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311 | The Dummies Guide To Strata Properties & Body Corporates – Chat with Amanda Farmer

What is Strata? And what are your obligations if you are considering investing in, or have already purchased, strata properties?

In this episode we’re going down the rabbit hole of Strata and Body Corporates/ Owner Corporations! Basically, it’s a “101” on The Do’s and Don’ts and Practical Tips for Strata Management… and, while this can be quite a complex topic, we have the perfect guest to explain everything you need to know… without the confusion or legal jargon getting in the way!

Today’s guest is clearly someone who knows her subject well…. Joining us is Amanda Farmer from Your Strata Property! Amanda is a specialist strata lawyer with over 16 years’ experience in strata and community living. As a Fellow and Council Member of the Australian College of Strata Lawyers, she is a recognised strata expert.

This episode is a MUST for anyone who is thinking about investing in an apartment or townhouse that shares common areas… those of which are managed by a body corporate!!

Listen now to get “The Dummies Guide” to Strata Properties & Body Corporates!

 

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Here’s A “Tip Of The Iceberg” Look At What We Cover…

 

 

RBA November 2020 – A New Record Low Cash Rate For Australia!

Melbourne Cup Cash Rate announcement today and the RBA Board has just announced a new record low cash rate for Australia!!!

So here’s Ben’s update on what’s happening to property markets around the world and in Australia.

 

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

👉 What’s The NEW Cash Rate For Australia??
👉 A Deep Dive Into The COVID-19 Health Crisis
👉 Update On The US Economy… Including “Trump vs Biden”
👉 What’s Making Economic News In China?
👉 Europe Update As A Second Wave Of Coronavirus Hits
👉 Australia’s Unemployment Levels…
👉 What Does The Recent “ANZ Australian Job Ads” Reveal?
👉 Has Consumer Confidence Made A Comeback?
👉 What’s Predicted For Victoria Now It’s Out Of Hard Lockdown?
👉 Retail Sales: Are People Starting To Spend Their Money?
👉 What’s The Credit Story?
👉 Housing Finance: Everything You Need To know About Current Housing Loans
👉 New Data For Buildings Approvals Released Yesterday…
👉 Property Market Update
👉 What’s Happening With Auction Clearance Rates?
👉 What’s Next For The Australian Property Market?

 

 

And of course… Additional Helpful Resources on COVID-19

National Update: Click here

State Update:

 

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

 

 

 

 

 

 

310 | Is Property Just A Ponzi Scheme?

Have you ever questioned if property is as good as it’s cracked up to be? Like, is it really a sure-bet investment?

You’ve seen the headlines… You’ve heard us say certain properties should be in the “no go” zone for investors… And maybe you’ve even seen or heard about other property markets around the world that actually CRASHED – quite literally… some even plummeting in prices overnight.

So… What makes the Australian property market different? Is it guaranteed to NEVER fail? And how do we know “for sure” that your money is as “safe as houses”?!

Here’s the deal… a client of ours recently gave us some feedback after working with us. Feedback that, to be quite frank, made us stop in our tracks.

And we wanted to address that feedback today because, one, it raises a few valid points… and, two, we think this episode will help any of you folks out there who might have some reservations about the property market of your own… and/or you simply want to educate yourself more on the Australian property market, how it works and why investing in it isn’t going to end in tears in a few years down the track…

Suss the feedback we received below & Listen Now to hear our response!

 

The Feedback We Received…

A lot of millennials (including myself), are sceptical about property and put off investing because we read/consume a lot of stuff that is bearish on property. I would also say that I found it difficult to listen to the podcast because it is too ‘normie’ and doesn’t address/contend with a lot of the current zeitgeist outside the mainstream media that people consume nowadays (Zero hedge, Martin North, Real Vision, Jolly Swagman podcast, Nasim Taleb, Steve Keen, the case for crypto).

I put off investing in property for years because of this sort of content saying that property is a pyramid scheme for boomers and that valuations are only maintained due to central bank policy and credit availability. Instead of dismissing this stuff as conspiracy theories – actually take it on and come up with persuasive arguments against it instead of relying on me taking 5 years to find them myself.

