Jun 23, 2026 · 26 min · 10 segments
Most people think they make money when they sell a property. The reality? You make your money when you buy it. Hosted by Ben Stewart and proudly…
Hunter DeanGuestBen StewartHostNo entities detected.
so if someone's thinking about um buying property right now what's the biggest mistake they could make i
think the biggest mistake anyone ever makes in property is paying too much you um you make your money i believe when you buy the property not when you sell it if you're buying the right property there's not really any mistake that you can make other than overpaying I mean, in the past, any mistake that you've made has been covered up by property doubling every 10 years.
So if someone's looking to make sure that they're buying at the right time, how do they go about doing that?
It's about looking for those things that you think will make you money down the track in a property.
Is there a new transport link being built within walking distance? Is there a new school being built? You know, the biggest one that will cost you money, you know, is there a block of 20 townhouses that are going in the section next door? Because that's when you're going to lose money instantly buying in that place.
Unless you may be thinking about putting up townhouses yourself, then it's, you know, it's not a bad strategy.
You know, what things am I thinking about that in 10 years are going to have helped this property add value without me having to do anything? And then, you know, then you can go into the other add value things.
You know, is this property just need cosmetic renovations that, you know, I can paint the place, I can redo the gardens, add lawn, whatever it might be that you do to add value.
And what makes you say that times may have changed and that may not be the case going forward? Yeah, well, I think
in my view, the way house prices have doubled every 10 years for the last 30 or 40 years has been a combination of low asset values to begin with so you know your house going from 100 to 200 000 is a little easier to take than a house going from 1 million to 2 million over 10 years that's quite a whilst it's still doubling you know you're talking about a million dollars versus a hundred thousand dollars so there's that kind of exponential growth factor can't continue And some of what's helped that growth as well as interest rates, you know, if you talk to your parents, they were paying 30% on their loan back in 1980.
so if someone's thinking about um buying property right now what's the biggest mistake they could make i
think the biggest mistake anyone ever makes in property is paying too much you um you make your money i believe when you buy the property not when you sell it if you're buying the right property there's not really any mistake that you can make other than overpaying I mean, in the past, any mistake that you've made has been covered up by property doubling every 10 years.
So if someone's looking to make sure that they're buying at the right time, how do they go about doing that?
It's about looking for those things that you think will make you money down the track in a property.
Is there a new transport link being built within walking distance? Is there a new school being built? You know, the biggest one that will cost you money, you know, is there a block of 20 townhouses that are going in the section next door? Because that's when you're going to lose money instantly buying in that place.
Unless you may be thinking about putting up townhouses yourself, then it's, you know, it's not a bad strategy.
You know, what things am I thinking about that in 10 years are going to have helped this property add value without me having to do anything? And then, you know, then you can go into the other add value things.
You know, is this property just need cosmetic renovations that, you know, I can paint the place, I can redo the gardens, add lawn, whatever it might be that you do to add value.
And what makes you say that times may have changed and that may not be the case going forward? Yeah, well, I think
in my view, the way house prices have doubled every 10 years for the last 30 or 40 years has been a combination of low asset values to begin with so you know your house going from 100 to 200 000 is a little easier to take than a house going from 1 million to 2 million over 10 years that's quite a whilst it's still doubling you know you're talking about a million dollars versus a hundred thousand dollars so there's that kind of exponential growth factor can't continue And some of what's helped that growth as well as interest rates, you know, if you talk to your parents, they were paying 30% on their loan back in 1980.
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