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430 | 17 Properties & Counting: How To Play The Long Game – Chat with Damian Collins

By in Podcast, Property Investment

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Folks, we don’t usually focus on just ONE state, but considering it makes up 33% of Australia, we thought we’d make an exception… 😉   

Yep. If you haven’t guessed yet, this episode is all about investing for the long term in Perth, Western Australia. (aka. Bryce’s hometown!)   

And who better to help us unpack the WA Market than one of the state’s OGs (and returning Property Couch guest) Damian Collins, Founder and Managing Director of Momentum Wealth!  

He’s also the Chairman of Westbridge Funds Management, has been on the Council of the Real Estate Institute of Western Australia (REIWA) since 2011 and served as President of the Institute from 2018 to 2022 (phew!)   

An active property investor himself, Damian also owns 17 properties in Western Australia!!  

Basically…he’s the property guru to talk to when talking all things west coast, and since our last catch-up, the market’s changed A LOT. 

We’re covering whether Perth is no longer just “a one-trick pony” (aka. A boom-or-bust mining town) and honestly… 

Why we think it’s about to boom!!  

Yep. You heard it here first folks. 😉 From the construction challenges WA has been facing to why “regression to the mean” should mean something to you, we’re giving you an updated and in-depth guide to investing in WA.  

Plus, tune in to hear Damian’s money backstory, the one passion that set him on his current trajectory today and how he kept his cool during COVID and rising interest rates.  

Tune in now!  

 

Free Stuff Mentioned… 

 

Want to work with Bryce & Ben’s Award-Winning Team? 

 

Here’s some of the gold we cover… 

  • 0:00 – We’ve landed a (returning) big fish today folks! 
  • 1:58 – Massive Resources Incoming: FB Lives, a future Moorr video & a PICA Webinar?!  
  • 7:37 – Mindset Minute: Success is hard because it requires…  
  • 9:10 – Re-introducing return guest, Damian Collins!  
  • 11:41 – Damian’s Money Story: Chickens, a recession and his inspiration to invest early 
  • 16:57 – This passion set Damian on this current trajectory…  
  • 19:12 – “Fortune favours the brave”: How Damian made his first investment 
  • 21:22 – From building his portfolio to starting Momentum Wealth  
  • 26:14 – Damian’s sentiment toward rising interest rates  
  • 29:29 – Was he tempted to sell a property during COVID!??  
  • 31:59 – The psychology trap many investors fall into during market cycles  
  • 35:57 – Why Perth’s prices are sitting where they are!  
  • 42:01 – Should Perth still be seen as just a mining town? 
  • 46:20 – If you’re in this position, Damian recommends investing in Perth… 
  • 48:30 – Regression to the mean: Why it should mean something to you!  
  • 49:43 – Why should you be investing in Perth today?  
  • 53:10 – The Critical Construction Industry Challenge  
  • 54:06 – Psst…Astute or borderless investors, listen to this part 😉  
  • 56:45 – Investing in Commercial property (+ Damian’s solution to remove barriers of entry for everyday folk)  
  • 1:01:04 – The class Damian likes to invest heavily in…  

And… 

 

Check out our newest financial features the WealthCLOCK, WealthSPEED & WealthTRACKER on the Moorr web platform, or download the app on Apple and Android.  

 

429 | Property Market Outlook 2023

By in Podcast

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Folks, it’s about that time of year again…  

We’re dusting off our crystal ball, crunching the numbers from last Quarter and using our hard-earned experience from past market cycles to give you…  

Your ultimate Property Market Outlook for 2023!  

 From the suburbs that are set to soar in 2023 to when we can finally expect this record rate hike to end, we’re covering everything you can expect this year and answering:

Is Australia headed towards a V or U-Shaped Recovery?  

And of course…we’ll be using some super useful reports to bring you the wider Macro Story in Australia including inflation numbers, property supply levels and more.

With each year bringing a completely different property market, tune in to get an expert forecast for 2023 and be prepared for the year ahead.  

Give it a listen now! 

 

Free Stuff Mentioned… 

 

Want to work with Bryce & Ben’s Award-Winning Team? 

