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Episode 022 | Q&A – Building & Pest Inspection, Rentvesting and Next Wage Growth Hotspot

Its Questions and Answers time! Thanks for all the suggestions on new topics to cover in this podcast. For today’s episode, Bryce Holdaway and Ben Kingsley will be addressing questions from:

  • Building and Pest Inspection question from Mark : How do I find a good quality building and pest inspector and with the property market being so hot with auctions at the moment, how do I ensure I don’t burn through my deposit money when constantly missing out at auctions?  I could end up wasting thousands on inspections until I actually win at auction! Should I try doing it myself and find a friend or family member with some building knowledge or use one of the smartphone apps?
  • Rentvesting question from Ryan : What are your thoughts on the property investor him or herself to buy and live in their own PPR or to rent? Obviously both have advantages, a place to call home or the ability to keep investing with out loosing potential borrowing capacity.
  • Next Wage Growth Hotspot from David : As mentioned on previous podcasts, investors will want to avoid “glass ceilings” in terms of capped wage growth in certain areas.  Given the changing Australian economy (more knowledge-based), are there particular areas of Australia in which you expect to see wage growth occurring?

 

If you would like to access The Property Couch’s media kit, please email us here: info@thepropertycouch.com.au.

 

Resources mentioned in this podcast:

 

If you like this Q&A episode, don’t forget to rate us at 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/

When to Conduct a Building and Pest Inspection?

 

In Episode 22 of this podcast, Bryce and Ben answers some of our listeners’ questions. One of the question is on Building and Pest Inspection; when do you conduct one and how do you make sure you don’t spend all your deposits on these inspections without actually securing the property. At the end of the day, we believe that it is mandatory to have a building and pest inspection done before you sign on the dotted lines because you don’t want to be buying the wrong asset. But the key thing here is to time it well. Bryce Holdaway explains more.

 

 

Bryce Holdaway - Quote of the Day - The Property CouchBryce Holdaway – Partner, Property Advisor & Buyers Agent

As co-host of The Property Couch, Bryce Holdaway is also a partner at Empower Wealth and Co-Host of Relocation Relocation Australia and Location Location Location Australia on Foxtel’s Lifestyle Channel. A qualified Buyers Agent and Financial Planner, Bryce holds a Bachelor of Commerce (Accounting), Real Estate Agent License and Diploma in Financial Services (Financial Planning).

 

What is Rentvesting and Is it for You?

 

In Episode 22 of this podcast, Bryce and Ben answers some of our listeners’ questions. One of the question is on Rentvesting and if it is a good option for property investors.  There are a lot of investors out there who would like to continue renting in an area because they couldn’t afford the properties in that area. But at the same time, that shouldn’t stop their desire to invest their surplus money. How will it work?

 

 

Ben Kingsley - Quote of the Day - The property couch Ben Kingsley – CEO & Founder; Property Investment Analyst and Advisor and current Chair of PIPA

Ben Kingsley is the Founding Director of Empower Wealth and Chair of Property Investment Professionals of Australia (PIPA). A qualified Property Investment Advisor (QPIA), Ben holds a Real Estate Agency License (QLD), a Diploma of Finance and Mortgage Broking Management, a Diploma of Business and has become one of Australia’s leading experts in property investing for wealth creation.

Episode 021 | The Negative Gearing Debate in Australia

The debate on negative gearing and how it impacts the Australian Property Market is ongoing but when the RBA suggested that negative gearing might be up for a review last week, the debate got hotter. This is further fueled by the controversy about property bubble in Sydney and how property investors play a role in it.

Ep 21 The Negative Gearing Debate in Australia - Stamp Duty taxSo this week on The Property Couch, Bryce Holdaway and Ben Kingsley decides to tackle this debate head on and discuss about the history of negative gearing, why some people are against negative gearing and how will it impact our economy if it’s being scrapped off. Start listening to this podcast to learn more.

 

Also, The Property Couch is hoping to get nominated for the Investor’s Choice Award 2015 for the category: Property Educator/Mentor. We would like to spread the word out on the podcast so that we can help more people avoid making bad investment choices and avoid buying the wrong asset. So if you think we are doing a good job, please do nominate us here.

Our details for nomination:InvestorChoiceAwards

Name of the Organisation: The Property Couch
Name of the Person you deal with: Bryce Holdaway and Ben Kingsley
Suburb: North Melbourne
State: VIC
Phone number: 03 9326 8900
Email address: info@thepropertycouch.com.au

 

If you would like to access The Property Couch’s media kit, please email us here: info@thepropertycouch.com.au.

