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Episode 308 | Pain & Gain: The Wealth Effect & The Housing Affordability Debate – Chat with Eliza Owen from CoreLogic

When it comes to the current property market… WHERE is the Profit being made? And, just as importantly, WHERE are the Losses happening?

‘Cos let’s be honest folks… it’s been quite the year indeed!! But it looks like we’ve finally reached a turning point in the market…

So, here to discuss the latest housing trends and data coming out from the property market is a very, very special guest and someone who definitely knows her stuff when it comes to property, economics and a big issue almost all first homebuyers face… something called “housing affordability”!

Introducing today’s huge guest… Eliza Owen is Head of Australian Research at CoreLogic! She has a first class honours degree in economics from the University of Sydney and has been a regular economic commentator on FBI Radio and guest speaker on Triple J’s Hack, 702 ABC Radio, Sky News and TEDxSydney! Not to mention, she’s also provided comment for many media outlets including The Guardian Australia, the Australian Financial Review, Pedestrian TV, the Daily Telegraph and plenty more!

PLUS, on top of her first-class knowledge bank, guess what Eliza’s also brought with her today?!

… Nonother than CoreLogic’s most recent Pain & Gain Report – that is, the Quarterly Report that unpacks (in a whole lot of detail!) how different properties, regions and cities are performing across the country. Yep… this includes exactly WHERE the profit and loss is occurring!

So, ready to dive in?!

Listen now to get the latest insights into the Australian property market, including where there’s “Pain” and “Gain”… AND get the tour into The Wealth Effect and The Housing Affordability Debate!

 

P.S. The Pies got slammed last week. Poor Ben. (kinda)

 

Free Stuff Mentioned…

  • (What would you like to be known on the podcast?)

  • A quick summary on your Money Story!
  • Don't spill all the beans! 😉

  • And finally, have you implemented the Money S.M.A.R.T.S?

 

Here’s a bit of what we cover…

 

 

What’s Your Money Story Like?

We get it… Talking about money can be quite awkward. We felt it when we open up on our story in Episode 197!

But it’s good! Because then we can understand ourselves better and would be able to learn more from each other as well.

So, would you like to be on our Summer Series Podcast?

We’d love to listen to your story and your own tips and tricks in money management! And as promised, we will be very gentle. And if you have a specific question in mind, we want to hear it directly from you too!
Just fill in the form below and we’ll get in touch right away. 😉

 

  • (What would you like to be known on the podcast?)

  • A quick summary on your Money Story!
  • Don't spill all the beans! 😉

  • And finally, have you implemented the Money S.M.A.R.T.S?

 

 

 

 

 

 

 

Episode 307 | The Budget Wrap And Is The Property Market Leaving Clues?

The Federal Budget has just been announced… so what does this mean for you and the property market?

Folks, in this episode we’re diving deep on the new Budget (one of the most important budgets since the Great Depression!) AND, most excitingly, something else that’s absorbing our thoughts right now…

The Property Market Is Now Leaving Clues…!

That’s right. The ducks are lining up… which means Positive News For The Property Market!

The question is… are you ready to hear if Australia’s economy is really “on the mend” and what’s coming next for the property market?!

If so, you’re about to find out!

(… What an episode!)

P.S Life Hack brought to you by our listener, Colin Lau! Send Bryce your own Life Hack here.

 

Free Stuff Mentioned…

Here’s a bit of what we cover…

  • The Budget: What’s In It For You and The Property Market
  • The Key Insights from the Big 2020 Budget
  • Why has the Treasury taken these measures?
  • When The Ducks Line Up: Why Is It “Positive News” For Property?
  • Why is the property market so resilient?
  • How much is the economy going to decline for the rest of the year?
  • When Will The Recession End?
  • Why the “Instant Asset Ride-Offs” have a ripple effect…
  • New Buying incentives Announced..
  • When will we see a vaccine for COVID-19?
  • How much will you get from the Tax Cuts?
  • Playing To Win vs Playing Not To Lose
  • How do you work out the “Fair Value” of property prices?
  • New Lending Laws – Why is it in your favour to be credible for your lending?
  • The Immigration Story…
  • “Jobs, Jobs, Jobs”… what does this even look like??
  • The 12 – 24 month outlook for property (and why it should make you smile)

 

 

 

RBA October 2020 – Is Australia An Economy on the Mend?

