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Episode 52 | A property investor’s journey and confidence in the Australian residential property market – Chat with Phillip Tarrant

It’s our One Year Anniversary!! 🙂

Time does pass rather quickly and if you’ve found this podcast from Episode 30 or something, we strongly recommend you to rewind a few episodes and start with Episode One. It used to be 15 minutes, so it wouldn’t take long to catch up.

For today’s episode, we are bringing in Phillip Tarrant, Director and Managing Editor of Sterling Publishing and host for the Smart Property Investment Show Podcast. Apart from his daily job, Phillip is also on the board of Property Investment Professional of Australia (PIPA) with Ben. But Bryce and Ben is not talking about his role in the media industry today. Instead, they are focusing on his journey as a property investor, what triggered him to invest in property, how did he purchase his first investment property and how confident he is with the Australian residential property market. The three of them will also be discussing about the recent 60 Minutes investigation, which air on Channel 9 last Sunday (21/02/2016).

 

If you like this podcast: “A property investor’s journey and confidence in the Australian residential property market – Chat with Phillip Tarrant”, don’t forget to rate us at our iTunes channel (The Property Couch Podcast) and our Facebook page. If you have any questions or ideas, feel free to drop us your thoughts here: http://tpcaustralia.wpengine.com/topics/

Quote of the Day

The (proposed) policy on negative gearing is like, you can invest in shares but only on IPOs. You’re going in blind because there is no historical performance for you to look at and to analyse the potential of that investment.

Episode 51 | Will Labor’s proposed changes to Negative Gearing policy be good or bad for ordinary Australians?

What an interesting weekend! We always knew that the negative gearing debate was one that would never fade away but last weekend on 13th of February 2016, Opposition Leader Bill Shorten used his speech to the NSW ALP conference to unveil some possible changes to negative gearing should Labor win the next election. Needless to say, this opens up a lot of conversations and debates surrounding what this policy would involve, what data the decision is based on, the policies’ framework and its implications.

In his speech, Bill Shorten mentioned that if Labor wins the next election, from July 2017 onward, negative gearing will only be available on newly constructed homes. This is to improve the efficiency and fairness of the Australian Taxation system and he reiterated that the changes will not affect existing negatively geared properties. Furthermore, this policy will also reduce the subsidy on CGT from 50% to 25%. You can read the rest of his speech here.

As property investment advisors, property analysts and professionals who are actively involved in the industry, Bryce and Ben are both aware that any negative gearing changes would have a ripple effect on the Australian property market as well as the general economy. Decisions that are made without considering all the impacts on the market would mean history repeating itself again such as the brief change in negative gearing in 1985. Hence, in this podcast they analyse Labor’s proposed changes and explain the good and bad aspects of those changes.

 

It is important to note that Bryce and Ben’s comments and opinions in today’s podcast are their own and not the position of the Property Investment Professionals of Australia (PIPA).

If you like this podcast: “Will Labor’s proposed changes to Negative Gearing policy be good or bad for ordinary Australians?”, don’t forget to rate us at our iTunes channel (The Property Couch Podcast) and our Facebook page. If you have any questions or ideas, feel free to drop us your thoughts here: http://tpcaustralia.wpengine.com/topics/

Episode 050 | Q&A – Credit card management, professional fees, LOC for negative cash flows, adding value via reno and interest only loans

Only a couple more weeks left to our Summer Series. This week, Bryce Holdaway and Ben Kingsley will be answering the questions below from our fellow listeners. Thanks again for submitting your questions!

