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Episode 236 | Revealed: Why Off The Plan Properties Almost Derailed a Property Portfolio

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Want to hear from a guest listener who was Snagged by Spruikers and Bought Off The Plan? ….. AND STILL somehow managed to turn their property portfolio around??

Yep, it’s an Epic story, folks! And today’s guest, Danson Kwok, sure has HEAPS of tips & tricks — incl. how to maintain a solid mindset even through dark times — to share with you!!

‘Cos his substantial multi-million dollar property portfolio has now been tweaked and steered back on track through the sale of certain properties and learning the true art of manufacturing equity!!!

So. What triggered all this? AND how did Danson and his wife maintain their belief in property to get to where they are today?

… Let’s find out!!

 

Oh, and folks….. we’ve got a bit of “backstage” info to share with you…

We’re filming our FIRST EVER ONLINE COURSE!!! And we wanna invite you to come along live and watch it for free!

Here’s the deal, right… We get that everyone’s at different stages of their journey. Some of you folks are cool just to get your info from the podcast each week (which we LOVE!)… and some of you are itching to get your hands on more valuable content… BUT… for whatever reason…you’re simply not in a position to seek advice OR maybe you want to have a crack at doing it yourself (DIY Style)!! SO we’re creating a 6+hour online course consisting of OUR ABSOLUTE BEST GOLD… which we’ll later sell for a few hundred bucks for the folks who want that Next-level knowledge!

But… ‘cos you’re already in our tribe, we want to let you access it for FREE… one-time while we’re live…!!

FREE LIVE ONLINE COURSE: Everything You Need to Know to Earn $2,000+ Per Week in Passive Income

CLICK HERE FOR THE AGENDA: What we’re teaching on each day – Weds 19th, Thurs 20th. Fri 21st @ 1PM -3PM

And here’s the list of resources mentioned today!

 

… Back to today’s show!!! What are you in for??

  • How did they begin their investing journey?
  • How did he get his advice when he was living in Singapore and investing in Australia and New Zealand?
  • How is Singapore real estate different?
  • What were the types of properties that DIDN’T go well??
  • How many Off the Plan purchases had Danson and his wife purchased?
  • What was that first property?
  • Did they come with a rental guarantee? Why?
  • How do these Spruiker expos work? How much was their commission?
  • When did he find out his off the plan properties were duds?
  • What was the reality of Off the Plan pain?
  • Did these properties cause problems with bank valuations?
  • How did he get his finance when he was overseas??
  • How do offshore banks work?
  • How many properties did they keep in their portfolio once they moved to Australia?
  • How did he continue to take action even though he made mistakes?
  • Is he still buying properties?
  • How’d he ride the credit crunch?
  • How can you manufacture equity?
  • What are the 5 ways to manufacture equity? Who is it for?
  • Is renovation like any of the Reality TV shows?
  • What was his journey with subdivision like?
  • Is there a Rule of Thumb for strata properties?
  • How much does it cost to turn one lot into 2 lots?
  • What should you keep in mind with subdivisions?
  • What happened when they were on the end of a fake invoice?
  • How much was at stake? Did they get their money back?
  • Final words of advice!

Make sure you tune in today!

Don’t forget… if you’re interested to get a copy of Effie’s book, we’ve got TWO copies to giveaway!! Just tell us your #1 Money Hack on Facebook for your chance to win!

PLUS we’ve been doing a couple of LIVE this week! The feedback had been pretty good so so if you haven’t noticed it on Facebook yet, here’s the replay.

And….. If you’re interested in our TPC LIVE 2019 – 3 Day event, check it out here!

Episode 235 | Money Hacks from the Money Queen – Chat with Effie Zahos

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Folks, we’re up and about today!

Because not only is our dear friend Effie Zahos… aka the Money Queen… finally back on the Couch with us (It was WAAAY back in Episode 105 that we last checked in with her)… there’s also been a bit of a rate movement this week… the first in nearly 3 years! (Well, that, and our footy teams’ played each other on the weekend and Bryce came out on top of ol’ mate Kingsley!!)

