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Episode 391 | War of the Property Policies: Which is the Winner?

With the Federal Election fast approaching, you’ve probably heard A LOT of noise around stuff like climate change, international security, and aged care funding… 

But as a property investor, you’re probably wanting to know: 

What do the parties’ property policies mean for you!?!  

We’ll be breaking down and comparing Liberal’s Access to Super policy and Labour’s Help to Buy (Shared Equity) policy and answering: How do they fit into the big picture?!? 

Like…

  • Will either policy help Australia’s economy?
  • Will dipping into your Super help or hinder future wealth creation?
  • And which demographic of people will benefit from which policy? (Plus, LOTS MORE)   

We’ll also be covering Liberal’s existing policies and turning the mic over to…our listeners!!  Yesterday we asked our Facebook Tribe for their questions around both parties’ property policies and MAN we were blown away!!   

You guys gave us a run for our money  (A big thank you to everyone who left us a question!!), and we’ve now got a fantastic lineup of Q’s that we reckon a lot of you are probably wondering too! 

So if you’re ready to get up to date with this year’s property policies and what they mean for YOU, then tune in now!!  

👇 Full list of questions below!! 👇

Questions we Answer

Q1) James Watson:  

“Am I missing something? I genuinely can’t see the benefit of the super housing policy. If you have a 5% deposit, if you qualify for and can service a loan, you will be far better off paying mortgage insurance than gutting your superannuation. Further, if you have a 5% deposit and you have the full $125,000 in your super and you borrow the maximum $50,000 and you’re looking to buy something at around 650-700,000 (ie. you’re not in a capital city), you will still have to pay LMI. So what is the point of this? Seems it will simply drive house prices up”

 

Q2) Marc Hooper 

“Would the LNP be better using Super as collateral against a loan rather than taking it out? Super should be for retirement. 

I feel taking super money out prematurely is bad policy. 

Are they trying to give us all higher interest rates? These policies will increase housing prices feeding inflation and giving RBA the need to raise rates. Do you feel that will lead to higher inflation and maybe rates? 

Love the ALP policy as is. But feel it will feed into inflation. So ill timed.” 

 

Q3) Svend Petersen 

“I reckon the LNP may have just lost the election with this dumb idea. Let’s fix the housing supply problem by increasing demand??? WTF?”  

 

Q4) Matty Tippowicz 

I think both policies are very poor ideas, especially Labor’s. Who the hell would want the government owning 40% of their property? 

 

Q5) Michael In-ski 

I’m a 32 year old professional. My super sits at about 40k today. I don’t know if anyone else is in the same boat as me but doesn’t seem like it’ll get me anywhere. Question: who will benefit from accessing super? Average Age, professions etc

 

Q6) Emma Benic 

What’s to stop someone selling the property, blowing all the cash and then needing the aged pension? 

Will they put stops in place that force funds to go back in to super? Or has this been overlooked?

 

Q7) KeLee Gee 

Access to super: will this be within the current SMSF route? 

Share equity: can people buy out the govnt share of their property? 

At what point the agreement ends? Death? Forced sale or refinance in certain timeframe? 

Both schemes: What are the limitations to type, location, age, condition of the property? 

 

Q8) Graeme Ash 

With shared equity, do you have to pay out their percentage on sale? Once again it would leave them short to make the next step on their journey. 

 

Free Stuff Mentioned… 

  

