Prime Property Strategies

Prime Property Strategies By educating our clients and providing access to wholesale opportunities, we are able to structure a pathway to begin or build on your current portfolio.

WHAT WE OFFER

Our key goal at Prime Property Strategies is to offer a personal service that guides and assists you through the property investment process. We accomplish this by ensuring you have access to great advice, support services and wholesale investment opportunities that we suitably match to your goals and objectives. We begin our services with an obligation FREE Strategy Session, during

this session we will;

- Establish your investment goals
- Review your financial capacity
- Discuss potential tax strategies
- Review examples of Property Investment Strategy and analysis

Once we have completed your session and you have chosen to commence or continue your investment journey with PrimePS, we will work through the following actions

STRATEGY AND PROPERTY SELECTION

- Establish how much you are comfortable to invest, able to borrow and obtain finance preapproval
- Create a Property Investment Strategy considering your financial capacity goals and attitudes to risk
- Select Property
- Submit expression of interest (EOI) on your behalf this will take property off the market whilst further investigations are being undertaken

DUE DILLIGENCE

Perform extensive due diligence which will include

- Provision of independent and local research to the client
- Provide detailed Property Investment Report and Cashflow Analysis to the client
- Source Independent rental appraisals
- Source and review independent valuation (if available)
- Review plans and inclusions, suggest anything that may add value or increase rental potential
- Undertake site visit with you or on your behalf

PURCHASE OF PROPERTY THROUGH TO COMPLETION

- Introduce you and assist with engagement of conveyancing solicitor if required
- Request contracts and seek formal finance approval
- Work together with conveyancer to facilitate exchange of contracts and payment of deposit
- Introduce you to trusted partners to arrange pre settlement inspection, insurance and property management
- Work together with yourself and conveyancer to ensure a smooth settlement experience

ANNUAL REVIEW OF INVESTMENT PLAN

We compliment our initial service by scheduling an annual appointment to review your investment strategy and current investment performance, at this time we may assist with further investment purchases or simply catch up for a coffee :)

ADELAIDE going great guns ! All snapshots are based on the start of the year shown except for 2024 which is to the prese...
14/08/2024

ADELAIDE going great guns !

All snapshots are based on the start of the year shown except for 2024 which is to the present day.

Adelaide up 77% from start 2020 (i.e. start Covid) to present.

Did you know Airbnb properties command 20-30% higher income than traditional long term rentals? and the gorgeous Hunter ...
23/04/2024

Did you know Airbnb properties command 20-30% higher income than traditional long term rentals? and the gorgeous Hunter Valley is just perfect for Airbnb.

With so many growth drivers in the region the Hunter Valley provides the perfect investment within an affordable price point.

This House and Land package comes with all the must have inclusions and from only $10,000 deposit until land settlement, this is an opportunity not to miss.

Reach out for further details.

Lovely apartment in the newly planned "Compass Apartments" just been relisted off market in Port Adelaide Prior to Publi...
13/03/2024

Lovely apartment in the newly planned "Compass Apartments" just been relisted off market in Port Adelaide

Prior to Public Launch $415,000, 1 BED, 1 BATH, 1 CAR

Perfect for Long term or Airbnb Letting

Let me know if you are interested !!! great for SMSF

Looking for an Airbnb Investment or First  Home or Downsizer property? VIP Access to Buyers Agents from developers befor...
05/03/2024

Looking for an Airbnb Investment or First Home or Downsizer property?

VIP Access to Buyers Agents from developers before Public Launch mid March - Stage 3

In the increasingly popular Port Adelaide which is continuing to see exponential growth and gentrification - Dock 1 is a landmark development in its 3rd stage. https://www.dockone.com.au/

So very well established.

- 1 Bed, 1 bath, 1 car reserve front $435,000
- 2 bed, 1 bath, 1 car waterfront $600,000
- 2 bed, 2 bath, 1 car, waterfront $635,000

Single contract investment suitable for SMSF, all First Home Buyers Grants Concessions Applicable. - 2year build time with no risk to deposits etc.

