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Episode 241 | 12 Steps To A Profitable Property Development – Chat with Peter Koulizos

Raise your hand if you’re curious to hear the profitable, 12-Step Process to Property Development…?

Now, keep it there if you’re already a developer, or you’re keen to give property development a crack yourself or, hey, maybe you just wanna build on your property investment knowledge before you lock yourself into anything?

Righto then folks, if your hand’s UP, then this episode was tailor-made for you!!

‘cos today we’ve dragged the big boss back into the studio — Mr Peter Koulizos!! And he’s about to unpack some of his best stuff on property development!

For those who haven’t yet been privy to the Property Professor’s gold on gentrification (EP 30 and EP 47) or the Five Golden Rules of Property Investment (EP 030) or his most recent episode on negative gearing (EP 204)…  it might come clear to you now that our good mate Peter Koulizos — Chair of Property Investors Council of Australia (PIPA), property developer, specialist in property valuation and economics (with a teaching degree, a Graduate Diploma in Property and a Masters of Business – Property) —  is a SERIAL Coucher and one of Australia’s leading property investment experts whose opinion we greatly admire J

Sure, he’s got all the qualifications and skillset, but he’s also got invaluable, in-the-trench experience, ESPECIALLY when it comes to property developing… and not just a little bit, mind you folks… a WHOLE LOT of it!

So… let’s just pick the Property Professor’s brain, yeah?

He was in town, so we’ve dragged him back in to the studio!

Resources mentioned…

The TOP FIVE Highlights…

  1. The Framework to Figure Out if Developing is (or absolutely isn’t) For You
  2. The 12 Steps To a Profitable Property Development (and what to look out for during each step!)
  3. The Gross Profit You Should Aim to Get BEFORE Embarking on A Development Project (incl. the “worst case scenario” profit)
  4. The Difference Between Planning Approval And Building Rules Approval
  5. The Lenders That Have An Appetite for Financing Developments Right Now

Get Noteworthy Answers On…

Quote of The Day

“You don’t want to go from Zero to Hero.

You don’t want to know nothing about property straight to property development!”

– Peter Koulizos

Episode 240 | Is Now The Right Time to Buy a High Rise Apartment? – ft. Bonus Q&A

Folks, things sure have been heating up in the high rise apartment space recently and we MUST address a seriously important question, for property investors and home owners alike…

Should you be considering buying high rise apartments in the wake of some very high profile cases revealing significant issues??

We’re talking about the high-rise apartment evacuations that’ve been happening our main centres due to building defects — Opal Tower, Mascot Tower, LaCrosse apartments and Neo 200 —which have resulted in cracks to main structures, severe and unsafe water damage, FIRE (such as the cladding fire in Melbourne’s CBD) … all things that we can all agree are very problematic. Not to mention are also leaving a fair few folks homeless, out of pocket and fed up!

So, not only are you likely to struggle to get a return from high rise apartments, it’s evident that some (we’re definitely not saying all here) may pose a safety risk as well.

But if 1 in 5 wanting people are actually WANTING to live in apartments (which is up from 1 in 7 in the 1990s)…. it can definitely be argued that there IS a growing demand for one/two bedroom living… the question is… What should you be considering (and avoiding!) if you are wanting to invest in apartments?

And when it comes to high rise buildings, has the landscape well and truly changed?

… We’ve thrown in a Bonus Q & A to answer your specific apartment Q’s too, folks!!

House Keeping…!

We’re working on a brand new Podcast Picture (thumbnail) and we reckon we’ve got it down to two…  can you please Tell Us Which One You Like Most – Option A … OR …. Option B (both on our Facebook Page)

Favour WANTED from Long term listeners (please!)….

Folks, we’re doing a shameless shout out for selfies!!! Yep.. this is the brief: if The Property Couch has changed you or the way you invest, or your money management or has helped you in any way,  can you please record a selfie video of 60 seconds or less to let us know?? The reason we want these is to put the word out there, grow our community and ultimately help other folks avoid bad property decisions!!