 

Here’s some of the gold we cover… 

  • 0:00 – We’ve been receiving super positive feedback on the WealthSPEED (Thank you!)  
  • 4:01 – Here’s how to easily access ALL resources mentioned in this show….
  • 4:49 – Mindset Minute: Spoil your kids, and you’ll end up doing this😉  
  • 6:46 – What we’ve been hearing at the coal face… 
  • 9:34 – The Baseline Scenario Set Up  
  • 11:22 – Our prediction for the Cash Rates (THIS is what’s holding the market back…) 
  • 15:30 – This is why we think we’re close to an interest rate pause! (Reason #1)  
  • 17:48 – The 3 Population Buckets  
  • 18:23 – See the Australian Household Savings Ratio Graph here >> 
  • 19:51 – Reason #2  
  • 21:19 – Breaking down our Inflation Indicators
  • 23:14 – THIS was the biggest catalyst of core inflation 😮  
  • 24:10 – Our Inflation Prediction (Using December’s NAB Business Sentiment Survey Data.) 
  • 26:38 – Reason #3 (Immigration + Employment = ?!?)  
  • 29:08 – “Disinflation”, construction costs (Read CoreLogic’s Cordell Construction Cost Index here >>)  
  • 31:20 – The Macro Story in Australia (& what happens if we have a rate pause?!)  
  • 33:39 – Property supply & demand levels (See the Capital City Properties Listed For Sale graph here >>) 
  • 40:40 – Our forecast for property supply levels 
  • 41:56 – The Lending Story & APRA’s potential role  
  • 43:56 – When should you get into the property market?  
  • 47:41 – When we think the market will bottom out!   
  • 51:39 – Is Australia headed towards a V or U-Shaped Recovery?  
  • 52:57 – What markets-within-markets are set to soar?   
  • 1:01:33 – Who should be buying this year?  
  • 1:05:36 – …and who definitely shouldn’t be buying this year?  
  • 1:11:52 – Our Top Takeaways & Predictions   

And… 

  • 1:16:28 – You can unread your messages?! Here’s how😮  
  • 1:18:10 – China’s off its COVID Zero policy… 
  • 1:20:35 – Leave us your questions for our next Q&A Day! Send them through our SpeakPipe here >>  

 

Check out our newest financial features the WealthCLOCK, WealthSPEED & WealthTRACKER on the Moorr web platform, or download the app on Apple and Android.  

 

RBA Cash Rate February 2023: The Inflation Peak Has Passed, So What’s Next? 

By in Podcast, RBA Announcement

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Welcome back to a new year and Ben’s first RBA report for 2023! 

After a month’s hiatus, Australia’s economic landscape has changed rapidly. Will the board decide to mirror December’s 0.25 rate rise or is a larger rate hike in order?  

Tune in to find out, plus Ben covers the highs and lows of the domestic market from the ASX’s surprise positive results to falling unemployment and business sentiment.  

Of course, Ben also dives into the biggest news from around the world including the US’ “disinflationary” period, China’s relaxing lockdown laws, and more.  

Here are Ben’s key themes for this month’s economic update: 

  • We are now past the peak of last year’s Global Inflation shock (including here is Australia, even though the last data read for December didn’t show that).
  • Australia’s Cash Rate tightening cycle is coming to an end, led by the consumer running out of cash

 

P.S. Want to hear our 2023 market predictions? Stayed tuned for this week’s episode (Ep 429) where Bryce and Ben unpack the Risks and Opportunities in our annual Property Market Outlook for 2023.  

Quick tip! If you’re keen to forecast your cashflows through this period, use the handy MoneySTRETCH feature on our free money management platform, Moorr. Click here to sign up or log in. 

 

 

Plus, Ben also includes his latest news and commentary on…

👉 Australia’s 9th consecutive cash rate rise

👉 Our Cash Rate tightening cycle is coming to an end, led by the consumer running out of cash

👉 Is ‘Disinflation’ the buzzword of 2023?  

👉 US’ mixed economic signals: What does this mean for the world’s biggest economy

👉 China’s lockdown restrictions ease & good news comes out of Europe   

👉 The effect of immigration in Australia over the coming year  

👉 A slowing construction sector   

👉 Retail spending drops and things get tougher on the business front (but why it’s actually a good thing)   

👉 How APRA is keeping consumers in Mortgage Jail

👉 CoreLogic’s Home Value Index – 1 February 2023, and more!  

