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411 | Meet the NSW Premier: Reforms, Housing Affordability & Cutting Red Tape – Chat with Dominic Perrottet

Folks, in honesty, today’s guest needs no introduction – although we’re still going to give him one… 😉

Previously the Treasurer in the Berejiklian Government in 2017 and 2019 (following the re-election of the NSW Liberals and Nationals) he has also served as the Minister for Finance, Services and Property.

A proud husband and father to 7 kids, please welcome to the couch…

The Hon Dominic Perrottet MP, NSW Premier and Member for Epping in the NSW Legislative Assembly!!!!  🎉😱🤸‍♀️ 

Together, we’re pulling back the curtain on NSW’s newest property reforms, and examining his role in the scrapping of Queensland’s diabolical land tax! 

From solving the impending housing affordability crisis to helping everyday Aussies get onto the property ladder and build wealth, the Hon. Dominic Perrottet is sharing what these reforms actually mean for you and why their critical to the future of Australia’s property market.  

But of course, that’s not all… 

Like all our guests, we get to dive a little deeper into who the Premier of NSW is, looking at his childhood and his money story growing up.  

(Psst here’s a teaser: there’s a self-funded school exchange to Italy…at just 15 years old!!)  

An extremely insightful episode, the Hon. Dominic Perrottet shines a light on what managing an entire state looks like from the inside.  A fantastic episode to kick off October, tune in now folks!!  

 

Free Stuff Mentioned… 

 

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

 

Here’s some of the gold we cover… 

  • 0:00 – What we’re discussing with THE Premier of NSW!!  
  • 1:05 – Ladies we want to hear from you! Help us inspire others as a 2022/23 Summer Series guest!  
  • 3:14 – Never judge a book by its cover… 
  • 3:39 – Meet the NSW Premier, the Hon. Dominic Perrottet!  
  • 4:51 – What was his first job straight out of university?  
  • 5:58 – Growing up in a family of 12?!? 
  • 7:04 – How he funded his exchange program in Year 10! 😮  
  • 8:12 – Behind the political curtain of the scrapped QLD Land tax… 
  • 12:13 – The proposed tax set to help First Home Buyers!!  
  • 14:27 – And this is why Ben is a massive supporter of it… 
  • 16:43 – Who is the Shared Equity Scheme Trial targeting, and why? 
  •  18:55 – The true goal of this initiative!  
  • 19:30 – This is the process the Hon. Dominic Perrottet goes through before making changes…  
  • 20:33 – Why has he increased the Accelerated Infrastructure Fund?? (More exciting than it sounds folks!)  
  • 22:28 – How this will materialise in Western Sydney 
  • 23:19 – This is what will bring the prices of houses down!!!  
  • 24:14 –  “You can’t kill the goose that lays the golden eggs” 
  • 25:13 – Slashing through the Red Tape: Where did the problems begin?  
  • 27:47 – Why incentivising councils is important  
  • 28:53 – Ben & Bryce’s Radical Pitch: The Override Rule  
  • 30:18 – This is how local community charm& housing affordability can be achieved…. 
  • 31:57 – The Hon. Dominic Perrottet on the Stretched Commuter Belt  
  • 33:45 – Why working with regional councils is key!  

And… 

  • 34:37 – All Politics Aside…Our 2 cents on today’s discussion!!  
  • 36:08 – If you have property ideas you’d like to share too, we’re inviting you to the couch! 
  • 36:54 – So…is the First Home Buyers Scheme actually a good idea?!  
  • 38:38 – Has Siri been chiming in when you don’t want? Here’s how you can turn Siri off on your Apple Watch.  
  • 40:27 – A Series of Scrapped Reforms: The UK Mini Budget & QLD Lands Tax!  
  • 42:50 – A subdivided AND untouched 35-year-old house sells for…. $3M?!?!?  
  • 44:05 – 2023 as the bottom?! You’ll have to tune in next week...😉  

 

RBA Cash Rate October 2022: How To Stop Inflation Psychology!

Overnight Update: This video was filmed & produced before the UK’s mini-budget was scrapped.

Folks, Ben’s RBA Monthly Update doesn’t get much bigger than this… 

The Reserve Bank of Australia has once again lifted interest rates, property market sentiment is shifting fast, and despite all, Australia’s retail spending remains at record high levels.  

Tune in now to find out if we have finally broken the 50 basis point hike rate trend as we slowly rise above a neutral cash rate.

Meanwhile, on the global scene, the United States’ inflation runs rampant, China battles the impacts of COVID on its economy and global growth has sunk even lower. 

This update points to the looming question: Will Australia be pulled into a global recession? 

(Psst…Stick around to the end of the video to get access to free resources on how to beat the banks at their own lending game!)

 

Tune in to hear Ben unpack all this plus these key themes:  

  • What does Governor Lowe mean by “Inflation psychology in the community” and as consumers, what can you do to help stop inflation!! 
  • Interest Rates are going up again, but when will the RBA take a pause on the cash rate, and why?  
  • The crucial downside risks & upside opportunities to Australian property values in the short term 

 

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…

👉 Currency Crush: The US Dollar vs. The World

👉 The Eurozone is in for a cold winter…

👉 Unpacking the adjusted global economic growth figures

👉 A dip in retail spending: have we reached the peak?

