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The Road (Less?) Travelled to the South Coast & 4 reasons to consider infrastructure led property investing in 2018 & 2019:

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Now that the Sydney and Melbourne property booms are over… many investors are wondering what next for property markets?

Add the fact that finance is not as easy to get is it used to be with the royal commission currently making the banks tightening their lending criteria and you would be right to assume that not all markets will grow equally in coming is ahead.

At the same time we all know it makes sense to buy when others are not buying - the often quoted saying from Warren Buffet applies equally to the stock market and property too “be fearful when others are greedy and greedy when others are fearful” (for more on this see previous blog article HERE)

The thing is that whilst all investing (housing, shares, any market you care to participate in) contains inherent risk… so does NOT investing. The doomsday prophets have predicted crashes every year for decades, and listening to them over that time would have proved very expensive indeed.  Avoiding the markets for decades would have exposed the cautious cash investor to a 100% risk of having their capital eroded by inflation AND missing out the lost gains from never having been in the growth market. That is costly advice.

So...if you do want to be in the housing market, how do you actually make choices about where to buy in a climate that has a bigger than average dosage of fear? How do we narrow the options and stack the odds in our favour?

Some people watch interest rates, tea leaves & the media to guide their property investing decisions, with very mixed results.  There has to be something more substantial than that surely?

One way that has worked well for investors down through time is to follow the infrastructure. Simply put, look for major projects that have impact on property markets and by the close proximity to them. Historically that has meant better than average returns whilst the improvements are being built and priced into the local market over a period of a few years.

It's actually quite simple… Real estate performs in response to supply and demand, this actually occurs at a very local level… So even though the sentiment in the national media might be hot one day and cold the next, the actual price of a house in spot X isn't determined by the media at all. It is governed by the number of families willing to part with money in that particular spot at that particular time. Stop. Go back a re read that sentence again. This is the bedrock of all investing. Seeing THROUGH the media and sentiment to recognise true supply and demand is essentially the core skill that renowned investors like Warren Buffet demonstrate, and why they look so wise in hindsight.  

Infrastructure projects are real. They create increases in jobs and economic activity, and can improve lifestyle or increase efficiency of travel in certain areas. These increases and improvements can flow through into the price of land.

Its common sense really, even though it is not common at all. Imagine your own suburb, consider if a new train line was installed straight through the middle of the suburb...  the train station Direct to the CBD in brackets sort of jobs was all of a sudden five minutes walk from your house. Ignoring your own emotional reaction to the increasing traffic and busyness in your area, that kind of infrastructure is normally going to increase prices because there will be an increase in people willing to buy Close to a train station… it's very efficient form of transport it makes people's lives easier as they can travel to work without dealing with traffic.

Now currently on the south coast it’s not a train but a road. In fact 4 sections of the same road.  The princes Highway at Albion Park, Berry, Berry to Bomaderry and Nowra. When it comes to regional areas, any reductions in the tyranny of distance also flow into land prices. Infrastructure like roads influence demand in the same way that increasing the size of a pipe increases water flow, and that pushes prices.

What is happening in the areas surrounding Sydney in 2018 and beyond? The government has already predicted and pre-empted the slow down in the housing markets (their best tax revenue generator) and has begun planning a major combination of infrastructure projects to stimulate the economy, provide jobs, and improve future amenity for our population of the future.

The south coast is currently seeing the biggest expenditure on road improvements in decades.  The Berry Bypass was recently completed at a cost of $580 million. The Berry to Bomaderry upgrade is now underway at $450 million. The Albion Park bypass will cost $630 million and bypass 16 intersections. The Nowra bridge has been confirmed at $310 million and will greatly ease local congestion.

Each of these sections is noteworthy on their own, but when combined over the next 5 years we will see the drive from Sydney become significantly quicker, safer, and consequently more people will visit and move to what is already a more visited tourist destination than the gold coast.

