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What’s Your Money Story Like?

We get it… Talking about money can be quite awkward. We felt it when we open up on our story in Episode 197!

But it’s good! Because then we can understand ourselves better and would be able to learn more from each other as well.

So, would you like to be on our Summer Series Podcast?

We’d love to listen to your story and your own tips and tricks in money management! And as promised, we will be very gentle. And if you have a specific question in mind, we want to hear it directly from you too!
Just fill in the form below and we’ll get in touch right away. 😉

 

  • (What would you like to be known on the podcast?)
  • A quick summary on your Money Story!
  • Don't spill all the beans! 😉

  • And finally, have you implemented the Money S.M.A.R.T.S?

 

 

 

 

 

 

 

Make Money Simple Again on Today Show!

Ben went solo on this week’s Today’s Show with Alison and Peter!

A slight bumpy start but they’ll be discussing a few tips and tricks in our new book, Make Money Simple Again and how you can save more to get into your own home sooner!
If you like this lip, here are some helpful episodes! >>

 

And there are heaps of other free resources on our website. We update them every week so make sure you check them out before you go. 🙂

Any questions or suggestions for new topics? Just send them in to info@thepropertycouch.com.au or fill in the form below and we’ll chat about it at our future Q&A episodes.

 

 

 

Episode 196 | Q & A – Negative Gearing Changes – Should I Still Invest in Property?

“Labor risks $12bn housing hit over ending negative gearing” — if you’re like us folks… this headline has us all concerned!!

And the concern didn’t stop at the headline.

As we read on, the full news article, published by The Australian on the weekend, highlighted that the $32 billion plan to end negative gearing would — quote — lead to a fall in new housing construction of up to 42,000 dwellings over five years and 32,000 fewer jobs across the country, according to independent modelling — end quote.

Yep… that’s a drop in a whole lot of new housing construction (ie. supply) AND just a-bit-more-than-a-few losses (up to 32,000) in jobs!!

Folks… this is crazy stuff.

And those stats aren’t the only ones coming out of recent independent research digging into the numbers of what’s likely to happen if negative gearing’s ditched.

So, today we’re looking at a few of the worst-case scenarios from two different reports (the links to both of these are further down in the show notes) and unpacking — with both a short term and long term view — how this change to negative gearing might affect the property market and those investing in it.

But negative gearing changes — and the possible consequences on housing prices and for first home buyers — isn’t the only question we’re answering today! We’ve got plenty of gold on how to time your exist strategy, retiring debt and the right asset to invest in!

 

Oh, and if you’d like the Geospatial Heat Notes — the heat map that shows the Compounding Annual Growth in Median Value for Houses from 1974 till the end of 2017 that is sourced from the Valuer General data —  you can get them here.

 

Back to today’s Q’s…

Question about Negative Gearing Changes from Shadi:
Hey Bryce and Ben. Thank you for all the information and for all the podcasts you provide. Apologies in advance if this question has been answered in previous episodes. I’ve been binging myself since episode 1 a few months ago, and am not quite up to date yet. I just have a question specifically about the abolishment of negative gearing and the impact it will have on first time investors. I’ve been looking to invest since listening to your podcast, and am interested to hear how this will affect my first purchase — whether or not it will just be a short term problem that effects cash flow or if it will have a long term effect, especially when entering the market.

 

Question about Your Exit Strategy from Anne-Marie:
Hi guys, this is Anne-Marie in Victoria. I’m 56 and my husband is 51. I started listening to you many years ago after we had our 7 properties. Our last property was 3 years ago. There all on fixed term interest only, which makes no offset available to them. And we’ve paid off our home, which is worth 1.1 million (1 of the 7 properties). It takes us $13,000 a year to hold all the properties, we just put our tax in, which is amazing. So property has done really well for us, and the mortgage we have on all of them is about 2.5 million, with domain value being low sitting at $3.9 mill, and high $5.2 with middle there all about 4.6 million. I want to start going into doing less hours at work — I’d like to retire on a passive income in maybe 4 years’ time. How do you transition to get the passive income we’ll need for retirement without too much of a tax liability? I paid about $10K in tax this year and I really don’t want to be paying a lot of tax while I’m getting to this point. Can you give me any pointers? And I can’t have an offset account as I said. I’d like some advice on this.

