X

Episode 253 | Top Tips For First Home Buyers

It can be a rough ride when you’re just starting your home ownership journey — and trying to get your foot up on the property ladder is, let’s be honest… really hard!

So today’s episode is all about helping our “Firstie” folks! That’s right… our very First Home Buyers!!! And we’re going Q&A style so we can stretch out the ol’ helping hand to our Firsties, and our Mums & Dads of Firsties, and haul all of them up on the ladder with us!!

And if you’re scratching your head thinking, “I’m not a first home buyer, or even a parent, family member or friend of one…” — no probs. You’ll learn what it’s REALLY like to face today’s property market for the first time… and you might just pick up some tips that you can actually use on your own journey… or just pick up some nuggets of new gold and file these away for when you want to impress someone with your property and homeownership knowledge. (Suss below for a summary of what we’re discussing and the exact questions we answer in today’s episode.)

 

You’ll learn Top Tips, like these…

  • How Much Of A Deposit is Enough? (seriously.)
  • The First Home Buyer Scheme
  • The Best Way To Get Ready For A Mortgage
  • Credit Scores
  • Higher Yielding Properties vs. Capital Growth Properties
  • How A Single Woman Can Get On The Property Ladder

 

Free Stuff Mentioned + Extra Support…

 

The Exact Questions Answered in Today’s Show…

Question from Jake

So we have bought a lemon!!! We have purchased a lemon, it’s been fantastic as it’s high yielding and we have a low income as I’m still studying. But I’m about to graduate and are unsure if we should move the money into a more balanced property, or if the cost of selling etc, will just lose too much money? The struggle is even when I graduated we will both be on fairly low incomes so, is a high cash flow possibility a benefit for us? Thanks for your time. I love the podcast, I’ve read the book and I’m excited for what the future holds!

 

Question from Joel

Hi Bryce, Ben and Stiggy. I am currently studying at university and working two jobs (48hrs a week) to support my partner and newborn and have been utilising the First Home Super Saver Scheme (FHSS). I’ve used this for two reasons one for the salary sacrifice tax saving, but to also reduce my taxable income to minimise my Help/HECS Debt repayments whilst studying. I’m saving $750 into the scheme per month, and have approximately $10k in total at the moment.

Because The Liberal Party introduced the new first home loan scheme at the last election, I have been worried that they would wind up the FHSS before I could access my savings, essentially locking it into my superfund. This would set me back in savings by 3-5 years. Do you have any insight into this?  I understand that your advice is general in nature, and isn’t directed to my personal standings, but would you be utilising the FHSS if you were a first home buyer? Thanks, Joel

 

Question from Tom

Hi Guys, Love the podcast, found it recently and have already gone through 70 episodes (bit of a way to go!). I’m currently in the process of purchasing a PPR for $550k. I’ve saved around 15% as a deposit but will be using a parental guarantee as collateral to free up my deposit amount for a value-add renovation and as my buffer going forward. My mortgage broker has suggested a P&I loan with an offset account, but has suggested an interest only loan isn’t possible with a parental guarantee as the bank likes the debt paid down to release the second (parental) mortgage. Is this the case? Can the guarantee be released on money in an offset, or is the only option waiting for debt pay down till the release at which point the loan is refit to an IO loan?

 

Question from Kelsey

Hey, just wanted to flying the flag for young females. I’m a new first homeowner. I’m 28 and a primary school teacher, and bought a two bed unit (1960s) in East Sydney (20 mins from CBD, 15 from the beach) in June. I paid $520,000 (negotiated from $549,000) and plan to rent it out and live closer to work in the CBD after January – I’m living here for the first 6 months to avoid stamp duty and do a little cosmetic work on the place. To save for the 15% deposit, I’ve always worked my regular job, and weekend work or afternoon work alongside it. Man, it has been hard work clocking up the hours and saving, especially in an expensive city and wanting to enjoy life on the weekends with my friends as well.