 

Resources mentioned in this podcast:

 

If you like this podcast: “The Negative Gearing Debate in Australia”, don’t forget to rate us at 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/

Negative Gearing vs. Positive Gearing

 

You’ve probably heard Episode 21: The Negative Gearing Debate in Australia but do you understand what they mean and what kind of investment strategies are they? There are some who swears by the profitability of a positive gearing strategy whilst other sneer at the amount of tax that the investor had to pay. Well, The Property Couch hosts believe that there are pros and cons of each strategy and it all comes down to which strategy fits your current situation better. If you aren’t familiar with the basic concept of negative and positive gearing, and are keen to learn more, this video from Ben will be perfect for you!

 

 

 

Ben Kingsley - Quote of the Day - The property couch Ben Kingsley – CEO & Founder; Property Investment Analyst and Advisor and current Chair of PIPA

Ben Kingsley is the Founding Director of Empower Wealth and Chair of Property Investment Professionals of Australia (PIPA). A qualified Property Investment Advisor (QPIA), Ben holds a Real Estate Agency License (QLD), a Diploma of Finance and Mortgage Broking Management, a Diploma of Business and has become one of Australia’s leading experts in property investing for wealth creation.

Episode 020 | Science of Asset Selection – The Buyer’s Decision Quadrant

There are many factors at play when looking for an investment property, but did you know there’s actually a science behind selecting assets Ep 20 - science of asset selection Buyers Decision Quadrant 2

Yep that’s right folks! This science is called: The Buyers Decision Quadrant  

It’s made up of… 

  1. Price
  2. Location  
  3. Land proportion  
  4. Quality of Dwelling 

We’ll explain what each one means, and while the concept is quite simple, the real achievement is understanding which part of the quadrant you are willing to compromise on and which is non-negotiable.  

We’re also looking at some great case studies (one of which was a fictional case study…until this case study rang up Bryce to share her almost exact financial and personal story!!)… 

And comparing 1970s and 1990s apartments, and which one has fared better over time!  

Folks, it is rare for an investment property to tick all the boxes, and most of the time, you will need to journey through the Buyers Decision Quadrant to make the right decision for you!  

So keep this episode on repeat ‘cos we think this one will help with making those hard decisions again and again!  

 

Also, The Property Couch is hoping to get nominated for the Investor’s Choice Award 2015 for the category: Property Educator/Mentor. We would like to spread the word out on the podcast so that we can help more people avoid making bad investment choices and avoid buying the wrong asset. So if you think we are doing a good job, please do nominate us here.

Our details for nomination:InvestorChoiceAwards

Name of the Organisation: The Property Couch
Name of the Person you deal with: Bryce Holdaway and Ben Kingsley
Suburb: North Melbourne
State: VIC
Phone number: 03 9326 8900
Email address: info@thepropertycouch.com.au

 

Free Stuff Mentioned:  

  • Just starting your property investing journey? Check out our FREE Binge Guide to the Foundations of Property, Finance and Money Management, which show you which episodes you need to understand the basics! Or fill in the form below and we’ll email it to you right away.  

    • Are you also interested to have a better understanding of your cashflow position via our FREE Money SMARTS Platform?
    • This field is for validation purposes and should be left unchanged.
  • Check out Bryce’s article “Earn $2500 A Week at Retirement” which was featured in Money Magazine.  

 

Here’s some of the gold we cover…

  • 2:08 – What is the Buyers Decision Quadrant? 
  • 3:00 – Quadrant #1  
  • 5:25 – Quadrant #2  
  • 6:17 – How THIS can make up for the selecting the wrong property  
  • 9:25 – Listen to this cookbook analogy (Pure gold!) 
  • 11:50 – How Bryce’s fictional case study became non-fiction  
  • 13:53 – Quadrant #3  
  • 15:04 – Quadrant #4  
  • 15:22 – A real example: Family with 2 young kids   
  • 16:22 – The future of the Australian property market! 
  • 17:07 – Ask yourselves these questions before buying… 
  • 18:50 – Do you want to be an active or passive investor?  
  • 20:06 – Comparing 1970s and 1990s apartments  
  • 23:45 – If you’re checking out our podcast on our website…  

 

Money Magazine – Earn $2500 a Week at Retirement

Money Cover Story - March 2013 - The Property Couch earn 2500 a week at retirementAs mentioned in Episode 20 | Science of Asset Selection – The Buyer’s Decision Quadrant, here’s the article that Bryce wrote on Money Magazine: Earn $2500 A Week at Retirement in March 2013.

