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504 | Everything You Should Know Before Turning Your PPOR Into an Investment

By in Podcast, Property Investment, Q&A

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Trevor is seeking a “Tree Change”: To escape out of the city with his family. What are the implications of turning his Principal Place of Residence (PPOR) into an investment property to do so?

Meanwhile, Emma’s got a duplex under a single title. She lives in one unit and has rented the other; is she eligible for Capital Gains Tax exemption?

Clinton wants to know what the best loan to attach his offset account to is: an interest-only or principal-and-interest loan.

Folks, today’s massive Q&A highlights the most significant benefit of Australia’s tax system, the importance of seeking good tax advice (and the implications if not!) and exactly why record-keeping could save you thousands.

Tune in now! 😊

 

Free Stuff Mentioned

  • How much is your property earning (or costing) you?  Moorr’s newest Property Cashflow Projection Tool is now live! Get a detailed breakdown of money going in and out over the next 12 months, plus the full tax story. 

 

Questions We Answer…

Q1) Capital Gains Inquiry from Emma  

Hello, my partner and I bought a full duplex with a single title in 2022 for $465K. 

This year in February 14th, we sold it for $550k. The unit 1 was rented when we first purchased the property and is still currently rented by the same tenant. She stayed there even after the settlement whilst we moved into the unit 2. 

Can you please help me with the capital gain tax calculations and whether we would be eligible for an exemption. I can’t seem to find a straight answer online, whether we would take the capital gains tax on just unit 1 or whether we could apply for the exemption for the whole property. 

Thank you. I appreciate your help. 

 

Q2) Where to attach my offset account? from Clinton  

Hi Bryce and Ben and the team on The Property Couch. I just have a question in regard to which loan I should have my offset account attached to? 

So, we currently have our PPR in Cairns, which is of the value of approximately $600k which in the next three years we’re going to rent out. Hence, it’s an interest only loan.  

And we are also going to buy a property in Melbourne this year of a value approximately $800k but that will be with P&I loan. Just wondering which loan would be better to have the offset attached to as $800k purchase will be P&I and the $600K PPR right now will be interest only.  

Obviously, interest only helps with cash flow as well. I understand that it’s probably better to have the offset on the higher mortgage, but would it be better to have it with the lower mortgage considering it has the interest only loan? Thanks guys. 

 

Q3) How to turn your PPOR into an investment property and move to the country? from Trevor   

Hey guys. 

Love what you do, the podcast and the content you share. My wife and I are on our journey with Empower Wealth, and we’ve just loved every minute of it. We’re keen to keep kicking goals on this journey we’re indebted to you guys for. 

My question centres around a sea change for us and our family – albeit moving to the country, not the sea or the ocean – would love to, you know, buy that acreage on a hill somewhere and just want to understand I guess in general terms, how that would look or play out for our current situation, being that we have a PPOR in the city here in Brisbane, we’re sitting at about 25% LVR on that. 

We’ve just executed on our first investment property and the total LVR would be about 46% and with the available equity 80% of the PPOR of about $750,000. I guess I want to understand how you can or could you turn the PPOR into an investment property, move to countryside and buy another PPOR and convert that one into an investment?  

How that sort of plays out in the finance and its tax implications, recognising that you know with the LVR so low on our current PPOR, it would be I guess positively geared considering that rental appraisals are around about $1200 per week in today’s market? 

So I’m struggling to understand how we could do that and I guess live our best life where we are keen to live. But yeah, look forward to hearing what you guys think and yeah keep up the great work. 

Cheers. 