👉 Digging, Growing & Tourism: The Backbones of Australia’s Economy

👉 Australia’s GDP Data for the June Quarter

👉 CoreLogic September Price Movements

👉 To watch the free bonuses on how you can beat the banks at their own game, click here.

And heaps more!

 

Additional free resources:

🔥 Episode 169 | Alan Oster – NAB’s Group Chief Economist – on Interest-Rate Rise, Tax Cut and The Future of Residential Property

🔥 Episode 389 | Interest Rate Rise: What this means for YOU! – Chat with Evan Lucas

🔥 Episode 390 | Will Interest Rates CRASH the Property Market?!

🔥 Episode 404 | What do Inflation, Interest Rates & Broccoli have to do with Property?!

 

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

 

 

 

 

 

 

410 | What Happens Next? Market Reset, Rental Crisis and How To Solve It All! – Chat with Eleanor Creagh

Want to know what’s actually going on with Australia’s anxiety-inducing rental crisis 

Or where the market is really heading (based on insider’s data and knowledge?!)  

Well folks, we’ve got an extremely wise and exciting guest sitting on the couch today to share just this! Please welcome…. 

Eleanor Creagh!  

She is the Senior Economist at REA Group (the brains behind realestate.com.au) and is a trusted financial commentator.  

Specialising in property, financial markets and macroeconomic policy, she has a wealth of experience and knowledge within both domestic and international markets, and… 

She’s here to share all of this knowledge today!  

Here’s a sneak peek of the Q’s she’s tackling… 

👉 Is the Commuter belt boundary extending??
👉  Are we truly locked and loaded for a market crash
👉 Will Units vs. Houses be favourable in this cycle
👉 How do the experts identify we’re in a rental crisis and more importantly, how do we get OUT of one?!? 
👉 What is a realistic market forecast for 2022/23?
👉 How much further will interest rates really rise? 

 And so much more!!  

(Including how she made her life changing career jump, from studying Veterinary Medicine…and ended up in Australia!!)  

Tune in now to discover what the data reveals about today’s market, and where it’s really headed! 🤓  

 

Free Stuff Mentioned… 

  • Want to be on The Couch? We’re calling all potential 2022/23 Summer Series Guests! If you’d like to share your story, reach out to Stig here (We’d love to hear from you!!). 
  • PIPA’s 2022 Breakfast – The Property Investment Professionals of Australia (PIPA) is hosting a breakfast seminar! The event will feature an expert panel who will discuss the future of property investment, especially in light of QLD’s New Land Tax. Click to get your tickets.  
  • Read the results from PIPA’s Annual Property Investor Sentiment Survey 2022 here, and its official statement on its findings here.
  • For more from Eleanor Creagh, read her articles published on realestate.com.au
  • Leave us a Question! Have a problem you don’t know how to solve? Ask us on our SpeakPipe now. (Plus, you’ll get a free Start & Build course!) 

 

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

 

Here’s some of the gold we cover… 

  • 0:00 – The Incoming Gold! 
  • 2:31 – Exciting things on the horizon! (Don’t miss your chance to get on the couch!)  
  • 3:47 – The world is not driven by greed, it’s driven by E_ _ y!  
  • 6:43 – Introducing Eleanor Creagh!  
  • 7:40 – How Eleanor went from Veterinary Medicine to…Economics?!?  
  • 10:25 – Her First Job & Moving to Australia! 
  • 12:07 – Getting fined by the family ledger 😂  
  • 14:12 – From financially conservative to becoming a confident investor 
  • 16:25 – Australia vs. UK’s Property Market  
  • 17:37 – Trends REA’s observing in the 2022 market…  
  • 21:33 – This is how realestate.com.au tracks demand!  
  • 22:54 – Have Australia’s Auction Rates found their bottom?!  
  • 24:54 – Measuring Buyers Intent: how many folks are still property hunting?  
  • 27:27 – Unpacking markets within markets!  
  • 30:20 – Is the Commuter Belt expanding?!? 
  • 32:43 – Immigration & The Regional Shift!  
  • 34:51 – The Big Rental Squeeze  
  • 36:50 – How To Solve Australia’s Grand Rental Crisis  
  • 38:51 – Houses Vs. Units: What will we see favoured in this market cycle?  
  • 41:18 – We see THIS in every market cycle… 
  • 42:00 – APRA’s immovable buffer rate: what does it mean for you?? 
  • 48:05 – Eleanor’s Crystal Ball: What can we expect from the RBA and its interest rate?  
  • 52:27 – Is inflationary pressure set to ease?  
  • 54:08 – Realestate.com.au’s ultimate 2022 outlook  
  • 55:21 – Predictions of Each State  

And… 

  • 56:33 – Reflecting on the chat today… 
  • 58:59 – What folks need to do over the next couple months!  
  • 59:56 – What does your phone know about you??  
  • 1:02:43 – THIS is what we discovered from PIPA’s Sentiment Survey (Spoiler: QLD’s land tax is NOT helping the market!)  
  • 1:08:55 – This is the group that will suffer the most…🙁  
  • 1:11:35 – No less than a 300% increase?!  
  • 1:13:32 – Stay tuned….We’re flying to the Premier’s office next week!?!

