array(1) { [0]=> &object(stdClass)#6792 (52) { ["id"]=> string(5) "17736" ["title"]=> string(177) "What Omicron means for property, and are units right for first-time buyers? What is equity crowdfunding? Are industry super funds tapping into member funds to save their skins? " ["alias"]=> string(172) "what-omicron-means-for-property-and-are-units-right-for-first-time-buyers-what-is-equity-crowdfunding-are-industry-super-funds-tapping-into-member-funds-to-save-their-skins" ["introtext"]=> string(264) "

In this episode of The nestegg Podcast, host Maja Garaca Djurdjevic checks in with our three experts, digging into the biggest headlines in the world of superannuation, property, investing and wealth creation, as well as touching on the new Omicron scare.

" ["fulltext"]=> string(1128) "

Steve Waters, director of Right Property Group, talks about investing in a unit and whether first-time investors should put their money into a well-located apartment over a house in a regional setting. He touches on new versus old units and what history tells us.

RMIT senior lecturer of finance Dr Angel Zhong covers equity crowdfunding, what it is and how it’s trending. Dr Zhong also talks about legalities as well as risks for retail investors.

Finally, tax and super guru Timothy Munro chats about industry super funds turning to courts to amend their trust deeds and why this needs to stop. Mr Munro also chats about investing your super in crypto and the implications.

Have a question for our experts? Get in touch at [email protected], and you might get featured on the next episode.

