29 Aug 2024 Podcast: Guest – Data Driven Property Investment with Kev Tran
In this episode Evelyn welcomes Kev Tran, a buyer’s advocate and founder of Kev Tran Buyers Advocacy.
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Kev shares his data-driven approach to property investment, focusing on properties priced between $450,000 and $1 million across Australia.
He discusses how he uses a macro-to-micro strategy to identify investment opportunities, analysing national trends before honing in on specific local areas and property types.
Kev also shares his journey from working at Casinos to becoming a property investor, inspired by seeing the wealth generated through real estate.
Listeners are treated to valuable insights on property investment and can access Kev’s exclusive checklist of data-driven insights by reaching out to him directly.
Connect with Kev:
Email: kev@investorkit.com.au
Website: https://kevtran.com.au/
Instagram: @kevtran_buyersagent
LinkedIn: https://www.linkedin.com/in/kevtranbuyersagent/
Youtube: https://www.youtube.com/@PropertyInvesting_With_KevTran
Facebook: https://www.facebook.com/kevtranbuyersagent/
Find out your next step in property finance:
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You Have My Interest is brought to you by Everlend, a mortgage and finance broking firm built for the purpose of educating and empowering you to make informed financial decisions tailored to your wealth goals. Find out more and book in your free initial consultation at https://www.everlend.com.au/
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Please find a Podcast summary below with the interview highlights:
Evelyn interviews Kev Tran, a buyers advocate specialising in property investment. Kev shares insights into his investment strategy, market analysis, and personal journey. The discussion provides valuable advice for property investors, focusing on macro-to-micro-level data and long-term strategies.
Key Highlights:
Kev’s Background and Services:
- Role: Investment-focused buyers advocate, helping clients build property portfolios.
- Specialisation: Established freestanding houses in high-demand areas; avoids units, off-the-plan, and new builds.
- Target Clients: Investors with budgets ranging from $450k to $1M, seeking 4–6% rental yields.
- Coverage: Active in four states — Queensland, South Australia, Western Australia, and Victoria.
Market Insights:
- Western Australia (WA):
- Past strong growth but requires caution due to increasing investor activity and rising vacancy rates in some areas.
- Focus is on submarkets with strong household incomes and diversified economies.
- Victoria (VIC):
- While some investors are leaving due to policies like land tax, opportunities exist in outer suburbs with increasing rental yields and affordable entry points.
- Signs of recovery in Melbourne’s market after a period of decline.
- Queensland: Active in Greater Brisbane and key regional cities.
- South Australia: Includes Adelaide and select regional areas.
Data-Driven Approach:
Kev uses a macro-to-micro strategy for property selection:
- Macro Level:
- Strong local economy with diversified industries (avoids reliance on mining or tourism).
- Low unemployment and strong job ad trends.
- Household incomes supporting property prices.
- Infrastructure projects with long-term impact.
- Micro Level:
- Suburb-level analysis focusing on supply-demand imbalances:
- Days on market, stock on market, and vendor discounting trends.
- Owner-occupier dominance (70% or more) for stable demand.
- Avoids detractors like busy roads, flood zones, public housing concentrations, or proximity to industrial areas.
- Suburb-level analysis focusing on supply-demand imbalances:
Balancing Growth and Yield:
- Kev aims for a balance of 4–6% rental yields alongside strong growth potential.
- He avoids properties with extremely high yields (e.g., 8–9%), often tied to volatile markets like mining towns.
- Emphasises the importance of long-term performance over short-term gains.
Personal Investment Journey:
- First Property (2016): Bought an off-the-plan townhouse in Melbourne, learning later that established properties might have offered better growth.
- Second Property (2018): Purchased in Ballarat using a data-driven strategy, achieving better results.
- Third Property (2021): Acquired in Toowoomba, continuing to diversify the portfolio.
- Current Plans: Exploring properties in Townsville and Rockhampton, considering family trust structures for future investments.
Advice for Investors:
- Use data to identify areas with strong economic fundamentals and future growth potential.
- Don’t invest blindly; understand the reasons behind your purchase and align with long-term goals.
- Timing matters — look for markets with supply-demand imbalances before growth accelerates.
- Engage professionals, such as buyers advocates and mortgage brokers, for informed decision-making.
Takeaways:
- Property investing is a long-term strategy; understanding market cycles and data trends is crucial.
- Investors should focus on a balance of rental yields and capital growth, avoiding overly speculative plays.
- Buying during quieter market periods can offer better opportunities for negotiation and long-term gains.