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Episode 182 | Everything You Need To Know About How To Value Your Property – Chat with Greville Pabst

Folks, we’re LIVE from the Melbourne Property Buyer Expo this episode!
AND we’re with very special guest, Greville Pabst, licensed property valuer, and Executive Chairman of WBP Group (One of the biggest property valuation companies in Australia) — and yep, he was also a guest judge on The Block!)

Not only that, Greville’s also purchased and valued thousands of properties on behalf of his clients, at auction or by private treaty, and (the best bit!)… his team inspects  800 properties per day … so he knows EXACTLY how much you should pay for your property!

AND guess what? He dishes out the nuggets for you today! So much so, this episode just flew and we ran out of time to ask Greville everything we wanted to ask… (We’ll get him back on though. Too much gold there not to share! So if you’ve got anything you want us to ask him, let us know here.)

 

Before we dive straight in to the gold you’ll absorb today, quick reminder, about our Free LIVE Webinar coming out:

FREE WEBINAR: 7 Deadly Sins of Building a Property Portfolio.

Thursday 9th August, 2018 @ 7:30PM AEST
(You’ll get two EXTRA bonuses just for registering.)

What you’ll learn…

  • The 7 Deadly Sins (which will destroy your wealth)
  • The Five Stages of the Portfolio Building journey
  • Best Practices for an experienced investor
  • How to Optimise your Loan
  • Answer your Questions Live
  • Get Heaps of Bonuses

… PLUS plenty of Free Bonuses!

Just a heads up: This is a LIVE Webinar and won’t be made available on our website, sorry folks!

LIMITED SEATS – Reserve Your Seat Now

 

 

Back to today’s ep, what do you need to know about how to value your property?

 

 

 

Episode 180 | Building A Portfolio in a Changing Market – LIVE Q & A in Melbourne

The Australian property market collapsing. Housing market under the pump. Melbourne’s property downfall. House sales hit new low…

… folks, with headlines like these, we may as well call it a day, bid you farewell in a foreign language like old times, and exchange the ol’ investor returns for an earlier-than-planned retirement!

Wait, why would we say such a thing?

Well, you might’ve noticed — the market’s corrected and it’s making a LOT of folks out there nervous! And why shouldn’t it?

You don’t want to fork out the big bucks (probably the most you’ve ever spent) on a property that’s going to end in little-to-no return come market crash, right? Not to mention, you don’t want this said “investment” to wind up in an economic tsunami, which by the way, WILL happen when life follows the fate of a catchy news headline.

So… is that what’s really what’s happening here? Is the market seriously “bottoming out”… because, as far as we see it folks, we’re sitting pretty happy where we are!

BUT for the record folks, there ARE things you need to keep in mind come a market correction (whether you’re a current investor or just getting started)… so, what do you need to know?

We shared all of the exclusive hacks and current market news in our Melbourne LIVE Podcast last week… and we’re bringing the love to you right now!

 

Before we get into what you can expect out of today’s show, just a few quick shout-outs…

Are you coming to see us at the Melbourne Property Buyer’s Expo??

GET YOUR FREE TICKET NOW – Listener Discount Code: COUCH

Yep, if you want to learn heaps more about property investing, meet us and leave your wallet at home (in other words: spend ZERO money)… you should come and see us at the Melbourne Property Buyers Expo!

  • Saturday, 12:30 PM – Ben on How to achieve financial peace with five properties or less!
  • Saturday, 2:30 PM – The Property Couch with Greville Prabst, Executive Chairman of WBP Property Group and Judge on Nine Network’s The Block.
  • Sunday, 10:00 AM – Special Length Masterclass – Ben and Bryce with Special Guest to talk about Buying your First Home / Investment Property
  • Sunday, 12:30 PM – Bryce on 7 Ways to Build a Property Portfolio in a Changing Market
  • >> Learn more about each of the session here!

And…

 

Property Investors Council of Australia (PICA) is COMING TO YOU. Well, provided you live in Melbourne or Sydney! Meet and Greet includes a Q&A Session followed by a brief networking session. And old mate (and Chair of PICA) Ben Kingsley will be hosting!

Meet and Greet Sydney
Thursday 12 July 6:45PM – 8:30PM
GET FREE SYDNEY TICKET: PICA’s Meet and Greet

Meet and Greet Melbourne
Thursday 19 July 6:00PM – 8:00PM
GET FREE MELBOURNE TICKET: PICA’s Meet and Greet

 

BACK TO TODAY’S SHOW… What’s behind the headlines??

 

 

 

Episode 178 | Q & A : Is that 4th Bedroom Such a Good Idea? APRA’s Affect on Credit Cards & What’s The Secret to a Career in Property Investment?

If you’ve got a question about investing in property, then it’s in your best interests to listen to this episode!

