X

Episode 152 | Bad News for The Australian Property Market

We’re sorry to bring you Bad News while you’re on holidays.

Unfortunately, we have heard some negative talk out there and, well, we think it’s best you know. So, today’s podcast is a little on the “doom and gloom” side, we’re afraid.

We’re talking about the correction in the market. We’ve all seen the property prices in Sydney come down a bit, and we’ve all heard (perhaps too much) about the Bubble…. Is today the day it finally burst?

 

A longtime listener from Singapore, Saxton, left us a rather distressing voicemail message:

“I want to ask you about the article that was published by Matt Barrie the CEO of freelancer in Australia where he painted a very negative and bleak future about Australia’s future prospects and described the Australian property market as a bubble built upon a bubble, built upon a bubble; namely mining and commodities. Anyway, it’s a long article and I would love to hear your negation on some of his gloomy outlook and why property is still a good bet moving forward.”

 

If you’ve read the article… you’ll know it’s pretty bleak. Also what’s interesting is that Matt Barrie isn’t a property expert — note that his business has nothing to do with propertyand on social media channels he is, which makes sense, an “influencer”. And influencers are good at doing just that.

But, at the end of the day everyone is entitled to an opinion.

More importantly, who is right?

 

What’s about to unfold:

  • Are the conditions that precede a bubble “popping” finally here?
  • What happens if the market drops 30%?
  • What is money and wealth built on?
  • What are the biggest banks LVR and why does this matter?
  • How is Australia’s lending system differ from the rest of the world?
  • Is Australia’s economic climate stable?
  • What is “short selling”?
  • How can you tell when an agenda is influencing an opinion?
  • Why do we keep going on about supply and demand?
  • What is “irrational exuberance” and why is contributing to the bad news?
  • Why is now (perhaps more than ever) time to look back at your property fundamentals?
  • Is interest rate the King in all of this?
  • What’s the future of the Australian Property Market?
  • What do you need to start telling people today?

 

Full disclosure: Here’s the link to the article. Please decide for yourself 🙂

 

P.S. Should Ben do the Life Hack from now???

 

 

 

Episode 151 | Is Bitcoin a good investment and what are the Final Budget Changes on Tax Depreciation?

There are so many things to be excited about in this week’s episode!!!

First of all, PICA IS FINALLY UP! Remember a few weeks back (Sydney expo) when Ben gave you a sneak peek at setting up a not-for-profit association for property investors by property investors? Well, it’s official now … and it’s time to unite and make our voices heard. It’s time we take action to ensure our property investments are protected, now and into the future. So make sure you check it out! www.pica.asn.au

(Membership is only $5 a year or $20 for 5 years! Find out more about PICA’s Membership here.)

 

Following on from this … the most drastic change impacting property investors significantly is the recent depreciation changes. On this year’s Budget Night, 7:30 pm AEST on the 9th of May 2017, the Government proposed quite some changes to the tax depreciation schedule. We’ve talked about these changes before with Bradley Beer, CEO of BMT Tax Depreciation back in Episode 117.

Since then, the Government has finalised on some of these changes and has decided that some of the proposed changes will not go ahead after all. But what are the finalised depreciation changes? That’s why we’ve invited Brad back into the studio today for a quick update!

 

And finally… Bitcoin.

It’s the No.1 trending search word at the moment.

So, are we for or against it???

Let’s talk.

So, what are you in for?

  • What depreciation changes did the Government finally decide on?
  • Who will be affected and who WILL NOT be affected?
  • What happens if you purchase an existing property after the 9th of May?
  • Will you be able to claim tax depreciation now, and is it still worth get a tax depreciation schedule done?
  • Are commercial properties affected by this change?
  • How can your accountant help with your claim?
  • What’s the definition of “Substantial renovation” in this new ruling?
  • Will Capital Gains Tax be affected?

and of course, on Bitcoin…

  • What is Bitcoin to start with, and why is it so trendy now?
  • Are there other cryptocurrencies out there?
  • Can they be used as a valid currency?
  • Will this last?

 

Don’t forget the Free Resources mentioned:

  • Brad’s previous appearance on the Couch — Episode 117
  • Ben’s Did You Know Tips can be found here.
  • Access to PICA (Property Investors Council of Australia) — Subscribe here
  • BMT Tax Depreciation Application Form – Fill in the form below to download or click here

 

  • This field is for validation purposes and should be left unchanged.

