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283 | Buy & Hold vs Buy & Sell – which strategy works best in WA? – Chat with Damian Collins, President of REIWA

And so our theme of chatting with the Presidents of the property markets across the country continues! 

Here to tell us what’s happening in Bryce’s hometown (Perth 😉and the best strategy a property investor should adopt in WAis Damian Collins, President of REIWA – the Real Estate Institute of Western Australia! 

The last time we checked in with Damian was waaay back in Episode 73… and there’s been more than a few changes in the WA property market between then and now… plus, even more news since COVID-19 came on the scene! 

A bit about today’s guest… Damian has served on the REIWA Council since 2011 and was elected President of the Institute in 2018. He’s been an active investor for over 25 years and is ALSO the Founder and Managing Director of Momentum Wealth   a Perth-based property investment consultancy. As well as all thishes also the Chairman of commercial property funds management business, Mair Property Funds. 

We tackle the big question… Should a Buy & Hold Property Investor actually invest in Western Australia? 

This one is for our WA folks… and those interested in what’s happening on the grounds in the Perth property market 

  • Pre-COVID-19 
  • During COVID-19 
  • Post-COVID-19 

 

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Free resources: ABCD during Pandemic

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What we talk about in today’s episode… 

 

And of course… Additional Helpful Resources on COVID-19

National Update: Click here

State Update:

 

 

 

 

 

Bonusisode with Nerida – How does Australia’s Property Market Compare to the Rest of the World?

Time for our monthly catchup with Nerida Conisbee, Chief Economist at realestate.com.au! It’s a long one today but we promise you it’s jam-packed with absolute gold!

So here are some of the discussions we had today:

👉 What’s been happening in the rental market and AirBnB listings?
👉 How did the Job Seeker and Job Keeper payments impact the real estate industry?
👉 Which Australian markets are showing strong rental demand?
👉 What’s the ideal strategy during these uncertain times?
👉 When is a good time to sell your property?
👉 What conditions have to be met to cause a 40% drop in the Australian Property Market as a whole?
👉 How does the Australian Property Market compare to Japan’s?
👉 What’s likely to happen on the other side of this pandemic?
👉 How are home buyers and investors’ activity looking like at the moment compared to previous months?
👉 What are online auctions and are they efficient enough to replace offline auctions?
👉 Tips on how to research and inspect a property online.

Hope this helps folks and don’t forget to check out last week’s episode on Coronavirus and Property FAQ here.

p.s. Want more of this? Subscribe to our podcast every Thursday at 3pm on iTunes, Spotify or your favorite podcast app!

 

And of course… Additional Helpful Resources on COVID-19

National Update: Click here

State Update:

 

 

 

 

UPDATE: Shocker Revoked!! Why property owners can rest a little easier in QLD now?

What a difference a couple of days makes, huh?!! 

Back on the couch is Antonia MercorellaCEO of REIQ… with some GREAT NEWS!!!! 

In light of last week’s episode, the Queensland Government has reached out to The Real Estate Insitute of Queensland (REIQ) to collaborate on a package that ensures protection for EVERYONE… ie. tenants AND landlords!! 

Antonia will fill you in on all the amendments to the proposed Rental Relief Package, what this means for landlords and tenants, and exactly HOW the reversal of this initial “Shocker” of a policy came about! 

 You can learn more about QLD Rental Relief Package here: https://www.covid19.qld.gov.au/the-hub

 

The amendments to the proposed Rental Relief Package include: 

  • Rent payments and unpaid rent: Property owners and tenants can now agree on the terms of reduced rent and deferred repayment requirements. 
  • Financial hardship requirements: The combined income of tenant/s must have reduced by more than 25% as a direct result of COVID-19 or where the rent amount exceeds 30% of income/s and tenant/s cannot afford to pay the rent. 
  • Substantiation of financial hardship: Tenants must provide the same level of proof of income as is required at the start of the tenancy to seek a rent reduction. 
  • Entry requirements: The Government will provide clear guidance to ensure access for essential repairs and maintenance, the sale of a property and virtual inspections. 
  • Break lease: To qualify for the Government’s break lease provisions, tenant/s must be in severe financial hardship which is defined as a 75% reduction in combined tenant/s income and have less than $5,000 in savings. 
  • Extension of a tenancy: A fixed term tenancy will be automatically extended to 30 September 2020 unless agreed otherwise. 

