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Today we’re joined by a special guest, the chairman and owner of CENTURY 21 Australasia, Charles Tarbey.
Charles controls one of the largest property groups in Australia and is regarded as one of Australia’s leading property experts.
Charles has had a legendary career in the Australian real estate industry and believes “anything’s possible … when you don’t know what you’re doing”.
This is what Charles learned through the experience of buying his first home. The equity gained from this first purchase enabled Charles to buy the real estate business he was working for just three years later.
Sometimes we overthink and over analyse our investment decisions to the point where we don’t actually make any decisions or take any action at all.
In 1983 Charles started Combined Real Estate which became a well-known agency and grew to 56 offices throughout New South Wales.
He purchased the Australasian arm of CENTURY 21 in 1995 and then Wentworth Services in 2011 (Wentworth held 8,000 residential, commercial and industrial property managements).
Charles now controls one of the largest and most diverse property groups in Australia.
Charles’ insights come from a lifetime of involvement in the real-estate industry, and we are very privileged to have him on the Long Property blog.
Our interview covers the following topics relevant to property investors in Australia:
- How property differs to shares and the strategy of targeting average properties, in average areas, and holding them for average lengths of time
- Dispelling the myth that property prices increase in value by 5-7% each year
- Which section of the market property investors should target to strategically reduce risk
- How a hands-on approach can also mitigate risk
- Commercial strata as an investment and the advantages of paying yourself rent
- The key to spotting “better” times to buy and sell
- Where Melbourne and Sydney homeowners are now investing following their recent equity gains; and
- What’s in store over the next 2-3 years for the national property market in the context of job security and interest rates
Charles’ key tip for investors is:
Invest where there are the greatest number of buyers … top of the first home buyers market, bottom of the second home buyers market
It should be noted that Long Property agrees with Charles that investing interstate is higher risk and is not something that any investor should take on lightly.
If you’re not confident in your knowledge and experience, or you simply don’t have the time to properly research interstate markets, then the only way you can do this safely is to work with a professional buyer’s advocate.
Our next Long Property interview is with an investor who owns 15 investment properties, 12 of which are interstate. He talks about why he has chosen this strategy and explains how it can be done wisely.
Please take a look at CENTURY 21 and also Charles’ personal website – www.charlestarbey.com.au
Charles is the author of two books Listing Rich and Profit Driven Real Estate, both available from his personal website, and both recommended for estate agents looking to progress their careers.
Ladies and gentlemen, without further ado, please enjoy our 12 minute interview with Charles Tarbey …
Thanks for tuning in. Please leave any comments or questions in the field below, otherwise you can also email us at hi@longproperty.com.au