 

Timestamps

  • 0:00 – Everything You Should Know Before Turning Your PPOR Into an Investment 
  • 1:17 – Welcome back Bryce!  
  • 4:13 – How to calculate how much your property is earning or costing you 
  • 8:41 – Mindset Minute: “The Gap between the Life you want and the Life you are living is called….”  
  • 10:50 – Q1) Are we eligible for a Capital Gains Tax exemption? from Emma   
  • 12:10 – The greatest gift of the Australian tax system 
  • 16:11 – Why talk to a tax advisor?  
  • 17:54 – A $21,250 tax bill & setting the precedence in 2023 
  • 22:32 – Q2) Where to attach my offset account? from Clinton   
  • 23:47 – The best place to park your offset is… 
  • 26:40 – Why does your highest cost of debt matter? 
  • 28:15 – Why record-keeping here matters!  
  • 28:51 – Don’t miss THIS tax advantage!  
  • 29:47 – Q3) How to turn your PPOR into an investment property and move to the country? from Trevor   
  • 32:35 – Will it become positively geared?  
  • 34:13 – Ben’s preference in these scenarios 
  • 35:27 – How modelling can make an impact  
  • 37:02 – Brisbane’s an interesting market because of…  
  • 38:25 – Tax implications & the team to help  
  • 40:40 – At minimum, it’ll cost you $40 to $50G… 

And…

  • 43:49 – Lifehack: Take a _____ overseas! (And don’t leave your card in the safe 😉)  
  • 54:14 – WMPN: Always read the terms and contracts & Westpac’s Prestige Property Report: Which investor gets the best tax concessions?   
  • 1:03:41– A letter from Alex from Episode 399!  

503 | How to Get the Right Property Investment Advice – Chat with Joel Burton

By in Podcast, Property Investment

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In this episode, we’re doing something a little different… 

Ben is sitting down to unpack the world of property investment advice – through the lens of a Qualified Property Investment Advisor (QPIA). 

To do so, we’ve brought an expert in this field, someone who has been efficiently and effectively helping clients build out their property journeys for over a decade… 

Joel Burton is a Qualified Property Investment Advisor who has crafted more than 850 personalised property plans for his clients. He has recommended thousands of investment property purchases, family home upgrades, downgrades, renovation plans, and even, in some cases, the advice to sell the property.    

From how a QPIA guides – and often can transform your view – to the magic behind each scenario and solution our QPIAs offer our clients, we’re showing you the inner workings of the property investment advisor world.  

Listen now folks!  

 

Free Stuff Mentioned

  • How much is your property earning (or costing) you?
    Find out with Moorr’s newest Property Cashflow Projection Tool, which gives you a detailed breakdown of money going in and out over the next 12 months, plus the full tax story.   
  • Find out more about PIPA’s (The Property Investment Professionals of Australia) Qualified Property Investment Advisor (QPIA) accreditation.  

 

Timestamps

  • 0:00 – 503| How to Get the Right Property Investment Advice – Chat with Joel Burton 
  • 2:00 – New Moorr Tool: How much is your property earning you? 
  • 3:44 – Mindset Minute:  If you want happiness for a lifetime… 
  • 5:28 – Welcome Joel Burton!  
  • 6:16 – Money Story: The GFC and being a musician   
  • 11:56 – What do Property Investment Advisors do?  
  • 14:10 – The nuances between advisors 
  • 16:20 – Why Fee for Service matters!  
  • 19:41 – What does it mean to be a Qualified Property Investment Advisor (QPIA)?  
  • 22:10 – “I’m more interested in your life priorities than the investment”  
  • 25:12 – We NEVER do this…  
  • 27:04 – The #1 question to ask your QPIA 
  • 29:16 – How a QPIA meeting could open your eyes more than you realise 
  • 33:56 – The biggest client fears Joel faces  
  • 38:10 – Do you buy a home, investment property or hybrid?  
  • 42:33 – Are property prices going to fall?   
  • 48:02 – The most common misconception: Equity does NOT mean…  
  • 51:33 – Block out the noise! 
  • 54:14 – The A-HA moments  
  • 56:35 – Realistic conversations & managing expectations  
  • 1:02:21 – What is the biggest regret clients have?  
  • 1:04:20 – Quick Fire Questions: Oldest, youngest, highest and lowest earning clients, and more! 
  • 1:08:00– Why Joel loves being a QPIA and measuring success  
  • 1:10:34 – His favourite client story  
  • 1:14:18– What should your QPIA have?  

