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223 | Q&A – How to Overcome your Fear/Uncertainty in Taking The Next Step

By in Podcast, Q&A

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Folks, feeling a bit scared to take that necessary “leap of faith” on the property market?

If you do, it’s not your fault. In fact… it’s actually pretty normal!!

So, we’ve taken a leaf out of last week’s episode where we answered some of your questions on the BIGGEST CHALLENGES you’re having in a market downturn…and we’re going to dive in on the fear and uncertainty piece! Because a little bit of fear is normal… but if it gets in the way of you and your future, it becomes a BIG, BIG problem.

To help you out, today we’ve got SIX Lessons for you (straight off the bat) as well as a whole bunch of listener concerns we’re going to unpack so you know the best way forward to make the leap, stay the course, handle the Government changes, hold down the fort, invest in a market downturn and much, much more!

 

Before we give you the specifics, just a quick shout out that we have an Encore Webinar happening TOMORROW, Friday 15th @ 2PM, 12th March 2019!!

CLICK HERE to Register – How to Build a Property Portfolio in a Market Downturn and Retire on $2K Per Week

 

Also, ONLY ONE WEEK LEFT to Get 20% DISCOUNT on SELL or HOLD

Use this discount code: TPC20

 

Today’s Lecture Notes…

222 | Q&A – The Biggest Challenges You Face in a Market Downturn

By in Podcast, Q&A

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“What’s your BIGGEST Challenge when it comes to building a portfolio in the Current Market?”

… Folks, this is the question we threw out on Facebook and to our tribe of listeners who receive our emails… and we received a FLOOD of answers back!

So it seems a few of you are facing a pickle or two as we speak (Or were simply keen to grab a copy of our book for free — that’s what we promised if we would read your challenge out, right?)  Well, to help you out, today we’re going to unpack quite a few of these and, with a bit of luck, dish out the gold into how to SOLVE some of these problems…. because pickles are meant for the pickle jar 😉 #dadjoke

No surprises on the stand outs — GETTING FINANCE APPROVED and FEAR are the main culprits here folks! So we’re going to tackle these, but, of course, we’ve also done what we do best & thrown a few hairballs in the mix for good measure.

Before we pick the lock on the ol’ treasure chest, just a wee bit of gold for you right away…

 

We’ve got an exclusive LIVE Masterclass coming your way THIS Wednesday!

Details: How to Build a Property Portfolio in a Market Downturn and Retire on $2K Per Week without having to renovate, re-develop or sacrifice your weekends!

CLICK HERE to Register Now

Just a heads up… this exclusive training will definitely help the folks who are facing challenges right now, or are simply keen to succeed in property investing no matter what the market’s doing. Unfortunately, we WON’T be making this available on our website (the content’s too “hot”), so register to get further details.

 

Quick, did you know… Bryce is… 1. On Escape From The City tonight (ABC TV @ 8PM and ABC iview) and, huge news, 2. Escape From The City is UP FOR A LOGIE AWARD!!! Vote for the show here on the Most Popular Lifestyle Program (voting ends Sunday 31st of March).

 

TODAY’S RESOURCES MENTIONED…

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And THE CHALLENGES…

 

 

[Free Report] How to Get A Loan after the Bank Rejects You?

By in Free Resources

As promised on Episode 222, The Biggest Challenges You Face in a Market Downturn, here’s the Article we wrote on YIP Magazine, How to Get A Loan after the Bank Rejects You?!
Just fill in the form below and we’ll send it to your email right away!

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WHAT TO EXPECT?

  • The 5C’s of how the Banks assess you
  • Three BIG Reasons why banks say no
  • What you can do when your loan is rejected
  • Money TIPS for Accumulating your Income and Sorting your Expenses

RBA March 2019 Announcement – What’s causing the deterioration in our economy?

By in Podcast, RBA Announcement

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It’s the first Tuesday of the month folks… which means the RBA Board has met and announced the official cash rate for March 2019!

As widely anticipated, the Cash Rate has remained on 1.5%.

