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536 | CGT Mistakes, Busting Mortgages & More: The Top 5 Property Questions on the Internet!

Are apartments REALLY a good investment? 🏡💰 

Property vs Shares – which one builds wealth faster? 📈 

What are the smartest strategies to pay off your mortgage sooner? 💸

Folks, in today’s supercharged Q&A session, we’re answering: 

The top 5 property and finance questions on the internet!    

From the essentials you need to know about capital gains tax to understanding how banks assess your borrowing power, we’re covering the most searched (and often misunderstood!) topics in property, finance, and money management. 


Here’s what we cover…

✅ The hidden pros & cons of apartments vs houses

✅ The real battle between property & shares

✅ Mortgage hacks that actually work

✅ Capital Gains Tax explained – how to reduce it, and much more! 

Tune in now for expert insights, real strategies, and insider knowledge that could change your financial future! 


Free Stuff  

  • TEASER: New Exciting Features Coming to Moorr!
    Big things are happening in Moorr, our lifestyle finance app designed to help you manage your money, track surplus, and achieve your financial goals.

    Here’s what’s coming…

    • My Knowledge Section – We’re migrating all our rich insights, free reports, and courses into a new, improved knowledge hub. Soon, everything you need will be in one place!
    • Next Date Feature – A powerful new reminder tool that goes beyond bill tracking. Use it for your goal-setting, to-dos, and key financial dates to stay ahead.
    • Mobile Insights Upgrade – All the rich data from our web app will now be available on mobile, making it even easier to track and manage your finances on the go. Check it out now!
  • WAITLIST: Bryce’s 50th Charity Event
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  • COMING SOON: “How to Retire on $3k Per Week”
    Join the waitlist for your new playbook for passive property investing. Our third book is a complete accumulation of our life’s work and teachings. You’ll get a special discount code PLUS first access to all our bonuses. Sign up now!
  • Want to have your burning property questions answered instantly? Try our podcast companion!
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Timestamps  

  • 0:00 – CGT Mistakes, Busting Mortgages & More: The Top 5 Property Questions on the Internet! 
  • 1:09 – Entering our 11th year and how to have YOUR questions answered instantly 
  • 4:33 – Life-changing updates coming to Moorr…  
  • 6:38 – COMING SOON: “How to Retire on $3k Per Week” 
  • 8:35 – Mindset Minute: Time is the only currency you spend without knowing your balance… 
  • 8:51 – How to support Bryce’s life-changing charity event dedicated to giving eyesight back to those in need  
  • 10:27 – Q1) Are apartments a good investment? 
  • 11:40 – Unpacking history performance  
  • 14:53 – Our tiers for property investing 
  • 15:46 – When it DOES & DOESN’T make sense 
  • 17:36 – Final Verdict  
  • 20:04 – The pros and cons of investing in apartments 
  • 21:29 – Q2) Which is better: Investment Property vs. Shares
  • 23:29 – Ask yourself THESE questions before deciding 
  • 24:30 – Key considerations for investors 
  • 25:07 – $50G vs $12G return: The answer depends on 1 key factor 
  • 28:27 – Why shares work for some!   
  • 29:29 – Final Verdict  
  • 30:10 – Q3) How to pay off your mortgage quickly? 
  • 30:23 – The key crux to slash years off your home loan!  
  • 32:14 – More practical strategies  
  • 32:38 – First-hand experience: How Ben paid down his first property 
  • 33:48 – Beware of THESE risks & misconceptions!  
  • 34:51 – Why putting money into your offset is the fastest strategy  
  • 37:25 – Your basic and advanced loan-smashing strategies  
  • 40:03 – Q4) What do you need to know about investment property & capital gains tax? 
  • 42:22 – How CGT is calculated  
  • 43:36 – Simple ways to reduce your tax bill 
  • 44:08 – Why tax planning is critical & how to consolidate your records  
  • 46:51 – Final CGT tips and professional advice  
  • 47:24 – Q5) How do lenders calculate serviceability? 
  • 47:38 – Serviceability EXPLAINED 
  • 50:19 – Why does it matter?  
  • 52:16 – What is APRA’s 3% buffer?  
  • 54:26 – What lenders really look at when calculating your serviceability 
  • 56:19 – Easy ways to improve your borrowing power 

And… 

 

506 | No Silver Spoon: The 24-Year-Old Who Owns 3 Properties & Counting?! – Chat with Harley Giddings

“I have a phobia of working 9-5 til I die.”  

  • Harley Giddings  

There’s a common belief among the younger generation today that the dream of property ownership is well and truly out of reach. (Buying a house for $30K like your grandparents did? Impossible today!)   

Today’s special guest, however, is a 24-year-old passionate property investor who is inspiring both the existing AND upcoming generation of investors through his Instagram account “propertywithharley” that documents his learnings, failures and insights on his ride to financial freedom.  

