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286 | Best Case & Worst Case For Property, PLUS what’s making Property News?

By in Podcast, Q&A

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You’ve probably heard Commbank’s “warning” that property prices could drop by “a third” as a result of the unemployment levels due to COVID-19…

You’ve probably ONLY seen this scary number come out of their March Quarter 2020 Trading Update, though right?

Probably because it’s the ONLY number being reported in the headlines!!!

But what’s really interesting is there’s a whole lot of OTHER scenarios that the Commonwealth Bank of Australia also modeled… and… guess what? Yep, you’re only getting the clickbait answer!

So, in today’s Q&A, we’re going to let you in The Best & The Worst-Case scenarios, and what Commbank actually believes is most likely to happen with property prices, according todata.

After that, we’re going through a fair few questions that have also come in over the last two weeks!

Plus, Ben’s also introduced a BRAND-NEW SEGMENT — “What’s Making Property News” — and you can just imagine how excited he is, right?!

 

We tick off quite a few boxes in this episode folks, so definitely tune in if you’re keen to hear what we can likely expect between now and 2022, and also get some current property, finance, money management and COVID-19answers!

 

Free Stuff

Or fill in the form below and we’ll send you the free PDF on COVID19 Property Risk Regions:

Free resources: COVID19 Risky Regions

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More Free Stuff From Ben’s Segment

 

The Questions

Question about withdrawing superannuation from Sabrina
Good evening. I really admire you both. I listen to your podcasts. I might don’t get chance to listen to every single one, but I love you guys and try to listen whenever I can. I need your advice please.

My situation is, I have some buffer savings in my offset account around $25,000 and me and my husband both have jobs in this situation. But I am working less hours because I am not sending my son to childcare. The monthly earnings will keep us going but very tight and I don’t know when I can send my son to childcare again.

So, my question is am I eligible to withdraw $10,000 superannuation? Because my hours has been reduced significantly (my company is giving me enough hours but I have elected not to work like before because of my son) so can I apply for super and what are the pros and cons if I withdraw super? I am just scared if I will run out of money and I didn’t apply for it.

 

Questions about cross-colleterialisation and accessing equity from Danielle
Hi Bryce, I have just started reading your book I bought last year “The Armchair Guide to Property Investing”. I find it quite interesting and a few similar matters are bought up like in the barefoot investor. I have read a few times not to have your loans with one bank so my first question is how do you use your equity you have with that bank to purchase another investment and get the loan with another bank? I can’t seem to find much information about it and do not understand it, but my partner has tried to do it and his broker seemed to think it was too hard, but reading it can be done? We have 6 properties between us. I have 2 and Brendon, my partner, has 4. We want to invest more — my aim was a property every two years until we reach the time, we want a new house for ourselves to live in; in the country or a shack.

My second question: I have read a lot about don’t cross-collaterise your loans. I felt like I did this and don’t see how you don’t do it if you’re using your property as security and the equity in it? Then yesterday I read an article, and it says if you have standalone loans for each property that isn’t cross collaterised — it’s only when you have all your properties and loans as one? Is this correct?

My third question is: my partner is about to pay off his first house and own it; the one we currently reside in. He wants to know, if he pays it off, does he get the deed to his house or not because he has used it as security with his other three investments?

 

Question about the planning process from Mazen
I’m up to Ep 120 of The Property Couch podcast and just read chapter 1 of your book. You have turned my mindset about property upside down, in a positive way! One thing I need to get my head around before moving on to chapter 2 is to actually try work out a monetary value of my future goals so that I can put a plan together to achieve them in the timeframe. I’m a bit unsure about where to start and what to consider when calculating how much money I will need (e.g. questions running through my mind… I want to travel “this” often and so I need “this” much money, I want to live close to the beach by “this” age so how much would I need for “this”, etc) Am I overthinking it? Thanks and look forward to hearing from you!

 

Question about LMI vs Renting from Hayley Robinson
What do you think is better? Paying LMI or rent when getting ready for buying a first home?

 

Question about Procrastination and Choosing the “right” debit/credit cars from Aaron
I’ve been trying to get all our debts/credit cards sorted before getting property investment advice, and feel like I’m just procrastinating now…

 

Question about Inflation and Passive Income Target from Grant
How much in today’s money do you need in assets to get $2k passive income?

 

And of course..

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.

 

 

 

 

285 | “Catching a Falling Knife” Is investing in Commercial Real Estate a good idea right now? – Chat with Scott O’Neill

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Is the “home office” the future office? Coronavirus has changed the face of many businesses – entire companies are now working from home, retail shops have switched to online selling and others, like cafés and restaurants, have simply “shut up shop”, either temporarily as they wait for the storm to pass, or permanently.

So it begs the question… is investing in COMMERCIAL property still a good idea?