APARTMENTS in the development is proven to be booked weeks at a time by workers from Osborne (this is none of my clients units I bought for) if you click on Calendar pretty much fully booked for March so the yield is great https://www.airbnb.com.au/rooms/579966832980145110?adults=1&children=0&enable_m3_private_room=true&infants=0&pets=0&check_in=2024-03-22&check_out=2024-03-27&source_impression_id=p3_1709164793_L7TlIPAIieqZqge4&previous_page_section_name=1000&federated_search_id=4323d475-10d4-4c67-819d-49eb01e53884 - one beds are currently achieving $500.00 a week in the development atm.

I also have an apartment in Moana myself that was developed by this group and they have been fabulous. https://www.airbnb.com.au/rooms/51929420?adults=1&children=0&enable_m3_private_room=true&infants=0&pets=0&check_in=2024-03-03&check_out=2024-03-08&source_impression_id=p3_1709165352_7Tles4GaXzYpymon&previous_page_section_name=1000&federated_search_id=aeed64c4-3fee-41b6-91c6-105cc634ad99

Things I love about this development

Adelaide does not have an oversupply of apartments and Port Adelaide is a stand-alone township so to speak so is infill development only.
Port Adelaide is a similar feel to the Rocks in Sydney very historical and now quite funky https://southaustralia.com/destinations/adelaide/places/port-adelaide; https://www.piratelife.com.au/breweries/port
General Rental and Airbnb go exceptionally well in this area, and it is not seasonal like beach locations. Why because Port Adelaide is the nearest township to the Osbourne Naval and Subbuilding which is enormous, many workers fly in and fly out that is why the rental and Airbnb is so strong here. This is a 25 year+ project https://www.ani.com.au/osborne-naval-shipyard/
as well has another 100 jobs during the construction of the new railway line going into the city https://ptpa.com.au/projects/port-dock-railway-line

If you are interested please let me know, 30% sold to VIPs yesterday.

3 clients from Sydney already onboard with reservations and another from Adelaide.

As you can see Adelaide Property Prices are growing the fastest in the country, it is still very much a rising maket, plus have the lowest vacancy rates.

THE ANTICIPATION ENDS NOW!Presenting our latest design release of Affordable, Luxury Coastal HomesSecure your slice of C...
24/11/2023

THE ANTICIPATION ENDS NOW!
Presenting our latest design release of Affordable, Luxury Coastal Homes

Secure your slice of Coastal Paradise with these exquisitely designed homes.

Revel in the breathtaking PANORAMIC VISTAS of Victor Harbors Coastline - these four stunning architecturally designed homes are just moments from the beach.

Presenting our latest design release: modern single-story residences perfectly tailored for First-time Homebuyers, New Home Seekers, Investors (offering exceptional returns), or anyone in pursuit of an ideal Holiday Retreat.

Contemporary House and Land Packages

HOUSE & LAND FROM ONLY $650,000
(FURTHER SAVINGS OF $30,000 FOR FIRST HOME BUYERS)
3 Bed, 1 Bath, 2 Car spaces

HOUSE & LAND FROM ONLY $750,000
(STONE UPGRADES INCLUDED)
3 Bed, 2 Bath, Carport + Car space + Landscaping

Let me know if you are interested in more information with this new design and pricing, they will fly out the door!

01/08/2023

BUBBLES & BRUNCH @ COAST

OPEN DAY /SITE INSPECTION
5-7 Edzell Road, Victor Harbor
Sunday, 6 August 2023
11am - 1pm

We are thrilled to extend a special invitation to you from the collaboration between Prime PS (Agent and Developer) and AJL Homes (Builder) at our upcoming Open Day – Bubbles and Brunch await!

With a glass in hand, immerse yourself in the captivating vistas, peruse meticulously crafted plans, indulge in a variety of selections, and finishes while our experts answer all your questions.

Our collection of residences caters to ALL – whether you seek your own home with opulence and refinement, an affordable luxury retreat or an investment opportunity, we have a variety of options that will surpass your expectations.

This exclusive development offers a unique chance to secure a Torrens-titled House and Land package with exceptional views.

As an additional treat, we have a surprise giveaway for
ALL BUYERS!

Starting from $998,000 our package prices represent unparalleled value for a coastal haven of this calibre.