It’s a big day today! With the RBA Board just announcing the October’s cash rate and the Federal Budget at 7:30pm AEDT tonight! 

So here’s Ben’s update on what’s happening to property markets around the world and in Australia.

 

Plus, Ben also includes his latest news and commentary on…

 

 

And of course… Additional Helpful Resources on COVID-19

National Update: Click here

State Update:

 

And One Final Word…

If you’re worried about your finances or if you have no clarity on your cash flow position, we strongly recommend you to organise your finances now. It’s more important than ever to have a clear view, down to the exact cent, on how much you’re spending each month and how much surplus you’ve got. If you don’t know it, then log in to your Money SMARTS Platform here and update the numbers.

Don’t have an account yet? Create your free access below and we’ll also send you an e-copy of the instruction manual which is also our best-seller book, Make Money Simple Again. Just fill in the form below and we’ll email it to you right away.

 

 

 

DISCLAIMER: This podcast is general information only and is an opinion comment by Ben Kingsley. The information contained in this video is for Australian residents only. The information does not take into account the particular investment objectives or financial situation of any potential viewer. It does not constitute, and should not be relied on as, financial or investment advice or recommendations (expressed or implied) and it should not be used as an invitation to take up any investments or investment services. No investment decision or activity should be undertaken on the basis of this information without first seeking qualified and professional advice.

The Property Couch, its employees or contractors do not represent or guarantee that the information is accurate or free from errors or omissions and therefore provide no warranties or guarantees. The Property Couch disclaims any and all duty of care in relation to the information and liability for any reliance on investment decisions, claiming the use or guidance of this publication or information contained within it.

For more information, please visit: http://thepropertycouch.com.au

 

 

 

 

 

 

Our Brand New Free Tool is here… MONEY STRETCH!!! 🥳

And we’re LIVE with a 300th Episode Gift — we’re going to demonstrate OUR BRAND NEW FREE TOOL…. Money STRETCH!!!

 

The BIG question is… “Do you know how much your money will last you?”

It’s more important now than ever to have a clear understanding where you stand financially. There’s a lot of uncertainty at the moment and we need some certainty to make sure we’re making informed decisions especially when it comes to money management.

And this is why we’ve been hard at work developing MoneySTRETCH! It’s a self-assessment tool that helps you work out just how long your money will last if your income were to change.

Check it out now! Log in today: https://tpc.moneysmarts.com.au/

Don’t have an account? No worries! You can create a free access below:

 

 

 

Episode 306 | The Game of Loans: How To Find & Finance An Investment Property

How do property investors Find and Finance their investment properties?

Let’s face it: Asset Selection (aka finding the property) and Borrowing Power (aka financing the property) are two of our Four Pillars of Mastery for a reason… they’re crucial!

So with this in mind, how do property investors make sure they get these two things right?

Well, that’s where today’s episode comes in. We’re unpacking heaps of listener questions on these two topics so you get the insider’s guide into what to buy and how to set up your loan structure and strategy correctly!

We’ve dubbed it “The Game of Loans” and we think there’s quite a few takeaways in here, and even a few bits of gold we’ve never discussed before…

Listen now so you can learn how to find and finance your assets!

 

Free Stuff

 

The Questions

Question about “Investing in Victoria During COVID-19” from Trav:
Hi, gents, just a quick one. I haven’t yet mustered up the courage to do any investment in property. I’m looking to do my first one, hopefully within the next six months. And just want to get your views on the current environment here in Victoria. And if you think it’s a good time to invest in Victoria, the area that I’m looking at is Chelsea, down by the beach there, close to train line three bedroom, townhouse, one bathroom, own title, nobody corporate in a secure, parking area. I tick all those boxes that you guys talk about. I have low debt, zero debt effectively. I own my own property. I’m in a secure government style job around the 120K Mark and regular high-rises, and I’m quite a good money manager, yet to do the last little part of my structure. And that is obviously getting in touch with a good savvy mortgage broker rather who’s savvy around investments. So I just, your thoughts on that and let me know, keep up the good work and I hope to hear from you, sir. Bye.

