415 | When Do Out-Of-Pocket Costs Become Too Much?

One person doesn’t know if their properties are worth the out-of-pocket costs. 💸 

Another couple isn’t sure if they should strike when the market is hot….or if it’s best to wait. 

And another investor just wants to know, ‘Are we absolutely sure that Queensland’s Land Tax is off the table?!?’  


We’re back with another mega-exciting Q&A Day that speaks to the Psychology of Investing, especially in an environment with rising costs and interest rates. 😮  

From the common mindset blocks that investors face (like loss aversion and sunk cost) to how you can carve a path for yourself when you just don’t know what to do next…  

We’re unpacking why investing isn’t for everyone, the Quality of Living trade-offs, how and why you’d want to split your variable and fixed rates and tons more wisdom!  

Basically folks, this episode has a bit of gold (and anxious feelings) that we can all relate to.  

PLUS, Bryce and Ben unpack and explain CoreLogic’s recent release on the 2022-23 Federal Budget and what the RBA’s recent rate hike reflects about us as consumers.  

Another fantastic episode filled with your awesome questions, tune in now folks!  



P.S. And if you want help identifying the next step on your investing path, book a free, 100% no-obligation consultation with our award-winning team of Property Investment Advisors here.  


Questions We Answer

Question 1: Anonymous on Confirmation that QLD Land tax is off the table 

Hi Ben 

I’m a property investor contemplating my next purchase.  

I heard that due to lack of support QLD’s premier has had to back-track on her proposed new land tax which would see the subject tax calculated on one’s total Australian land holdings (where before was only based on holdings in QLD).  

Reason I am touching base is the QLD premier stated she would have to revoke the proposal and would have to be tabled and passed in parliament. Not understanding this process, I wondered if you might know whether the proposal has been formally revoked and/or if you can advise how or where I could direct this enquiry to obtain absolute proof this land tax is now off the table.  

LOL, there is no way I would want to proceed buying in QLD knowing the new land tax could send me broke.  I need to see it set in stone.  😂 Thanks for any help you can offer. 


Question 2: Travis on Out of pocket expenses to maintain to IP 

Hi gents hope you are well. 

My question and advice relates to out-of-pocket expenses for me to hold 2 investment properties, because at the moment after all costs and tax rebates I’m around 15-18k PA out of pocket. I own a ppr and have a vic & qld IP.  

My Moorr platform is up to date and has me in the surplus of 4K per month but only at the moment. 

My issue is I don’t see current benefits with the high out of pocket expenses which are only going to increase & a couple of costly expenses to address on each property with water issues one being a requirement to put in a pit drain to tackle storm water and the other a fixed awning to combat heavy rain over a balcony, 4K and 3.5k respectively. 

With all this expense and the impact on quality of life due to concerns of having to pay for the next big cost I wonder if it’s even worth it. 

I have spoken with my advisor and informs me it’s ok but I wonder if this is sustainable or do I sell out for a more comfortable quality of living. 

I appreciate that there is some sacrifices but 15-18k YOY with little prospect of that moving to a favorable portfolio holding I just don’t see. 

To add there will be continuous improvements to spend in the coming years just to keep up with the age of the properties and keep them fresh I don’t feel rental increases will help the catch up. 

Please share your advice and thoughts. 


Question 3: Rose on A question on paying investment loans 

Hi Ben and Bryce, 

This is Rose, I love the podcast and have really enjoyed the personal stories in your summer series. I’ve never heard of financial anorexia before, but I definitely have it. So I was wondering if you could give me some guidance. 

I bought a small investment property August 2021. I had a lucky guess that interest rates where going to go up sooner than the RBA was suggesting, and I fixed the whole loan at a lower rate than the bank offered for the variable. 

However, this means I don’t have an offset account and I’m only aloud to pay off extra up to a limited amount per year. 

This is an investment loan, and the property is positively geared. 

I’ve heard old adages about how you shouldn’t pay off investment loans because they’re tax deductible, but the saver in me wants to pay down the loan. 