Now if you tuned in to last week’s episode with Dr Andrew Wilson, you would notice that he forecasted the next rate cut to be as early as April!
Bill Evans, Chief Economist at Westpac on the other hand, is anticipating not one, but two rate cuts on the second half of the year.

What has triggered this and what do we think is going to happen? Why is it that most economists are forecasting a rate cut instead of a rate hike? Ben explains all this and more in this episode.

If you’d like to check out his previous commentaries, click here.

 

 

 

 

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

 

221 | Dr. Andrew Wilson – The Scare Campaign We Had To Have

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“Housing markets shouldn’t be leading monetary policy; they’re a response to monetary policy.” — Dr Andrew Wilson

 

Folks, our guest for this week is Dr Andrew Wilson, Chief Economist at My Housing Market, who is sounding more bullish than bearish when it comes to Australia’s property market and overall economic outlook!

To give you an idea, Dr Wilson provides comprehensive property market insights and is a highly-regarded and prolific housing market speaker, as well as a keynote presenter for the Committee for Economic Development of Australia (CEDA) and an appointed housing market expert and adviser to the Federal Government funded Australian Urban Research Infrastructure Network. He’s also a repeat offender on the Couch, gracing us with his invaluable insights all the way back in Episode 87!

Oh, and of course, he also holds a PhD and Masters by Research in Housing Market Economics. Just sayin’.

So if the uncertainty of the property market is sending your confidence out of whack, let’s go up 30ft around the country and see what’s coming up over that hill. You’ll get a sneak peek at some of the regions that might be worth your attention this year, as well as when the interest rate will potentially drop this year, according to the Chief Economist himself.

Spoiler… the Scare Campaign just might lose its edge!

 

While we don’t want to take the limelight from today’s guest… we should probably let you know here too…. The Property Couch Turns FOUR this week!! Yep, it’s our 4th Birthday, wooooooo 🙂

To help us celebrate, you’ve all made Make Money Simple Again, our latest money management book, a #1 Best Seller! So thank you for our awesome gift!!!! (According to Ben, “We’re now officially out of nappies.”)

 

 Here’s What You’ll Learn in This Episode…

  • What’s Happening Around the Grounds In the Australian Property Market?
  • Will confidence shift any time soon?
  • What are Auction Clearance Rates in Sydney demonstrating at the moment?
  • What are the pressing economic insights coming to light at the moment?
  • Why hasn’t monetary policy worked?
  • When does Dr Andrew Wilson think RBA might drop the cash rate?
  • What p[problems are we facing now?
  • What’s going to happen with new developments this year?
  • Have we seen the peak of the apartment boom?
  • How is an interest rate rise a GOOD thing?
  • What’s the current savings-ratio? When was the last time it was this low?
  • What must you focus on in order to get a loan approved?
  • What does Andrew think about the Royal Commission’s findings?
  • How is employment and wage growth feeding into the economic climate?
  • How will the international economy affect Australia’s economy?
  • What’s Dr Wilson’s message to property investing over the next 2 -3 years?
  • Can you expect a roller coaster ride?
  • What’s his opinion on the Negative Gearing Policy?
  • Are developers in favour of the Negative Gearing Policty? Why/Why not?
  • What are the POSITIVES we’re seeing in the market?
  • How many auctions were in Melbourne last week? How many sold?
  • What will likely be the top performing area this year?
  • When’s a good time to think about buying?

 

We also take a trip around every Australian State and Territory in Australia, so expect to find insights into…

  • Predictions for houses and units in each area (GOLD!)
  • In and around Sydney
  • Melbourne and its regions
  • Adelaide
  • Hobart
  • Far North and Central QLD – including, Sunshine Coast, Mackay, Cairns
  • Perth (and what the vacancy rates are suggesting)
  • Darwin

 

 

 

 

What are the Best Performing Properties in Australia?

By in Free Resources

And we are back again on Weekend Property on TODAY chatting with Alison and David about the best performing properties in Australia!

So what are the boys covering in this segment?