Why? Because it’s our favourite day, folks… Q & A Day! And, not only is today just a couple of days away from the end of Financial Year, but also we’ve got some new, timely SpeakPipe Questions to answer! Which means … 1. It’s probably a bit too late to get your Depreciation Schedule into your accountant, BUT 2. You’re in for a high-powered learning session!

This Q & A is great for folks who…

  • Want to know how APRA’s regulations have impacted your ability to get a loan AND a credit card?
  • Are you seriously interested in getting a career in property investing and want to how to land a job?
  • Aren’t sure what tenants are REALLY looking for in your area, but want to maximise your returns?
  • Thinking about renovating tips, but don’t know if you should add a bedroom or where to put the toilet?
  • Wondering if it’s a good idea to live in your property BEFORE you rent it out?

 

So if this sounds like you, you better strap your headphones in!

 

But, as routine has it, before we tell you EXACTLY what the questions are that’ll give you all this invaluable information, we’ve got some housekeeping to get out of the way, like…

Our Melbourne LIVE Podcast has SOLD OUT!!!

We even did a dance about it! WATCH OUR FLOSS DANCE!

Yep, it’s true, folks! But if you’re lucky, another local listener might have something come up on the night, so you COULD land their ticket. CLICK HERE if you’re keen to join the waitlist, or find out more details.

 

We’re hiring!!!

Our company is currently looking for new members, so if you’re qualified, passionate and prepared to do what it takes to help other people, we’re looking for:

Interested? Send in your Resume and Cover Letter to info@thepropertycouch.com.au

 

We want your Money Hacks

If you’ve got a great Savings Tip or a way to make your dollar go that extra mile, we want to know about it! Let us know here.
If you have implemented the Money Smarts System where do you feel most vulnerable? Let us know here.
If you want to be a Case Study and you’d like to know how Money SMARTS can help you, let you know. Let us know here.

Remember to leave us your SpeakPipe Questions.

 

Question about Ideal Rooms and Features of Investment Properties from Joel:

Hey Bryce, Ben and Stiggy. My name’s Joel, from Adelaide. The question I’d like to ask is what kind of rooms and features do Australia’s want in the rental market at the moment? The property I’m looking at the moment is a 3BDR, open living area & a large home entertainment, or cinema, room. Now, looking at the plans, I’d probably convert that room to a bedroom, add some wardrobes, because it’s quite large, but I don’t know what other Australians would want. So I’d live there for a couple of years before renting it out, but I don’t know what Australian’s would prefer another bedroom, or that extra room for activities and stuff like that? Any input would be great, thanks!

Have a Similar Question? These Episodes will also help:

 

Question about Bank Assessment of Loans from Matt:

Hey guys, Matt from Canberra … via sunny London here! First up I can tell you our architecture and Land Tax in Canberra is just to make sure not too many of you and the other Capitals turn off the Hume Highway and discover Australia’s best kept secret. So thanks very much for helping to keep our secret safe there! My question is about the banks and them having to assess us against increasingly restrictive assessment criteria. But do they have to do that when they are looking at non-mortgage lending criteria? The Money SMARTS System works best with a nice, big credit limit with maximum interest free days and there’s sometimes great deals on car loans that are cheaper than the interest savings on our offsets this is often still with APRA regulated providers. But do they only assess you against the lending criteria for the lowest common denominator, essentially, when you’re applying for a mortgage vs non mortgage finance? Do they have to assess you for the same criteria with their other products? Thanks so much guys for everything you do!

Have a Similar Question These Episodes will also help:

 

Question about getting into a career as a Buyers Agent and Property Investment Advisor from Francis:

I know that this topic has been touched on in the past but I would love to hear Ben and Bryce give a few pointers to people (like myself) wanting to make a career in property investment, Buyers Agents and financial planning. In my case, I have done the REIQ (QLD) registration course but wondering if I need to complete the full license? Also, if I want to help people buy property in every state and territory in Australia, do I need to go and complete that course for each and every state / territory to become registered, or does the buyers agency take on that responsibility? Other than the QPIA course, are there any other ways to learn the industry while still working, so that people can transition into their new career relatively seamlessly? I just thought I would send this to support my recorded message and give a little more context to the question. Thanks again for everything you are doing!

Have a Similar Question These will also help:

 

P.S. Have you cut a full lap of The Property Couch yet? If not, and you’re too strapped for time, just make sure you MUST WATCH the first 20 episodes. Because they are FOUNDATIONAL episodes.

CLICK HERE to listen to our very first Episode

 

 

Episode 173 | Q & A – The BATTLE ROUND: “This” vs “That”

It’s a “BATTLE ROUND” Q & A Day, folks!!

In other words… This vs That.

Yep. After 4 solid weeks of some seriously special guests interviews — starting with Alan Oster and ending with Stuart Wemyss — we’re finally in the ring for a good ol’ Q & A Session!

