X

Episode 138 | Alan Kohler: The Guest Who Changed the Industry as a Financial Journalist!

Alright, folks!

Joining us on the couch today is Alan Kohler, the renowned Australian financial and newspaper journalist! Aside from being the founder of The Constant Investor and co-host of The Money Café podcast, Alan has a wealth of knowledge and experience (which started since 1979, mind you) in the financial sector.

To give you an idea, Alan was the Editor of The Age and CEO of Australian Independent Business Media Pty Ltd (which published the Eureka Report and Business Spectator). Currently, he’s a Finance Columnist of The Australian, the Financial Reporter for ABC News and the host of ABC Inside Business (for 12 years) AND like us, has his own show on Qantas’s Inflight Radio called Talking Business with Alan Kohler.

And this is not even his entire resume!

(So you’re in for some SERIOUS learning.)

 

Alan and the boys discuss:

  • How did Alan flourish in an industry he once had no interest in or knowledge of?
  • What was it like to live through the digital change (and how did he leverage off it to lead a successful career)?
  • What did he do to stop Financial Advisors from operating in a commission based system?
  • Yesterday’s US Federal Reserve Board Meeting and it’s possible implication to the Australian Economy
  • What is Donald Trump’s Impact on the economy?
  • How is the Australian Economy fairing?
  • Will the demand for Sydney and Melbourne markets continue?
  • What and why is the difference between total GDP numbers and GDP per capita matter?
  • How does inflation impact on interest rates and why are the Central Banks of the World care about it so much?
  • What is the reason for increased asset prices (and does Alan think it’s a good thing)?
  • Potential risks with asset selection in outer suburbs
  • Will there be an interest rate rise this year?
  • How much of an issue is housing affordability in terms of predicting the market?

 

Oh, and these are the books (aside from his own) Alan mentioned:

  • Guns, Germs and Steel, Jared Diamond
  • Competitive Advantage of Nations, Michael E. Porter

 

And of course, here are the other resources mentioned in the today’s show:

 


 

 

 

Episode 137 | Spring Buying Tips | How to Negotiate A Deal During This Selling Season

Spring has sprung! And it’s the selling season, indeed. Properties look more beautiful — the lawn is luscious, the sun’s out, there are flowers all around … these all tickle your emotions, charming a lot of buyers to come out and bid. And pay an emotional price too — a lot more than the property is worth!

So how do you make sure you knock out all the competition AND still buy the property at a price you can afford?

In this episode, the boys explain the 7 tips to Buying in Spring to make sure you, as a property investor, succeed!

 

Bryce and Ben discuss:

  • Why is Spring the selling season?
  • The importance of a vendor’s motivations and which ones could get you a cheaper price (you can listen to The Four D Words here)
  • What to look out for before you make an offer
  • How AND when to make a knockout offer
  • How to outsmart a real estate agent by not being smart
  • What do you need to say to a real estate agent?
  • What type of buyer do you need to be in Spring?
  • When does the negation actually start and how do you negotiate to win?
  • What to do (and what to not do) at Open For Inspections
  • How do you find out what a property is really worth?
  • The power of having a Plan B and why you need it in a negotiation?
  • First Home Buyer Tips and how real estate agents use your words against you.

 

Don’t forget to check out this month’s Money Magazine on Where to Invest $10k! There are tips and advice from 8 Property Experts and TPC Listeners will find one particularly familiar face too. 😉

And if you are interested in the research tool Bryce and Ben mentioned in the podcast, here’s the link to it: Find out more about LocationScore here.

 

 

Episode 136 | Four Corners and Q&A – The Property Bubble, Being Burnt and Afraid to Invest: What Not to Do

Well folks, after Awe-Guest, it seems like a long time since our last Q&A!

So a lot of you have been writing in to us wanting to know our view on Four Corners’ recent episode on property investment in Australia, Betting on the House.

Now, there was a bit of doom-and-gloom in this episode and we want to talk about it.

To do this, we’re going to answer YOUR hard questions about property investment — the difficulties, the consequences of poor asset selection, bad property investment advice, the fear of debt and the “1 – 2 property block”.

 

Note: Ben’s reference to PIPA’s Framework on regulating Property Investment (very, very important stuff) can be found if you click here.

 

Today’s Questions!

Hot Markets & The Overall Economy from David:

Hi Team,

Wanted your thought on this “bubble” topic and the actions we see from ASIC and APRA with the banks.
The way I see it (I am an Australian working in Malaysia, with 1 property investment in WA and 1 being built in NSW Blue mountains) the rate increases are short-sighted and will hurt more than they help.
With increasing rates it means more money is pumped into paying debt. This means there is less for discretionary spending (going out, movies, dinners, gifts, holidays). With less mining and less manufacturing, Australia needs these service based industries to grow. With less spending on them, due to rates, they will shrink — this in turn hurts our overall economic situation … almost starts to lead us down the “R” word path and a certain “bubble” correction.

Would it not be better to strict things in Sydney and Melbourne markets as a standalone action by:

  1. Restricting bank refinancing and equity accessing for those hot markets – ensure LVR at 70% minimum for a refinance
    2. Ensuring all investment purchases in those hot markets have 20 – 25% deposit minimum
    3. Assessing loans for investment on 10% interest rate for P&I
    4. Limiting foreign investor purchasing in the hot markets?

This will mean the wider economy can continue, other markets needing a boost can see a rate cut maybe, and first home buyers in ‘hot markets’ do not get squeezed out.
Is it that easy?

