8 Lifestyle Habits of the Motivated Millennial Home Buyer


According to some commentators, today’s 20-somethings/millenials cannot afford to buy property because they spend too much on brunch. Since The Australian’s article went viral, it has fuelled a lot of discussion about millennials’ spending habits affecting their ability to afford a property.  Obviously, the lifestyle habits of today’s youth is very different to the babyboomers generation so it’s necessary to examine how these habits affects their ability to afford a home.


We live in an age where our lifestyles and behaviours are heavily influenced by social media such that people prioritise things that provide instant gratification like eating out at trendy cafes, entertainment and travelling. We are also spoilt with having the convenience of everything at your fingertips like booking an Uber driver for pick up within 5 mins and having food delivered to your doorstep via apps like Uber Eats, Foodora and Deliveroo.  A typical week could look like this: few social gatherings over a meal, a movie date, drinks and night out, and staying home for Chinese food delivered to you.  These spendings add up pretty quickly!  For the aspiring young home buyer, the temptations are real and that can set you back from your financial goals. If this sounds like you and you want to achieve the goal of buying your first home, here’s a few habits you can adopt to help:


  1. Replace cafe brunches for picnic in the park
  2. Consider shared accommodation if you have spare rooms
  3. Pick up your own takeaway food instead of ordering on Uber Eats/Foodora/Deliveroo
  4. Find coupons and vouchers for your entertainment – Optus/RACQ/Entertainment Book
  5. Limit spending by budgeting a weekly cash amount rather than be tempted to spend more with the convenience of debit/credit card paywave
  6. Aim to aside one-third of your salary towards your savings
  7. Bring lunch to work instead of eating out
  8. Ask your friends to bring a plate of food each for home gatherings

Do you have more tips and strategies that work for you? Share with us in the comments below.

Know how to invest in Brisbane properties


Whether you are buying standalone houses or apartments in Brisbane, the following few points should most certainly be part of your decision making:

First step: Put on the right hat.

Buying property is often the biggest purchase one can make. Nevertheless when it comes to property and investing, sometimes we have to look beyond putting ourselves in the middle of the picture. For example, if you are a winter person purchasing an investment property in sunny Queensland, it is quite okay that it doesn’t come with a fireplace. We’ve seen too many cases where buyers in the investment realm puts on the hat as if they are searching for their dream home. All in all, the balance in priorities for owner-occupiers should come down to things that can be improved, such as material finishings, tiling patterns and appliance brands, whilst investment properties buyers should be more focused on things that can’t be improved, such as floorplan layout, amenities, and location. As Acchoir’s hand-picked selection of investment properties aims to give more to the residents, you can be best-assured that you have made a good balanced choice.

Then: Look at Space and Size

Generous sizes and practical layouts should be the two key themes when it comes to determining the values of a property’s design. When it comes to space and size, Acchoir’s general rule of thumb is that each person should have at least roughly 50 square metres of residential space, so in theory a four-person family should be living in spaces of approximately 200 square metres. Using this principal, a quality two bed two bath apartment should have greater long term appeal if its floor area are at least 90 to 110 square metres. In terms of practical layout, the human eye tends to favour horizontal width. That’s why widescreen televisions are ever so popular. Putting this into practice, most of Acchoir’s own land developments have a wider frontage than other products in the market so that the house sitting on top will appear large and wide, rather than long and narrow.

Next step: Look at Location (ie. Access)

The traditional property phrase of ‘Location, Location, Location,’ forever stands firm as a golden rule, but what does it really mean? Let us decipher that for you. In the modern world, most countries are commonly designed in this top down fashion: Country (eg: Commonwealth of Australia), State (eg: Queensland), Region (eg: South-East Queensland),  City (eg: Brisbane), Local Government (eg: Brisbane City Council), Major nodes (eg North: Chermside, East: Carindale, South: Garden City, West: Indooroopilly), Neighbourhood nodes (eg North: Aspley, East: Cannon Hill, South: Sunnybank, West: Sherwood).

With this in mind, the word location then becomes the word Access. In other words, ‘How long does it take to get there?’. Watch the word ‘Long’, instead of saying ‘Easy’. ‘Easy’ can be a relative thing but time is always universal. A good investor and home owner would then map those locations into travel distance and travel times. As a general rule of thumb, good growth properties in Brisbane should be within around 10 minutes drive or 5 km distance to Neighbourhood nodes, 15 minutes drive or 10km distance to Major nodes, and 30 minutes or 30km distance to the CBD. As most people would agree that well-paid jobs are more often located in the CBD and major centres, thus the shorter travel time and distance to the city and nodes the more appeal and value the property is to professional residents. Shorter commuting times to neighbourhood nodes and schools becomes a great benefit to lift the desirability of a property. Imagine a child living right next to the school and a child that needs to travel 30 minutes on the bus each way to get to and from home. What would an hour’s worth of extra study time every weekday translate to in terms of possibilities?

Savvy investors: Look at the percentage of owner-occupiers vs percentage of tenants.

It is important to face the fact that there are actually material differences when it comes to the mindset of owner-occupiers and the mindset of tenants. Good quality and well-designed properties should in theory allow the mindset of tenants to transform into a mindset of an owner so that every one will look after the property and surroundings. (Given that no sound person would tarnish their belongings on purpose, especially where that belonging in the form of a property is perhaps their most expensive possession.)  Owner-occupiers tend to stay for longer at a place than tenants and so would offer more stability to the neighbourhood. This is proven in many prestigious suburbs across Brisbane (eg Ascot, Robertson) where it is often very hard to secure a foothold into the club. In a large development complex, it is often a sign that prices and valuations in the long term will be better off than others if the building has more owner-occupier buyers.

