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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.

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Episode 195 | Property Bubble or Property Balloon?

Folks, no doubt you’re aware there’s been a shift in the property market.

House prices have dropped. This weekend’s Auction Clearance Rates here in Melbourne were below 50%. So it’s obvious that Sydney and Melbourne have come off their peak.

And back in Episode 66 (over 2 years ago now), we warned you that Winter was Coming… Well, let’s just say “Winter is Here”.

So where’s the good news? And what is a Property Balloon? 

Today we’re going to go “up in clouds” to see the 30,000ft view of the marketplace. We’re going to flashback to the last boom and show you what went down. We’re going to tell you how the correction’s playing out on the demand side and the supply side.

And we’re going to share with you The Big Switch.

So if you’re interested in the minor issues, the headwinds and the potential solution for the current property market… we’ve got over an hour of gold coming your way!

 

Folks, if think your cash flow story might need improving, don’t forget to take advantage of our free Money S.M.A.R.T.S Platform!

And, don’t forget our loyal listeners are able to Get 20% off our new book – Make Money Simple Again 🙂

 

Here’s what you’re in for…

 

Episode 194 | Seven Tips to Trap Your Surplus Cash

Folks, have you ever wanted to trap surplus cash and have more money?

If you want to get your hands on the tips to do exactly this, then this is the episode for you!
Because coming your way right now are the 7 Tips to Trap Surplus Cash!

Did you know: this will take us to over 100 money management tips! ‘Cos there are 95 tips in our book, Make Money Simple Again 😉

 

For the folks who haven’t got a copy of MMSA, you can head to our homepage (thepropertycouch.com.au) and pick up a FREE Chapter of the book!

CLICK HERE for the FREE Chapter of Make Money Simple Again (RRP $29.95)

 

And just a quick shout out to the countless folk who joined our Money S.M.A.R.T.S Platform to help manage their own money and get financial peace in less than 10 minutes a month — let us know what you think of the Platform!

For those who might be struggling to get passed the Google authenticator stage, which is there to protect your security and anonymity, Ben goes through this in today’s ep! Otherwise, please send us a snapshot of your computer screen, send it to info@thepropertycouch.com.au and we’ll sort it out for you!

We’ve also started a new Facebook Group, Make Money Simple Again, so we can keep sharing money management tips with the listeners who ask to join! Ben promises to jump on once a week to answer any money management questions you might have, especially if they’re about the Money SMARTS Platform.

  1. CLICK HERE to Join our Facebook Page – Make Money Simple Again
  2. CLICK HERE to get FREE Access to The Property Couch’s Money S.M.A.R.T.S. Platform
  3. CLICK HERE to Get 0ur Book – Make Money Simple Again

 

PLUS Could you be the Property Investor of the Year?

Your Investment Property Magazine is on the hunt for Australia’s Investor of the Year!
If you think you’ve got what it takes to win (up to $20K worth of prizes, including a 12-month membership to LocationScore.com.au!), apply now!
There are three categories up for grabs: New Investor, Strategic Investor and Reno Investor — Entries close Midnight on Tuesday 30th October 2018

 

Back to today’s show!

Here’s what you’re in for…

 

 

The Bank of Mum and Dad on Weekend Property, Today Show!

On the Today’s Show, Weekend Property this time, we talk about using the Bank of Mum and Dad to get on the property ladder! Saving a deposit, how it can be done and what else do you need to consider?

Hope you enjoy this segment! If you’d like to learn more about joint venture and guarantor loan, here are some helpful episodes! >>

  • Episode 46 | Q&A – Things we would have done differently, Buying sight unseen, Tax and purpose of property, Investment grade in regional centres and Joint ventures
  • Episode 116 | Q&A – How does Guarantor Loan actually works, Fixing a Joint Venture, Investing in WA and more

 

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.

  • This field is for validation purposes and should be left unchanged.

