Shed Media caught up with Bill Nikolouzakis, Founding Director at Nyko Property, to ask him about challenges that he has faced throughout his career, industry issues that play on his mind and what he likes to do in his down time.
1. How did you land in finance/superannuation investments sector?
After spending five years in the mortgage sector with Westpac Bank and R-Finance I noticed a gap in the marketplace for a property business with a strong focus on research. It became evident that, like we experienced at R-Finance, there were many financial services companies interested in offering direct property to their clients but there was not a provider who offered the quality of research they were used to. I saw this as an opportunity and set up Nyko Property. We have spent the last six years building a business that provides that option.
2. How has this industry challenged or surprised you throughout your career?
The property industry and especially the property investment space has changed markedly throughout my career. There are now more players who are well regulated – at Nyko we take it upon ourselves to lead the way in that respect.
We have also seen a much more educated property investor who wants to be provided with the same quality of research they would expect when purchasing a financial product. That is why we have seen investors go to advisors to get that information. At Nyko, our property information reports consists of all the data an investor would require before making an educated decision on which property to buy.
3. What are the big issues playing on your mind?
The biggest issue we would like to see addressed is the lack of professional advice given to property investors on the financial risks and benefits of investing in property. We believe financial advisors are best placed to provide that advice and would be most qualified to do so. About 1 in 7 Australians own investment property. Its an asset class that will benefit from a structured plan by qualified advisors.
4. So what do you do in down time that doesn’t involve finance/superannuation investments?
Most of my down time is spent with my girls. I have two daughters under 3 and spend time either at the park playing with them and my wife or out with family and friends. I also have a keen interest in soccer and get out to local games when I can.
Nyko Property are property research advisers who specialise in exclusive ‘off market’ property investment opportunities throughout metropolitan Melbourne. We do not offer property directly to the public, nor do we sell property for private vendors. All property purchased through Nyko Property is executed via our partnership program.