 

Question about “Closer In And Smaller or Further Out And Bigger” from Violet:
Hi, Bryce and Ben we’ve been conditionally approved for our first home to the value of $750,000. We live in the North Eastern suburbs of Melbourne way. Wondering whether we should buy a two bedroom property with the potential to add an extra bedroom, which definitely needs a little bit of work, but we can get in for, you know, under $600,000 we believe, or if we should max out budget right up to the $750,000 and get a house that needs very little work and already has three bedrooms, which would be the best option here?

 

Question From Tom:
Hi Bryce and Ben, I’d just like to ask a question regarding timing on principal and interest payments on an investment property. We currently have four investment properties, which are all interest only payments. We still plan to purchase another one or two properties in the future. We’ve recently just refinanced our investment properties to take that to maximum borrowing. And we drew the equity to purchase our primary place of residence. That primary place of residence has an offset account. The old wages and our rental income goes into. I’d just like to know at what time do the investment properties turn from interest only to principal and interest repayments? Thank you.

 

Question From Shashank:
Hi Ben and Bryce, my name is Shashank Pande, and I’m based in Adelaide. I’ve been a regular listener of your podcast and would like to thank you for the amazing knowledge share and experience share that you do for the wider community. My question relates to auctions and my question is about the feasibility of an auction, from a seller’s perspective, in getting the best price for the seller, because it’s predicated on the reserve price for the seller, which is the lowest price that the seller would sell the property for and not on finding the highest bidder for the property. So I just wanted to get your views on whether an auction is the best for the seller to sell a house. Thanks, Bye.

 

 

 

 

 

Episode 305 | Chalk & Cheese: The Difference Between The Art & Science of Investing

We bang on about the “Art” and the “Science” of property investing a fair bit. But have you ever stopped to wonder what this actually means? Like, what’s the difference between “Art” and “Science” anyway? And how does this apply to picking an investment-grade asset?

Well, step right up folks, ‘cos we’re about to unpack all this in today’s episode!

‘Cos first things first… Art and Science are like “Chalk & Cheese”… completely different things!

So, when you’re looking at them through the lens of a property investor, you have to be mindful to the subtleties of each… and you need to know firsthand how they both complement each other and, most importantly, how they come together to ensure your overall success.

We can assure you… you can’t have one without the other. And just like Yin and Yang, there’s a balance you need to strike to get the art and science of asset selection right!

Tune in to today’s Q&A to get the difference between the art and science of investing… and the answers to a whole heap of listener questions about where and what to buy.

 

 

Question about How To Work Out If You Have A Good Asset Or Not from Alex Herbert

Hey guys, uh, just a quick, thank you for your podcast. I’ve only discovered it four months ago and you know, it’s been really good listening through everything and it’s, yeah, it’s definitely has a bit of a culture feel to it and I really enjoy it. So, thanks. Thanks for the effort you guys put into that. Um, quick background on me, I’m 31 years old. I have six properties. Uh, one is a PPR, which I live in and then there are others, our investments at this stage. Um, so basically my sort of worry, or the question I would like to know a bit more information on, is, um, I put all my eggs in one basket using a property advisor and walked through all the process and building this portfolio. Um, and all of the things you guys talk about, he’s implemented, uh, in my portfolio as well. So there’s, there’s a lot of things there that I have in place that you guys do say that’s, you know, the, the golden rules. Um, the biggest thing though, that does sort of get the, the alarm bells ringing a little bit, or makes me want to find out a bit more if I’ve made the right moves is I do have a few of them, which are new developments, new houses where had the land and are built on the land. Um, and I just want to know once you do have some assets in place, how do you know that they are the good assets to hold or whether you’re wasting opportunity by holding onto them? 

 

Question about Capital Growth Considerations from Kieran

Hi, Bryce. And Ben, you guys made a comment the other week in one of your podcasts that medium to high density apartment investors investor stock type assets that are likely to be most affected, by COVID over the next 12 to 24 months as investors get scared and that the mantra is up for those types of assets. My wife and I currently looking at a two bedroom for the units with a little courtyard and garage, but I guess we’re wondering whether the performance or the growth of those is less in the short term and is likely to be dampened perhaps somewhat of prices of apartments do drop or at least stunted in their growth. Is that likely to flow over into the next closest asset class being most of those two-bedroom units? Would we be better off potentially stretching a little bit further to get into at least a three-bedroom Villa unit, but perhaps a little bit more living space, a little bit more land and courtyard? Is that likely to be perhaps less impacted in its growth?

