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5 Things you absolutely can’t do before investing in property

5 Things you absolutely can't do before investing in property

The property industry has always attracted people looking for long-term returns, but success often depends on avoiding simple mistakes. Joe Martin Bindley, founder of Peninsular Property, has spent years building a reputation in the property market through practical, grounded advice.

As someone who’s been deeply involved in both property management and investment, Joe knows where many new buyers go wrong.

He believes that avoiding poor decisions before you buy is just as important as what you do after the sale. Rushing in, trusting the wrong people or skipping important checks can affect the worth of property and lead to expensive problems down the line.

Below are Joe’s best tips on what not to do before investing in property:

Don’t skip local research

One of the biggest mistakes new investors make is not spending enough time understanding the area in which they’re buying. A property might look appealing online, but the local environment can tell a very different story.

Joe Martin Bindley recommends physically visiting the location and speaking to people who live or work nearby. This can reveal things that won’t show up on a property listing, like high turnover of tenants, noise issues or signs of local decline.

  • Walk the area during the day and again in the evening
  • Research school catchments, public transport and any planned developments

Numbers don’t show you what it’s like to own there. People do –  says Joe Martin Bindley

Don’t be guided by price alone

Many first-time buyers make the mistake of thinking that a low purchase price guarantees a good investment. Joe has seen this go wrong time and again. A cheaper property might look like a win, but without thinking through the risks, it can quickly drain your finances.

If the property needs major renovation, or if tenant demand is low, that “bargain” may take years to pay off if it ever does.

Joe Martin Bindley puts it simply: A good deal isn’t just about the price you pay. It’s about what you get back and how much hassle it takes to get there.

Don’t ignore the maths

Joe Martin Bindley always highlights the importance of knowing your numbers, not roughly, but properly. Many investors make guesses about costs and income, only to get caught out later.

Forgetting to factor in things like repair costs, tax, void periods or rising mortgage rates can quickly turn a profit into a loss. In the property industry, bad maths is an expensive mistake.

  • Work out all your potential costs, including insurance, tax and maintenance
  • Don’t rely on “best case” rent figures that may not hold up

It’s not about being cautious. It’s about being realistic, says Joe. If the numbers don’t work, walk away.

Don’t rely on the wrong advice

There’s no shortage of advice in the property world, but not all of it is worth following. Joe warns that advice from social media or forums often lacks real-world experience. Some people are trying to sell courses, some are repeating what they’ve heard and others are offering ideas that worked once but aren’t repeatable.

Joe Martin Bindley suggests sticking to those who’ve had hands-on involvement in the kind of property work you want to do. That could be local investors, experienced agents or trades people who know what it really takes to keep a rental running.

If someone can’t explain the risks, they probably don’t understand them, he adds.

Don’t underestimate the work involved

New investors often underestimate how much effort goes into property management. From finding tenants and handling repairs to chasing rent or dealing with complaints, the work doesn’t stop once the property is bought.

Even with a letting agent, Joe believes the owner needs to stay involved. A good agent helps, but the investor is still responsible for the condition of the property and the experience of the tenant.

  • Be ready to respond when things go wrong, especially out of hours
  • Keep track of legal responsibilities like gas checks and deposit protection

A property isn’t passive if you want it to perform, says Joe. You can’t just hand over the keys and hope for the best.

Joe Martin Bindley’s advice is clear: buying property isn’t just about spotting a deal, it’s about knowing what to avoid. Whether it’s rushing in without research, ignoring the money side or relying on second-hand opinions, these mistakes can lead to stress, delays and lost income.

As founder of Peninsular Property, Joe has built his career on careful planning and real-world knowledge. His view is that success in the property market comes down to preparation, patience and not cutting corners. Avoiding these five common traps is a good place to start.

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5 myths about de facto relationships in Australia – Debunked!

5 myths about de facto relationships in Australia - Debunked!

Think you know everything about de facto relationships? Think again! There’s a lot of misinformation out there, and believing the wrong thing could leave you in a legal pickle. Whether you’re in a long-term partnership or just curious, it’s essential to separate fact from fiction.

In this post, we’ll bust some of the most common myths and help you understand your rights. And if you ever need expert guidance, de facto lawyers in Melbourne are here to help!

Key takeaways

  • You don’t always need to live together for two years to be considered de facto.

  • De facto couples have almost identical property, finances, and parenting rights to married couples.