So I’m asking you two as the experts, should I still pay off extra on my property investment loan now, while I have a low rate for a few years, or just keep paying back the minimum and invest the extra money elsewhere?

Question 4: K on Using equity – the now or never mentality 

Hey gents,

Thirty-something female listener here from Sydney, and big fan of all your work. You made lockdown liveable – thank you.

While I have met with one of your team already for a free consultation, I have to say I am finding taking the plunge my biggest challenge

My partner and I will be having a baby within a year, and have some modest “rainy day” savings in our offset – which took a few years to build. We purchased our home (PPR) in late 2020 and also have an investment property (unit) in Sydney purchased in 2018.

We now have a window of opportunity to use the equity in our home and investment property to buy our next investment and scale up.

I note in a recent Q&A episode you talked about borrowing capacity (for some) decreasing over time and becoming a tad harder, plus the mortgage environment will be generally more challenging with interest rates hikes etc.

I am not afraid of the macro changes going on in the world too much, but the ultimate question is: do we strike while the iron is hot, or wait?

The challenges ahead aren’t small (new human on the way, parental leave considerations, reduced income, rising interest rates etc)?

Please help.
K, Sydney.


Free Stuff Mentioned… 

  • Other Episodes Mentioned:  


Want to work with Bryce & Ben’s Award-Winning Team? 


Here’s some of the gold we cover… 

  • 0:00 – This week we’re tackling… 
  • 1:21 We’ve had a MASSIVE upgrade to our Lifestyle By Design platform!! Check it out here.  
  • 7:44 Quick Recap: CoreLogic, the RBA rate hike & Hot Property Data 
  • 10:33 – Feeling uneasy? This is what you should do. 
  • 13:02 Here’s how a previous TPC Guest is implementing our lessons…. 
  • 16:01 Why you should chase your curiosity!  
  • 17:28 Q1) Confirmation that QLD Land Tax is off the table 
  • 18:35 The process behind amending legislation like this!  
  • 20:40 Off-Ramping: Why you shouldn’t be concerned…. 
  • 24:03 Q2) Out-of-pocket expenses to maintain an IP 
  • 26:00 This a classic conundrum that investors face…  
  • 27:56 The Psychology of Investing: Sum Cost, Loss Aversion & Comfortable Quality of Living 
  • 29:06 – Over the long term, THIS disappears… 
  • 30:25  Here’s how Travis can face his anxiety 
  • 31:47 THIS is why some people aren’t suited to be property investors
  • 33:28 “You don’t believe it”  
  • 36:45 Why investing is just like a bottle of wine… 
  • 39:16 Q3) A question on paying investment loans 
  • 40:19 What is Financial Anorexia?  
  • 41:20 Some of the catches to consider…  
  • 42:49 How to split your variable and fixed rates  
  • 44:18 Ben’s Answer (In theory)  
  • 46:01 What’s the benefit of going part-variable?  
  • 46:51 Q4) Using equity – the now or never mentality  
  • 48:29 Why you should focus on long-term horizons!  
  • 51:04 How to find your pathway forward…(Psstt…if you’d like help with this, why not book a free, no-obligation consultation with one of our highly qualified Property Wealth Planning advisors here.)  
  • 54:30 The 3 Golden Dials!  
  • 57:03 – How we make the “Invisible, Visible” 


  • 1:01:47 Made a mistake on your iPhone calculator? Here’s how you can wipe your last move 
  • 1:02:58 Why Re-grading Property Investment in Cairns is outrageous!  
  • 1:08:08 Keep the Qs coming folks! Submit them on Speakpipe.  


411 | Meet the NSW Premier: Reforms, Housing Affordability & Cutting Red Tape – Chat with Dominic Perrottet

Folks, in honesty, today’s guest needs no introduction – although we’re still going to give him one… 😉

Previously the Treasurer in the Berejiklian Government in 2017 and 2019 (following the re-election of the NSW Liberals and Nationals) he has also served as the Minister for Finance, Services and Property.