However, a weekly savings plan, and just always living a pretty simple lifestyle below my weekly earnings got me here. On top of that, I just competed my Masters of Education, which also has taken a bit of money and time – and tracking the property market takes a fair bit of time investment! Additionally, I’ve travelled overseas every year for the last 3 years to volunteer teach in countries like India, Indonesia and Fiji so I haven’t been too strict in saving everything I earn. Basically, I wanted to show that even a young single female can be a homeowner in the current 2019 property market. It took more than money, but great friends with advice, a lot of courage to just jump in and do it, and of course the invaluable help from your podcast. The reassurance I felt from listening was invaluable.The journey so far feels surreal as for so long media has banged on that’s its impossible. It’s definitely hard, but doable. Thanks again, Kelsey

 

Question from Ryan

I am 23 with roughly $36,000 in the bank. I will start full time work in my graduate role at the start of 2020 and am hoping to buy my first investment property within the year. What is the best way to get ready for my first mortgage? Should I get a credit card to improve my credit history as I have never required one to date or are there any other recommendations to make your case more appealing to the banks? How long in advance of a purchase should I contact a mortgage broker and would it be beneficial to start a discussion with them before I am ready to purchase? Thanks for all the great content, I’m about half way through all of the podcasts and have found them incredibly beneficial.

 

Question from Lisa

Hey Guys. First of all I would like to say how thankful I am for you taking the time to make the show and share your wealth of knowledge. A friend of mine had turned me onto your podcast and I can easily say without it I would have already made a horrible investment mistake!

I’m working my way through your episodes and am still quite far behind. My husband and I started saving a bit late in life but wound up with $50K in the savings. I am very conscious of preparing for our future now and want to use property investment as a means to do it. Not that long ago I listened to one of your episodes where you had mentioned getting started with $50K. Is that still possible now? I have a completely open mind to investing and there are areas where you can still get properties at lower prices that can provide some growth.

My question to you is: in this day and age now, can you only get started when you have over $100K for the deposit? Or is it still possible to start with around $50K?

 

P.S. Got more First Home Buyer Questions? Let us know here.

P.P.S. Got any other Questions for us? Let us know here.

 

 

 

 

Episode 252 | Property Game Changer – Knowing The Future Suburb Values Today Plus Your Money Challenges

If these two questions sound like things you wanna hear more about, then you’re about to have a lot of fun with this episode!

 

Q1. … interested to find out the locations set to soar over the next three years???

Q2. … got questions about how to be better with your money??

 

As you’ve probably figured out by now folks, these are, of course, the questions we’re answering on today’s seriously special episode!!

Here’s why… not only are we addressing the main struggles that people on the coalface are dealing with when trying to use, stick to or set up Money SMARTS, like…

  • How to trap surplus cash
  • How to stick to a seven day float and get rid of overspending for good
  • When to spend on a credit card versus using cash
  • How to get your partner on the same page
  • What to do if you’re overwhelmed

But also…. we’ve got Jeremy Sheppard — one of Australia’s leading Property Analysts, Research Director at Select Residential Property and Creator of DSR Data, our other third of LocationScore… and just plain ol’ data nut — BACK on the couch!! …. And what Jez is about to reveal to you is doing to CHANGE THE GAME of property investing forever.

Specifically… how you pick the best locations and hot growth markets predicted to soar over the next three years!! Yep, this episode will (hopefully) knock your socks off!

 

Free Stuff Mentioned…

 

Our AFL Winners…

** drumroll please **

1st Place – Property Portfolio Plan ($4,950): Father of Dragons

2nd Place – Next-Step Property Plan ($2,970): Terry G

3rd Place – An Hour Chat with Bryce and Ben (at least $1?): Rhino 4

 

 Top Five Highlights…

  1. The Tool That’ll Work Out A Suburb’s Capital Growth (Down To The Dollar Value) Over The Next 3 Years
  2. A Flyover of The Growth Spots in Each State
  3. The Most Exciting Capital City For Property Investors Right Now
  4. Everything You’ve Ever Wanted To Know About Money SMARTS Answered
  5. The Two Things You Only Need To Do To Change Your Money Habits For Good (And Get Your Partner to Do The Same)!

 

 

 

RBA October 2019 – Third Time Lucky?

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

So… are the 75% of economists out there correct?? … has there been a THIRD CASH RATE DROP this year? Tune in to find out more.

And here’s what Ben will be unpacking in this month’s session:

  • What has influenced RBA’s Cash Rate decision?
  • Has the tax cut shown any impact in recent months’ data?
  • What’s holding the economy at the moment?
  • Will there be any Fiscal Policies from the Government to encourage spending?
  • How will the next Federal Budget look like?
  • Why we are NOT in a recession?
  • and of course.. what’s happening with the Global Economy?

 

 

 

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

Bonusisode with Nerida – Maybe The Doll House Appeal? 😨👻

It’s that time again for our Monthly Wrap Up with Nerida Conisbee, Chief Economist for REA Group!

