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Episode 288 | How He Survived Multiple Recessions & Why He Still Believes in Property, Even During a Pandemic – Chat with Peter Koulizos, Chair of PIPA

Did you know that “Property Professor” Peter Koulizos INVESTED during multiple Australian recessions? And now, in the wake of COVID-19 he is STILL adamant that property is a safe bet!

So, what can we learn from one of Australia’s leading property experts who’s actually lived through The 70’s Recession, The 80’s Recession, The 90’s Recession and The GFC?? What can we take away from someone who invested in almost all of them?!

Today, we’re welcoming back Peter K, no stranger to The Couch! As well as being none other than the Property Professor as the Program Director of the Master of Property at The University of Adelaide, he is also the Chair of Property Investment Professionals of Australia (PIPA) and widely regarded for his insights into the Australian property market; including everything from gentrification to property development!

And aside from hearing how on earth he survived all of those economic upheavals, we’re ticking off these three key points (more on what’s covered in this ep further down)…

  1. Pete’s take on COVID-19 and how it compares to Australia’s Recessions and The GFC
  2. Peter Top 5 Things he’d say to his 20 something self BEFORE buying his first property (we’re excited for this one!!!)
  3. The new PIPA/PICA survey results 😊

With #3, Peter and Ben are also unpacking the brand-new results from the recent PICA & PIPA Sentiment Survey that just went out… so we can all see how current and aspiring property investors are feeling about the property market since COVID-19 entered our lives. And the results are kinda surprising!

 

Free Stuff…

 

What we Cover in Today’s Episode…

  • How does the COVID-19 property market stack up to during previous Australian Recessions + The GFC?
  • How does the typical “Australian Aspiration” differ from other counties? And why is this critical in shaping the future of our property market?
  • Property Transactions vs Property Prices: What’s Happening Now?
  • Safe strategies to increase immigration and help Australia’s economy
  • What property sector will be most affected by COVID-19?
  • What is the Government proposing in order to stimulate the property market?
  • Which commercial properties are likely to survive the pandemic?
  • How many new dwellings should we be building per year? (minimum)
  • What 5 things would Peter’s tell his 20-something self BEFORE buying his first property? (check out our tips here)
  • Why Your First Home Shouldn’t Be Your Dream Home!
  • How old was Peter when he moved into his forever home?
  • How To Use Someone Else’s Hindsight To Make Better Investment Decisions
  • How can you help your kids get on the ladder while still investing yourself?
  • How many Australian property investors still think it’s a good time to invest?
  • How many investors are currently affected by financial hardship based on the PICA & PIPA sentiment survey??

 

 

 

 

 

Episode 287 | Why buying a Harley derailed Bryce’s property portfolio & the Ten Tips we’d tell our 20-something selves

If we could go back and invest in property all over again, what would we do differently?!

Well, for one, Bryce probably would’ve have bought a Harley Davidson!! (Yep)

Folks, this is exactly the stuff we’re unpacking today – the Top 10 Tips we’d tell our “20-something” year-old selves BEFORE we purchased our first property!

To give you an idea… Ben purchased his first property at 23 & Bryce at 24. So, if we fast forward a couple of decades to where we are now – two of Australia’s leading property experts, each with a multimillion-dollar property portfolio — what would we go back in time and tell ourselves? ‘Cos, let’s be real, it was anything but a “walk in the park” – and we both made some really stupid and regretful decisions to get where we are now! And we’re sharing these, ahh, “rookie errors” with you so you can AVOID them yourself … or — if like us, you didn’t know you were doing the wrong thing – help you course-correct quickly!!

And folks,… we’re NOT proud of how we’ve learnt some of these tips. Sure, some of us have to “learn things the hard way” and, while it’s all “part of our journey”… we really suggest you learn from our “if only we knew this…”!

Almost always, wealth creation (or any success for that matter) comes from modelling those who’ve achieved the results you’re after… but here’s another bonus tip… wealth creation (or any success for that matter) comes much easier when you learn about the mistakes SECOND-HAND 😉

Enjoy the Top 10 Tips — we’re super excited to share these with you, even we feel a bit vulnerable doing it!

