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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!

 

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 114 (Part 2) | How One Punch Turned Into A Property Empire – Chat with Brad Teal, Director of Brad Teal Real Estate

Following on from Part One, the second part with Brad Teal focused on Victoria’s new underquoting laws that came into effect on the 1st May 2017. For those new to the real estate industry, underquoting as defined by the Consumer Affairs of Victoria is: Underquoting can occur when a property is advertised at a price that is less than the estimated selling price, the seller’s asking price, or at a price already rejected by the seller. You can learn more about this new regulation here.

So for this part, the three of them discussed:

  • How was this new underquoting law introduced and the logic behind it
  • What changes will the new regulation impose on the real estate industry and will it be introduced to the other states
  • Traits of a good selling agent and the research that a vendor can conduct
  • The different demands on certain property type in different market
  • What does he think about the buy and hold strategy
  • What success mean to him

 

ps: And if you are interested in Ben’s “Did You Know” Facts, click here.

If you like this podcast: “How One Punch Turned Into A Property Empire – Chat with Brad Teal, Director of Brad Teal Real Estate”, 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 114 (Part 1) | How One Punch Turned Into A Property Empire – Chat with Brad Teal, Director of Brad Teal Real Estate

The last episode of our Elite Agent Series is with Brad Teal, Director and Founder of Brad Teal Real Estate! Born and raised in Melbourne’s north-west coupled with more than 40 years of experience in the real estate industry, Brad’s understanding of the real estate market, property trends in the area and local facilities and amenities is second to none. And how did he build up his property empire? It all started with a punch in the face! Find out more on today’s podcast.

For the first part of this episode, Bryce, Ben and Brad also chat about:

  • How Melbourne’s north-west has changed over the years and the gentrification that had happened
  • What are considered as investment grade assets and why he’s interested in ‘bullet-proof’ properties
  • Setting the right expectation on rental returns and tips to increase yield
  • Is there any investment potential in one bedroom apartments?
  • New vs old apartments and the impact of high-density development on the suburbs
  • Mistakes buyers make at auction
  • Transparency in the buying process
  • Understanding the auction system

 

If you like this podcast: “How One Punch Turned Into A Property Empire – Chat with Brad Teal, Director of Brad Teal Real Estate”, 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 112 | Inside The Mind Of An Elite Agent – Chat with Tim Heavyside, Director of Fletchers

Carrying on with our real estate agent season, today we have another special guest star Tim Heavyside on the show with Bryce and Ben. An award winning Real Estate Agent, Director and Auctioneer for Fletchers Real Estate, Tim has an impressive professional history in this industry dating back 15 years. As a very knowledgeable and personable star on the show, there is no doubt that you will receive some interesting advice and will be listening to some absolute gold in today’s episode.

In this episode Bryce, Ben and Tim talk about the following topics:

  • Tim’s professional background and how he moved on from being a travel agent to Real Estate
  • What motivated him to excel in the industry and his motto in life
  • The skills and traits a vendor should look for when engaging a real estate agent
  • What are the four different scenarios when selling your property
  • Pre-auction offer and which is the best week (or which day of the week!) to offer them
  • Behavioural techniques to employ when buying at an auction
  • The best property advice he’s been given
  • The best property deal he made and why

 

If you like this podcast: “Inside The Mind Of An Elite Agent – Chat with Tim Heavyside, Director of Fletchers”, 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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