✅ Are we going to continue to see this doom and gloom in the market?
✅ What are the locations that buyers should focus on?
✅ What are the three factors that are affecting the value of the location?
✅ Asset selection tips for each of the major cities across Australia

Tune in now to find out more!

Alison: Well, house price in Australia has now been falling for more than a year and many suspects that they will continue to go down.

David: Yeah, it’s such a challenging market it’s hard to know which type of property will perform best for now. We’re joined by Ben Kingsley and Bryce Holdaway all the way from The Property Couch Podcast. Guys, good to see you! It seems to be a bit of doom and gloom out there at the moment. Every time I pick up a paper, it’s a disaster. What are you guys thinking?

Ben: Yeah David, generally speaking, we are probably going to see some further declines in some market across Australia. We had a building boom so we now we got the reminisce of a bit of oversupply and we also got a credit squeeze going on as well which meant that demand side of the equation is also pressured. You know, I think 2019 is going to be a year where it really is about flight to quality and there are certain types of property that are going to perform better than others.

David: But as you said though, is that something that… is it the levelling out that we needed to have as a nation?

Ben: Yeah definitely in terms of it being a manufactured correction in terms of taking over the lending activities and in terms of scrutinising lending policy means that we don’t have the same sort of rush. That definitely affected the appetite for investors as they can’t borrow the money. That’s part of the manufactured correction that we see from the regulators.

Alison: Are there are any suburbs that are bucking the trend?

Bryce: Look, in terms of, helping people.. Because it’s an essential need right? So despite the fact that you’re reading the headlines and it’s saying that it’s really negative, we still need to put a roof over our head. So we like to help people to understand the bigger picture principals to buying property that will probably outperform and it usually comes down to three things. Economic activity, human interest and human behaviour.

So economic activity is just a fancy way of saying how am I going to get a job, is it easy to get to work in the morning, am I too far out, do I have a huge commute because that’s going to make a huge difference. Alternatively, if you’re in a mining town, you’ll get a job but you won’t have the other ones.

Human interest is, what am I going to do at the weekend when I’m not working? Is there a park, is there a cafe, can I meet up with my friends, is there any water nearby?

And the third of is human behaviour so that’s largely the status test. So what would people think of me if I live in this suburb? Do they think very highly of me or do they think I’m in a lower socio-economic area? Alternatively, in a gentrifying area. So if you overlay economic activity, human interest and human behaviour across the suburb in a market like what we’ve got now, it’ll help you make a decision into what suburb you’re looking at.

David: Alright let’s talk about the suburbs. What areas are best in each city? Take us through!

Ben: Yeah if we do a fly-around, I’ll start with Brisbane. Brisbane is a story of a river city. So in terms of being closer to the river and if you can get on the north side of the river, that’s probably where the job opportunities are. Then if we look at Sydney, it is a story of being close to the harbour and also the beaches. Obviously, you got bigger congestion as you get closer to the CBD but because of that, being close to a train line helping you get around the city a little bit easier. There are some of the drivers.

Bryce: Now in terms of Brisbane, there are similarities to Sydney but it doesn’t have the harbour or beach as a driver so it’s really how close can I get to the CBD. And that congestion is enormous so we got to make sure you’re buying in an area with a train line or access to a train line. Hobart, that’s all about views and being able to walk to the CBD because it’s such a lifestyle location.

Ben: Yeah terrific. And then we go to Adelaide. We are starting to see a bit of a theme here in terms of access to jobs, CBD, greater amenity but also the beach story there and it’s a bit of that also for Perth. Bit of rinse and repeat for Perth. We’re talking about the beautiful coastline there so we can be closer to the beach where there is a bit more scarcity in the land there. And then also, getting into the job centre so coming back towards the CBD. So the proximity pieces where you get all of those amenities together is what gonna drive those demand in those better areas.

Alison: Keeping in mind, the more the proximity to those things is also going to cost you more.

Ben: They do.

Alison: So how much can you afford is going to be an issue.

Bryce: Yes exactly! Some people can’t do more, can they?

Alison: Alright gentlemen, thanks for joining us this morning and thanks to those tips.