A proud husband and father to 7 kids, please welcome to the couch…

The Hon Dominic Perrottet MP, NSW Premier and Member for Epping in the NSW Legislative Assembly!!!!  🎉😱🤸‍♀️ 

Together, we’re pulling back the curtain on NSW’s newest property reforms, and examining his role in the scrapping of Queensland’s diabolical land tax! 

From solving the impending housing affordability crisis to helping everyday Aussies get onto the property ladder and build wealth, the Hon. Dominic Perrottet is sharing what these reforms actually mean for you and why their critical to the future of Australia’s property market.  

But of course, that’s not all… 

Like all our guests, we get to dive a little deeper into who the Premier of NSW is, looking at his childhood and his money story growing up.  

(Psst here’s a teaser: there’s a self-funded school exchange to Italy…at just 15 years old!!)  

An extremely insightful episode, the Hon. Dominic Perrottet shines a light on what managing an entire state looks like from the inside.  A fantastic episode to kick off October, tune in now folks!!  


Free Stuff Mentioned… 


Want to work with Bryce & Ben’s Award-Winning Team? 


Here’s some of the gold we cover… 

  • 0:00 – What we’re discussing with THE Premier of NSW!!  
  • 1:05 – Ladies we want to hear from you! Help us inspire others as a 2022/23 Summer Series guest!  
  • 3:14 – Never judge a book by its cover… 
  • 3:39 – Meet the NSW Premier, the Hon. Dominic Perrottet!  
  • 4:51 – What was his first job straight out of university?  
  • 5:58 – Growing up in a family of 12?!? 
  • 7:04 – How he funded his exchange program in Year 10! 😮  
  • 8:12 – Behind the political curtain of the scrapped QLD Land tax… 
  • 12:13 – The proposed tax set to help First Home Buyers!!  
  • 14:27 – And this is why Ben is a massive supporter of it… 
  • 16:43 – Who is the Shared Equity Scheme Trial targeting, and why? 
  •  18:55 – The true goal of this initiative!  
  • 19:30 – This is the process the Hon. Dominic Perrottet goes through before making changes…  
  • 20:33 – Why has he increased the Accelerated Infrastructure Fund?? (More exciting than it sounds folks!)  
  • 22:28 – How this will materialise in Western Sydney 
  • 23:19 – This is what will bring the prices of houses down!!!  
  • 24:14 –  “You can’t kill the goose that lays the golden eggs” 
  • 25:13 – Slashing through the Red Tape: Where did the problems begin?  
  • 27:47 – Why incentivising councils is important  
  • 28:53 – Ben & Bryce’s Radical Pitch: The Override Rule  
  • 30:18 – This is how local community charm& housing affordability can be achieved…. 
  • 31:57 – The Hon. Dominic Perrottet on the Stretched Commuter Belt  
  • 33:45 – Why working with regional councils is key!  


  • 34:37 – All Politics Aside…Our 2 cents on today’s discussion!!  
  • 36:08 – If you have property ideas you’d like to share too, we’re inviting you to the couch! 
  • 36:54 – So…is the First Home Buyers Scheme actually a good idea?!  
  • 38:38 – Has Siri been chiming in when you don’t want? Here’s how you can turn Siri off on your Apple Watch.  
  • 40:27 – A Series of Scrapped Reforms: The UK Mini Budget & QLD Lands Tax!  
  • 42:50 – A subdivided AND untouched 35-year-old house sells for…. $3M?!?!?  
  • 44:05 – 2023 as the bottom?! You’ll have to tune in next week...😉  


410 | What Happens Next? Market Reset, Rental Crisis and How To Solve It All! – Chat with Eleanor Creagh

Want to know what’s actually going on with Australia’s anxiety-inducing rental crisis 

Or where the market is really heading (based on insider’s data and knowledge?!)  

Well folks, we’ve got an extremely wise and exciting guest sitting on the couch today to share just this! Please welcome…. 

Eleanor Creagh!  

She is the Senior Economist at REA Group (the brains behind realestate.com.au) and is a trusted financial commentator.  

Specialising in property, financial markets and macroeconomic policy, she has a wealth of experience and knowledge within both domestic and international markets, and… 

She’s here to share all of this knowledge today!  