Please welcome a member of our very own Mortgage Broking team, who is also an outstanding financial inspiration: Harley Giddings!  

Tune in to hear how this young gun built a 3-property portfolio with no silver spoons, the key to mastering delayed gratification at such a young age, and the pivotal books that transformed his life. 

An episode that’ll provide inspiration for investors of all ages; listen now, folks! 😊  

 

Free Stuff Mentioned…

  • MOORR WEBINAR: From Data to Decisions
    7:30pm AEST, Tuesday 20th August
    Learn how to set yourself for investing success with Moorr, your all-in-one money management platform. Discover how to efficiently run and manage your investment portfolio from one platform and uncover Moorr’s newest features from the life changing Property Cashflow Projection to its advanced Rental Analysis calculator.
    Register for it today >>  
  • PICA’s 2024 Annual Investor Sentiment Survey closing soon!
    We want to hear your thoughts and experiences as landlords on issues across Australia’s property market. This data will be used to protect property investors and their investments against negative regulatory changes. Share your thoughts today! 

 

Timestamps

  • 0:00 – No Silver Spoon: The 24-Year-Old Who Owns 3 Properties & Counting?! – Chat with Harley Giddings   
  • 1:19 – Upcoming Moorr Webinar and PIPA 2024 Sentiment Survey!  
  • 6:15 – Mindset Minute: “Stay away from negative people. They have a problem for every solution.”  
  • 7:07 – Welcome Harley!  
  • 8:02 – 3 properties by 23: The 2 pieces of advice he’d give to those his age 
  • 9:37 – Money Story: How he formed early delayed gratification  
  • 14:31 – 15 years old and reading the Barefoot Investor  
  • 17:12 – The invaluable lessons his parents taught him   
  • 20:47 – Harley’s first investments & dollar cost averaging  
  • 22:55 – Why did he decide to pivot from shares to property?  
  • 24:47 – You’ve got $1G: Invest or self-education?   
  • 26:13 – The leap of faith into property  
  • 31:00 – No bank of mum and dad!  
  • 35:40 – Property #2: Researched & serviced himself 
  • 38:03 – Data points Harley looks at to decide where to invest!  
  • 40:12 – The A-team EVERY property investor needs   
  • 42:13 – Buying in a Company Trust Structure, SMSFs, and more…  
  • 45:23 – A North Star of $200K in his 30s?!  
  • 48:21 – We are proud to say he’s part of our Mortgage Broking team
  • 49:35 – Common FAQs Harley receives  
  • 50:56 – Block out the social envy and focus on self-education  
  • 53:26 – “I work 15 hours every Wednesday”: 2 jobs, 7 days a week  
  • 56:49 – Why he decided to become a Mortgage Broker 
  • 59:39 When is Harley buying a lambo?  
  • 1:01:28 – How does Harley still live his best life in his 20s AND build a portfolio?  
  • 1:05:35 – The book that inspired him to start his channel 
  • 1:10:27 – Harley’s Final Message: Get rid of THIS mindset 
  • 1:12:15 – If your child is a spender and wants to invest in property, try this first…  

And… 

  • 1:14:07 – What an impressive young guest!  
  • 1:15:49 – Guest Lifehack: “Look at life in ____ months”  
  • 1:18:02 – WMPN: We’re back in rebate country 😮  

 

499 | Why Choose an Investment Savvy Broker? – Chat with Brad Fraser

To give you an inside look at the real workings of mortgage broking, we’ve brought in an incredible broker from our investment savvy team…  

Please welcome Brad Fraser! 🙌  

We’re delving deep into the heart of this industry with two compelling real-life scenarios:     

🏡 First homebuyers: This young couple doesn’t want to compromise on their dream home yet are limited in borrowing capacity. How do we solve this with no net loss?   

💼 Aspiring Property investor: A young investor wants to buy his first investment property. Why did we initially say no, and how do we solve this problem amidst rising rates?   

Plus, we unpack Brad’s money story, which follows him as he pivots from spending it all to becoming the financial guru he is today.   