" ["checked_out"]=> string(1) "0" ["checked_out_time"]=> string(19) "0000-00-00 00:00:00" ["catid"]=> string(3) "302" ["created"]=> string(19) "2021-11-30 20:20:42" ["created_by"]=> string(4) "2404" ["created_by_alias"]=> string(0) "" ["state"]=> string(1) "1" ["modified"]=> string(19) "2021-11-30 23:02:01" ["modified_by"]=> string(4) "2404" ["modified_by_name"]=> string(12) "Robyn Tongol" ["publish_up"]=> string(19) "2021-11-30 22:53:46" ["publish_down"]=> string(19) "0000-00-00 00:00:00" ["images"]=> string(240) "{"image_intro":"images\/podcasts\/230221_Angel_Zhong_Steve_Waters_Timothy_Munro.jpg","float_intro":"","image_intro_alt":"","image_intro_caption":"","image_fulltext":"","float_fulltext":"","image_fulltext_alt":"","image_fulltext_caption":""}" ["urls"]=> string(121) "{"urla":false,"urlatext":"","targeta":"","urlb":false,"urlbtext":"","targetb":"","urlc":false,"urlctext":"","targetc":""}" ["attribs"]=> string(855) "{"article_layout":"","show_title":"","link_titles":"","show_tags":"","show_intro":"","info_block_position":"","info_block_show_title":"","show_category":"","link_category":"","show_parent_category":"","link_parent_category":"","show_associations":"","show_author":"","link_author":"","show_create_date":"","show_modify_date":"","show_publish_date":"","show_item_navigation":"","show_icons":"","show_print_icon":"","show_email_icon":"","show_vote":"","show_hits":"","show_noauth":"","urls_position":"","alternative_readmore":"","article_page_title":"","video_url":"","channel_id":"UCLBR-2LtTtui_WiRuEfW3qA","send":"0","test":"0","comments":"1","readingDiff":"3","schema_active":"0","schema_name":"","schema_description":"","schema_thumbnailUrl":"","schema_uploadDate":"","schema_duration":"","schema_contentUrl":"","schema_embedUrl":"","canonical_link":""}" ["metadata"]=> string(68) "{"robots":"","author":"","rights":"","xreference":"","metatitle":""}" ["metakey"]=> string(121) "funds, omicron, means, property, units, time, buyers, equity, crowdfunding, industry, super, tapping, member, save, skins" ["metadesc"]=> string(200) "In this episode of The nestegg Podcast, host Maja Garaca Djurdjevic checks in with our three experts, digging into the biggest headlines in the world of superannuation, property, investing and weal" ["access"]=> string(1) "1" ["hits"]=> string(2) "36" ["xreference"]=> string(0) "" ["featured"]=> string(1) "0" ["language"]=> string(1) "*" ["readmore"]=> string(4) "1128" ["ordering"]=> string(1) "0" ["category_title"]=> string(7) "Podcast" ["category_route"]=> string(17) "resources/podcast" ["category_access"]=> string(1) "1" ["category_alias"]=> string(7) "podcast" ["published"]=> string(1) "1" ["parents_published"]=> string(1) "1" ["lft"]=> string(2) "82" ["author"]=> string(12) "Robyn Tongol" ["author_email"]=> string(33) "[email protected]" ["parent_title"]=> string(9) "Resources" ["parent_id"]=> string(3) "300" ["parent_route"]=> string(9) "resources" ["parent_alias"]=> string(9) "resources" ["alternative_readmore"]=> NULL ["layout"]=> NULL ["params"]=> object(Joomla\Registry\Registry)#6807 (3) { ["data":protected]=> object(stdClass)#6788 (95) { ["article_layout"]=> string(14) "momentum:newne" ["show_title"]=> string(1) "1" ["link_titles"]=> string(1) "1" ["show_intro"]=> string(1) "0" ["info_block_position"]=> string(1) "0" ["info_block_show_title"]=> string(1) "1" ["show_category"]=> string(1) "1" ["link_category"]=> string(1) "1" ["show_parent_category"]=> string(1) "0" ["link_parent_category"]=> string(1) "0" ["show_associations"]=> string(1) "0" ["flags"]=> string(1) "1" ["show_author"]=> string(1) "1" ["link_author"]=> string(1) "0" ["show_create_date"]=> string(1) "0" ["show_modify_date"]=> string(1) "1" ["show_publish_date"]=> string(1) "1" ["show_item_navigation"]=> string(1) "1" ["show_vote"]=> string(1) "1" ["show_readmore"]=> string(1) "1" ["show_readmore_title"]=> string(1) "1" ["readmore_limit"]=> string(3) "100" ["show_tags"]=> string(1) "0" ["show_icons"]=> string(1) "1" ["show_print_icon"]=> string(1) "1" ["show_email_icon"]=> string(1) "1" ["show_hits"]=> string(1) "1" ["record_hits"]=> string(1) "1" ["show_noauth"]=> string(1) "0" ["urls_position"]=> string(1) "0" ["captcha"]=> string(0) "" ["show_publishing_options"]=> string(1) "1" ["show_article_options"]=> string(1) "1" ["save_history"]=> string(1) "1" ["history_limit"]=> int(10) ["show_urls_images_frontend"]=> string(1) "0" ["show_urls_images_backend"]=> string(1) "1" ["targeta"]=> int(0) ["targetb"]=> int(0) ["targetc"]=> int(0) ["float_intro"]=> string(4) "left" ["float_fulltext"]=> string(5) "right" ["category_layout"]=> string(14) "momentum:newne" ["show_category_heading_title_text"]=> string(1) "1" ["show_category_title"]=> string(1) "1" ["show_description"]=> string(1) "0" ["show_description_image"]=> string(1) "0" ["maxLevel"]=> string(2) "-1" ["show_empty_categories"]=> string(1) "0" ["show_no_articles"]=> string(1) "1" ["show_subcat_desc"]=> string(1) "1" ["show_cat_num_articles"]=> string(1) "0" ["show_cat_tags"]=> string(1) "1" ["show_base_description"]=> string(1) "1" ["maxLevelcat"]=> string(2) "-1" ["show_empty_categories_cat"]=> string(1) "0" ["show_subcat_desc_cat"]=> string(1) "1" ["show_cat_num_articles_cat"]=> string(1) "1" ["num_leading_articles"]=> string(2) "14" ["num_intro_articles"]=> string(1) "0" ["num_columns"]=> string(1) "0" ["num_links"]=> string(1) "0" ["multi_column_order"]=> string(1) "0" ["show_subcategory_content"]=> string(2) "-1" ["show_pagination_limit"]=> string(1) "0" ["filter_field"]=> string(4) "hide" ["show_headings"]=> string(1) "1" ["list_show_date"]=> string(9) "published" ["date_format"]=> string(0) "" ["list_show_hits"]=> string(1) "0" ["list_show_author"]=> string(1) "1" ["orderby_pri"]=> string(4) "none" ["orderby_sec"]=> string(5) "rdate" ["order_date"]=> string(9) "published" ["show_pagination"]=> string(1) "2" ["show_pagination_results"]=> string(1) "1" ["show_featured"]=> string(4) "show" ["show_feed_link"]=> string(1) "1" ["feed_summary"]=> string(1) "0" ["feed_show_readmore"]=> string(1) "0" ["sef_advanced"]=> int(1) ["sef_ids"]=> int(1) ["custom_fields_enable"]=> string(1) "1" ["show_page_heading"]=> NULL ["layout_type"]=> string(4) "blog" ["menu_text"]=> int(1) ["menu_show"]=> int(1) ["page_title"]=> string(71) "Invest Money - Strategies and Tools for your Investment Goals | nestegg" ["menu-meta_description"]=> string(180) "Let us help you decide how you want to invest your money on. Learn the best strategies in investing and options like cryptocurrency, bonds, mutual funds, property and stock market." ["secure"]=> int(0) ["page_description"]=> string(7) "nestegg" ["page_rights"]=> NULL ["robots"]=> NULL ["page_heading"]=> string(71) "Invest Money - Strategies and Tools for your Investment Goals | nestegg" ["access-view"]=> bool(true) } ["initialized":protected]=> bool(true) ["separator"]=> string(1) "." } ["displayDate"]=> string(19) "2021-11-30 22:53:46" ["slug"]=> string(178) "17736:what-omicron-means-for-property-and-are-units-right-for-first-time-buyers-what-is-equity-crowdfunding-are-industry-super-funds-tapping-into-member-funds-to-save-their-skins" ["catslug"]=> string(11) "302:podcast" ["link"]=> string(191) "/resources/podcast/what-omicron-means-for-property-and-are-units-right-for-first-time-buyers-what-is-equity-crowdfunding-are-industry-super-funds-tapping-into-member-funds-to-save-their-skins" ["image"]=> string(65) "images/podcasts/230221_Angel_Zhong_Steve_Waters_Timothy_Munro.jpg" ["image_alt"]=> string(0) "" } }