 

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

 

 

 

 

 

 

428 | What is your WealthSPEED?

By in Podcast

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Why do folks struggle with good money management?   

It’s a huge question. Now here’s an even bigger one… 

How can they overcome it?!   

Yep. We’re kicking off February with some pretty big and bold content!

With many new year’s resolutions fading into the background of life as January comes to an end, we’re aiming to give you an extra boost of motivation by diving into the 3 biggest causes of bad money management (do you fall into any of these?) and revealing how to tackle and triumph these challenges in 2023!  

And since this podcast is all about giving you the insider’s guide to property and money management, we’ve got 3 special gifts from our Moorr money management platform to help you do just that…

Introducing the WealthSPEED, WealthCLOCK and WealthTRACKER.   

Tune in now to find out how these next-generation financial tools will transform the way you view and control your money and let us know your answer to today’s questions…

What is your WealthSPEED??  

(Leave your answer on our socials or send us a message 😉!) 

 

P.S. Want to learn more about these awesome tools? Check out our Moorr Wealth Dashboard “handbook” here >>  

 

Free Stuff Mentioned… 

  • Want to know your WealthSPEED? Find out by visiting Moorr’s web platform, or download the app on Apple and Android and completely transform your understanding of wealth-building today.
  • Learn more about WealthSPEED, WealthCLOCK & WealthTRACKER here >> 
  • [Free Book] Make Money Simple Again: Learn the foolproof money management system we talk about in this week’s episode. We promise you’ll find a surplus in your bank account every single month. Get your copy here >>
  • Exclusive Masterclass: We’ve been receiving so much positive feedback on our new Masterclass! (Thank you to all who’ve attended so far.) Learn the #3 secrets behind building a property portfolio and retiring on $2k a week today by reserving your seat here >> 
  • Sign up to our YouTube Channel: 2023 is the year we’re going to start pumping out tons more educational content! Stay in the loop by joining our YouTube community and be the first to know. 😊
  • Listen to Ep 200 | Paul Clitheroe – Timeless Wisdom from the Original “Money” Guru 

 

Want to work with Bryce & Ben’s Award-Winning Team? 

 

Here’s some of the gold we cover… 

  • 0:00 – Welcome back 😊  
  • 1:14 – Wow, what a series! (+ what’s in store next week…)  
  • 3:59 – February is the perfect space for this. 
  • 5:25 –🚨 Your internal trigger is a powerful thing folks! 🚨  
  • 14:24 – The 3 things you’ll discover in this episode  
  • 18:12 – Why most households are challenged by good money management (Reason #1)
  • 22:22 – Reason #2 – This goes back to what Ben says EVERY episode!! 
  • 25:54 – So, why don’t we learn this at school?!  
  • 30:03 – Reason #3 (aka. The biggest reason why people don’t achieve financial peace)  
  • 33:16 – Subjectivity is where the danger lives folks!  
  • 36:03 – …and THIS is what you gain!  
  • 38:37 – The money management system we started with and still believe in!  
  • 40:22 – WealthSPEED: Your Speedometer 
  • 41:45 – This is your Wealth Creation Car 🚗  
  • 44:28 – Why this is the ONLY financial metric you’ll ever need  
  • 46:51 – How it all began… 
  • 50:01 – WealthCLOCK: Your Odometer 
  • 51:22 – WealthTRACKER: Your GPS  
  • 53:19 – If you are like THIS, then these tools were made for you!!!  
  • 54:04 – How these tools help you SMASH bad money management!  
  • 59:04 – These are the kind of people we’re coming after!  
  • 59:52 – For our clients who’ve got a plan… 
  • 1:02:12 – We want to make money management as simple as possible so check out these resources too!  
  • 1:08:14 – Google Flights: Is it worth the hype? 

 

Discover your WealthSPEED today! Check out the Moorr web platform, or download the app on Apple and Android.  

