Podcast Archives - Page 67 of 125

Bonusisode – 7 reasons why most investors fail…

By The Property Couch November 9, 2019 in Free Resources, Podcast, Videos

If building a multi-million dollar property portfolio really only takes three or four properties …then why do most folk FAIL to buy one?

If only three or four properties — maybe five, if you’ve got a shorter time frame — is all it takes to achieve a passive income for life, why aren’t most investors achieving their dream lifestyle and financial goals then?

Why haven’t they got a successful multi-million dollar property portfolio???

Well, Ben and I nutted out these SEVEN reasons why this is so. And we went “Live” with these little-spoken truths!

Yep. We got serious…. even if our faces don’t show it 😉

Or click here to watch the video on Facebook.

Sorry, registration for this webinar is now closed. Thank you so much for your interest BUT don’t worry! We will be preparing for our next webinar soon. If you’re interested, just leave your email address below and we’ll notify you when it’s registration is open. 🙂

Bonusisode with Nerida – Is the oversupply in Sydney over?

By The Property Couch November 7, 2019 in Podcast, Videos

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A couple of weeks ago we had our regular Monthly Wrap Up with Nerida Conisbee, Chief Economist for REA Group. There are some amazing contents in this LIVE so we thought… why not share it with our community?

As well as getting a “wrap” of the property market for the month of October, you’ll also get some very interesting insights into our economy (incl. where it just might go from here!)

We discuss:

** Will the cash rate get to ZERO?

** Is the oversupply in Sydney over?

** What’s happening with “Rent Control”? (and what does this mean for investors?)

** What is Quantitative Easing?

** Are the things that got us through the GFC currently present?

AND, our regulars…

++ The MOST EXPENSIVE property sold in October

++ The most clicked on property going to AUCTION

++ The most clicked on property for SALE

++ The most clicked on property SOLD

Want to see these properties? Click here to View the Properties (all are in the Comments section)

P.S. Want more episode on asset selection?

257 | The Exception To The Rule When It Comes To Off The Plan Properties & House And Land Packages

By The Property Couch November 7, 2019 in Podcast, Q&A

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Recently, ABC’s podcast The Money ran a very poignant episode on the financial risks of unregulated property investment advice (which we highly recommend you check out – details below folks)… which revealed the pitfalls of buying Off The Plan properties and getting snagged on the end of “one-stop-shop” spruiker seminars.

As well as interviewing two unlucky folks who learnt about investing in Off The Plan in the worst way possible, the episode also features a property ”sales person” … and the look from the other side… is… well… let’s just say we’ve got something to say about it!

‘Cos as you know folks, we hold a VERY strong view on these types of investments — and we’ve been very vocal about this since we first started croaking out this podcast — so why then … would we have an “an exception to the rule”???

Well… that’s where today’s episode comes in! ‘cos if you’re going to go there….. (and many of you STILL write to us about investing in Off the Plan properties AND House and Land packages.… then we want to make sure you stay FULLY informed.

AND we’re also going through a Q&A on this tackle this exact topic, so you might get the answer you happen to be pondering right now!

CLICK HERE to Listen to ABC’s The Money podcast episode — The financial risks of unregulated property investment advice

Other Free Resources Mentioned In This Episode

The Questions…

Question from Brittany

Hey guys! Absolutely love your podcast. Wanted to share something I found. The offer is – buy an off the plan apartment, and get a free Mazda 2. Reeks of a buyer beware scam! Is this even legal? I have never seen anything quite like it and had to share it with you guys.

Question from Alana

I have been listening to your podcast, I have invested in a house and land package in Tarniet, I will be owner occupier . I will be investing with a friend, therefore half the debt will be mine we will be investing around 450,000 total. There are proposed schools next door and a shopping mall and train station going in. Everything in your podcast leads to don’t buy a house and land package… have I stuffed this up already?

Question from Juan — Is It ALWAYS A No To Buy Off The Plan?

Hi guys, First of all – thanks for your great material! It’s great, ‘specially for someone like me who is new to Australia, understanding the way everything works here is gold. I have heard most of your podcasts and also done some research online and I wanted to ask a question around Off-the-plan investments that I still can’t understand. Everywhere people say it’s a big NO-NO. I understand the risks involved (delays, not seeing the finished product beforehand etc) but my wife and I have found an OTP property in a suburb we like (Bentleigh, within the Mckinnon School zone) and we think it’s a good place to live. The developer has done at least 3 different developments in the area all of which we like the finishes and have built it in perfect timing. I wanted to ask why would this be considered a really poor investment? Are OTP properties definitely a NO? I understand the case of Docklands and closer to the city suburbs where you had thousands of developments which made the price go down but in Bentleigh I don’t think this is the case. I have subscribed to locationscore.com.au and the score is relatively well considering that I will live in this property and it’s within my budget. I just wanted to get a sense of your thoughts around this as I am a true follower of your words of wisdom. Hopefully you have some words for me. Thanks in advance and keep up the excellent work of empowering people like me with information. Juan

Question from Phoebe

Hi Property Couch,

I have a question for you. My partner and I recently signed a contract for a 2 bedroom 2 bathroom apartment in Camp Hill, Brisbane. It is a brand new apartment building (small block – only 7 apartments). We plan on living in the apartment (for now but would like to rent it in the future – roughly 3-5 years time). The developer originally wanted $569k, dropped it down to $539k and we signed a contract for $529K. When applying for a home loan, the property was valued at the property $29,000 less than the purchase price. Their report considered market direction, volatility and segment conditions to be of medium to high risk. This is very concerning for us as first home buyers. We don’t know whether the banks are just being overly cautious. What are your thoughts on this? I know you mentioned in your very first podcast, if you are buying new, you are most likely paying too much. We think the apartment is really good quality and ticks a lot of our boxes. Help! Thanks for your time.

