Top Suburbs to Invest in Perth for a Diverse Portfolio

Top Suburbs to Invest in Perth for a Diverse Portfolio

Many people I talk to always say they have been considering property investments but either don’t know where to start or don’t have someone to guide them.

Investing in high quality tenant ready properties throughout Australia is a great way to secure your financial security.

The reason for investing is to create wealth through strategic planning and understanding what city or suburb you should invest in is a great start.

So, which suburbs in Perth are strong to invest in and why?

One thing to always look for is what your return on investment will be and have the final outcome or future buyer of your investment in mind.

There are so many properties available and how do you choose? I’ve always been very particular with my selection of the properties based on quality and location.

Ironfish is known for helping create wealth through smart investing and the above two points are the key.

Location for strong capital growth and great rental yield, location is for uniqueness in livability and management of tenants. High quality is the standard we expect on all properties. As quality will withstand time and visual sexiness to your tenants and first buyer. Investing is a smart future plan for any individual or professional, and having a strategist work with you to build a diverse portfolio will equip you with the tools to become a strong educated investor.

The top suburbs in Perth to invest in are:

Claremont

Claremont is the 8th most established, wealthy and sought after suburb in Perth and is surrounded by some of the most expensive and prestigious suburbs in Perth. Claremont with its highly regarded reputation, home to high end boutiques, top private schools and the Claremont yacht club on the Swan River.

The medium house price for Claremont is roughly $1.5M, a price that takes most buyers out of this exclusive market place. However,  there are property developers that have opened the door for smart investors, the ability to come into the market now with apartments starting from under $550 000, allowing investors to capitalise on this prestigious postcode at this more accessible price point.

Claremont is located near Perth CBD. Perth River and Cottlesloe Beach offering the ultimate balance of work and leisure lifestyle. A private suburb without the bustle of a high profile city life.

Claremont is an established and prestigious suburb with a recorded 20 year capital growth rate of +7.35% p.a for houses and +5.16% units p.a offering strong long-term growth. The average income in Claremont is $1,674 per week, compared to $1,459 per week in Perth.

Supporting a vibrant shopping culture and outdoor activities such as tennis, sailing and golf. The attraction for tenants to live in this suburb is unique.

Innaloo

We can travel north up the Western Highway and past Scarborough go inland slightly, to the suburb of Innaloo. Home of one of the biggest Westfield shopping centre in Perth, the Iconic IKEA and near to the top beaches in Perth. The lifestyle in this suburb is unmistakably very convenient , with a hint of city lifestyle yet a mixture of summer coming. It’s designed to create one of Australia’s best beachfront destinations, with an array of choice of fresh food markets, restaurants, entertainment and international retailers. Innaloo is one of Perth’s fastest growing economic hubs and just a short commute to our CBD. Popular for professionals with no children as well as small families. Average income is $926 – $1640 per week, tenancy quality high.

Westfield Innaloo will be 1of the top shopping centres in Perth, once the billion dollar renovations take place. Innaloo will be the place to shop, dine, socialise and live.

Where ever there is strong developments, money being spent on infrastructure is genuine clue where is a smart place to invest. Average +7.58% capital growth for units in the last 20 years. Enjoy what Perth is famous for, our beaches and extravagant sunsets by the beach!

Ferndale

Now with investing with a difference we can drive down to Ferndale, this suburb is tranquil, quiet and close to again Carousel Westfield Shopping centre and Riverton Shopping Centre. Study at our state of the art modern library and the Riverton Leisureplex. Ferndale is strategically located with easy access to all major highways which makes exploring Perth very easy. Has spacious parks for an active lifestyle and close by our Canning River. Rental yield in Ferndale is 3.86%.Livability is a key focus if you are to invest in Ferndale, with everything you need, shops, schools, educational faculties, parks, recreational choices, public transport and more is all within easy reach. Medium average income is $665 per week a medium household $1292 per week. Medium rent is $320 a week.

Lathlain, Ascot, East Perth

We can move to the Eastern Suburbs, Eastern Suburbs are like Perth’s little secrets, these suburbs are very long-term and boating orientated. The suburbs are prestigious but lack shopping districts and restaurants. I would like to see a more vibrant dining, entertainment scene here. In the heart of these suburbs is the Perth Stadium which is the home of many world – class sports events. With projects totaling over $16 billion in both private and government investments, all Eastern suburbs of Perth will be fast becoming the suburb to invest in. Close to airport where FIFO workers like to live close by, close to the city, the hills and to our tourist destination Swan Valley, experts say these areas could be the remedy to enhance our coastal living. To invest in our Eastern suburbs is to invest in our economical future.

Look no further than in your backyard at Claremont, Innaloo, Ferndale, Lathlain, East Perth and Ascot for your next investment property.

