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Folks, no doubt you’re aware there’s been a shift in the property market.

House prices have dropped. This weekend’s Auction Clearance Rates here in Melbourne were below 50%. So it’s obvious that Sydney and Melbourne have come off their peak.

And back in Episode 66 (over 2 years ago now), we warned you that Winter was Coming… Well, let’s just say “Winter is Here”.

So where’s the good news? And what is a Property Balloon? 

Today we’re going to go “up in clouds” to see the 30,000ft view of the marketplace. We’re going to flashback to the last boom and show you what went down. We’re going to tell you how the correction’s playing out on the demand side and the supply side.

And we’re going to share with you The Big Switch.

So if you’re interested in the minor issues, the headwinds and the potential solution for the current property market… we’ve got over an hour of gold coming your way!

Folks, if think your cash flow story might need improving, don’t forget to take advantage of our free Money S.M.A.R.T.S Platform!

And, don’t forget our loyal listeners are able to Get 20% off our new book – Make Money Simple Again 🙂

Here’s what you’re in for…

• Firstly, how did we get to this last boom?
• What is the consequence of having historically low interest rates?
• Why do you need to be aware of “borrowing comfort” versus “borrowing capacity”?
• Why does the RBA drop monetary policy in the first place?
• What are the 3 mandates of the RBA in order to set the cash rate?
• What role did interest-only lending play in all this?
• What did we do to curb the high demand?
• What is APRA’s affect and role in the economy?
• What is happening in the SMSF space?
• What’s the difference between a liquid asset and property?
• What did Alan Oster, NAB Group Chief Economist, tell us back in Episode 169?
• Which scenarios do banks stress-test their books for?
• Who are most vulnerable in this market?
• Why should you be frightened of an Off The Plan property?
• What are the potential changes that might be happening?
• Is it all bad news for the Australian property market?
• Are there any prevention strategies in all this?
• 58:28 – THE Key Takeaways!

Podcast: Play in new window | Download

Subscribe: Apple Podcasts | Android | RSS

Folks, have you ever wanted to trap surplus cash and have more money?

If you want to get your hands on the tips to do exactly this, then this is the episode for you!
Because coming your way right now are the 7 Tips to Trap Surplus Cash!

Did you know: this will take us to over 100 money management tips! ‘Cos there are 95 tips in our book, Make Money Simple Again 😉

For the folks who haven’t got a copy of MMSA, you can head to our homepage (thepropertycouch.com.au) and pick up a FREE Chapter of the book!

CLICK HERE for the FREE Chapter of Make Money Simple Again (RRP $29.95)

And just a quick shout out to the countless folk who joined our Money S.M.A.R.T.S Platform to help manage their own money and get financial peace in less than 10 minutes a month — let us know what you think of the Platform!

For those who might be struggling to get passed the Google authenticator stage, which is there to protect your security and anonymity, Ben goes through this in today’s ep! Otherwise, please send us a snapshot of your computer screen, send it to info@thepropertycouch.com.au and we’ll sort it out for you!

We’ve also started a new Facebook Group, Make Money Simple Again, so we can keep sharing money management tips with the listeners who ask to join! Ben promises to jump on once a week to answer any money management questions you might have, especially if they’re about the Money SMARTS Platform.

1. CLICK HERE to Join our Facebook Page – Make Money Simple Again
2. CLICK HERE to get FREE Access to The Property Couch’s Money S.M.A.R.T.S. Platform
3. CLICK HERE to Get 0ur Book – Make Money Simple Again

PLUS Could you be the Property Investor of the Year?

Your Investment Property Magazine is on the hunt for Australia’s Investor of the Year!
If you think you’ve got what it takes to win (up to $20K worth of prizes, including a 12-month membership to LocationScore.com.au!), apply now!
There are three categories up for grabs: New Investor, Strategic Investor and Reno Investor — Entries close Midnight on Tuesday 30^th October 2018

Back to today’s show!

Here’s what you’re in for…

• When should you get rid of bad debt?
• What’s the enemy of money management?
• Why do banks benefit from a cashless society?
• How can you master your cash flow management?
• How much more do you spend when you pay with plastic? (Yep!)
• How can you get “on the same page” with your partner?
• Is there a downside to convenience?
• What are some smart money management tips?
• How should you run your household?
• What should you be doing with your credit card?
• What money habits can you start doing NOW?
• Are you doing this as you grow older? Stop!
• How can you resist the temptations of tap and go?