  • Superannuation can be split between de facto partners.

  • A Binding Financial Agreement can help avoid financial disputes.

  • Sometimes, proving you’re in a de facto relationship is crucial – especially for legal matters.

Myth : “You have to live together for two years to be considered de facto”

This is one of the biggest misconceptions. While the two-year rule is often cited, the law considers more than time spent living together. Courts look at a range of factors, including:

  • Financial interdependence (e.g. joint bank accounts, shared expenses)

  • Whether you have children together

  • The nature of your commitment and how you present your relationship socially

So, if you’ve been together for less than two years but meet other criteria, you could still be recognised as a de facto couple under Australian law.

Myth : “De facto couples don’t have the same rights as married couples”

Wrong! Under the Family Law Act 1975, de facto couples have virtually the same rights as married couples when it comes to property settlements, spousal maintenance and parenting arrangements.

If a de facto relationship breaks down, partners can apply for a property settlement or even spousal maintenance – just like a married couple. The law treats you almost the same (except you don’t get a wedding cake and fancy honeymoon, unfortunately!).

“In the eyes of the law, a committed de facto relationship isn’t just ‘dating on steroids’ – it comes with real responsibilities.”

Myth : “There’s no need for a binding financial agreement”

Many people assume that, because they’re not married, they don’t need to worry about legal agreements. But here’s the thing – without a Binding Financial Agreement (BFA), you may end up in a costly legal battle if the relationship ends.

A BFA allows you to outline how assets and finances will be divided if the relationship breaks down. Think of it as an insurance policy – you hope you’ll never need it, but you’ll be relieved to have it if things go south.

Myth : “Superannuation can’t be split between de facto partners”

Yes, it can! Many people assume superannuation is off-limits, but Australian law allows superannuation splitting for de facto couples during a property settlement.

If one partner has significantly more super than the other, a court can order that it be divided fairly. This will not give you instant cash (super remains locked away until retirement), but it will ensure that both partners get a fair share of long-term financial security.

Myth : “There’s no need to prove the relationship”

If you ever need to claim Centrelink benefits, apply for a partner visa or settle a legal dispute, you may require proof of your de facto status.

Common ways to prove a de facto relationship:

  • Joint financial accounts or shared expenses

  • Property ownership or rental agreements

  • Evidence of a shared household (bills, post sent to the same address)

  • Statements from friends, family or employers confirming your relationship

  • Photos, travel records or messages showing a committed relationship

So, while you don’t need to carry around a scrapbook of your love story, having some evidence on hand can be helpful in legal situations.

Conclusion

De facto relationships in Australia come with legal rights and responsibilities, just like marriage – but the myths surrounding them can cause confusion. Whether you’re already in a de facto relationship or considering the legal implications, having the correct information is crucial.

If you need expert advice on your rights, Testart Family Lawyers can confidently help you navigate your de facto relationship concerns.

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Set up the ultimate multipurpose garden for your family

Set up the ultimate multipurpose garden for your family

A multipurpose garden is the best option for a family with mixed interests. It can be difficult when you all want to use the garden for something different. You must either take turns or make a sacrifice. Perhaps one of you wants to grow fruit and vegetables, while the others want a pool to splash around in. You may have thought that you can’t have it all and meet everyone’s needs. However, it is possible if you meticulously design a multipurpose garden. This is designing it in a special way with zones so that you can all have a piece of the garden for your own personal needs.

To help you create a multipurpose garden that the whole family can enjoy, here are some top tips to get started.

Consider everyone’s needs

First and foremost, you need to consider the different reasons that everyone wants to use the garden. This will give you a clearer picture and help you to start creating a plan of action. Hold a family meeting and sit down together to talk about the garden. Some of you might want the same things, while others might want something completely different. It’s important to discuss what it is everyone wants, why they want it and what they need from the garden to be able to achieve that. For example, if you’re growing vegetables, you may need a position with all-day sunlight and good soil. If you have a dog, you will need a fence around the perimeter. Put all the details into a list or spreadsheet.

Look at the size and the layout of the garden

Next, you should look at your garden and assess its condition. Consider its current size and layout. Look at what is already in the garden, for example, structures, shrubs, plants, etc. You may also want to measure the size and shape. A great first task to do with this information is to sketch it out on a big piece of A3 paper. This will not only help you to visualise the garden, but it will also help later down the line when you start mapping out different zones so you can visually see how they can fit together.