Would you like to know more on how to pick the perfect property for your portfolio, that strengthens your financial security, talk to one of our professional property strategists today (obligation free) to ensure you get the best recommendations on the market.

Build up a mindset for investing and empower your investing journey with a plan.

This month Ironfish is holding a lunch event with our CEO, the topic is not on property at this moment but targeted at entrepreneurship so I still extend a invitation to members of Nifnex.

VIP Lunch Invite

Join the Founder and CEO of Ironfish Joseph Chou to explore “A Journey to Success” at Bankwest Place, 18th September, 12- 1:30pm.

marilyn_ironfishContact me for more information & a  complimentary VIP ticket to hear Joseph Chou speak about entrepreneurialism and his amazing journey.

Email: marilyn.balois@ironfish.com.au

Mob: 0403824655

Office number (08) 6399 6688

www.ironfish.com.au

Collaboration at its best in Perth

Collaboration at its best in Perth

We have all heard of collaboration…. however, we sometimes can’t see how best to collaborate. Below is a fine example of collaboration right here in Perth. We recently were contacted by Brad from Digidoc who wanted to have a collaborative service offered at the Nifnex Business Essentials Expo.

Below is a story of how three separate businesses collaborated to create a unique service offering which creates a win – win not just for the customer and for themselves but also for the community. This is a fine example of how we as business owners can be working with each other to enhance collaborative opportunities.

Managed Media tells us their story below.

A client, Ben, recently contacted me to get some printing done for a new business he had taken over. The previous owners had business cards and some A4 flyers, and Ben just wanted some more of the same but with a few changes as he wanted to go for a bit of a different look. It was all part of his plan to ‘freshen up’ the business now that he was running it, and he mentioned that he was going to have to do something with the website too.

This is typical of the initial conversation with so many clients, whether they are starting out in business or have been operating for years. It’s a set of simple requirements that people like Ben just need sorted out so that they can get on with what they do best, running their business. When you have a business you’re typically an expert in your particular field, but that doesn’t mean you know much about printing, or graphic design, or websites, or a host of other issues that come up in your business operations.

Although Ben came to me for printing, what he really needed before any printing could happen was graphic design. We can print anything, but we need to have something to print, and if you want it to be effective for your business it needs to be professionally designed. A good graphic designer creates professional, effective, print ready (or web ready – they’re different!) artwork.

Once you have artwork, a printer can give you exactly what you need, as can a website creator, or a digital marketer can create your social media pages (Facebook, LinkedIn etc). We’re starting to talk about a bit more than just getting some business cards and flyers printed! And as a business owner, now you’re faced with sourcing a graphic designer, website creator, and a digital marketer. What a headache!

That’s where Managed Media (www.managedmedia.com.au) can help. Managed Media is a collaboration between independent but complementary service providers, who together ensure your marketing needs are covered. Instead of having to find separate suppliers for each requirement you can simply contact Managed Media and we will manage it all for you.

This kind of collaboration represents an innovation in small businesses working together. Managed Media is comprised of DigiDoc (printing), Halberd Designs & Consultancy (graphic design) and 3am Ideas (web design and digital marketing). Each business specialises in its area, while working closely with the other two as required. You won’t always need all three services, but we’ve got you covered for any or all of it.

You want a successful business and we want to make it easier for you to achieve that. If you’d like to know more about how Managed Media can help your business simply visit www.managedmedia.com.au or contact us at info@managedmedia.com.au. We look forward to hearing from you!

 

5 common mistakes made by employers

5 common mistakes made by employers

While you may know how to drive a vehicle you would not venture out on the road without knowing the road rules.

The legislation in relation to employment is complex and unwitting error is common.  It’s important to know and understand the rules and regulations relevant to your employment environment.

Mistakes can be very costly if left uncorrected.  The most common errors unwittingly made by employers are.

  1.     Confusing the State and National workplace relations environments

Often employers unwittingly operate between the two systems. Note only one system applies to your business.

  1. Ensuring employment contracts are well written

Employers at the very minimum should observe the statutory employment terms and conditions in contracts of employment.

  1. Not knowing the correct awards that cover your business and misinterpretation of awards.

It is essential to correctly identify the awards covering your business and understand how to interpret the information.

  1.     Misclassifying the independent contracting relationship

Because a worker has an ABN and submits an invoice does not in itself determine that the worker is an independent contractor.

  1. Lacking a thorough understanding of the employer obligations relevant to the workplace relations environment within which the business operates.

WA is the only State in Australia that has two workplace relations systems.  In brief, the WA workplace relations environment covers unincorporated entities such as Sole Traders and Partnerships whereas the National workplace relations environment includes constitutional corporations. That is, Pty Ltd companies, trading or financial corporations.

The State and National System have their own Act, set of awards and minimum conditions of employment and different rules apply to each of these environments.