Well, returning to the Couch is Scott O’Neill, Founder and Director of Rethink Investing, a buyers agency that specialises in both commercial and residential real estate! Yep, we first heard from him back on Episode 230 | From Residential to Commercial Investing: How this guy quit his Day Job at 28 … and  today we’re in for a very special treat as Scott walks us through the key themes unfolding in the office, retail and industrial space… PLUS, he gives us his expert opinion on the “new normal” in commercial real estate, so our folks interested in investing in commercial property know what to aim for, what to avoid and how to find the right commercial properties!

Oh, and Scott even manages to sprinkle in a few nuggets of gold on residential real estate too!

 

This is a fascinating and knowledge-backed episode that really sinks in a few key messages – and not just for our commercial property investors, but also for the rest of us who simply want to navigate this coronavirus and learn investing best-practices!

 

Free Stuff

What we talk about in today’s episode

 

RBA May 2020 – Three Critical Themes Unfolding In The Economy Right Now — And How They Impact Property Prices!

By in Podcast, RBA Announcement

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It’s the full month after Australia’s social restrictions so… what should we expect in todays’ RBA Board meeting?

One thing for sure, the cash rate remains at 0.25% and while there isn’t too much of a surprise there, Ben is about to walk you through the THREE CRITICAL THEMES unfolding with regards to the direction, outlook and recovery of the economy; both here in Australia and globally.

 

Free Resources mentioned in this Update:

 

What’s discussed in this Update?

  • Distressed Selling in Property
  • What Property Type is MOST at Risk Right Now
  • When Can The Economy Expect To “Bounce Back”?
  • US Economic News
  • Chinese Economic Activity
  • Australian Politics — And What This Will Mean For Property Investors, Home Owners and First Home Buyers
  • Australian Economy Update & Future Outlook
  • Unemployment (where’s it sitting & where it’s looking to go…)
  • Retail Sales
  • What Australian Banks Are Doing Right Now
  • Credit Growth & Dwelling Approvals
  • What To Watch Out For In The Coming Months… (especially regarding self-isolation bans and property predictions)

This is another BIG RBA ANNOUNCEMENT with everything going on at the moment, but it’s definitely in your BEST interest to watch so you stay up-to-date with what’s currently happening!

 

 

 

And of course… Additional Helpful Resources on COVID-19

National Update: Click here

State Update:

 

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

284 | Kyal & Kara from The Block – How To Renovate, Raise Kids, Run A Business & Not Lose Your Mind in the Process

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“Kyal & Kara” Demmrich became household names after the humble chippy & physio joined The Block back in early 2014 for their Fan Vs Favs series. And when that popular reality program was over, the courageous renovation-lovers decided to do it ALL again – this time on Reno Rumble in April 2015!

And now, with their own successful Design & Construction business, Diverse Design & Build, and tackling their own Renovation Series, Kyal and Kara are a near-perfect example of what it’s like to renovate, raise kids, run a business and not lose your mind in the process!

In fact folks, we’ve ‘gotta hand it to them – this couple is remarkably positive, healthy and staying ahead of the game!!

And guess what’s even more surprising? We actually interviewed them during “The Week They Never Want to Repeat!!”

So. What’s their secret?

And what Renovation Tips could the rest of us benefit from?! (Maybe BEFORE you “do a Ben” and challenge your sanity be renovating the family home!

 

Free Stuff Mentioned

Free resources: ABCD during Pandemic

  • Are you also interested to have a better understanding of your cashflow position via our FREE Money SMARTS Platform?

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What we cover in today’s episode…

  • Life “Before The Block”– What was Kyal & Kara’s first ever renovation?
  • Applying for The Block – The audition and interview process
  • What was it like to have a camera crew following you around for 3 months straight? (And how did it feel when it was all over?)
  • Kyal & Kara’s Backstories – What was money and the Property Story like growing up?
  • Why did they decide to do it all again so quickly?
  • What was the Bad Side of being in the spotlight?
  • What was The Planning Process like when turning around a room in one week? (Did they get help from the producers of The Block?!)
  • What’s the deal with Kyal nailing his hand to the wall? (ouch!)
  • How did the find their current renovation project?
  • Top 3 Tips to Survive a Reno!
  • Accidents & Mishaps and things NOT to do when renovating?
  • What’s the “rule of thumb” of renovation costs per metre?
  • Is the goal to Renovate & Sell or Renovate & Accumulate?
  • How do they keep their mindset in check?
  • How has COVID-19 impacted their current life? How have they pivoted?
  • Importantly: What’s the secret to renovating, raising kids, running a business and NOT losing one’s mind in the process?

