The PROPERTY DOCTORS, Sydney Australia Novak Properties
EP. 1226 PUBLIC TRANSPORT PROFITS... HOW TO MAKE THEM
May 01, 2024Season 26Episode 1226
Mark Novak, Zanthany Borula and guests
Discover how a little blue minivan is driving big changes in the urban landscape and how you can ride the wave of these developments to economic success. Spicy Zans and I peel back the curtain on the intriguing world of public transport, specifically the game-changing Keoride service, which promises to bridge the gap in connectivity for less accessible areas. We'll take you through rain-soaked streets and into the heart of the city, exploring how these modern transit solutions might just be the ticket to the future of public travel.
But there's more than just the convenience of getting from point A to B at play here. We'll break down the tantalizing relationship between public transport and property values, revealing a roadmap to potential riches that urban development holds. Understanding the impact of these systems can steer investors, governments, and local communities toward serious financial opportunities. So hop on board with us and Spicy Zans as we chart the course of city living, through the bustling bus routes and the steady rhythms of daily commutes, and uncover the hidden allure of public transport.
Discover how a little blue minivan is driving big changes in the urban landscape and how you can ride the wave of these developments to economic success. Spicy Zans and I peel back the curtain on the intriguing world of public transport, specifically the game-changing Keoride service, which promises to bridge the gap in connectivity for less accessible areas. We'll take you through rain-soaked streets and into the heart of the city, exploring how these modern transit solutions might just be the ticket to the future of public travel.
But there's more than just the convenience of getting from point A to B at play here. We'll break down the tantalizing relationship between public transport and property values, revealing a roadmap to potential riches that urban development holds. Understanding the impact of these systems can steer investors, governments, and local communities toward serious financial opportunities. So hop on board with us and Spicy Zans as we chart the course of city living, through the bustling bus routes and the steady rhythms of daily commutes, and uncover the hidden allure of public transport.
Speaker 1:
Okay, public transport Not the sexiest topic to talk about. We're going to make it sexy. We're going to talk about how to unlock profits from public transport. Stay tuned, I'm the ringleader, spicy Zans. How are you, spicy Zans? What's happening?
Speaker 2:
Not a whole lot Wet, gloomy, miserable. I love it.
Speaker 1:
Why.
Speaker 2:
Just the rain. It's soothing, it's relaxing. I feel like everyone just takes a moment to pause until you're on the road, and then it's just an absolute mayhem.
Speaker 1:
Yeah, everyone slows down for some mysterious reason, I guess for safety. But I reckon, as we just spoke off air, we were just saying that everything goes. Everything just is a bit more A notch slower when it rains, everything, which is sort of cool.
Speaker 2:
Yeah, big time.
Speaker 1:
It's sort of cool. Just take a moment.
Speaker 2:
Just the soothing sounds of the. Just take a moment. Just the soothing sounds of the rain. Just take a moment to pause.
Speaker 1:
Sydney. Enjoy the rain Now. Xanth, you wanted to talk about this morning the most boring topic in Australia, which is public transport. I was also excited by it. Tell me why.
Speaker 2:
Do you know what? So my parents live in the northern part of the northern beaches around Eleanora Heights, and whenever I drive up to see them I always see this little bus or little mini van called a Kia ride, and I had no idea what the hell it was, because I don't see them anywhere where I live in the northern beaches, which is towards the freshwater manly pocket, so it's just this exclusive bus that I see only in the the Worrywood, narrabeen, monavel, eleanor Heights region of the northern beaches. So I got to looking into what is this stupid mini blue van that you can see behind me, looking into what is this stupid mini blue van that you can see behind me, what is this little Keogh ride and what does it do? And it is an evolution of on demand public transport and I just thought it was something that's probably not spoken about, not too many people know about, and is it the future of public transport?
Speaker 1:
Why public transport? Why? Why? Why, I think, for most of us, we don't care for it because we can't control it. You know it's not, it doesn't suit us. We don't use it for that reason and you wipe it off. But if we first of all talk about this, I think if we talk about because we want to unlock, we want to teach you guys how to unlock profits if you understand the mapping of public transport, and there is seriously money to be made by individuals, by governments, by communities. But we're going to use this first of all as an example to show you what's happened. So why was this invented? This little puppy, this little bus behind you?
Speaker 2:
So in those northern parts of the northern beaches, public transport around those pockets? Let's use Eleanora Heights as an example. It isn't readily available. Not too many buses go up to Eleanora Heights and the closest bus that you would have to connect you into the city would be the B Line bus down in Warriewood. So it's connecting the residents. I'm using Eleanora again as an example residents of Eleanora Heights to use an on-demand service to pick them up from their house or the nearest street to get them down to the main road, to that nearest B-Line bus stop to connect people into the city. So it's removing them from the need to drive from their residence down to the main road in order to get them into the city.