 

Question about Strategies For Buying from Soph

Hi, Bryce. Hi, Ben. Love the podcast. Thanks very much for your time. Um, I’m just wondering if you can give a bit of an overview of some of the strategies of buying when you sort of mentioned some of the strategies here and there, but I was wondering if there was a list or something that we can sort of, um, go through and look at those. Thanks very much.

 

Question about Tips To Go From One Investment To Two from Daksha

Hi, I’m Bryce and Ben. Looking for some property investment advice, I already have my primary principal home and also have one investment property. I don’t know where to go from here onwards. Um, I do have equity on my principal home and my investment property. Uh, I mortgage insurance, so it’s independent. Um, yep. Looking forward to, to getting some advice on how to go for the second investment or how can I do my financial planning so that I’m ready? Um, thank you.

 

Question about Buying As An Owner-Occupier from Frez

Hi Bryce and Ben. My name is Frez. I’m asking this question. I am from Melbourne and I’m hopefully a soon to be first home buyer. Um, my question to you guys was would I be crazy to purchase a home as an owner-occupier, so a home that I’m going to be living in when the address has left and to the right of me, I filled with two or three units. The address in front of me is a, you know, a compound with four townhouses. And it’s pretty much the same story up and down the street or up and down any street within that suburb. So the suburb I’m talking about is an area called Laverton in the Western suburbs of Melbourne, traditionally an industrial area, but I think recently with Williamstown landing popping up, Truganina popping up in tiny, further down the road was all these house and land packages.  It seems elaborate and has been all the more, uh, appealing, um, purely because it’s established homes, much bigger blocks, and they’ve actually got public transportation, which these other areas like two train stations, closer access to the freeway and an actual bus network, but driving through a few weeks ago prior to the restrictions I noticed everybody was tearing down these houses and the amount of construction for unit after unit townhouse after townhouse. Should I avoid buying in this area as an owner occupier? Um, yeah, I just wanted to know what your thoughts on it were. Thank you for the podcast. Thank you for the content. You guys have been an absolute godsend since I discovered you considering the stage I’m at right now. Thanks for everything.

 

 

 

 

 

Episode 304 | Picking One Over The Other: Top Tips To Help Property Investors Make The Best Judgement Call

What do you do if you’re picking between two properties? Or two locations? Or even two investment strategies?! 

Well, step right up… ‘cos we’re about to give you the top tips to make the best judgement call when property investors are weighing up multiple options! 

Here’s the deal… in today’s Q& A, some of our folks are currently caught between a “rock and a hard place”, while others have narrowed down their asset selection to TWO choices… but are now snagged on which property will outperform the best over the long term! 

And on the other end of the line, some folks haven’t even honed in on the property yet… ‘cos they’ve received conflicting advice on which suburb to buy in… and now they’re left confused and afraid to make the wrong choice 

We even have one listener who’s at a loss with what investment strategy to pick – so much so he’s know fighting an internal debate with himself! 

So. How do you pick one property (or location, or strategy) OVER another??  

What things do you need to consider  

In no particular order, we’ll be unpacking, How To 

  • Pick The Better Asset 
  • Invest Without Regret 
  • Automate Your Finances 
  • Sleep Soundly Knowing You Made The Right Judgement Call! 

 Listen now to get the top tips to help property investors who have decision fatigue or just what the answer to this question, “Which Option is Better??” 

 

 

Free Stuff Mentioned 

 

The Questions 

Question About “Investing Without Regret” from Trevor 

I’m 47, work full time and am single. I have 3 investment properties — the first one bought in 1999 in Darwin (Millner), which went up dramatically and just as dramatically decreased in value and in rent. It has a high strata of $1500 per quarter. I do have another house in Brisbane in Waterford West, bought in 2008. It’d be worth now what I paid for it. I bought a house in Adelaide in 2010 – 3 bedroom. So they’re all not the best properties. All are rented except for Darwin’s decline in rent they all went quite well. My accountant says it’s costing me $% k per year to hold these properties. I don’t feel like I’ve done anything with them, and I’ve done this for quite a while now (since ’99) and don’t want to look back in 10 years and think gee whizz, I wish I bought something different. At times I wish I took the money out and bought something else. Now, if I was to sell, the properties are worth $3 with a mortgage of $3.50.Any suggestions for people who get into these scenarios? Going forward what would you recommend? 

