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

Right. Let’s get this out of the way first… 

Interest rate rises shouldn’t be scary!  

There might be some panic-inducing headlines floating around (Especially after the Reserve Bank of Australia’s announcement to raise interest rates for the first time in over a decade)  

But in reality, rising interest rates are not bad! 

To help us explain why this is true, we’ve got a NEW guest on The Property Couch… 

Meet Evan Lucas, Chief Market Strategist at InvestSmart! He is an accomplished financial markets professional who has been investing in and researching global markets for more than a decade!

Evan gained experience at several top-tier global institutions and has worked with the likes of ABN Amro, the Royal Bank of Scotland and RBSMorgans!!  

On top of debunking this idea, we’ll be uncovering… 

📈 Why the RBA has decided to lift interest rates now, 

📈 How inflation psychology actually works (plus how to flip your mindset around it!)  

📈 And of course, does this change mean you should go with a fixed or variable interest rate?!? 

(PLUS, the RBA and politics, predictions for the future, AND SO MUCH MORE!!!) 

Evan will also be sharing his money story growing up and explaining what the GREATEST ASSET you can buy with money is! 

So tune in now to cut through the noise and understand the who, what, and why behind rising interest rates!  

 

Free Stuff Mentioned… 

  

Here’s some of the gold we cover… 

  • 2:10 – Stay close to your Mortgage Brokers folks! 
  • 3:00 – Don’t get anxious…get understanding!!  
  • 4:22 – Welcome Evan Lucas!  
  • 5:30 – Evan’s journey to where he is today… 
  • 10:35 – The elephant paradigm! 🐘 
  • 15:02 – Money can buy you the greatest asset of all: T____.  
  • 26:08 – What does buying T___ look like in everyday life?  
  • 30:02 – Why is the property market so special?!?
  • 34:44 – Evan explains the reasoning behind the RBA’s cash rate hike (and what “The 3 Mandates” are!)  
  • 38:45 – How to flip your mindset folks!  
  • 45:51 – Why the rising interest rates shouldn’t be scary! (And it’s actually a…positive?!)  
  • 48:03 – How does inflation psychology work??  
  • 52:04 – How is the global economy and supply chain influencing Australia’s market?  
  • 55:15 – Breaking down Australia’s employment figures!  
  • 1:01:04 – Should folks choose fixed or variable interest rates??  
  • 1:04:51 – What we predict for the future!  
  • 1:09:39 – Will the RBA’s decision impact the Federal Government’s Election??  

And… 

  • 16:23 – Let’s recap: How to buy your time back and why rising interest rates are good!  
  • 1:20:49 – Never waste time re-opening tabs again (This one’s for you Google Chrome users!)  
  • 1:22:15 – Beware Scammers folks! Listen to this to understand how they work.  

 

RBA Cash Rate May 2022: Cash Rate to 0.35% – Find out what’s next here!

As we speed through the first half of 2022, we’re back with another announcement from the Reserve Bank of Australia!  

The RBA’s May update is not only packed with global economic news from the ongoing war in Ukraine to China’s hard lockdowns but sees the RBA raise interest rates for the first time in 11.5 years.  

Tune in now to hear Ben’s evaluation of the update and his predictions for the future!   

 

Here are our three other key themes for this month’s economic 

  • Global inflation,
  • The impacts of global interest rates, and 
  • What the RBA did today… 

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

  • The World Bank and IMF cuts 2022 Growth Outlook  
  • How Russia’s invasion of Ukraine is impacting the global economy 
  • China’s COVID crisis: will they relax their policies?  
  • The macro drivers behind global inflation: How long will it last?  
  • Why the RBA has decided to hike interest rates… 
  • The US’s mixed economic report  
  • Low unemployment levels, falling consumer sentiment and the lack of wage growth data in Australia.
  • CoreLogic’s Home Value Index – May 2022 
  • And heaps more!  

 

 

 

 

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

 

 

 

 

 

 

Episode 388 | Why do people sell off-market properties?! – Q&A

Folks we have received one of the greatest compliments bestowed upon us in this episode… 

We have been called… 

THE NETFLIX FOR PROPERTY INVESTORS! 

And folks that has absolutely made our day! Thank you, Andrew!!  

But we’re guessing if you’re here, you haven’t just come to hear us celebrate our new title. 😉 

You’ve probably been like us and Jordy – who asked the question – and wondered “Why do people sell off-market properties??” 

And we’re so excited to dive into this because honestly, we think the answer is going to surprise you!  

We’ve also got a fantastic line-up of questions for this week’s Q&A episode, like… 

  • How do you actually put the big rocks in the jar first?! In this case, our question-asker Clancy is having to choose between buying an investment property or home first… 
  • Is it possible to have a multi-purpose investment that actually works??
  • How can question-asker Demi allay her family’s concerns over her investing in her third property within a year?

