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470 | What Money Means to YOU!

By in Podcast, Property Investment

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Folks, as the LAST episode for 2023 before we kick off our inspiring 2023/24 Summer Series, we’re focusing on a question that looks at the heart of what we do (and not just as a podcast but through our advisory business):  

What Does Money Mean to YOU!?  

To properly dig into this question, we’re unpacking the psyche of the investor through one of America’s greatest psychologists and combining it with data from THOUSANDS of respondents to explore…  

👉 The #2 biggest reasons that investors seek money (+ why they’re critical to our overall wellbeing)

👉 54 of the most common reasons people want to build their wealth

👉 How an individual’s financial freedom fits into Maslow’s Hierarchy of Needs

👉 How Time Wealth drastically improves your life

👉 The #1 thing that will ALWAYS lead to financial stress

👉 What does financial independence really look like?

👉 If you don’t know your cashflow, you risk… 

 Plus tons more gold! As rates and cost of living continue to rise, this super topical episode will help you remember – and solidify – your why. Listen in now!  

Free Stuff Mentioned

  • We’ve supercharged Moorr’s engine room! Check out the newest MyFinancial feature to help you track and manage those rising costs now >>  
  • See Maslow’s Hierarchy of Needs below
  • Check out Victoria’s reducing rental prices from Ben’s “What’s Making Property News” Segment below (Another CLASSIC example of what happens when investors are treated like second-half citizens 🙁)
     

Timestamps

  • 0:00 – What Money Means to YOU!  
  • 2:50 – We’ve added a new feature to Moorr’s financial engine room!  
  • 12:30 – Mindset Minute: Where are the Client’s Yachts? 
  • 17:03 – We use THIS planning exercise to understand success  
  • 20:31 – Maslow’s Hierarchy of Needs & the Top 10 Reasons We Hear!
  • 26:17 – Reason 1: S_c_ _it_ – Why does it matter?  
  • 31:31 – Reason 2: F_ _ed_m  
  • 37:55 – You will ALWAYS be stressed if you do this… 
  • 39:18 – Safety Nets, Opportunities & Options!  
  • 43:24 – The complete compilation of reasons what investors want from money!  
  • 45:12 – A trusted advisor should actually be pulling you up on these things… 
  • 48:51 – If you don’t know your cash flow, how will you know… 
  • 50:52 – What the data reflects about the investor’s mindset  
  • 54:08 – THIS is the best financial asset you can have  
  • 56:51 – These 2 reasons ranked surprisingly low😮  
  • 57:29 – Bryce & Ben were surprised by these findings!  
  • 1:01:24 – Summer Series starts NEXT WEEK!  

And… 

  • 1:03:18 – Lifehack: Why do some people succeed more? 
  • 1:07:57 – WMPN: Victoria’s rental numbers are going backwards…  

469 | How Auctions Really Work: The Hybrids, Negotiations & Courageously Uncomfortable Reserve Prices – Chat with Justin Nickerson

By in Podcast, Property Investment

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What are the best auction strategies for buyers when the hammer drops?   

Why should buyers use “Courageously Uncomfortable” reserve prices?  

And who do auctioneers really work for??  

 

Folks, these are just a few of the big questions we’re tackling today in an episode that’s all about the art of auctioning in Australia.  

Here to shed expert intel into this world is Justin Nickerson, Director of Apollo Auctions, the largest auctioneering business in Australasia, and the only Australian to win the Australasian Auctioneer of the Year 3 times in the award’s history.  

Justin is also the 5-time winner of the REIQ Auctioneer of the Year award, again being the only auctioneer in the state to achieve this distinction.   

Today, he’ll be using his knowledge earned at the coalface of auctions in Queensland (aka. some of the most challenging auctions) to share secret Buyers’ strategies that win from bidding quickly to keeping the pressure on to why online bidding might just work for you.  

He’ll give us a rare look into the Buyers experience of winning auctions, the crucial skills needed for those wanting to become an Auctioneer PLUS his craziest auction which saw 24.8M under the hammer 😮  

Yep, we know we blew this episode over our 1-hour mark, but BOY is it jam-packed with so many nuggets of wisdom. Seriously folks, tune in now!  

 

Free Stuff Mentioned

 