Here’s some of the gold we cover… 

  • 3:54 – Don’t fall into the trap of S___ P____!  
  • 6:40 – We reckon you should be viewing property policies like THIS… 
  • 9:05 – What is the Super Policy!? (Plus an explanation + history lesson on what Super is)
  • 15:00 – What we think about the Liberal’s Super Property Scheme!  
  • 20:44 – The Older Australians Downsizing Policy (aka. What Ben calls “a golden handshake”!)  
  • 24:50 – What are the Liberals’ other Property Policies?  
  • 27:56 – Labour’s “Help to Buy” Property Policy explained  
  • 31:00 – Why you shouldn’t panic over policies “causing” Inflation (The numbers don’t lie folks!)  
  • 35:34 – Labour’s other policies + Wrap!  
  • 36:25 – YOUR Q&As: Q1 – What’s the benefit of the Liberal’s Super Policy?! (Ben runs a pretty cool simulation here!)  
  • 47:42 – Q2 – Will it lead to higher Interest Rates??  
  • 50:30 – Q3 – Impacts on Housing Supply & Demand  
  • 51:54 – Q4 – Who wants the Gov owning 40% of their property?!  
  • 52:25 – Q5 – WHO will benefit from the Super Policy?  
  • 53:24 – Q6 – What’s to stop someone blowing all their Super & living off the aged pension? 
  • 54:47 – Q7 – Self Managed Super Funds & Buying out the Gov’s share of equity  
  • 57:59 – Q8– Paying out the percentage of the sale 
  • 1:01:05 – Our top takeaways! 
  • 1:05:38 – Listen to this if you’re not a fan of the Super policy!  

And… 

 

Bonusisode with Julia – Tax Planning Tips to Maximise your Returns (Part Two)

Folks we’re back to finish what we started… 

In last week’s Bonusisode we featured Part One of Tax Planning Tips to Maximise your Returns and now, we’re back to give you the rest of the gold!  

We’ll be unpacking… 

  • How to claim travel expenses related to work (especially if you’re a rental owner!)  
  • Is it possible to successfully act as your own accountant and claim travel expenses for properties? Hint: you need to prove this ONE thing to be eligible…
  • The 2 key ways to keep a travel record (Plus Ben gives a life hack which makes recording 100% easier!)   
  • How to determine if you’re eligible for Building Depreciation + when should you get a Tax Depreciation Schedule?!  
  • What’s included when claiming plant and equipment depreciation!? 

Julia also shares an extremely handy tax tip (Just see how excited it makes Ben!)  for those who’ve missed out on creating a property depreciation schedule… 

Spoiler: You may be able to go back and AMEND past tax returns to gain access to these benefits! 

And lots more! So before you get start lodging any tax returns for 2022, listen to this first folks!  

p.s. If you are looking for an experienced and qualified tax accountant, you can reach out to us here 👉 https://thepropertycouch.com.au/tax

Free Stuff Mentioned…

 

Here’s some of the gold we cover… 

  • 1:54 – The 2 ways to keep a travel record  
  • 4:40 – Which record is best for you??  
  • 5:10 – We’re setting THIS common myth straight… 
  • 6:25 – Deducting taxes from travel related to work – what is claimable?!  
  • 8:27 – Can Realtors claim travel expenses?  
  • 9:15 – Defining normal workplaces and being itinerate  
  • 12:15 – Essential rules for transporting others  
  • 13:09 – Recap! (Plus, how to make recording your logbook easier!)  
  • 14:50 – When is TOO LATE to start a logbook?  
  • 16:19 – Successful & unsuccessful examples of claiming travel expenses for Rental Properties!  
  • 19:40 – Should you get an accountant or DIY with a private ruling?  
  • 20:50 – The 3 Key Takeaways…  
  • 25:13 – Is your property eligible for Building Depreciation?  
  • 28:10 – Should you get a Tax Depreciation Schedule?! 
  • 30:20 – The who, what, when and why of SCRAPPING   
  • 32:44 – Plant and Equipment Depreciation: What’s included??  
  • 36:18 – When should you get a depreciation schedule?  
  • 39:25 – Missed out on a schedule? Listen to this for a HOT tip!  
  • 42:50 – So.much.free.stuff!!  

 

Episode 390 | Will Interest Rates CRASH the Property Market?!

With all the buzz around interest rate hikes and inflation, potential market crashes and unpayable mortgage debt, we’ve heard a couple of people feeling anxious about the future… 

We want you to stop. 

Take a step back.  

Breathe. 

And listen to this podcast cos’ we’re not only answering the Q: “Will Interest Rates crash the Property Market?!”, but we’re giving you 7 REASONS why we believe in our answer! (With cold hard numbers to back it up!)   

Can you guess them below!  

  1. S__ E_____   
  2. H____ supply  
  3. I________ 
  4. M_____ Stress Story  
  5. R____ undersupply  
  6. H____ B_____ (This one is often overlooked!)  
  7. H_______!  

