X

Episode 301 | How to Lose Half a Million Dollars & The Secret to Lifestyle Design

Don’t want to lose half a million bucks? Well then, make sure you don’t do this… 

In today’s episode, we’re diving deep on The Secret To Lifestyle Design – that’s means What To Do & What NOT To Do when building out your Property Portfolio Plan. 

Like we always say… “Plan to become what you plan to become.” 

So, if you’re an aspiring or existing property investorwhat does it mean to plan your property portfolio? And why go to the lengths to plan out your future anyway?  

Well, with “the end in mind”, your goal is a heck of a lot clearer! 

But there’s something wildly more important than this 

 Listen now to get the secret to creating the life you want (“lifestyle design”)… and how to reverse-engineer your dream goal to suit your current lifestyle! 

 

Free Stuff 

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.

 

 

The Questions 

Question from Angus: 

Would love some commentary about The Barefoot Investors email yesterday: 

 Hi ,“Get out now.” That’s the advice the CEO of NAB has given to homeowners who are struggling to make their repayments. 

Yes, in his quarterly trading update last week, NAB’s new-ish chief, Ross McEwan, warned: 

“There will be some circumstances where people are better off selling out early and taking some equity out of their homes, or keeping some equity, before it disappears.” 

While most of the media didn’t give his words much attention, there are two good reasons that you and I should: 

First, because in all the years I’ve been doing this column I’ve never heard a bank boss speak so candidly. 

Bank bosses are basically politicians: they get parachuted into the top job, stay there for five years, and rocket out with $40 million. Their main job is to stick to the script: “keep lending”. (And we’ve all witnessed how bad things go when bank bosses go off script, like getting into wealth management.) 

So why is NAB’s CEO sticking his neck out? 

Well, that brings me to my second point: he obviously doesn’t like what he sees on the horizon. 

And know this: McEwan isn’t peering into a cloudy crystal ball. Over the years NAB has invested billions into tracking its customers’ every financial move. In fact, all the banks have incredibly detailed customer analytics that tell them what people are doing — or not doing — with their money, in real time. 

Now, according to the banking regulator, APRA, roughly 1 in 10 mortgages in Australia are paused. 

Which gets me thinking … 

On one side, how long can the banks cop 10% of their customers not paying? 

On the other, when will customers who are really struggling finally bite the bullet? 

It’s a grim situation. 

My hunch is that the banks are betting that the overwhelming majority of their customers will get through this. Yet they also know a small number of their customers won’t, and so they (well at least Ross McEwan) are turning up the heat on them. 

My advice? 

Please don’t misquote me: I am not saying you should sell your home. 

What I am saying is don’t be a frog … if you were in hot water before COVID hit, don’t just sit there bubbling away. 

We’re still early on in this crisis, and you have more options than you think. And if you want someone independent (and free!) to walk beside you and carefully lay out your options, call the National Debt Helpline on 1800 007 007 and speak to a financial counsellor (like me) immediately. 

The last word goes to McEwan: 

“We’ve seen in other crises around the world, when people try to hold on they end up walking away with nothing.” 

Don’t say you haven’t been warned 

 

Question about Vendor Finance from Simon: 

 How do you set up Vendor Finance? What is the process? Do you need the full amount in cash or can you use funding from elsewhere, like a venture capitalist maybe, or even a bank under certain circumstances? Does a third-party company look after everything for a fee or is it more of a hands-on personal approach that is needed? How do you evaluate the risk vs reward with the process? What happens when the buyer refinances down the track? I’m thinking for some people in certain industries to get approval for borrowing will be very difficult for some time, this may open up opportunities within the vendor finance area? Some people may see this as praying on others misfortune while others, like me, may see it as offering a lifeline to those who need it. 

Could fragmentation of properties and vendor finance offer an attractive way in for less money for anyone struggling to get into property? Is this also a way you could offer Vendor finance if you only had for example 50% equity?? 

 

Question about What Property To Buy from Scott: 

To buy established or a new investment property, Bryce. I am in Sydney and considering buying in Melbourne as I feel the market there is way undervalued compared to Sydney, given the expected population numbers expected to surpass Sydney’s over the next few years. Thanks mate. 

 

Question about Our Biggest Investment Mistakes from Quy: 

Love your work gents! What are your biggest investment mistakes which had delayed you from reaching your passive income goals quicker. 

 

 

Want to check out MoneySTRETCH?

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 300 | The Unfair Advantage: Master This New Framework To Get The Passive Income You Want – Chat with Jaemin Frazer

Follow this NEW 7-step framework and you will dramatically increase your ability to create the passive income you want!

In fact, if you put this powerful framework to use, not only will you get “The Unfair Advantage”… but here’s the even sweeter news, folks…

… it will serve you in ALL areas of your life and won’t just stop at boosting your Financial Wealth!

Sounds good, right?

So, before we do The Big Reveal on today’s guest, we just wanna let you know that we got you a couple of gifts for our 300th episode…

  • Gift #1 is Intangible… but will dramatically transform your life if you implement it! (BUT you have to listen to this ep to get it!)
  • Gift #2 is Tangible… and will work out how long your current cash reserves will last!!

