02 9522 3000 john@hunterwood.com.au
John Manciameli handed a letter to the Prime Minister of Australia

John Manciameli handed a letter to the Prime Minister of Australia

I personally handed a letter to the Prime minister of Australia On Friday night 7th December 2018, I did something I have never done before. I personally handed a letter to the Prime Minister of Australia. The letter below was written on behalf of my 15,000+ colleagues in the mortgage brokering industry and all the clients I disappointed this year because of the Royal Commission into Banking Misconduct. On behalf of all mortgage brokers in Australia, I am sorry if you had your home loan aspirations affected by this Royal Commission. The good news is the mortgage brokering industry has banded together and started exerting pressure to find a middle ground where lending kicks starts again. To all my colleagues in finance, if a humble mortgage broker in the suburbs of Sydney can find his way to the prime minister, may I encourage you to take up the call to arms from the MFAA/FBAA to contact your federally elected member. Feel free to to copy and paste the letter I wrote below. Your clients need you, our industry needs you, Australia needs you. PS – that really is box of Pannetonne I handed our prime minister!   Dear Scott Thank you for taking the time to read this letter. My name is John and I am a humble mortgage broker working in Sylvania Waters, Sydney. I speak on behalf 16000+ mortgage brokers whom act on the dreams and aspirations of hundreds of thousands of ordinary Australians. The Royal commission into banking has had unintended consequences on Australians. I thank you in advance for the opportunity to bring what’s happening...

How to Get Ahead by Rentvesting

The idea of rentvesting has been used by highly dedicated and committed wealth creating property investors for decades. However, it remains a lesser-known approach to building an asset base. It deviates from the traditional ‘buy a home, pay it down and then buy an investment property’ approach, but it may well be the ideal path forward for many modern Australians.The intent of a rentvestor is to remain a tenant while also becoming a landlord. In doing so, they build their asset base independently of home ownership until such time as they can afford their much sought-after dream home. The question is: does it work and how effective is it really?In order to illustrate the value of rentvesting, let’s take a typical low- to middle-income couple and look at the choices they have in order to get started on their investing journey. We’ve introduced you to Kelly and Hamish, a hypothetical couple in their ’30s (see boxout, right).Kelly and Hamish essentially have two options available to them:Save a deposit, borrow as much as they can and buy their own home – even if it takes them years. Then get into their first investment property by saving another deposit through earned income and by drawing on any possible equity raised in their own home. Again, this may take several years.Rent, save a deposit, borrow as much as they can, and buy an investment property. Repeat this while renting. READER SCENARIOKelly and Hamish are beginning to feel like they’re missing out. Aged in their mid-’30s, they think they’ve been doing all right so far but believe there’s so much more they could...
How would you feel being a 1% Property Investor?

How would you feel being a 1% Property Investor?

Have you considered playing a bigger game than the average property investor? What if we were to say that it might not be as far-fetched as you think?In fact, it’s quite feasible for a dedicated property investor to eventually be ranked in the top 1% of property investors in Australia. This would sound outrageous if it weren’t for the fact that we have clients and colleagues that fall into this ‘elite’ investor category.  They’re not all high-income earners either. In fact, from our observations over the years, having a high income doesn’t always guarantee the best investment results.Ok, so what does it mean to be just an average property investor in Australia? Surprisingly, it means that you would be among the over 70 percent of landlords that have just one investment property. Even more surprising is that it’s quite likely that you would sell your investment property within five years.Despite media speculation portraying greedy investors snapping up multiple properties and making housing un-affordable for the rest of Australia, the commonplace reality looks quite different.If we focus on the 2014-2015 column in the table below, you can see that the decrease in numbers of landlords that have more than one property is dramatic. There are 1,468,949 landlords with just one property. If you look at the next row you can see the number of landlords with 2 properties is 383,505. You can see that relatively few investors have more than one property, and this drops rapidly to a low number having three or more: Owning two investment properties would put you in the top 19% of property investors, then the percentages decrease noticeably...
Podcast – Getting finance approved in this tightening lending environment

Podcast – Getting finance approved in this tightening lending environment

Many investors who would have been successfully approved for finance last year are struggling now to either begin or continue their property investment journey because of the current financial climate.In this episode of the Smart Property Investment Show, broker John Manciamelli and Momentum Media director Alex Whitlock joins host Tim Neary to discuss how APRA changes and the royal commission have resulted in a tighter lending economy and what that means for Australian investors.They discuss what traps investors should avoid if they are trying to obtain finance, the four key growth drivers in a property market and unpacking trust structures while revealing one type of trust that you should...
John Manciameli talks to Sally Prowse, CEO of Sandcastle Finance

John Manciameli talks to Sally Prowse, CEO of Sandcastle Finance

What first attracted you to help your clients with their investment property aspirations?I’ve always had a passion for property and I completed a Property Investment Advisers course, just before I started working with Slipstream, where I discovered some of the basic foundations. I love exploring the future with my clients and asking them – where do you want to be in 10-15 years time? Why did you choose to work with Slipstream?Anyone who has started working in the investment property space, whether it’s with their clients, or just for themselves personally will know how many cowboys there are out there.     The industry is completely unregulated at the moment and so one of the biggest things that attracted me to work with Slipstream is that they are an aggregator of accredited research houses and buyers’ agents who you can really trust.     I had the opportunity to meet the panel at the first Slipstream workshop I attended and the high standard was obvious. They really understood the whole process from beginning to end and immediately set to work helping me to set out a realistic and manageable process I could follow. What are the key benefits of working with an independent aggregator of investment property research and buyers’ agents?A huge issue is knowing who to trust in the sector, and this is a crucial component of the referral business, so knowing Slipstream has this covered is a huge weight off my mind.     Slipstream’s vetting process for the research houses and buyers’ agents is really strict – this is the way you know you’re working with the best of the best in the industry.      The other...