 You can learn more about QLD Rental Relief Package here: https://www.covid19.qld.gov.au/the-hub

 

Free Resources

 

What we Cover in Today’s Episode

 

 

And of course… Additional Helpful Resources on COVID-19

National Update: Click here

State Update:

And One Final Word…

If you’re worried about your finances or if you have no clarity on your cash flow position, we strongly recommend you to organise your finances now. It’s more important than ever to have a clear view, down to the exact cent, on how much you’re spending each month and how much surplus you’ve got. If you don’t know it, then log in to your Money SMARTS Platform here and update the numbers.

Don’t have an account yet? Create your free access below and we’ll also send you an e-copy of the instruction manual which is also our best-seller book, Make Money Simple Again. Just fill in the form below and we’ll email it to you right away.

 

 

 

282 | “I Was Fired Every Week”… And Now She’s The President Of The Largest Property Market In Australia – Chat with Leanne Pilkington, President of REINSW

Leanne Pilkington is no stranger to real estate. When she first started in the property industry almost four decades ago, things looked a bit different from what they do now…

For one, she was literally fired from her job every Friday afternoon! And now? Well, today’s guest is the PRESIDENT of Real Estate Institute of New South Wales (REINSW) — the largest and most influential association of real estate professionals in the country’s biggest property market!

Sure, Leanne Pilkinton is one of the most respected and sought-after commentators in real estate and a strong advocate for women in the profession, lobbying for improved education and training across the entire industry… but she’s also the Managing Director of leading NSW boutique real estate group Laing+Simmons.

And she knows the market inside and out!

Obviously, with everything COVID-19 going on, it’s safe to say that Leanne is VERY MUCH in the trenches, lobbying the government and looking at new ways the real estate industry can adapt to this climate while also being really honest about the fact that quickly formed legislation can have a disastrous impact on real estate agents, property managers and landlords.

This is a passionate and knowledge-sponge of an episode, folks!!

 

The Free Stuff

 

What’s Covered in Today’s Episode

  • Okay, what’s the deal with Leanne getting fired EVERY week?
  • What did the pathway to REINSW look like?
  • What’s it really like being in “the boys club”… and how can women in real estate navigate the industry?
  • What makes for a great selling agent?
  • What makes for a great property manager?
  • What’s the best way a buyer can get a fair price on property?
  • How should property investors deal with real estate agents?
  • Should you tell a real estate agent your budget?!
  • Real Estate 101 – The Two Ways A Real Estate Agent Gets Paid
  • What will happen to industry professionals during COVID-19?
  • What’s REINSW currently lobbying the government for?
  • Are there alternatives to paying stamp duty?
  • What’s happened in NSW’s property market since the coronavirus?
  • Is Leanne personally investing in property right now?
  • What should you expect from your tenant during COVID-19?
  • How to recognise “opportunist tenants” from tenants in genuine hardship
  • The Sydney Property Market: Pre-, During, and Post- COVID-19
  • When will Open for Inspections and public auctions kick off again?
  • What’s going to happen to the property market in September?
  • What’s the real concern in VIC and QLD right now?

 

 

And of course… Additional Helpful Resources on COVID-19

National Update: Click here

State Update:

And One Final Word…

If you’re worried about your finances or if you have no clarity on your cash flow position, we strongly recommend you to organise your finances now. It’s more important than ever to have a clear view, down to the exact cent, on how much you’re spending each month and how much surplus you’ve got. If you don’t know it, then log in to your Money SMARTS Platform here and update the numbers.

Don’t have an account yet? Create your free access below and we’ll also send you an e-copy of the instruction manual which is also our best-seller book, Make Money Simple Again. Just fill in the form below and we’ll email it to you right away.

 

 

 

281 | Why The Easter Break Almost Ended in Disaster for Property Owners… and How it Was Avoided – Chat with Leah Calnan, President of REIV

Yes, we’ve got TWO back-to-back episodes this week! ‘Cos let’s face it… there’s been A LOT that has disturbed the property industry over the week!

Case in point: Easter.

Oh, Easter. The break that had a lot of us biting our nails, not biting into chocolate eggs… and a lot of folks didn’t even KNOW it almost ended in disaster for property owners!

Thankfully, common sense prevailed – and today’s guest had a great deal to do with bringing that levelheadedness back to the table.

Joining us today is none other than Leah Calnan, President of the Real Estate Institute of Victoria (REIV), the peak body of real estate down here in VIC.

