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Episode 115 | What Does The 2017 Federal Budget Mean To The Property Market?

What a week! Apologies for the podcast’s downtown earlier this week and thank you to those of you who wrote in to us. We had a system update and things didn’t quite work out as we wanted them to be. That aside, the 2017 Federal Budget has been released just a couple of days ago. So let’s talk about that.

There were a few proposals relating to the affordability issue and a couple more that aims at the property investors pool. But overall, this was not an overly exciting budget. It was a conservative one. Nonetheless, what impact will if have on property owners and the Australian Property Market in general. Some of the issues that Bryce and Ben discussed in today’s episode are:

  • The proposed changes to depreciation deductions for plant and equipment
  • Capital Gains Tax exemption for foreign and temporary tax residents
  • Investors’ travel expenses claims
  • The implementation of First Home Super Saver Scheme and is it a good idea
  • The expanded audit on overseas investors

If you would like to understand more about the 2017 Federal Budget, please check out this link.

We’ve also answered a few questions from:

  • Joel on the First Home Super Saver Scheme: Hi property couch crew! Since the website is down ill throw my question for the next Q&A here. A good one of the younger generation first home buyers as well as parents. My question relates to the announcement of the first home buyers saving scheme announced in the budget, with the tax break through superannuation. Being someone who has been taught in uni and at home by my parents not to touch my super and add extra payments where possible, is this scheme of accessing it for a house deposit reasonable? I see the tax break being a great idea but opening the idea of people taking there super to buy a house they cant save for rings alarm bells for me. Do i have the correct understanding of it all? Would you recommend another way?
  • Leo on property valuation: Hi Ben & Bryce – (and the Stig!), I cannot thank you enough for the endless amount of value that you provide for your listeners. Your content is conversational and easy to understand even for a first-time investor like myself.
    I have a suggestion that may also benefit other listeners. I have recently purchased my first investment at 23 years old. It is an existing (3 bed, brick and tile) property and I am in the process of planning a cosmetic renovation. My question is – When refinancing against an existing asset, do all property valuers have a set agenda when valuing your property? Since all valuers will have a different opinion on price, is there a similar set of factors they look at? (i.e Condition of kitchen, bathroom, flooring etc) – going on from this, Is there ways you can make your property more appealing to a valuer in order to gain a higher valuation to leverage onto the next investment? Thanks alot guys – I appreciate your work!
  • Derek on bookkeeping for investors: Something that isn’t as widely discussed in the field of real estate is book keeping. You guys mention the need to spend 10 hours or so per year to review each property in a portfolio. Can you dive into greater detail as to what exactly this entails? What sort of information do we need to keep track of and is that done through spreadsheets or specific software?

 

If you like this episode (What Does The 2017 Federal Budget Mean To The Property Market?), don’t forget to rate us on 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 111 | Q&A – Borderless Investing, Loan Redraw, Suburb Demographic and more

Can’t believe it has been 11 weeks since our last Q&A! We’ve got quite a line-up of great guests on the show for the past couple of months so for today’s podcast, we will be doing a Q&A instead. Thanks for sending in your question and Bryce and Ben will be answering questions from:

 

  • Bernard on Borderless Investing: I love your show; it’s really given me a different perspective from some other property educators, and it’s one of these differences which gives rise to the following issue. You speak a lot about being a borderless investor and buying quality assets in those locations where the market is in the right stage of the cycle. At the moment, this might mean Brisbane or Hobart or Adelaide or wherever. That’s all good. You are also clear that Sydney and Melbourne are the places which will grow most long term. That’s all good too. If I’m only going to buy 4-5 properties to secure my retirement though, as you advocate in your book, I certainly want to be buying the best long-term performers that I can. I know that done well, I can make good money doing this in smaller markets, but long term I wouldn’t expect to do as well as in the larger metropolises.

If I was buying ten houses, I could carry some weaker assets, but with four it’s obviously vital to get them right. How would you advise someone who already owned a couple of (hopefully!) well-selected properties in Brisbane or Adelaide or wherever who was able to re-invest? Should they hold off, build up a bit of equity and increase their cash buffer before looking at Sydney or Melbourne when the heat has come off there? Or would you suggest buying again and taking the risk that they will never get into the larger markets?

