Property Insiders - Investing for Sportspeople with Greg Stafford

Performance Property Data

“I think 90 percent of players will invest in property at some point during their playing days.”

David’s guest on this episode of Property Insiders is ex-AFL footballer, builder, and Performance Property Advisory consultant, Greg Stafford. They settle down to talk about the work they do advising young sportspeople about maximising their potentially high, yet short-lived, earnings with the right investments.

One of the things that makes sportspeople so unique is their higher salaries as compared to their contemporaries. But due to their youth, the speed with which they amass wealth, and the tendency to spend frivolously, it is important that young sportspeople get the right advice about where to invest their money so it works for them over the long term.

Currently, AFL sporting clubs don’t offer this advice themselves, but they are actively encouraging players and provide referrals to trusted advisers. One of these advisers, is Greg Stafford.

Greg often advises players to put their money in property as this has historically shown to be a positive investment. However, he does caution that research is needed, as many have got it wrong in the past, especially with buying off-plan options.

Greg also tells David about some of the top things players can do to protect themselves. However, this advice could be applied to all potential investors.

About your host, David McMillan

During his 16 years in the property industry David has worked as a property valuer and property adviser to private clients, financial planners, accountants, finance brokers, major banks and governments. He has been involved in more than $500M worth of transactions across Victoria, New South Wales, South Australia & Queensland.

Since 2009, David has been specifically focused on helping medical professionals, expats, business owners and busy executives build effective property portfolios.

David is a fully licensed real estate agent in Victoria, South Australia and Queensland (CEA), Certified Practicing property Valuer (CPV), Qualified Property Investment Advisor (QPIA) and most importantly is an active property investor. David joined the Australian Property Institute in 2001 and is now an Associate (AAPI) and in 2009 became a member of the Real Estate Institute. David currently sits on the board of Property Investment Professionals of Australia (PIPA) to promote ethics in the property investment industry.

About David’s guest, Greg Stafford

Greg spent 14yrs as a professional sportsman and his involvement in the competitive sports industry like the AFL has taught him many things. Not least of which is reward for hard work, the importance of strong leadership, honesty, a social conscience and a commitment to achieving results. From that grounding he successfully ran his own building company, which to this day can assist clients with pre purchase analysis of renovation/refurbishment scope and feasibility as well as development projects.

Greg is passionate about providing clients with the right ‘research based‘ advice, particularly young athletes; while devoting their life to the sport they seek excellence, they need their investments to work as hard as they do. With an understanding of the precarious nature of professional sport and considering the career ‘life span’ of most athletes is relatively short, he is determined to guide their property investments in the right direction. It's also his love for mentoring and supporting AFL talent that has seen him perform as Ruck Coach at the Melbourne Football Club for 4 years.

‘Property Insiders’ is one of three segments you will hear on the Performance Property Data podcast. Released fortnightly, they are conversations between David McMillan (Director Acquisitions - Performance Property Advisory) and industry leaders offering knowledge and expertise.

‘The Property Pineapple’ is also released fortnightly and is hosted by Sharon Taylor (Research Analyst - Performance Property Advisory). The show presents listeners with stories from real investors, discussing their wins, and admitting their losses.

And ‘Performance Insights’ are released every Wednesday and Friday, giving you technical information and the lowdown on key property markets around Australia. These episodes are also available as short videos at our youtube channel.

For more information about how Performance Property Data can help you maximise your investment dollar, head to www.performancedata.com.au