 PLUS, we’re diving WAY deeper to cover: 

  • Is now actually a good time to invest in a property (You know, with that famous Warren Buffet quote to be “fearful when others are greedy, and greedy when others are fearful.”)  
  • Why you shouldn’t be investing if you have THIS personality… 
  • What principles should you have front of mind when consuming information about the market?? 
  • How can YOU be the voice of reason?  

Bryce also breaks down success into this ONE attainable thing…Tune in to find out what it is now!!  

P.S. If you haven’t heard…. we’ve got a SPECIAL BONUSISODE for you this week which is all about maximising your tax returns as we bring in the new tax season –  listen in now! 

 

Free Stuff Mentioned… 

  

Here’s some of the gold we cover… 

  • 1:34 – Listen to this part for a WHOLE HEAP of special Bonuses! (An email full of FREE RESOURCES?! You’ll want to hear this…)  
  • 8:53 – All success requires is s_____!  
  • 14:28 – This should be the foundation of your thinking… 
  • 18:16 – How YOU can be the voice of reason! 
  • 25:40 – Got Buyers’ Remorse? Ask yourselves these questions.  
  • 28:30 – OUR ANSWER! (Are we just Prosperity Preachers?!) 
  • 30:28 – Reason #1: S_____ E______  
  • 34:28 – Reason #2: H____ Supply  
  • 38:11 – Lets Data Dive into Reason #2!  
  • 39:18 – Reason #3: I______! aka. We NEED people!  
  • 41:25 – Reason #4: M_____ Stress Story  
  • 44:08 – Another Data Dive! (How bad is the debt?!)  
  • 52:20 – Reason #5: R____ undersupply  
  • 53:45 – Reason #6: H____ B_____ (This is a cultural one! Think “The Castle” folks…) 
  • 57:47 – Reason #7: H_______! 
  • 1:04:54 – Is now the best time to buy?! 
  • 1:07:10 – Don’t invest now if you have THIS type of personality!  
  • 1:12:50 – Give us your Interest Rate Questions!! (Click the tab on the bottom right side of the page)  

And  

  • 1:14:12 – Why Ben HARDLY types anymore (aka. Bryce’s Lifehack for today 😉 
  • 1:16:03 – A breakdown of CoreLogic’s Pain and Gain report. 

 

Free Report: How to Make your Own Super Contributions

It’s almost here folks.

After nearly a year of documenting bills and recording receipts, it’s finally time to whip out the calculators and sharpen those pencils…

Yep, that’s right – it’s the 2022 Tax Season!!

And boy are we excited to get into it!!

Well more specifically, we’re excited to get into all the ways that you can maximise your tax return!

That’s why in our April Bonusisode we invited our favourite Property Tax Guru, Julia Hartman, back to the show to share her knowledge!

But we realised while recording that there was just SO much gold to cover…

That there was only one solution:

To write it down in a report for y’all!! 

Hence this report is ALL about making your own super contributions. We explain how to make them, its implications and how you can measure the $27,500 cap!

So what are you waiting for?

Let’s get started! Simply fill in the form below and we’ll email the PDF to your inbox 😊

 


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p.s. Tune in to the full Bonusisode on Tax Planning Tips to Maximise your Returns (Part One) to hear Julia and our own Ben Kingsley unpacking this report. Start playing from 1 minute 33 seconds folks!

p.s.s On the hunt for a good Tax Accountant? Well, look no further! Book in a free and no-obligation initial consultation with one our Tax Experts here!

 

 

 

 

 

 

 

 

 

 

Free Report: Tax Deductions When Working From Home

We all know that COVID has irrevocably changed how the world works…

From how we interact to travelling regulations, perhaps of the greatest areas affected is the work sphere.

Gone are the 5-day-in-office-rosters and cramped public transport. Instead, we’re now facing a hybrid of home and work office environments with a sea of new devices and platforms to connect us.

But how do these changes affect your 2022 tax return? 

Well, this is exactly what we answer in this free report!!

We’re looking at what taxes you can claim when working from home, how to claim them, AND unpacking how the Australian Taxation Office (ATO) will try to deny your claim.