Here’s a sneak peek of the Q’s she’s tackling… 

👉 Is the Commuter belt boundary extending??
👉  Are we truly locked and loaded for a market crash
👉 Will Units vs. Houses be favourable in this cycle
👉 How do the experts identify we’re in a rental crisis and more importantly, how do we get OUT of one?!? 
👉 What is a realistic market forecast for 2022/23?
👉 How much further will interest rates really rise? 

 And so much more!!  

(Including how she made her life changing career jump, from studying Veterinary Medicine…and ended up in Australia!!)  

Tune in now to discover what the data reveals about today’s market, and where it’s really headed! 🤓  


Free Stuff Mentioned… 

  • Want to be on The Couch? We’re calling all potential 2022/23 Summer Series Guests! If you’d like to share your story, reach out to Stig here (We’d love to hear from you!!). 
  • PIPA’s 2022 Breakfast – The Property Investment Professionals of Australia (PIPA) is hosting a breakfast seminar! The event will feature an expert panel who will discuss the future of property investment, especially in light of QLD’s New Land Tax. Click to get your tickets.  
  • Read the results from PIPA’s Annual Property Investor Sentiment Survey 2022 here, and its official statement on its findings here.
  • For more from Eleanor Creagh, read her articles published on realestate.com.au
  • Leave us a Question! Have a problem you don’t know how to solve? Ask us on our SpeakPipe now. (Plus, you’ll get a free Start & Build course!) 


Want to work with Bryce & Ben’s Award-Winning Team? 


Here’s some of the gold we cover… 

  • 0:00 – The Incoming Gold! 
  • 2:31 – Exciting things on the horizon! (Don’t miss your chance to get on the couch!)  
  • 3:47 – The world is not driven by greed, it’s driven by E_ _ y!  
  • 6:43 – Introducing Eleanor Creagh!  
  • 7:40 – How Eleanor went from Veterinary Medicine to…Economics?!?  
  • 10:25 – Her First Job & Moving to Australia! 
  • 12:07 – Getting fined by the family ledger 😂  
  • 14:12 – From financially conservative to becoming a confident investor 
  • 16:25 – Australia vs. UK’s Property Market  
  • 17:37 – Trends REA’s observing in the 2022 market…  
  • 21:33 – This is how realestate.com.au tracks demand!  
  • 22:54 – Have Australia’s Auction Rates found their bottom?!  
  • 24:54 – Measuring Buyers Intent: how many folks are still property hunting?  
  • 27:27 – Unpacking markets within markets!  
  • 30:20 – Is the Commuter Belt expanding?!? 
  • 32:43 – Immigration & The Regional Shift!  
  • 34:51 – The Big Rental Squeeze  
  • 36:50 – How To Solve Australia’s Grand Rental Crisis  
  • 38:51 – Houses Vs. Units: What will we see favoured in this market cycle?  
  • 41:18 – We see THIS in every market cycle… 
  • 42:00 – APRA’s immovable buffer rate: what does it mean for you?? 
  • 48:05 – Eleanor’s Crystal Ball: What can we expect from the RBA and its interest rate?  
  • 52:27 – Is inflationary pressure set to ease?  
  • 54:08 – Realestate.com.au’s ultimate 2022 outlook  
  • 55:21 – Predictions of Each State  


  • 56:33 – Reflecting on the chat today… 
  • 58:59 – What folks need to do over the next couple months!  
  • 59:56 – What does your phone know about you??  
  • 1:02:43 – THIS is what we discovered from PIPA’s Sentiment Survey (Spoiler: QLD’s land tax is NOT helping the market!)  
  • 1:08:55 – This is the group that will suffer the most…🙁  
  • 1:11:35 – No less than a 300% increase?!  
  • 1:13:32 – Stay tuned….We’re flying to the Premier’s office next week!?!


Bonusisode with Julia – Your Ultimate Guide To Reducing Tax on Vehicles, Private Insurance & Land

IMPORTANT NOTE: This recording was filmed and produced before Queensland’s Land Tax was scrapped.