Join us for Bubbles and Brunch @ "Coast, Victor Harbor" and let your dreams take shape.

House prices will rise in 2022 even if the RBA hikes rates says CoreLogicThe financial markets are all but certain that ...
04/02/2022

House prices will rise in 2022 even if the RBA hikes rates says CoreLogic

The financial markets are all but certain that the Reserve Bank's cash rate will move higher this year, but if you're counting on house prices declining in 2022 may end up disappointed.
According to CoreLogic, any decline in property prices will lag the first interest rate rise by 12 months.
“Often it’s not just one rate hike or one rate cut – rates move in cycles. And that’s probably one reason for the lag in the correlation. Generally that first move will be followed by one, two or three, etc, movements down the track.” Core¬Logic research director Tim Lawless said.
The research comes as the financial markets wait for the Reserve Bank to begin the next hiking cycle, with an August move looking likely.

With an expected delay in the impact of higher rates on house prices, CoreLogic is tipping home values will push higher through the course of 2022.
“We still think that over the full calendar year there will be a rise in housing values" Mr Lawless said.
“The consensus forecast among most of the mainstream economists would be growth this year of somewhere between 5% and 7%, which we would certainly endorse.”

Adelaide - A Residential Investors Paradise!Here's another indication of how tight the South Australian rental market is...
15/01/2022

Adelaide - A Residential Investors Paradise!
Here's another indication of how tight the South Australian rental market is.

Low vacancy rates (North, South, East & West Adelaide's avg vacancy rate = 0.4%) and high rental prices are two of the many challenges faced by Adelaide renters but a new challenge is the speed in which properties are being snapped up by tenants.
Nationally, the median number of days a rental property is on the market is 21 but in Adelaide it’s only 14 days.

Research commissioned by Well Home Loans has identified 20 suburbs in South Australia where rents are surging and it’s become near impossible to find rentals.

The suburbs were ranked based on the highest change in house rental rates over the previous 12 months.

TOP 20 South Australian hardest suburbs to get a rental property:

Suburb / Annual rent rise / Average days on market
1 Henley Beach South, +$175, 15
2 Queenstown, +$90, 14
3 Victor Harbor, +$90, 14
4 Renown Park, +$75, 18
5 Clearview, +$65, 15
6 Strathalbyn, +$60, 14
7 Northgate, +$45, 17
8 Wynn Vale, +$40, 20
9 Rosewater, +$40, 14
10 Nairne, +$40, 13
11 Hallett Cove, +$40, 12
12 Happy Valley, +$40, 11
13 Windsor Gardens, +$35, 18
14 Valley View, +$35, 17
15 Croydon Park, +$35, 17
16 Enfield, +$35, 17
17 Para Hills, +$35, 16
18 Goolwa, +$35, 15
19 Andrews Farm, +$35, 15
20 Royal Park, +$35, 14

0% Mortgage Rates……..in Denmark!From Bloomberg NewsThe country with the longest history of negative interest rates is gi...
06/01/2022

0% Mortgage Rates……..in Denmark!

From Bloomberg News

The country with the longest history of negative interest rates is giving homeowners 20-year home loans at a fixed interest rate of 0% for 20 years.

Customers at the Danish home-finance unit of Nordea Bank have, since Tuesday, been able to access a 20 year 0% mortgage.
Back in 2012, policy makers cut the official rate below zero to defend their currency’s peg to the Euro. Since then, Danish homeowners have enjoyed continuous slides in borrowing costs.

Other banks in Denmark have joined Nordea.
Totalkredit, a unit of Denmark's largest mortgage lender, Nykredit Realkredit, says it will also offer 20-year loans at 0%, so too will Jyske Bank's mortgage unit.

A property investor's dream - Vacancy Rates of 0.3%!But where?Read on to find out.The vacancy rate (expressed as a perce...
03/12/2021

A property investor's dream - Vacancy Rates of 0.3%!
But where?
Read on to find out.

The vacancy rate (expressed as a percentage) tells you the rental demand in a suburb.
It is a statistic used as a measurement of the number of rental properties that are vacant, or empty.

Here's how to decode the numbers -
Above 3% indicates a rental market where Supply exceeds Demand and is where tenants have greater power to ask for (and receive) lower rents.

