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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 132 | Josh and Jenna from The Block! New things for this Bickering Couple and their Tiny House Movement in Australia

We’re very excited to announce that Josh & Jenna—who, let’s face it, ditched their surnames after becoming household names on the 2011 series of The Block—have landed, with their 8 week old bubba, Freddie, on the Couch!

The husband and wife duo, also featuring on The Block’s All-Star Series and Reno Rumble, are founders of Melbourne-based interior bicker design. With Josh a qualified plumber and Jenna currently sharing her knowledge and passion at Design School, they are here to chat about all things renovation—and how to make a profit out of it!

We’ll cover quite a few things, folks:

  • What being “the bickering couple on The Block” was really like
  • How it felt to lose at auction
  • The most important tips for renovating
  • How they used the equity in their first home to buy in Melbourne (a city they hadn’t been able to afford until then)
  • What is the end game of buying and renovating in today’s market?
  • Their budget formula for renovations
  • How to invest in Blue Chip areas when you can’t afford it yet
  • The financial benefits of paying a Stylist to “stage your house” before selling
  • Tiny House Movement in Australia: What is it and how will it impact asset selection
  • The future of renovating and what need to know
  • Investing for Airbnb

 

Happy listening (you can hear Freddie in this podcast too, naaw)!

 

Episode 131 | How Did He Turn $4,500 Into A Multi-Million Dollar Property Portfolio?- Chat with Victor Kumar, Partner at Right Property Group

What would you do if you arrived from Fiji to Australia with only $4,500 to your name and little else? Well, that’s exactly what today’s guest, Victor Kumar, Partner at Right Property Group, and his wife did in 1997. And their story is truly extraordinary! Within 1 and a half years in Australia, the radiographers—thanks to reading The Wealthy Barber and Building Wealth Through Investment Property, learning as much as they could about property investment, lots of hard work coupled with a steel determination —had secured their own PPOR as well as 11 investment properties!

Here to explain how he did it, the co-host of Investing Insights with Right Property Group podcast, Victor Kumar, explains:

  • How he chose a mortgage broker to get the loan he was first rejected for
  • Who to take your advice from (aside from Jan Somers and David Chilton)
  • The difference between money and mindset, and why goal setting is crucial:

“The very first thing is: you’ve got to sort out your goals—why you’re doing it and what are you aiming for—before you start the journey. Most people start the journey and then try and get the GPS up-and-running to say we’re they’re going.”

  • Victor’s reason “why” he invests in property—and why it is crucial to know your “why”
  • A simple, easy habit anyone can do to outsmart a spruiker and determine if the property seminar is genuine
  • His investment strategy, how he accumulated such a ginormous portfolio and if he would do it again
  • A few of the mistakes and lessons learnt while building his portfolio (and they’re hilarious!)
  • When to DIY and when to always pay for professional services
  • What factors to consider if you are investing in the outer suburbs?
  • His renovation “Life Hack” and why it’s the most important renovation tip to add value
  • What are the three things that can ruin a property portfolio?
  • How to manage multiple investment properties and the problems with investing in too many properties
  • Special: Victor unpacked an amazing tip at the 55-minute mark. So make sure you don’t miss that!

 

Note: Victor brought enough gold to the couch to create a mining town … let us know if you agree! What to do and what never, ever to do … wooooaaaah, thanks Victor!

 

Some other resources for our fellow listeners:

  • Our chat with Steve Waters back in Episode 42 – Listen here
  • LocationScore’s Launch Offer is expiring this Sunday, 20th August 2017! (Code: TPC20)Check it out here

 

Episode 130 | Stage to Savvy: How this Singer/Actor Built her Own Impressive Portfolio and Without Guaranteed Work – Chat with Rachel Cole

Awe-Guest, for us, is about bringing in experts from all walks of life and we are proud to say that we’ve finally got Rachel Cole on the show! Welcome Rach!!

Rach is an accomplished performer, singer and actor and is currently understudying Miss Honey, Mrs Wormwood and Mrs Phelps on Matilda The Musical (yes, that one), after understudying Nessa Rose in the Australasian tour of WICKED. A young property investor, Rach loves property research, spreadsheet and is very savvy with her spending. Rach also has a Bachelor Degree in Psychology, a quick-witted blog, Stage Door Shrink, and a passion for sharing what she knows about property investing, even when her creative work (read: money) isn’t always guaranteed.

In today’s podcast, she and the boys unfold:

  • How to invest as a young, single woman with intermittent paychecks
  • How a conservative upbringing and 25 cents in pocket money for every year old she was, paid off
  • What things you should never to get a loan for
  • Money SMARTS, how to implement a budget for everything and other ways to save money
  • Why investing in a $100 bike can land you a house deposit
  • The necessity of sacrifice
  • Getting her first investment property without a fixed income
  • How to be a borderless investor and things you need to consider
  • The costs of renovating and how much is too much
  • What you should always ask the “the locals” before you buy in their suburb
  • What research do you need to do to get the best possible returns?
  • When is the only time to buy off the plan?
  • How to act now when you’re circumstances “aren’t right”

 

PLUS you’ll also get to hear an exclusive performance from Rach! Don’t miss out!

 

The Property Couch Christmas Pack

 

Hi all! As promised, here’s The Property Couch Christmas Pack for 2016! Just leave your details above and we’ll send it to you right away.

You should be expecting lots of goodies in this pack such as:

  • Case Study for Single 30-something Investor (How to Build a Property Portfolio to Retire on $2,000 a week in Passive Income)
  • Fact Sheet on Guarantor Loan
  • Presentation Slides (7 Ways to Get Kids on the Property Ladder Sooner)
  • Link to the Population Growth Estimate

And whilst you’re here, check out our New Website… hint, check out the “About Us” page, it is a pretty cool look at how far we’ve come.

Merry Christmas and have a happy and safe New Year!    😎

 

Bryce, Ben and The (TPC) Stig

 

 

 

 

 

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