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Episode 128 | How a Country Boy Went From a Butcher to Property Success – Chat with Duncan McPherson, Director of Nelson Alexander

That’s right guys. Duncan McPherson, Director at Nelson Alexander (also a successful property consultant, auctioneer, founder of Nelson Alexander Charitable Foundation and a property investor himself) started his roots in a small country town as, well, a butcher. Yep—his story is absolutely a white-butcher’s-coat to wealth-building-creation!

Duncan is a family man, centred on honest and committed customer service, who has built his riches on sharing what he knows and paying it forward, giving almost $2.5 million dollars to local charities in the process.

On the couch to share his wisdom, humbleness and good humour with the boys, Duncan explains:

  • How he came to Melbourne as a butcher and ended up as highly-successful real estate figure
  • Why one man in a black BMW, a shiny suit and a bad attitude was likely the catalysis for his career change
  • How Nelson Alexander, since 1971, has transformed the face of real estate services, especially in the Northern suburbs
  • How he approaches property investment with 20+ years’ experience
  • What are his criteria for a successful asset selection?
  • Which one is a “better” investment: a house or a townhouse?
  • What “buying land and airspace” means and how you can value from it
  • What is “The Beef Wellington” to add value to your property?
  • What to look for in a quality real estate agent and how to outsmart them
  • How many off-market properties exist without you even knowing they’re For Sale? (Hint: it’s more than you think!)
  • The inevitability of housing affordability—has it always been tough breaking into the market?
  • When will he consider buying a property with someone else?
  • What he looks for in an investment property and what always impresses him
  • The mentors who have changed and continue to change his life.

 

We really, really think you’ll benefit from this one guys. It’s one thing to hear tips from the best in the business; but another thing entirely to hear it from someone who made it there from the humblest of beginnings!

 

PS: Hear your own voice on the podcast by dropping us a Voicemail! Simply click on the long orange button on the right-hand-side of your screen J

LocationScore: You can access it here. (And don’t forget to use this code: TPC20. Valid till 19th August 2017)

 

Episode 127 | What’s Happening In The Property Market? – Chat with Nerida Conisbee, Chief Economist at REA Group

Happy AWE-GUEST! Yep, the month of “Awe-guest” — it’s a little bit witty isn’t it 🙂 — means only awesome things because we are releasing 2 EPISODES A WEEK WITH THE MOST AWESOME GUESTS for the entire month!

To kick start Awe-guest, we are stoked to announce Nerida Conisbee, Chief Economist at REA Group is here for the second time — you can listen to her first episode on which market to invest in 2017 here. With more than 20 years’ experience in property research throughout Asia Pacific, Nerida is THE professional to talk to when it comes to the economy and market conditions!

Sharing what she knows best with Bryce and Ben, Nerida and the boys cover:

  • How the cyclical conditions in Tasmania will effect property investors
  • What the changes are to foreign investment and how the effect our economy and your investing
  • How the USA’s economic growth is affecting the current Australian dollar on the Trade Weighted Index
  • Where Chinese buyers are choosing to invest and how it’s affecting the Sydney boom
  • What other long term affordability solutions out there
  • Whether or not rates will increase for homebuyers
  • What the banks will do if (when) the interest rate on mortgage loans increases
  • How interest rates and unemployment levels correlate with demand in a market
  • How to look at investment in Brisbane and the gentrification in Adelaide
  • What the “expectation problem” in Melbourne is and how to use it to your advantage
  • How to break into the market without huge levels of debt
  • What’s the current outlook is for Perth, Adelaide, Canberra and Darwin markets

 

Remember: We have a NEW Voicemail widget (the microphone on the right side of your screen) so you can leave us a recorded message that we will play on our Q&A! It’s a happy Awe-guest indeed!

And here’s the link to all the resources mentioned in today’s show:

  • CoreLogic’s latest report on Capital Gains Trend – Read here
  • Bryce’s appearance on ABC 7.30 on Housing Affordability (21-minute mark) – Watch here
  • The Code of The Extraordinary Mind by Vishen Lakhiani – Find out more
  • The 5C’s Lenders look at to Approve your Loan – Watch here

 

If you like this podcast: “What’s Happening In The Property Market with Nerida Connisbee, Chief Economist at REA Group”, 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: New Topics

Episode 126 | Q & A-ccounting with Frank Azzopardi—Tax Deduction, Capital Gains Tax, Land Tax and Aussie Expats

Alright folks! It’s Q & “Accounting” time! Yep, on the couch today we’re talking all things tax! Here to help us wade through the grey area is Frank Azzopardi from our friends (and accountants) at YK Partners. If the name sounds familiar, it’s because Frank joined us back at Episode 48!