Knowing and understanding your legal obligations, ensuring employment contracts are well drafted, understanding the content of awards that cover your workplace, classifying the worker correctly under the award, paying the correct rates and knowing how to correctly define the contractor vs employee relationship, will in the long term save employers grief and will avoid giving rise to costly and unnecessary employee claims.

Book in to hear Maria Odlum speak at the Business Essentials Expo on the 15th Sep or Call Modlum for HR Consulting for a free no obligation HR Health check to ensure you are in the right track with employment!

Direct line:  9417 7672 or  Mobile 0400 566 701 www.modlumforhr.com

Nifnex Maria OdlumAbout Maria Odlum:

Building HR departments from ground up to successfully support major business expansion, Maria Odlum has built a strong reputation as a Qualified HR Practitioner, with over 17 years’ experience. Maria provides advice and cost effective, low risk solutions to day to day employment problems and has gained great client confidence by mitigating potential risk for small business and educating SMEs on the legislative complexities relevant to their business to ensure that they are on the right track with employment.

Vodafone Wanneroo Freedom Plans plus Free Lavazza Coffee Machine

Vodafone Wanneroo Freedom Plans plus Free Lavazza Coffee Machine

As you may have seen in the news  – Vodafone are doing things differently and it’s all about YOU the Customer…..we are putting the customer first! Check this article out on News.com.au

Let me introduce myself , my name is Shoeb Kapasi and I own the local Vodafone store in Wanneroo. I manage a small retail team and also specialise in SME business customers. I have been working for Telecommunication industry for 10 years and with my extensive product knowledge and business understanding help you select the right business solution.

lavazzaAs a special offer we are offering all business owners and their friends a FREE Lavazza Coffee Machine (RRP $99) if bring your number to Vodafone on a 40 plan over 12, 24, 36 months. Limited to first 20 Business owners!

Come say g’day at the Nifnex Business Essentials Expo and or setup a time to come and meet me in our store at Wanneroo Central Shop 7 950 Wanneroo Road, Wanneroo 6065 or call us on 0894047098 or email us at wanneroo@mosmobiles.com.au

Regards

Shoeb Kapsi

0433215011

In conversation with: Susie Campbell, Little Black Book Marketing

In conversation with: Susie Campbell, Little Black Book Marketing

Susie Campbell found herself in new territory when she started her business Little Black Book Marketing nearly three years ago. With a list of contacts in her ‘little black book’ and belief in the power of building connections, Susie began her journey to empower Australian businesses with her unconventional approach to conventional marketing.

Tell us about Little Black Book Marketing.
I started Little Black Book Marketing to help businesses market themselves locally through connections, partnerships and other cost-effective marketing strategies. It primarily caters to brick-and-mortar (B&M) businesses – be it retailers, services such as hairdressers and clinics, or cafes and hospitality outlets. I believe businesses do better when they work together, and engaging with their community is key to their success.

Why the name, “Little Black Book Marketing”?
Little Black Book Marketing came about from my time in the Royal Navy where I became the person who would know someone and would always have a contact number in my address book (black of course!).
Hence, when I started the business here in Australia and began utilising my network, the name ‘Little Black Book’ was the obvious choice. My speciality is essentially to show B&M businesses how to create their own “little black book”. I had to add the word ‘marketing’ to the name to avoid the enquiries for escorts and the like!

How has the business name helped you in your journey?
I’ve received many positive comments about the name; it is memorable as it is different. I market using traditional methods, and the use of the word ‘book’ reinforces that. Having a memorable name can only help; nothing worse than someone saying, “I can’t remember what they are called but…”

20What is something you’ve accomplished that you take the most pride in?
I think it has to be creating a growing bootstrap business. Having moved to a new country with no local contacts whilst juggling a young family with a partner who works away a lot and no money to invest, I found creative ways to achieve what I needed to do to grow and turn a profit. I started with an old laptop, a mobile and my ability to chat!  I bought nothing unless the business could pay for it and have never gone into debt or borrowed cash. I use barter, swapping, trading in many situations. Without partnerships, my business would not be where it is today.

What is your vision for Little Black Book Marketing?
To become the Australian-based equivalent of ‘Mary Queen of Shops’ – Mary Portas is a UK-based retail expert who has supported many struggling independent B&M retailers. I want to do the same here to keep Aussie shopkeepers in business, building a strong reputation locally and expanding nationwide. Alongside this, I have the vision to grow my team with people who need flexible work arrangements. I have experienced some very poor leaders and inflexible managers and know how often flexibility is valued over salary.

While juggling professional and personal commitments, how do you find time for yourself?
Ha, there was very little of that to begin with, but I knew this needed to change to stay healthy and fit for business. With a young family and no family support around, time is very hard to come by. Therefore, I set goals early on – one was to earn enough to pay for a gym membership and second was to take on a cleaner!  This has allowed me to not only have more time for myself but maintain a good level of fitness that is vital for both physical and mental wellness and the resilience required to deal with the challenges life can throw at you.

