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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… 

 

405 | Why the Great Australian Renter’s Tax is Everyone’s Problem!?

By in Podcast

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Note: This recording was produced before Queensland’s Land Tax was scrapped.

Folks — full disclosure — today’s episode was NOT originally in the plan.

It is, however, an issue that is so insanely important that we switched things up…

Today you won’t be listening to Bryce & Ben of The Property Couch.

Today you’ll be listening to Bryce interviewing Ben Kingsley as the Chair of the Property Investment Professionals of Australia (PICA) on Australia’s greatest renter’s tax ever introduced.

We’re talking about Queensland’s New Land Tax.  

Here’s the deal…we’ll be examining what this means for renters and property owners across Australia, the repercussions yet to come and covering what is at stake for Queensland’s future.   

As Ben says, “there are no winners here.”   

At the heart of today’s show is the issue of government intervention and the rising rents left in its wake…   

We’re breaking down who the Australian Prudential Regulation Authority (APRA) are and taking a frank look at the unintended consequences that many of its reforms have had over the past decade. 

 

Strap in folks, this is an important episode that affects us all.   

 

P.S. And if you find this as disturbing as we do, you can make a positive change.  

The Property Investment Professionals of Australia (PIPA) is currently running its 2022 Sentiment Survey which allows everyday folks to have their thoughts heard on issues such as Queensland’s Land Tax.  

By having this data, organisations such as PIPA have the numbers to fight against tax reforms for the everyday mum and dad investors. Click here to fill out the survey now.  

 

Free Stuff Mentioned… 

 

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

 

Here’s some of the gold we cover… 

  • 0:00 – What’s in store today?  
  • 3:33 – Time is running out! Have your say in PIPA’s 2022 Sentiment Survey now.  
  • 5:02 – It’s more important to START folks  
  • 7:33 – Who is PIPA?  
  • 8:20 – The media’s depiction of Property Investors: Is there any merit?  
  • 11:55 – Who are the 3 types of renters??  
  • 17:04 – THIS is the largest group of renters in Australia… 
  • 17:48 – Our 2 Key Observations (Beware the Struggling Tenant Story!)  
  • 18:10 – Why Gov. Intervention = Rising Rents!!  
  • 21:19 – APRA’s 2017, 2019 & 2021 reforms  
  • 23:09 – And their unintended Consequences!  
  • 25:12 – Folks, rents have just caught up with inflation… 
  • 26:40 – This is a win for the big banks  
  • 28:20 – The Rental Crisis: These have contributed to what we’re seeing today….   
  • 30:47 – Tenancy Reforms: Where has it been introduced already?  
  • 32:51 – Regulations affect the ___ properties the most!  
  • 35:00 – Why Tenancy and Landlord Disputes aren’t what you think… 
  • 37:30 – REIWA’s 2022 Report: What are these regulations really costing? 
  • 40:09 – Ben’s big message to tenants and renters  
  • 41:05 – THIS is what happens if investors hold or fold…  
  • 41:39 – Meanwhile in the ACT: 11% of ACT’s rental stock gone in 6 months?!?  
  • 44:10 – What most folks forget about property investors  
  • 48:15 – In Summary…  
  • 49:08 – Land Tax 101 
  • 54:14 – What is Queensland’s Great Renter’s Tax?? 
  • 57:46 – What does this mean for property owners and renters today?  
  • 1:03:16 – We analysed 102 portfolios… 
  • 1:05:45 – What is at risk for Queensland in the big picture?  
  • 1:09:46 – Why this is EVERYONE’S problem (There are NO winners folks!!)
  • 1:17:50 – What can you do to make a positive change?  

And… 

  • 1:20:18 – Are you bringing global or local benefit?   

 

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

By in Podcast, Q&A

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With higher interest rates and tighter budgets on the forecast, some folks have been left wondering… 

“How does lifting interest rates – when everything is already so expensive – actually help with inflation??” 

And for today’s episode – what do interest rates and inflation have to broccoli and property?! 

 

To answer this, we’re holding a special 101-crash course in inflation to explain why the Reserve Bank of Australia has taken its course of action and Ben dovetails it all together to demystify how it impacts and interacts with the Australian property market.  

And since it’s a massive Q&A Day, we’ve got tons more inflation-themed questions from folks probably wondering the same things as you! We’re unpacking… 

  • Debt to income ratios (aka. the tool banks use to assess your credit worthiness): how can you restructure your debt to best benefit you?  
  •  And for investors wanting to release equity – beware! We’ve recently been hearing certain tax schemes that can reduce your 20-year loan to …4 years?!  