And she has a wealth of experience to bring to the discussion – not only has she got over 24 years’ experience in property management… and is the Director of Metro Property Management & Metro Property Sales… but also, she’s recently taken over as President of REIV (back in October last year) after being on their Board of Directors since 2014.

So, when some crazy policy was announced regarding Victoria’s COVID-19 Rent Relief Package… well, let’s just say Leah spent her Easter break fighting hard for all of us….

 

Free Resources Mentioned

 

What we cover in this episode…

  • What went down during the Easter Break (abbuur!)
  • What was outlined in the Rent Relief Package that almost ended in disaster for property owners?
  • How did Leah and REIV get the Victorian Government to change their policy?
  • How well is Victoria placed in the property market? (pre- and post- COVID-19)
  • The challenges with tenants and landlords during COVID-19
  • What are the processing applications for property managers like now?
  • Has the Job Seeker and Job Keeper payments helped keep to bring stability back to the market?
  • How much does the Victorian real estate industry contribute to the total income of the State?
  • Rent relief, reductions, evictions and deferred payments: What landlords need to know
  • What are tenants currently asking their property manager for?
  • What do tenants need to provide to show evidence of COVID-19 hardship?
  • Who is MOST vulnerable in all this?
  • The land tax levels that are being paid

 

 

And of course… Additional Helpful Resources on COVID-19

National Update: Click here

State Update:

And One Final Word…

If you’re worried about your finances or if you have no clarity on your cash flow position, we strongly recommend you to organise your finances now. It’s more important than ever to have a clear view, down to the exact cent, on how much you’re spending each month and how much surplus you’ve got. If you don’t know it, then log in to your Money SMARTS Platform here and update the numbers.

Don’t have an account yet? Create your free access below and we’ll also send you an e-copy of the instruction manual which is also our best-seller book, Make Money Simple Again. Just fill in the form below and we’ll email it to you right away.

 

 

 

280 | QLD Govt Shocker: Why the Renter Protection Package doesn’t protect everyone!… Chat with Antonia Mercorella

There’s no doubt governments are “regulating on the run” with the current crisis on our hands. Coronavirus demands quick action… but, wow, the Queensland Government’s new “Renter Protection Package” is a SHOCKER.

What’s being proposed is, ahh, let’s just say, out of step with the rest of the country and, quite frankly, seems to ignore the COVID-19 stimulus package already on offer… and leaves us landlords particularly vulnerable, especially if we have a property up in the sunny state. And we CAN’T HAVE this shocking, poorly formed policy to seep across the borders and infiltrate into other states… because it would end badly.

Here to talk about these proposed amendments to the tenancy legislation (and why they’re slanted very much in favour of the tenant and can potentially damage the property industry… aka, a complete shocker!) is Antonia Mercorella, CEO of the Real Estate Institute of Queensland (REIQ).

To give you an idea folks – REIQ is Queensland’s peak body in real estate, and Antonia, as well as being a solicitor, has over 16 years’ experience in the real estate and property sectors! And once you hear her passion and unshakable knowledge about her craft, you’ll quickly know why she’s been identified as one of the 20 most influential people in Queensland real estate!

And, of course, you’ll hear EXACTLY what the QLD Government has proposed in their new “Renter Protection Package” and why it’s a total doozy!!

 

Be Heard Before 22 April 2020 — EVERYONE MATTERS

CLICK HERE To Support REIQ BEFORE These Proposed Changes Are In (it literally takes 1 minute folks!)

 

Free Resources

 

What we Cover in Today’s Episode

 

 

And of course… Additional Helpful Resources on COVID-19

National Update: Click here

State Update:

And One Final Word…

If you’re worried about your finances or if you have no clarity on your cash flow position, we strongly recommend you to organise your finances now. It’s more important than ever to have a clear view, down to the exact cent, on how much you’re spending each month and how much surplus you’ve got. If you don’t know it, then log in to your Money SMARTS Platform here and update the numbers.

Don’t have an account yet? Create your free access below and we’ll also send you an e-copy of the instruction manual which is also our best-seller book, Make Money Simple Again. Just fill in the form below and we’ll email it to you right away.

 

 

 

279 | How To Master The Pillars in Pandemic Times

As a property investor, you have to master the frameworks. But during a pandemic, you have to tweak specific strategies in each framework to not just survive in this climate, but thrive — now and in the future.