 

Here’s a snippet of the article:

How often have you found yourself picturing a retirement where you’re enjoying regular overseas holidays, spending your spare time with your grandkids and leisurely filling up your days doing all the things you love? We all have but we’re brought down to earth quickly by reports suggesting there won’t be enough money for a comfortable retirement. Perhaps even worse, some of us will have to work much longer than planned.

So the idea of creating a $2500-a-week passive income for a life in retirement free of debt ($130,000pa in today’s money) could be thought a stretch of the imagination. This would put you in the highest bracket of retirement earnings in the country and, according to the latest census (2011), would provide you with more than double the average total household income of $63,960.

The goal is achievable

Nevertheless, after looking at three typical households – a late-20s single, a mid-30s couple with two young children and a mid-40s couple with two teenagers – that have never invested in property, and carefully considering if it’s possible to achieve this passive income of $2500 a week, it’s exciting to know it can be done with low to moderate risk and potentially minimal impact on their current standard of living.

The big question is, how?

 

Click on the image to Download the article.

Episode 019 | Four Ways an Investor will Pay

So we’re saying…. swimming pools are bad?!  

Building off last week’s episode on the advantages of using a Buyers Agent, we’re looking at the 4 ways an investor will pay… 

  1. Buying the wrong _____  
  2. By falling into THIS habit  
  3. By ____too much  
  4. By acquiring THIS information  

We’ll be explaining why swimming pools can mean trouble for investors…  

(Just like Bryce’s elevator situation from his first investment – listen in so you don’t make the same mistake!)  

 Sharing personal experiences and client stories AND delving more into how the Property Investment Professionals of Australia (PIPA) can help provide credible advice!  

Now, it’s up to you which way you pay (hint: We think you’ll want the fourth option), but we’re unpacking what each method will mean over the long term.   

PLUS we’re highlighting WHERE you should avoid having an ego explosion and linking it to lessons learned in previous episodes.  

Is this the first episode you’re listening to? We recommend going back to the start and listening on 1.2x speed – we promise it’ll help you build your knowledge waaay faster!  

But if you’re up to date – congrats! Tune in now to best understand your options when buying a property!  

 

Also, The Property Couch is hoping to get nominated for the Investor’s Choice Award 2015 for the category: Property Educator/Mentor. We would like to spread the word on the podcast so that we can help more people avoid making bad investment choices and avoid buying the wrong asset!!

So if you think we are doing a good job, please do nominate us here.

Our details for nomination:InvestorChoiceAwards

Name of the Organisation: The Property Couch
Name of the Person you deal with: Bryce Holdaway and Ben Kingsley
Suburb: North Melbourne
State: VIC
Phone number: 03 9326 8900
Email address: info@thepropertycouch.com.au

 

Free Stuff Mentioned:  

  • Summary Video – Four Ways a Property Investor will Pay
  • RBA July 2015 Announcement
  • Check out the Property Investment Professionals of Australia (PIPA) to verify the professionals you’re working with!
  • Just starting your property investing journey? Check out our FREE Binge Guide to the Foundations of Property, Finance and Money Management, which show you which episodes you need to understand the basics! Or fill in the form below and we’ll email it to you right away.

    • Are you also interested to have a better understanding of your cashflow position via our FREE Money SMARTS Platform?
    • This field is for validation purposes and should be left unchanged.

 

Here’s some of the gold we cover…

  • 2:02 – The 4 ways on investor will pay… 
  • 2:45 – #1: Buying the wrong ______  
  • 3:20 – When you’re talking about return on investment, you’re REALLY talking about… 
  • 6:47 – Why swimming pools can be bad for investors  
  • 10:37 – Two personal examples from Bryce  
  • 13:08 – Don’t be like these investors!  
  • 15:23 – #2: By falling into THIS habit   
  • 16:42 – We hear this WAY too much… 
  • 18:29 – #3: By ____ to much  
  • 19:20 – Don’t let your ego get in the way during this time!  
  • 20:25 – #4: By acquiring THIS information   
  • 21:17 – Why you should ask for qualifications folks  
  • 23:09 – How PIPA can help verify the professionals you’re working with 
  • 24:39 – Check out these other FREE resources!  

 

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