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

<p>If someone handed you $800,000 to invest in property today, would you buy in Melbourne, Perth or somewhere completely different?</p><p><br></p><p>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.</p><p><br></p><p>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.</p><p><br></p><p>Because the property isn’t the goal. Your end game is.</p><p><br></p><p><strong>IN THIS EPISODE</strong></p><ul><li><p>Where Dawn and Lachlan would put $800K today</p></li><li><p>How a $60K to $70K renovation could add $120K to $150K</p></li><li><p>Why the investor with 17 properties has only $500K equity</p></li><li><p>Why $800K in Perth is not what it was in 2020</p></li><li><p>Sell in the FOMO phase, don’t buy in it</p></li><li><p>Should buyer’s agents be regulated?</p><p><br></p></li></ul><p><strong>CHAPTERS</strong> </p><p>00:00 Seventeen properties, seventeen headaches </p><p>00:40 The $800K challenge </p><p>01:18 The Geelong West renovation plan </p><p>13:20 The investor with 17 properties </p><p>20:26 Why $800K in Perth is not what it was </p><p>36:36 The verdict: Melbourne or Perth? </p><p>40:08 The YouTube comments </p><p>1:00:57 Property is not the goal</p><p><strong>GUEST</strong></p><p>Lachlan Delahunty, Founder of Follio</p><p>Website: <a href="http://follio.com.au"><u>follio.com.au</u></a> </p><p>Instagram: <a href="http://instagram.com/folliopropertypod"><u>instagram.com/folliopropertypod</u></a> </p><p>LinkedIn: <a href="http://linkedin.com/in/lachlandelahunty"><u>linkedin.com/in/lachlandelahunty</u></a> </p><p><br></p><p><strong>BUILD YOUR OWN PROPERTY STRATEGY</strong></p><p>Future Proof Property Advisory: <a href="http://futureproofpropertyadvisory.com.au"><u>futureproofpropertyadvisory.com.au</u></a> </p><p><br></p><p><strong>FOLLOW FUTURE PROOF PROPERTY</strong></p><p>YouTube: <a href="http://youtube.com/@dawnfouhyproperty"><u>youtube.com/@dawnfouhyproperty</u></a> </p><p>Spotify: <a href="http://open.spotify.com/show/39LgldNq0mFuJNQOrY83R5"><u>open.spotify.com/show/39LgldNq0mFuJNQOrY83R5</u></a> Apple: <a href="http://po