And…

  • 1:18:12 – (Money) Lifehack: Try this chrome lifehack to find the best discounts!  
  • 1:19:10 – Two bonus life hacks!  
  • 1:20:58 – WMPN: The real impact of South Australia’s new tenancy laws  

 

502 | “It’s Putting the Mouse in Charge of the Cheese!”: Death, Taxes & Inheritance – Chat with Julia Hartman

By in Podcast, Property Investment

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After last week’s insightful episode with Noel Whittaker, we’re thrilled to continue with another stellar guest who helped to co-write the tax chapters of Noel’s latest book, “Wills, Death & Taxes Made Simple.” 💰📝 

Please welcome back, Julia Hartman, THE #1 Property Tax Expert in Australia!!  

Julia is the Founder of BAN TACS, a cooperative of Accountants that has been helping thousands of Australians navigate the world of tax since 1992. Basically, she’s your ultimate tax guru!  

In this week’s episode we’re uncovering the minefield that is death, inheritance and taxes.   

Like…how much are you taxed when you receive an international inheritance?  

Or how can you minimise the tax on your family home that’s been passed down?  

And what are the #2 biggest challenges with inheritance if you don’t keep your records?  

It’s an information-packed episode that could save you hundreds and thousands of dollars down the track. Listen in now!  

 

Free Stuff Mentioned






 

 

Timestamps

  • 0:00 – 502 | “It’s Putting the Mouse in Charge of the Cheese!”: Death, Taxes & Inheritance  
  • 2:11 – Mindset Minute:  When to stick and when to quit?  
  • 6:40 – Welcome Julia Hartman!  
  • 7:51 – The ins and outs of Inheritance: Your family home  
  • 10:19 – Can you rent out your family’s primary residence?  
  • 11:33 – Record Keeping 101: Why does it matter?  
  • 15:37 – Why estate mortgages are Julia’s nightmare! 
  • 16:20 – The slippery slope with shares 😮  
  • 17:30 – Claiming inheritance from overseas  
  • 21:45 – Don’t know where to start? Start with Julia’s spreadsheet! 
  • 22:28 – Beware of Testimony Trust. Here’s why! 
  • 25:00 – Wills, Death & Taxes Made Simple  
  • 26:04 – How folks try to avoid the death tax  
  • 28:41 – The Rule of Survivorship 
  • 29:36 – Remember this 6-year rule!  
  • 31:09 – What if an existing investment property is passed down?  
  • 32:41 – Capital losses are lost on death  
  • 35:57 – What happens when you inherit units through a company?  
  • 36:52 – SMSF vs. Industry funds: Post-death tax treatment 
  • 39:26 – Case Study: Contesting wills & estate freezing  
  • 43:30 – How long can you keep the estate going for?  
  • 45:57 – Can you challenge a 25% trustee fee?  
  • 47:04 – What happens when your cost base is NOT reset?  

And… 

  • 52:24 – A bonus gift!  
  • 55:52 – Lifehack: Do this to stop your water bubbling over when boiling pasta!  
  • 57:31 – It’s tax season! If you need a tax agent, we offer award-winning tax services.  

TPC Gold | Turia Pitt’s Approach to Money & Learning

By in Podcast

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Today’s bonus snippet is from an episode with guest Turia Pitt!

Turia is known for being one of Australia’s most admired and widely recognised motivational speakers. She is also a multiple best-selling book author, with titles including Happy, The Good Selfie, Unmasked and Everything to Live For. Her achievements don’t stop there however! Turia has also shared the stage with Tony Robbins, competed in the Ironman World Championships, and sailed around French Polynesia.

In this TPC Gold soundbite, Turia shares some of her favourite mindset tips and morning routines. She also discusses her approach to money and continuous learning – highlighting the power of taking small, manageable steps instead of giant leaps. 