When you fix a narrow winding road from a really large population area, you effectively increase the size of the funnel people can flow from the large area (Sydney, Canberra, Melbourne) to the small area (lifestyle destinations within 2-3 hrs of the aforementioned cities). Increasing the size of the funnel can double or triple the number of people arriving in small destinations which puts a disproportionate pressure on the local housing market. If there is no increase in supply then prices are the only place left to absorb the pressure. When that happens capital gains are well above average.

What about jobs? 2 Comments. First: Baby Boomers don’t need them. Baby boomers are finally fulfilling the prophetic sea change that has been talked about for over a decade by demographers like Bernard Salt after rebuilding their super funds post GFC and bolstering their home values in the recent boom. They are no longer tied to CBD jobs and are free to relocate as they wish. Economists tell us that every 1 permanent relocation to an area can create as many as 7 jobs. Boomers need houses. This creates a Trade shortage. This also increases demand on local health facilites, creating nurse and Dr positions.  It fills the schools with the children of tradesmen & women, increasing funding for teaching positions. Some of the South Coast schools are literally bursting at the seams.

Second: The internet is making jobs more mobile. Younger families are also moving. The NBN has allowed more and more of us (the author included) to work remotely and sever permanent ties with capital cities. Digital nomads are exponentially increasing globally and the South Coast is no exception. People living in Huskisson can write software for a company in Singapore and a young coder in Mollymook can fulfill a contract to Sydney, Canberra, Melbourne or Silicone Valley.

To top that off Nowra - the Shoalhaven’s northern population hub has been quietly increasing the size and scope of its Naval forces and in recent years approximately $1billion has been spent at HMAS Albatross. Several thousand employees and contractors call Nowra home.

Just up the road the Shellharbour Marina is a $2 billion project that is changing the image of the former working class area just south of Wollongong into a desirable boat-centric destination. Property prices and population numbers are booming around the high profile development.


All the South Coast doesn’t have is a mining boom. The fact we didn’t have mining insulated us from previous market gains when the mining boom was running meant we started with a lower price base in our real estate markets.  This also kept rents from running up into the unsustainable highs of other regional areas. All in all our markets were stable and boring for the entire decade preceding 2015. The growth of recent years is a very recent phenomenon and may herald the start of a very different era.

In aggregate the above infrastructure projects total over $5 billion.  In a property market characterised by geography that will not be used for housing (national parks, the coast, and escarpments) with only a few hundred thousand people…. the impact of all those improvements is being, and will be felt in house prices.

When added to our obvious natural assets, the fact we are already a highly desirable tourist destination, and the demographic shift towards a favourable retirement lifestyle we have a perfect storm for capital gains.

This is a demographically led population boom with a technological twist that is being supported by infrastructure.  The money is being spent, the people are arriving and the transformation of our region is underway, like it or not.

Warning: The area will not grow uniformly, some areas will outperform others and you need quality research to understand which areas are growing in what order and by what magnitude.  Suburb and street level research becomes more important than ever when discerning buyers like Baby Boomers are selecting their preferred locations.

Getting local experience on your side will even the score but ensure you are not employing anyone with a conflict of interest. If the price of good advice seems high remember that the price of free advice will often be much much higher in poor asset selection and years of regret.

What could be the outcome of getting in on this trend early? Getting investment grade properties in quality locations at fair or better prices stacks the odds in your favour to reap the benefits of this next property wave.

The next 5 years in property in Australia are not going to be the same as the last 5 years. You need a different system to profit from real estate than buy in a capital city and hope. Until you have an evidence based approach to selecting investments you will have patchy (or worse) results and be at the whim of lady luck. Markets reward those who are brave enough to see into the future. When a region like ours is a place everyone wants to come for holidays, isn’t it only logical to think that as transport and technology improve that we will choose where we live based on how we like it, not whether it is close to our place of work?

The opportunity for those with vision is to own properties that in a decade will be vastly more expensive and looking back prices will seem ridiculously cheap in hindsight. Further it is also totally possible to move to one of the most idyllic places on earth and be a short drive from our nearest capitals, Sydney and Canberra. For those willing to invest, develop, or move to the South Coast the future may be a bright jewel of opportunity at a time when the general sentiment is depressed.

