Reputable Property Investment Advisors in Brisbane?

Hi all,
I am looking to get into the property market and looking to speak to someone about what my options might be, and when I might be at a point where I can enter. Have a decent chunk of savings at this point.
I am currently in Mackay at the moment, but am from Brisbane and plan on moving back there permanently in a couple of years.
Looking for a reputable advisor or firm down there. Even in Mackay I'd happy meet with. Will be here a little while longer.
Tried to go through the PIPA website to find them, but was getting errors when trying to search through both my phone, and my desktop.
Does anyone in the city have any experience and may be able to point me in a good direction to start looking?
Thanks

 

I am in Mackay. Be wary there is a current organisation in the area sprucing with the "property investment advisor" tag. You may have seen their heavy advertising campaign. I'd steer clear.. Any decent reputable and independent mortgage broker, accountant or buyers agent would be able to give you a start.

 

The only advert I hear non stop is Steve Taylor

As for the mortgage broker, accountant or BA. Wouldn't a BA just want a purchase from me? And the other two only able to give advice only loans and money respectively?
I'm more wanting to know what might be if I bought one next year, what would be the gap before I bought the second, and what would they need to cost to make said gap possible.
Essentially looking to invest soon and would want to know how long it would take for me to be in a position to buy the next house which I would intent to live in.
Do you think the people you have mentioned above would be able to assist?
I could maybe see how a mortgage broker could help working out borrowing power and financing 1 house to the next.
If so, do you happen to have local recommendations?

 

A good mortgage broker should be able to provide most of the information and guidance you are chasing. Many great ones here on this site. Easy to see those that contribute. Most will work with clients all around Aus.

Another consideration is to ask yourself first - what exactly are you looking to achieve by investing in property?

 

Prior to that, ask yourself WHY do you want to invest in property?

 

None of the above...first educate yourself...if you want to be successful in property understand the mechanics first. Then look for people who have been successful at it....

 

Ok. Thank you for that. I want to invest to one day generate enough of a passive income to be able to retire a little earlier and have more money then a government pension coming in at the later stages of my life.

 

Because I want to make my money work for me at some stage in life (as early as possible) rather than just working for money. Property investment appeals to me more than something like stocks (which I was very close to investing in a little while back).

 

Ok thank you. I have been reading a lot and am learning more and more as I go. Just don't want to be a person that continues to wait, but never actually enters the market. Definitely want to have good knowledge regarding property investing though. I'm not quite at 20% Deposit yet, but that's why I was going to start looking now. I know you can enter with less in you really want too though

 

You state this as your WHAT.

You state this as your WHY.

But you are stating the same thing. There is no value gained by going from your WHAT to your WHY.

I don’t want to be cruel but “more money” is such a weak objective that I reject it as an objective. Weak objectives allow one to give up when severe headwinds come your way on this journey (and they will come).

To be successful at this, one needs to have a clear picture of what success looks like.

To help you get started, what will “more money” enable you to do? Be specific!!!

 

More money will enable me to give my family and I a better life and that's the core of why I want to do this. Want to invest which will help create wealth if done correctly, which will in turn hopefully help my family and I in later years.
So my WHAT would be to achieve a degree of success in property through investing
And the WHY would be that in turn, the wealth generated would help those around me (my family and I)

 

The next step is to develop KPIs for your WHAT and your WHY. KPIs have three components, namely:- how much, of what, by when.

KPIs force one to have laser-sharp clarity and focus on one’s objectives. If one has difficulty with determining KPIs for one’s objectives then this is an indication that one needs to go back to one’s objectives and strengthen them.

I will not be surprised if you go back and strengthen your WHAT and WHY. The process is itérative.

 

Ok now worries. I have got a rough idea of what I want, but that may differ to what is actually possible.
At the moment only I am savings for the house as my partner is savings for a new year. So hopefully after that is done, we have more spare cash to put towards getting acquiring our first house.
But I also want to know if it's even possible to buy an investment home and then a live in home a few years later. And what the prices of both of those would need to be to make that achievable with our incomes and expenses. I'm not too sure how to find that out without seeking the help of a professional. Or do we just save up and buy a live in home to start if we cant make that work.
Maybe there are some calculators or tools you know about that could be used to see if what I have proposed above would be possible, or if I'm just reaching for things that are a little to hard to obtain in that time frame. I just feel like there are a lot of factors to consider and I am more likely to make a mistake by myself trying to refine the rough KPI's I have got, rather than someone that specialises in this sort of thing guiding me and working out the exact numbers to see if this goal is attainable.

 

Brokers can't give property investment advice, but they can advise you on if you could borrow to buy a property and how long before you can borrow to buy another. Actually there is no licence requirements for 'property advice' so anyone can advise, but just make sure their insurance covers this.

Unless you are buying with cash borrowing would be the most important aspect of the advice you need as generally, if you cannot borrow you cannot buy.

accountants can give advice on tax (if a tax agent), cash flow, etc.

 

Thanks for your input. Yes I was aware that it is not regulated, allowing anyone to claim they have expertise in the field. Yeah it is looking like a broker would be a good start in an attempt to begin to refine the plan I currently have and get some figures so I can attempt to progress my plan further.

 

For me, a rough idea won't cut it. To gain laser-like focus, I would suggest you refine your rough idea over time into specific targets.

As they say, aim for the stars and, if you miss, at least you will hit the moon.

It is a little out-dated (technology-wise) but I use PIA. It was developed by Ian Somers, the husband of Jan and the creator of SomerSoft (the predecessor to PC).

I use it before every property purchase. It has a portfolio feature which I keep updated with my latest numbers (rent, property expenses, loan costs, ...). Then, when I am looking at buying a property I know both my before situation and after situation.

From memory, it costs something like $245