Basically, we’re looking at how you can maximise your returns this 2022 tax season!! 

So what are you waiting for?

Let’s get started! Simply fill in the form below and we’ll email the PDF to your inbox 😊


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p.s. In fact, we’re so passionate about maximising your returns this 2022 tax season that we featured a whole Bonusisode around it! Tune in as our favourite Property Tax Guru, Julia Hartman, and our very own Ben Kingsley unpack this report. Start listening from 10 minutes and 48 seconds!

p.p.s. On the hunt for a good Tax Accountant? Well, look no further! Book in a free and no-obligation initial consultation with one our Tax Experts here!

 

 

 

 

 

 

 

 

 

 

Free Report: Year-end considerations for Rental Property Owners

As the year draws to a close, we begin reflecting on the changes we’ve made over the past year…

Wait – we’re not talking about Christmas or the end of 2022!

We’re talking about the end of the financial year for property investors!!

This time is all about recording those new changes to your homes – be it repairs, renovations or improvements – and submitting them in your 2022 tax return!

This report covers what you can claim when doing either of these three (plus what isn’t tax-deductible) and what general deductions you can make.

Simply put, we’re trying to share some tax tips to maximise your return this tax season!! 

So what are you waiting for?

Let’s get started! Simply fill in the form below and we’ll email the PDF to your inbox 😊

 


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

 

p.s. Tune in to the full Bonusisode on Tax Planning Tips to Maximise your Returns (Part One) to hear Property Tax Guru Julia Hartman and our own Ben Kingsley unpacking this report. Start playing from 32 minutes 56 seconds folks!

p.s.s On the hunt for a good Tax Accountant? Well, look no further! Book in a free and no-obligation initial consultation with one our Tax Experts here!

 

 

 

 

 

 

 

 

 

 

Bonusisode with Julia – Tax Planning Tips to Maximise your Returns (Part One)

As the old saying goes…

“By failing to prepare, you are preparing to fail”. 

And folks, we believe this holds true today which is why this Bonusisode is all about organising your taxes in the lead up to 30 June 2022!! (Part one)

This is the 2nd episode from our NEW Property Tax education series called Talking Property Tax with Julia Hartman where we give YOU hot tips and tricks to boost your returns and avoid tax traps. 

(Pssst – check out  Episode 1: The Top 5 Tax Rules Every Property Investor Must Understand here!!)

In today’s episode, we’re covering…

How to top up your own super…  

The BEST bookkeeping practices everyone should implement (Like what records should you keep and how long you should keep them for!!)  

AND we’re also giving you handy tips for claiming car and travel costs!!  

We’ll also be putting on our property investors’ hats to unpack the difference between Improving vs. Repairing in the eyes of ATO!

But that’s not all!!   

To help illustrate what we’re talking about in today’s episode, we’re also giving you 3 FREE reports on:  

  • How to make your own Superannuation Contributions 
  • Tax deductions when working from home 
  • Year-end considerations for Rental Property Owners 

Just fill out the forms below to download them now!  

  • Select the FREE reports you'd like to download!
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There is tons of gold in this Bonusisode so tune in now!

p.s. If you are looking for an experienced and qualified tax accountant, you can reach out to us here 👉 https://thepropertycouch.com.au/tax

p.p.s Make sure you stay tuned for Part 2 where we hone in on maximising your claims with travel, plant and equipment deductions!!

 

Here’s some of the gold we cover… 

  • 1:33 – How to make contributions to your Super  
  • 4:09 – What benefits do you get from topping up your Super??
  • 10:48 – Pitfalls of the home office claim 
  • 13:24 – What should you be recording when bookkeeping?  
  • 17:00 – Should you bother claiming your utility bills in the home office?  
  • 18:37 – Listen tothis if you’re self-employed!  
  • 19:56 – Let’s Recap!  
  • 20:35 – Must-knows with car and travel claims!!  
  • 26:53 – Property Taxes and Interest in Advance  
  • 27:50 – Why 2022 is a (relatively) LOW tax bracket!  
  • 32:56 – Repairs vs. Improvements  
  • 36:01 – Example 1: Repairing a roof  
  • 37:37 – Example 2: Carpet to Floorboards 
  • 41:18 – What is plant equipment?  
  • 43:13 – Understanding different depreciation schedules… 

 

Episode 389 | Interest Rate Rise: What this means for YOU! – Chat with Evan Lucas

Right. Let’s get this out of the way first… 

Interest rate rises shouldn’t be scary!  

