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CASE STUDY: How to Break into the Property Market?

Folks, the last time we unpacked a case study on the podcast was back in Episode 64 on 19th of May 2016. (WHAT?!!!)

So… you can imagine how excited we were with this case study, can’t you?

The answer is…  VERY!!!

 

We’ve been planning for this case study for weeks (whilst recording for the Summer Series too in fact) and there’s just so many moving parts when it comes to the variables and cashflow modelling. It’s simply not possible to explain it in an audio environment.

So we thought…

Let’s make sure we prepare this as a free downloadable for our community! 😊


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p.s. To help you understand it a little bit more, make sure to tune in to Episode 366 | How to Break into the Property Market?. Fast forward to the 46:39 minute mark and you’ll get to play along at home. And of course, if you prefer a written copy instead, we’ve also added a rough transcript in the report. (Stiggy got you covered!)

 

 

 

 

 

 

 

 

 

 

 

 

Episode 366 | How to Break into the Property Market?

Folks, the last time we unpacked a case study on the podcast was back in Episode 64 on 19th of May 2016. (WHAT?!!!)

So… you can imagine how excited we were with this episode, can’t you? 😉

In fact, Ben said this at the very start…

“MAAAAATE…. This is a MEGA episode!”

And no, he’s not exaggerating!

What we are doing today is a bit of Myth Busting coupled with some data, graph and cashflow modelling. And here’s a spoiler… You’ll be very surprised at our proposed strategy for this case study cause it’s not exactly what we’ve been banging on about for the last 300+ episodes.

Why are we proposing this then?

Well….

Cause we are going through a rapid price growth cycle and our strategy needs to be flexible and agile!

But before you start tearing off those pages in your custom-made The Property Couch Textbook (just joking but if you have one, please let us know!) remember this…

…. The fundamentals are still very much the same 😉

 

Free Stuff Mentioned

  • 334 | Bernard Salt: The BIG Shift In Australian Property! – Listen here
  • 308 | Pain & Gain: The Wealth Effect & The Housing Affordability Debate – Chat with Eliza Owen from CoreLogic – Listen here
  • PICA’S WEBINAR on Estate Planning – Watch Replay here.
  • ABC News Most Popular Australian Story on Gayle and Mac Shann – Read more here
  • John Kehoe’s Article on Financial Review – Read here
  • FREE Downloadable! Download here or fill in the form below…
  • Free Book: The Armchair Guide to Property Investing! – Get Your Copy Here
  • (85% OFF) Here’s the link to our Black Friday Sale!! >> https://thepropertycouch.com.au/blackfriday
  • (25% OFF) Get Access to Select Residential Reports here! – Don’t forget to key in this discount code: SRPRPT25

  

We recommend you to…

Download this free report before you proceed folks! We’re going through some charts and graphs today so if you’d like to play along at home, fill in your details below and let us know where to send them to! 😉


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Here’s some of the gold we cover…

  • 1:40 – Thinking about your Estate Planning? Check out PICA’s webinar here!
  • 3:03 – THIS Quote from James Clear is epic folks!
  • 4:51 – What is the Real Myth that we Busting today?
  • 6:44 – If you feel like it’s all impossible…. Check this part out.
  • 8:27 – The start of the STRATEGY segment
  • 9:02 – What are the 5 Types of Investors?
  • 11:31 – The TWO Pathway to Equity that we are focusing on today…
  • 14:03 – Moving on to TACTICS!
  • 14:35 – How much deposit is needed for this strategy??!!
  • 16:06 – Practical tips to boost your borrowing power
  • 17:29 – Let’s be honest… here’s what you need to sacrifice.
  • 21:28 – Asset Selection 101
  • 23:11 – What are the TWO Asset Aspects a millennial should focus on?
  • 25:11 – How do you fast track your research for this strategy?
  • 26:59 – THIS is the price range we’re looking at today…
  • 28:37 – What are the areas that you want to stay away from?
  • 32:03 – What’s our definition of “Buying Below Market Value”?
  • 34:11 – Over _ _ _ _ _ _ _ _ _ _ _ _ : One of the Core Risk for this strategy
  • 36:00 – The biggest bang for buck you get in terms of dollar down versus dollar return is…
  • 39:11 – Here’s when you should consider sub-division
  • 41:21 – Serious about research? Which data you should focus on?
  • 43:30 – Everything that you need to AVOID!
  • 47:07 – Download this Free One Pager here before you proceed!
  • 47:45 – The hero of today’s episode… our CASE STUDY!!

