BlueBird Group in Altona, Victoria, Australia | Education

BlueBird Group

Locality: Altona, Victoria, Australia

Address: Shop 2, 98-100 Pier St, 3018 Altona, VIC, Australia

Website: http://www.bluebirdgroup.com.au

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25.01.2022 Lots of bad property reports in the media recently. Melbourne and Sydney are performing quite poorly. All the other capital cities are looking very strong though

24.01.2022 APRA recently took back their investor loan limitations. This means interest only loans are back in business.APRA recently took back their investor loan limitations. This means interest only loans are back in business.

18.01.2022 We launched our first online class! . Why did we do it? Basically, the current way people learn about property investment sucks. . What's different about the one we just launched? ... . Well there's lots of people and companies who claim they can teach you how to invest in property. . The issue with their teaching methods is they basically just give you a whole bunch of videos to watch.... It's then your responsibility to take the initiative to go through them all. . They don't have a process for you to follow . They don't have worksheets for you to complete . They don't have a fool proof way of getting you the knowledge you need. . They sort of just go here, have all these videos, work out the rest for yourself. . We designed this Masterclass to be very different to that . This Masterclass is a hyper focused, extremely structured process to help you figure out where to buy and what to buy. . It's delivered in a way that takes you through the process, but teaches you the fundamentals of investing too. . You're going to learn why you pick certain suburbs and why you avoid others... Why you buy certain houses and why you avoid others. . It's a much more structured and fun way to learn about property. . http://masterclass.bluebirdgroup.com.au See more

16.01.2022 https://www.youtube.com/watch?v=usfe9Ue6H90 An interesting property video series from the ABC. Melbourne and Sydney are really struggling at the moment. Definitely not a good time to be buying in either of those cities.

16.01.2022 Is property investment part of your new years resolution?

16.01.2022 Look, most people know property is a great investment in Australia. It’s no secret. Have you seen how high the property prices are at the moment?? . What people struggle with is getting started. . There are many unknowns, in this post, I’m going to completely clear up one of them.... . How much you need to get started investing. . Before we get into it, I want to lower your expectations of what type of investment property you think you need. . Your first property doesn’t need to be extravagant. . Don’t think you need to buy a $500,000 house as your first investment to be successful. . Just getting started is more important than trying to get the perfect investment property that is out of your budget. . However much you can afford to get started is enough. . My first place was a crap heap in Ballarat 8 years ago for $220k . Nobody wanted it and for good reason, it was absolutely filthy. . I couldn’t even walk in the bathroom without dry reaching. I uploaded a photo so you can have a look. . Gross.. right? I even couldn’t walk in there for photos. Look at the quality of that photo The plumber took the photo on his phone while wearing a mask because it was so disgusting. . and then I took a photo of the photo on his phone. . That’s how bad it was. . But it was all I could afford at the time so I made do. . It looks a lot better now . My point is, your first place doesn’t have to be perfect. Your first place just needs to get you started. . Most property investment stuff is learned on the job . Right, so how much cash do you need to start? . I’m going to go through the 2 situations you’ll find yourselves in, . If this property is your first property and you only have cash, and, . If you already own your home you’re living in and want to use equity . First up, you don’t own any property yet and you only have cash. . I always say that your LVR shouldn’t go above 90% for your first property purchase. (loan to value ratio) . If you do, the banks screw you. . For your second, third, forth + properties, you shouldn’t ever go above 88% LVR. . So how do you work out how much cash you need to buy the property you want, while not going above 90% LVR? . Simple. . You need the 10% deposit in cash (the remainder of the 90%), then you also need another 5% of the purchase price for buying costs and taxes. Keep reading here http://bluebirdgroup.com.au//how-much-do-you-need-to-inve/

14.01.2022 Some serious sh*t going on in the Sydney apartment market at the moment... A building was recently fully evacuated because of major structural defects. If you're looking to invest -- steer clear of apartments!! This article from the ABC has some really good recommendations for those doing their due diligence. Alex

