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410 | What Happens Next? Market Reset, Rental Crisis and How To Solve It All! – Chat with Eleanor Creagh

By in Podcast

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Want to know what’s actually going on with Australia’s anxiety-inducing rental crisis?  

Or where the market is really heading (based on insider’s data and knowledge?!)  

Well folks, we’ve got an extremely wise and exciting guest sitting on the couch today to share just this! Please welcome…. 

Eleanor Creagh!  

She is the Senior Economist at REA Group (the brains behind realestate.com.au) and is a trusted financial commentator.  

Specialising in property, financial markets and macroeconomic policy, she has a wealth of experience and knowledge within both domestic and international markets, and… 

She’s here to share all of this knowledge today!  

Here’s a sneak peek of the Q’s she’s tackling… 

👉 Is the Commuter belt boundary extending??
👉  Are we truly locked and loaded for a market crash? 
👉 Will Units vs. Houses be favourable in this cycle? 
👉 How do the experts identify we’re in a rental crisis and more importantly, how do we get OUT of one?!? 
👉 What is a realistic market forecast for 2022/23?
👉 How much further will interest rates really rise? 

 And so much more!!  

(Including how she made her life changing career jump, from studying Veterinary Medicine…and ended up in Australia!!)  

Tune in now to discover what the data reveals about today’s market, and where it’s really headed! 🤓  

 

Free Stuff Mentioned… 

  • Want to be on The Couch? We’re calling all potential 2022/23 Summer Series Guests! If you’d like to share your story, reach out to Stig here (We’d love to hear from you!!). 
  • PIPA’s 2022 Breakfast – The Property Investment Professionals of Australia (PIPA) is hosting a breakfast seminar! The event will feature an expert panel who will discuss the future of property investment, especially in light of QLD’s New Land Tax. Click to get your tickets.  
  • Read the results from PIPA’s Annual Property Investor Sentiment Survey 2022 here, and its official statement on its findings here.
  • For more from Eleanor Creagh, read her articles published on realestate.com.au
  • Leave us a Question! Have a problem you don’t know how to solve? Ask us on our SpeakPipe now. (Plus, you’ll get a free Start & Build course!) 

 

Want to work with Bryce & Ben’s Award-Winning Team? 

 

Here’s some of the gold we cover… 

  • 0:00 – The Incoming Gold! 
  • 2:31 – Exciting things on the horizon! (Don’t miss your chance to get on the couch!)  
  • 3:47 – The world is not driven by greed, it’s driven by E_ _ y!  
  • 6:43 – Introducing Eleanor Creagh!  
  • 7:40 – How Eleanor went from Veterinary Medicine to…Economics?!?  
  • 10:25 – Her First Job & Moving to Australia! 
  • 12:07 – Getting fined by the family ledger 😂  
  • 14:12 – From financially conservative to becoming a confident investor 
  • 16:25 – Australia vs. UK’s Property Market  
  • 17:37 – Trends REA’s observing in the 2022 market…  
  • 21:33 – This is how realestate.com.au tracks demand!  
  • 22:54 – Have Australia’s Auction Rates found their bottom?!  
  • 24:54 – Measuring Buyers Intent: how many folks are still property hunting?  
  • 27:27 – Unpacking markets within markets!  
  • 30:20 – Is the Commuter Belt expanding?!? 
  • 32:43 – Immigration & The Regional Shift!  
  • 34:51 – The Big Rental Squeeze  
  • 36:50 – How To Solve Australia’s Grand Rental Crisis  
  • 38:51 – Houses Vs. Units: What will we see favoured in this market cycle?  
  • 41:18 – We see THIS in every market cycle… 
  • 42:00 – APRA’s immovable buffer rate: what does it mean for you?? 
  • 48:05 – Eleanor’s Crystal Ball: What can we expect from the RBA and its interest rate?  
  • 52:27 – Is inflationary pressure set to ease?  
  • 54:08 – Realestate.com.au’s ultimate 2022 outlook  
  • 55:21 – Predictions of Each State  

And… 

  • 56:33 – Reflecting on the chat today… 
  • 58:59 – What folks need to do over the next couple months!  
  • 59:56 – What does your phone know about you??  
  • 1:02:43 – THIS is what we discovered from PIPA’s Sentiment Survey (Spoiler: QLD’s land tax is NOT helping the market!)  
  • 1:08:55 – This is the group that will suffer the most…🙁  
  • 1:11:35 – No less than a 300% increase?!  
  • 1:13:32 – Stay tuned….We’re flying to the Premier’s office next week!?!