Latest Podcast

What Omicron means for property, and are units right for first-time buyers? What...

Resources

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

Invest

Who are HomeBuilder’s big winners and losers?

By Grace Ormsby

June 08 2020
Share

Invest

Who are HomeBuilder’s big winners and losers?

By Grace Ormsby
June 08 2020

With a tight time frame and the restrictive eligibility criteria, there could be more losers than winners from the Morrison government’s HomeBuilder scheme.

Who are HomeBuilder’s big winners and losers?

By Grace Ormsby

June 08 2020
Share

With a tight time frame and the restrictive eligibility criteria, there could be more losers than winners from the Morrison government’s HomeBuilder scheme.

The Real Estate Buyers Agents Association (REBAA) has highlighted that home owners with planning approval already in place for renovations and those with funds on hand already will be the big winners from the recently announced HomeBuilder program.

While acknowledging that the $688 million program is a windfall for a number of home owners who would have been sitting on their hands waiting to renovate, REBAA president Cate Bakos is wary that the scheme could present a variety of hurdles for Australians who might otherwise be incentivised to build a new home or renovate their existing property.

According to the president, local council planning approval could potentially be the biggest obstacle that individuals face in the quest for scheme eligibility.

She’s also flagged concern over the availability of tradespeople to carry out construction and renovation works.

While it’s a great opportunity for those home owners who may have put off their plans to renovate because of COVID-19, Ms Bakos said, “The six-month time frame to design a renovation, get council approval (if necessary) and source and appoint a builder does make it challenging for those who could potentially get bogged down in planning approval process.”