12.01.2022 Buying a home is the biggest financial decision most people will make in their entire lives. . And because it’s the biggest, it’s the most important to get right. . First home buyer’s are in a very vulnerable position Think about it, you have to make this massive financial decision that will shape your life and you (for the most part) know nothing about what you’re buying....Continue reading

11.01.2022 Here's my finance tip for your boxing day sales. A lot of shops trick you into thinking you're getting a bigger discount than what you actually are. They do this by advertising the percentage off the RRP/recommend retail price. During the year, they never list items for the actual RRP, they use it to make you think you're getting a better deal than what you really are. Sheridan, David Jones, Myer and many more are guilty of this shady sales tactic.

10.01.2022 Melbourne and Sydney property markets are on the sliiiiiiide.... Regional areas close usually perform better than capital cities in strife

10.01.2022 Is housing affordability worse now than it was 20 years ago or are we just big cry babies? . If you watch the news, you'd say there is a massive affordability crisis. . Massive.... . But is there actually? . The stat that the media pushes out is property price vs annual wage... and that property prices have increased to like 10-12x the average aussie income when back in 1998 it was only like 5 or 6x. . ... and yeah it has. . The media/financial commentators use this stat to say that we are in a property bubble and that house prices are unaffordable --- a crash is surely imminent. . The issue with the stat is that it doesn't factor in interest rates. . 8-10% interest rates were the norm 20 years ago.... Now 4% is standard. . Not only that, the length of the average mortgage has changed as well. 25 year mortgages were standard in 1998, but now everyone is going for 30 year mortgages. . Has it become more unaffordable? Well, not really... have a look at the numbers: . 1998 - The average income is $42.5k . Parent 1 average income - $42.5k Parent 2 average income - $42.5k . Total income = $85k per year or $7k per month. . Say you buy the average Melbourne house for 200k in 1998 Repayments @ 9% interest = $1,700 a month . Repayments as a % of gross, combined income = 1,700/7,000 = 25% . 25% of your total combined income goes to the mortgage. . Let's have a look in 2018. . 2018 - The average income is $85k . Parent 1 average income - $85k Parent 2 average income - $85k . Total income = $170k per year or $14k per month . Buy the average Melbourne house for 800k in 2018 Repayments @ 4% interest = $3,800 a month in repayments . Repayments as a % of gross, combined income = 3,800/14,000 = 27%. . 27% of your total combined income.... . Only 2% difference to 20 years ago. . Where's the affordability crisis I keep hearing so much about here? See more

09.01.2022 This is big news. Lending is about to get more lenient. It could fuel the next boom in a few years

07.01.2022 Last week we launched the very first BlueBird Masterclass to help make property investment simple! . Figuring out where to buy . Figuring out what to buy... . The "bread and butter" of good property investment. . Here's exactly what you'll get in this Masterclass: . -- A hyper focused training that teaches you the "bread and butter" of property investment . Figuring out where to buy and what to buy is critical to property investment success. You'll learn what makes a solid investment suburb and what makes a good investment property. . -- A step by step process to make selecting a suburb a no-brainer . You'll know what makes a good suburb and what makes a bad suburb. This will maximise the growth you get on your investment and make sure the property you pick pays for itself. . -- A simple way to analyse all the different types of property in your suburb . I see it all the time, people don't know enough about the suburbs they invest in... Or worse, they invest around the corner from their own house. My process means you can get to know any suburb and figure out what to buy. . -- Once you've finished, you'll know what to buy, where to buy it and how much to pay for it . Become confident in your decisions, have them backed up by cold hard facts and real figures. You'll know exactly what you're looking for in a property. . Head on over to the Masterclass here - https://masterclass.bluebirdgroup.com.au/ See more