 

Question About “How To AutomatYour Finances From Kylie 

Hi guys, my name’s Kylie — love the podcast. I’ve just ordered your book and I’m sure your answers are in it. While I wait for the book, I want to get better at my finances. I’m pretty good at budgeting and money management in my business, but I don’t really keep track of things personally. I’ve downloaded your Money SMARTS system to try and rectify this.  

I am in a good position — my company pays for the vast majority of my expenses like rent, electricity, vehicles, fuel and that sort of thing. And I pay myself a small wage for personal items and to keep saving for more properties, which I currently had 3. And I want to add to thatMy question is — which bank account, either the payments of Primary Account should I pay my wage into? And I don’t have a credit card. I currently have my mortgage offset account with savings in it and an everyday account with a debit card that pays for everything, which I gather will become my living and lifestyle account? I’m just unsure of how to set it all up. And would just appreciate any help. Thanks! 

  

Question About “Picking Between Two Properties” From Carrie 

I have a question about the best type of asset I should invest in. I’m looking to buy my first property, which I’ll live in initially. I have a budget of $750K. I’ve been looking at 70s and 80s free standing villa units in small blocks of 12 – 6 in Melbourne’s east. This puts me in middle ring suburbs around 20km from the city, with a land size of 350sqm. It’s a good balance between decent land mass without being out in the sticks. Alternatively, I could by a 2bdrm appt in an older, low density block — the type with only 2 or 3 stories closer to the CBD.  

Are either of these good investments? And which of the two is better? Or is there anything else I should look into? Love your work guys, keep bringing out those podcasts! Thank you 

 

Question About “The Internal Debate” From Mark 

Hi Ben and Bryce, Mark here from Sydney. First of all, I want to really thank you for the effort that you put in every week for making these podcasts available. I luckily stumbled on your podcast about 6 days ago as I was looking to get some information on Australian properties and I must say that the information you provide on your podcast has been nothing short of gold… so thank you! The thing that I’d like to know is I’ve working really hard for the last 5 years since graduating and have saved up a 20% deposit to purchase my first property and am on my way to building my property portfolio, which has always been something I have wanted to do. However, I have gotten into a debate with myself and I always seem to get conflicting opinions or ideas on this online.  was hoping you could clarify this for me because I do value both of your opinions.  

My question is, “Does it make more financial sense to own your own home or does it make more sense that you’re a rentvestor? 

So, own your own home or accumulate properties whilst renting? If you can clarify that for me, I will be forever appreciative. Thanks again guys, look forward to catching up on all your podcasts and really looking forward to meeting yoy guys – hoping to attend one or all of your webinars. Thank you. 

 

Question About “Which Suburb is Better?” From Jack 

Hi there guys, first up I just want to stay that I’ve just tuned into your podcast and I’m absolutely loving it! I’m going to be buying a couple of your books too they seem to have a lot of great reviews and, yeah, I’m really excited to read them. Fellas, I’m looking at starting my property investment journey this time next year – Dec 2020.  

Now, I’m following a couple of investors – one guy’s currently investing up in Brisbane. And this other guy I follow as well stays purely local, mainly Melbourne. He’s explained to me about the growth corridors – how they’re not really growth corridors – Packenham, Windenvale, Tarneit. I’ve gone and hand a look and they don’t average as much as I thought they would. Nice places, but yeah. I can’t afford to invest in Melbourne itself and the different to the two is – the one up on Brisbane is getting people starting up in Brisbane around the $500k mark – and the other guy who invests only in Victoria, says start out somewhere like Bendigo or Ballarat. He doesn’t think Geelong’s got good growth. Yeah, I’m hesitant to go Bendigo and Ballarat as they are in land, but I’m hesitant that my judgement’s being clouded. I’ve always grown up in coastal places – always lived near the coast and love the coast. If you guys could give me your opinion that would be fantastic. 