It’s an episode highlighting the importance of using an investment savvy broker who takes a holistic approach to your investment journey. Tune in now! 😊   

P.S. It’s our 500th episode next week! 🎉 Tune in for an exclusive guest appearance by a world-renowned sports psychologist and get the chance to win his $499 course for free.  Be among the first to know when it goes live 👉 https://bit.ly/3Xzvots 

 

Free Stuff Mentioned

  • This is the last week to help property investors across Australia:  
    • NSW’s No-Grounds Evictions:
      • Action 1 – Complete the consumer survey against the No Grounds Termination of Residential Tenancy Agreements  
      • Action 2 – Complete PICA’s Survey on why would you evict a tenant  
    • Victoria’s changes to minimum standards:   

 

Timestamps

  • 0:00 – Why Choose an Investment Savvy Broker?    
  • 2:15 – PICA webinar replay & have your say in legislative changes  
  • 3:51 – Mindset Minute: “Courage is not the absence of FEAR, but the triumph over it…” 
  • 4:46 – Welcome, Brad! 
  • 5:20 – Money Story: From scarcity mindsets to surf brands  
  • 11:58 – His life-changing shock at 18 years old  
  • 16:44 – Stepping stones to becoming a better saver  
  • 18:48 – The power of shared goals  
  • 19:46 – “How does money work?”  
  • 20:55 – What does the investment-savvy broker look like?  
  • 23:43 – Holistic Views vs. Product Selection  
  • 27:07 – Case Study #1: First Homebuyers   
  • 29:01 – The Problem: Reserved debts, smaller deposits & disappointments  
  • 33:55 – How we increased their borrowing capacity 
  • 37:24 – The genius behind Brad’s plan: No net loss?!  
  • 40:15 – Why it’s also about educating the client 
  • 41:05 – We didn’t use third-tier lenders; this is why. 
  • 43:04 – Case Study #2: Aspiring Property Investor  
  • 45:55 – The Problem: It wasn’t the right time to buy a property?  
  • 49:15 – Rising rates & the role of Buyer’s Agents 
  • 52:07 – The first lender isn’t your forever lender! 
  • 56:38 Why does Brad do mortgage broking?  
  • 57:16 – Ben’s meaningful moment in his broking career  
  • 59:19 – Book a free initial consultation with our team of investment savvy brokers!  

And…

  • 59:44 – Lifehack: Turn your phone into a Nokia 3315!  
  • 1:01:52 – WMPN: NSW Gov increases taxes for property investors and RBA correction 
  • 1:04:05 – 500th episode next week! 😮  

 

460 | How To Navigate Cash Flow Challenges During Rate Rises: Real Life Case Studies

With today’s tightening rate cycle, it’s no surprise that many folks are refocusing and replanning their lending strategies to secure their cash flows. 

 That’s why, in this week’s episode we’re honouring those folks who are focusing on “prevention rather than a cure” (and encouraging others to get on board!) by unpacking 4 REAL mortgage stories from our own brokers covering:  

👉 Refinancing before maternity leave when she’s the main breadwinner and there’s a history of health complications,  

👉 Navigating cash flow challenges as a single parent (The solution this parent decides to go with is downright inspirational and represents the choices MANY parents are facing!), 

👉 Relocating across states with jobs that CAN’T be done remotely, and… 

👉 Exactly why you need good lending advice from a qualified, experienced broker!  

If you can’t tell folks, this episode is packed full of evergreen wisdom that’ll reveal how to navigate cash flow challenges and optimise your lending strategy today.

Tune in now!  

 

Free Stuff Mentioned

  • Need help making your money last? Check out Moorr’s MoneySTRETCH to gain a clear line of sight into your finances! Watch Ben’s video to find out more here.  
  • Keen to talk to an experienced and investment savvy Mortgage Broker? Check out the Free Initial Consultation with our sister company, Empower Wealth here or fill in the form below:
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Timestamps

  • 0:00 – The Incoming Gold Today!  
  • 4:12 Mindset Minute: Spending can be a representation of… 
  • 9:54 – SUMMARY: Morgan Housel’s The Art of Spending  
  • 12:58 – Context for today’s episode  
  • 15:07 – Case Study #1: Maternity Leave & Health Complications  
  • 21:28 – The “a-ha” moment!  
  • 24:22 – Our Solution  
  • 29:55 – Case Study #2: Single Mother with a 12-Year-Old Son 
  • 35:27 – The 2 critical options they had!  
  • 37:03 – She was having THESE conversations over the dinner table… 
  • 40:07 – Is it really essential?  
  • 45:32 – Case Study #3: Married Couple with 2 Kids relocating to WA!  
  • 48:12 – THIS is always critical for Lending 😮  
  • 48:33 – The Perfect Blueprint: How they achieved their dream  
  • 53:19 Case Study #4: The Importance of Good Advice  
  • 56:09 – This happened during the GFC (+ why it’s like this cycle) 🙁  
  • 1:00:35 – Beware: Conflict of Interest!  
  • 1:03:05 – The Solution: Tiered Lending!  
  • 1:05:24 – Why the relationship should ALWAYS be the most important thing… 
  • 1:08:58 – What you should (and shouldn’t) be looking for in a broker!  
  • 1:12:50 – Need help making your money last? Check out MoneySTRETCH in Moorr!  

