I Bought the Wrong Property; What Should I Do Now?

Note: This episode is a re-run of one of our older episodes. It originally aired on 2nd July 2020 😊  

In this week’s episode, Bryce and Ben answer 10 listeners’ questions! 

With practical advice on property selection and analysis, this episode is your guide to navigating the intricacies of property investment in Australia. 

If you have a question, leave us a message here!  

If we answer it on the podcast, you’ll get FREE access to our Start & Build Workshop (usually retails for $497!!). This online course is a deep dive on the foundations, framework and everything else you need to know on how to build your very own property portfolio. 

  

Free Stuff Mentioned

• New to The Property Couch? Download our Binge Guide – 20 of the first episodes condensed into one easy-to-digest booklet! 
• Check out our best-selling books: Make Money Simple Again and The Armchair Guide to Property Investing! 
• FREE REPORT: Our Top 5 Frameworks for Property Investors 
• FREE REPORT: Top Tips on How to Master the Foundational Pillars in Pandemic Times 

 

Previous Episodes/Guests Mentioned

• Peter Koulizos 
  • Ep 241: 12 Steps to a Profitable Property Development  

• Jane Slack-Smith 
  • Ep 61: Property Education and Renovating for Profit 
  • Ep 213: How to Adjust Your Renovation Strategy 

• Naomi Findlay 
  • Ep 188: What’s Renovating Got to Do with Dating? 

• Household names from The Block 
  • Ep 110 (Part 1) & Ep 110 (Part 2): Meet Frank Valentic from The Block! 
  • Ep 132: Josh & Jenna – This Bickering Couple and their Tiny House Movement in Australia 
  • Ep 284: Kyal & Kara – How to Renovate, Raise Kids, Run a Business & Not Lose Your Mind in the Process 

 

Timestamps

• 0:00 – I Bought the Wrong Property; What Should I Do Now? 
• 5:56 – Proposal submission for review of WA tenancy laws [Editor’s Note: The review has since concluded; June 2023 update here]. 
• 9:43 – Mindset Minute: Be coachable!
• 15:20 – Q1: I want to buy in a location I love and am familiar with, but it is poorly diversified. How do I mitigate the risks? 
• 22:10 – Q2: How important are historical growth rates?
• 29:15 – Q3: I want to invest interstate. Should I look for a local Buyer’s Agent or one who operates nationwide? 
• 30:39 – Our sister company wins an award! 
• 41:29 – Q4: Is it better to prioritise high yield or high growth?
• 46:45 – Q5: Should I move into my rental property? 
• 52:52 – Q6: Is it worth getting an average property in a good suburb if I’m planning to hold for the long term? 
• 57:18 – Q7: Thoughts on buying Defence Housing Australia projects? 
• 1:03:18 – Q8: What do you think about active investing – buying to subdivide, fixer uppers, etc.? 
• 1:07:02 – Q9: I bought a ‘House and Land Package’ before I was educated. What can I do now to ensure growth? 
• 1:10:18 – Q10: Is putting a granny flat out the back a good idea when retiring out the debt? 
• 1:11:55 – Sort out the basics of money management before you invest!