Timestamps

  • 0:00 – How Auctions Really Work: The Hybrids, Negotiations & Courageously Uncomfortable Reserve Prices 
  • 3:04 – Mindset Minute: Things don’t just happen, they happen just. 
  • 6:03 – Welcome Justin!  
  • 7:31 – Money Backstory: How he learned the power of compounding!  
  • 12:34 – The pivot into property 😊  
  • 17:13 – Should property be part of your wealth creation vehicle?  
  • 20:30 – From AFL to Auctions?!   
  • 25:38 – So you want to be an Auctioneer? These are the skills you need! 
  • 31:43 – Who do Auctioneers work for?  
  • 35:57 – Justin’s 2 fundamental beliefs & do Hybrid Auctions work?   
  • 38:22 – 15 Auctions in 1 day?! The Logistics behind Auctions 
  • 42:03 – Reserve Prices: Why you should be working with “Courageously Uncomfortable” Prices!  
  • 44:26 – Building trust during the auction 
  • 46:52 – Justin’s Top Bidding Strategies to Win  
  • 50:22 – Why bidding quickly works  
  • 53:08 – You should be watching the Buyers! Here’s why.  
  • 55:15 – $24.8M Under the Hammer?!  
  • 59:10 – What’s it like working in Prestigious Auctions?  
  • 1:02:00 – The Artform of Passing In at Auctions  
  • 1:04:49 – Online Bidding: “It’s all about choice.”  
  • 1:08:12 – Let’s Role Play: What would Justin do as a Buyer to secure a win  
  • 1:15:10 – Keeping an Open Mind  
  • 1:18: 24 – Thank you Justin! What an eye-opening episode 😊  

And… 

  • 1:22:04 – Lifehack: How to take notes for podcasts…  
  • 1:25:28 – WMPN: What’s really happening with Auction clearance rates??  

 

468 | Why Don’t We Start with Property First and the Hidden Power of Building a Moat

By in Podcast, Property Investment

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In this week’s episode, we’re back with our final Throwback Thursday episode focusing on our last. three foundational pillars from our Four Pillars of Property Investing Mastery!  

Folks, these pillars are absolutely critical for anyone wanting to build a stable property portfolio which is why we’re revisiting and unpacking these concepts with today’s market conditions.  

From APRA’s 3% buffer rate to rising interest rates and its impact on Asset Selection, we’ll be tying together our cornerstone principles from 2015 with our top strategies to hold and afford new properties today. 

We’ll be covering… 

⚡ Ep 4. Borrowing Power: How to smash glass ceilings, why finance is like a game of chess and the top #3 solutions to maximise your leverage 😊   

🔬 Ep 5. Asset Selection: Why we don’t start with property first, the telescope vs microscope view and applying the Buyers Decision Quadrant today.  

🛡️ Ep 6. Defence: The most important asset, why you need to build a moat and the critical elements of defence 

A topical episode that ties into our evergreen investing strategies, tune in now!  

 

Free Stuff Mentioned

  • Get your hands on our free Binge Guide! This contains the First 20 Episodes – which are our foundational episodes – of The Property Couch. Get it here >>  
  • Read the article from Ben’s “What’s Making Property News?” here >>  

 

Timestamps

  • 0:00 – Why Don’t We Start with Property First and the Hidden Power of Building a Moat 
  • 1:30 – Some invaluable feedback (Thank you Francis!)  
  • 3:39  – Mindset Minute: “Imagine playing Monopoly and Never Buying Any Assets or Investments…” 
  • 6:08 – Ep 4: Borrowing Power 
  • 7:13 – Do THIS if you feel you’re paying too much interest 
  • 11:40 – Beware! Leverage can cause glass ceilings  
  • 12:26 – The top #2 rookie mistakes property investors make  
  • 15:16 – Why is finance like a chess game?  
  • 18:10 – The critical link with Cashflow Management  
  • 20:07 – The #3 Solution Tiers: Tailoring vs. Off the Shelf  
  • 23:10 – 200+ years of experience?!  
  • 25:20 – Ep 5: Asset Selection  
  • 26:36 – The Veblen (aka. The Envy) Effect & Human Behaviour 
  • 30:48 – Telescope vs. Microscope View 🔭 
  • 31:56 – The Buyers Decision Quadrant  
  • 41:04 – Our evergreen quotes…  
  • 41:44 – Ep 6: Defence 
  • 42:18 – THIS is the most important asset to an investor  
  • 44:58 – The #3 essential components of defence  
  • 50:08 – Folks, this is about building a stable stool!  

And… 

  • 55:13 – Lifehack: We should all live life by our Ikigai 
  • 58:11 – WMPN: A 650% increase on Brisbane Landlords?!  

 

467 | Back To The Future: Are Our 2015 Investing Strategies Still Relevant Today?

By in Podcast, Property Investment

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Folks, it’s time to strap your seatbelts in and tighten your property investing hats because in today’s episode, we’re doing our own Back to the Future with our first-ever Throwback Thursday!! 🔮

We’re revisiting our best property investing strategies and theories from aaallll the way back in 2015 and asking… 

Are they still relevant today?!?  

We’ll be unpacking (Yep, that’s still a favourite word of ours today 😉):  

🛠️ Ep 1. We Fix Bad Property Investment Advice: The two most common regrets we hear and our cornerstone “Barber Analogy”: Is it still applicable or has it become obsolete?!  

🚀 Ep 2. Regulation vs. Education: How has income vs. Property prices changed? And what makes inner land value 3x higher than land further out? 

🏠 Ep 3. The 4 Pillars of Mastery: Do we still use the same process to set investors up for success? And why is MoneySMARTS still extremely relevant today?!  

