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Bonusisode with Nerida | A Permanent Shift To Regional Locations?!

It’s time for… Australia’s Property Market Update with Nerida Conisbee, Chief Economist at realestate.com.au

And here’s the question on our minds…

👉 “Will the shift to Regional Locations continue BEYOND the pandemic?!”👈

Honestly… Will we see the “Escape From The City” trend move into a PERMANENT thing??

But that’s not all we cover…

💥 The Presidential Election & Its Impact on The Australian Property Market
💥 The Permanent Sea Change?! – What It Means For Property & People Who Invest In It
💥 What’s The Preference Shift In Demand Actually Fuelled By?
💥 Regional Areas That Are Soaring In Value
💥 The Cash Rate Record-Low DROP – What’s In Store Next?
💥 What’s Happening In The Mining Sector?
💥 Will We EVER Go Back To Fulltime Office Work??
💥 Easing Of Lending Restrictions – What it Means For Borrowers
💥 Property Market Update
💥 Will There Be A Cashless Society Moving Forward?
💥 The Future of Australia’s Economy…

👀📺 Watch now to get the FULL Property Market Update and see what’s coming for Regional Properties…

 

312 | Don’t Push Your X-ing Luck: Investing In Properties Close To Train Lines & Tips For Divorcees

Investing close to train lines. Buying Grandma’s house. ‘Til divorce do us part.

And then this… Should You Buy “The Worst House In The Worst Street”… IF It’s In The BEST Suburb?!

In this Q&A episode we’re giving you the answers to the property investment questions that keep you up at night. (Quite literally. One listener was pondering LMI at 3am!)

We’ve got everything from how to invest in property as a divorcee, using loan redraws, whether or not you should purchase your grandparents’ property for investment purposes, ways to release equity, tips if you’ve only got fifteen years of working life left, what impact train lines have on the value of property… the works!

Suss out the exact questions we answer below.

Otherwise hit play and learn how NOT to push your “CROSS”-ing luck! 😉

 

 

Question About Buying Grandparents House From Lucy

Hi Bryce and Ben, Long time listener of the show. Wanted to reach out to get your opinion and views on a couple of things related to investing in my grandparents’ home in Brisbane and whether or not it is a good idea to:

  1. a) buy your grandparents house as an investment property and
  2. b) investing in Brisbane (suburb, Stafford).

My grandfather built the house 60 years ago. He recently passed and my grandmother is moving to a retirement home. I have an opportunity to buy this property and have always wanted to. I know you shouldn’t invest for emotional purposes, but it’s not just that. This property is right by the brook, at the end of a cul-de-sac and is inner city Brisbane (less than 10km from the city). I’m from New Zealand and have seen the suburb and city change so much over my 30 years of visiting them there. The house is on a large piece of land. I think over the next few years the prices are only going to continue to rise and desirability in that area is only growing so I see great capital growth potential. The house is an odd configuration and built in the 60s. It really needs to go at some point sadly, and if sold, I know a developer will bulldoze and rebuilt 3 townhouses on there as they are doing in the surrounding area. My current plan would be to rent it out as is for a few years, and eventually replace it with a nice family home to have as a rental to a family. The house is estimated to be around $660k from research and houses on that street are getting up to $1m in some cases. I have one investment property in New Zealand that has been a great asset to build equity in. I see my grandparents’ house as a low yield, high capital gains opportunity to buy, hold, renovate. Would love to hear your thoughts Thanks, Lucy.

 

Question About Tips For Divorcees From Cathie

I have recently separated from a 25y marriage and about to begin the property settlement process. I’m hoping to keep the family home and then begin my property portfolio. Where should my first stop be to make sure I set my finance and PPOR correctly? What tips or suggestions would you have for someone who may have 15 years of working life until retirement? I have just started your Money S. M. A. R. T.S and Start and Build program and am working my way through your podcasts(loving then ALL!) I would like to have my PPOR paid off and generate enough passive income of about $1000/W. I want to get this right from the beginning. This is a new stage in my life and I want to be able to feel comfortable in my financial choices and also be able to provide and be a role model to my children. Thanks Guys!

 

Question About Investing In Properties Close to Train Lines from Yannick

Hey guys, 2 questions:

  1. Just wondering, how does a train line across the road or backing onto the backyard affect the property value?
  2. Also we’ve all heard the saying, worst house in the best street, does this hold true for the worst house in the worst street of the best suburb?

I’m looking in Ballarat so being a regional area I’m not sure if all these factors are the same as in Melbourne. Thanks very much in advance!

 

Question about Using Funds in Redraw from Andrew

Hello, My wife and I have owed our first home for 2 yrs. Currently we have a redraw on our mortgage and have paid off an extra $100,000 (available for redraw) after a bit of research and listing to your tips, I am in the process of organising an offset account instead. Now, how can I use the current available funds in our redraw? We want to buy our second home in the next 6 months. This 2nd home will become our primary residence and we will start to rent out the first house. Can I simply move the available cash over to the offset once set up and then use it later on to purchase the second house?

 

Question about  Why Does LMI Even Exist from Mark

If LMI is an insurance that protects the bank in the event you can’t pay, why would the lender need to charge it if the buyer/investor can prove they have income protection and could always pay their mortgage? Just a thought I had at 3am this morning. Lol.

Also, can you use equity in your PPOR to purchase an investment without actually withdrawing it? A bit similar to a parent being a guarantor. Thanks guys keep up the good work.

 

RBA November 2020 – A New Record Low Cash Rate For Australia!

Melbourne Cup Cash Rate announcement today and the RBA Board has just announced a new record low cash rate for Australia!!!

So here’s Ben’s update on what’s happening to property markets around the world and in Australia.