 

And now to today’s guest…. we welcome back none other than a “repeat offender” and a great pal of The Couch…

Joining us today is one of Australia’s leading Life Coaches and a premier authority in the personal development space… Jaemin Frazer! Jaemin is Founder of The Insecurity Project, the author of Unhindered: The 7 Essential Practices for Overcoming Insecurity and Elegantly Simple Solutions For Complex People Problems, Ted X Speaker and the voice behind The One Minute Coach radio/podcasts segments!

… Yep, he’s THAT “Insecurity Guy” who once upon a time was Bryce’s very own Life Coach!

… And he’s about to change your life with his new framework!

Buckle it tight… because you’re passive income just might be around the corner!

And don’t forget: listen to the episode now to get your gifts!

 

Free Stuff

 

 

Here’s What We Cover…

  • The Unfair Advantage: The New Framework!
  • The link between Financial Wealth and Mental Wealth
  • What Skills, Attributes and Actions Do Financial and Mentally Wealthy People Have and Practice?
  • The One Key Question to Ask to Get What You Want
  • Mindset Tools For a Pandemic
  • What is really going on behind Financial Anxiety?
  • How to release your money fears
  • What does living an “unhindered” life look and feel like?
  • How to break the circuit when negative thoughts take over
  • The Best Reset Tips To Overcome Financial Hardship
  • What’s the secret to lifelong change and growth?
  • Evaluating The True Costs: Why Your Biggest Costs Aren’t Necessarily Visible
  • Why DON’T you need to do things perfectly to get results?
  • Why Sniffing A Cricket Ball Can Get You To Your Best Self
  • Ways To Create A Winning Property Investor’s Mindset
  • The 7 Essential Practices For Overcoming Insecurity

 

 

“Unless it feels like Less to More, you will resist it.”Jaemin Frazer

 

 

 

 

 

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.

 

 

 

 

Episode 299 | Sell Everything And Run? Brand New Update From Leah Calnan, President of REIV

If you listened to last week’s episode, you’ll know already that there’s been significant changes happening on the grounds in the real estate industry… particularly here in Victoria with Stage 4 and Stage 3 Restrictions now seriously impacting what we CAN and CAN’T do when it comes to property transactions and inspections across the state…

And since then, we’ve heard from the Commonwealth Bank CEO Matt Comyn on the current health of one of the Big Four and the damage faced to our banking system as they act as “shock absorbers” during the COVID-19 crisis…

.. so the question now is… Is It Time To Sell Everything And Run? And for us living in VIC, Should we flog everything and move to Queensland?!

In today’s eye-opening Q & A, we’re unpacking ALL this, plus – as promised – we have a Brand New Update from Leah Calnan, President of the Real Estate Institute of Victoria (REIV) with further insights into what buyers, sellers, renters, real estate agents & property managers are legally allowed to do in COVID-19 Victoria.

Leah will also be covering what services can still go ahead with up and coming settlements and end of leases… and smart ways to safeguard purchases and sales over the next five weeks.

So. What are we in for?

 

Free Stuff

 

The Questions

Question on Finance from Matt Feeley

If I buy an investment property with equity release and create two loan splits (let’s say 100k equity secured against PPR and 400k home loan). If I sell the PPR in the future to upgrade the family home, what happens to the 100k loan that is secured to the PPR? What are the options? Thanks a lot guys!!

 

Question on Selling Right Now from Cameron Hall

Not really a question, but thought I’d share our experience selling our home recently. Went on market two days after Melbourne went into stage 3, but despite individual inspections and the associated hassle, there was huge interest (25+ groups), and it sold in 5 days, for what we wanted, and a street record     . In a pandemic. No shortage of demand (at least in our area) from what we’ve seen. Hope this helps anyone worried about selling

 

Question from Maximus Decimus Meridias

This is a buy, rent and sell question and although specifically about the Perth market, I think it is valid for all of Australia. The media reported last night that the Perth median sell price has slipped below Adelaide and is 2nd from the bottom with Darwin sitting below Perth. However, the rental vacancy rate is

$200 less than last month and about half of what it was this time last year! I believe I heard you say in a podcast a few weeks ago that potential sellers are holding onto their properties because they know prices are real low. But has distressed selling pushed the median price down? Or are the media looking at stats at a certain point in time which reflects a bad run of  lower cost properties being sold in distress or otherwise? All these stats don’t match up with what I’m hearing about rental vacancy rates in other parts of Australia either.

And finally, we are looking at rentvesting, yet is it better to look at buying in Perth right now, rather than rentvesting or does that depend on the suburb?

 

Question from Hugh Gates

Hi guys, currently building a granny flat on the back of my PPOR at the moment which will be leased. My question is will my serviceability for a future  investment loan be increased if I lease the main residence also? The flip side is that the repayments on the house are lower than the equivalent I would pay in rent ie. Repayments $330 a week, rental $450ish. However the rental income I would generate on the house would be equivalent to that of the rent I would be paying. (Balanced out I guess)

Love the show boys and Stiggy, have listened to the lot and have read one of  your books keen to read the next! Thank you for your time and commitment to bettering others futures be it financial or otherwise!