  • admit that current immigration levels are unsustainable politically and can’t be a key driver of house prices
  • admit that the majority of growth in house prices is due to credit availability and decreasing interest rates
  • admit that there is nothing inherently different about Australia from say Ireland or Spain and their property crashes (other than maybe the ability to print our own currency). 
  • admit the risk of a Japanese lost decade and drop in consumption and birth rates caused by high levels of household debt.  

I would have felt way better going into this if I’d heard some strong arguments against this stuff. Having said all that – I want to invest in property because it’s a human need and it will never go to zero (wealth preservation). I remain sceptical of continued price growth (or at lease real price growth). However, I acknowledge that yes, the game is rigged for boomers but what choice do I have? Getting a bad return on real estate is better than doing nothing. If you want to get more (smart) millennials on board you need to address this stuff.

 

 

Free Stuff Mentioned

 

 

309 | The Top 5 Money Derailers in Relationships And How To Overcome Them – Chat with Joanne Wilson

Did you know that one of the main reasons relationships breakdown is actually due to… Money??!

Yep. Finance places a lot of pressure on couples, and indeed families… so is it possible to build wealth AND maintain a wholesome and happy relationship with your significant other? Further to that, folks… how exactly can we get “on the same page” with our partners when it comes to money WITHOUT it ending in an argument neither of us really want to have?

Well, this is where today’s episode comes in… joining us is Joanne Wilson, The Relationship Rejuvenator and author of Renovate Your Relationship – All The DIY Tools For Your Most Important Project. Jo is a neuropsychotherapist and relationship expert with over 10 years’ experience helping individuals and couples improve their lives and relationships. And, as you can imagine, she’s definitely seen her fair share of couples struggling over money matters!

In fact, Jo’s picked up on The Top 5 Money Derailers in Relationships – including the “3 Corrosive C’s” that’ll destroy any committed couple! And she’s here to tell us exactly how couples can overcome these and instead look forward to a financially rewarding future… together!

So… what’s happening at the coalface of the consult room??

Strap yourselves in folks, ‘cos we’re about to have the hard conversation almost all of us need to hear!

 

 Free Stuff Mentioned

  

Here’s a bit of what we cover in today’s episode…

 

 

 

Episode 308 | Pain & Gain: The Wealth Effect & The Housing Affordability Debate – Chat with Eliza Owen from CoreLogic

When it comes to the current property market… WHERE is the Profit being made? And, just as importantly, WHERE are the Losses happening?

‘Cos let’s be honest folks… it’s been quite the year indeed!! But it looks like we’ve finally reached a turning point in the market…

So, here to discuss the latest housing trends and data coming out from the property market is a very, very special guest and someone who definitely knows her stuff when it comes to property, economics and a big issue almost all first homebuyers face… something called “housing affordability”!

Introducing today’s huge guest… Eliza Owen is Head of Australian Research at CoreLogic! She has a first class honours degree in economics from the University of Sydney and has been a regular economic commentator on FBI Radio and guest speaker on Triple J’s Hack, 702 ABC Radio, Sky News and TEDxSydney! Not to mention, she’s also provided comment for many media outlets including The Guardian Australia, the Australian Financial Review, Pedestrian TV, the Daily Telegraph and plenty more!

PLUS, on top of her first-class knowledge bank, guess what Eliza’s also brought with her today?!

… Nonother than CoreLogic’s most recent Pain & Gain Report – that is, the Quarterly Report that unpacks (in a whole lot of detail!) how different properties, regions and cities are performing across the country. Yep… this includes exactly WHERE the profit and loss is occurring!

So, ready to dive in?!

Listen now to get the latest insights into the Australian property market, including where there’s “Pain” and “Gain”… AND get the tour into The Wealth Effect and The Housing Affordability Debate!

 

P.S. The Pies got slammed last week. Poor Ben. (kinda)

 

Free Stuff Mentioned…

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