Boys: It’s a pleasure, thank you.

 

And there are heaps of other free resources on our website. We update them every week so make sure you check them out before you go. 🙂

Any questions or suggestions for new topics? Just send them in to [email protected] or fill in the form below and we’ll chat about it at our future Q&A episodes.

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220 | Sell or Hold? The $64 million dollar question.

By in Podcast

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Folks, “the $64 million dollar question” — and the decision that comes with it — has the potential to either CRIPPLE or COMPLETE an investor’s property portfolio…!!

And the expensive and decisive question is this…

“Should I sell or hold onto my property?”

Who knows, maybe YOU are currently mulling of this exactly question right now? Or maybe you’ve invested in a not-too-great property, but you don’t know if you should keep it? Or maybe, just maybe, you’re like a lot of us… and you simply don’t know how to work out if a property’s got something in the tank — ie. Capital Growth — or it doesn’t.

 

So… how can you work this out?

Well, to help us with the Number #1 Dilemma property investors and home owners have faced since day dot, is none other than the self-confessed “Data nut” himself… Jeremy Sheppard!!

Because if there’s one thing data can do for us, it’s to take the guesswork out of a seriously costly decision an make it a research-backed, conscious one! (We’ve got a surprise in this episode that just might help YOU too — and there’s a link further down if you’re looking for it!)

Of course, for the folks out there who may not have heard Jeremy on the podcast before — he is of course, the better third of the LocationScore Lads (yep, he gets to hang out with us two larrikins riffing on about the best suburb to invest in ALL the time!) 😉

Jeremy Sheppard is one of Australia’s leading property data experts and analysists, having pioneered DSR data, a formula that scores every suburb in Australia out of 100 based on their Demand to Supply Ratio. Oh, and not to mention he is fluent in every property market metric — from Auction Clearance Rates all the way to the “Recycling Costs” we’ll be talking about today!

Hint: it’s got a lot to do with how to answer the $64 Million Dollar Question!

 

And if you haven’t checked out Jeremy’s prior episodes, here they are:

 

NOTE: More details on Sell or Hold below but if you’re keen to get started, o

 

What You’ll Learn in This Episode…

  • The Closest Answer You’ll Ever Get to “Should you sell or hold onto your property?” !
  • How to work out the above in the cheapest and quickest way
  • The very first thing you need to think about before you do ANYTHING.
  • What is opportunity cost?
  • What do you do when you’ve bought a lemon?
  • How much does it cost to exit one market and enter another one?
  • How much does it REALLY cost to sell?
  • What does “Recycling equity” mean?
  • How can you work out the future growth of a property?
  • What are some of the selling costs you have to think about?
  • What are the ongoing costs to hold a property?
  • Why do you need to think about how these holding costs stack up against rental income?
  • What are the “Capital Costs” involved in selling a property?
  • What is the most expensive cost a property investor has to pay?
  • How many years is this decision TOO LATE??
  • Should you focus on Yield or Capital Growth?
  • What should you do with an Off the Plan property?
  • Why do you need to be careful of “jealousy” in high rise buildings?
  • What holds people back from making the decision to sell or hold?
  • What’s happening in Sydney right now?
  • Why isn’t putting your name on title enough?
  • How can you work out WHICH PROPERTY to get rid of?
  • What are the 3 Main Considerations in selling or holding a property?
  • Even if you can’t afford to re-enter the market, should you still consider selling?
  • How confident can you be in this Sell or Hold algorithm?
  • If you choose to sell and buy elsewhere, how many years do you need to see a return in investment?

 

P.S. The cutting-edge software program (the first of its kind to EVER hit the property market) that we talk about in this episode can be found at SellorHold.com.au

This is also where you can get a Free Sample Report to see how the research and methodology works.