 

p.s. Here’s a quick snippet of the nail accident! 👇

p.p.s. And here’s a behind the scenes view on our recording 👇

 

 

 

UPDATE: WA Residential Rent Relief Grant Scheme

By in Podcast, Q&A

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As each State Govt rushes to respond to this health crisis, we strive to update our community on the most recent changes relating to residential real estate as well. And this update is no different.

This time, we’ll be unpacking the New Residential Rent Relief Grant released by the WA Govt last week on the 23rd of April 2020! The WA State Government is making available $30 million for grants of up to $2,000 for Western Australian residential tenants who lost their jobs on or after 20 March 2020 and are facing financial hardship due to the COVID -19 pandemic.

Here to fill us in on the details is Damian Collins, President of REIWA, the Founder and Managing Director of Momentum Wealth and also the Chairman of commercial property funds management business, Mair Property Funds.

 

In this short update, we’ll be covering these questions:

  • How are WA landlords and renters affected by a moratorium on evictions?
  • If there is any Land Tax Relief for Property Owners?
  • Can rent be increased during the emergency period?
  • What is the emergency period?
  • What constitutes Financial Hardship and what documents are needed?
  • Can a renter ask to reduce their rent payments?

For more questions relating to WA Rent Relief Grant, please refer to this website: https://www.commerce.wa.gov.au/consumer-protection/residential-tenancies-covid-19-response

And of course, if you’re a tenant and are currently facing financial difficulties due to COVID-19, we strongly recommend you to check out the New Residential Rent Relief Grant by the WA Govt here to apply for the grant.

 

Free Resources

 

And of course… Additional Helpful Resources on COVID-19

National Update: Click here

State Update:

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.

 

 

 

Free Report: Top Tips on How To Master the Foundational Pillars in Pandemic Times

By in Free Resources

We realised that Ep. 279 | How To Master The Pillars in Pandemic Times could be a tad long for some of our time-poor listeners. But it is a crucial episode especially when we are right in the middle of a pandemic.

To make it easy for our community to digest, we’ve listed out all the key points of the episode and produced a summary of all twenty-three tips on Asset Selection, Borrowing Power, Cashflow Management and Defence!

Just leave your details below and we’ll email you the PDF right away!

  • Are you also interested to have a better understanding of your cashflow position via our FREE Money SMARTS Platform?

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

 

283 | Buy & Hold vs Buy & Sell – which strategy works best in WA? – Chat with Damian Collins, President of REIWA

By in Podcast, Q&A

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And so our theme of chatting with the Presidents of the property markets across the country continues! 

Here to tell us what’s happening in Bryce’s hometown (Perth 😉) and the best strategy a property investor should adopt in WA, is… Damian Collins, President of REIWA – the Real Estate Institute of Western Australia! 

The last time we checked in with Damian was waaay back in Episode 73… and there’s been more than a few changes in the WA property market between then and now… plus, even more news since COVID-19 came on the scene! 

A bit about today’s guest… Damian has served on the REIWA Council since 2011 and was elected President of the Institute in 2018. He’s been an active investor for over 25 years and is ALSO the Founder and Managing Director of Momentum Wealth  – a Perth-based property investment consultancy. As well as all this, he’s also the Chairman of commercial property funds management business, Mair Property Funds. 

We tackle the big question… Should a Buy & Hold Property Investor actually invest in Western Australia? 

This one is for our WA folks… and those interested in what’s happening on the grounds in the Perth property market… 

  • Pre-COVID-19 
  • During COVID-19 
  • Post-COVID-19 

 

Free Stuff 

Free resources: ABCD during Pandemic

Fill in the form below and we'll email you the PDF right away! 😉

  • Are you also interested to have a better understanding of your cashflow position via our FREE Money SMARTS Platform?

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

 

What we talk about in today’s episode… 

 

And of course… Additional Helpful Resources on COVID-19

National Update: Click here

State Update:

 

 

 

 

 

Bonusisode with Nerida – How does Australia’s Property Market Compare to the Rest of the World?

By in Podcast, Videos

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Time for our monthly catchup with Nerida Conisbee, Chief Economist at realestate.com.au! It’s a long one today but we promise you it’s jam-packed with absolute gold!

So here are some of the discussions we had today:

👉 What’s been happening in the rental market and AirBnB listings?
👉 How did the Job Seeker and Job Keeper payments impact the real estate industry?
👉 Which Australian markets are showing strong rental demand?
👉 What’s the ideal strategy during these uncertain times?
👉 When is a good time to sell your property?
👉 What conditions have to be met to cause a 40% drop in the Australian Property Market as a whole?
👉 How does the Australian Property Market compare to Japan’s?
👉 What’s likely to happen on the other side of this pandemic?
👉 How are home buyers and investors’ activity looking like at the moment compared to previous months?
👉 What are online auctions and are they efficient enough to replace offline auctions?
👉 Tips on how to research and inspect a property online.