 

Question about the Right Asset for a First Home Buyer from Carrie:
I have a question about the best type of asset you should invest in. I’m looking to buy my first property, which I’ll live in initially. I have a budget of $750K. I’ve been looking at 70s and 80s free standing villa units in small blocks of 12 – 6 in Melbourne’s east. This puts me in middle ring suburbs around 20km from the city, with a land size of 350sqm. It’s a good balance between decent landmass without being out in the sticks. Alternatively, I could by a 2bdrm apt in an older, low density block — the type with only 2 or 3 stories closer to the CBD. Are either of these good investments? And which of the two is better? Or is there anything else I should look into. Love your work guys, keep bringing out those podcasts! Thank you

 

 

The Articles Ben mentions:

The Australian Article — Labor risks $12bn housing hit over ending negative gearing

Housing Industry Association (HIA) — Media Release

 

Free Chapter of Make Money Simple Again

Not sure if you’d like to grab a copy of our book yet? No worries!

Download this Free Chapter to check us out and decide for yourself if it’s worth it!

Just fill in the form below and we’ll email it to you right away. 😉

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Episode 188 | What’s Renovating got to do with Dating? Chat with Naomi Findlay

You heard that correctly, folks!

Renovating and Dating. YEP… turns out they’ve got something in common!

And to be honest — if it wasn’t for today’s guest, we probably wouldn’t have clued onto this comparison on our own. But, yep, you betcha… she’s definitely onto something!

Joining us on The Couch today is none other than Naomi Findlay, Australia’s Rapid Renovation Expert. And not only is Naomi the Principal and Founder of the International Institute of Home Staging, author of the best-selling book Ignite Your Property Mojo, but also she’s the host of digital TV Series The Reno Show and Location Lifestyle Living! PLUS (and this is where it gets even more interesting), she’s the creator of Rapid Reno Mate — the new app that’s made especially for renovators!

So, let’s just say — when it comes to renovating for profit, Naomi’s all over it.
Before we dive straight in and reveal the exact reason why renovating is just like dating…
… We’ve got some HUGE news for you!!

 

Our brand new book — Make Money Simple Again — is out THIS OCTOBER 2018!!!

>> Join The Waitlist Now (and get a surprise bonus!)

Yep, if you want to grab a copy of Make Money Simple Again before anyone else, hit up our waitlist and we’ll make sure it’s yours at the same time hits the shelves!! And, just to sweeten the deal EVEN MORE, we’re throwing in a free surprise bonus for our TPC Tribe Members who join the waitlist.

Now we’ve got other announcements as well but because we’re running out of space, we’ll do this in bullet points (who doesn’t like bullet points?!):

  • PIPA Survey is expiring tomorrow, 5 pm, Friday, 7th Sept. If you haven’t it, we’re asking you a favor. Your input makes a difference so please complete it here!
  • Don’t forget to check out our appearance on the Today Show5 Tips to Get an Investment Property. You can watch it here!
  • The Sydney Property Buyer Expo 2018 start tomorrow as well! We’ve got two jam-packed session:
    • Saturday, 10 AM – Special Length Masterclass – Ben and Bryce with Special Guest to talk about Buying your First Home / Investing in your First Property
    • Sunday, 1 PM – Ben on How to Achieve Financial Piece with 5 Properties or less!

So if you’re around town, please do come and say hi! Always love to chat with a fellow coucher and ticket’s on us too. Just click here and use this code: COUCH

That aside, let’s get back to Renovating/Dating!!

 

What’s to learn today?

 

p.s. By the way, in case you’re curious, the treehouse that Ben mentioned on the show is in Crossville, Tennessee, United States!

p.p.s. Don’t forget to join our Waitlist for the upcoming book!! >> Join The Waitlist Now (and get a surprise bonus!)

 

 

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