And…

  • 1:05:28 – Our BLACK FRIDAY Sales!!
  • 1:11:11 – What’s making property news – Soaring stamp duty ‘bracket creep on steroids’

 

 

 

 

 

 

Episode 255 | How Australia’s Best Property Investors Think, Act and Invest

Have you ever wondered how you stack up against Australia’s most astute property investors?

It’s human nature to want to know how you compare against others… even more so when these folks have something in common with you… and ESPECIALLY if they possess a trait you admire AND have achieved something you yourself are aiming for!

So, guess what? Today we’re unpacking what some of Australia’s best and most experienced property investors are…

1.      Currently thinking

2.      Currently doing

3.      Currently approaching their investment strategy!

And to do all this, we’re drilling down to the exact answers given on the most recent Property Investment Professionals of Australia’s (PIPA) Property Investment Sentiment Survey 2019! This reveals the mood, confidence and key trends of existing and aspiring property investors all across the country.

The question is… how do you compare???

 

Free Resources Mentioned

 

Today’s insights…

 

 

 

 

Episode 253 | Top Tips For First Home Buyers

It can be a rough ride when you’re just starting your home ownership journey — and trying to get your foot up on the property ladder is, let’s be honest… really hard!

So today’s episode is all about helping our “Firstie” folks! That’s right… our very First Home Buyers!!! And we’re going Q&A style so we can stretch out the ol’ helping hand to our Firsties, and our Mums & Dads of Firsties, and haul all of them up on the ladder with us!!

And if you’re scratching your head thinking, “I’m not a first home buyer, or even a parent, family member or friend of one…” — no probs. You’ll learn what it’s REALLY like to face today’s property market for the first time… and you might just pick up some tips that you can actually use on your own journey… or just pick up some nuggets of new gold and file these away for when you want to impress someone with your property and homeownership knowledge. (Suss below for a summary of what we’re discussing and the exact questions we answer in today’s episode.)

 

You’ll learn Top Tips, like these…

  • How Much Of A Deposit is Enough? (seriously.)
  • The First Home Buyer Scheme
  • The Best Way To Get Ready For A Mortgage
  • Credit Scores
  • Higher Yielding Properties vs. Capital Growth Properties
  • How A Single Woman Can Get On The Property Ladder

 

Free Stuff Mentioned + Extra Support…

 

The Exact Questions Answered in Today’s Show…

Question from Jake

So we have bought a lemon!!! We have purchased a lemon, it’s been fantastic as it’s high yielding and we have a low income as I’m still studying. But I’m about to graduate and are unsure if we should move the money into a more balanced property, or if the cost of selling etc, will just lose too much money? The struggle is even when I graduated we will both be on fairly low incomes so, is a high cash flow possibility a benefit for us? Thanks for your time. I love the podcast, I’ve read the book and I’m excited for what the future holds!

 

Question from Joel

Hi Bryce, Ben and Stiggy. I am currently studying at university and working two jobs (48hrs a week) to support my partner and newborn and have been utilising the First Home Super Saver Scheme (FHSS). I’ve used this for two reasons one for the salary sacrifice tax saving, but to also reduce my taxable income to minimise my Help/HECS Debt repayments whilst studying. I’m saving $750 into the scheme per month, and have approximately $10k in total at the moment.

Because The Liberal Party introduced the new first home loan scheme at the last election, I have been worried that they would wind up the FHSS before I could access my savings, essentially locking it into my superfund. This would set me back in savings by 3-5 years. Do you have any insight into this?  I understand that your advice is general in nature, and isn’t directed to my personal standings, but would you be utilising the FHSS if you were a first home buyer? Thanks, Joel

 

Question from Tom

Hi Guys, Love the podcast, found it recently and have already gone through 70 episodes (bit of a way to go!). I’m currently in the process of purchasing a PPR for $550k. I’ve saved around 15% as a deposit but will be using a parental guarantee as collateral to free up my deposit amount for a value-add renovation and as my buffer going forward. My mortgage broker has suggested a P&I loan with an offset account, but has suggested an interest only loan isn’t possible with a parental guarantee as the bank likes the debt paid down to release the second (parental) mortgage. Is this the case? Can the guarantee be released on money in an offset, or is the only option waiting for debt pay down till the release at which point the loan is refit to an IO loan?

