Last month the RBA put the cash rate on hold meaning property investors and other mortgage holders were given their first reprieve in almost a year. This month, they’ve increased it again but did we expect this? Joining me to discuss this is member experience director from The Property Mentors and go-to interest rates and inflations guy, Aaron Best. We also talk about Domain's findings from their recent House Price Report and touch on the recent RBA review.
This week, we shine light on the sometimes overlooked role of a building's facilities manager and explore the crucial role they play in ensuring smooth operations and optimal functionality of commercial, residential, and institutional buildings. From office buildings to apartment complexes, facilities managers are the unsung heroes who work tirelessly behind the scenes to keep our buildings running smoothly. My guest today is Fab Segi, a facilities manager with many insights and anecdotes from his 15-plus years of experience in the field. He'll discuss the challenges he faces in juggling multiple responsibilities and navigating unexpected emergencies, the rewards of seeing a well-managed building thrive and the importance of a facilities manager for an investor and their asset.
Purchasing property is a significant financial decision, and when starting out, we often seek advice from our family members who will have their own opinions and experiences. However, it's important to remember that getting a second opinion from experts can potentially save you a lot of money and time in the long run. Professionals like property mentors, mortgage brokers, accountants and other property investment experts can offer valuable insights based on their industry expertise and market analysis. Joining me for todays discussion from The Property Mentors is mentor team director, Herman Benade and mentor team leader, Malika Kingwell. Today, they share their insights into what can happen when a second expert opinion is not sought, how to navigate competing advice and finding a balance between familial considerations and expert insights.
Renovating. How hard can it really be? Grab some cans of paint and some new carpet, block out a few weekends and voila! A reno done and dusted with huge profits on the way! The reality is, renovations are not as easy or as glamorous as some TV shows would portray them to be. If not done properly and without the right planning in place, they can time-consuming and costly, so it's essential to have a clear understanding of your goals and limitations from the outset. My guest today, Owen Smith, is a tradesman who specialises in renovations and is here to discuss the right and wrong way to go about one. From hiring the right contractors to budgeting effectively, to planning your renovation properly so that there are no surprises along the way. Whether you're planning a small DIY project, flipping a property or doing a major overhaul on your investment property, this episode will help you avoid common mistakes and achieve the renovation of your dreams.
Effective communication is a crucial component of success in both business and personal relationships and by being aware of the various behavioural and communication styles, individuals can achieve more mutually beneficial outcomes. Joining me for today's episode is Jaymini Mistry, an executive coach and psychometric assessor who specialises in the DISC model. This widely-used tool helps individuals and organisations to better comprehend individual behaviour and communication styles. During this conversation, we explore how understanding these styles can enhance team dynamics, personal communication, and overall workplace productivity.
In the wake of this week's decision by the Reserve Bank of Australia to leave interest rates on hold, property investors and other mortgage holders have been offered their first reprieve in almost a year. With economic uncertainty still looming large, this pause in interest rate hikes could be an opportunity for those with outstanding mortgages to make much-needed financial headway and take stock of their current property portfolio.
