S3 E1 How to buy in a hot market?
Play • 19 min

OpenCorp's Cam McLellan and Matt Lewison start Season 3 of Brick To The Future with an exciting topic - How to buy in a hot market.

The guys discuss:

  • How to get a good deal
  • Pitfalls to avoid
  • How not to be overwhelmed by the fast moving pace of the market

Why is buying at auction a bad move for investors and selling by auction a great move for sellers? Cam and Matt reveal their own experiences with auctions and the tips and tricks to make the most of the opportunities.

They look at the logic around buying in a growing market and discuss the often repeated 'If its hot I might as well wait until prices come down'. Showing how the Australian property market is growing much more often than it isn't.

Matt cautions listeners to buy the right type of property, especially in the current rising market, to target where you want to be investing with strong fundamentals.

They both describe the drivers and differences between top up vs bottom up markets, and which market makes the most sense for investors.

Lastly, Cam and Matt reveal the experiences of the OpenCorp finance team - confronted daily with people who are shocked that they are in a position to add to, or start their portfolio due to the equity growth in their existing property.

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