Apartment Archives - Page 7 of 9

129 | Robots in Real Estate: Friend or Foe? – Chat with Nigel Dalton, Chief Inventor at REA Group

By The Property Couch August 10, 2017 in Podcast

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Disclaimer: This is Beyond Mind-blowing. 😉

Think technology. Think crazy. Think sci-fi films, actually. Yep. This podcast is futuristic—except, all this crazy tech stuff is happening in a future arriving sooner than you think (we were shocked too when we found out)!

To tell us all about it (and to bewilder us), Nigel Dalton—one with the coolest title going around—Chief Inventor at realestate.com.au (REA)—literally awes the couch. With 25+ years’ experience in IT, Nigel co-founded Luna Tractor, which is responsible for discovering the crème de la crème in the digital space and bringing these phenomenal developments to the Australian property market.

You will laugh as Bryce and Ben turn The Property Couch into a virtual 3D house inspection, looking seriously ridiculous in “extended reality” headsets!

This mind-blowing podcast includes:

How the property industry will benefit from robots, drones, avatars and reality-altering headwear
Is technology a friend or your foe?
The “human” side of technology and whether or not you’ll lose your job to a robot (seriously)
The social implications of technology and the boundaries that shouldn’t be pushed
Where big data are being collected, how it’s analysed and when will it start changing our day-to-day tasks
How technology will potentially outsmart a lazy real estate agent
The trends happening in property, asset selection and the beginnings of a massive change in the industry
How many years (!) it will take until we live and work in a virtual reality (prepare yourself)
Trialing the Microsoft HoloLens … and why the groundbreaking “virtual reality” headwear will be the next hit
How to “air tap” or simply look at a wall to enter a house (we’re not kidding)
The global competition in real estate and the digital space
How to “dream build”
BREAKING NEWS: Will iPhone’s Suri will be able pick your investment property for you!

In Nigel’s own words, it’s:

“The cutting edge in what’s crazy.”

Do yourselves a favour, guys. This one is next-level.

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

By The Property Couch August 8, 2017 in Podcast, Real Estate Agent

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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)

127 | What’s Happening In The Property Market? – Chat with Nerida Conisbee, Chief Economist at REA Group

By The Property Couch August 3, 2017 in Podcast

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Happy AWE-GUEST! Yep, the month of “Awe-guest” — it’s a little bit witty isn’t it 🙂 — means only awesome things because we are releasing 2 EPISODES A WEEK WITH THE MOST AWESOME GUESTS for the entire month!

To kick start Awe-guest, we are stoked to announce Nerida Conisbee, Chief Economist at REA Group is here for the second time — you can listen to her first episode on which market to invest in 2017 here. With more than 20 years’ experience in property research throughout Asia Pacific, Nerida is THE professional to talk to when it comes to the economy and market conditions!

Sharing what she knows best with Bryce and Ben, Nerida and the boys cover:

How the cyclical conditions in Tasmania will effect property investors
What the changes are to foreign investment and how the effect our economy and your investing
How the USA’s economic growth is affecting the current Australian dollar on the Trade Weighted Index
Where Chinese buyers are choosing to invest and how it’s affecting the Sydney boom
What other long term affordability solutions out there
Whether or not rates will increase for homebuyers
What the banks will do if (when) the interest rate on mortgage loans increases
How interest rates and unemployment levels correlate with demand in a market
How to look at investment in Brisbane and the gentrification in Adelaide
What the “expectation problem” in Melbourne is and how to use it to your advantage
How to break into the market without huge levels of debt
What’s the current outlook is for Perth, Adelaide, Canberra and Darwin markets

Remember: We have a NEW Voicemail widget (the microphone on the right side of your screen) so you can leave us a recorded message that we will play on our Q&A! It’s a happy Awe-guest indeed!

And here’s the link to all the resources mentioned in today’s show:

CoreLogic’s latest report on Capital Gains Trend – Read here
Bryce’s appearance on ABC 7.30 on Housing Affordability (21-minute mark) – Watch here
The Code of The Extraordinary Mind by Vishen Lakhiani – Find out more
The 5C’s Lenders look at to Approve your Loan – Watch here

If you like this podcast: “What’s Happening In The Property Market with Nerida Connisbee, Chief Economist at REA Group”, 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: New Topics

Bonusisode – A Boxing Day Chat Between The Property Couch and Smart Property Investment Show

By The Property Couch December 26, 2016 in Podcast

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SURPRISE! On this Boxing Day, we are having a joint podcast with Phil Tarrant from Smart Property Investment Show! Phil joined us back in Episode 52 talking about his journey as a property investor but in this Bonusisode (Bonus Episode), the focus will be on investing in property in 2017! Ben and Phil will be chatting about:

The health of the Australian Property Market in 2017
Understanding the different market cycles and how economic activities and infrastructure development may change the market’s trajection
How to filter out all the noise regarding property investing and look at hard facts when making an investment decision
The prospects and returns from investing in apartments and city fringe location
What are their thoughts on the lenders’ out-of-cycle rate rise
What are the criteria lenders are looking for in an ideal borrower
The importance of borderless investing and buying counter cyclical when building out your portfolio

If you like this podcast: “Bonusisode – A Boxing Day Chat Between The Property Couch and Smart Property Investment Show”, 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/.