Make no mistake… the fundamentals DO NOT change! But in a brand new world, there’s no doubt that adaptability and proactivity in regards to our Four Pillars of MasteryAsset Selection, Borrowing Power, Cashflow Management and Defence (ABCD) — are critical and will set you up for life… provided you work with this time of self-isolation, economy upheaval and uncertainty… NOT against it!

When this is all over, we will see that the folks who were able to act and adjust quickly will be the ones who get out on top. We have seen it throughout history and most-recently during the GFC… so, while the coronavirus is an unprecedented and uncomfortable time for all of us, there are practical and smart strategies you can adopt NOW to make certain you get through the other side… and not just “unscathed”, but potentially in a great financial position.

So, maximise your results and efforts during this time and you will be rewarded for it.

And, please folks… DON’T buy bargains… the “bargains” are that way for a reason… and we’re going to see a fair bit of this junk stock coming onto the market. So, don’t be tempted. Don’t do anything stupid. And stay focused on the objective.

In this episode:

 

Free Resources

Free resources: ABCD during Pandemic

Fill in the form below and we'll email you the PDF right away! 😉

  • Are you also interested to have a better understanding of your cashflow position via our FREE Money SMARTS Platform?

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

 

More on The Pillars of Mastery

 

And of course… Additional Helpful Resources on COVID-19

National Update: Click here

State Update:

And One Final Word…

If you’re worried about your finances or if you have no clarity on your cash flow position, we strongly recommend you to organise your finances now. It’s more important than ever to have a clear view, down to the exact cent, on how much you’re spending each month and how much surplus you’ve got. If you don’t know it, then log in to your Money SMARTS Platform here and update the numbers.

Don’t have an account yet? Create your free access below and we’ll also send you an e-copy of the instruction manual which is also our best-seller book, Make Money Simple Again. Just fill in the form below and we’ll email it to you right away.

 

 

 

RBA April 2020 – Lockdown, An Australian Recession And What This Will Mean For The World Economy

Yes, it’s the first Tuesday of the month… which means the RBA Board has met and kept the cash rate on hold at 0.25%.

This video features Ben’s update on the cash rate… as well as a DEEP dive on the data that’s spreading across the economy as the world tries to navigate through COVID-19.

Ben will be talking about the economic mess we’re likely to see — in terms of a Recession here in Australia — how long this will last, and how long we can expect to be living in lockdown conditions until things pick back up again.

He’ll also discuss, with specific reference to the coronavirus crisis…

  • The RBA Announcement — April 2020
  • World Stock Markets: United States, China, Europe
  • What’s happening here in Australia and the ASX Stock Market
  • Aussie Dollar
  • Unemployment (where this will go + the fiscal stimulus introduced)
  • Consumer Confidence & Sentiment
  • Business Confidence and Sentiment
  • Retail Sales
  • The Property story
  • CoreLogic numbers

It’s a BIG RBA Episode with everything going on at the moment…. and it’s definitely one you DON’T want to miss out on if you want to stay informed about what’s currently going on and we’re it looks like we’re going…

 

 

 

And of course… Additional Helpful Resources on COVID-19

National Update: Click here

State Update:

 

And One Final Word…

If you’re worried about your finances or if you have no clarity on your cash flow position, we strongly recommend you to organise your finances now. It’s more important than ever to have a clear view, down to the exact cent, on how much you’re spending each month and how much surplus you’ve got. If you don’t know it, then log in to your Money SMARTS Platform here and update the numbers.

Don’t have an account yet? Create your free access below and we’ll also send you an e-copy of the instruction manual which is also our best-seller book, Make Money Simple Again. Just fill in the form below and we’ll email it to you right away.

 

 

 

DISCLAIMER: This podcast is general information only and is an opinion comment by Ben Kingsley. The information contained in this video is for Australian residents only. The information does not take into account the particular investment objectives or financial situation of any potential viewer. It does not constitute, and should not be relied on as, financial or investment advice or recommendations (expressed or implied) and it should not be used as an invitation to take up any investments or investment services. No investment decision or activity should be undertaken on the basis of this information without first seeking qualified and professional advice.

The Property Couch, its employees or contractors do not represent or guarantee that the information is accurate or free from errors or omissions and therefore provide no warranties or guarantees. The Property Couch disclaims any and all duty of care in relation to the information and liability for any reliance on investment decisions, claiming the use or guidance of this publication or information contained within it.