 

P.S. Ben’s Webinar Impact of Interest Only Lending is out! Make sure you check out your Throwback Thursday newsletter. Haven’t subscribed to our newsletter yet? Download the Money SMARTS and you’ll get it 🙂

Episode 150 | Margaret Lomas: How this mother of 5 turned $80,000 into a multimillion dollar property empire

HAPPY 150 EPISODES!!!

Yep, that’s right, folks! Today officially marks our 150th episode……. and, boy, do we have a show in store for you.

First up, you’ll finally hear Stiggy speak! Uh-huh. This is one-of-a-kind stuff.

Secondly — and it’s only taken us 100 episodes to get her on — you will also hear from one of the best in the business, Margaret Lomas!

As you likely know, not only is Margaret the Director and Founder of Destiny Financial Solutions, a best-selling property author (8 books, mind you), but also she is an active property investor and qualified property investment advisor; hosting two weekly property investment shows, Your Money Your Call and Property Success with Margaret Lomas, both of which she creates and produces.

Indeed, she is a busy businessperson, also on the board of Property Investment Professionals of Australia (PIPA), past winner of Business Woman of the Year and — let’s be honest — the receiver of WAY too many accolades for us to list here!

Before we get into it — side note — Ben’s Webinar Impact of Interest Only Lending is finally out! He’ll tell you about it now.

 

So, what are you about to find out?

  • Margaret’s introduction into, and motivations behind, her property investment journey
  • What is the Rapid Debt Reduction method and how Line of credit works
  • Budgeting, tracking and managing your money
  • Why accountability matters and her recommended “Property Headspace” needed for commitment
  • The $18,000 risk it took to create her multimillion dollar property empire?
  • ****** A SCOOP FROM MARGARET LOMAS ******
  • Property development! Her experiences, mistakes and why she would do it again
  • Understanding council plans and how to deal with them
  • What is she working on in property right now?
  • Sell vs Hold — which one?
  • Practical tips you can use to source growth drivers
  • What other things you need to know about picking the next hotspot (and why she thinks public transport may not be as important anymore)
  • Margaret’s shift in mindset & how it’s shaped both her life and investment journey
  • Why is the age of people living in an area crucial to an investor?
  • What is the one thing she wants you to know? (!)

and

  • LIFE HACKS ALL ROUND!!!!!!! (Stiggy AND Margaret Lomas)

 

ps: And here’s the link to our practical but hilarious Facebook video! So much so that Bryce nearly spilled his drink! Watch below or click here to watch it

 

 

 

Webinar : Impact of Interest Only Lending

Thank you for your interest in the Impact of Interest Only Lending Webinar!

Just fill in the form below and we’ll send it to your nominated email.

  • This field is for validation purposes and should be left unchanged.

 

 

 

ps: We’ve got heaps of other Free Resources on the site! Make sure to check them all out here.

Episode 149 | Money Tips to Survive this Christmas

It’s beginning to look a lot like…… Spending!

That’s right, folks. Christmas is just around the corner, and let’s face it: it’s an expensive time of the year for all of us.

So we thought we’d share some money management tips so you avoid filling the stocking with all your hard earned cash. We’ve also taken apart the latest CBA Report, which explains some alarming spending habits that you and a whole lot of Australian’s are doing in December.

Plus, we’ve got a ripper SURPRISE FOR OUR 150TH EPISODE next week. Yep — not only is The Stig opening, closing and Life Hack-ing the show (thanks to your Movember donations, woot woot) — but also, we have a SERIOUSLY EXCITING GUEST ON!!! It’s someone we’ve been trying to get on for a loooooong time.

Want to find out who it is?

You’ll find out in today’s episode!!! (After all, we’re in the festive spirit.)

 

*****Also, stay tuned to the end and you’ll bear witness to Ben’s truly ridiculous Did You Know?*****

 

So, what are we on about today?

 

 

Final Movember Tally: $11,533

If you donated and haven’t given us your address yet, please email us at info@thepropertycouch.com.au

 

P.S. Don’t forget: next week’s 150th Episode!!!!!!!!!!!!!

P.P.S. And here’s the link to the Dirty Santa’s Rules!

Episode 148 | Q&A WITH TWO GUESTS! Why We Support Movember, Where is Australia’s Best Performing Markets and What You Should Be Buying Now

Alright, folks …. This is a jam-packed episode!! 2 GUESTS, Q & A and some big announcements! So, where do we start?

First up … We have reached our Movember target of $10,000 big ones! A massive shout out to those who have donated, and a little reminder for those who haven’t done so yet: Donate $25 or more and get a FREE book! If we hit $11,000 Bryce will do his own Webinar TOO!!