There might be some panic-inducing headlines floating around (Especially after the Reserve Bank of Australia’s announcement to raise interest rates for the first time in over a decade)  

But in reality, rising interest rates are not bad! 

To help us explain why this is true, we’ve got a NEW guest on The Property Couch… 

Meet Evan Lucas, Chief Market Strategist at InvestSmart! He is an accomplished financial markets professional who has been investing in and researching global markets for more than a decade!

Evan gained experience at several top-tier global institutions and has worked with the likes of ABN Amro, the Royal Bank of Scotland and RBSMorgans!!  

On top of debunking this idea, we’ll be uncovering… 

📈 Why the RBA has decided to lift interest rates now, 

📈 How inflation psychology actually works (plus how to flip your mindset around it!)  

📈 And of course, does this change mean you should go with a fixed or variable interest rate?!? 

(PLUS, the RBA and politics, predictions for the future, AND SO MUCH MORE!!!) 

Evan will also be sharing his money story growing up and explaining what the GREATEST ASSET you can buy with money is! 

So tune in now to cut through the noise and understand the who, what, and why behind rising interest rates!  

 

Free Stuff Mentioned… 

  

Here’s some of the gold we cover… 

  • 2:10 – Stay close to your Mortgage Brokers folks! 
  • 3:00 – Don’t get anxious…get understanding!!  
  • 4:22 – Welcome Evan Lucas!  
  • 5:30 – Evan’s journey to where he is today… 
  • 10:35 – The elephant paradigm! 🐘 
  • 15:02 – Money can buy you the greatest asset of all: T____.  
  • 26:08 – What does buying T___ look like in everyday life?  
  • 30:02 – Why is the property market so special?!?
  • 34:44 – Evan explains the reasoning behind the RBA’s cash rate hike (and what “The 3 Mandates” are!)  
  • 38:45 – How to flip your mindset folks!  
  • 45:51 – Why the rising interest rates shouldn’t be scary! (And it’s actually a…positive?!)  
  • 48:03 – How does inflation psychology work??  
  • 52:04 – How is the global economy and supply chain influencing Australia’s market?  
  • 55:15 – Breaking down Australia’s employment figures!  
  • 1:01:04 – Should folks choose fixed or variable interest rates??  
  • 1:04:51 – What we predict for the future!  
  • 1:09:39 – Will the RBA’s decision impact the Federal Government’s Election??  

And… 

  • 16:23 – Let’s recap: How to buy your time back and why rising interest rates are good!  
  • 1:20:49 – Never waste time re-opening tabs again (This one’s for you Google Chrome users!)  
  • 1:22:15 – Beware Scammers folks! Listen to this to understand how they work.  

 

RBA Cash Rate May 2022: Cash Rate to 0.35% – Find out what’s next here!

As we speed through the first half of 2022, we’re back with another announcement from the Reserve Bank of Australia!  

The RBA’s May update is not only packed with global economic news from the ongoing war in Ukraine to China’s hard lockdowns but sees the RBA raise interest rates for the first time in 11.5 years.  

Tune in now to hear Ben’s evaluation of the update and his predictions for the future!   

 

Here are our three other key themes for this month’s economic 

  • Global inflation,
  • The impacts of global interest rates, and 
  • What the RBA did today… 

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

  • The World Bank and IMF cuts 2022 Growth Outlook  
  • How Russia’s invasion of Ukraine is impacting the global economy 
  • China’s COVID crisis: will they relax their policies?  
  • The macro drivers behind global inflation: How long will it last?  
  • Why the RBA has decided to hike interest rates… 
  • The US’s mixed economic report  
  • Low unemployment levels, falling consumer sentiment and the lack of wage growth data in Australia.
  • CoreLogic’s Home Value Index – May 2022 
  • And heaps more!  

 

 

 

 

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

 

 

 

 

 

 

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