 

Tune in now folks, this episode has tons of gold on inflation to help you get through these rate hikes.

 

Free Stuff Mentioned… 

  • Fill out PIPA’s 2022 Sentiment Survey: Folks, this year’s Sentiment Survey by the Property Investment Professionals of Australia (PIPA) is perhaps one of the most important ones we’ve had yet! Let us know your experiences as an individual in the property market and have your voice heard. Complete the survey here.  
  • BingeGuide to Property, Finance & Money Management – Download here  
  • FREE eBook – Make Money Simple Again  
  • FREE Book (Just pay for shipping!)– The Armchair Guide to Property Investing  
  • Introducing moorr: our newest evolution of the MyWealth Portal! Check it out here.  
  • Let us know how we’re doing! We want to know if we’re doing the right thing. Leave us a review here and let us know your thoughts.  
  • Watch the RBA’s August Announcement here: Hear the Reserve Bank of Australia’s newest cash rate here.  
  • Send us a question: Be featured in our next Q&A episode! Send us a Question via the SpeakPipe widget here.   

 

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

 

Here’s some of the gold we cover… 

  • 0:00 – A preview of today 😊  
  • 2:00 – The Sentiment Survey + tons of other free resources here!!  
  • 6:38 – 4 Golden Statements that Charlie Chaplin gave us…  
  • 8:52 – Q1) Inflation, Interest rates & Broccoli 
  • 10:11 – Inflation 101: Key concepts to understand!  
  • 12:21 – Was inflation imported into Australia???  
  • 12:59 – THIS is what happens if inflation gets out of control… 
  • 13:52 – So why has RBA taken this course of action??  
  • 15:14 – It’s about creating B_f_e_s  
  • 16:34 – Why Australia’s culture + housing system will ensure we will prevail!  
  • 18:14 – It’s because of these that lettuce and broccoli is expensive!  
  • 20:10 – The Reserve Bank of Australia’s 2 Goals  
  • 21:10 – Q2) Withdrawing Equity and Offset Mechanics 
  • 22:14 – Let’s be clear! This is a finable Tax Scheme!!  
  • 24:24 – Beware of people selling this theory… 
  • 26:20 – Folks, we see so many people make these mistakes!!  
  • 29:12 –How we would solve this…  
  • 31:30 – Going Liquid: Listen to this for options for releasing your equity!  
  • 35:10 – Q3) When Should I buy again? 
  • 37:40 – Should Ben (The question-asker) buy local?? Go through this thought process folks!  
  • 39:30 – The Commuter Belt Reset  
  • 40:04 – Why this question is really about Cost vs. Benefit!!  
  • 41:24 – How do CFOs, CEOs, Paper Planning and this question relate??  
  • 44:02 – Q4) Debt to Income (DTI) ratio  
  • 44:45 – What is DTI (and why does it matter??)  
  • 44:52 – How investors restructure debt  
  • 46:37 – How do lenders calculate your borrowing power??  
  • 48:47 – What happens when your DTI exceeds 6…  
  • 50:05 – The role of Loan to Value Ratios! 
  • 51:40 – Getting a lender who isn’t DTI certified – this is the catch!! 😮  
  • 54:28 – Make sure you unpack these numbers behind the DTI Scare News…  
  • 55:35 – Why new estates have high DTIs!  
  • 58:40 – How to change your DTI + get through this high-interest rate period!  
  • 1:01:40 – Have trouble managing discretionary and non-discretionary spending? Why not try moorr!  
  • 1:02:12 – Does that mean all property prices will drop?!  
  • 1:03:38 – Be a part of Q&A sessions! Send us a SpeakPipe here.  

And… 

  • 1:04:46 – Sticky fingers? Closed a tab by accident? Use this shortcut!  
  • 1:06:18 – How does property interact with inflation??  
  • 1:09:11 – What this means for property owners… 

 

Episode 403 | Do You Need a Buyers Agent in Today’s Market? (Part 2)

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Continuing from last week’s episode, we’re back with PART 2 of Do You Need a Buyers Agent in Today’s Market?  