The author has no regrets since we moved here from Sydney 10 years ago and he can’t think of a better place to be.  

I guess that makes him biased - but hopefully for all the right reasons :)

References:

1 https://www.domain.com.au/money-markets/the-infrastructure-mini-boom-coming-to-the-rescue-as-property-eases-20171016-gz1vr1

2 https://www.southcoastregister.com.au/story/5569470/were-swamped-by-tourists-our-infrastructure-is-run-down/


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Pins in Strawberries and Fear in Real Estate 

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I feel bad for the farmers. A few bad apples (sorry - fruit pun) put pins in strawberries and we had instant fear over one of our most loved fruits. The property market is a little more complicated than that but only just. 


There is a lot of fear in the media right now pertaining to property. Sydney and Melbourne markets have peaked, and many suburbs experienced price reductions from the peak. The Royal Commission has the banks under the spotlight and borrowers are finding they need to jump through more hoops to get finance. 


Many markets have seen a slowdown in sales speeds and auction clearance rates are lower. You could easily be fooled into thinking Armageddon is on the cards for every city, village, town and region in the county and price movements will be a carbon copy of our capitals. 


That would be a an easy assumption to make, but you would most likely be wrong. Assuming everything is the same as Sydney or Melbourne is like assuming every type of fruit and veg in the supermarket is unsafe because of those pesky pins found in the strawberries. 


Let’s be clear - when APRA tightened lending restrictions they had an agenda:  


They wanted to pull the handbrake on the runaway Sydney and Melbourne markets. They wanted to kerb overly excited speculation. They wanted to prevent us repeating America’s mistakes.


According to most economists they have successfully achieved this. 


Both cities had experienced intense price growth for years and were at risk of hitting true bubble status. They have now stopped cold. Like strawberry sales did a few weeks ago.


But is Australian real estate just 1 market? Or event 2? 

No way. 


We actually have way more different markets than a fruit salad. 


This is the thing the media so often ignore. 


Each area has its own level of supply and demand. Hundreds of micro markets that are all ebbing and flowing with our choices, our decisions to stay, to move, to head up the coast or down, or interstate.  As different from strawberries as the lychees, mangoes, carrots and broccoli on Woolies shelves. 


Most regions in most states never had the kind of FOMO (fear of missing out) that saw Kellyville median go from $630k to $1.29m in 4 years or Bondi from $1.3 to $2.7 in 5yrs or in Brighton VIC which ran from $1.6 up to $2.8m. Even working couples with 2 high powered jobs (and little hope of having kids) struggle in such pricey locales, let alone the rest of us. 


It had to stop and it did. 


But what about the bigger picture? We all know most areas outside these 2 markets are far far cheaper, and more achievable. Does that mean anything? 


Could the pins being in just 1 fruit type mean the others are safer than we think?


Wait… doesn’t the world’s best investor say to “be fearful when others are greedy and greedy when others are fearful?” 


Yes he does. His name is Warren Buffet. 

So… how is the herd… the “others” behaving now? 


With fear. 

Massive doses of it. 


The media is playing the doom and gloom card on every week’s auction clearance rate too because it sells more papers.


So… does that make it the perfect time to “be greedy” in the buffet vernacular and consider buying? 


Perhaps. 

Lets think about this.


First - finance is tough this year, we stated that. As a result there could be more short term pain. But what of other measures?


What about population growth? 


Surely there is nothing more fundamental to property markets than the law of supply and demand? 


In August this year Australia ticked over 25 million people. Last year we added 380,000 to our total. This is a mix of immigration and natural increase of course, but the overall picture being a lot of new humans in the nation. This is likely to continue unabated and will put a requirement on us to keep building homes or see fewer people competing for the same ones. If the markets and stopped growing the developers gone into their caves because the easy money is over, who is building? Hmmm….


What about internal migration?


Evidence shows we are becoming more mobile, more lifestyle focussed and key natural assets (beautiful places) are drawing ever increasing population growth from moving baby boomers and you families opting out of the city. 