 

Question from Kelsey

Hey, just wanted to flying the flag for young females. I’m a new first homeowner. I’m 28 and a primary school teacher, and bought a two bed unit (1960s) in East Sydney (20 mins from CBD, 15 from the beach) in June. I paid $520,000 (negotiated from $549,000) and plan to rent it out and live closer to work in the CBD after January – I’m living here for the first 6 months to avoid stamp duty and do a little cosmetic work on the place. To save for the 15% deposit, I’ve always worked my regular job, and weekend work or afternoon work alongside it. Man, it has been hard work clocking up the hours and saving, especially in an expensive city and wanting to enjoy life on the weekends with my friends as well.

However, a weekly savings plan, and just always living a pretty simple lifestyle below my weekly earnings got me here. On top of that, I just competed my Masters of Education, which also has taken a bit of money and time – and tracking the property market takes a fair bit of time investment! Additionally, I’ve travelled overseas every year for the last 3 years to volunteer teach in countries like India, Indonesia and Fiji so I haven’t been too strict in saving everything I earn. Basically, I wanted to show that even a young single female can be a homeowner in the current 2019 property market. It took more than money, but great friends with advice, a lot of courage to just jump in and do it, and of course the invaluable help from your podcast. The reassurance I felt from listening was invaluable.The journey so far feels surreal as for so long media has banged on that’s its impossible. It’s definitely hard, but doable. Thanks again, Kelsey

 

Question from Ryan

I am 23 with roughly $36,000 in the bank. I will start full time work in my graduate role at the start of 2020 and am hoping to buy my first investment property within the year. What is the best way to get ready for my first mortgage? Should I get a credit card to improve my credit history as I have never required one to date or are there any other recommendations to make your case more appealing to the banks? How long in advance of a purchase should I contact a mortgage broker and would it be beneficial to start a discussion with them before I am ready to purchase? Thanks for all the great content, I’m about half way through all of the podcasts and have found them incredibly beneficial.

 

Question from Lisa

Hey Guys. First of all I would like to say how thankful I am for you taking the time to make the show and share your wealth of knowledge. A friend of mine had turned me onto your podcast and I can easily say without it I would have already made a horrible investment mistake!

I’m working my way through your episodes and am still quite far behind. My husband and I started saving a bit late in life but wound up with $50K in the savings. I am very conscious of preparing for our future now and want to use property investment as a means to do it. Not that long ago I listened to one of your episodes where you had mentioned getting started with $50K. Is that still possible now? I have a completely open mind to investing and there are areas where you can still get properties at lower prices that can provide some growth.

My question to you is: in this day and age now, can you only get started when you have over $100K for the deposit? Or is it still possible to start with around $50K?

 

P.S. Got more First Home Buyer Questions? Let us know here.

P.P.S. Got any other Questions for us? Let us know here.

 

 

 

 

Report: Are You Saving For A Deposit?

Are you madly trying to save up a deposit, wondering how long it’s going to take for your savings to “magically” transfer into bricks and mortar? Maybe you’re a first home buyer and you’re desperate to haul yourself up onto the property ladder, but you’re not sure of the exact process involved in buying a home, or you wanna make sure your hard work and effort goes into a great asset or, hey, maybe you simply want your deposit to hurry up and be enough already?!

We talked about this in detail on Episode 246, Real Estate 101! But if you’re keen to get your hands on the transcripts, all the links mentioned in the episode AND additional resources that will help you escalate your journey, then this free report is for you!

 

Fill in the form below and we'll send it to your email straight away!

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What’s included in this Free Report: Are You Saving For A Deposit?

  • Full Transcript for this section on Episode 246, Real Estate 101
  • Free download of our best-seller book, Make Money Simple Again
  • Three additional videos that are related to this topic
  • Access to TPC MyWealth Portal to trap your surplus

 

 

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