 

Bonusisode with Julia – Your Ultimate Guide To Reducing Tax on Vehicles, Private Insurance & Land

By in Free Resources, Podcast

IMPORTANT NOTE: This recording was filmed and produced before Queensland’s Land Tax was scrapped.

With a number of policy changes on the cards, in our third episode of “Talking Property Tax with Julia Hartman,” Ben and Julia cover…

  • Salary Sacrificing For Cars: How do Salary Sacrificing and Novated Leases work? Plus, how can you tell if either is beneficial for you?
  • Electric Vehicles – What are the changes to Federal Government’s policy and when is the best time to buy?
  • Private Health Insurance – Is it worth it?
  • QLD Land Tax Changes – How can you get around it?

Together they’ll reveal how these policies work and what actions are worth taking to reduce your tax repayments.

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

 

Free Stuff Mentioned…

 

Here’s some of the gold we cover… 

  • 0:00 – What we’ve covered so far…
  • 3:29 – Salary Sacrificing For Cars
  • 9:02 – What are the potential tax savings?
  • 12:31 – Is it a case-by-case basis?
  • 15:31 – When to Buy an Electric Vehicle?
  • 17:41 – Instant Access Write Off
  • 20:20 – The fine print (how to make sure you’re covered!)
  • 25:16 – Private Health Insurance – The history of the Medicare Levy
  • 28:32 – How to avoid the surcharge!
  • 36:14 – Is it worth it?
  • 38:35 – QLD Land Tax Rules Change
  • 44:03 – A Real Case Study
  • 47:06 – Ben’s predictions for the future…
  • 47:45 – How can you get around it?

 

409 | Having It All: How To Make Every Move A Winner!

By in Case Study, Podcast

Folks often believe that it isn’t possible to achieve everything they want in life.  

But what if, with the right sequencing and frameworks…

It was possible to tick off everything on your bucket list?! 

What if you could make every investment decision a “winner”, helping you to achieve your dream lifestyle? 🤯

This is what we’re uncovering today with a real case study featuring Kevin & Bernadette (Not their real names): a young couple who are planning to achieve it all:  

👉 Start a family with 2 (or 3) kids, 

👉 Continue to build an impressive property portfolio that’ll earn them an $80K passive income, and  

👉 Have a comfortable transition into retirement. 

Starting off with an investment property that isn’t faring so well but with 2 steady incomes, we uncover how – through the power of frameworks, sequencing and paper trading – they can achieve ALL their life goals. 

So how will they do it?!   

Listen now to find out! 🤸‍♀️🤸‍♀️🤸‍♀️ 

 

Free Stuff Mentioned… 

 

Want to work with Bryce & Ben’s Award-Winning Team? 

 

Here’s some of the gold we cover… 

  • 0:00 – The gold this week!  
  • 1:07 – What’s New: A homage to the Queen, PIPA’s Breakfast & the Premier of NSW is coming on the couch?!  
  • 7:57 – Something HUGE is coming!!  
  • 9:36 – The 3 Critical Things That Help With Luck  
  • 11:07 – Today’s Case Study… 
  • 13:02 – Let’s just acknowledge this… 
  • 13:19 – Where are Kevin & Bernadette in life??  
  • 16:07 – So, why did they seek help?? 
  • 18:22 – The Google Maps Analogy!  
  • 21:20 – Their Goals: Retiring, Passive Income & Their Plan!!  
  • 23:04 – What were their big-ticket items?!  
  • 24:16 – We actually recommended THIS (We never do this!)  
  • 25:18 – …and this is why we recommended it.  
  • 28:20 – Why NOW is a good time to invest or upgrade to your dream home!!  
  • 29:25 – The problem with their set-up…  
  • 31:14 – This is a classic example of the Buyers Quadrant!  
  • 31:50 – What sequence this couple should follow!  
  • 34:25 – The Third Kid: The value of stress testing your buffers! 
  • 36:05 – What are the challenges this couple is facing??  
  • 37:07 – Maternity Leave & Cash Flow!  
  • 42:42 – What to consider when thinking about having children!  
  • 45:44 – Split Loans: How to tidy up money structures!!  
  • 48:10 – What does their final plan contain?  
  • 51:06 – The Essential Frameworks  
  • 52:40 – The 4 Steps To Build A Property Portfolio  
  • 55:30 – Come join us on the couch! Be our next Summer Series Guest!  

