In our latest podcast episode, “Flying High and Building Wealth: Andre Knott’s Property Investment Playbook,” we dive into the dynamic world of property investment with seasoned investor Andre Knott.
Having owned 29 property investments and holding six, Andre offers a wealth of knowledge and experience, sharing his triumphs and regrets in the property market. From mining town missteps to co-living successes, this episode is packed with actionable insights for both novice and seasoned investors.
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Andre’s journey in property investment is nothing short of remarkable. Starting his investment career while travelling the world, Andre managed to build a formidable portfolio by focusing on capital growth and strategic property acquisitions.
Andre’s Advice on Property Investment Success
One of his key pieces of property investment advice is the importance of seeking guidance from experienced investors and financial planners. This wisdom is especially poignant given his biggest regret—investing in a volatile mining town, which nearly led to financial ruin.
Andre emphasises that learning from such mistakes and seeking sage advice can help investors avoid similar pitfalls. A significant portion of the episode is dedicated to the innovative concept of co-living.
By learning from his own missteps and relying on expert guidance, Andre was able to turn potential setbacks into valuable learning experiences.
One of the most innovative aspects of Andre’s strategy is his embrace of the co-living concept. Co-living properties, designed to meet the needs of multi-generational families and immigrant communities, offer significant rental potential and financial benefits.
Andre identified a gap in the market and responded by developing four-bedroom, three-bathroom homes that cater to these specific demographic needs, providing investors with a unique and lucrative opportunity.
These homes not only cater to changing demographic needs but also provide investors with lucrative opportunities, boasting rental potential of $270 to $300 per week per bedroom. The Melbourne property market is another focal point of the episode.
Andre discusses how the market has seen minimal growth over the past three years, making it an attractive opportunity for savvy investors. He highlights the benefits of capitalising on low prices and the potential for future growth.
The episode also delves into the specific regulations in Melbourne that limit the number of tenancies under one roof and how these impact investment strategies. By understanding these market dynamics, investors can strategically plan and benefit from the evolving trends.
Andre shares a personal story about his favourite investment—a two-bedroom apartment in South Yarra, Victoria. This property not only grew in value but also led to a surprising encounter with tennis star Novak Djokovic, showing the unexpected benefits of holding onto valuable properties.
This story underscores the potential for unexpected rewards in property investment and the importance of holding onto valuable properties for long-term gains. One of the key takeaways from the episode is the balance between expanding a property portfolio and managing cash flow. Andre stresses that sometimes consolidation is key to financial stability.
This is illustrated by his experience of selling properties too soon, such as a property in Carlton North that could have significantly appreciated in value had it been held longer. He emphasises that success in property investment often comes from “time in the market” rather than trying to “time the market.”
For young investors, Andre offers practical advice on the benefits of starting early and seeking guidance from knowledgeable mentors. He encourages overcoming the fear of taking action and stresses that getting into the market as soon as possible is crucial for long-term financial stability.
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By building a solid foundation early on, young investors can secure a financially stable future and capitalise on growth opportunities. The episode also explores the collaboration between Liviti Property and Aldridge Homes to offer co-living properties to potential investors.
Andre from Aldrich Homes shares insights on their efficient building process, promising to construct homes within four to five months and providing a fixed price for a streamlined journey. This partnership ensures that investors receive support and guidance throughout the process, making it easier to add co-living properties to their portfolios.
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In conclusion, this podcast episode is a treasure trove of knowledge for anyone interested in property investment. Andre Knott’s journey offers invaluable lessons on the importance of strategic planning, seeking advice from experienced professionals, and adapting to market trends.
Whether you’re a seasoned investor or just starting, this episode provides practical advice and insights that can help you navigate the complex world of property investment and build a financially stable future.
