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More time at home means many Australians now have the opportunity to re-assess their lifestyle and spending habits and set some serious saving goals. So how can you actually go about it?

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In this episode of The nestegg Podcast, host Grace Ormsby is joined by Melbourne-based Reventon’s Billie Christofi to talk all things finance and the impact of isolation on our hip pockets.

In stage 4 lockdown, Billie shares the importance of going back to basics when it comes to budgeting, methods to re-assess spending habits, and some of the less conventional ways people can boost their wealth at this time.

Thanks Billie, for sharing your insights with the nestegg podcast team!

Have an investment story to share? Get in touch at [email protected] and you might get featured on an upcoming episode!

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There is $17.5 billion in lost and unclaimed super across ...

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Investor records 21% growth as property tip pays off

By Linda Santacruz

March 04 2019
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Invest

Investor records 21% growth as property tip pays off

By Linda Santacruz
March 04 2019

A successful property investor says he was able to land his best-performing investment property by seeking out diversification opportunities, and putting his money into the one market that’s holding up during the down cycle.

Investor records 21% growth as property tip pays off

By Linda Santacruz

March 04 2019
Share

Speaking to Nest Egg, Ben Plohl said that the best buy within his portfolio, from a capital growth perspective, is one that he purchased in Hobart in November 2017. He said the decision to buy in Hobart came in an effort to diversify his investment property portfolio.

“At the time, we saw the market was in a growth cycle, and with our research and advice from a buyer’s agent, we took the view that this growth was to continue,” he said.

“And boy, did it continue.”

According to Mr Plohl, within a 12-month period, the property grew by 21 per cent in capital growth. This was on top of a strong 6.33 per cent gross yield for the property, he added.

“Initially, when we bought the property, we saw adding a Hobart property to the portfolio a great way to diversify. We also wanted to use this strong-yielding property to balance out some lower cash flow properties within our portfolio,” Mr Plohl said.

As for his top tip to other investors, Mr Plohl recommended not going at it alone.

“Use professionals like buyer’s agents who are experts in securing great properties.”

The figures

In the last week, Hobart was the only capital city that saw a price gain, at a modest 0.8 of a percentage point.

There were slight price falls in Brisbane of 0.3 of a percentage point and Canberra of 0.2 of a percentage point. Adelaide remained flat.

Sydney dwelling prices fell by another 1 per cent, taking them about 13 per cent down from their high of July 2017.

Melbourne prices also fell by another 1 per cent, bringing them 9.6 per cent down from their November 2017 high.

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