Takaya Honda tells the Sunday Herald Sun about his property journey.
TAKAYA Honda is an actor on Channel 11’s Neighbours and starred on SBS’s The Family Law.
Where do you live?
In the north of Melbourne in a villa — with my girlfriend, Amy, and my rescue dog Mia — which I bought about a year ago.
What property do you own?
This is my first purchase, and I am planning to become a rentvestor (a renter who invests in property) with a buy-and-hold strategy.
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Have you changed anything about your home?
There isn’t a room I haven’t touched. I’ve done everything from painting the whole interior and replacing the laundry to taking down a wall in the main living area and putting mirrored wardrobes in the bedrooms. Now, I’m about to put decking and garden beds into the backyard.
One more thing you’d change?
If I could add another storey to the property, the view would be incredible. We are at the top of a hill, and the surrounding trees have grown just high enough to block our view to the city.
Takaya Honda’s David Tanaka and Matt Wilson’s Aaron Brennan, with Magda Szubanski playing wedding celebrant Jemima Davies-Smythe in the same-sex marriage episode of Neighbours.
The most memorable home you’ve lived in?
The family home in my teens and into my 20s. It gave me a taste for renovation, as I helped my parents renovate it. It really allowed me to see the possibilities, test my ability to design, and discover how you could transform a space.
Are you a keen or reluctant property buyer?
Keen. I love the bricks and mortar bank account and I also love having the ability to add value myself. Being an actor, however, can be prohibitive — the banks don’t like the irregular income.
Highlights of your property journey?
Winning my current home at auction and seeing the property transform through the renovations.
Living through a renovation, especially while working full time as an actor on Neighbours, shooting The Family Law, being an ambassador for Dementia Australia and being hands-on with the renovation.
Honda lives in his first home in Melbourne’s north.
Worst property advice you’ve heard?
That high-density off-the-plan properties are great for depreciation. They are, but you are missing out on much more by way of capital gains when you buy into them.
Any tips for homebuyers?
Listen to The Property Couch podcast — I tell everyone to give it a listen, especially the first 10 episodes where the fundamentals are laid out. Also, use a buyer’s advocate who works at a fixed fee and with no ties to particular developments. It will save you more than it costs you in the long run.
Future property plans?
My next property will likely be something with a high rental yield. My current property should have decent capital gains, which I hope to borrow against, but also comes with an average rental yield. I will look for something to help offset this to keep my cash flow positive, which is always helpful if you are an actor between jobs.
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