Hope this helps folks and don’t forget to check out last week’s episode on Coronavirus and Property FAQ here.

p.s. Want more of this? Subscribe to our podcast every Thursday at 3pm on iTunes, Spotify or your favorite podcast app!

 

And of course… Additional Helpful Resources on COVID-19

National Update: Click here

State Update:

 

 

 

 

UPDATE: Shocker Revoked!! Why property owners can rest a little easier in QLD now?

By in Podcast, Q&A

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What a difference a couple of days makes, huh?!! 

Back on the couch is Antonia Mercorella, CEO of REIQ… with some GREAT NEWS!!!! 

In light of last week’s episode, the Queensland Government has reached out to The Real Estate Insitute of Queensland (REIQ) to collaborate on a package that ensures protection for EVERYONE… ie. tenants AND landlords!! 

Antonia will fill you in on all the amendments to the proposed Rental Relief Package, what this means for landlords and tenants, and exactly HOW the reversal of this initial “Shocker” of a policy came about! 

 You can learn more about QLD Rental Relief Package here: https://www.covid19.qld.gov.au/the-hub

 

The amendments to the proposed Rental Relief Package include: 

  • Rent payments and unpaid rent: Property owners and tenants can now agree on the terms of reduced rent and deferred repayment requirements. 
  • Financial hardship requirements: The combined income of tenant/s must have reduced by more than 25% as a direct result of COVID-19 or where the rent amount exceeds 30% of income/s and tenant/s cannot afford to pay the rent. 
  • Substantiation of financial hardship: Tenants must provide the same level of proof of income as is required at the start of the tenancy to seek a rent reduction. 
  • Entry requirements: The Government will provide clear guidance to ensure access for essential repairs and maintenance, the sale of a property and virtual inspections. 
  • Break lease: To qualify for the Government’s break lease provisions, tenant/s must be in severe financial hardship which is defined as a 75% reduction in combined tenant/s income and have less than $5,000 in savings. 
  • Extension of a tenancy: A fixed term tenancy will be automatically extended to 30 September 2020 unless agreed otherwise. 

 You can learn more about QLD Rental Relief Package here: https://www.covid19.qld.gov.au/the-hub

 

Free Resources

 

What we Cover in Today’s Episode

 

 

And of course… Additional Helpful Resources on COVID-19

National Update: Click here

State Update:

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.

 

 

 

282 | “I Was Fired Every Week”… And Now She’s The President Of The Largest Property Market In Australia – Chat with Leanne Pilkington, President of REINSW

By in Podcast, Q&A

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Leanne Pilkington is no stranger to real estate. When she first started in the property industry almost four decades ago, things looked a bit different from what they do now…

For one, she was literally fired from her job every Friday afternoon! And now? Well, today’s guest is the PRESIDENT of Real Estate Institute of New South Wales (REINSW) — the largest and most influential association of real estate professionals in the country’s biggest property market!

Sure, Leanne Pilkinton is one of the most respected and sought-after commentators in real estate and a strong advocate for women in the profession, lobbying for improved education and training across the entire industry… but she’s also the Managing Director of leading NSW boutique real estate group Laing+Simmons.

And she knows the market inside and out!

Obviously, with everything COVID-19 going on, it’s safe to say that Leanne is VERY MUCH in the trenches, lobbying the government and looking at new ways the real estate industry can adapt to this climate while also being really honest about the fact that quickly formed legislation can have a disastrous impact on real estate agents, property managers and landlords.

This is a passionate and knowledge-sponge of an episode, folks!!

 

The Free Stuff

 

What’s Covered in Today’s Episode

  • Okay, what’s the deal with Leanne getting fired EVERY week?
  • What did the pathway to REINSW look like?
  • What’s it really like being in “the boys club”… and how can women in real estate navigate the industry?
  • What makes for a great selling agent?
  • What makes for a great property manager?
  • What’s the best way a buyer can get a fair price on property?
  • How should property investors deal with real estate agents?
  • Should you tell a real estate agent your budget?!
  • Real Estate 101 – The Two Ways A Real Estate Agent Gets Paid
  • What will happen to industry professionals during COVID-19?
  • What’s REINSW currently lobbying the government for?
  • Are there alternatives to paying stamp duty?
  • What’s happened in NSW’s property market since the coronavirus?
  • Is Leanne personally investing in property right now?
  • What should you expect from your tenant during COVID-19?
  • How to recognise “opportunist tenants” from tenants in genuine hardship
  • The Sydney Property Market: Pre-, During, and Post- COVID-19
  • When will Open for Inspections and public auctions kick off again?
  • What’s going to happen to the property market in September?
  • What’s the real concern in VIC and QLD right now?

 

 

And of course… Additional Helpful Resources on COVID-19

National Update: Click here

State Update:

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.

 

 

 

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