All the above should logically lead to: Growth. (and Happy Days).

Whilst everyone knows that there are no crystal ball and that the most accurate advice is always hindsight, there are still prudent ways into making better property decisions. Acchoir believes that equity is important but it’s not everything. There is a sense of humanity and common happiness to be found in every property decision. So feel free to get in touch, we like to hear how everyone goes through their property thought process.

Why this is a perfect time to take the leap into property ownership


As Australia sits back and watches the political and economic outcomes of the Australian Federal Government election, we believe we need to focus on the facts that makes this a great time for young investors to get into the property market.

  1. Queensland’s First Home Owners’ Grant increased to $20,000
    Effective 1 July 2016, the $20,000 First Home Owner’s Grant will be available for 12 months. This means an extra $5,000 for first home buyers purchasing newly constructed property under the value of $750,000.  It is great that the government is doing whatever they can to help first time buyers get into the market sooner.
  2. Australian big 4 banks restrict lending to foreign buyers
    It was announced last week that NAB is the final big 4 bank that has stopped lending to buyers solely relying on foreign income to purchase property. Instead, bank policy is currently more favourable to local investors, increasing the loan-to-value ratio to 90%, an increase from 80%. This means locals can lend more from the banks than before. As foreign lending dries up, banks will have better offers to attract more local buyers.
  3. Sentiments about apartments 
    Media reports and industry commentary has alluded to the risk of ‘oversupply’ in the Brisbane inner city apartment market as there are more cranes up in the air than we have ever seen in Brisbane before. Naturally, many investors have tread carefully when considering an apartment to purchase. This is where the opportunity is because there are less investors in the market to compete with and developers are as motivated than ever to get their projects out of the ground. The state of the market right now means there are great opportunities available for you to get a good deal.
  4. Interests rates remain low
    The Reserve Bank of Australia have just announced today in their July meeting that the cash rate will remain at 1.75 percent. Australia is faced with a slow down in growth in the global economy, a steep decline in business investments and low inflation. Low interest rates has significantly boosted domestic demand and has allowed for everyday Australians to be able to afford to buy a property.

Regardless of the outcome of the Federal election, if you have the means of purchasing a property, now is the time to do so. Contact us to discuss your needs: invest@acchoir.com.au

Common Sense Pays Off


When embarking on the search for your next investment property, there are a handful of common sense observations to consider. Searching for the right property for your investment portfolio can be challenging especially when there are a lot out in the marketplace. Brisbane is our city and even though it is on the uprise according to many trusted references (see our publication, the Brisbane Advantage where our research team has collated a handful of critical data on Brisbane), we cannot simply vouch for “one-property-fits-all”. However, there are some common traits we have gathered from our clients and our team when they have their investor hats on. Price and location aside, below is a non-exhaustive list of a traits of a typical ready, willing and able investor:

Know your borrowing capacity – let the numbers do their job

When it comes to a dynamic and fast-paced property market, it is important to be realistic about your options. Searching for properties within your budget will save you heartaches and time in the future. We have found that numbers always keeps our clients honest and rationale with their purchase decisions. At Acchoir, we have filtered through a number of lenders and finance professionals and would put our hands to our hearts to only a few of them. As always, we are always happy to impart on like-minded professionals to our clients when it comes to good business ethics, outstanding results and exceptional service.

Have a buffer – it can save lives!

In addition to knowing how much you can borrow, it is also important to know the golden constituent in all property mortgages: valuation. Knowing that every property borrowing is subject to valuation and without being an expert in the field, we know that valuation can swing either way. More often than not it would be less than the purchase price due to the conservative credit risk modelling of lenders. Therefore, factoring in a buffer into your maximum borrowing sum would definitely make the purchasing process a much smoother experience.

Due diligence  Speak with the locals

If you are serious about investing in a particular suburb, you will find making time to take a stroll around the neighbourhood and speak with the locals is definitely worthwhile. Other than find out what they like about living there (or otherwise), anecdotal evidence is always useful to lead to further investigations when it comes to conducting your pre-purchase due diligence. Likewise for Acchoir, we are always selective about which projects we take on to present to our clients and a part of our in-house due diligence, our team would always engage in physical on site visits. One time after we have spoken with the local residents at the café around the corner of the site, we have found that a large number of residents are unhappy about the proposed disruption and noise mitigation strategies as adopted by the developer. When we looked into the development approval (“DA”) further, there is a high chance that approval will not be obtained as we have been promised. This would have had drastic impact to our clients in planning their finances and portfolio as a whole. Hence, we have made the decision of not taking up that particular project. That particular DA is still pending at the date of this post.

Engage real professionals – ones who walk their talks

Throughout the entire investment journey, you will need to engage a number of professionals to deal with various aspects of the transaction, including, lawyers, accountants, bankers, agents and rental managers etc. One way for us to gauge reliability and impart on our word-of-mouth referrals would be using our common sense. Do they walk their talk? When they said they will get back to you by such a time, do they really do that? At Acchoir, integrity is an entrenched value of ours and it simply means walking our talk. We believe that trust is built and maintained over time and that it would likely have positive correlation to your success in property investing when you affiliate with trusted professionals.

As with all things in life, common sense always prevail.

Happy investing.

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Acchoir Group, Brisbane Australia

PO Box 8020, Sunnybank,

Queensland 4109, Australia


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