  • Credit card management question from Peter on Facebook: Loved reading the book. Quick question, in your Money Smarts section (Chapter 3 of the book) you discuss using your credit card for fixed expenditure. Does that include groceries…assuming groceries doesn’t come under lifestyle? That seems to provide a variable – do you think that is still best? I want to adopt your setup but worry about using a credit card, considering we don’t have one currently. Thoughts?
  • Professional Fees questions from Andrew : Hey guys, thanks for all the valuable information so far. I have a question in regard to the fees and cost of the property portfolio and buyers agent services. I am a first time investor with limited funds for my purchase, and I am trying to get an idea whether or not I could
    • a) even afford the above services and
    • b) whether those funds would be better spent contributing to a larger deposit? Can buyers with smaller budgets (sub $400k) still maximise capital growth and rental yield using qualified property advisers and investment savvy buyers agents? Cheers.
  • Question on line of credit from Christian: Hi Ben, what are your thoughts on using equity and/or a line of credit to fund the negative cash flow on high growth properties?
    I know that some other high profile companies are advocates of this strategy. Your thoughts? Would love to hear your thoughts in podcast.
  • Value add question from Heath: Hi guys, love the show and I am currently up to the Buyer’s decision quadrant in the book and really enjoying it. My question to you is:
    I have a recently renovated investment property in Brisbane that is a 3x2x2. We have built in a 4th bedroom downstairs in the existing utility room (legal height, ventilation, windows and power supply etc.) Currently I am speaking to a few building certifiers and engineers etc. to assess whether or not I can get the 4th bedroom certified through council. It’s looking like the certification will cost me around 5k and the difference between the median for 3 & 4 bedrooms in the area is around 60K. Would you think moving forward with this would be feasible? And if so when issued the certificate through the Brisbane council is this something that I would submit to the valuator when they would be doing the inspection?
  • Repayment question from Joe: I actually just finished reading your book about 30 min ago and I have to say I really enjoyed it. In particular chapter 9 and 10 (investment strategies and the case studies). I found it very easy to follow and understand though I do admit I learn a lot of the terms and phrases from the podcasts. I do have a couple of questions though.
    • I noticed that in the case studies the loans were always interest only which is fine and I understand why it’s like that, but is it possible to have Interest only repayments over the course of the entire loan? Surely at some point the bank wants principal paid back.
    • This leads me to my second question, during your case studies do you factor in the fees of your service as this would have a noticeable  impact on the overall purchasing power of the buyer?

 

If you like this Q&A episode (Credit card management, professional fees, LOC for negative cash flows, adding value via renovation and interest only loans), don’t forget to rate us at our iTunes channel (The Property Couch Podcast) and our Facebook page. Any questions or ideas? Feel free to drop us your thoughts here: http://tpcaustralia.wpengine.com/topics/

Episode 49 | Possibility of an out-of-cycle rate rise and media commentaries on the Property Market

The Governor and Reserve Bank has decided to keep interest on hold at 2% in the cash rate announcement this month. But will there be another out-of-cycle rate rise by the lenders? We’ve seen it last year where interest rates on residential loans were raised but what are the chances that it’ll happen again this year? Bryce and Ben talks about this in today’s episode. They will also be talking about the recent hype in media commentaries regarding the Australian Property Market.

Not to forget our promise for the Summer Series, these are the Q&As for today’s podcast:

  • Loan question from Ben on Facebook: Read a book that outlined the kitty loan system. I was wondering what Ben and Bryce’s opinion on using this system was and whether it truly works or not. The book indicated to let the amount accrue over a period of time, but I’m not sure what bank and what type of loan allows you to do this?
  • Expat investment question from Glenn: I am an Aussie expat living in Dubai and looking to invest back home. I have been told to look at property investments that provide a loss for tax purposes so I can benefit when I return. Any information on how I can invest or what would benefit me from overseas would be interesting to hear about. Is the tax benefits the most important issue for me or should I just be looking for growth that will then outweigh any taxes I have to pay. I hope that makes sense. I have enjoyed your podcasts thus far and have now purchased your book.

RBA has kept the interest rates on hold this month but what are the chances for an out-of-cycle rate rise from the lenders?

 

If you like this podcast: “Possibility of an out-of-cycle rate rise and media commentaries on the Property Market”, don’t forget to rate us at our iTunes channel (The Property Couch Podcast) and our Facebook page. If you have any questions or ideas, feel free to drop us your thoughts here: http://tpcaustralia.wpengine.com/topics/

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