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346 | No More Properties Left To Buy: How This Couple Did It!

By in Real life stories, Summer Series

Financially Free Before 30… How!?!

Folks, in today’s episode we’re interviewing a young couple who, get this, have no more properties left to buy.

Meet Emma & Liam – D.I.Y. property investors who are “Done & Dusted” with only 2 investment properties and one family home.

Um, wait a minute…. Are you wondering, “How on earth…!?!”

Yep, we were equally blown away too.

Here’s where it gets even better – they did it with No bells, No whistles – just a couple of clever, cost-effective renovations and – the big one – they lived and breathed delayed gratification.

And now Emma & Liam and their small family is Set For Life.

… Wanna find out how these listeners did it?

Us too – strap yourselves in!

 

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“Winter Series” Line Up So Far (More To Come!)

 

Here’s What We Cover…

  • 01:13 – Meet Emma & Liam!
  • 01:47 – “Money Doesn’t Grow On Trees”, they said…
  • 05:01 – Money lessons learnt from Nintendo!
  • 08:50 – When they first started, how did they set up their bank accounts?
  • 11:23 – Have they ever BLOWN their cash!?!
  • 13:13 – Financially Free Before 30… let’s seriously unpack it!
  • 14:18 – What did they have to sacrifice to make it happen?
  • 16:39 – What do they prioritise above all else?
  • 16:57 – How much time did Emma save by using Money SMARTS?
  • 18:32 – “Experience Over Things” — Why It’s The Best Way To Live!
  • 20:30 – WHY did they want to build a property portfolio in the first place?
  • 23:30 – Meet Their Properties!
  • 25:09 – The D.I.Y Renos!
  • 27:48 – “Don’t Buy Any More Properties!” — Their reaction to being told they were DONE!
  • 32:46 – Were they tempted to keep buying property, anyway?
  • 36:31 – The Mexican Fishing Story Every Property Investor Needs To Hear!
  • 38:15 – The #1 thing you need to succeed as a property investor!
  • 41:12 – Emma & Liam’s Top Renovation Tips!!
  • 43:18 – How to cut your Renovations cost (smart!)
  • 46:11 – Are there fights in the household over money?
  • 46:19 – Why it doesn’t matter if you’re NOT debt free! (wait, what!?!)

 

 

Note: There are more real-life investor stories like this in our Previous Summer Series! Make sure you check them all out here.

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345 | COVID Crashed Their Careers – But Now They’re On Track To A Passive Income! – Chat with Tim Martin and Thomas Henry

By in Real life stories, Summer Series

When Covid hit, Tim and Thomas lost their jobs practically overnight.

At the time, they both worked in aviation – at the same airline, in fact – but all this changed for the couple when international borders went into a snap lockdown and not too long after, they were made redundant from careers they loved… and ones they imagined doing for the rest of their lives.

What happened next is – quite frankly, folks – hard to believe, and no doubt not the norm; particularly when you consider the fact that their life as they thought they knew it suddenly takes a drastic and unwanted shift.

What you’re about to get in this episode is not just a rare look inside an unshakeable mindset, but also something else entirely…

See, prior to all this, our listeners Tim Martin & Thomas Henry had been busting their guts trying to save for their first home deposit…

… and although they hadn’t saved enough just yet, with a click of someone else’s fingers, their years of hard work was immediately under threat.

Think about it for a sec – Their careers were gone. There were job losses sweeping across the globe. There was a serious virus scaring a lot of folks. EVERYTHING was uncertain…

And yet what Tim & Tom decided to do next was…

… Well, Wow.

Please just listen to this episode folks – we’ve kept it the last in Winter Series ‘cos if it ain’t a bang, we dunno what is!

Huge shout out to Tim & Tom for sharing their incredible story with us – powerful stuff, folks!