095 | Q&A – Investing in a Financial Planner, Upgrading your PPOR, Loan Strategy to Build your Portfolio and more

By The Property Couch December 22, 2016 in Podcast

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As Christmas is a time for giving, we thought today’s special Christmas episode should be none other than a Q&A session! Topics covered today include debt-retirement and refinancing loans, how to go about upgrading your PPOR (Principle Place of Residence), whether it’s worth paying for a financial planner and more. (And click here for your free The Property Couch Christmas Pack!) Today’s questions are from the following listeners:

Chris on debt-retirement and refinancing loans: Hi there, was hoping you could ‘unpack’ the ‘reality of’ the following finance-related scenario for me. I understand there is an “accumulation phase” where the investor actively accumulates as many quality, appreciating assets as required/wanted before transitioning to a “debt-reduction” or debt-retirement phase in the property investment journey. I was hoping you could spend some time describing what this debt-retirement phase actually looks like, assuming the investor has between 3-5 investment properties all on interest-only terms.

Changing all of these to principal & interest at the same time would probably be too strenuous on the budget, so is it a case of paying off the largest investment loan on principal & interest terms while refinancing the remaining loans as interest-only for another 3-5 years and start knocking off the balance of the largest loan? Or is it a case of building up the offset account of each loan evenly so that you end up paying less interest across all of the loans until you are in a position to pay the loan back in full?

But in this scenario the banks will eventually put you on a principal & interest payment unless you refinance again to an interest only loan, so how do you juggle at least 5 investment loans potentially all coming off their interest-only terms within 12-18 months of each other, while you’re trying to retire the debt without blowing the family budget? ($150+ principal payment across 5 loans = $750 a week which would destroy most family budgets).

Is it a case of focusing on one property at a time until the rent covers the principal + interest payments, before moving onto the next property or is it a case of continually refinancing to interest-only loans and building up the offset accounts? Is it better to focus on the largest loan first or distribute funds evenly across all loans? How do you actually go about entering the ‘debt-retirement’ phase on a portfolio of 5 investment properties (assuming all currently interest-only repayments with separate offset accounts but the interest-only period is expiring for all 5 loans over the next couple of years). This does not take into account the PPOR but we can ignore that part of the equation for the above scenario.

Bill on upgrading PPOR: My question is…I have paid off PPOR (home loan account closed) and would like to upgrade PPOR. What advice/suggestions do you have regarding using ex-PPOR as investment or sell off ex-PPOR to pay down new PPOR debt and then buying an investment property?

Anonymous on investing in a Financial Planner: G’day, I have a question that I think a lot of listeners would relate to and something you guys have not covered thus far.Firstly about me. I am 32 and have recently developed a passion to enhance my knowledge of residential property investment. I am in the Army and have a young family on my income alone. I earn 106k per annum gross. I bought my PPR in 2012 in Sydney which is valued at circa $8800k currently. Since I started my learning, using you guys as my guides, I have done the following.
- Analysed our cash flows for a month to understand where our money is going.
- Gotten rid of all non-deductible debt i.e. credit cards, pers loans etc.
- Bought our first investment. A two Bedroom apartment near Penrith. It’s walking distance to the station and five minutes from the train station, Nepean hospital and UWS. I also rolled our car loans into the investment. The place is currently leased with a 4.2 % yield.
- Manage our money to allocate spendings for myself and my wife similar to your model you advise with regards to offset and spendings accounts.

I also have a broker and accountant and also use a buyer agent. So my question:
I recently sought advice from a financial planner. After an interview, he sent me a proposal and plan which also outlines his fees. His fees were $500 per month with monthly payments that would be ongoing for a period of a few years. If cash flow management is essential and using surplus cash flows to reinvest is a key step, then how is 500 per month going out enabling this? Isn’t this counter to one of your pillars of mastery? If I had a large income and a large portfolio, then this would be manageable. But I don’t. Are all financial planners this expensive? I can see the value of buyers agent’s fees but I can’t see the value in planners for myself.

Andrew on when would be the best time to invest in property: I’m 26, my wife is 25 (DINKS), we live in Brisbane and our combined income is $150k. We’ve almost finished paying off our wedding (ouch) but are now planning for the future and want to get ahead before kids come along. We don’t own a house (currently renting), however we’re strong savers and would be in a position to buy in approximately 12 months. The issue is, our plan is to move to Adelaide in 2018 to allow my wife to study Dental Hygiene (limited college options in Qld). Would we be best to buy a house/IP right before we move to SA and rentvest? (and drop to a single income of $100k), or wait until she graduates (2 year degree) and look to invest then? Neither of us want to sit still for 2 years, but we’re reluctant to buy right before dropping to a single income.

Julia on Buying a home: I have only recently discovered your podcast and it’s awesome. Thanks so much for sharing your knowledge. I know your advice is ‘location first’ – I’m torn between two properties. A run down 1970s one bed room unit in Neutral Bay (ground floor) vs 10 year old amazing one bed room unit in Marrickville (top floor). Both similar price with similar strata. Neutral bay property needs everything renovated but has structural limitations. Marrickville unit has an amazing balcony that has a green leafy view and makes you feel like you’re at a holiday resort. I know Neutral Bay is blue chip suburb but would you consider Marrickville as a suburb with a potential high growth over next 5 years? This is my first property and I’m planning to live there for next 2 years then potentially rent it out. Any advice?

If you like this Q&A episode (Investing in a Financial Planner, Upgrading your PPOR, Loan Strategy to Build your Portfolio and more ), don’t forget to rate us on our iTunes channel (The Property Couch Podcast) and our Facebook page. Any questions or ideas? Feel free to drop us your thoughts here: http://tpcaustralia.wpengine.com/topics/

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