To hear all of this, plus some of our favourite quotes of all time from these episodes, tune into our first Throwback Thursday now!!  

 

Free Stuff Mentioned

  • We’ve got ONE last spot on our 2024 Summer Series. Share your story with us today! >>  
  • Check out Binge Guide featuring the first 20 episodes here >>  
  • See the graphs from Ben’s What’s Making Property News! Below:  

 

Timestamps

  • 0:00 – Back To The Future: Are Our 2015 Investing Strategies Still Relevant Today?    
  • 2:15 – We’ve got one spot left on our Summer Series!  
  • 3:03 – Mindset Minute: Where the pursuit of Mastery lives…  
  • 7:26 – It’s Throwback Thursday!  
  • 8:55 – Ep 1. We Fix Bad Property Investment Advice  
  • 9:26 – 💈 The Barbershop Analogy 💈 
  • 15:29 – The 2 most common regrets 
  • 16:33 – Is it still relevant today?!?  
  • 19:12 – The Enthusiastic Amateur  
  • 22:40 – “You can get everything you want in life, if you just…”  
  • 26:14 – Ep 2. Regulation vs. Education  
  • 29:09 – These fundamental rules have not changed folks… 
  • 35:58 – The top #3 evergreen quotes 
  • 36:57 – Is buying counter cyclical still a good idea?  
  • 38:21 – What makes this land value three times higher than other land?  
  • 41:36 – Income vs. Property Prices: What’s changed?  
  • 45:55 – We always start with THIS when building our investing strategies… 
  • 47:51 – Ep 3.The 4 Pillars of Mastery  
  • 48:56 – How we set up investors for success  
  • 52:12 – Debt Servicing Debt: Did this theory work?  
  • 54:19 – This is what drove MoneySMARTS… 
  • 58:47 – Our favourite quotes  
  • 59:42 – A moment for Ben 🤗 
  • 1:02:32 – Check out our free Binge Guide! >>  
  • 1:03:09 – Here’s to the Stig ❤️  

And… 

  • 1:04:32 – Lifehack: Table tennis on the dinner table?!  
  • 1:07:27 – WMPN: Why People Invest in Property!  

 

466 | Like a Snake swallowing a Goat: Why interest rates aren’t controlling inflation – Chat with Nerida Conisbee

By in Podcast, Property Investment

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With today’s geopolitical tensions and growing inflation uncertainty, how is Australia’s commercial, construction and property sectors faring?

Plus, what can we expect from next week’s cash rate decision and why has this instrument been so ineffective in stopping inflation?!

Their big questions folks and luckily, here to help us unpack them is Nerida Conisbee, our good friend and Chief Economist at Ray White!

Nerida is a leading property expert who sits as the Chair of the Construction Forecasting Council and is a member of the Australian Taxation Office’s Foreign Investment Stakeholder Group.

As someone who provides regular updates on property market conditions to major Government bodies, Nerida will share her fantastic insights and help us to unpack…

 

👉 Why Australia needs to embrace density!
👉 Why has the Cash Rate been ineffective in dealing with inflation?
👉 How can tax concessions solve our housing supply problems?
👉 Are office assets no longer a safe class?!
👉 The commercial sector’s newest focus
👉 The property class that’s become most listed on Ray White, and
👉 A breakdown of CoreLogic’s November report!

Another timely and insightful property and economic update from Nerida, tune in now folks!

 

Free Stuff Mentioned

  • Check our Nerida’s previous episodes here >> (Tune in to 7:36 of Ep 358 to hear her Money Backstory!)
  • Read CoreLogic’s November Report here >>
  • Read PIPA’s 2023 Sentiment Survey (from What’s Making Property News!) here >>

 

Timestamps

  • 0:00 – Like a Snake swallowing a Goat: Why interest rates aren’t controlling inflation
  • 3:45 – Mindset Minute: If you squeeze an orange…
  • 6:34 – Welcome back Nerida!
  • 8:29 – The ACIF & Australia’s construction industry
  • 12:35 – How does industry impact Government Bodies?
  • 15:48 – Inflation uncertainty + Cash Rate predictions!
  • 19:50 – How can we get rid of NIBYSM with our spending?
  • 22:44 – Why the Cash Rate has been ineffective with controlling inflation
  • 25:50 – The Biggest Headwinds in Housing
  • 29:39 – CoreLogic’s November Report: The strongest market in Australia, price growth, and more…
  • 33:01 – Why we need to embrace density!
  • 36:34 – Using tax concessions to solve short-term housing supply…
  • 42:26 – The newest focus of the commercial sector!
  • 45:13 – These properties have seen the greatest changes in listings
  • 50:20 – Wow! Thank you Nerida 😊

And…

  • 52:07 – Lifehack: The Secret Behind Long Life
  • 56:50 – WMPN: What are investors looking to get out of property?

 

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