleasure! And we look forward to seeing you in the future episodes!See omnystudio.com/listener for privacy information.See omnystudio.com/listener for privacy information.