 

 

 

 

 

Episode 303 | The Three Money Rules For Life…

There are only 3 “Money Rules” you need to follow to transform your financial future… and, yep, we’re about to tackle all three right now! 

So, if you want to avoid the biggest derailments to wealth creation and instead get your money to make YOU money, then this is the episode for you. 

Here’s the deal… without knowing it, you’re probably standing in your own way. Wdon’t want to sound too harsh when we say that, but chances are, when it comes to your wealth potentialyou probably are. (It’s less to do with you per se and more to do with the fact that we’re all human 😉) Remember: Money is Simple; Behaviour is Hard. 

To help, we’re sharing the three golden rules to master your money, take control of your future and reach the summit of $2,000 per week! 

  

Psst…. You DON’T Need to Be A “Rags To Riches” Story! You just need to tweak a few thinking you might currently be doing (both consciously and unconsciously) 

Listen now to get our Three Money Rules for Life!! 

 

Free Stuff Mentioned 

 

What We Cover 

 

  

Quote Of The Episode: 

“One only sees what one looks for. One only looks for what one knows.” Johann Wolfgang von Goethe 

 

 

 

Want to sort our your Money Management this year?

If you’re worried about your finances or if you have no clarity on your cash flow position, we strongly recommend you to organise your finances now. It’s more important than ever to have a clear view, down to the exact cent, on how much you’re spending each month and how much surplus you’ve got. If you don’t know it, then log in to your Money SMARTS Platform here and update the numbers.

Don’t have an account yet? Create your free access below and we’ll also send you an e-copy of the instruction manual which is also our best-seller book, Make Money Simple Again. Just fill in the form below and we’ll email it to you right away.

 

 

 

 

Episode 302 | Back To The Future: Lessons From 50 Years At The Top Of His Game – Chat with Scott Keck

Want to hear from an Expert Witness who has been observing and analysing the property market for over FIFTY years? And what if they also happen to be a highly regarded industry professional who’s literally been valuing the price of property for more than five decades…?

… you’d probably get a bucket load of invaluable intel, right?

Well, let’s put it this way… the gold from today’s guest is well worth a king’s ransom! One of our favourite episodes yet – and you’re about to hear from someone who’s property knowledge is off the charts and who, let’s face it, we’ve been admiring from afar for years!

Welcome to the couch… Scott Keck!

Scott Keck is Chairman of Charter Keck Cramer, a leading Australian independent, strategic property consulting firm. Scott has more than 50 years property valuation experience within the Melbourne market, having begun with the firm in 1968, becoming a Director in 1978, Managing Director in 1984 and Chairman in 2010. He is considered one of the best and most high-profile valuer.

He is frequently engaged as a senior negotiator in complex commercial and statutory issues related to the property market and for advice in relation to large portfolio valuations for major statutory and private corporations.

And get this… in the last eight years alone he published over 500 articles on the property market!!

So, what can we ALL learn from someone who’s been in the market before we were even born???

 

Free Stuff

 

Here’s What We Cover…

(FYI: so much! This is practically a property masterclass 🙌)

  • So… what does someone who has over fifty years’ experience have to say about the property market??
  • Scott’s views on property as an investment
  • What’s changed over the decades? (Design styles, construction materials, floorplans, the use of space etc, the urban sprawl, density etc, etc)
  • What does this tell us about buyer demand?
  • Very Important Observations About Humans and Property Over 50+ Years!
  • What (if anything) has been consistent with the property market?
  • What’s the most interesting property Scott has ever had to value?
  • Post COVID-19, what does the residential property market look like?
  • What would prevent/impact this from happening?
  • Is it likely that people will want to continue living in capital cities moving forward?
  • Why will the “four pronged strategy” to get the economy moving again influence the price of property?
  • How on earth will population DOUBLE over the next 40-50 years?
  • And what will the property market look like to cater for this demand?
  • For investment purposes, how many bedrooms should a townhouse have?
  • Why do Off The Plan’s almost always outperform?
  • A deep dive into Off The Plan numbers: Why you’re in trouble before the house is even built!
  • What will the future of Melbourne look like? And will this now change with COVID-19?

 

“For every two people that come we need a new dwelling” – Scott Keck

 

 

 

 

 

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