What this rate movement means is a little more money in the bank for mortgage owners, which, especially when coupled with today’s episode that’s jam-packed full of Money Hacks, means that there’s a bit of extra money on the table that you can put to work for you. Of course, it does also mean that the Australian economy isn’t performing as well as the Reserve Bank of Australia (RBA) had hoped, and ultimately there’s a LOT to be said about this decision. So, Ben has created a video on the June RBA Cash Rate Drop, which goes into detail about all this. You can check out the new rate announcement here.

But back to the wonderful, wise and VERY money-savvy guest who’s joined us today…!

It’ll probably come as no surprise to you who the Money Queen is… but we’ll take no chances… and remove all doubt as to who Effie Zahos is!!! She is indeed the “Money” Queen… as in Money Magazine‘s finance editor for over 22 years! Well, we should say WAS the editor cos up until very recently, Effie decided to hang up her Money boots and walk in her own shoes instead… and she’s JUST released a brand new book, A Real Girl’s Guide to Money: From Converse to Louboutins!!
And today she’s sharing her best Money Hacks and financial tips so that you can stay on track of your hard-earned cash and make sure you have enough in retirement!

And, yep, if you hadn’t put two and two together yet… Effie’s personally worked alongside the likes of the Original Money Guru, Paul Clitheroe — our 200th episode’s very special guest — for a couple of, ahh, DECADES.

So you’re in VERY safe hands!

Also in today’s ep, we let the cat out of the bag on Bryce’s Brand New Free 3-Part Video Series…

[REVEALED] The Money Saving Hacks The Banks Don’t Want You To Know About —- Free 3-Part Video Series

Money Saving Hack #1 — How To Make Sure You NEVER Pay Interest on Your Credit Card

Money Saving Hack #2 — How To Never Unconsciously Overspend Ever Again

Money Saving Hack #3 — How To Put Your Finances on Autopilot

Click here to Watch The 3-Part Video Series Now

Here’s what you’re about to learn from the Money Queen…

And of course, if you’re interested to get a copy of Effie’s book, we’ve got TWO copies to giveaway!! Just tell us your #1 Money Hack on Facebook for your chance to win!

RBA June 2019 Announcement – Why there’s more to this Rate Cut than you think…

By in Podcast, RBA Announcement

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So… no surprises here folks. We’ve got a rate cut!

Phillip Lowe has already indicated RBA’s decision to cut the cash rate two weeks ago at his Address to the Economic Society of Australia.

Nonetheless, we are still excited to share that the cash rate is now at 1.25%.

AND there are heaps to unpack today folks and is probably the longest RBA Commentary that Ben has ever done. Before we get there, here are a few resources that he’s mentioned:

 

Now, let’s dive into RBA June 2019 Cash Rate Announcement!

 

 

p.s. And here’s a little teaser. 😉

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

Episode 234 | Have We Bottomed Out Sooner Than We Thought? The Exclusive Data Insights from Louis Christopher from SQM Research

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Well, well, well…. Have we hit the bottom of the market folks???

In the shadows of the election — aka the Coalition’s surprise victory — it appears that confidence has returned to the property market!

And now the crystal ball question — “When’s the bottom of the property market happening?”may not be as cryptic (or as distant from us!!) as we first thought!

So. What do we mean by this?

Well, let’s put it another way… We jumped on a plane last week especially to bring you back the insights from today’s guest!!! And you just might recognise him —Louis Christopher the Director of SQM Research and one of Australia’s most respected and impartial Research Property Analysts. He has extensive knowledge and experience of property and is regular quoted in the media on his insights!

And he’s NOT afraid to tell it like it is.

So… what’s his latest data suggesting?

Before you meet the man behind the media and get to hear his forecasts, we just want to remind you that, yes, even though PICA likely had a bit of an impact on the election results, our work on behalf of all Australian property investors is by no means done.

And as Ben talks about in today’s show —- there’s obvious MUCH more PICA’s aiming to achieve, so if you’d like to become a member for as little as $5, please Become a Member Today.

Is something stopping you from joining PICA? Let Ben know here.