Tune in for a fun and inspiring chat on personal growth and positive routines. Learn how focusing on these can help you navigate life’s challenges more effectively!

To find out more, including how Turia doesn’t let the accident define her: Episode 224 | Turia Pitt – From Burned Alive to Investing in Grit, Triumph and Property 

Get Inspired & Take Small Actionable Steps Today

If You Enjoyed This Snippet from Turia Pitt, Check Out:

 

501 | Noel Whittaker: Super, Shares & Why He Sold Most of His Properties!

By in Podcast, Property Investment

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🎉 To kick off our new financial year, we are thrilled to welcome a bucket list guest to the show! 🌟 

This is a guest who truly needs no introduction… 

Noel Whittaker – international bestselling author, finance and investment expert, radio broadcaster, columnist, and public speaker.  

He reaches over 3 million readers each week through his columns in pivotal Australian newspapers and is one of the country’s most successful authors, with 20+ bestselling books achieving total worldwide sales of more than two million copies. 

In fact, in 2011 this guest was made a Member of the Order of Australia for service to the community in raising awareness of personal finance. (And that’s just the tip of the iceberg for his achievements!)  

In today’s episode, Noel covers it all:  
🏠 His investment journey from buying his first property for £35,000 to losing half his assets
🌟 Mentorship from THE Doug Malouf and discovering his life’s purpose
📚 The story behind writing Australia’s first and best-selling personal finance book, “Making Money Simple” (which inspired a 16-year-old Ben to pursue his path!)
💡 How his struggle to find a publisher turned into a financial triumph
🌱 Noel’s intriguing investing riddle: “When does a lily fully bloom?”
💰 The importance of making superannuation savings automatic
📈 The evolution of superannuation – from Keating’s reforms to today’s productivity challenges

Get ready for a wealth of investing wisdom, sharp insights, and humorous tales from one of Australia’s greatest (and arguably original) finance writers. Tune in now, folks! 😊  

 

Free Stuff Mentioned

  • The first time Ben met Noel Whittaker below 😉  

Ben Kingsley & Noel Whittaker

 

Timestamps

  • 0:00 – Noel Whittaker: Super, Shares & Why He Sold Most of His Properties!   
  • 2:17 – Mindset Minute: Is it a dream, plan or reality?  
  • 3:24 – Welcome Noel Whittaker! 
  • 6:46 – Money Story: Pig farms and a £35,000 property?! 
  • 9:55 – “I always had a burning drive to get the business.”  
  • 12:20 – How those 2 goals transformed his life  
  • 13:25 – Starting the first display village   
  • 15:01 – From Doug Malouf mentoring to finding his purpose in life 😮  
  • 18:06 – Making Money Made Simple: When the search for a publisher turns into a profitable opportunity… 
  • 21:31 – Building the first-ever high rise on Sunshine Coast  
  • 25:11 – The power of compound: 15% return on his first property?!  
  • 27:07 – Noel’s Investing Riddle: How long does it take a lily to reach full bloom?  
  • 27:54 – How he lost half his assets and the #1 lesson he learned from it  
  • 31:07 – The £100 earning 😉  
  • 32:37 – Noel’s property portfolio and the comparison to shares 
  • 35:38 – Australia & Super: Then vs. now, tax-free rollovers and productivity  
  • 41:50 – Why June 2026 is the big date 
  • 42:49 – What Noel would change about our Super  
  • 44:20 – Hypothetical Q: “You have $1,000: to spend on an index or leverage the investment property?”  
  • 47:17 – Noel’s latest book “Wills, Death & Taxes”: 50% of Aussies die without a will 
  • 51:39 – Case studies on the nuances of wills  
  • 54:14 – What would Noel change on his financial journey if he could?  
  • 57:04 – The death tax on Super  

And… 

  • 59:33 – Wow, what an inspirational guest!  
  • 1:04:56 – Lifehack: Tuned into brain.fm?   

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