 

So… It’s an interesting one this month folks! Let’s cut to the chase. Here are some cut points that you might want to tune in to!

  • 0:44 – What’s new with the US-CHINA Trade War? Is it coming to an end?
  • 3:29 – Should you be panicking with the recent media headlines?
  • 5:32 – How Trump’s Tweets are affecting the US Economy?
  • 8:18 – What’s the current state of housing in Regional Australia? Are regional investing a better option than it used to be?
  • 13:42 – Why Gold Coast is an interesting spot at the moment?
  • 16:25 – Which data measurements does REA Group get the most complaint about and should you rely on it?
  • 22: 28 – What’s RBA going to do tomorrow?! Will there be another cut? What’s happening to the Fiscal Policies?
  • 27:57 – Are haunted houses popular? 😨

 

Plus, The Top Performing Properties from the month:

  • The Most Viewed Rental Property
  • The Most Viewed Residential
  • The Most Expensive Property Sold
  • The Most Viewed Property Going To Auction This Weekend

Want to see these properties? Click here to View the Properties (all are in the Comments section)

P.S. Want more episode on asset selection?

Episode 251 | What’s NOT Going To Change in Property Investing?

We all love questioning what the future holds and speculating on what’s in store for us. And, of course, investing in property is no different. But the thing is… is it helpful to put all that emphasis on the things we can’t control?

See, today’s episode is all about looking through the lens of this quote by Amazon Founder and one of the richest men in the world, Jeff Bezos…

 

“I very frequently get the question, ‘What’s going to change in the next 10 years?’ And that is a very interesting question; it’s a very common one. I almost never get the question: ‘What’s not going to change in the next 10 years?’ And I submit to you that that second question is actually the more important of the two — because you can build a business strategy around the things that are stable in time.” Jeff Bezos, Amazon Founder

 

Folks, when we ask ourselves “What’s NOT Going to Change in Property Investing?” we are actually asking ourselves a higher quality question. And this higher quality question not only helps us to see things more clearly and make smart chess moves, but also, it empowers us to remain the ones in charge despite what future changes occur.

So… what’s always gonna be the same in property a decade from now? Or 20 years from now? Or 40? What are the things that’ll always influence property prices?

Well, tune in folks… and we’ll tell you exactly what’s NOT going to change in property investing!

 

Free Stuff Mentioned…

 

The Top Highlights…

  • Realistically, will property prices always grow?
  • What type of infrastructure coming into an area does NOT always mean gentrification?
  • Which human behaviour traits will always occur, no matter what?
  • What’s going to happen to Property Spruikers with their “get rich quick schemes”?
  • What specific things are NOT going to change in property investing???

 

 

 

 

Top Money Podcast – Episode Ranking | September 2019

Spring is in the air folks and so is The Property Couch! We’ve just hit our 250th Episode AND our total download on iTunes alone is….

5,094,004 downloads!! 🎉🎉🎉

It’s been an amazing month folks and we cannot thank all of you enough for your continuous support. That is why we are keen to give out a free e-copy of our best-seller book, Make Money Simple Again! Click here to choose your adventure and start reading it now.

 

Not only that, we’re also one the Top Money Podcast in Australia because we’re ranking on Spotify as well!! 

We’re not quite sure if this ranking is within Australia only or if it’s worldwide, but regardless of that, we’ll take anything that will help us in our mission to stop people from making silly financial mistakes! 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 highlights! And remember, 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 2,500 times!

 

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

 

 

p.s. Did you know we’re big on videos as well? Every week, we try to go LIVE on Facebook unpacking the fundamentals of finance, money management and property OR simply just to answer some of the great questions that we received from our community. If you’re interested, we’d love to connect with you on Facebook! Click here for more info.

p.p.s. And here are some of the Facebook LIVEs that we’ve done in the past. Enjoy! 🙂

 

 

Episode 250 | Roger Montgomery – Chat with Australia’s Warren Buffett

Warren Buffett is probably the greatest investor in the world. And when we say “probably” we really mean…“is”.

Sure, Buffett is estimated to be worth $US83 billion (not incl. the billions he’s already given away to charity)…… and, yep, he sure did make the majority of his wealth after his 50th birthday.

The question is… HOW did he become a self-made billionaire????

…… Value-investing!

In other words: he invested in stocks that were priced for LESS than their true worth. And he held onto them for the long term. That’s it.