And… 

  • 1:16:27  Lifehack: How to BUY time?!  
  • 1:18:47 – Choose a brokerage that sharpens iron on iron. (Check out our awesome team if you need one!)  
  • 1:20:57 – What’s Making Property News: Thank you to all the folks who participated in the 9th PIPA survey! Interesting findings + what they mean… 

RBA Cash Rate July 2023: The Close Rate Call

 

Note: If you’re a regular listener of Ben’s RBA releases, you may have noticed that this update is relatively concise. We’ve mentioned on the podcast that Ben won’t be providing a detailed economic breakdown for this release due to personal reasons. However, rest assured that we will resume our regular programming for the August 2023 release. 😊

Before delving into this month’s RBA Release, it is crucial to acknowledge the current climate of uncertainty, which has led some Australians to make rash decisions relating to their finances. We have seen some members of our community considering delaying their wedding plans, selling their cars, and even selling their properties.

While some of those decisions are well-considered, we are concerned that others might be jumping the gun a bit too soon.

There is no doubt that the stress level when it comes to money is at an all-time high, and we are seeing a similar trend of uncertainty, like at the start of COVID. Back then, to help our community better understand their cash flow, we built this tool called MoneySTRETCH, which lets you know how long your money will last if there’s a change in your circumstances. It really helped our community then.

 

What is MoneySTRETCH?

In a nutshell, this tool lets you know how long your money will last if there’s a change in your circumstances.

For example, if interest rates go 2% or 3% higher, you can enter the expected repayment value to see the impact on your current and future financial position – down to the exact cent and month! Can you last another 36 months at your current spending level if interest rates are at 9% as another example.

And yes, it can pretty much cater to other questions such as:

Can I even afford anything anymore? Should I take up a second job? Should I start a family this year? Maybe I should push back our wedding. Should I quit this job that I love and get a higher-paying job? Do I have to sell off my car? Should I sell off my property?

Now that we are facing another round of uncertainty, we thought we would share this tool with a wider community and hopefully help others in making better and more informed financial decisions.

If you would like to know more, click here to find out how Money Stretch can empower you to make more informed financial decisions.

 

Free Mortgage Review

Alternatively, if you would like to book a free and no-obligation consultation with us to review your finances and potentially, chase down a better deal and save more interest, simply fill in the form below to get in touch for a Free Mortgage Review.

Or Click here to learn more about our mortgage team.

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Now, let’s get into the RBA announcement.

 

Transcript:

Ben Kingsley here with an important message for all of us mortgage holders.

Today the RBA board met and they kept the cash rate on hold at 4.10%. Now that said, inflation is still a little bit of a problem so we may be still to see higher interest rates in the short term. Why am I bringing this up as a message? Well it’s really important because at the moment our mortgage costs have been higher than they have been for many many years.

It’s too often I see households which don’t take action. They just accept the current status quo and pay the higher interest rates and pay those higher repayments to their lenders.

Well, I’m here to tell you that if you do ask the question, there are potentially thousands of dollars in interest savings available to you. By way of example, just in the last 12 months alone, our award-winning mortgage broking team has saved over $3.5 million in interest costs.

So again, you’ve got to ask the question.

Now, what I am saying in terms of what’s happening from a competitive environment in the mortgage space is number one; there are still cashback offers available in the space. Now, what does that mean? Well, it means you could be reversing maybe one or two interest rate rises with several thousands of dollars in cash back.

In addition to that, we’re seeing super competitive interest rates. So we do know in the industry, we call it a loyalty tax. So if you’ve been with the land for, say, two or three years, you’re often paying higher interest rates than new customers pay for that exact same bank product. So it’s really important that you continue to keep shopping around.

And finally, one of the latest developments in this space is around refinancing – if you’re trapped in mortgage prison. So you may have gone back to your current lender and they said, look, there’s nothing we can do. And you’re thinking you can’t move because maybe six months ago you spoke to another lender and they said no. Well, there are recent developments around how servicing calculators can be worked around to allow you to refinance from your existing lender. We call that mortgage prison into a new, cheaper line. So even that is worth asking the question from your broker.

 

Now, if you don’t have a broker or if you’re not happy with your broker, we are definitely putting our hands up here at Empower Wealth, which is our award-winning mortgage brokerage team.

And we are saying to you, let us be that. Ask the question through us. Our services are completely free of charge to you. So what are you waiting for? You’ve got everything to gain and very little to lose. Let us do all the work for you in terms of hunting down a better deal. And if we can’t get a better deal, you haven’t lost anything other than just asking the question.

So if you’re interested in asking the question, all you need to do is fill in your details below and we’ll be in contact with you shortly.

Let’s go out there and chase down a better deal. That money is worth more to you than it is to the bank. Let’s go on and hunt, and find that money for you.

Free Mortgage Review

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