RBA November 2019 – Signs that the Economy may be on the Up?

By The Property Couch November 5, 2019 in Podcast, RBA Announcement

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After three cuts this year alone, will we be expecting a fourth cut? It’s the first Tuesday of the month folks which means the Reserve Bank of Australia has just released their official cash rate!

And it looks like there are a bit more positivity coming into the economy! Here’s what Ben will be unpacking in this month’s session:

What’s happening in the US and the Fed Reserve?
Update on the US-China Trade Deal and how it’ll impact the rest of the world
The IMF Global Forecast for 2020
Where is Australia’s inflation trend going and where does the RBA wants it to be
Newest update from CoreLogic Housing Market Index
How’s the construction activities performing and will this improve the housing market?
Are there any positive bounce in consumer spending and sentiment following the tax incentives?

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

256 | From Gold Mine To Fool’s Gold: How This Property Investor Nearly Lost It All During The WA Mining Boom! – Chat with Rick Hockey

By The Property Couch October 31, 2019 in Podcast, Real Estate Agent

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Some investors learn things the hard way. And today’s guest Rick Hockey — property investor AND real estate agent specialising in The Pilbara region in far north Western Australia — is, unfortunately, one of these folks.

In this episode you’re about to get a completely raw look at what it was like to be INSIDE the mining boom that hung a lot of property investor’s out to dry. And you’re going to hear it from someone who was right in the thick of it, and did TWO things during this time…

(1) INVESTED in the WA property boom, and

(2) SOLD REAL ESTATE before, during and after the boom!

Here’s the story… back in 1980, Rick Hockey and his wife Bev made Port Hedland, a dusty but dynamic little town exporting some seriously big volumes of minerals all over the world… their home. And things were good. Really good, actually. Especially when Rick made the shift to working in real estate and then the mining scene boomed to deliver some of the highest rental returns we’ve ever seen — and people from all walks of life were practically climbing over each other to call a basic 4 bedroom house in regional Western Australia theirs. And why was everyone keen to jump in? Well, that simple property in the middle of not-a-whole-lot would put $3,000 PER WEEK in their bank!

And Rick, like many of the locals, invested in these properties too. Lots of them. And life was passive cashflow rolling in (literally hundreds and hundreds of thousands each year), selling million dollar houses, releasing equity and buying again, and again, and again. Everyone thought the mining boom, and these crazy returns would never end.

But then the huge orange trucks stopped turning up. And almost overnight, it seemed all of the tradies with their fat wallets did too. The price of iron ore plummeted. And, just like that, everything changed…

ABOUT RICK HOCKEY

Rick Hockey is an award winning real estate agent specialising in The Pilbara region in north Western Australia — Port Hedland, South Headland and the Marble Bar area. He’s a Senior Sales Consultant at Hedland First National and has a THREE DECADE connection with Hedland’s property market. As a proven real estate consultant, he has developed from Rookie to Diamond Achiever and a Top Salesperson with more than 50 industry awards to date. Rick and his wife Bev made Port Hedland home in 1980 loving the opportunities, lifestyle and raising their 3 children there.

THE “YOU CAN’T MISS THIS” MOMENTS

09:00 – How did Rick pivot into property?
11:53 – When did he start investing?
15:20 – The Property Spruikers
17:40 – What did he friend say that hinted at what was to come?
18:30 – What was it like to SELL property during the mining boom?
20:46 – How did they value property during the boom?
23:20 – When the peak starts dropping…
28:02 – Being a real estate agent during the bust
30:50 – How many properties did Rick own & WHEN did he deciding to sell?
35:50 – What was the price of property PRE-boom?
36:56 – What was the of property DURING the boom?
37:36 – What was the price like POST-boom?
46:33 – Now that the market’s recovering, is it time to invest now?
51:36 – Who should invest in mining towns?

FREE RESOURCES MENTIONED

Get Your Free Book HERE —- Make Money Simple Again

Other Free Resources Mentioned In This Episode

The Questions…

(1) INVESTED in the WA property boom, and

(2) SOLD REAL ESTATE before, during and after the boom!

But then the huge orange trucks stopped turning up. And almost overnight, it seemed all of the tradies with their fat wallets did too. The price of iron ore plummeted. And, just like that, everything changed…

ABOUT RICK HOCKEY

THE “YOU CAN’T MISS THIS” MOMENTS

FREE RESOURCES MENTIONED

Instagram

Free Resources

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