So, we’ve received a couch-load of questions about tax lately, and quite the few of you have these questions because you’ve “temporarily departed” overseas—you’re Aussie Expats working in another country, but investing in properties back here. And as you know, this can be quite the pickle for tax purposes!

(The rest of you simply want to know what you can and can’t claim. Fair enough.)

Trying not to number-crunch the neurotransmitters in your brain, here are what B1 & B2 + Frank discuss:

  • Is there a tax-free threshold when you live overseas?
  • What is a Double Tax Agreement and what does it mean for you?
  • How does foreign tax credit work?
  • How do you offset tax loses?
  • Tax Talking, What’s the difference between a PPOR and an IP?
  • Can you claim tax on Lenders Mortgage Insurance (LMI)?
  • What really constitutes “Repair” or “Capital Improvement”?
  • Can you negatively gear a property as an expat?
  • What is the “6 Year Rule” of Capital Gains Tax?
  • Can you avoid Capital Gains Tax?
  • What’s the risk of loan in two people’s names (joint ventures)?
  • What’s the tax cut for your kids when they inherit your property?

 

Some of the helpful resources mentioned today are:

 

And… The questions discussed are:

 

From Andrea

“First of all I am loving the podcasts. I listen to them over and over. Secondly, as an Australian expat, living overseas long term but preferring to invest my money back home in Australia, are you able to do a podcast directed at Aussie expats wanting to invest back home but are not sure how to go about it? If you could talk about it or bring someone in? If you could talk about things Aussie expats need to be aware of ie—the different rules that apply regarding capital gains; tax depreciation; tax credits; services expats can employ to assist with the fact we can’t make a trip every week to attend viewings and sign papers. Having bought 4 places in the last few years, I have not completed my PIPA education yet—I am nervous about giving too much advice. Thanks and keep up the good work. I’ll be ready to buy again soon so will likely be in touch for assistance in this.”

 

From Salim:

“Hi Guys. I listen your podcast regularly and leaning a lot!! I have a question and have been searching for the answer for a while; but no luck so far (asked same questions to few accountants but all of them have different opinions)! I bought an investment property last year in Melbourne in July 2016 (that time I was living and working in Sydney) but very soon, I am moving to Melbourne and am living in my investment property as principal residence.
1. I paid around $7500 as LMI. Can I claim this for tax deduction?
2. Can I offset the interest in my Tax?
Any help would be greatly appreciated!! Look forward for your resonance. Thanks.”

 

From Nick:

“Hi guys! Really enjoy the podcast—you have both helped reshape my approach to property investment and I’m currently in the process of developing an investment strategy that suits the specific circumstances of my partner and I, rather than rushing into the often-scary Sydney market.
We’re a couple currently renting in Sydney with a combined income of over $220,000/year, around $80,000 sitting in the bank, no kids at the moment (but probably will within the next 2 years); and we’d like to get our foot in the door of the property market. One challenge we face is a high likelihood of moving overseas for work within the next 5 years. If we buy as owner/occupiers we’ll be looking at 2 bedroom apartments in the medium-priced suburbs of Sydney – right at the limit of our purchasing means. Should we move overseas for work, my understanding is that we won’t be able to negatively gear the property (since our income tax will be overseas). It does appear that some other countries have negative-gearing policies, although it’s not clear whether losses incurred from overseas investments are eligible and the rules differ from country to country. My feeling is that stretching to buy an apartment in Sydney for ourselves now could force us to sell early if we move overseas and the repayments are strongly outweighing the rental income—not a situation we want to be in.
If we instead look at rent-vesting and aim for a cheaper investment property in a growth location somewhere outside of Sydney, with a path to getting it positively geared in the short-term, this seems like a lower risk strategy that still gets us a start on our journey to a property portfolio. I’m hoping the principles you talk about have sunk in a bit and I’d love to hear if you think I’m on the right track.
I think our situation is quite common for a lot of young professionals. What tips can you give from both a tax and property selection point of view to the many Australians working overseas or planning to work overseas, who still want to invest in the Australian property market and start building a passive income for their futures?

