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Episode 314 | The Millennial Movement: How It’s Shifting Property Demand – Chat with Simon Kuestenmacher

Did you know there’s a “Millennial Movement” currently happening? What if we told you this is shifting the property type set for high demand? What if we told you it might not be what you think it is?!

Folks, we’re about to dive inside the mind of an expert Demographer – someone who studies the changing structure of human populations and how this is going to play out in the future. And someone we’re VERY excited to have on!

Today’s guest is Simon Kuestenmacher – Co-Founder of and Director of Research at The Demographics Group!

Yes, The Demographics Group is, of course, headed by Managing Director Bernard Salt, one of Australia’s most sought-after social commentators…. and Simon not only works alongside him, he is himself a rising star in the world of demography – particularly when it comes to data animation and interpretation.

Even better, he has a rare talent of explaining these insights in a way that’s both super engaging (you’ll soon see!) so we can ALL understand and benefit from. He holds degrees in geography from leading universities in both Berlin and Melbourne and has also worked for several years as a business consultant with KPMG Australia. Basically, he absolutely knows his stuff!

Key Message Before You Listen…. As you likely know already – Australia’s population has a HUGE flow on effect to the demand (and hence the price) of property. At the end of the day, “population” is really “people”… and people, of course, live in and set the demand for properties… So when someone tells you little-known insights about who these people are and what they’re up to – i.e. key demographic trends, consumer insights and cultural changes – if you’re someone who’s interested in INVESTING in property… well, it’s extremely wise to pay attention.

You’ll get huge value out of this ep, folks!

Tune in now to hear what’s coming next for Australian Property!

 

Stuff Mentioned…

 

Here’s What We Cover..

  • Demographics 101 – What’s the #1 you must know when it comes to understanding demographics data?
  • What’s The Millennial Movement that’s shifting property demand?
  • The property type set to boom this decade…
  • The New COVID-norm analysis – what does it mean for property?
  • Are City Properties A Thing Of The Past?
  • Will the shift to regional locations be PERMANENT?
  • Who are the type of people who DISLIKE working from home?
  • What country or location most compares to Australia?
  • Where does Australia fit in the global landscape?
  • Why is the fastest growing economy not always the best economy?
  • Property Through The Generations – What It Says About Future Demand
  • What are “Launch Pad Suburbs”?
  • The major difference between Australian and European countries
  • Will immigration levels pick back up?
  • How many international students become permanent residents here?
  • The 1954 Melbourne map…
  • Which Australian capital city spends the most on wrist watches?! (And what does this tell us?)
  • What are the key trends that shape the way we live?
  • Upcoming Trends Property Investors Need To Be Aware of

 

 

 

 

Episode 313 | Investing Since 1967: How This Legend Outperformed The Marketplace By A Whopping 7.1%! – Chat with Jock Bing

Want to hear a property masterclass from one of the best of the best in the industry?! And what if we told you this guest has not only been investing since 1967… but also OUTPERFORMED the marketplace by a whopping 7.1% during this time?

That’s right… today’s guest is one of the LEGENDS in property investing – one of the first EVER Buyers Agents in the country, in fact – and all of the properties he’s purchased for his clients have been scrutinised over a 47-Year Review… and their growth performance EXCEEDED the entire marketplace!

So how did he do it?! And, crucially, where and what properties did he buy to get such a phenomenal return on investment?!

Introducing Jock Bing, Executive Director and CEO of Portfolio Property Management Services – a property investment, buyers advocacy and management firm that Jock founded back in 1967!! Yes, he is one of the trailblazers who invested in property WAAY before it was ever a “thing”… and guided others to do the same; getting them a ripper of a return in the process!

With over fifty years of in-the-trenches experiences, Jock has an enormous amount of wisdom to share… and we feel very fortunate to speak with someone who doesn’t just have longevity in the game, but is one the great pioneers and thought leaders in the property investment industry!

Fun Fact: Jock has actually been one of Ben’s personal mentors throughout his own investment journey… and we’ve been trying to convince Jock to come on to The Couch for some time 🤣… ‘cos the insights this man has is Nothing But Pure Gold.

Boy, oh boy, oh boy… strap yourselves in for a Property Investment Masterclass, folks… you’re about to have your mind blown!