Globally, digital nomads are a thing. The internet is given more of us (author included) the freedom to ditch the long city commute and live where we wish. Usually on the coast or in the hills somewhere pretty, usually within 3 hours of some larger infrastructure base. Interesting…


What about employment? 


This year unemployment has fallen from 5.8% (pretty good historically) to 5%. It fell last month and looks to be falling further. In fact it is much closer to its lowest on record (4%) than its highest (11.2) over the last 40 years of data gathering. Armageddon? Possibly not quite.

Maybe buffet was right. 


Maybe timing is everything and listening to the herd is the worst thing to do. 


Maybe those little known overlooked markets around the country… those ones outside of the capitals that have booming local economies and growing populations could represent some very interesting places to buy after all? 

Especially at clever prices while everyone is too busy looking at the pins. 


Seeing past the fear is a simple as taking a deep breath, looking at all the evidence, and choosing your areas wisely. (To really whip the metaphor switch to eating bananas or mangoes in place of strawberries for a while - you might even like them)

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(Disclaimer: The author continued eating strawberries during the “crisis” and enjoys a slightly unbalanced diet which he does not in any way advise. Please eat and invest responsibly)

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TaxATION... WAIT! don'T Stop Reading. free STUFF inside

Yawn... many of us hate tax. Or are at least bored by it. (sorry to the few details people I just offended) 

But what if I said the 3 minutes you take to read this could be worth $3000? $6000? more?

With tax returns due at the end of the month (if you lodge with an accountant) I always get asked about depreciation at this time of year.  Truth is, it doesn't matter when, but at some point you should ask yourself..."have I got depreciation schedules on all my investment properties?"

Now, some of you are saying "I don't even know what that is!" 

Ok, what is depreciation?  In a nutshell: 

Depreciation

Depreciation is a reduction in the value of an asset over time, due in particular to wear and tear.
"provision should be made for depreciation of fixed assets" - in residential property this means your carpet, blinds, oven, dishwasher, etc etc.  Basically anything that isn't part of the structure of the building and can wear out. 

The bad news: this stuff wears out and needs replacing eventually. 

The good news: the ATO lets you claim the cost of wear and tear every year.  

So if you put in new carpet last year - you can claim a portion of the wear this year. And you should. Why? Because this creates a "phantom" tax loss - ie a claim that reduces your taxable income but doesn't cost you actual cash this year.

That means you pay less tax.

That is good news, and its worth thousands (see - I told you it would be worth it to keep reading). 

If you are a property investor trying to grow a portfolio and have lots of properties, or even just 2 or 3, then you need to learn to manage your cashflow.  It's one of the hardest parts of long-term success.  Let's face it, we all hit cashflow walls occasionally, and if you ever want to take a holiday you need to know you can pay all those bills. So please, get a QS report done sooner or later. You won't regret it and you will make lots of $ back every year. 

After a cheeky headline like the one above I know you're not still reading because I am entertaining.  Wait no more - here is the free stuff I promised.  Well, I know the good people at Depreciator - one of Australia's few quality nationwide residential Quantity Surveyors I would trust.  I have personally used them on investment properties of mine and been thrilled with the results.  They offered a discount for my clients.  I don't get any commission at all for this, I just want my clients, and anyone who visits this blog - to get a really good deal.  

So - it's discount time. Follow this link and take Depreciator up on their offer of a phone call.  When you get on the phone request a $55 discount and mention Precium. 

Getting a good QS report results in thousands of money back over the years of claiming stuff. If you know someone who owns investment properties that isn't claiming all they can - then you are costing them thousands by NOT sharing this blog post to them. (do you feel guilty yet?)

Have a nice day :)

 

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May Market?

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May Market?

I have a few semi-related bits to post - so I will break things up.  I will send the market update today and the "part 2" (technical term I know) in a few days. 

