If You Had $800K Today, Perth or Melbourne?

If someone handed you $800,000 to invest in property today, would you buy in Melbourne, Perth or somewhere completely different?

Dawn sits down with Lachlan Delahunty, founder of Follio, buyer’s agent and investor, to answer it with their own money. No sitting on the fence, no waffle.

Lachlan is about to settle on a Geelong West character home for around $775K, with a plan to lift the yield from 3.5% to 5.5%. Dawn makes the case for boutique townhouses and units in blue chip Melbourne suburbs. Then it gets honest: the investor with 17 properties and only $500K equity, what happens when investors leave a market, and the brutal YouTube comments about buyer’s agents.

Because the property isn’t the goal. Your end game is.

IN THIS EPISODE Where Dawn and Lachlan would put $800K today

How a $60K to $70K renovation could add $120K to $150K

Why the investor with 17 properties has only $500K equity

Why $800K in Perth is not what it was in 2020

Sell in the FOMO phase, don’t buy in it

Should buyer’s agents be regulated?

CHAPTERS 00:00 Seventeen properties, seventeen headaches 00:40 The $800K challenge 01:18 The Geelong West renovation plan 13:20 The investor with 17 properties 20:26 Why $800K in Perth is not what it was 36:36 The verdict: Melbourne or Perth? 40:08 The YouTube comments 1:00:57 Property is not the goal GUEST Lachlan Delahunty, Founder of Follio Website: follio.com.au Instagram: instagram.com/folliopropertypod LinkedIn: linkedin.com/in/lachlandelahunty

BUILD YOUR OWN PROPERTY STRATEGY Future Proof Property Advisory: futureproofpropertyadvisory.com.au

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General information only, not financial, legal or investment advice. Always seek qualified professional advice before making property decisions.