 

Free Stuff Mentioned

 

Here’s What We Cover…

  • 02:24 – Meet Tim and Thomas
  • 02:59 – What was money like for Tim growing up?
  • 05:28 – When did Tim’s parents purchase their first home? Why?
  • 07:36 – Money discussions around the dinner table for Thomas
  • 07:56 – Coming from nothing, and building your own business!
  • 10:33 – The first paychecks…
  • 13:11 – When you follow dreams that aren’t yours…
  • 16:06 – Falling headfirst into the credit trap :-/
  • 16:43 – How BIG was the credit card debt!?!
  • 18:26 – How did Tim get on top of such a large debt spiral?
  • 21:16 – The BIG Pivot…!
  • 23:33 – When a pandemic stops your entire industry!
  • 23:47 – Why was the airline life so appealing for them, anyway?
  • 26:43 – Their saving tactics for the first home deposit
  • 29:33 – How they discovered the pandemic wasn’t going anyway any time soon
  • 30:18 – The immediate pivot to casual work – How? What? Why?
  • 33:21 – How to use Action as a form of taking back control
  • 34:10 – Finding opportunity amongst the chaos
  • 25:00 – Where do they work now?
  • 35:39 – How many temporary jobs did they “go through” in 6 months?
  • 36:54 – Finding The Property Couch… 🙂
  • 38:44 – Not Cynical But Sceptical… How They Recognised The Spruikers!
  • 41:19 – The hidden benefits of REAL property investment advice
  • 42:28 – How to retire at or before 60!
  • 44:01 – The “Zero to 100” Mindset…
  • 45:08 – Okay, let’s get real – how did all this upheaval feel?
  • 47:32 – The most transformational episodes!
  • 49:26 – How much do they plan to spend on travel each year?
  • 50:38 – Why buy an investment property BEFORE a PPOR?
  • 53:49 – How many properties do they need to achieve their passive income target?

And…

  • 1:00:29 – A look back in the rear vision mirror…

 

 

Note: There are more real-life investor stories like this in our Previous Summer Series! Make sure you check them all out here.

Keen to Get Started with Money SMARTS?

Fill in the form below and create your account on our Money SMARTS Platform now!

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Episode 308 | Pain & Gain: The Wealth Effect & The Housing Affordability Debate – Chat with Eliza Owen from CoreLogic

By in Podcast

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When it comes to the current property market… WHERE is the Profit being made? And, just as importantly, WHERE are the Losses happening?

‘Cos let’s be honest folks… it’s been quite the year indeed!! But it looks like we’ve finally reached a turning point in the market…

So, here to discuss the latest housing trends and data coming out from the property market is a very, very special guest and someone who definitely knows her stuff when it comes to property, economics and a big issue almost all first homebuyers face… something called “housing affordability”!

Introducing today’s huge guest… Eliza Owen is Head of Australian Research at CoreLogic! She has a first class honours degree in economics from the University of Sydney and has been a regular economic commentator on FBI Radio and guest speaker on Triple J’s Hack, 702 ABC Radio, Sky News and TEDxSydney! Not to mention, she’s also provided comment for many media outlets including The Guardian Australia, the Australian Financial Review, Pedestrian TV, the Daily Telegraph and plenty more!

PLUS, on top of her first-class knowledge bank, guess what Eliza’s also brought with her today?!

… Nonother than CoreLogic’s most recent Pain & Gain Report – that is, the Quarterly Report that unpacks (in a whole lot of detail!) how different properties, regions and cities are performing across the country. Yep… this includes exactly WHERE the profit and loss is occurring!

So, ready to dive in?!

Listen now to get the latest insights into the Australian property market, including where there’s “Pain” and “Gain”… AND get the tour into The Wealth Effect and The Housing Affordability Debate!

 

P.S. The Pies got slammed last week. Poor Ben. (kinda)

 

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307 | The Budget Wrap And Is The Property Market Leaving Clues?

By in Podcast

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The Federal Budget has just been announced… so what does this mean for you and the property market?