Market Update.  Short version - the south coast is humming along.  RP Data and Your Investment Property Mag agree, they interviewed me for this article on the Illawarra being the best performing regional market in AUSTRALIA for the last 12 months.  Well worth a read but the take home summary:  Baby Boomers retiring out of the capitals is having a big impact on the market.  If you plan on getting into the market but were wondering if it was better to wait a yr, be warned, prices are on the up. 

http://www.yourinvestmentpropertymag.com.au/news/illawarra-revealed-as-australias-strongest-regional-market-216672.aspx

P.S. The Illawarra & Shoalhaven Regional Plan (which is in part driving the above market results) is something lots of people have been interested in so I put a link to download it from the precium.com.au home page.  Feel free to check it out if you haven't already.  (NOTE: Image shown is new Burrill Lake Bridge under construction image courtesy of Darryl Gamma)

 

Part 2:  Those of you who know me know I love property data (nerdy I know) well I am working on putting together what I believe will be Australia's best value property data access and some great education tools for those of you who are the DIY investor type or just want to know it all. 

STAY TUNED for part two...

 

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Property Management - Good, Bad, Ugly

Have you heard the (familiar) horror story?  

 

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Nightmare tenant stops defaults on rent, trashes property, invites squatters, devalues home, upsets neighbours and ruins cashflow putting investor into financial stress because they still have a mortgage to pay….that story.

 

Ugh. (shudder)

 

One of my places got trashed once.  Tenant stopped paying rent, spent the money on drugs, we commenced tribunal action but they did a runner owing quite a bit.  The house was left in a terrible state and they stole a bunch of stuff. By the time I get the place cleaned up and rented again I was way out of pocket.  I got my insurance money eventually but it took a long time to actually get paid.

 

Now before you cry for me, don’t worry I am a big boy, I can cope, chalk it up to experience.  And no, it didn’t turn me off property (obviously).

 

But no one likes the thought of that happening. It scares a lot of people away from property altogether, and pushes others into overpriced new or off the plan properties because of some imagined promise that this wouldn’t happen if your rental is shiny enough.  It isn’t true, I have heard the same story even in new properties and high priced markets.

 

How do we 100% avoid the risk this kind of thing happening to us?

 

Truth is, you can’t.

 

But you can minimise it.

 

When I reviewed why it happened to me, I was cranky.

 

Then I got honest. I was left with 1 main reason.

 

I should have picked a better property manager, they screwed up royally (long story) but I hired them so again, my fault.

 

Newsflash...

 

Choosing a property manager is actually one of THE MOST important parts of the whole property investing shebang. Get it right and the experience of ownership is smooth and fun for the most part.  Get it wrong, and….

 

I might do another post on this later but for now, here is a few quick things to look for in a PM.

 

1 - Accurate appraisals - knowing the numbers in their market so they don’t over or under rent your property.

2 - Being willing to instruct and help landlords on required renos and maintenance to put your property in the sweet spot of best local tenants. (ie yes to dishwasher, no to helipad)

3 - Being able and willing to screen the bad tenants out. (how they do this is everything, they have different ways but it must work)

4 - Having systems to pick up rent defaults and take matters to tribunal quickly when required, and being able to represent the landlord (not the tenant) in those cases.

 

In case you are wondering - no, I don’t do property management, and no, I don’t take commissions for recommending anyone.   I just spend a lot of time looking hard for the good ones and stick them when I find them.  Which makes me appreciate mine even more.  Come to think of it, I might ring one today to say something nice.

 

When you find a good one, look after them.  It’s a stressful often thankless task.

 

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5 Things Mum taught me about Property Data

 DISCLAIMER: This is not my actual mother. She would be horrified if I put her photo up here so you get this lame GIF instead. Mum doesn't even look like a bit like this.  Sorry mum. 

DISCLAIMER: This is not my actual mother. She would be horrified if I put her photo up here so you get this lame GIF instead. Mum doesn't even look like a bit like this.  Sorry mum. 

 

I love my mum.  She taught me a lot.  Especially about Property Data.  I am almost certain mum was talking about property data when she drummed these life lessons into me at a tender age.  Given it's Easter (not sure if that has any correlation at all) I though I would share her best thoughts on the matter. 

 

 

1 - "You'd forget your head if it wasn't screwed on."