With a number of policy changes on the cards, in our third episode of “Talking Property Tax with Julia Hartman,” Ben and Julia cover…

  • Salary Sacrificing For Cars: How do Salary Sacrificing and Novated Leases work? Plus, how can you tell if either is beneficial for you?
  • Electric Vehicles – What are the changes to Federal Government’s policy and when is the best time to buy?
  • Private Health Insurance – Is it worth it?
  • QLD Land Tax Changes – How can you get around it?

Together they’ll reveal how these policies work and what actions are worth taking to reduce your tax repayments.

Tune in now!


p.s. If you are looking for an experienced and qualified tax accountant, you can reach out to us here 👉 https://thepropertycouch.com.au/tax


Free Stuff Mentioned…


Here’s some of the gold we cover… 

  • 0:00 – What we’ve covered so far…
  • 3:29 – Salary Sacrificing For Cars
  • 9:02 – What are the potential tax savings?
  • 12:31 – Is it a case-by-case basis?
  • 15:31 – When to Buy an Electric Vehicle?
  • 17:41 – Instant Access Write Off
  • 20:20 – The fine print (how to make sure you’re covered!)
  • 25:16 – Private Health Insurance – The history of the Medicare Levy
  • 28:32 – How to avoid the surcharge!
  • 36:14 – Is it worth it?
  • 38:35 – QLD Land Tax Rules Change
  • 44:03 – A Real Case Study
  • 47:06 – Ben’s predictions for the future…
  • 47:45 – How can you get around it?


Episode 408 | Is It Time To Sell Up?!

To sell, or not to sell, that is the question being asked by Queensland’s property investors.   

We’re back with yet another gigantic Q&A, involving one of the most contested issues in Australia’s property market: Queensland’s New Land Tax.    

And as Jean, one of our listeners asks, “Is it time to sell up?!”    

We’ll be revealing the realistic options that property investors have and as Bryce says, how to defeat “the monsters under the bed” when it comes to scary situations like this.   

Plus, we’re diving into where all this money created by higher rates is going, (Who actually benefits from it?!)   

And we balance out these topical questions with some evergreen challenges faced by investors like…  

How to keep investing when your income unexpectedly halves – like going on Maternity leave – and how to break free from the prison of cross-collateralisation (aka. Cross securitisation)!   

 There’s tons of new and old wisdom for you today folks, tune in now!!   



P.S. The Property Investors Council of Australia (PICA) have missed an invite to the crucial QLD Housing Summit. If you, like us, believe that having the voices of private “mum and dad” investors is important, please help us out!  

Tweet (or re-tweet) “Bring the Property Investors Council of Australia  (#PICA) along to the @QLDLabor 2022 Housing Summit!” on Twitter

We’d love to be able to represent these everyday investors and repeal the Great Queensland Renter’s Tax. 



Questions We Answer…

Q1 Jim on Interest Rates – where does the extra money go?  

Good day Bryce and Ben and Ivise, 

How are you? 

My questions is around interest rates going up and what happens to the extra money that’s collected from mortgage payments?
Do the banks get their cash from the RBA?
If so, where does that extra money actually go? 

I understand that some money can come from offshore. The banks getting the (inaudible) to extra cash. The difference between from what they can source their money atand what they’re charging in interest rates? 

It’s good to know what happens there.
Keep up the good work.
Love the podcast.


Q2 Bec Muser on What to do now we’re on Maternity Leave? 

Hi guys. 

Hoping you could talk about maternity leave. 

I have only recently started listening to your podcast and I think about 5 new episodes a day and 78 previous episodes deep. We had a baby pre-term so I’ve been dropping to and from hospitals and you guys have been keeping me sane. 

Our pre-term baby mean that our maternity leave situation started 15weeks earlier than we had planned. While that has not financially impacted us in terms of lives management, it has put a big bump in the road for our property investment goals. 

We have 1 investment property where we successfully access 225k worth of equity from that property and have that in the bank all done in Sydney.  We also have 75k worth of savings on top of that the 300k in the bank ready to go but I’m now on half pay maternity leave for the next 6months. We’re just wondering what’s the best course of action is now in terms of do we sit and wait or is there something that we should be doing even though we’re on maternity leave. 