07.01.2022 Too many people just go to the bank and say How much money will you give me? . And then whatever that number is, they just go looking for places at that price. . They end up finding a place a little more expensive and they over stretch themselves borrowing.... . I don’t know about you, but banks aren’t really in my good books They’re not the type of people I want to trust to give me great financial advice. . You don’t want to buy a house only to realise your repayments send you broke every month. . And trust me, banks will gladly send you broke every month. . When the repayments are too high, if you lose your job, if you injure yourself or if you have a baby You’re on the streets. . This is how buying a house can ruin someone’s life. . You borrow too much and then something terrible happens to you or your partner and you need to sell your house . Issue is, you’re now desperate for cash, you sell the house for cheap and then you’re in real trouble. . So what should your maximum repayments be? And what should you spend? . Financial experts all agree that your repayments should never go above 40% of your household take home pay. . So if you and your partner together earn $7,000 a month AFTER TAX, your max repayments should be 40% of that: . $7,000 * 0.4 = $2,800 per month . Now let me make this clear, I’m not saying your repayments should be 40% of your household income I’m saying that is the absolute maximum they should be if you don’t want to be broke. . If you go over 40%, you’re going to have a real bad time. . If you want to have a great quality of life and still have enough money leftover to do the things you love, invest and look after your family Your maximum repayments should be in the 30-35% range. . But why so low? . You probably know people that have gone much higher, yes, lots of people do. . But lots of people are also broke. . Don’t be like them. . Article continued here -- http://bluebirdgroup.com.au//first-home-buyers-help-part-/ See more

07.01.2022 The most difficult part of entering the property market when you’re a first timer is saving your deposit. Don’t take my word for it, I recently ran a poll on the most popular Australian property discussion Facebook group and a whopping 82% of people agree. Saving your first deposit is the hardest thing first home buyer’s face.... Especially if you don’t know how Or if you come from a family where saving money wasn’t really a thing like me. To save a deposit, you need 2 things. A laser focused plan with a defined end goal, and Sensible sacrifice Without a plan, you fail. If you have to sacrifice too much, you fail. Getting these two things right will get you to your deposit. Let’s get into it. The most important thing about a savings plan is that you can actually stick to it long term. A lot like dieting and fitness, a savings plan that is heavily restricting and really hard to follow doesn’t work for anybody. Imagine you started a body transformation where all you could eat was steamed broccoli and poached chicken and you had to get up at 5am every day to workout for 2 hours. Would you get results? Of course you would. You’d be ripped to shreds or toned up in no time. But would you be able to follow it long term, is it sustainable? Of course not. You would start with excellent intentions, your motivations are at all time highs when you first start something like this so it being so heavily restricting doesn’t seem so terrible. But after 6, 12 months, 2 years? It gets old. Real old. It’s exactly the same with money. You can’t just say, I’ll save 80% of my income and I’ll be able to save the deposit in 6 months. It won’t work long term You need to set yourself an achievable goal that won’t stretch you too thin, Otherwise you’ll go off the rails, binge, go on that holiday you deserve and be back to square one. I myself found the Barefoot Investor’s budget really easy to understand, and what I’m recommending is pretty similar to that. So the budget I want you to follow is this Continue reading here http://bluebirdgroup.com.au//first-home-buyers-help-part-/

06.01.2022 Sneak peek. Learning how to invest in property is about to get a whole lot more simple. Happy 2019!!

04.01.2022 Simple property investment tips --- a property's rental return can be too high just like it can be too low. Both are an issue if you don't balance them. A lower rental return means your property costs you more every week. A higher rental return usually means it's in an area further from the city. When it's further out, the area's property prices will grow less over time than the ones closer. ... Smart property investment is about balancing these two things across your whole portfolio.

04.01.2022 This is huge news for the property market in Australia. APRA has reduced the serviceability requirement for the banks... Give it 12 - 24 months to kick and we'll be off to the races again, https://www.smh.com.au//home-loan-borrowing-capacity-to-be

03.01.2022 Abolishing negative gearing effects more than just investors. The last time it went, rents skyrocketed. Have a read ... https://pica.asn.au/history-lesson-on-labors-negative-gea/

02.01.2022 A good satire video on why credit cards and frequent flyer points are a load of crap. Pay CASH. https://www.youtube.com/watch?v=8Aj8STdGMvU