 

It’s amazing how markets forget.  Despite when data is singing a clear supply demand song, we think things like “this time its different”.  Data shows that trends in property are long, but also that they can and do reverse.  We need to watch the data and learn to interpret it to see future trends by comparing to decades of previous market movement, not just months or years.

 

2 - "What if everyone jumped off a cliff? Would you do it, too?"

 

The desire to be part of the herd is strong.  Think about your next BBQ, how will you explain your investment choices to your best friend?  What will be the look you get?  It’s really tempting to just buy what everyone else is buying.  

 

I don’t like to rag on the media but they at times have been complicit in this.  Loads of people start heading in one direction, even if that one direction ends up being off a cliff like lemmings. Journalists forced to create more content are desperate to tell a story that support their industry.  Media companies derive their livelihood from ad revenue.  This revenue often comes from large property developers with vested interests in huge new unit developments.

 

The result in property can be a huge pressure for TV and News outlets to present new off the plan apartments as great investments.  Often they are not.  My apologies to the marketing firms, but data driven decisions to target the right (often established, not brand new) properties based upon real metrics for supply and demand is a better pathway in my humble opinion.

 

3 - "It's no use crying over spilt milk."

 

We all want to go back in time to when our grandparents were little and buy cheap properties for a few dollars each.  We can’t.   Data is far easier to interpret in reverse, but we don’t have that luxury.  However, I have found by studying the cycles of the past we can better observe the same trends, get a feel for datapoints in the present and plan for the future.  

 

4 - "When I was your age, I had to walk ten miles through the snow, uphill, by myself, to go to school."

 

(2nd Disclaimer, it was actually Dad, more than Mum who said this one, but it is still good. I don’t even know how long 10 miles is.   Maybe property data can tell me?)

 

I don’t like to play the age card (mostly because it makes me feel old), but I began investing 15 yrs ago.  It was in the early days of the internet. Data was really hard to get.  I knew even back then that good information would lead to good purchases.  I had to purchase my suburb reports one at a time and print them out.  They cost about a day’s wages (each).  I would drive down my chosen streets with a pile of paperwork and a highlighter looking for comparable sales and make notes.  I can still remember the agent’s face the first time I said - “It’s not worth more than $XX because the one 2 doors up just sold for $XX”  He wasn’t expecting a kid from interstate to say that. Priceless.  

 

These days data is of higher quality, for less money, and accessible in far more convenient manner.  There are no excuses to make choices in the dark.

 

 

 

5 - "Go play outside! It's a beautiful day!"

 

The really good news.  Data tells us when the sun is shining. And mum made sure we always made the most of sunshine.  Don’t sit on the sidelines or mope inside when the weather is good.  Certain sellers of doom have lost their own money and (worse) cost other’s fortunes proclaiming wholesale market crashes that have not eventuated. We all have to make a choice.  A choice to be in the market, or not. No one can take that choice from you, the risk of doing either remains yours. Whether the next thing in the market is price rises or price falls, or a flat market, the newspapers probably aren’t going to predict that so well for you ahead of time. The best way I know to sleep at night is to learn to think for yourself about the data, because it doesn’t lie.

 

 

 

There you have it.  5 Lessons from Mum that shape the way I use Property Data each day. Useful?

 

(Ok, so maybe mum wasn’t ONLY talking about property data when she handed down these evergreen snippets of wisdom while we were growing up. She might have had more general life lessons in mind, but I like to apply what I learn, and she loves me, so I know she will forgive me for taking a little poetic license.)

 

PS

Dad went to school in Melbourne, it didn’t snow that often and am pretty sure it wasn’t 10 miles walk to school.  I think he was a little loose with the truth there, but the lesson is still useful and I use it with my kids now, it’s fun.  The others were all solid, I promise.

 

 

PPS Thanks for everything mum - love you!

 

Matt

 

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A Selfie? Really?

Why would Matt send out a SELFIE?

...when our feeds are chock full of them.  

It’s not even very good. Or interesting. (and WOW my head is shiny)

 

Ok - story time. You see the other day I was in the city walking - when I stopped. 