 

From James:

“Hi Ben & Bryce. With the strategy of accumulating 3–5 good capital growth properties and potentially selling 1–2 in the long term future upon retirement, would we not be best to (if possible) move into each property for minimum of 12 months to avoid capital gains tax when the properties are sold? Thanks for such a valuable podcast I always listen to each episode a couple of times a week. Regard, James

 

From Simon:

“Boys. Love the book and am now an avid listener to your podcast each week. I have a land tax question for your next Q&A session that no one can seem to give me a clear cut answer.
My wife and I have a PPOR (Newcastle), as well as one current investment property also in Newcastle. Recently we have just purchased an apartment off the plan which is not due to be completed until late 2018 at the earliest.
Currently all three properties are in both our names—50/50 share.
My question is regarding NSW land tax which the 2017 threshold is approximately $549k. (Lets just say $550k for ease of rounding off)
Does this mean that as a couple we have a combined threshold of $1.1 million or despite having two people owning these properties do we still have to come under the $550k to avoid land tax as a couple?
If the latter is the case, what is the best way to minimise our exposure to paying land tax if we wanted to continue to purchase investment properties in NSW? Should our next purchases be in separate names?
Thanks for your help. Simon.”

 

If you like this podcast: “Q & A-ccounting with Frank Azzopardi—Tax Deduction, Capital Gains Tax, Land Tax and Aussie Expats”, 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: New Topics

Episode 125 (Part 2) | Everything You Need To Know About Picking The Next Hotspot – Chat with Jeremy Sheppard

Did we deliver on the gold in PART ONE?

Jeremy Sheppard, also the Director of Research at Select Residential Property, definitely has a serious knack for data collection and analysis, doesn’t he? (Side note: he actually calls himself the “property-data Nutcase”. Yep.)

Chasing the tail of Part One, PART TWO unpacks the remaining 3 of the 8 fundamental indicators that affect demand and supply.

The last 3 are:

  1. Vendor Discount
  2. Rental Yield
  3. Renters versus owner-occupiers

 

Yep. Did we warn you that this episode could be quite overwhelming? Stay with us.

It’s been no secret that we’ve been waiting A LONG TIME to share this episode with you because … LocationScore is finally live!!

 

So, what is LocationScore?

Jeremy met with The Property Couch’s Bryce and Ben back in 2016 and that led to their creation of this online property research tool.

All of the indicators you hear mentioned in this episode are exactly what LocationScore’s algorithm measures! They are the tools that sniff out supply and demand levels of all across the country, changing the face of Capital Growth, and investing, forever!

So, what if we could tell you the suburbs—right down to the specifics of houses and units—that are saturated in scarcity, landing you the BETTER LOCATIONS to increase your chances of making real returns in the long term?

This is what LocationScore, pioneered by Jeremy, Ben and Bryce, has been designed to do for you.

These indicators are the wires that power LocationScore. And with over 15,000 suburbs in the Australian market, Jeremy, Ben and Bryce continue to untangle them for you, hoping to fix the headache of finding investment grade suburbs and, in turn, crucial asset selection.

Let’s be honest: there’s obviously a lot to tell you.

We hope you like this one guys!

 

Resources mentioned in this podcast:

If you like this podcast: “Everything You Need To Know About Picking The Next Hotspot – Chat with Jeremy Sheppard”, 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: New Topics

Episode 125 (Part 1) | Everything You Need To Know About Picking The Next Hotspot – Chat with Jeremy Sheppard

We’ve been building this one up a bit haven’t we? But TODAY is the day we’ve got Jeremy Sheppard on the couch! Jeremy—himself an investor with 16 properties in his own portfolio—explains his years of passion in data collection, analysis and research into the levels of supply and demand (across every market and 15,000 suburbs in Australia). This passion pioneered the DSR Formula and the inception of DSRData.com.au.

 

How it works (nutshell):

Supply and demand are the only things that affect the future price of any good. If you know the exact level of supply and demand in a market, you can roughly predict its capital growth direction—up or down/making you money, or not.

But how do you identify the level, and how can specific variables influence the market’s movement?

 

There are 8 proven indicators that measures EXACTLY WHERE demand exceeds supply, honing in on where the capital growth lives.

And in PART ONE, 5 of the 8 key indicators will be explained by the boys. They are:

  1. Stock on Market
  2. Auction Clearance Rates
  3. Online Search Interest
  4. Days on Market
  5. Vacancy Rate (and how to calculate your own vacancy rate)

 

Just listen. We promise more gold than ever.

 

If you like this podcast: “Everything You Need To Know About Picking The Next Hotspot – Chat with Jeremy Sheppard”, 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: New Topics

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