Send Your Video Testimonial to info@thepropertycouch.com.au

Resources Mentioned…

Bonus Q & A on Apartments  

Question from Keren

What do I do with the apartment I bought prior to finding your podcast?? 😂😂😂

Question from Sabrina

I want to know if it’s worth buying an Off the Plan townhouse in Deanside (next to Caroline Springs in Melbourne)  3 bedroom townhouse, no body corp, under $390k

Question from Jake

Things to consider in regards to the sinking fund and if or how can the body corporate request to raise money from owners for certain issues? 
Keep up the good work ✌️

Question from Rory

Have an old apartment built around 60’s. Bought it in December 2013 since then I’ve put in new carpet and vinyl. Should I get a deprecation schedule in it?

Question from Tania

What are some of the unexpected costs of buying/holding an apartment?

Question from Nicholas

How do you determine capital growth on an apartment if you are the second purchaser assuming that the original price has been inflated for developer costs and not an accurate figure?

Question from Sonya

With a budget of 700 to 800k. I would like to know if an apartment (not brand new) in Moonee Ponds is a better buy than a house on a 700sm size block in Glenroy, as a comparison apartment vs house. Thank you.

Question from Bryan

 Is it safe to buy now in Brisbane apartments give lots of the newer builds have dropped 20% in price?Or do you think that is still overpriced?

Question from Laura

I want to know if it’s worth buying an apartment as an investment vs a house.

Question from Marah

Whether the ugly 60s / 70s brick monsters are a good investment how to protect yourself in an Opal tower situation…

P.S. Looking to get a free copy of Susan Alberti’s book, The Trailblazing Story of Susan Alberti – The Footy Lady? Click here and tell us which part of Susan’s story had the most impact on you! (ends on July 17th!)

Episode 239 | From Working-Class to Multimillion Dollar Philanthropist: How This AFL Royalty Mastered The Art of Delayed Gratification – Chat with Susan Alberti

What’s a footy oval and a VERY successful investor got in common?

… none other than one gutsy, 72-year-old woman… Susan Alberti!!

For the folks who aren’t quite into AFL like we are, Susan is not only Football Royalty down here in Melbourne — particularly when it comes to the AFL Western Bulldogs Football Club and opening up the sport to women players… but also, Susan has lived an EXTREMELY incredible life… she’s experienced everything from very humble beginnings, unspeakable tragedies, not being able to get a loan as a woman (yep), the heights of true accomplishment (see all of the positions she’s held here – ‘cos there’s more than a few!) and giving back in a way that is profound and unbelievably inspiring — all of which has been documented in The Trailblazing Story of Susan Alberti – The Footy Lady.

She is living proof that hard work, investing and delayed gratification pays off and is, of course, as respected as they come.

To give you an idea, not only is “Sue” one of Australia’s pre-eminent philanthropists, having donated millions of dollars to medical research and other charitable causes — when her only child, Danielle, was diagnosed with type 1 diabetes and later passed away due to the illness, Sue embarked on a global mission to find a cure, and is now Chair of the Susan Alberti Medical Research Foundation. And earlier, when her first husband was killed by a truck, Susan took over their construction business and discovered firsthand how to survive and prosper in what was very much a man’s world. Oh, and she’s also the 2018 Victorian of the Year, 2017 Melburnian of the Year and 2018 Victorian State Government Outstanding Contribution to Sport Award!

Basically… this woman has stared down adversity of all kinds and prevailed beyond doubt.

So, if you’re like us and are very excited to hear what this wise and wonderful woman has to say about investing and, indeed, life… then you MUST check this episode out, folks!