Exclusive 20% Off Discount for listeners… Simply use this Code at the Check Out Page: TPC20

Here’s the step-by-step process to use Sell or Hold:

  4. In taking the next step, you access the full Sell or Hold predictive platform! This will be a paid assessment of $497 and our community gets a 20% Discount ($99.40 savings) ! Just use this code: TPC20

                                                                                                                                                    

 

Bonusisode | The Changes to Broker Regulation that will Impact Investors

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We’ve got Phil Tarrant from Smart Property Investment Podcast and Alex Whitlock, the Mortgage Business Director at Momentum Media for today’s Bonusisode folks!

What are we chatting about?

Well, it’s all about the future of the mortgage broking industry following the Banking Royal Commission’s Final Report and how will it impact the consumers moving forward.

It’s not very often that we have a trade-specific podcast, but as this will have a significant impact when it gets rolled out, we thought it’s crucial to increase the awareness on it.

Here are some of the links that we spoke about…

 

p.s. If you like this episode, make sure to check out Episode 218 | The Warning Signs of an Economy in Trouble as well!

 

219 | How going from 30 properties to Bankruptcy shaped this riches to rags… and back again story! Chat with Julie Ann Cairns

By in Podcast

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Wow-wee does this episode contain ALL the gold… and then some!!!

Unlike a “rags to riches” story, today’s very special guest — Julie Ann Cairns — shares her personal experience living RICHES to RAGS… and how she finally managed to overcome the money pattern that kept resurfacing in her life.

Of course, today Julie’s life’s mission is to empower people to live an abundant life free from false beliefs — and in this spirit, she wrote The Abundance Code – How to Bust the 7 Money Myths for a Rich Life Now (we’ve got two copies up for grabs, see further down for more 🙂 ) And as an economist and statistician, with over 25 years of experience in the fields of wealth creation, financial market education, and financial advice… this book makes sense…

… BUT that’s NOT where her story started!

Julie’s rollercoaster ride with money dug its roots right in when she was too young to question it — her father was a successful surgeon, her parents were property investors in a position to send their kids to prestigious schools, they lived in their dream home on a lake in Canada… in fact, they were so wealthy they could even to afford to own a “couple of airplanes”!!! (Crazy, huh?)

But then her parents lost everything. And what happened next triggered a chain of events that made Julie swear she’d NEVER end up bankrupt… except that, years later, she was in an almost-identical situation herself.

So… how on earth did she end up in the same predicament? And, most importantly, WHAT did Julie discover that explained why this was likely the case???

Folks, to give you a bit of a teaser… what Julie discovered about “subconscious barriers” is a GAME CHANGER for your own financial (and personal) wellbeing!

(So much so, you’ll barely hear Ben in this podcast — **speechless**).

 

Before we get into the guts of today’s episode, CLICK HERE to Get Julie’s “Scare City vs The Abundant Forest” Diagram Mentioned in Today’s Show

Oh, and interested in getting your hands on a copy of Julie’s book for free?

For your chance to win, head to our Facebook Page and under the photograph of The Abundance Code, tell us in 25 words or less why YOU need a copy of Julie’s book.
Offer ends at 11:59 PM, Monday, 25/02/19.

 

Here are the teasers in today’s episode…

 

p.s And here’s the diagram we were talking about on the podcast!

 

 

 

218 | The Warning Signs of an Economy in Trouble

By in Podcast, RBA Announcement

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Folks, while we’d love to bring you GOOD news all the time, unfortunately, some things — like the economy! — are simply out of our hands 🙁

So if you heard from us this morning because you receive our VIP emails (download the free chapter of Make Money Simple Again if want to be a part of our tribe), then you’ll know that the economy in not looking…… ahh…… too crash hot.

Here’s why…

As we’ll soon explain, there’s quite a few reasons why the Australian economy’s underperforming — but here’s the TOP TWO big things we are unpacking to tackle today’s episode…

  1. The Banking Royal Commission’s Final Report (and the unintended consequences some of the 76 recommendations will have)
  2. Governor Lowe and the Reserve Bank of Australia (RBA)’s latest cash rate and commentary

 

If you’re not familiar with some of the things we refer to in today’s episode, here’s a rundown of the resources and commentary we refer too…

And the Less-Serious Stuff…

 

Here are the highlights…

 

 

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