Terry Ryder is a property researcher and writer on Australian real estate since 1982. He’s also the founder and managing director of Hotspotting, one of Australia’s leading online resources for investors of Australian residential property. With more than 35 years devoted to the real estate industry, Terry is one of the most knowledgeable and respectable figures with regard to the Australian housing market. In this episode of Property Uncovered, Terry and Sanjeev discuss why we should think of local economies instead of “the economy” as a whole, how to determine when it’s time to stop buying properties, or how treating of our portfolio as a business is key to our success as property investors.

— TIMESTAMPS —

(00:00) Intro

(00:51) From journalist to property consultant

(04:27) Information overload and the advent of digital tools

(07:01) Getting tired of renting and the purchase of his first properties

(09:19) When to consider selling a property

(10:46) What makes a good asset

(13:27) Achieving wealth through good assets

(15:38) Asset protection and buying under different structures

(17:44) Considering local economies instead of the market as a whole

(19:55) Building your team and getting experts’ advice

(24:10) Is it ever too late to start investing in property?

(26:36) Determining when enough is enough

(29:09) Predictions for the Australian real estate market in 2023

(33:07) Closing thoughts

(34:24) Outro

— QUOTES —

– “I’ve always been a believer in buying towards the low end of the market… If I had a million dollars, I wouldn’t buy a one-million-dollar property, I would buy two or three properties.”

– “Some people believe that expensive properties show better growth. I don’t think that’s true at all.”

– “I don’t think there’s such thing as the Australian property market. I think there are thousands of markets and they are all local.”

– “Property investment is a business in itself. People should treat it as a business. And in a good business, you spend money to make money.”

— CONNECT WITH TERRY —