But for those who do have design and planning approval in place, or don’t actually require such approval, “this is like winning the lotto”.

Here are the winners and losers of the HomeBuilder program, according to REBAA:

Winners:

- Home owners who already have planning approval in place and/or building designs drawn up
- Anyone who has bought a house and land package but is yet to appoint a builder
- Upsizers and downsizers with liquidity to fund a renovation where approval is not required

Losers:

- Anyone who is unable to fund a $150,000 renovation who is not in a position to borrow
- Individuals and couples above the income threshold
- Anyone who can’t find a qualified builder in time to sign a contract
- Home owners or builders whose plans could potentially get tied up in the planning approval process
- Prospective purchasers or renovators whose builder’s qualifications don’t meet grant requirements

Should I be concerned the program could lead to further price increases in the property market?

As well as preventing people from accessing the scheme, the tight time frame associated with HomeBuilder has also led the REBAA president to predict that house prices won’t be impacted by the scheme – Ms Bakos doubts it could incentivise an overwhelming number of home buyers to make a new home purchase.

“I don’t believe it’s a mainstream strategy that would precipitate a purchase based on the program itself,” she offered.

She explained that “any buyer, particularly a first home buyer, who buys with a view to renovate to take advantage of the grant, would need to be extremely well planned to accommodate a settlement period, renovation plans and then appoint a builder with this tight time frame”.

But, “if that is your strategy, make sure you select a good quality property with good growth prospects and suitable rental yield for your cash flow position in case it becomes an investment later down the track”.

Did you enjoy this article? You may also be interested in:

HomeBuilder scheme FAQs
HomeBuilder is here: Who is set to benefit?
Top 12 ‘resilient’ regions revealed

Forward this article to a friend. Follow us on Linkedin. Join us on Facebook. Find us on Twitter for the latest updates

Rate the article

About the author

Grace Ormsby

Grace is a journalist on Momentum Media's nestegg. She enjoys being able to provide easy to digest information and practical tips for Australians with regard to their wealth, as well as having a platform on which to engage leading experts and commentators and leverage their insight.

About the author

Grace Ormsby

Property

First home buyers need almost 11 years to save for a deposit

Saving for a deposit is taking longer than ever, according to a new report on housing affordability. ...Read more

Property

Will 2023 put an end to the housing boom?

Is the end in sight for Australia’s most recent property boom? ...Read more

Property

Australia’s top 20 suburbs for property investment revealed

NSW has the most investment opportunities, according to ME Bank, but a Brisbane suburb has taken out the top spot. ...Read more

Property

CBA forecasts 10% house price drop for 2023

The Commonwealth Bank is the most negative of the majors on property prices. ...Read more

Property

Buying an apartment? Ask this first

If you’re looking to buy an apartment, there are a few things you need to consider. ...Read more

Property

What to look for in a rentvesting apartment

Rentvesting demands potential property investors think more strategically about their purchases. ...Read more

Property

FHBs should weigh the pros and cons before buying an apartment

If you’re considering an apartment as your first property purchase, you probably aren’t the only one. ...Read more

Property

Why first home buyers might want to consider an apartment over a house

Cost and location can play in favour of first home buyers when it comes to apartments. ...Read more

Listen

What Omicron means for property, and are units right for first-time buyers? What is equity crowdfunding? Are industry super funds tapping into member funds to save their skins?

Listen now

Will housing affordability improve in 2022? Will buy now, pay later become the norm? Why are Aussies staying in failing super products?

Listen now

Who really benefits from crypto ETFs? How will the RBA respond to rising inflation? Could a mandate help address unpaid super?

Listen now

How the post-lockdown period will influence property, what the soaring NFT market means, and defining financial wellness

Listen now

Watch

nestegg Presents: Meet the Manager with Philip Ryan - Trilogy Funds

Watch now

nestegg Presents: Meet the Manager – Australian Solar Investments

Watch now

How much do you expect to spend at Christmas

Watch now

Is your super really that super?

