Folks, we don’t usually focus on just ONE state, but considering it makes up 33% of Australia, we thought we’d make an exception… 😉   

Yep. If you haven’t guessed yet, this episode is all about investing for the long term in Perth, Western Australia. (aka. Bryce’s hometown!)   

And who better to help us unpack the WA Market than one of the state’s OGs (and returning Property Couch guest) Damian Collins, Founder and Managing Director of Momentum Wealth!  

He’s also the Chairman of Westbridge Funds Management, has been on the Council of the Real Estate Institute of Western Australia (REIWA) since 2011 and served as President of the Institute from 2018 to 2022 (phew!)   

An active property investor himself, Damian also owns 17 properties in Western Australia!!  

Basically…he’s the property guru to talk to when talking all things west coast, and since our last catch-up, the market’s changed A LOT. 

We’re covering whether Perth is no longer just “a one-trick pony” (aka. A boom-or-bust mining town) and honestly… 

Why we think it’s about to boom!!  

Yep. You heard it here first folks. 😉 From the construction challenges WA has been facing to why “regression to the mean” should mean something to you, we’re giving you an updated and in-depth guide to investing in WA.  

Plus, tune in to hear Damian’s money backstory, the one passion that set him on his current trajectory today and how he kept his cool during COVID and rising interest rates.  

Tune in now!  

 

Free Stuff Mentioned… 

• Want to know your WealthSPEED? Check out Moorr’s web platform, or download the app on Apple and Android now! (P.s. Thank you to all of those folks who’ve left us glowing reviews!)  
• Ben’s hosting a PICA Webinar on the 21st Feb! Join Ben as he covers the Latest Property Market Update & Debunks Labor’s Negative Gearing & Capital Gains Tax Policies. For PICA Members only, sign up here >>  
• Read about Sydney’s smallest house selling sold for $1.5M here >> 
• Check out Damian’s previous episodes here: 
  • Episode 73 | Building a property portfolio in a tough market – Chat with Damian Collins 
  • Episode 283 | Buy & Hold vs Buy & Sell – which strategy works best in WA? – Chat with Damian Collins, President of REIWA 

 

Want to work with Bryce & Ben’s Award-Winning Team? 

• a roadmap to $2k per week passive income? >> Start a conversation with our Qualified Property Investment Advisors…  
• buying an investment-grade property in an investment-grade suburb? >> Start a conversation with our independent and experienced Buyers Agents… 
• set up or review of your borrowing strategy? >> Start a conversation with our Investment Savvy Mortgage Brokers… 
• your defence implementation? >> Start a conversation with our Financial Planners… 
• maximising your tax refund? >> Start a conversation with our Investment Savvy Tax Accountants… 

 

Here’s some of the gold we cover… 

• 0:00 – We’ve landed a (returning) big fish today folks! 
• 1:58 – Massive Resources Incoming: FB Lives, a future Moorr video & a PICA Webinar?!  
• 7:37 – Mindset Minute: Success is hard because it requires…  
• 9:10 – Re-introducing return guest, Damian Collins!  
• 11:41 – Damian’s Money Story: Chickens, a recession and his inspiration to invest early 
• 16:57 – This passion set Damian on this current trajectory…  
• 19:12 – “Fortune favours the brave”: How Damian made his first investment 
• 21:22 – From building his portfolio to starting Momentum Wealth  
• 26:14 – Damian’s sentiment toward rising interest rates  
• 29:29 – Was he tempted to sell a property during COVID!??  
• 31:59 – The psychology trap many investors fall into during market cycles  
• 35:57 – Why Perth’s prices are sitting where they are!  
• 42:01 – Should Perth still be seen as just a mining town? 
• 46:20 – If you’re in this position, Damian recommends investing in Perth… 
• 48:30 – Regression to the mean: Why it should mean something to you!  
• 49:43 – Why should you be investing in Perth today?  
• 53:10 – The Critical Construction Industry Challenge  
• 54:06 – Psst…Astute or borderless investors, listen to this part 😉  
• 56:45 – Investing in Commercial property (+ Damian’s solution to remove barriers of entry for everyday folk)  
• 1:01:04 – The class Damian likes to invest heavily in…  

And… 

• 1:04:55 – Wow! What an inspiration to investors!   
• 1:08:15 – We do get this kinda feedback….  
• 1:08:54 – Made a typo? Did you know you can now edit your texts 😮  
• 1:09:55 – Sydney’s smallest house has just sold for $1.5M?!?  

 

Check out our newest financial features the WealthCLOCK, WealthSPEED & WealthTRACKER on the Moorr web platform, or download the app on Apple and Android.