And… 

  • 57:12 – Ever wanted to “Google” where an image is from?! Try this life hack… 
  • 58:56 – Super and Build-To-Rent – will it happen??  
  • 1:01:03 – A Downward Spiral… 
  • 1:02:14 – Auction Clearance Rates: the future not so clear?! 
  • 1:03:07 – Ben’s predictions on RBA’s Interest Rates  

 

Episode 408 | Is It Time To Sell Up?!

By in Podcast, Q&A

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To sell, or not to sell, that is the question being asked by Queensland’s property investors.   

We’re back with yet another gigantic Q&A, involving one of the most contested issues in Australia’s property market: Queensland’s New Land Tax.    

And as Jean, one of our listeners asks, “Is it time to sell up?!”    

We’ll be revealing the realistic options that property investors have and as Bryce says, how to defeat “the monsters under the bed” when it comes to scary situations like this.   

Plus, we’re diving into where all this money created by higher rates is going, (Who actually benefits from it?!)   

And we balance out these topical questions with some evergreen challenges faced by investors like…  

How to keep investing when your income unexpectedly halves – like going on Maternity leave – and how to break free from the prison of cross-collateralisation (aka. Cross securitisation)!   

 There’s tons of new and old wisdom for you today folks, tune in now!!   

 

 

P.S. The Property Investors Council of Australia (PICA) have missed an invite to the crucial QLD Housing Summit. If you, like us, believe that having the voices of private “mum and dad” investors is important, please help us out!  

Tweet (or re-tweet) “Bring the Property Investors Council of Australia  (#PICA) along to the @QLDLabor 2022 Housing Summit!” on Twitter. 

We’d love to be able to represent these everyday investors and repeal the Great Queensland Renter’s Tax. 

 

 

Questions We Answer…

Q1 Jim on Interest Rates – where does the extra money go?  

Good day Bryce and Ben and Ivise, 

How are you? 

My questions is around interest rates going up and what happens to the extra money that’s collected from mortgage payments?
Do the banks get their cash from the RBA?
If so, where does that extra money actually go? 

I understand that some money can come from offshore. The banks getting the (inaudible) to extra cash. The difference between from what they can source their money atand what they’re charging in interest rates? 

It’s good to know what happens there.
Keep up the good work.
Love the podcast.
Cheers! 

 

Q2 Bec Muser on What to do now we’re on Maternity Leave? 

Hi guys. 

Hoping you could talk about maternity leave. 

I have only recently started listening to your podcast and I think about 5 new episodes a day and 78 previous episodes deep. We had a baby pre-term so I’ve been dropping to and from hospitals and you guys have been keeping me sane. 

Our pre-term baby mean that our maternity leave situation started 15weeks earlier than we had planned. While that has not financially impacted us in terms of lives management, it has put a big bump in the road for our property investment goals. 

We have 1 investment property where we successfully access 225k worth of equity from that property and have that in the bank all done in Sydney.  We also have 75k worth of savings on top of that the 300k in the bank ready to go but I’m now on half pay maternity leave for the next 6months. We’re just wondering what’s the best course of action is now in terms of do we sit and wait or is there something that we should be doing even though we’re on maternity leave. 

Thanks guys. 

Q3 Mel on Cross Collateralised Properties 

Hi guys, it Mel here.

Big fan. I’ve listened to all of your episodes. My dad and I even purchased your educational series and listened to all them. We even bought an investment property together so thank you for that.

On my own property journey, I have my principal place of residence which is an apartment in Sydney and have recently just purchased another apartment.

As you guys have said sometimes the bank don’t cross collateral without telling you and that’s exactly what happened. So going back I’ve re-listened  to your episodes to educated myself again so we need a gold nuggets in there to listen to and I’m going to my bank to have a discussion and because of the particular way I had set up is to defend space, I am a member of the army, I actually couldn’t take the equity out of it and cross collateralisation was the only way to buy the 2nd investment property on my own portfolio.

So my option now is either to save up to deposit and go ahead and buy another property and do it the proper way where I’m not cross collateralising or I can try and uncross them now with a savvy mortgage broker as you say or option 3 is to is to save up if this is even an option. 

My question is can I leave 2 properties crossed collateralised on the 2nd property, take out the equity, liquidised it and then get another property? Or once you start the cross collateralisation, is that it?

Any advice you can give would be great.

Do I uncross now?