 

As Ben mentions, if you’re a property professional keen to showcase the coalface of the property market so folks out there can see that, yep, the property market IS still alive and happening, simply update your photos on socials and use the hashtag #OZPropertyALIVE (feel free to tag us too… especially if you want our eyeballs on it!)

And remember, leave us a star-rating and review of ANY kind here for your chance to win FREE ACCESS to our brand new online course, Start&Build! (we’d obviously prefer 5-stars, but if that’s not how you feel about us, no worries!)

Congratulations to this week’s winners: Kim Schultze and Jarryd Hennequin! Please get in touch with us at info@thepropertycouch.com.au to claim your free course!

 

Free Stuff…

 

“What’s Making Property News” Links

 


 What we Cover in Today’s Episode…

 

And of course..

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.

 

 

 

 

Episode 286 | Best Case & Worst Case For Property, PLUS what’s making Property News?

You’ve probably heard Commbank’s “warning” that property prices could drop by “a third” as a result of the unemployment levels due to COVID-19…

You’ve probably ONLY seen this scary number come out of their March Quarter 2020 Trading Update, though right?

Probably because it’s the ONLY number being reported in the headlines!!!

But what’s really interesting is there’s a whole lot of OTHER scenarios that the Commonwealth Bank of Australia also modeled… and… guess what? Yep, you’re only getting the clickbait answer!

So, in today’s Q&A, we’re going to let you in The Best & The Worst-Case scenarios, and what Commbank actually believes is most likely to happen with property prices, according todata.

After that, we’re going through a fair few questions that have also come in over the last two weeks!

Plus, Ben’s also introduced a BRAND-NEW SEGMENT — “What’s Making Property News” — and you can just imagine how excited he is, right?!

 

We tick off quite a few boxes in this episode folks, so definitely tune in if you’re keen to hear what we can likely expect between now and 2022, and also get some current property, finance, money management and COVID-19answers!

 

Free Stuff

Or fill in the form below and we’ll send you the free PDF on COVID19 Property Risk Regions:

Free resources: COVID19 Risky Regions

  • Are you also interested to have a better understanding of your cashflow position via our FREE Money SMARTS Platform?

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More Free Stuff From Ben’s Segment

 

The Questions

Question about withdrawing superannuation from Sabrina
Good evening. I really admire you both. I listen to your podcasts. I might don’t get chance to listen to every single one, but I love you guys and try to listen whenever I can. I need your advice please.

My situation is, I have some buffer savings in my offset account around $25,000 and me and my husband both have jobs in this situation. But I am working less hours because I am not sending my son to childcare. The monthly earnings will keep us going but very tight and I don’t know when I can send my son to childcare again.

So, my question is am I eligible to withdraw $10,000 superannuation? Because my hours has been reduced significantly (my company is giving me enough hours but I have elected not to work like before because of my son) so can I apply for super and what are the pros and cons if I withdraw super? I am just scared if I will run out of money and I didn’t apply for it.

 

Questions about cross-colleterialisation and accessing equity from Danielle
Hi Bryce, I have just started reading your book I bought last year “The Armchair Guide to Property Investing”. I find it quite interesting and a few similar matters are bought up like in the barefoot investor. I have read a few times not to have your loans with one bank so my first question is how do you use your equity you have with that bank to purchase another investment and get the loan with another bank? I can’t seem to find much information about it and do not understand it, but my partner has tried to do it and his broker seemed to think it was too hard, but reading it can be done? We have 6 properties between us. I have 2 and Brendon, my partner, has 4. We want to invest more — my aim was a property every two years until we reach the time, we want a new house for ourselves to live in; in the country or a shack.

My second question: I have read a lot about don’t cross-collaterise your loans. I felt like I did this and don’t see how you don’t do it if you’re using your property as security and the equity in it? Then yesterday I read an article, and it says if you have standalone loans for each property that isn’t cross collaterised — it’s only when you have all your properties and loans as one? Is this correct?

My third question is: my partner is about to pay off his first house and own it; the one we currently reside in. He wants to know, if he pays it off, does he get the deed to his house or not because he has used it as security with his other three investments?