Examine the practicalities of the garden

Think about the practicalities of the garden; write these notes on your garden plan. This will include areas that have good soil, sun and shaded spots, plants and shrubs, areas to avoid digging up, drainage points, etc. Your garden is going to need structures like sheds to be able to store gardening tools, materials and other items. This will help you to understand how zones can be created and what areas need to be avoided.

Pull together a plan

Now you’ve gathered a lot of initial information, it’s time to start coming up with ways you can piece it together and make it work – just like a giant jigsaw. Combine what people want from the garden, with all the information that you have gathered. You should be able to see clearly now how you can create zones in your garden to suit everyone’s desires. You can then decide whether you’ll fence these areas off, or just verbally agree to the zones.

This is an excellent way to ensure that everyone can use the garden for what they want, when they want.

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7 tips on how to renovate your house

7 tips on how to renovate your house

Renovating a house can be a very rewarding project. Not only does the process of renovating give you more space, but you have the opportunity to express your own personal style through new décor choices and different colours and finishes on the walls. If you’re planning to renovate your house, here are seven tips to get you started on the road to a successful, completed project.

. Know what you’re getting yourself into

Before starting any kind of renovation project, it’s important to know exactly what you’re in for. This will ensure that the entire process doesn’t catch you off guard and ruin your plans. You need to prepare for the worst if you expect to be ready no matter how things turn out.

. Get everything done at once

Your home may look fine on the outside, but behind closed doors, there might be some serious issues that need to be addressed. It’s best to go ahead and get all the renovations done at once, so you don’t have to deal with them later on down the road. This applies to everything from updating your plumbing to rewiring the electrical system if needed. Ensure you use products that enhance your life, such as dimmable LED downlights, which give you the option to adjust the brightness of the lighting according to your needs.

. Hire professionals who know what they’re doing

Hiring independent home builders or enlisting friends and family (who may be trying to help out for free) is not always a good idea when it comes to renovating your home. There are too many downsides involved with this route, like professional jobs taking longer than expected, jobs being left incomplete due to lack of skill or knowledge about an issue, or people doing poor work because they don’t know any better. For reliable and skilled professionals, consider working with New Key Construction to ensure your renovation is completed efficiently and to a high standard. For example, you wouldn’t want an inexperienced roofing company to handle your roof repair or replacement, as it’s a task that requires specific skills and safety measures.

It’s always best to hire a roofer who is certified and has a good track record of quality work. This not only ensures the job is done right, but also keeps your home safe and maintains its value. Remember, cutting corners now may lead to costly repairs and headaches down the road. Trusting your home to professionals brings peace of mind that the job is in good hands.

. Get everyone on board for the same vision

Every family member doesn’t have to agree with your ideas, but it’s important that you’re all moving towards the same goal. It can be difficult to renovate a home without having everyone involved in the process, but if they still think about it as ‘your house’, then you will probably run into some problems in the future.

. Design first, buy second

You’ve already chosen everything you want before renovations even begin, so why do you need to look at new furniture and other materials during this stage of the game? You shouldn’t bother shopping for something new until the design is finalised.

For instance, you may really want to install a home sauna in your bathroom. If you have a large enough space, then you can include one of these in your final designs. You can shop premium UK home spa saunas here to find just the one you envision having in your property.

. Make a list of everything you’ll need

Before starting renovations or any kind of home improvement project, it’s important to write down exactly what will be required. This way, there won’t be any confusion between yourself and whoever else may be working on your house. In this list, you’re going to need to include all the details for the materials and services that you have hired and everything else you can think of. There’s no such thing as being too detailed, so make sure you’re including things like the name of the skip hire you have chosen, as well as all details that come to mind.

. Be careful of hidden costs

The renovation process can be an extremely costly one, even more so if you’re not careful. Don’t allow yourself to get caught up in the moment and spend too much on something that will eventually turn out to be a waste of money. Always make sure the fixtures, hardware, electrical wiring, etc., are appropriate for your home before buying them or making arrangements for installation.

In conclusion

If this post has taught you anything, it’s that renovation can be a long and difficult process. The tips listed here are meant to make the entire experience easier for you, but if something goes wrong, or you notice something not mentioned in this article, then don’t hesitate to get in touch with professionals who know what they’re doing!

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