As we’ve said since our earliest podcast episodes, folks end up paying in 1 of 4 ways, and choosing to work with a Buyers Agent means you’re also choosing to pay in the best way… (especially in today’s market, you don’t want to be paying in any of the other ways…) 

This week we’ll be diving deeper into this concept and unpacking the 5 benefits that Buyers Agents bring to property hunters – especially in today’s turbulent market.   

We’ll be covering… 

  1. Experience: Like why is it important for Buyers Agents to “pound the pavement” daily?  And how can you actually select an experienced one?
  2. Negotiation: The 3 Reasons Buyers Agents negotiate better (Have you heard of Gazumping??) Plus some real examples of effective negotiation that’s led to price reduction…. 
  3. Emotional Guidance: ONE of the key things Buyers Agents apply to save you lots of head (and heart) ache later down the track… 
  4. Time-Saving: The Magic of Momentum and Curation  
  5. Money Saving: Why PROCRASTINATION will cost you the most and other ways you pay… 

And so much more!   

We’re also welcoming back an extremely special Winter Series Guest who’s weighing in on whether the cost of a Buyers Agent is truly worth the benefits ~ stay tuned to find out who it is! 😉  

 

Tune in now folks, we’re driving this one home with a bang!  

P.S. Make sure to stick around till the end to hear Ben unpack PICA and PIPA’s newest findings on whether rent has kept up with inflation (and if you’re a landlord we want to hear your experiences – fill out PIPA’s 2022 Sentiment Survey here and have your thoughts heard!!)  

 

Free Stuff Mentioned… 

 

Here’s some of the gold we cover… 

  • 0:00 – A taster of what we’re covering today…
  • 3:10 – How can you feel more gratitude folks?  
  • 7:00 – If you’ve found value in us, could you please share THIS episode folks… 😊  
  • 8:03 – A kind review – this is why we do what we do!  
  • 9:08 – RECAP: Do You Need a Buyers Agent in Today’s Market? 
  • 10:39 – Benefit #1: Experience – The #2 ways you can tell 
  • 13:01 – Why any good Buyers Agent needs to “pound the pavement”…. 
  • 14:34 – What do Buyers Agents look for??  
  • 17:01 – Why they are Champions of Sequencing 
  • 17:49 – #1 HUGE advantage of using an experienced Buyers Agent!!  
  • 19:58 – They avoid making N_G_T_ _ _I_N mistakes!  
  • 20:50 – Ben’s Favourite “Oops” Story  
  • 23:27 – How to Choose an Experienced Buyers Agent (Ask THESE Questions!!) 
  • 25:18 – Benefit #2: Negotiation 
  • 26:00 – The COMP Analysis    
  • 28:12 – Acknowledge THIS before going in folks… 
  • 30:07 – The 3 Reasons Buyers Agents negotiate better (Have you heard of Gazumping??)  
  • 31:45 – Emotional Intelligence vs. Ego  
  • 34:15 – The Key Advantages of Agent Relationships!  
  • 37:00 – Real examples of how effective negotiation has led to price reduction!!  
  • 38:47 – Benefit #3: Emotional Guidance: The role of a Collaboration Partner  
  • 42:00 – Benefit #4: Time Saving  
  • 43:16 – The Magic of Momentum!!   
  • 45:05 – Scraping: How Buyers Agent minimise time but upscale volume  
  • 47:02 – Curation and #4 other massive benefits! 
  • 48:58 – Benefit #5: Money Saving: No Buyers Agent EVER says this… 
  • 49:29 – Folks, you pay 1 of 4 ways (we’ve said it once, we’ll say it again!)  
  • 52:22 – Why PROCRASTINATION is the biggest cost!!  
  • 55:28 – A Return Winter Series Guest weighs in on the cost vs. benefits of using a Buyers Agent!!  
  • 58:23- The Value Calculation many folks struggle with…  
  • 59:38 – Want to become a Borderless Investor? This is how a Buyers Agent could help!  
  • 1:01:00 – How Buyers Agents stop emotional buying… 
  • 1:02:24 – The Amazing 15-Minute Negotiation which Landed their Ideal Property  
  • 1:05:52 – How they purchased without even seeing the property in person!! 😮  
  • 1:08:00 – “I feel like I cheated…” 
  • 1:09:14 – The Best Mindset to have when buying during a pandemic!!  
  • 1:12:20 – The #1 piece of advice for folks considering a Buyers Agent!  
  • 1:15:40 – It’s about the VALUE Buyers Agents provide folks!  
  • 1:16:43 – THIS is when you might not need a Buyers Agent… 

And… 

  • 1:18:40 – Have you heard of a Sous Vide?? (Folks this is a FANTASTIC kitchen tool!)  
  • 1:20:38 – Has rent kept up with inflation?!? Check out PIPA and PICA’s new market findings here.  
  • 1:27:11 – Are you a landlord? We want to hear from you!! Complete PICA’s 2022 Sentiment Survey here and have your thoughts heard.