 

Asset Selection (Numbers versus Emotions?) from Anne:

Thanks for your fascinating podcast! Just had a quick question regarding looking for investment property. I often hear that the property should have owner/occupier appeal, and yet I also hear that you need to take your emotions out of the equation and just look at the numbers! How do you balance these seemingly conflicting ideals? I am trying to just look at the numbers on an area, which I personally would not live in, and am finding it difficult.

 

Why Most Investors Stop At One from Andrew:

Hi Ben, Bryce and Ivise,

My question is about moving onto the 2nd property. I have often heard statistics such as the overwhelming proportion of property investors stop at 1 investment property. I understand that cash flow is king. I really want to know why or how investors get “stuck” after 1 or 2 properties. Is it their fear of debt or high LVRs? Obviously, the serviceability assessment by banks and recent government changes and APRA regulations has put a slow down on the investor space but these statistics were around long before the changes.
I am of the belief that you purchase what you can afford, manufacture some equity, wait for your property to grow in equity to move on again, and again, and again …
I don’t mind sharing my details as there would probably be many listeners out there in similar situation:

I am 33, single income family on $110,000 a year — currently renting in regional QLD due to work. I used a buyer’s agent to purchase my first investment property, a 3 bed, 1 bath and 1 garage in Birkdale QLD on a corner block in March 2017 for $455k. The property manager had it rented in under 2 weeks of being on the market. It currently has a 4.9% gross yield. There is $65k in the redraw, which means the property is neutral, which is good as it is in a trust. Further to this, I am adding an additional $1400 a month to the redraw. I will be ready to go again in a few months. (Yay?) I plan on adding a bathroom and bedroom to the property after the tenants finish their 12 month lease. My strategy is to buy, renovate, hold.
I really hope to receive some information about the “1 – 2 property block”. If this question makes it to a podcast, I’ll be very satisfied as I know many investors would have this question.

PS – Bring back the sign off in different languages!
PPS – awesome book — read it twice already

 

 

Episode 135 | Andrew Bogut – Why is this NBA Superstar Still Adamant on Investing in Property?

Andrew Bogut, NBA superstar & Australia’s greatest basketball player, is here!

Alright, folks — we promised an international sports star to end our month of Awe-Guest — and we are really excited to announce that he’s here!

Yep, let’s not hide it. We are entirely pumped for this show!

Because not only is Andrew a basketball legend — he won the NBA championship with the Golden State Warriors in 2014 – 2015, playing with THE biggest names and best athletes in the world, and even represented Australia at two Olympics with the Boomers — but also Andrew is a highly effective investor himself, savvy with his millions AND (we feel very proud about this) is a regular listener of The Property Couch!

 

The 7ft tall talent gives us insights into the world of NBA (and what it’s literally like to break a leg in his first game with the Cleveland Cavaliers this year), how he set up his investment portfolio and what’s in store after basketball:

  • Firstly, how on earth did this internationally known sports star end up on The Couch?
  • What’s life like as an NBA player?
  • What do the financial future and investment mindset really look like for most NBA players?
  • His experience with some of the Financial “Snakes” out there
  • Why is an NBA player interested in suburb development and gentrification?
  • Investing in supercars and commercial properties
  • How important are trust funds?
  • How was money spoken of when Andrew was a kid — did this shape how he sees his future?
  • Aside from the hype, what does an NBA schedule really look like?
  • Let’s be rule: who is the best player in the league?

 

Oh and (we had to ask) … where does Andrew store his Championship ring?

 

Also, Andrew did a walk through our office … hilarious to see the size difference, even for our tallest members.

The Stig (hiding from the spotlight in true Stiggy style) didn’t stand a chance!

 

 

 

 

 

 

Episode 134 | From The Screaming Jets to Rock-tioneer! How this 90’s Music Icon went from Playing the Drums to Building a Property Portfolio – Chat with Craig “Rosie” Rosevear

Alright folks: what does the drummer from The Screaming Jets and property investment have in common?

Craig “Rosie” Rosevear!

That’s right—on The Couch today, the man behind the drums of one of Australia’ legendary bands explains how he used his royalties to break into the property market and transformed his touring days into a growing property portfolio and now, a charismatic, auctioning career! Yep. Aside from being the Founder of Rock Your Future and the owner of Rosie’s School of Rock—where he and his wife, Belinda, motivate and educate young people to be confident in both music and life—Craig is also an auctioneer at Cooley Auctions, winner of the Newcastle Heat of the Real Estate Institute of NSW Auctioneering Competition and a property investor with a knack for DIY renovating!

 

No stranger to hard work, Craig explains:

  • Firstly, what life is really like as a rock star!
  • How invaluable a good work ethic is, and how he managed to maintain it, despite fame and, well, being a rock star
  • Why he used his royalties to buy his first investment property
  • What he discovered about investing with equity that changed his way of thinking
  • How he became a borderless investor in Melbourne, Brisbane and Sydney
  • Ways to get around Sydney’s Housing Affordability
  • First Home Buyer mistakes and DIY renovation tips
  • How he got into auctioneering (it has something to do with Episode 121 with Damien Cooley)
  • The similarities between being a rock star & an auctioneer (“Rocktioneer”)
  • Investing in Newcastle, NSW
  • Things buyers should do at an auction
  • Business acumen tips from rock band KISS (!)

 

And (we had to ask), what is Craig’s “go to” rock star story? The unexpected, sneak peek into what Muso life was like …

He tells us right at the end—of course he did.

What an absolute pleasure!

 

 

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

×