Thanks guys. 

Q3 Mel on Cross Collateralised Properties 

Hi guys, it Mel here.

Big fan. I’ve listened to all of your episodes. My dad and I even purchased your educational series and listened to all them. We even bought an investment property together so thank you for that.

On my own property journey, I have my principal place of residence which is an apartment in Sydney and have recently just purchased another apartment.

As you guys have said sometimes the bank don’t cross collateral without telling you and that’s exactly what happened. So going back I’ve re-listened  to your episodes to educated myself again so we need a gold nuggets in there to listen to and I’m going to my bank to have a discussion and because of the particular way I had set up is to defend space, I am a member of the army, I actually couldn’t take the equity out of it and cross collateralisation was the only way to buy the 2nd investment property on my own portfolio.

So my option now is either to save up to deposit and go ahead and buy another property and do it the proper way where I’m not cross collateralising or I can try and uncross them now with a savvy mortgage broker as you say or option 3 is to is to save up if this is even an option. 

My question is can I leave 2 properties crossed collateralised on the 2nd property, take out the equity, liquidised it and then get another property? Or once you start the cross collateralisation, is that it?

Any advice you can give would be great.

Do I uncross now?

Q4 Jean on  QLD land tax – should we sell up? 

Hi I’m an investor in NSW and my name is Jean.

Given the news out in Queensland, is it time for all investors to sell out their properties in Queensland and get out because it is really unfair to us that we also have to pay taxes for our properties outside of  Queensland?

Thank you.


Free Stuff Mentioned… 


Want to work with Bryce & Ben’s Award-Winning Team? 


Here’s some of the gold we cover… 

  • 0:00 – The gold you’ll hear today! (Minus Ben 😉)  
  • 1:11 – Guess who’s benched… 
  • 5:20 – You can get “good enough” at almost anything in 20 hours… 
  • 7:16 – Ben’s Bonus Life Hack!  
  • 8:42 – Q1) Interest Rates – where does the extra money go? 
  • 9:56 – How do banks source their money?  
  • 13:13 – And how banks pay back this borrowed money!  
  • 16:00 – A quick history of the Reserve Bank of Australia (RBA)!!  
  • 16:54 – What does the RBA do?  
  • 17:55 – Don’t be fooled folks, THIS is the biggest commodity in the world!  
  • 19:33 – Q2 What to do now we’re on Maternity Leave? 
  • 21:22 – You only need these 3 things when buying an investment property… 
  • 23:25 – THIS is why you need a letter from your employer 
  • 24:29 – These are the things that lenders will inspect!  
  • 26:55 – Folks, make sure you get tax advice…  
  • 27:45 – What we’d recommend!  
  • 28:28 – Psss…we forgot to say – Leave us a question and get this for free!  
  • 29:17 – Q3) Cross Collateralised Properties 
  • 31:29 – Is it really terminal!?! 
  • 31:47 – This is how they could release equity… 
  • 33:30 – Why we encourage UN-CROSSING Cross Securitisation!  
  • 34:36 – How an investment-savvy mortgage can help…(And if you’re looking for one, why not try our mortgage brokers! Book a free, no-obligation here)  
  • 38:32 – Joint liability: What is the best way to manage it?  
  • 40:25 – Q4) QLD land tax – should we sell up? 
  • 41:07 – The scariest part about this question…. 
  • 42:21 – The Gov is refusing to release its modelling?!  
  • 43:40 – The Bigger Issue 
  • 44:16 – The Crazy 1985 Negative Gearing Mistake  
  • 45:01 – NSW’s 2005/06 Stamp Duty  
  • 46:03 – The options folks have  
  • 48:10 – Why are we seeing rising rents across Australia?! (What State Govs should be doing…)  
  • 50:05 – Our Answer!  
  • 52:45 – How to get rid of the monster under the bed!  
  • 54:25 – Here’s to THESE investors…  
  • 56:20 – Why do we have this confidence?? 




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