Also – if you wanted to get more information on our Start & Build course, you can get the Limited-Time Discount on Start & Build here. (Discount ends on 22/11/20)

 

Stuff Mentioned…

 

Here’s What We Cover…

  • Who is Jock Bing?!
  • What was the property market like back in 1967?
  • How did he come up of the idea of investing in property?
  • Who lent money to property investors in the beginning?
  • How much were properties back then?
  • How did he get people to invest in property when it wasn’t really “a thing” yet?
  • What did this process look like?
  • Why did he NOT go for the new properties?
  • What suburbs were they buying in and why?!
  • The Why and How of attracting university students
  • What does Jock see happening to the future of the property marketv?
  • What does “investing in an apartment” really mean?
  • Why did Jock say NO to Spruikers?
  • The Sydney and Melbourne Market shift…
  • The rationale behind investing in existing properties…
  • What was the appeal of artisan/workers cottages?
  • How do you attract a higher quality tenant in a suburb that’s in the process of gentrification?
  • The FOUR Things You Need To Consider In An Investment Property
  • When did it pivot from 60 – 66% deposits with solicitors to 80% funding with banks and then using existing equity to get 105%?
  • How did the introduction Capital Gains Tax affect property investors?
  • Why did he take the long term approach to property investing?
  • How many properties was he purchasing for each client?
  • What would Jock do differently? Would he do anything differently?
  • The implications of investing in property on main roads and compromised areas…
  • … Did someone say “NSW reform to Stamp Duty”?!

 

 

 

Episode 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.

 

Episode 311 | The Dummies Guide To Strata Properties & Body Corporates – Chat with Amanda Farmer

What is Strata? And what are your obligations if you are considering investing in, or have already purchased, strata properties?

In this episode we’re going down the rabbit hole of Strata and Body Corporates/ Owner Corporations! Basically, it’s a “101” on The Do’s and Don’ts and Practical Tips for Strata Management… and, while this can be quite a complex topic, we have the perfect guest to explain everything you need to know… without the confusion or legal jargon getting in the way!

Today’s guest is clearly someone who knows her subject well…. Joining us is Amanda Farmer from Your Strata Property! Amanda is a specialist strata lawyer with over 16 years’ experience in strata and community living. As a Fellow and Council Member of the Australian College of Strata Lawyers, she is a recognised strata expert.

This episode is a MUST for anyone who is thinking about investing in an apartment or townhouse that shares common areas… those of which are managed by a body corporate!!

Listen now to get “The Dummies Guide” to Strata Properties & Body Corporates!

 

Free Stuff Mentioned:

 

Here’s A “Tip Of The Iceberg” Look At What We Cover…

 

 

How To Pick The Right Investment Property: “Know Thy Quadrant…”

So, what makes for the RIGHT investment property… and how do you pick it?

Well, let’s be honest… most of us can’t tick all the boxes on our property wish-list. We’d like to, sure, but often this isn’t an accurate depiction of reality. We can’t all afford the best house in the best street in a blue-chip, capital-growth-centric location every time we invest in property! So, chances are you’ve had, or will have, a conversation about what you might have to compromise in the buying process.

… And this is where our “Buyer’s Decision Quadrant” comes in!

This is a framework that can help you with the asset selection process and help you make an informed decision so you are NOT compromising where it matters most. Because there is something that is absolutely non-negotiable.

So in today’s episode, we’re going to take a deep dive on the four areas — the “Quadrants”  — of our Buyer’s Decision Quadrant so you can sleep well knowing you’ve picked the right investment property with the money you have and the ambitions you seek!

Listen now to learn how to pick the right investment property by using our Buyer’s Decision Quadrant to weigh up the “wins” and “loses” of what you compromise on!

Don’t forget, get further insights and “play along at home” by picking up a FREE physical copy of our book here: http://www.thearmchairguide.com.au/

 

Here’s a bit of what we cover in today’s episode…

  • What is “The Buyers Decision Quadrant” and how can you use it to purchase your next investment property?
  • What is The One Thing you should NEVER compromise on?
  • Should you buy “Smaller, Closer In” OR “Bigger, Further Out?”
  • What can you compromise on if you have a smaller budget?
  • How to recognise which investment property will work for your own circumstances…
  • Is a property that “ticks all boxes” – AKA the perfect property – really a myth?
  • Is “Uglier” always better?
  • Land size considerations…
  • What should you quickly overlook?

 

Free Resources

  • Free Book – The Armchair Guide To Property Investing: How to Retire on $2,000 A Week (please just pay for postage – we’ll pay for the book and send it anywhere in Australia for you.)
  • The Property Couch PodcastThe Insider’s Guide to Property Finance and Money Management (This is Australia’s #1 Property Podcast with over 307+ episodes that features HEAPS of simple and actionable frameworks, countless interviews with the best minds in the Australian property and finance industry and a ridiculous number of free resources to help you at any stage of the property investment journey)

 

Episodes from The Property Couch to Further Support You…

 

 

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