 

427 | “I made 200K over 4 years by not doing much”: The Amazing Penny Drop Moment For This Investor – Chat with Steph

By in Podcast, Summer Series

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Folks…we’ve absolutely LOVED creating this Summer Series and getting to sit down with all of our amazing guests, which is why we’re sad that this our last episode🙁  

(Don’t worry though, we’ve got a seriously good next couple of weeks planned!)  

And you can bet, we’re finishing our 2022/23 Summer Series with an unbelievably great episode…  

Meet Steph.   

Her first renovation was done on a shoestring budget. 

With her husband in between jobs, and Steph herself fresh out of university, there wasn’t much money to play with.   

Then, they received some advice….and made the life-changing decision to sell 🙁.  

But this isn’t the end of this couple’s story. In fact, it’s just the beginning… 

During their next renovation is when they had THE penny-drop moment which transformed their life’s path and financial future forever. 

Tune in to find out what this moment was and the journey Steph and her husband (who she met at just 12 years old!!) have been on… 

From her earliest “observation, not conversation”, money management lessons that she learnt from her amazing parents, to how she found the secret sauce to unlocking her confidence on her investing journey.  

It’s a truly fantastic way to end our Summer Series and a true testament to the importance of good money management habits, taking action, delayed gratification and so much more evergreen wisdom.  

 

 

A huge shoutout to Steph and all our amazing 2022/23 Summer Series guests who’ve had the generosity and openness to come on and share their stories with the community – it’s people like you that are changing the lives of investors everywhere! THANK YOU!   

P.S. And for those folks out there who celebrate it today – Happy Australia Day! 🇦🇺🐨 

 

Free Stuff Mentioned… 

  • Want help with your sequencing? Reach out to our award-winning financial advisory! Book a free, no-obligation initial chat with our team here and see how we can help you on your investing journey 😊  
  • Lifestyle By Design App: We’ve just launched Moorr the mobile app! Our free money management platform is now available on Apple and Android. Check it out today and completely change the way you view and manage your money!  
  • EXCLUSIVE MASTERCLASS: We’ve just released our brand new Masterclass! Learn the #3 secrets on How to build a property portfolio and retire on $2k a week and start 2023 right. Check it out here >>  

 

Want to work with Bryce & Ben’s Award-Winning Team? 

 

Here’s some of the gold we cover… 

  • 0:00 – We’re finishing our Summer Series on a high!  
  • 2:53 – Meet Steph!  
  • 3:27 – “Observation not conversations” 
  • 4:31 – What money management strategy did Steph’s parents take?  
  • 7:04 – Valuing Experience First: The trade-offs and what it looks like  
  • 8:44 – Her parent’s investing evolution + portfolio  
  • 11:04 – Dollarmites & the FIRST thing she and her brother saved up for  
  • 15:16 – The greatest things she’s learned from Dad  
  • 17:30 – From the Reject Shop to her first big purchase  
  • 20:23 – Affording the First Home: In between jobs and fresh out of uni  
  • 22:53 – The One Who Spends & The One Who Saves  
  • 23:12 – Meeting her husband at 12 years old!   
  • 25:31 – The 70’s flip: Renovating on a shoe-string budget 
  • 28:40 – …and they sold it 🙁   
  • 30:22 – The 2nd Reno flip!! (To-be renovators: Listen to this for a golden nugget of wisdom!)  
  • 33:59 – Where did this drive for knowledge come from??  
  • 35:08 – The penny drop moment for Steph…  
  • 36:09 – Getting a plan done by Empower Wealth! (+ WHY they got it!)  
  • 38:01 – The power this couple found from automating their finances 
  • 39:40 – How Steph put the plan into action…  
  • 41:42 – “It was some of the best money we’ve ever spent”  
  • 44:27 – What was this couple’s “big rocks in the jar”?   
  • 46:45 – How has Steph been coping with rising interest rates?  
  • 48:36 – Does she talk about finances with her friends?   
  • 50:41 – How does Steph remain calm despite market noise?  
  • 53:38 – The internal achievement their working towards… 
  • 56:24 – Steph’s words of advice to the community!  
  • 59:22 – Wow, just wow.  
  • 1:04:17 – A massive THANK YOU to all our guests who’ve come onto our 2022/23 Summer Series! 
  • 1:07:45 – We’ve got a super exciting announcement to make…… 

 

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