 

Question about the planning process from Mazen
I’m up to Ep 120 of The Property Couch podcast and just read chapter 1 of your book. You have turned my mindset about property upside down, in a positive way! One thing I need to get my head around before moving on to chapter 2 is to actually try work out a monetary value of my future goals so that I can put a plan together to achieve them in the timeframe. I’m a bit unsure about where to start and what to consider when calculating how much money I will need (e.g. questions running through my mind… I want to travel “this” often and so I need “this” much money, I want to live close to the beach by “this” age so how much would I need for “this”, etc) Am I overthinking it? Thanks and look forward to hearing from you!

 

Question about LMI vs Renting from Hayley Robinson
What do you think is better? Paying LMI or rent when getting ready for buying a first home?

 

Question about Procrastination and Choosing the “right” debit/credit cars from Aaron
I’ve been trying to get all our debts/credit cards sorted before getting property investment advice, and feel like I’m just procrastinating now…

 

Question about Inflation and Passive Income Target from Grant
How much in today’s money do you need in assets to get $2k passive income?

 

And of course..

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.

 

 

 

 

UPDATE: WA Residential Rent Relief Grant Scheme

As each State Govt rushes to respond to this health crisis, we strive to update our community on the most recent changes relating to residential real estate as well. And this update is no different.

This time, we’ll be unpacking the New Residential Rent Relief Grant released by the WA Govt last week on the 23rd of April 2020! The WA State Government is making available $30 million for grants of up to $2,000 for Western Australian residential tenants who lost their jobs on or after 20 March 2020 and are facing financial hardship due to the COVID -19 pandemic.

Here to fill us in on the details is Damian Collins, President of REIWA, the Founder and Managing Director of Momentum Wealth and also the Chairman of commercial property funds management business, Mair Property Funds.

 

In this short update, we’ll be covering these questions:

  • How are WA landlords and renters affected by a moratorium on evictions?
  • If there is any Land Tax Relief for Property Owners?
  • Can rent be increased during the emergency period?
  • What is the emergency period?
  • What constitutes Financial Hardship and what documents are needed?
  • Can a renter ask to reduce their rent payments?

For more questions relating to WA Rent Relief Grant, please refer to this website: https://www.commerce.wa.gov.au/consumer-protection/residential-tenancies-covid-19-response

And of course, if you’re a tenant and are currently facing financial difficulties due to COVID-19, we strongly recommend you to check out the New Residential Rent Relief Grant by the WA Govt here to apply for the grant.

 

Free Resources

 

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.

 

 

 

Episode 283 | Buy & Hold vs Buy & Sell – which strategy works best in WA? – Chat with Damian Collins, President of REIWA

And so our theme of chatting with the Presidents of the property markets across the country continues! 

Here to tell us what’s happening in Bryce’s hometown (Perth 😉and the best strategy a property investor should adopt in WAis Damian Collins, President of REIWA – the Real Estate Institute of Western Australia! 

The last time we checked in with Damian was waaay back in Episode 73… and there’s been more than a few changes in the WA property market between then and now… plus, even more news since COVID-19 came on the scene! 

A bit about today’s guest… Damian has served on the REIWA Council since 2011 and was elected President of the Institute in 2018. He’s been an active investor for over 25 years and is ALSO the Founder and Managing Director of Momentum Wealth   a Perth-based property investment consultancy. As well as all thishes also the Chairman of commercial property funds management business, Mair Property Funds. 

We tackle the big question… Should a Buy & Hold Property Investor actually invest in Western Australia? 

This one is for our WA folks… and those interested in what’s happening on the grounds in the Perth property market 

  • Pre-COVID-19 
  • During COVID-19 
  • Post-COVID-19 

 

Free Stuff 

Free resources: ABCD during Pandemic

Fill in the form below and we'll email you the PDF right away! 😉
  • Are you also interested to have a better understanding of your cashflow position via our FREE Money SMARTS Platform?

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What we talk about in today’s episode… 

 

And of course… Additional Helpful Resources on COVID-19

National Update: Click here

State Update:

 

 

 

 

 

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