Also, special shout out to our listener Jill Stewart for suggesting such an awesome guest!! If you’ve got a guest idea yourself, feel free to let us know who you want to hear from HERE 🙂

As usual, there are a few resources today folks! So here goes…

The Top Things We Talk About >>>

  • How exactly did Susan transform herself from humble beginnings to impressive wealth?
  • Where did her drive come from?
  • How did her first husband Angelo, look at life and work? Why?
  • What was the origin of their property story?
  • How did Susan and Angelo start their first 16-units development?
  • Where did her desire to learn come from?
  • How much did her “very own” property cost when she first bought it?
  • How did she get a loan when most lenders wouldn’t lend in only a woman’s name?
  • How much was she paying interest on the loan?
  • How quickly were they growing their development business?
  • When did they cross the threshold into financial wealth?
  • How did Susan balance grief and running a business?
  • Did she have any female peers?
  • What does she now think is “true” wealth?
  • How has mindset influenced her success?
  • When did she get really involved in the Western Bulldogs?
  • How long did it take to get women’s AFL over the line? How’d she do it?
  • Will there likely be a cure for type 1 diabetes?
  • What does Susan regret or would do differently? Why?

P.S. Looking to get a free copy of Susan Alberti’s book, The Trailblazing Story of Susan Alberti – The Footy Lady? Click here and tell us which part of Susan’s story had the most impact on you!

Bonusisode – Market Wrap with Nerida Conisbee

Folks, this Bonusisode features Bryce’s Live chat with REA Group’s Chief Economist Nerida Conisbee on today’s Monthly Market Wrap… which they kicked off on Facebook Live!

So, what shape is the market in?

 

The Top Insights in this Bonusisode:

  • Nerida’s guess at tomorrow’s cash rate – will there be another drop?
  • Economic insights
  • Auction Clearance Rates
  • The locations with house price growth
  • Market Wrap around the States – Melbourne, Sydney, Brisbane, Adelaide, Perth, Hobart

 

Plus, The Top Performing Properties from the month:

  • The Most Viewed Rental Property
  • The Most Viewed Residential
  • The Most Expensive Property Sold
  • The Most Viewed Property Going To Auction This Weekend

Want to see these properties? Click here to View the Properties (all are in the Comments section)

P.S. Want more from Nerida?

Episode 238 | Money & Mental Health: Why there’s more to it than you think… Chat with John Mendoza Director of ConNetica

Folks, you’ve heard us say it before and we’ll say it again… “The State of Your Wallet affects the State of Your Mind”

… and this isn’t just a telling quote we throw around willy-nilly… it’s very real and is, in fact, evidence-backed. The truth is this… money worries and mental health are DEEPLY entwined. If you’ve got financial stress then, chances are, you probably feel like your whole life is out of whack… and this can seriously interfere with your mood, mindset and overall health!

So today we’ve managed to rope in a very special expert who’s dedicated his professional life to mental health matters and suicide prevention — John Mendoza Director of ConNetica.

As well as shining a light on the connection between financial problems and mental health issues, John’s career has included several senior executive positions, such as the inaugural Chair of the Australian Government’s National Advisory Council on Mental Health, the CEO of the Mental Health Council of Australia and CEO of The Commonwealth Statutory Authority, the Australian Sports Drug Agency.

Folks, if you’re wondering, “Why the switch to mental health?” or “Where does property investing fit in here?” or “Why so serious?”…

We’ll be completely honest… while not related at a tactical level to property, finance and money management… this IS related at a strategic level — ‘cos

no matter if you’re building wealth, or just trying to stay afloat and living paycheck to paycheck, or drowning in debt… or anywhere else on the financial spectrum… you’re NOT immune to this reality (unless, of course, you’re a… dunno… a cucumber, or something else non-human).

Oh, and folks… another quote for you… “The Most Important Asset is The Investor Themselves” 😉

Here’s the Free Resources mentioned in today’s episode…

Episode’s Top Teachings…

  • How’d this convo come up on the Twittersphere in the first place?
  • The relationship between mental health, suicide and money management
  • What age is most affected by suicide? How can you prevent it?
  • What’s the strongest factor that protects people in this space?
  • The “B Grade Movie”… and how it’s influencing your mental health
  • Who’s most at risk with mental health problems?
  • What about perfectionists? (aka Bryce… back in the day)
  • What’s the solution here?
  • The “ABC” Steps to Good Mental Health
  • What should Financial Planners and Advisors assess?
  • How can you help someone who isn’t coping?

P.S. If you’re struggling with your finances or you want to be better with your money, please make sure you check our Free Money S.M.A.R.T.S Platform

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