 

Bonusisode with Julia – Your Ultimate Guide To Reducing Tax on Vehicles, Private Insurance & Land

IMPORTANT NOTE: This recording was filmed and produced before Queensland’s Land Tax was scrapped.

With a number of policy changes on the cards, in our third episode of “Talking Property Tax with Julia Hartman,” Ben and Julia cover…

  • Salary Sacrificing For Cars: How do Salary Sacrificing and Novated Leases work? Plus, how can you tell if either is beneficial for you?
  • Electric Vehicles – What are the changes to Federal Government’s policy and when is the best time to buy?
  • Private Health Insurance – Is it worth it?
  • QLD Land Tax Changes – How can you get around it?

Together they’ll reveal how these policies work and what actions are worth taking to reduce your tax repayments.

Tune in now!

 

p.s. If you are looking for an experienced and qualified tax accountant, you can reach out to us here 👉 https://thepropertycouch.com.au/tax

 

Free Stuff Mentioned…

 

Here’s some of the gold we cover… 

  • 0:00 – What we’ve covered so far…
  • 3:29 – Salary Sacrificing For Cars
  • 9:02 – What are the potential tax savings?
  • 12:31 – Is it a case-by-case basis?
  • 15:31 – When to Buy an Electric Vehicle?
  • 17:41 – Instant Access Write Off
  • 20:20 – The fine print (how to make sure you’re covered!)
  • 25:16 – Private Health Insurance – The history of the Medicare Levy
  • 28:32 – How to avoid the surcharge!
  • 36:14 – Is it worth it?
  • 38:35 – QLD Land Tax Rules Change
  • 44:03 – A Real Case Study
  • 47:06 – Ben’s predictions for the future…
  • 47:45 – How can you get around it?

 

409 | Having It All: How To Make Every Move A Winner!

Folks often believe that it isn’t possible to achieve everything they want in life.  

But what if, with the right sequencing and frameworks…

It was possible to tick off everything on your bucket list?! 

What if you could make every investment decision a “winner”, helping you to achieve your dream lifestyle? 🤯

This is what we’re uncovering today with a real case study featuring Kevin & Bernadette (Not their real names): a young couple who are planning to achieve it all:  

👉 Start a family with 2 (or 3) kids, 

👉 Continue to build an impressive property portfolio that’ll earn them an $80K passive income, and  

👉 Have a comfortable transition into retirement. 

Starting off with an investment property that isn’t faring so well but with 2 steady incomes, we uncover how – through the power of frameworks, sequencing and paper trading – they can achieve ALL their life goals. 

So how will they do it?!   

Listen now to find out! 🤸‍♀️🤸‍♀️🤸‍♀️ 

 

Free Stuff Mentioned… 

 

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

 

Here’s some of the gold we cover… 

  • 0:00 – The gold this week!  
  • 1:07 – What’s New: A homage to the Queen, PIPA’s Breakfast & the Premier of NSW is coming on the couch?!  
  • 7:57 – Something HUGE is coming!!  
  • 9:36 – The 3 Critical Things That Help With Luck  
  • 11:07 – Today’s Case Study… 
  • 13:02 – Let’s just acknowledge this… 
  • 13:19 – Where are Kevin & Bernadette in life??  
  • 16:07 – So, why did they seek help?? 
  • 18:22 – The Google Maps Analogy!  
  • 21:20 – Their Goals: Retiring, Passive Income & Their Plan!!  
  • 23:04 – What were their big-ticket items?!  
  • 24:16 – We actually recommended THIS (We never do this!)  
  • 25:18 – …and this is why we recommended it.  
  • 28:20 – Why NOW is a good time to invest or upgrade to your dream home!!  
  • 29:25 – The problem with their set-up…  
  • 31:14 – This is a classic example of the Buyers Quadrant!  
  • 31:50 – What sequence this couple should follow!  
  • 34:25 – The Third Kid: The value of stress testing your buffers! 
  • 36:05 – What are the challenges this couple is facing??  
  • 37:07 – Maternity Leave & Cash Flow!  
  • 42:42 – What to consider when thinking about having children!  
  • 45:44 – Split Loans: How to tidy up money structures!!  
  • 48:10 – What does their final plan contain?  
  • 51:06 – The Essential Frameworks  
  • 52:40 – The 4 Steps To Build A Property Portfolio  
  • 55:30 – Come join us on the couch! Be our next Summer Series Guest!  

And… 

  • 57:12 – Ever wanted to “Google” where an image is from?! Try this life hack… 
  • 58:56 – Super and Build-To-Rent – will it happen??  
  • 1:01:03 – A Downward Spiral… 
  • 1:02:14 – Auction Clearance Rates: the future not so clear?! 
  • 1:03:07 – Ben’s predictions on RBA’s Interest Rates  

 

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