Listen in now folks, we’re streaming tons of audio gold (Since – you know – we’re the Netflix of property investors 😉)  

 

Free Stuff Mentioned… 

 

Questions We Answer…

Jordy on Why People Sell Off Market Properties  

“Hey Bryce and Ben, 

How you guys going? 

Just had a question around off market opportunities. You hear that there are so many off market opportunities out there that they actually make up nearly more than listed properties. 

I’m just wondering why there would be so many real estate agents who are working on the seller’s behalf wouldn’t want to take it to market to get as much competition and try and get the best price.  

Obviously, there’s times when someone might want a quick sale, but outside of that it just seems kind of just goes against logic, so if you guys could have a discussion about that. Thank you.”  

 

Clancy on Putting the Big Rocks in the Jar  

“Hey property couch guys, 

Long-time listener here. I’ve got a question for you around putting the big rocks in the jar and just having a better understanding of what that means. 

Our current position is me and my partner own a unit on the Northern beaches in Sydney approximately worth 1.4 something, with around 400 and something in equity in that property. 

Over the next sort of five years, we want to move into a house. It’s also in the northern beaches and we also want to start our investment journey in terms of buying investment property. Question is what should we do first? 

Should we have our next goal be behind the house or the next goal be behind the investment property? Everyone in the family says we’d be crazy to buy an investment property first. 

It kind of makes sense to me that that would be the next option. I’d really appreciate your guy’s insight and maybe help me understand what putting the big rocks in the jar means I know that’s an important concept, but I’m just not quite there conceptually, thanks.” 

 

Andrew Kringas on Lifestyle Property purchases 

G’day Ben and Bryce.  

Big shout out to you guys and the podcast. I kind of refer to this as the Netflix for property investors. 

Like a lot of your listeners, I got into you a couple of months ago and have not been able to stop going through all the episodes. Obviously starting up from the beginning and then ended up coming to some of your newer ones.  

My question is really in relation to lifestyle property that you referred to and there has been obviously a really big surge in the past two years of people buying properties in regional, Victorian coastal areas, and looking at using it as a holiday destination for themselves, but also seeing how they can make some substantial rents during peak holiday periods and also use the opportunity to let family use it. 

 Just wondering what your take is on this and with the pending interest rate rises, is it something that you guys look at or do you steer away from it? Similar to high rise apartments. Would be really happy to hear your thoughts, thanks. 

 

Demi on Advice to family after 4 properties 

“Hey Bryce and Benji.  

My question is around family, so my family been watching me. We’re about to purchase our third property in a year, so we have 4 all up. I’m only 25 and my family will get very nervous about it. I have buffers. I have everything. What would you say to them to make them not stress out? 

Thank you.”  

  

Here’s some of the gold we cover… 

  • 2:05 – Focus more on the H___ than the G___! Let us know what yours are… 
  • 4:34 – Question 1: Why People Sell Off Market Properties  
  • 9:00 – Remember folks, just because it’s off-market doesn’t mean… 
  • 11:05 – Real Estate Agents are influenced by E____ too! 
  • 12:24 – Don’t fall for the THIS myth 
  • 16:12 – Question 2: How to put the big rocks in the jar first 
  • 17:48 – It’s a relatively easy decision if you take out… 
  • 19:35 – What we would recommend! 
  • 23:52 – Question 3: Lifestyle Property purchases (Netflix for property investors?! We are HONOURED mate!)  
  • 25:20 – Can you have a multi-purpose investment? (and Ben’s predictions for the regional exodus trend!)  
  • 28:23 – Will the Lifestyle Property Purchase trend continue? 
  • 33:36 – Question 4: Allaying family concerns over investing 
  • 35:24 – Why you should test your buffers…  
  • 38:18 – “Be a student of history!”  
  • 42:10 – Folks, remember there is no “right” way to invest… 

And… 

 

Episode 387 | Everything you need to know about Home & Contents Insurance – Chat with Steve Mickenbecker

It’s no secret that Australia is facing an insurance crisis. 

Did you know that roughly 70-80% of all Aussies are underinsured?!  

With the constant string of natural disasters from fires to floods, the ability to choose the right personal insurance that actually covers you is becoming more and more critical!  

It might not be our sexiest topic folks, but it’s definitely super important to know!! 

But how are you supposed to know what insurance is best for you?   

Or what makes an insurance policy a good insurance policy??  

Thankfully to help us clear this muddy water we’ve got Steve Mickenbecker, financial services expert!  

As well as being part of Canstar’s Group Executive Team (aka. Australia’s Biggest Financial Comparison site!!), Steve is also Canstar’s financial commentator.

He brings more than 30 years of experience in home loans, superannuation, insurance, mortgages, banking, credit cards, investment, budgeting, money management and SO MUCH MORE!  

Basically…he’s the ultimate insurance guru!!  

And he’s here to explain… 

What the heck is Stagflation?!  