Q4 Jean on  QLD land tax – should we sell up? 

Hi I’m an investor in NSW and my name is Jean.

Given the news out in Queensland, is it time for all investors to sell out their properties in Queensland and get out because it is really unfair to us that we also have to pay taxes for our properties outside of  Queensland?

Thank you.

 

Free Stuff Mentioned… 

 

Want to work with Bryce & Ben’s Award-Winning Team? 

 

Here’s some of the gold we cover… 

  • 0:00 – The gold you’ll hear today! (Minus Ben 😉)  
  • 1:11 – Guess who’s benched… 
  • 5:20 – You can get “good enough” at almost anything in 20 hours… 
  • 7:16 – Ben’s Bonus Life Hack!  
  • 8:42 – Q1) Interest Rates – where does the extra money go? 
  • 9:56 – How do banks source their money?  
  • 13:13 – And how banks pay back this borrowed money!  
  • 16:00 – A quick history of the Reserve Bank of Australia (RBA)!!  
  • 16:54 – What does the RBA do?  
  • 17:55 – Don’t be fooled folks, THIS is the biggest commodity in the world!  
  • 19:33 – Q2 What to do now we’re on Maternity Leave? 
  • 21:22 – You only need these 3 things when buying an investment property… 
  • 23:25 – THIS is why you need a letter from your employer 
  • 24:29 – These are the things that lenders will inspect!  
  • 26:55 – Folks, make sure you get tax advice…  
  • 27:45 – What we’d recommend!  
  • 28:28 – Psss…we forgot to say – Leave us a question and get this for free!  
  • 29:17 – Q3) Cross Collateralised Properties 
  • 31:29 – Is it really terminal!?! 
  • 31:47 – This is how they could release equity… 
  • 33:30 – Why we encourage UN-CROSSING Cross Securitisation!  
  • 34:36 – How an investment-savvy mortgage can help…(And if you’re looking for one, why not try our mortgage brokers! Book a free, no-obligation here)  
  • 38:32 – Joint liability: What is the best way to manage it?  
  • 40:25 – Q4) QLD land tax – should we sell up? 
  • 41:07 – The scariest part about this question…. 
  • 42:21 – The Gov is refusing to release its modelling?!  
  • 43:40 – The Bigger Issue 
  • 44:16 – The Crazy 1985 Negative Gearing Mistake  
  • 45:01 – NSW’s 2005/06 Stamp Duty  
  • 46:03 – The options folks have  
  • 48:10 – Why are we seeing rising rents across Australia?! (What State Govs should be doing…)  
  • 50:05 – Our Answer!  
  • 52:45 – How to get rid of the monster under the bed!  
  • 54:25 – Here’s to THESE investors…  
  • 56:20 – Why do we have this confidence?? 

And… 

 

RBA Cash Rate September 2022: From Trough to Peak: How Bad Is Today’s Market?

By in Podcast, RBA Announcement

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Inflation is at a 20-year high at 6.1% – and continuing to rise.  

So how has the Reserve Bank of Australia responded in its September cash rate?  

Tune in to find out and uncover if Australia’s cash hikes are set to slow down soon…or if the RBA’s new forecast reveals otherwise. 

Across the globe, the inflation story continues to unfold and trade tensions between Russia and the Eurozone simmer. We see oil prices and energy suppliers shifting which leaves the question: How will it impact Australia?  

Plus Ben unpacks these key themes in this month’s economic update: 

  • The US Fed’s warpath against inflation   
  • RBA is back at it again with another rate rise  
  • Why APRA must act now to reduce its buffer rate 
  • The trough and peak results in Australia’s property market during COVID 

 

Quick tip! If you’re keen to forecast your cashflows through this period, use the handy MoneySTRETCH feature on our free money management platform, Moorr. Click here to sign up or log in. 

 

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

👉 Outcomes from Australia’s Job Summit and how immigration will affect our economy

👉 China’s stimulus packages and the economic impacts of its zero COVID policy

👉 The RBA’s updated forecast for the future

👉 Job vacancies vs. Unemployment rate: Which is higher??

👉 Consumer Confidence put to the test (Have we curbed spending?!)

👉 Wage Growth and its effects on Borrowing Power

👉 Housing prices tumble

👉 Housing Credit and Building Approvals figures: Is there a housing shortage on the cards?

👉 CoreLogic’s Home Value Index – 1 September 2022 

And much more! 

