X

Episode 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

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

 

Episode 145 | 8 Reasons Why Vendors Sell Before Auction

Now… it’s Framework Time!! The last framework that we’ve unpacked was Episode 137 on Tips for Buying in Spring so we think we are a little overdue for another one.

The topic that we’ll be chatting about today doesn’t happen all the time, of course, but it does happen: Vendors sell BEFORE they go to auction.

Have you ever wondered why??

Today, we’re exploring some of the main reasons explaining an early sell in this situation. Because if you’re selling (side note: hopefully you’ve received professional advice about this), it pays to know which tactics could be lurking around the corner for you. Of course, if you’re interested in buying property, it saves to know how to negotiate a win before the bidding has had a chance to begin!

 

So, is selling before auction as clear-cut as we might think?

Yep, today we’re digging into the heart of it:

 

P.S. Folks, we’re doing Movember this month! If you would like to support the cause that helps tackle the serious issues affecting men’s health, feel free to donate here. (Bucket loads of good karma awaits you.)

P.S.S. Want more info on PICA? Head to www.pica.asn.au

 

 

Episode 134 | From The Screaming Jets to Rock-tioneer! How this 90’s Music Icon went from Playing the Drums to Building a Property Portfolio – Chat with Craig “Rosie” Rosevear

Alright folks: what does the drummer from The Screaming Jets and property investment have in common?

Craig “Rosie” Rosevear!

That’s right—on The Couch today, the man behind the drums of one of Australia’ legendary bands explains how he used his royalties to break into the property market and transformed his touring days into a growing property portfolio and now, a charismatic, auctioning career! Yep. Aside from being the Founder of Rock Your Future and the owner of Rosie’s School of Rock—where he and his wife, Belinda, motivate and educate young people to be confident in both music and life—Craig is also an auctioneer at Cooley Auctions, winner of the Newcastle Heat of the Real Estate Institute of NSW Auctioneering Competition and a property investor with a knack for DIY renovating!

 

No stranger to hard work, Craig explains:

  • Firstly, what life is really like as a rock star!
  • How invaluable a good work ethic is, and how he managed to maintain it, despite fame and, well, being a rock star
  • Why he used his royalties to buy his first investment property
  • What he discovered about investing with equity that changed his way of thinking
  • How he became a borderless investor in Melbourne, Brisbane and Sydney
  • Ways to get around Sydney’s Housing Affordability
  • First Home Buyer mistakes and DIY renovation tips
  • How he got into auctioneering (it has something to do with Episode 121 with Damien Cooley)
  • The similarities between being a rock star & an auctioneer (“Rocktioneer”)
  • Investing in Newcastle, NSW
  • Things buyers should do at an auction
  • Business acumen tips from rock band KISS (!)

 

And (we had to ask), what is Craig’s “go to” rock star story? The unexpected, sneak peek into what Muso life was like …

He tells us right at the end—of course he did.

What an absolute pleasure!

 

 

Episode 128 | How a Country Boy Went From a Butcher to Property Success – Chat with Duncan McPherson, Director of Nelson Alexander

That’s right guys. Duncan McPherson, Director at Nelson Alexander (also a successful property consultant, auctioneer, founder of Nelson Alexander Charitable Foundation and a property investor himself) started his roots in a small country town as, well, a butcher. Yep—his story is absolutely a white-butcher’s-coat to wealth-building-creation!

Duncan is a family man, centred on honest and committed customer service, who has built his riches on sharing what he knows and paying it forward, giving almost $2.5 million dollars to local charities in the process.

On the couch to share his wisdom, humbleness and good humour with the boys, Duncan explains:

  • How he came to Melbourne as a butcher and ended up as highly-successful real estate figure
  • Why one man in a black BMW, a shiny suit and a bad attitude was likely the catalysis for his career change
  • How Nelson Alexander, since 1971, has transformed the face of real estate services, especially in the Northern suburbs
  • How he approaches property investment with 20+ years’ experience
  • What are his criteria for a successful asset selection?
  • Which one is a “better” investment: a house or a townhouse?
  • What “buying land and airspace” means and how you can value from it
  • What is “The Beef Wellington” to add value to your property?
  • What to look for in a quality real estate agent and how to outsmart them
  • How many off-market properties exist without you even knowing they’re For Sale? (Hint: it’s more than you think!)
  • The inevitability of housing affordability—has it always been tough breaking into the market?
  • When will he consider buying a property with someone else?
  • What he looks for in an investment property and what always impresses him
  • The mentors who have changed and continue to change his life.

 

We really, really think you’ll benefit from this one guys. It’s one thing to hear tips from the best in the business; but another thing entirely to hear it from someone who made it there from the humblest of beginnings!

 

PS: Hear your own voice on the podcast by dropping us a Voicemail! Simply click on the long orange button on the right-hand-side of your screen J

LocationScore: You can access it here. (And don’t forget to use this code: TPC20. Valid till 19th August 2017)

 

Episode 121 (Part 2) | Does The Guy With The Most Money Always Win At Auction? – Chat with Damien Cooley

Part two with Damien Cooley, Australia’s most respected auctioneers and the face of Cooley Auctions, On top of his Australian record—see part 1— he has an uncountable number of industry trophies tucked under that orange tie—winning the 2015 & 2013 Auctioneer of the Year at the Real Estate Business Awards for example—and has performed auctions on other reality TV series, including The Renovators, Under The Hammer, Hot Auctions and Selling Houses Australia.

Oh, and you might have heard this in Part One that just two years ago, Cooley Auctions delivered up to 6000 auctions in the same year. So Damien definitely knows his stuff.

What are you waiting for? Get the insider’s guide to:

  • Which avoidable mistakes buyers make
  • How to win at auction, just by observing the mood of buyers
  • Which bidding tactics work and which ones absolutely don’t
  • What the Five Second Rule is
  • What a Flexible Buyers Strategy looks like
  • How the auction process differs between Victoria and NSW

and

  • Is there a shift in buyers’ sentiment in Sydney’s property market?

 

If you like this podcast: “Does The Guy With The Most Money Always Win At Auction? – Chat with Damien Cooley”, don’t forget to rate us on our iTunes channel (The Property Couch Podcast) and our Facebook page. If you have any questions or ideas, feel free to drop us your thoughts here: http://tpcaustralia.wpengine.com/topics/

Instagram

Free Resources

What to be notified when there are
new updates & free resources?

  • This field is for validation purposes and should be left unchanged.

×

MONEY SMARTS SYSTEM

Plus We Will Also Notify You When We Release New Episodes

  • This field is for validation purposes and should be left unchanged.

We Only Send You Awesome Stuff

×

SUGGEST A GUEST!

We Only Send You Awesome Stuff

×