I had a moment. 

I took this photo...but I need to go back further: (warning, this is long)

Some of you know I used to be a social worker.  I actually had my first full time gig in Redfern 15 yrs ago. It was great, and my office was a few doors down from this spot, the corner of George and Cleveland St.  Back then I just invested in property on the side, it was a hobby more than anything else, but I loved it, along with my first passion which has always been working with interesting people.  I was newly married and the world was in front of me.

3 years into that job, I was driving to work, coming along cleveland st about to turn left onto George St. The traffic was only doing 50km/h but there was a lot of it.  

A  pedestrian stepped out in front of me just as I was turning.  

I jammed on the brakes. 

I stopped. (thank goodness) I saw her face out my windscreen she looked relieved and sheepish.  She new it was her fault. 

Then it happened. 

SLAM. 

A B-Double truck right behind me slammed into and completely consumed the back of my corolla.  It was sent spinning across the intersection. 

I can still remember the instant pale look of horror on her face as the pedestrian watched my car violently spinning in front of her, no, towards her.  I think I missed taking out her knee caps by about 5cm. 

I spent 6 weeks in physio for my neck, but made a full recovery.  No one was permanently injured, or worse killed - thank God. The rest was a blur.  

Back then I had dreams, but I was uncertain.  I had plans but no confidence.  I didn’t know how life would pan out. 

Then the other day when I walked that road - I had a full on flashback to that accident. I felt the emotion, re-lived the moment, it was involuntary.  Then completely out of the blue I felt gratitude wash over me like a wave.

You see, I am lucky, or blessed, or whatever the right word is.  A very patient loyal woman loves me, and I have 4 incredible children who (sort of) put up with my dad jokes.  I think back to that young man who got spun across the intersection by that truck and I think life could have panned out so many different ways. I am so grateful to be right where I am right now.  I’m not trying to make light of the trials or tragedies, they happen too. But really things are way better than I deserve.

If you are like me there is always another goal to set.  But for now maybe we should both take a moment to be thankful for the journey thus far. For the good stuff, and the hard stuff.  

I guess this is like a really late New Years reflection, and I am saying thanks.  Thanks to the amazing clients who I get to work with, to friends, family, God.  

I sincerely hope you can find a bit of that feeling too, somehow, even when things are hard. 

And sorry about the ramble. (not to mention the selfy!)

Matt

PS - In case you were wondering will I talk about property?  Yes, I'm itching to share a few ideas next time.  I actually have a few ideas I want to share with you and get some feedback if that is ok? 

 

 

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Me in the media - apparently.

So this morning I was hunting away (glamourous work I know, I do quite a bit of that) for a block of land for a small developer I and working for, and the phone rings...it was a journalist.  

Apparently a phone interview done months ago went to print and I never found out about it, I thought it must have been trumped by Trump or other more controversial news.  Regardless we hope this is useful for you and gives some context to your property making decisions when thinking about buying locations. Location selection is a key factor in a happy buying outcome so take the time and get this part right!

http://www.yourinvestmentpropertymag.com.au/news/infrastructure-investment-and-decreasing-affordability-in-sydney-drive-interest-in-nsws-south-coast-203569.aspx

 

 

PS - yes, we do have the best lakes, and the best fish n chips.

 

Matt

 

 

 

 

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Berry Bypass Video

Locals love to hate traffic they aren't used to, but its hard to argue that this road improvement is impacting the coast.  I get a lot of questions about the progress of Berry bypass road works - from coast dwellers looking to commute to jobs up north, but mainly from Sydney Baby Boomers thinking about the retirement move south and from Sydney Investors who know that ship has sailed and are looking where to buy too.  Well since I drive past each week doing inspections between Wollongong, Kiama, Nowra and Ulladulla I thought I would snap this for posterity. I might do it again in a month or 2 and see what has changed.

October 15 Gerringong = final stages, Berry mid way lots of work still to do.

#southcoast #property #buyersagent 

Ps love sunny inspection days!


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