So as a very special treat for OUR 250th EPISODE… WE’VE GOT “AUSTRALIA’S WARREN BUFFET” in the house!

And that brings us to today’s guest….

Roger Montgomery, Chief Executive Officer and Founder of Montgomery Investment Management, which is a Sydney based specialist boutique equity manager that manages $1.5 billion on behalf of private investors, their advisors and families. Through a simple, common and time-tested philosophy, Montgomery manages several VALUE-ORIENTED FUNDS focused on the various aspects of quality to generate superior return over the very long term.

Before we unpack all this completely, Roger’s 26-year background in financial markets includes Equity Analysis, Equity and Derivative Trading and Investment Banking. After founding, listing and selling a financial services business and listed investment company, Roger established his boutique investment management office.  In 2010, he published his first best-selling book, Value.able – How to Value the Best Stocks and Buy Them for Less Than They’re Worth.

… the clincher, folks?? … His book, of course, sets out his three simple steps for value-investing and online trading.

So. Shall we get on with it… and simply chat to Australia’s version of Warren Buffet????

… You betcha!!!

 

AND DON’T FORGET….. WE HAVE A 250TH EPISODE “BIRTHDAY” GIFT FOR YOU….

Yes, YOU CAN GET A COPY OF MAKE MONEY SIMPLE AGAIN FOR FREE!!!

Huge heads up: there’s a couple of cool surprises tucked behind it that we think we’ll blow your socks off 😉

 

Before we go ahead, here’s Wayne Schwass’s eulogy that Bryce mentioned in today’s show. Click here to watch it now.

 

THE TOP 10 HIGHLIGHTS

  1. Everything You Need To Know About Value Investing!
  2. When Roger was in his entry-level role, what did the Asia Pacific Partner of Pricewaterhouse say to him that he’ll never forget?
  3. What advice was given to lottery winners?
  4. How much of an influence has the real Warren Buffet had to Roger’s philosophy and success?
  5. What are the TWO Most Important Frameworks you need to know?
  6. Shares vs. Property — what does it come down to?
  7. How can you take advantage of “booms and busts” in the share market?
  8. Was “a fall in house prices of 40%” ever realistic?
  9. Does investing for the long term really matter?
  10. Where can you find value in the market now?

 

“Price and value are two different things. Value investing is about paying a lower price than the value received.”
Roger Montgomery

 

 

 

 

 

Episode 249 | The 4-Step Framework To Renovate or Build Your Home… AND Enjoy it! – Chat with Amelia Lee

Considering renovating or building your own home? If so, this is the perfect episode for you!! Here’s why…

We’ve got Amelia Lee, the architect behind Undercover Architect, an award-winning online resource to teach folks how to design, build or renovate their homes. To give you an idea, she’s been in the industry for over 25 years and has solid personal experience in the trenches as a “serial renovator”!

And the best part? Amelia’s on a serious mission to take the “bamboozle” out of the renovation, building and design process!

‘Cos let’s be real folks… these projects can often be draining on the ol’ tolerance levels/bank account/relationship health/overall health… BUT  as you’re about to find out… it doesn’t have to be like this AT ALL!!

(Ben’s now wishing he chatted with Amelia BEFORE he attempted three renovations on the one house!)…

‘cos, what d’ya know… it turns out that renovating and building your own home can actually be…. enjoyable!!

And all you need to do is follow Amelie’s simple, 4-Step Framework…. BEFORE you even pick up a hammer, tear down a kitchen sink or stub your toe on an exposed nail, cursing and questioning why you ever took the project on. (And/or telling yourself “never again!” like our mate Ben… who went ahead and did do it again AND AGAIN, oblivious to the fact that this wonderful framework existed.)

Learn from Ben’s mistakes folks — avoid hemorrhaging cash.

Go get your overalls ready…. this is going to be fun!

 

The Top SEVEN Takeaways…

  1. What does building and renovating with “intention” look like?
  2. How can you stretch your dollar further?
  3. Who do you need on your team?
  4. What are the big slipups people often don’t think about?
  5. How do you find a decent builder?
  6. What things are the top considerations for investors and home owners?
  7. Would an architect ever be an owner-builder? (and Should You???)

 

P.S. It’s our 250th episode next week folks… that means… MEGA GUEST… AND… MEGA  GIVEAWAYS…

… so make sure you show up!