(Ben’s webinar is coming up soon! You can access his Principle and Interest versus Interest Only Webinar AND his Working Out Your Retirement Shortfall Webinar by Downloading our Money SMARTS SYSTEM here.)

 

Speaking of Movember, our first guest is Sam Gledhill. He’s the Global Action Plan (GAP) Program Manager at Movember and he has some seriously interesting (not to mention seriously important) stuff to share with you! With a background in nuclear medicine technology — having been with the Foundation since 2012 and now responsible for the overall investments in Testicular Cancer — Sam will explain exactly why your donation is, literally, lifesaving.

 

Secondly, it’s Q&A day AND we have another guest! Not only are we answering your voicemail messages, but also we’ve bought LocationScore’s director (and data nutcase), Jeremy Sheppard, back to The Couch! This time Jeremy will to tell you the supply and demand for each State and Territory, including the one showing the highest potential for capital growth.

 

Here’s a snapshot on what we’ll be chatting about today:

 

First Voicemail (SpeakPipe) from “Anonymous”:

“I’m thinking of using a Buyers Agent to secure an investment property. I’m curious to know if I need to give them a Letter of Authority or a Power of Attorney, or both. Can you please explain the difference, and how I can use them? Thanks!”

 

Second Voicemail (SpeakPipe) from Stuart:

“Hi guys, great podcast. I’ve spent the last year listening to your podcast trying to get as many tips and advice about my property investment journey, which I’ll hopefully embark on very soon. Bit of a ‘spanner in the works’ though — I’d always envisioned starting out with maybe a 1 bedroom, around $300,000 – $400,000, maybe as a borderless investor (I currently live in Victoria). But our current house that we owner-occupy is looking a bit too small for us … my wife has proposed the question that we look at buying a bigger property. So the key to the question is, What are your thoughts on your first rental property actually being the one you currently occupy? I know you guys like detail, so I’ll shoot through to this: Currently it’s a 3 bedroom, 2 bathroom property in Chelsea, Victoria about 17 – 20 minutes from the train station and the beach. We bought it for about $505,000 in 2013, we owe $467,000 on it, we pay interest-only — about $1500 a month — and I think it’s worth about $650,000. So I’m really interested to know: what are your thoughts on a 3bd, 2bath house in Chelsea becoming our first rental investment? It’s not really what I’d mapped out listening to your podcast, but we’d probably have to buy a bigger, 4bd in Chelsea/Bonbeach area & I just want to see if this is a viable option in your opinion? I look forward to hearing your thoughts! Thanks!”

 

Third Voicemail (SpeakPipe) from Nicole:

“I’m from Canberra, woo! Looking at buying our 3rd property (1 PPOR and 2 IP). We’re looking at investing in a 1 br unit, which is 41 sqm in an old 1970s building, 5 km from CBD. It’s in Canberra, I’m aware of the land tax). $200,000 property with a $300 week yield. Husband can renovate it, which I think out ways the land tax issue. Question about banks’ lending money to under 50sqm. There seems to be banks that will lend these days, but going forward if we were to sell this — say in 20 years’ time, if we do sell it — do you think the banks are going to change their lending criteria on smaller places, considering most people, moving forward, will be living in small places? I guess I’m concerned that it’s going to be hard to sell in the future? What are your thoughts on this?”

 

Fourth Voicemail (SpeakPipe) from Nicole:

“My wife and I have about $180K to invest — we’re looking at buying our first home in Brisbane. Trying to choose between paying, which in our eyes is a premium, about the $600K mark for an older 3 bedroom home somewhere closer to the CBD like Moorooka or the convenient location of Mount Gravatt. Or: Paying early to mid $500K and getting a bigger, 4 bedroom home somewhere further away like Underwood or Springwood and using $120K of our deposit, leaving us about $60K towards our next property down the line. Again, it’s our first home, and we don’t plan on living in it forever. We just want to use this purchase as a stepping stone to our next property. To sum it up: Buying a property closer to the city, which will use up most of our deposit, versus by a home further away, leaving us with a good amount of money to jump into the market again down the line. Would love to know what you think.  I know that you say it’s good to be close to the city as a rule of thumb; but I am worried that this will prolong our next purchase considerably. Thanks guys.”

Instagram

×
the-property-couch-ebook-money-smarts

MONEY SMARTS SYSTEM

Plus We Will Also Notify You
When We Release New Episodes

  • This field is for validation purposes and should be left unchanged.

We Only Send You Awesome Stuff

×