 

 

 

Episode 088 | Q&A – Investing in Newly Developed Areas, Getting into the Property Market, Career as a Buyers Agent and more

Last week’s podcast had been quite an interesting one! We strongly recommend you to listen to it twice to make sure you don’t miss out on Dr Andrew Wilson’s outlook on the Australian Property Market. This week, we are going back to Question and Answer episode and Bryce Holdaway and Ben Kingsley will be discussing:

 

  • Question on a career as a property professional from Hayden: To the Property Couch, I have a couple of career questions to ask but firstly I just wanted to share my investment story so far and why I think what you are doing is so important. If I had your advice earlier, my circumstances would be much different. I am currently 25 years old; I began my investment journey when I was 17. My father suggested using the money I had saved for a car to use it instead to buy a house. This was in 2008 when the Rudd government was handing out the huge first home owner grants, when I had my first meeting with a mortgage broker (not even knowing what a group certificate was) they were suggesting I buy an off the plan unit. So put signed up for one in Frankston, Victoria from a company thinking they were giving me good property advice. This purchase eventually fell through due to the bank evaluation not coming through at the correct price. Then I signed up for another off the plan unit in Langwarrin, and after two years they had not even begun construction because the council was saying there was endangered fish in the creek near by. So I pulled out of that one and tried to purchase one in Carrum Downs 6 months later and this one fell through because the bank wanted 20% of the loan. Friends and family were telling me to give up by this point because of how upset I was getting, but I stuck with it and purchased one in Langwarrin. This time, a 2 bed 1 bath unit. This then turned out to be a very poorly built unit and eventually I received an insurance claim of $20,000 to fix the poorly built unit. After 4 years, this property has not delivered any growth at all and doesn’t look to in the near future either. Then I purchased a 1 bed 1 study 1 bath unit in a high rise in Ipswich, Queensland and this property has a lift, pool, spa, sauna, underground car park and a concierge.Even though I have made nearly every mistake you could make and still haven’t made a cent off property, I’m still obsessed with it and read and listen to every book and podcast and attended any event I can. I want to work in the industry to try to prevent this from happening to someone else but I’m not too sure what exactly I want to do. I was wondering if you would share some in-depth insights into mortgage broking and being a buyers agent. As much detail as you could would be helpful such as their daily tasks;
    (A) The pros and cons to each and how much they get paid?
    (B) And your thoughts on mortgage broking franchises or are you better starting off on your own?
  • Question on new developments from Brad: I realise that you guys are biased towards investing in established homes, usually with a short disclaimer on how you may have invested in new developments at some stage in your lives. In the interest of a more balanced argument, I feel it would be beneficial to offer someone in the industry who focuses on investing in new developments the chance to put their views forward. Just as there are good and bad established homes the same rings true for new or off the plan developments.
  • Question on next step in property investing from Damien: Love the podcast, learning so much each episode, feels like I’m completing a degree for free so thank you so much.
    I recently purchased my first property under market value (purchase price $420k, my banks value $540k) 3-bed townhouse on 452m2 in Kenmore, Brisbane. I had to use LMI ($18,000) due to only 5% deposit which basically brought my loan up to $420k. I want to continue to accumulate good properties. My financial decisions i.e lifestyle was poor in the past but over the last year I have turn that on its head. I have $20k in cash now and I’m wondering what would be your advice for my next move. I’m making sacrifices to get ahead. I live in the townhouse with 2 tenants getting 360 a week for cash flow. I have an interest in renovation also and I’m looking in the Ipswich area. Should I hold off or move again swiftly?
    Thank you for your help.
    Go the Lions 🙁
  • Question on cash flow from Ben: Hi guys, love the podcasts! I stumbled across one of your podcasts when I was searching for investor information and enjoyed it so much that I went back to the beginning and listened to every single one in the space of about 3 weeks! I’m 21 and working part time whilst also studying. I am planning and on track to have a 20% deposit on a 400k house saved up in the next 12 months. However, due to the nature of my work (personal trainer) my weekly pay can drastically vary (anywhere between $300 and $900 per week, with an average yearly earnings of around $25,000) and the fact that I will still be studying and unable to work full time to increase cash flow for the next few years, I visage that I would have next to no chance of being successful in getting a loan to match my deposit. I want to do whatever I can to get into the property market as soon as possible, but considering my circumstances and my end goal (early retirement on 100k+ per year) is there anything that I can do to get into the market sooner rather than later without substantially increasing my cash flow? Or should I just keep saving and wait it out until I have the cash flow to match my deposit?
  • Question on investing in newly developed areas or established suburbs from Stephen: Would you be better to build in an area with established housing nearing the end of its development life where you know the quality of the area. Or in a new development with no housing as yet but a big blueprint for long-term development? Would you get a bigger capital gain in the new area over time vs potentially small capital gain in established as the capital gain has already expired?

 

If you like this Q&A episode (Investing in Newly Developed Areas, Getting into the Property Market, Career as a Buyers Agent 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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