 

P.P.S. We’ve been doing exciting stuff via Facebook lately… so, if you haven’t already… Like and Follow Us on Facebook to Get the Unannounced Social-Media-Only Gold!

Episode 248 | Everything You Need to Know About The 138 Changes Landlords Are Facing

There’s ONE HUNDRED AND THIRTY EIGHT CHANGES to Victoria’s rental laws coming into effect next year… and we think these are about to set the precedence for legislation across the entire country.

Which means… landlords need to be clued in on their rights and what’s going to be expected moving forward — and frankly folks… we think the pendulum has swung slightly too far, and is now quite in favour of tenants. So, what do “Residential Rental Providers” — which, by the way, is what Landlords are about to be called — need to know BEFORE these changes kick in??

Here to fill us in on everything in this pretty epic episode, is Hayley Mitchell, Director of Geelong Property Managers and Director and Trainer of Mitchell PT, which provides training and consulting in the property management industry. Plus, she’s also a fully licensed Real Estate Agent and has worked in property management since 1999 (she’s well-and-truly passionate about this stuff, folks!)

And here’s where it gets super important…

Hayley has actually gone through the ENTIRE 500-page Residential Tenancies Amendment Bill with a fine-tooth comb.

And not only is this impressive… but also, it’s actually incredibly helpful for us landlords — or wanna-be landlords, or even the tenants amongst us!

Let’s find out what on earth is going on and how exactly these changes to legislation affect us!

And just a bit of a disclaimer folks: this is Hayley’s interpretation of how these changes will impact landlords and as such should not be taken to represent advice in any way. If you want more information, please seek professional advice from your property manager 😉

 

Today’s Links…

 

Free Reports from Ep 246 & Ep 247

 

The TOP Highlights…

  • When are these changes coming through?
  • How much notice do you need to get the tenant to vacate?
  • What are the changes to the rental minimum standards?
  • What’s the fine if you don’t advertise your property at a fixed amount?
  • How does “Section 68” affect a landlord’s responsibility for repairs?
  • Is there anything landlords can do about tenants keeping pets?
  • How long will landlords need to give notice to vacate?
  • Why are tenants being let off the hook when it comes to cleaning?
  • Is there any way to protect yourself from a tenant’s ability to make “modifications” to your property?
  • How much notice do you need to inspecting a property?
  • What is the fine if evict the tenant in order to move in but then don’t actually move in?
  • Why’s https://thepropertycouch.com.au/ep82-qa-investing-in-property-overseas/a great tenant so important?
  • What’s “The Landlord Blacklist“?

 

P.S. You might also be interested in…

RBA September 2019 – Is the Australian Economy REALLY that bad?

Businesses cut back as weak economy puts pressure on profits. Australia managed to survive the global recession – but all that good work has been wasted. The worst surplus ever: ‘Obsession’ rocking the Australian economy.

These are just some of the headlines when you search for “Australian Economy” on Google. Is it really that bad? Are we really going towards a rocky time? What does the fresh data telling us?

That’s what Ben will be explaining in today’s RBA commentary folks! Apart from that, he’ll also be covering a variety of topics such as:

  • What’s happening with the US-China Trade Deal and what’s President Trump is hoping for?
  • Are there anything else happening around the world that has a direct impact on Australia?
  • Is the Australian Economy as bad as the media is saying it is?
  • What’s the main focus for the RBA at the moment?
  • How’s business confidence now that more post-election data is available?
  • And more!

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

 

DISCLAIMER: This podcast is general information only and is an opinion comment by Ben Kingsley. The information contained in this video is for Australian residents only. The information does not take into account the particular investment objectives or financial situation of any potential viewer. It does not constitute, and should not be relied on as, financial or investment advice or recommendations (expressed or implied) and it should not be used as an invitation to take up any investments or investment services. No investment decision or activity should be undertaken on the basis of this information without first seeking qualified and professional advice.

The Property Couch, its employees or contractors do not represent or guarantee that the information is accurate or free from errors or omissions and therefore provide no warranties or guarantees. The Property Couch disclaims any and all duty of care in relation to the information and liability for any reliance on investment decisions, claiming the use or guidance of this publication or information contained within it.

For more information, please visit: http://thepropertycouch.com.au

Instagram

×

MONEY SMARTS SYSTEM

Plus We Will Also Notify You
When We Release New Episodes

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

We Only Send You Awesome Stuff

×

SUGGEST A GUEST!

We Only Send You Awesome Stuff

×