What advice would you give to someone who aspires to become an entrepreneur?
First, it is important to understand what self-employment means and if you could cope with the demands, the risks and the uncertainty; it is not for everyone. My advice is, where possible, to find your first client before you commit to too much.

Next would be to know your numbers (ROI/P&L/cost per lead) from the start. It sounds dull and even scary, but you will thank yourself later for taking the time to sort this from day one.

Finally, document your processes; anything you do more than once. From how you answer the telephone, to processing an order, email enquiry or even complaints. This will pay dividends when you come to employ staff, want to identify ways to save time or money, or when valuing your business to sell.

If you had a magic wand, what is the one thing you would change right here, right now?
Unemployment, because this leads to so many other issues – homelessness, malnutrition, physical and mental illness, substance dependency, isolation, and much more. I want to be able to employ homeless or long-term unemployed, offering meaningful employment to hopefully make them feel valued and able to contribute to a team.

***

Visit www.littleblackbookmarketing.com for more information.

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In conversation with: Colm Dolan, Publift

In conversation with: Colm Dolan, Publift

Google alumnus Colm Dolan has traversed the highs and lows of both startup and employ worlds before taking the plunge into the competitive space of ad tech, specifically; digital publisher monetization with Publift. Today, with a team of experts and innovative technology at its core, Publift optimises ad revenue for websites and enables them to focus on delivering high-quality content.

Tell us about Publift and its audience.
Publift is a team of digital publisher monetization experts, founded and based in Sydney. We provide cutting edge technology solutions to online publishers. Our client base is websites that generate revenue through advertising.

What were you doing when the idea about Publift came to you?
I was working for a startup called Rollup Media. The company failed to win a series B funding round, which meant they were shutting down the Australian operations. As I was the sole director of the company, I had to sell assets and liquate the business. After that, I interviewed for many companies but was overlooked every time. I was low on confidence, which came across in every interview! I had thought about setting up a consultancy business previously but never acted on it.
At this stage, I thought I might as well give it a go. I was at my lowest ebb with absolutely nothing to lose!

With many established competitors in ad tech, what challenges did you face entering this space?
The biggest challenge was getting our name out there and winning the trust of publishers. I was lucky to get some great clients over the first three months with whom I still work. I used them as case studies straight away. The first six months were tough. I had a good story because of my experience with Google, and was lucky, as there were no partner-agnostic consultancy businesses. Our core USP is that we will work with any partner, and focus on increasing revenue for our clients.

 14What is your vision for Publift?
Publift’s vision is to help online publishers increase their revenue so they can reinvest more resources to create great content and improved design with relevant, engaging ads. This attracts more users and creates a great user experience. I want Publift to be the industry leader providing cutting edge technology and market leading expertise.

I believe in creating a fantastic working environment, building excellent products and providing exceptional customer service. I want team members to enjoy coming to work, feel energised by working in their area of strength and passionate about new products and efficiencies we are creating.

What is the toughest decision you have made, and how did you handle it?
Saying “no”. We have moved to a product-based business in the last six months. Often, we can take on new clients that will generate large amounts of money in the short term. I’ve had to say no on several occasions because our resources are building new technology. As a startup when cash flow is a regular issue, it’s hard to say no, but these decisions have to be made for the greater good of the business. I hate saying no though!

While juggling work and personal commitments, how do you find time for yourself?
I’ve gotten better at finding time for myself – I used to take work home with me. Not only continue doing work but also thinking and worrying about it 24×7. Are we going down the right path? Is our strategy sound? Since we have gone down the tech/product route, I’ve been able to sleep at night.

It’s hard to find time for myself, especially with a nine-month-old boy! I now follow a strict routine as I only work from 9 to 5 and spend more time with my son Kian and wife Becky. I play football, so we have a game on Sundays and training on Wednesdays. At lunchtime, I usually go to the gym and listen to sports or business podcasts on the way. I also try to meditate regularly, which is a great way to unwind.

What three pieces of advice would you give to anyone who wants to take the entrepreneurial path?
1. Take risks and make mistakes: I’ve read lots of self-help books and business podcasts explaining how best to run your business. These are great, but nothing beats making mistakes and giving things a go. You learn a lot about yourself.
2. Recruitment: Spend time in picking your team. Make sure to hire to accommodate your weaknesses. Personality tests, such as DISC profiles, help you identify the right fit for your team.
3. Time Management: Ask yourself every hour and day, is what I’m doing right now the best use of my time? Is this growing the business?

Do you have a quote or life mantra that motivates you?
Work smarter, not harder!

***

Visit www.publift.com for more information.

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