The Battle Round includes…

 

Resources to help if you’re battling a decision right now…

Demand vs Supply…

 

But before we hear the crowd roar (Stig stay silent) as we battle it out…

… we need YOUR answers!!!

For our brand new book coming out, we want to help as many Aussies as we possibly can!! So before we put the sprinkles on the icing of the cake/book… can you help us out?? (Especially if you’ve implemented The Money SMARTS System!)

  • What are your “Money Temptations”?
  • Where do you feel tempted to deviate with the Money SMARTS System?
  • What do you struggle most to manage with money?

TELL US your Money Temptations here.

 

And finally, don’t agree with Labor’s policy on Negative Gearing? Sign the PICA Petition here.

 

Question from Mal:

My question to you is about growth, and buying either into the Melbourne and Brisbane markets given their different position at the moment in the property market. If you had $650K to spend, in terms of growth on a house would you buy a smaller property further out of Melbourne or a larger property closer in Brisbane? With a buy and hold strategy of 15 – 20 years. Thanks, looking forward to hearing your thoughts.

 

Question about Costs vs Gains from Jennifer:

Hey Ben and Bryce. I’m a huge fan of your podcast and The Armchair Guide to Property Investing, and am very much looking forward to your new book. I’ve recently read another finance book, and their recommendation was that investing for the long term wasn’t a good investment because, although property prices do almost always increase, the costs associated with property investment like interest, property management fees, repairs and renovations are so high that it makes for a poor investment. And you’d likely get a better return with something like a shares portfolio. I’d just like to know your thoughts. Thank you.

 

Question about House vs Beach Apartment form Dennis:

Hi Bryce and Ben, my name is Dennis, living in Melbourne with my fiancée, in our early 30s. We are fans of your podcast, very informative. I have some equity from my family home I co-paid with my parents and after borrowing, our budget is about $500k.

First consideration is a 3 – 4 bedroom house in Ballarat because the Ballarat West Economic Zone is up and coming, aimed to create 9000 jobs.

Second consideration is a 2 bedroom beachfront apartment within 10 min of Apollo Bay/Lorne central area. We plan to rent it out as an Airbnb?, however our concern is the long vacancy periods during the colder months. What are your thoughts on both options? Which is a better first investment property? We are looking to hold it long term, unlikely to sell within 5 years.

 

Question from Steve:

Hi guys, my question is, “When do you know when the right time is to sell in an area?” Like they say in the stock market, no one rings a bell at the top … and I wouldn’t expect to be able to pick the top… but how do you decide when is the best time to sell? Is it data driven? Where yields are low and it’s had years of growth and now there isn’t as much affordability when mortgages are say 40% of the average income loan? Or is more of a sentiment-driven thing where the market’s now too crazy … people are bidding way over reserve, so you should just sell into that? The reason I’m asking is because I bought a Gold Coast 4×2 house for $350K in 2014, worth around $420K now, and at some stage the Goldy’s run will end and it will level out and this may be one earmark to sell. I mean, it’s very easy to look back and chart the price growth to see where you ”shoulda, coulda, woulda” sold; but it’s much more difficult when you’re in the middle of it. I think Geelong and Hobart are good examples of strong markets now. And they’d be optimal studies to see when would be a good time to sell into. I worked in Perth for 10 years, go the Dockers and (more footy talk!)

 

 

 

Episode 171 | John Lindeman’s Boom and Cash Flow Predictions

Want to know where the booms are predicted to happen? How about the property markets where you can target cash flow positive properties?

Joining us today, folks, is John Lindeman, Director of Property Power Partners and researcher and educator for the 7steps2success on-line property education program who has spent well over 15 years professionally researching the housing market, and let’s be honest, is the thought-leader who can teach you how to use property market research to predict your investment returns! With a couple of best-selling books up his sleeve — Mastering the Australian Housing Market and Unlocking the Property Market— and a regular contributor to Your Investment Property Magazine and numerous other media outlets, John’s definitely got some solid gold to dish out for you!

He and Ben are also speaking at his FREE event John Lindeman’s Boom and Cash Flow Prediction in Melbourne on May 16 if you’re interested in coming along. Just click here to reserve your seat.

 

Today’s rundown:

 

And a bit more housekeeping …

We’ve figured out the name of our BRAND NEW BOOK on Money Management… but we want to make a game of it before we tell you! So, if you think you can have a crack at what the title our new book will be — or you’ve got a clever title of your own (it’s gotta be money management related) — let us know! The titles we read out on the podcast will be the very first people to score a FREE copy of our book (once it’s published, of course).

AND, if you’ve implemented the Money Smarts System and it’s helped you, and you want to be a part of our brand new book, please tell us your story!!

… Wait, one more thing…

Got a “Money Hack”? We want to know all about it!! 

 

p.s. Looking for John Lindeman’s Books? Here are the links:

 

 

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