Speaker 1:
Now I think what we shouldn't underestimate is everyone snubs the city and they go. You know, don't work in the city, you want to work from home and stuff like that. But I think the reality, guys and girls, is that the people that are left over in haven't left sydney and gone north or south, like a lot of people have since covid. I think these people are serious city dwellers that are now in our cbd and, as a result of the influx of immigration, um, they're also coming into this, into sydney. And one thing I want to teach people today is that there's two core things that map into property values.
Speaker 1:
Anywhere in the world, there is an affectionate love as much as you may not think for dwelling in a community, towards a CBD. So number one out of the number two things that are core in property values is proximity to a CBD or a city. Number two is water. Now, when you apply those two, that water can be beach, it can be harbour, it can be lake um, they will drive extreme property value up. For a property water, whether you can see it, feel it being around it by half a half an hour from it, people love it. Uh. And two, as much as people don't like to admit. The last one's an obvious one to admit. Number two that people don't like to admit is being close to the city. Just that practicality of being in a community, being close to shops, hospitals, education, are very, very important.
Speaker 2:
And do you know what Buyers actually tell me? And do you know what Buyers actually tell me? So if we sell properties on the outskirts of DY, using that as an example, they just feel like it is too far away from a service to connect them to the city. It's too far away from the main hub of DY that has that beeline bus stop to get people into the city. And it's not just DY that I hear buyers tell me this. It's all around the Northern Be beaches where those properties that are just that little bit too far away from the main road, away from that connection point to get them elsewhere.
Speaker 2:
It's just too much of an inconvenience for them.
Speaker 1:
So what you're talking about is on a suburb basis and, again, if we overlay that principle of being close to a city or being close to water, you can apply the principle, and what you've just done is you've applied it on a very small scale. So on a macro scale, you can do what I'm talking about. On a micro scale you could do what I'm talking about as in street by street in a suburb, you can actually say that's a bit closer to the water, price up, that's a bit closer to transport, price up, that's a bit close to both water and transport price up and up. So if I use an example like Manly, manly, as an example, has a ferry service, it has a bus service, it's on a harbour, it's on a beach, it's premium. If I use areas like Neutral Bay, again it's on transport, again it's on water, again it's close to the city.
Speaker 1:
If I use, like Hunter's Hill as an example, leichhardt, haberfield, if I go out to Chatswood, we've got the transport, we've got a bit of a city and it's close to our CBD. So, guys and girls, in summary, from today, what I want you to learn is transport. I know it's a drab word to be tossing around, but it can drive serious profits to your home if you consider getting the right transport into your property. So have a look around, and the big thing out of this is I dare to say 99% of Australians do this it's actually research what's happening around you in terms of highways, transport, airports, trains and the big one, the biggest best-kept secret in town is the metro.
Speaker 2:
Yes, so I actually thought that this was already open. So mark and I were having a chat off air earlier and it's just been going on for so, so long. And, honestly, I don't go into the city all that often these days, but I swear, every time I've been there there's always been roadworks construction. They've changed the entire way that the city operates in terms of driving through it. And for it to have been going on this long, I just thought it was already open well, you know and you know again, most people don't don't actually research it.
Speaker 1:
It's probably one of the most boring top five boring things to do is research your transport. But to give you an idea of the stuff that's happening around us, you you're plugging yourself into a highway now on the m5, or you know, west of west connects and you're going oh my god, where did this thing turn up? And it turned up out of nowhere. Another thing that's happening like that at the moment is there is a tunnel that's been tunneled for two years under the Sydney Harbour.
Speaker 2:
Yeah. You can see the traffic drive from the city up towards the northern beaches. All of that road closure that's happening, all of the construction there and that is one of the best-kept secrets as well that tunnel.
Speaker 1:
So this tunnel, instead of going towards the city under our harbour, the thing starts where our tunnel starts and then pegs across towards Bough Main. So basically, what used to happen is people from the north, if they wanted to get to the west, they had to go through the city. Now they're simply plugging people over there. So why am I telling you that when you're buying property and you're making these considerations, are you the person that waits for it to get built and then pays a premium after? Or are you a person that reads the play on public transport and transport and community and that sort of stuff and goes you know what? I think that'll be a good reason. Badgeroos Creek an airport, an aerotropolis. People made an enormous amount of money. Now I'm sure after it's opened, the values are going to significantly change and I'm sure there's people who are ready to play early.
Speaker 2:
Yeah, be an early adopter. Look, I'm not one to talk. I'm not an early adopter. Look, I'm not one to talk. I'm not an early adopter on anything. I wait for it to be tried, tested and then I eventually take it up. I mean, I've only just joined Amazon Prime, so, and I love that. So that just goes to show how much of a late adopter I am on things. But if you can get your head around this and just see value down the line and not look at things as they are right now, but just see the potential they have, then certainly your property prices will absolutely reap the benefits of it.
Speaker 1:
That's a show, that's public transport. That's the zesty Zanthriburala. Thank you, zanth, for the quick, educational and hello from Brazil, sergio, from Brazil, g'day.