  • Alisdair on Loan Redraw Facilities: Can we have a finance expert tax expert come on the podcast? I have a loan where I have paid in extra to the redraw, not offset. I had a strategy to break the loan and refix for a few reasons. The rate is significantly lower. I’m hoping I can claim the break fees as a cost, reducing their effect. Also I want to pay my interest out of the redraw. Can this be done? I feel the break fees are permitted, but the part where I pay interest from the redraw seems an impossible dream due to a mixed purpose loan affect and that the ATO considers it tax avoidance. Any guidance in this matter?
  • Lakhwinder on Location Research: I have been listening to your podcasts while driving, thank you so much for such a priceless info you share with us. I recently started my property investment journey bought new house in Western Sydney to get government benefits and bought two investment properties in Loganlea after rezoning, after listening to your podcasts I realised I didn’t apply most of the filters you guys talked about. Both my properties are over the median price of suburb. Both are over 6% yield so not that painful to hold.

First investment property 3bed 2 bath 2 living areas 800msq with pool for $400k. Second 4beds 2baths 800msqr $380k. Westen Sydney property (owner occupier)did great, bought in end of 2014

By June 2016 property revalued at $150k more without landscaping done.I know you guys talked about Brisbane few times but it will be great to listen what you think about logan area and recent rezoning of Loganlea. Questions:- is it ok pay higher price for the properties (houses)that fall within the high-medium density or residential core for a future land bank?

  • Clayton on buying off the plan properties: Hi, I would LOVE to get your opinion on buying off the plan properties and what to look out for. This course of action has been put forward by a mortgage broker/real estate developer in Brisbane who will benefit from both the commission on the mortgage and the property itself (they have openly disclosed this). The property will be an investment and NOT my PPR. Love the show and keep up the good work.

 

If you like this Q&A episode (Borderless Investing, Loan Redraw, Suburb Demographic and more), don’t forget to rate us on 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/

Bonusisode | Chat between TPC and Real Estate Talk – Why I love property?

Bryce recently appeared on our good friend, Kevin Turner’s podcast, Real Estate Talk and we thought it would be a good idea to share it with you guys! If you haven’t check it out yet, tune in to Kevin’s podcast for some great quality property investment news, tips and strategy from Australia’s Top Property Experts and more. In this Bonusisode, Bryce and Kevin will be chatting about:

  • Why Bryce chose property out of all the asset classes out there
  • What motivated him to start investing in property
  • His first property and the mistakes he had made in the early years
  • The awareness on property investing and level of resources out there for investors
  • Best advice for someone who’s thinking about starting an investment property portfolio

 

 

If you like this podcast: “Chat between TPC and Real Estate Talk – Why I love property?”, don’t forget to rate us on 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 110 (Part 2) | Meet Frank from The Block! – Chat with Frank Valentic, Director of Advantage Property Consulting

Carrying on from Part One, here’s the second instalment of Episode 110 featuring one of Australia’s most renowned Buyer’s Agents, Frank Valentic on the couch today with Bryce and Ben. Now, let’s get into it straight away! For Part Two, the guys will be chatting about:

  • Factors to consider when researching a location ie gentrification, schooling, lifestyle and more
  • Scarcity in property and what type of properties he invests in
  • Some of the common mistakes buyers make when buying a property
  • Tips and cautions to know when buying interstate
  • Land tax in Victoria
  • How to act at an auction and tips for when you’re bidding

 

And so much more! And of course, make sure you don’t miss out on Bryce’s Life Hack and Ben’s Did you Know segments this week to end another brilliant and informative chat with another special guest.

If you like this podcast: “Meet Frank from The Block! – Chat with Frank Valentic, Director of Advantage Property Consulting”, don’t forget to rate us on 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 110 (Part 1) | Meet Frank from The Block! – Chat with Frank Valentic, Director of Advantage Property Consulting

To carry on our Real Estate Agent series, we have Frank Valentic for this 2-part episode! Household name and Director of Advantage Property Consulting, Frank often appears on the TV series The Block, helping his buyers snatch up a few properties on auction day! He joins Bryce and Ben today to give you all an insight into his world of being one of Australia’s leading Buyer’s Agents. In part one, we listen to Bryce, Ben and Frank discuss the following topics and more:

  • How he got into his first property back in 1995 and started his portfolio
  • Frank’s professional background and how he went from semi-professional soccer player, to P.E Teacher, to a Buyer’s Agent
  • How did he research for properties back when he just started and how it has changed since then
  • His mentor in life
  • What his motivations are for being successful in the buyers agent field
  • Where to get off market properties and are they always a great investment
  • What are the due diligence to be done prior to purchasing an investment property
  • Tips for first home buyers looking to get into the market

 

Make sure to listen to the whole of this part to learn even more tips and information. And of course stay tuned for part 2 so you don’t miss out on all of the absolute gold discussed in this week’s episode.

If you like this podcast: “Meet Frank from The Block! – Chat with Frank Valentic, Director of Advantage Property Consulting”, don’t forget to rate us on 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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