Edit: sorry NSW based not Vic!

 

Question from Tee Dee

With stimulus being used to prop everything up, is it fair to say that we can expect to see an initial deflation in the market (10-20%), followed by a severe inflationary period as the mass amount of new money finds its way to the bottom of the pyramid when everything opens back up via rents and prices? If we keep our current monetary system the only way to repay this debt is through mass inflation. That tells me to hold my assets,  switch to interest only (despite low interest rates), and pay off my debt using tomorrow’s, devalued dollar. Is this a naive way of thinking? Thanks guys

 

Question from Jamie Attard

I’m hearing a lot of hype of a tree change from our major cities. Is there data out there to back this up and what regional areas are benefiting from this if any?

 

Question from Heath Ian Sullivan

Thoughts on Queensland being bombarded with melbournites trying to  escape from the city?

 

Question from Sonja Mallia

What to do if we have over 200k in offset, and the banks can now use our money if in financial ruins and not pay it back?

 

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.

 

 

 

 

Episode 298 | Property In A State of Disaster – Chat with Leah Calnan, President of REIV and Nerida Conisbee, Chief Economist at REA Group

“Property in a state of disaster.” Yep. You heard it here first, folks…

And there’s no doubt we’re literally making property news with this timely, “double header” episode featuring two of the brightest minds in Australian real estate… (and, no, this breaking news is not “hot off the press”, either… we actually interviewed one of today’s guests BEFORE the press even got to them!! 😲)

Here’s the deal…

With Stage 4 restrictions now here in Metropolitan Melbourne and Stage 3 restrictions all across Victoria… the property market HAS been impacted as a result…

So, not only are we getting the update from the National Representative of Victoria, Leah Calnan, President of Real Estate Institute of Victoria about what we CAN and CAN’T do when it comes to property here in VIC, you’re also going to learn how (and if it’s even possible!) to transact property with these harsh restrictions now in place… and what the next six weeks is potentially going to look like for Buyers, Sellers and Renters.

PLUS, for our folks NOT located in or looking to buy in Victoria right now… our longstanding friend and indeed one of Australia’s best property and economic experts Nerida Conisbee, Chief Economist at REA Group, also joins us for a deep dive on what’s currently happening in the individual segments of the Australian property market, including…

It’s a BIG ep… but we promise there’s plenty of new updates and quality gold in here that we simply couldn’t NOT share with you! (Let’s just say there’s A LOT happening!!!)

 

Free Stuff

 

Here’s A Glimpse Into What We Cover…

  • Pandemic Brings New Rules For The Victorian Property Market… And They’re Not Great
  • How can you transact real estate in Victoria?
  • What are the unintended consequences of these harsh restrictions?
  • What does Real Estate Institute of Victoria (REIV) think about all this?!
  • How many known cases of COVID-19 have come from the real estate industry?
  • Can you still get a new tenant in with these new laws?
  • What about cleaning? Building and Pest Inspections? Pre and Post Settlement?
  • How is Nerida navigating the outlook of the property market when things are uncertain and constantly changing?
  • The September Cliff versus The September Slope
  • Where are we seeing distressed markets?
  • How many distressed sales are we seeing?
  • What’s likely to occur if the pandemic continues into 2021?
  • What is the Pilot Program and Why has it now been derailed?
  • Are investors buying right now?
  • What’s happening to premium property?
  • What are we seeing in the CBD and how will this continue to play out?
  • What on earth is “Revenge Spending” and how will this play a role in getting us through COVID-19?
  • Are predictions of 20 – 30% drops in the property market still relevant?
  • Around The Grounds in The Australian Property Market

 

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.

 

 

 

 

RBA August 2020 – Victoria’s Lockdown Slows The Speed Of Recovery & The Air Is Colder Up High

It’s the first Tuesday of the month… which means the RBA Board has met and announced the official cash rate!

This video features Ben’s update on the cash rate, as well as what the Australian economy is about to face now that The Second Wave is undoubtedly here, particularly in regards to the Stage 4 lockdown just announced in Victoria…

What’s discussed in this Update?

  • The US Politics and Economy
  • Global Equity Markets
  • The ANZ Job Ads Report – Read Media Release here
  • The amended government stimulus packages (Will it be enough!?) – Learn More here
  • ME Bank’s Household Financial Comfort Report – Read Report here 
  • The CoreLogic Report Monthly Index – Learn More here
  • An important update on Australia’s property market
  • A realistic Economic Outlook for Australia
  • Breaking News around the world

 

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

 

 

 

 

 

 

Instagram

Free Resources

What to be notified when there are
new updates & free resources?

  • This field is for validation purposes and should be left unchanged.

×

MONEY SMARTS SYSTEM

Plus We Will Also Notify You When We Release New Episodes

  • This field is for validation purposes and should be left unchanged.

We Only Send You Awesome Stuff

×

SUGGEST A GUEST!

We Only Send You Awesome Stuff

×