How to ensure your insurance policy appropriately covers flood damage!  

What the future for insurance policy services will be (Are we destined to forever be served by robots and AI?!)  

PLUS, Steve will deep dive into some of  Canstar’s and the Insurance Council of Australia’s Catastrophe Data. 

Listen in now folks – this one is real eye-opener! 🤯 

 

Free Stuff Mentioned 

 

Here’s some of the gold we cover… 

  • 2:02 – Money problems are actually Money H___!  
  • 3:48 – Welcome Steve Mickenbecker!!  
  • 5:37 – From ledger cards to cryptocurrency: Steve’s Money Backstory  
  • 14:36 – How Steve first got into finance!  
  • 16:21 – What the heck is Stagflation?! (And why haven’t we seen it since??)  
  • 22:13 – Why is it important to get your insurance right?   
  • 25:24 – What factors should you consider when selecting insurance? 
  • 27:44 – The underinsurance epidemic and why we’re seeing it today! 
  • 29:10 – How to CORRECTLY calculate if you’re underinsured… 
  • 35:23 – Folks, THIS is why you should read annual changes in your insurance policy!  
  • 36:36 – How to ensure your big-ticket items inside your house are actually covered!  
  • 40:20 – Steve’s rule of thumb for knowing what items you should ensure 
  • 42:05 – How to choose the best insurer for you!  
  • 47:30 – So…what actually makes a good policy?  
  • 51:15 – How much excess is juust right? 
  • 53:31 – Online vs. Human insurance service  
  • 55:45 – What sort of records should people keep for claims?  
  • 58:21 – Data dive into natural disaster coverage… 
  • 1:00:30 – The Average out of pocket costs for home and contents insurance!! (WOW!)  

And… 

 

Episode 386 | BEWARE Tax Traps! How to rebuild or repair after a natural disaster – Chat with Julia Hartman

To celebrate the beginning of the festive (tax) season, we’re welcoming back a special guest…. 

It’s the only and only…Julia Hartman!!!!  

And this week she’s sharing with us how to repair or rebuild your house if it was damaged by a natural disaster (Like a fire or flood) … 

Without paying tax through your eyeballs!!!  

She’ll cover all bases from why it’s paramount that you move back into your house as soon as it’s been fixed (trust us, it’ll save you a heck of a lot of tax…listen in to find out what we mean!) 

To what you should do if you’ve been living overseas when your property was damaged!  

But we’re not just covering that of course, Julia’s got far too much knowledge just waiting to be shared! 

We’re also looking at all the recent changes to tax rates and how you can be prepared for them this tax season… 

Plus – we unpack all things Duplex like…  

What’s the optimal way to create a battle-axe duplex (and not lose any or all of your benefits to GST or CGT!!), 

Why you should keep records of everything from lawnmower fuel to maintenance costs,  

And basically, in the wise words of Bryce, how you can “Make apple pie with apples” folks!!  

But we’ll give you a little spoiler first…before embarking on EITHER of these renovations, it’s critical that you speak to a tax advisor who specialises in property. 

We can NOT stress this enough – there are so many fine details in the process and rather than giving yourself a headache, or worse, kicking yourself later for paying unnecessary tax, it’s best to seek advice first!! 

Now that we’ve got that triple highlighted, tune in to today’s episode folks! It can seriously save you a lot of stress later down the track. 

 

Free Stuff Mentioned 

 

Here’s some of the gold we cover… 

  • 1:52 – Don’t miss the next PICA webinar with Peter Koulizos!!  
  • 2:51 – Remember to stop and smell the roses folks…  
  • 6:35 – Welcome back Juliaaaa! (She’s a LEGEND!)  
  • 8:00 – What should you do if your home or investment property was damaged by fires or floods?  
  • 11:48 – Do I need a property depreciation expert? (PLUS, listen to this part for a silver lining)  
  • 14:47 – Why you shouldn’t accept cash payouts for rebuilding!  
  • 16:34 – The importance of intention and using the principal place of residence exemption   
  • 18:20 – What happens if I choose to sell? (And tax implications) 
  • 21:55 – Use a M___ Scheme to reduce your CGT 
  • 24:28 – Case study with Julia’s client 
  • 28:57 – Living overseas? Listen to this part!  
  • 33:16 – Let’s RECAP! (Want more details? Read the FREE report in our show notes)  
  • 36:00 – Building a Duplex: What to consider when demolishing your home!  
  • 39:38 – Why having the INTENTION to use it as a duplex has a lot of upsides  
  • 42:47 – The ideal battle-axe duplex situation is… 
  • 44:10 – Julia’s advice on Buying and Demolishing vs. Renting  
  • 53:30 – Changes to the Tax Rates: Why we think you should claim your deductions NEXT financial year!  
  • 55:54 – Ben’s prediction for the future… 
  • 58:50 – Keep it simple folks, share the CGT!  

And… 

 

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