Between 2% and 3% indicates an evenly balanced rental market.

Below 1.5% indicates a 'tight rental market' and is where rents are likely able to be increased (Demand is higher than Supply).

BUT a vacancy rate of 0.3% is tighter than a (insert the name of something really tight here)!

As you can see from the Adelaide by Region table, once you strip out the student dominated CBD apartment market Adelaide's suburban vacancy rate is extremely low.
This means two things for investors;
1) Higher rents; and
2) Continuity of occupancy - No rental property is sitting vacant for long in Adelaide.

And all this with a median dwelling price that is 50% lower than Sydney and 33% lower than that of Melbourne and Canberra PLUS for the first time in a long time Adelaide's capital growth has been 'Sydney like'.
This is great news for all you potential first time investors.

If you're looking for help in finding yourself an Adelaide investment property I've acted as Buyers Agent for all types of investment properties and in spite of the +20% price growth seen this year there are still good opportunities to be had.
Drop me a line to get started.....

The record high volume of scheduled auctions last weekend marked the busiest auction week for combined capital cities si...
30/11/2021

The record high volume of scheduled auctions last weekend marked the busiest auction week for combined capital cities since CoreLogic records began in 2008.

Auction listings have now increased over nine consecutive weekends, driven by the easing of Covid restrictions in Melbourne, Sydney and Canberra and the desire for sellers to finalise a deal before Christmas.

The high supply resulted in auction clearance rates falling slightly in all the capital cities except Canberra and Perth.
However, considering the record breaking supply, clearance rates held up well and as I've always told you – Clearance rates are the best single indicator for predicting future property price movements with anything above 70% an indication that prices will remain buoyant for at least the next few months.

Having said that, the pace of the price increases is likely to ease off with an increase in listings (i.e. supply) and higher property prices pushing some buyers out of the market as affordability and APRA borrowing restrictions come into play (e.g. tightening up on investors looking to borrow on interest only terms).

More evidence of Seller FOMO?Auction volumes this w/e to surpass previous all-time record high!CoreLogic reports that a ...
25/11/2021

More evidence of Seller FOMO?
Auction volumes this w/e to surpass previous all-time record high!

CoreLogic reports that a record 4,345 capital city properties will go to auction this weekend smashing the previous record of 3,990 auctions held on w/e 25 March 2018.

This record volume will test buyer demand which, in spite of the recent high supply, has remained strong.
Last w/e saw the following auction clearance rates:
Canberra: 92.2%
Brisbane: 85.6%
Adelaide: 84.7%
Sydney: 76.3%
Melbourne: 72.5%

Remembering that a clearance rate above;
70% = a strong market;
80% = very strong;
90% = White hot;
On the other side of the coin an auction clearance rate below 50% is a sign of future price weakness.
As I've highlighted in previous posts, even though auctions account for around half of all property sales in Sydney & Melbourne (less in other capital cities), the auction clearance rate is the best forward indicator of future price movements (see attached graph with data up to 8 Nov 2021).

Using 4 different economic scenarios SQM Research says that from June 2022 we're likely to see Sydney, Melbourne, Darwin...
25/11/2021

Using 4 different economic scenarios SQM Research says that from June 2022 we're likely to see Sydney, Melbourne, Darwin and Hobart property prices fall by 2% to 8% but Perth, Brisbane, Canberra and Adelaide will continue to rise by up to 16%.

See the table (below) for more detail and buy SQM's 2022 Boom and Bust report for even more detail https://sqmresearch.com.au/boombustreport.php
Louis Christopher, the SQM Research managing director has a good track record.

I love a good graph especially when it makes you say, "Wow, look at that!"12 month Population change by State = Natural ...
24/11/2021

I love a good graph especially when it makes you say, "Wow, look at that!"
12 month Population change by State = Natural increase + Overseas migration + Interstate migration
Or in Victoria's case;
Natural increase - Overseas migration - Interstate migration

Great graphs from an article about Stamp Duty in Friday's Australian Financial ReviewWorth getting a subscription to rea...
23/11/2021

Great graphs from an article about Stamp Duty in Friday's Australian Financial Review
Worth getting a subscription to read the article.

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