 

402 | Do You Need a Buyers Agent in Today’s Market? (Part 1)

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If you’ve been listening to the podcast recently, you’d know that we’ve been encouraging folks out there to keep investing despite today’s property market – basically, to be “greedy when others are fearful,” in the wise words of Warren Buffet!

But…how are you supposed to get into the market – or even make progress – when you don’t have the experience or the time to invest? 

Folks, the answer is a Buyers Agent! 

We’ll be deep diving into what a Buyers Agent actually does, the #5 critical roles they fulfil on behalf of their buyer and why they are super beneficial for folks looking to invest in today’s property market!

 

Here’s a teaser of the #3 biggest reasons to use them… 

#1: The Herd is ______  

#2: The War Chest is Getting ____   

#3: The ____in the Desert 

 

And you can be sure you’re hearing this from a real industry expert…Yep. For those of you that didn’t know, Bryce is a Buyers Agent himself with more than 18 years of experience under his belt!!! 

But we aren’t just giving you the positives – we’ll also be sharing the top 3 things to consider BEFORE taking on a Buyers Agents and the red flags which indicate it’s a no-go.   

Listen now to understand the importance of a Buyers Agent and if you really need one in today’s environment!!  

 

P.S. And because we’ve got SO much gold to share on this topic, we’ve had to break it into a 2-Part Series!! Stay tuned next week when Ben and Bryce share real-life stories and one of our favourite Winters Series Guest will return for a special appearance….😉

 

Free Stuff Mentioned… 

 

Here’s some of the gold we cover… 

  • 0:00 – A sneak peek of today’s episode… 
  • 1:53 – Let’s dissect RBA’s New Announcement  
  • 5:20 – Nervous about rising rates? Listen to this part! (We all have those feelings too)  
  • 14:18 – What does it really cost you?  
  • 15:40 – A disclaimer from Bryce (Key Message: Take value where you see fit!)  
  • 17:25 – So…what is a Buyers Agent??  
  • 18:28 – The 8 Critical Roles they fill  
  • 19:32 – The 10,000 Hours: What makes a good Buyers Agent?  
  • 25:26 – The 2 things a Buyers Agent MUST be good at!!  
  • 27:53 – The two biggest anxiety points during a transaction!   
  • 29:20 – Sometimes it’s your f____ and f_____ who are the hardest to convince! 
  • 30:22 – Looking to get a Depreciation Schedule done (or fresh content straight in your inbox?!) Tune in here.  
  • 32:23: Lets Recap! 
  • 33:13 –The Buyers Agent Equation: How do you benefit?  
  • 34:16 – The #5 Unreplaceable Benefits of Using a Buyers Agents 
  • 40:40 – The Unseen Advantages 
  • 41:45 – A teaser of next week…(Real stories from Bryce & Ben?! One of our fav winter series guests is coming back?? Yes please!)  
  • 42:29 – The Home Buyer brief vs. The Investors brief 
  • 44:35 – Generally, Home Buyers get charged….more?!  
  • 45:43 – The 3 Services: Full vs. Negotiation Only vs. Hybrid 
  • 47:47 – The most time-consuming part of the job is…. 
  • 50:02 – 3 Things to Consider BEFORE selecting a Buyers Agent! – #1) I_D_ _EN_ _ C_  
  • 52:31 – #2) F_ _ _ (The ULTIMATE Betrayal!)  
  • 56:15 – #3) LI_E_S_  
  • 57:58 – Our Top #3 Reasons to Use a Buyers Agent right now…. 
  • 58:41 – Reason 1: The Herd is ______ 
  • 1:00:05 – How it relates to BOTH Economic Theory & Human Behaviour!  
  • 1:06:10 – Why you should expect to feel uncertain (Ask your family THIS question…)  
  • 1:08:37 – Reason 2: The War Chest is Getting ____  
  • 1:11:14 – Reason 3: The ____in the Desert 
  • 1:13:38 – In summary: How can Buyers Agent’s help today?   

And… 

 

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