Here’s what we discuss in today’s episode:

  • What happened with Louis’s grandma that made him interested in property?
  • What’d he do to make his tenants pay rent on time? (Warning: not for everyone!)
  • What used to happen in the data space?
  • Why was there controversy starting SQM?
  • What data was he desperate to get his hands on? How’d they get it?
  • What does SQM stand for?
  • What else do they measure aside from property data?
  • How do they pick the turning point of the market place?
  • How often do they “get it right”?
  • Are the observations coming out from the election revealing a trend?
  • What does he see happening in the next 2 – 4 years?
  • And what had he modelled if Liberal was re-elected?
  • How has the uncertainty of the market been lifted?
  • How will APRA’s recent changes affect the property market?
  • Will the RBA cut their rate by MORE than 25 basis points next month?
  • What are the issues with Auction Clearance Rates?
  • Can they forecast for Capital Growth?
  • What do they use at a locality level vs the macro level?
  • How does he measure fair market value?
  • Is it a good idea to have a market that’s totally dependent on housing?
  • Is the Australian economy looking up?
  • Why’s it hard to create inflation if there is so much debt?
  • What happened to rents and construction levels in 1985?
  • What makes for a good economy?
  • The First Home Buyers Deposit Scheme: Will it have a material or immaterial impact on the property market?
  • What do we think of the NRAS scheme?
  • Is it time to invest in Perth??
  • Does a rental market predict that capital growth will likely happen?

AND THE BIGGIE…

  • When’s the bottom of the market likely going to happen?

Episode 233 | Is it Tick, Tick… Boom? Post Election & Off the Plan Pain with Angie Zigomanis from BIS Oxford Economics

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Well, folks — Australia’s officially had their say after Saturday’s voting spree… and The Coalition are holding tight on their power for another term! Which surprised a lot of us. BUT there is a silver lining…

… Negative Gearing has survived another day!!

Which basically means… NO dumb policy is about to cripple the property market any time soon!!

But the question remains… what are we in for now??

Joining us today is Angie Zigomanis, Senior Manager at BIS Oxford Economics and he’s got his binoculars pointing to the horizon… because the data he’s been scrutinising is exposing a LOT about what we’re about the see unfold in the property market!

The big picture??

Off the Plan properties…. !!!

Resources mentioned in today’s show:

Oh, and if you’re around tonight folks, tune in to Escape From the City — Bryce is on ABC TV TONIGHT at 8:00PM!

Here’s what you’re in for…

  • Our election stories: how’d we get the news?
  • Where does BIS Oxford Economics sit in the economic arena?
  • And how many different countries do they analyse?
  • What did they discover about negative gearing changes prior to the election?
  • What happened to the stock market AFTER the election?
  • What’s likely to happen with business confidence as a result?
  • How is the First Home Buyers Deposit going to affect the property market?
  • What’s happening with construction?
  • Will we start to see economic growth?
  • How likely is it that the RBA is going to DROP their cash rate next month?
  • What did Governor Phillip Lowe state in his press conference on Tuesday?
  • What have APRA done with their assessment rate?
  • What’s the latest with the US/China Trade Talks?
  • How might the Australian economy be affected by this?
  • PERILS OF OFF THE PLAN: What is the data revealing about Off the Plan Properties?
  • In Melbourne alone, how many were sold at a loss?
  • Who is most likely to be the second buyer of Off the Plan properties?
  • What may happen to developments in future?

Is affordability a real issue?

iTunes Top Business Podcast – Episode Ranking | May 2019

By in Free Resources

Almost half the year is gone and looks like the Pillars of Mastery is the flavour of the month!

Just a few days ago, we were ranking…
#3 in the Top Business Podcast on iTunes!

And today, 10 of our episodes are in the Top 200 Episodes Ranking. And yes, you’ve guessed it right. All four episodes from the Pillars of Mastery is in there!

Thank you once again for your continuous support folks. Before we let you know the trending episodes, we want to highlight that if you’re new to our podcast, make sure to start from Episode 1. Play it on 1.5x speed and you’ll catch up in no time!

And if you’re really REALLY time poor, then download our Binge Guide here. It contains all the must-know tips and foundations from the first 20 Episodes and has been downloaded over 2,000 times!

Lastly, our podcast is also available on Spotify so if you’re not an iPhone user like our producer, Stiggy, is then click here to tune in on Spotify.

Now, let’s get to the Top Podcast Episode for the Month!

We love to have a bit of fun on the show too! Property, Finance and Money Management doesn’t have to be boring. Here’s some behind the scenes footages if you’d like to learn more about us. 🙂

And of course, if you got a question on Property, Finance and Money Management? Just write them in below and we’ll answer them on the podcast! Or you can also let us know on SpeakPipe!

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