Watch now

Read

Young Australians facing significant financial difficulties

How will COVID-19 affect investors in the long term?

ACCC issues Black Friday warning

The $125bn blow to Australian workers in 2021

Financial terms made easy

What Is A Personal Cash Loan - Video

What’s ethical investing?

What is a commodity?

What is a mortgage broker?

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

sections

sections

sections

sections

sections

sections

sections

Most read

Australia’s top 20 suburbs for property investment revealed...

Latest Podcast

What Omicron means for property, and are units right for first-time buyers? What...

Resources

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

Invest

Who are HomeBuilder’s big winners and losers?

Invest

Who are HomeBuilder’s big winners and losers?

Who are HomeBuilder’s big winners and losers?

RELATED ARTICLES

First home buyers need almost 11 years to save for a deposit

Will 2023 put an end to the housing boom?

Australia’s top 20 suburbs for property investment revealed

About the author

About the author

more on this topic

Property

First home buyers need almost 11 years to save for a deposit

Property

Will 2023 put an end to the housing boom?

Property

Australia’s top 20 suburbs for property investment revealed

Property

CBA forecasts 10% house price drop for 2023

Property

Buying an apartment? Ask this first

Property

What to look for in a rentvesting apartment

Property

FHBs should weigh the pros and cons before buying an apartment

Property

Why first home buyers might want to consider an apartment over a house

Watch

nestegg Presents: Meet the Manager with Philip Ryan - Trilogy Funds

nestegg Presents: Meet the Manager – Australian Solar Investments

How much do you expect to spend at Christmas

Is your super really that super?

Meet the Manager series with John Baini - Episode 1

Knowing your rights as a consumer

It PAYS to speak up about your finances

Meet The Manager: The hunt for yield continues domestically despite the Australian economy 'coming off the boil'

Is your car worth it?

Video: Trick or treat this tax time

Watch

nestegg Presents: Meet the Manager with Philip Ryan - Trilogy Funds

nestegg Presents: Meet the Manager – Australian Solar Investments

How much do you expect to spend at Christmas

Is your super really that super?

Listen

Sick of reading? Let the Nest Egg Podcast deliver information on topics as varied as crypto and emerging markets to retirement strategies and financial literacy straight to your ears.

What Omicron means for property, and are units right for first-time buyers? What is equity crowdfunding? Are industry super funds tapping into member funds to save their skins?

Will housing affordability improve in 2022? Will buy now, pay later become the norm? Why are Aussies staying in failing super products?

Who really benefits from crypto ETFs? How will the RBA respond to rising inflation? Could a mandate help address unpaid super?

How the post-lockdown period will influence property, what the soaring NFT market means, and defining financial wellness

APRA’s mortgage crackdown, the power of DeFi and last-minute tax tips

What to expect as the end of lockdown looms? Will the Stage 2 tax cuts boost your tax return? Where should investors be looking as the economy reopens?

Could property prices inflate by another 20%? What’s happening in recent dividend announcements? Did your fund fail the YFYS test?

What does the NSW regional permit mean for property investors? Who really wins from the BHP-Woodside merger?

The sea and tree-change norm; Square’s acquisition of Afterpay; Why you should think twice before turning to TikTok for advice

The Olympic effect on property and equity investors; COVID-19 Disaster Payments and super

Listen

What Omicron means for property, and are units right for first-time buyers? What is equity crowdfunding? Are industry super funds tapping into member funds to save their skins?

Will housing affordability improve in 2022? Will buy now, pay later become the norm? Why are Aussies staying in failing super products?

Who really benefits from crypto ETFs? How will the RBA respond to rising inflation? Could a mandate help address unpaid super?

How the post-lockdown period will influence property, what the soaring NFT market means, and defining financial wellness

Borrow

nestegg will keep you informed about the latest in banking, credit cards, and loans. With our wide-range of comprehensive content, you can get all the information you need on how to borrow money more effectively.

Personal cash loans

Will these changes to joint account data sharing impact you?

What are term deposit interest rates?

Will a personal loan hurt my credit rating?