 

Plus, Ben also includes his latest news and commentary on…

👉 What’s The NEW Cash Rate For Australia??
👉 A Deep Dive Into The COVID-19 Health Crisis
👉 Update On The US Economy… Including “Trump vs Biden”
👉 What’s Making Economic News In China?
👉 Europe Update As A Second Wave Of Coronavirus Hits
👉 Australia’s Unemployment Levels…
👉 What Does The Recent “ANZ Australian Job Ads” Reveal?
👉 Has Consumer Confidence Made A Comeback?
👉 What’s Predicted For Victoria Now It’s Out Of Hard Lockdown?
👉 Retail Sales: Are People Starting To Spend Their Money?
👉 What’s The Credit Story?
👉 Housing Finance: Everything You Need To know About Current Housing Loans
👉 New Data For Buildings Approvals Released Yesterday…
👉 Property Market Update
👉 What’s Happening With Auction Clearance Rates?
👉 What’s Next For The Australian Property Market?

 

 

And of course… Additional Helpful Resources on COVID-19

National Update: Click here

State Update:

 

And One Final Word…

If you’re worried about your finances or if you have no clarity on your cash flow position, we strongly recommend you to organise your finances now. It’s more important than ever to have a clear view, down to the exact cent, on how much you’re spending each month and how much surplus you’ve got. If you don’t know it, then log in to your Money SMARTS Platform here and update the numbers.

Don’t have an account yet? Create your free access below and we’ll also send you an e-copy of the instruction manual which is also our best-seller book, Make Money Simple Again. Just fill in the form below and we’ll email it to you right away.

 

 

 

DISCLAIMER: This podcast is general information only and is an opinion comment by Ben Kingsley. The information contained in this video is for Australian residents only. The information does not take into account the particular investment objectives or financial situation of any potential viewer. It does not constitute, and should not be relied on as, financial or investment advice or recommendations (expressed or implied) and it should not be used as an invitation to take up any investments or investment services. No investment decision or activity should be undertaken on the basis of this information without first seeking qualified and professional advice.

The Property Couch, its employees or contractors do not represent or guarantee that the information is accurate or free from errors or omissions and therefore provide no warranties or guarantees. The Property Couch disclaims any and all duty of care in relation to the information and liability for any reliance on investment decisions, claiming the use or guidance of this publication or information contained within it.

For more information, please visit: http://thepropertycouch.com.au

 

 

 

 

 

 

Episode 308 | Pain & Gain: The Wealth Effect & The Housing Affordability Debate – Chat with Eliza Owen from CoreLogic

When it comes to the current property market… WHERE is the Profit being made? And, just as importantly, WHERE are the Losses happening?

‘Cos let’s be honest folks… it’s been quite the year indeed!! But it looks like we’ve finally reached a turning point in the market…

So, here to discuss the latest housing trends and data coming out from the property market is a very, very special guest and someone who definitely knows her stuff when it comes to property, economics and a big issue almost all first homebuyers face… something called “housing affordability”!

Introducing today’s huge guest… Eliza Owen is Head of Australian Research at CoreLogic! She has a first class honours degree in economics from the University of Sydney and has been a regular economic commentator on FBI Radio and guest speaker on Triple J’s Hack, 702 ABC Radio, Sky News and TEDxSydney! Not to mention, she’s also provided comment for many media outlets including The Guardian Australia, the Australian Financial Review, Pedestrian TV, the Daily Telegraph and plenty more!

PLUS, on top of her first-class knowledge bank, guess what Eliza’s also brought with her today?!

… Nonother than CoreLogic’s most recent Pain & Gain Report – that is, the Quarterly Report that unpacks (in a whole lot of detail!) how different properties, regions and cities are performing across the country. Yep… this includes exactly WHERE the profit and loss is occurring!

So, ready to dive in?!

Listen now to get the latest insights into the Australian property market, including where there’s “Pain” and “Gain”… AND get the tour into The Wealth Effect and The Housing Affordability Debate!

 

P.S. The Pies got slammed last week. Poor Ben. (kinda)

 

Free Stuff Mentioned…

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Here’s a bit of what we cover…

 

 

307 | The Budget Wrap And Is The Property Market Leaving Clues?

The Federal Budget has just been announced… so what does this mean for you and the property market?

Folks, in this episode we’re diving deep on the new Budget (one of the most important budgets since the Great Depression!) AND, most excitingly, something else that’s absorbing our thoughts right now…

The Property Market Is Now Leaving Clues…!

That’s right. The ducks are lining up… which means Positive News For The Property Market!

The question is… are you ready to hear if Australia’s economy is really “on the mend” and what’s coming next for the property market?!

If so, you’re about to find out!

(… What an episode!)

P.S Life Hack brought to you by our listener, Colin Lau! Send Bryce your own Life Hack here.

 

Free Stuff Mentioned…

Here’s a bit of what we cover…

  • The Budget: What’s In It For You and The Property Market
  • The Key Insights from the Big 2020 Budget
  • Why has the Treasury taken these measures?
  • When The Ducks Line Up: Why Is It “Positive News” For Property?
  • Why is the property market so resilient?
  • How much is the economy going to decline for the rest of the year?
  • When Will The Recession End?
  • Why the “Instant Asset Ride-Offs” have a ripple effect…
  • New Buying incentives Announced..
  • When will we see a vaccine for COVID-19?
  • How much will you get from the Tax Cuts?
  • Playing To Win vs Playing Not To Lose
  • How do you work out the “Fair Value” of property prices?
  • New Lending Laws – Why is it in your favour to be credible for your lending?
  • The Immigration Story…
  • “Jobs, Jobs, Jobs”… what does this even look like??
  • The 12 – 24 month outlook for property (and why it should make you smile)

 

 

 

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