 

Additional free resources:

🔥 Episode 169 | Alan Oster – NAB’s Group Chief Economist – on Interest-Rate Rise, Tax Cut and The Future of Residential Property

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

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

🔥 Episode 404 | What do Inflation, Interest Rates & Broccoli have to do with Property?!

 

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

 

 

 

 

 

 

406 | How to Beat the Banks at Their Own Game

By in Podcast

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Market sentiment is in a hairy place. 

Every day costs are rising, people are worried and purse strings are being pulled tighter.  

So how can you make sure you’re not leaving any money on the table?  

Well, from our experience, one of the biggest “money pits” people fall into is their mortgage loans. Specifically, folks don’t know how to find – and maintain – the best rate for them.  

Here’s the deal… 

When folks first start with their mortgages, all the banks are jumping with great offers. But it’s what happens after they’ve have been with a bank for a while that stumps them. 

How can they continue to stay on the best rates (and pay off your mortgage quicker) when banks are too busy offering their best deals only to new clients?!   

That’s why in today’s episode, Bryce & Ben are consolidating their insider’s knowledge and experience to give you the 7-lesson cheat sheet on… 

How to beat the banks at their own game.  

There’s tens of thousands of dollars on the line if you don’t play the mortgage game right, so tune in now! 😱😱😱 

 

Free Stuff Mentioned… 

  • Discover the TRUE cost calculator (How to Calculate Profit from Property Investment) here. 
  • Want to take the “Do it With Us” Approach? Check out our YouTube Channel for regular insiders gold on property investing and building wealth.  
  • Rather take the “Get it Done for You Approach”? Our team would love to have a free, no-obligation chat with you! Start a conversation with us today. 
  • Watch our short and sweet “Don’t Leave Money on the Table – Moorr Series” here.  
  • Free Money Management Platform – Want more out of your finances? Try moorr here.  
  • Listen to our latest episode (which reached #2 on the iTunes Chart!): Episode 405 | Why the Great Australian Renter’s Tax is Everyone’s Problem!? 

 

Want to work with Bryce & Ben’s Award-Winning Team? 

 

Here’s some of the gold we cover… 

  • 0:00 – What’s in store…  
  • 2:20 – A kind review + could you do us a favour?  
  • 4:44 – Principles vs. Self-Interest  
  • 8:50 – The 4 ways banks make money off customers  
  • 13:45 – How “sticky” are you? 
  • 14:55 – #1: Lenders Go on Sale – Why do they do it?  
  • 16:08 – Folks, start to think of your mortgage as a c_m_ _d_ty!  
  • 19:30 – #2: Published Rates Are Negotiable  
  • 19:50 – What is a Highly Prized Client?  
  • 22:20 – How can you get the best deal?  
  • 23:00 – Why is property investing an insider’s game?! 
  • 25:51 – #3: Discount Rates can be Misleading 
  • 27:09 – Watch out for this common trick!!  
  • 29:25 – #4: Comparison Rates  
  • 30:14 – The real problem with these rates… 
  • 30:56 – How are comparison rates calculated??  
  • 32:47 – What the…The TRUE cost calculation!  
  • 37:04 – A quick disclaimer (This is a snapshot folks!)  
  • 39:48 – #5: The Loyalty Tax 
  • 40:48 – Why new borrowers get better deals 🙁  
  • 43:15 – Don’t overpay because of THESE money pits… 
  • 44:59 – Do these things and see how you benefit!  
  • 48:17 – #6: Bank’s Customer Service & Retention Teams – what do they do? 
  • 50:00 – You can expect this to happen when you decide to leave…  
  • 52:22 – This is how an investment-savvy Mortgage Broker will really benefit you… 
  • 54:00 – Don’t get mad – get even! (Don’t be this person)  
  • 56:01 – #7: Complexity is Real 
  • 57:17 – Why 72% of all lending today is handled through Mortgage Brokers…  
  • 1:02:50 – Having a Broker is like having a partner!  
  • 1:04:48 – What should you do next?  
  • 1:06:00 – Want to learn more? Check out our newest Moorr video series here.  

And… 

  • 1:06:50 – Here’s how you can take action today folks.  
  • 1:08:33 – If you’re keen to have our brokers do your review, select Finance and Loan Structure when booking your free, no-obligation consultation here.  
  • 1:09:49 – Why the Greedy Property Investor narrative is FALSE (1 man and 283 properties?!?)  
  • 1:12:58 – This is the worst outcome for tenants… 

 

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