Folks, in this episode we’re diving deep on the new Budget (one of the most important budgets since the Great Depression!) AND, most excitingly, something else that’s absorbing our thoughts right now…

The Property Market Is Now Leaving Clues…!

That’s right. The ducks are lining up… which means Positive News For The Property Market!

The question is… are you ready to hear if Australia’s economy is really “on the mend” and what’s coming next for the property market?!

If so, you’re about to find out!

(… What an episode!)

P.S Life Hack brought to you by our listener, Colin Lau! Send Bryce your own Life Hack here.

 

Free Stuff Mentioned…

Here’s a bit of what we cover…

  • The Budget: What’s In It For You and The Property Market
  • The Key Insights from the Big 2020 Budget
  • Why has the Treasury taken these measures?
  • When The Ducks Line Up: Why Is It “Positive News” For Property?
  • Why is the property market so resilient?
  • How much is the economy going to decline for the rest of the year?
  • When Will The Recession End?
  • Why the “Instant Asset Ride-Offs” have a ripple effect…
  • New Buying incentives Announced..
  • When will we see a vaccine for COVID-19?
  • How much will you get from the Tax Cuts?
  • Playing To Win vs Playing Not To Lose
  • How do you work out the “Fair Value” of property prices?
  • New Lending Laws – Why is it in your favour to be credible for your lending?
  • The Immigration Story…
  • “Jobs, Jobs, Jobs”… what does this even look like??
  • The 12 – 24 month outlook for property (and why it should make you smile)

 

 

 

302 | Back To The Future: Lessons From 50 Years At The Top Of His Game – Chat with Scott Keck

By in Podcast

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Want to hear from an Expert Witness who has been observing and analysing the property market for over FIFTY years? And what if they also happen to be a highly regarded industry professional who’s literally been valuing the price of property for more than five decades…?

… you’d probably get a bucket load of invaluable intel, right?

Well, let’s put it this way… the gold from today’s guest is well worth a king’s ransom! One of our favourite episodes yet – and you’re about to hear from someone who’s property knowledge is off the charts and who, let’s face it, we’ve been admiring from afar for years!

Welcome to the couch… Scott Keck!

Scott Keck is Chairman of Charter Keck Cramer, a leading Australian independent, strategic property consulting firm. Scott has more than 50 years property valuation experience within the Melbourne market, having begun with the firm in 1968, becoming a Director in 1978, Managing Director in 1984 and Chairman in 2010. He is considered one of the best and most high-profile valuer.

He is frequently engaged as a senior negotiator in complex commercial and statutory issues related to the property market and for advice in relation to large portfolio valuations for major statutory and private corporations.

And get this… in the last eight years alone he published over 500 articles on the property market!!

So, what can we ALL learn from someone who’s been in the market before we were even born???

 

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Here’s What We Cover…

(FYI: so much! This is practically a property masterclass 🙌)

  • So… what does someone who has over fifty years’ experience have to say about the property market??
  • Scott’s views on property as an investment
  • What’s changed over the decades? (Design styles, construction materials, floorplans, the use of space etc, the urban sprawl, density etc, etc)
  • What does this tell us about buyer demand?
  • Very Important Observations About Humans and Property Over 50+ Years!
  • What (if anything) has been consistent with the property market?
  • What’s the most interesting property Scott has ever had to value?
  • Post COVID-19, what does the residential property market look like?
  • What would prevent/impact this from happening?
  • Is it likely that people will want to continue living in capital cities moving forward?
  • Why will the “four pronged strategy” to get the economy moving again influence the price of property?
  • How on earth will population DOUBLE over the next 40-50 years?
  • And what will the property market look like to cater for this demand?
  • For investment purposes, how many bedrooms should a townhouse have?
  • Why do Off The Plan’s almost always outperform?
  • A deep dive into Off The Plan numbers: Why you’re in trouble before the house is even built!
  • What will the future of Melbourne look like? And will this now change with COVID-19?

 

“For every two people that come we need a new dwelling” – Scott Keck

 

 

 

 

 

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