For more information, please visit: http://thepropertycouch.com.au

UPDATE | QLD Emergency Rental Assistance Payment

Just a quick update folks! There’s been some changes since we released today’s episode. The Queensland government had set up a grant program that offers an emergency rental assistance payment of up to $500 a week, for up to four weeks, for Queenslanders who cannot make rent. We thought it’s critical that we let you know about this considering it’s related to today’s episode on Landlords vs Tenants.

Hope you find it helpful and here are all the links for this update:

Don’t have access to our Platform? No worries! Just fill in the form below and we’ll create a free access for you. AND send you the instruction manual, Make Money Simple Again as well! 🙂

 

 

 

 

 

 

278 | Coronavirus: Landlords vs Tenants

Landlords vs Tenants.” Has this become the Unspoken Virus as the current pandemic escalates and more folks lostheir jobs, fall into financial distress and struggle to pay rent? 

Well, to answer this question, let’s talk about the myths and misinformation out there. 

Because we want to set the record straight in order to help BOTH landlords and tenants navigate what is a difficult time for all of us. 

Because, YES, there’s a whole lot of folks out there who are doing it really tough right now and we by no means want to understate this. We understand the severity of the situation. And we understand that there is NO “landlord vs. tenant” argument — because, realistically, there are no winners in this. 

Equally, we also know that the majority of investors only have ONE investment property and only the minority out there are super cash-flushed. Most of us are everyday Australians simply trying to self-fund…  

Put another way investors ie. landlords also feeling the hit with job losses and reduced income like everyone else. And we want do whatever we can to assist the community, but the fact is most of us can’t afford to bear the cost of having reduced or no rental income while still needing to cover mortgage repaymentstax commitments and repairs and maintenance. Most of us aren’t in a position to shoulder the responsibility if rent stops coming in because, as we explained in last week’s episode the “6month holiday” on your home loan, while helpful to those under duress, is merely a temporary freeze, which you will then have to make up for further down the track. 

So, in this episode, we want to share some ideas of what we think both the Federal AND State and Territory Governments need to do in order to step up and help all of us who are affected here. 

Again, WERE ALL IN THIS TOGETHER… and it’s wise we take a look at both sides of the equation… for Landlords AND Tenants. 

So, let’s get into the nitty gritty, debunk the myths and offer some useful solutions that could be beneficial for everyone. 

 

Free Resources Mentioned 

 

What we Talk About in Today’s Episode: 

  • Why are Landlords and Tenants are in this together? 
  • Our ideas to help them BOTH 
  • Our Top Advice for Property Investors About Rent Reductions 
  • The Types of Landlords 
  • What’s NEW and What’s NOT New with tenancy hardship agreements? 
  • Misinformation about Landlords 
  • What monetary relief is available for tenants right now? 
  • Job Keeper” vs. “Job Seeker” Payments 
  • What happens to an investor’s Landlord Protection Policy if you drop your rent? 
  • How long will your Landlord Protection Policy cover you for? 
  • What do you need to show to claim tenancy hardship? 
  • Rental relief package for landlords… 
  • What is Centrepay, and who is eligible for it? 
  • Ideas around tax depreciation that could help during the COVID-19 crisis 
  • How are property managers helping tenants during financial hardship? 
  • What are the ramifications for landlords? 
  • What should you do if you don’t have a tax depreciation schedule? 
  • Claiming tax refund early 
  • What would we like to see at a Federal Level? 
  • What would we like to see at a state and territory level? 
  • What is PICA doing to help Landlords during the time of COVID-19? 
  • Is there an option to switching to interest only? 
  • What’s stopping people from switching p and I to IO? 
  • Are we going to see volatility come through the property market? 
  • Realistically, will there be a DROP in median property prices? 

 

And of course… Additional Helpful Resources on COVID-19

National Update: Click here

State Update:

And One Final Word…

If you’re worried about your finances or if you have no clarity on your cash flow position, we strongly recommend you to organise your finances now. It’s more important than ever to have a clear view, down to the exact cent, on how much you’re spending each month and how much surplus you’ve got. If you don’t know it, then log in to your Money SMARTS Platform here and update the numbers.

Don’t have an account yet? Create your free access below and we’ll also send you an e-copy of the instruction manual which is also our best-seller book, Make Money Simple Again. Just fill in the form below and we’ll email it to you right away.

 

 

 

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