X

283 | Buy & Hold vs Buy & Sell – which strategy works best in WA? – Chat with Damian Collins, President of REIWA

And so our theme of chatting with the Presidents of the property markets across the country continues! 

Here to tell us what’s happening in Bryce’s hometown (Perth 😉and the best strategy a property investor should adopt in WAis Damian Collins, President of REIWA – the Real Estate Institute of Western Australia! 

The last time we checked in with Damian was waaay back in Episode 73… and there’s been more than a few changes in the WA property market between then and now… plus, even more news since COVID-19 came on the scene! 

A bit about today’s guest… Damian has served on the REIWA Council since 2011 and was elected President of the Institute in 2018. He’s been an active investor for over 25 years and is ALSO the Founder and Managing Director of Momentum Wealth   a Perth-based property investment consultancy. As well as all thishes also the Chairman of commercial property funds management business, Mair Property Funds. 

We tackle the big question… Should a Buy & Hold Property Investor actually invest in Western Australia? 

This one is for our WA folks… and those interested in what’s happening on the grounds in the Perth property market 

  • Pre-COVID-19 
  • During COVID-19 
  • Post-COVID-19 

 

Free Stuff 

Free resources: ABCD during Pandemic

Fill in the form below and we'll email you the PDF right away! 😉

  • Are you also interested to have a better understanding of your cashflow position via our FREE Money SMARTS Platform?

  • This field is for validation purposes and should be left unchanged.

 

What we talk about in today’s episode… 

 

And of course… Additional Helpful Resources on COVID-19

National Update: Click here

State Update:

 

 

 

 

 

UPDATE: Shocker Revoked!! Why property owners can rest a little easier in QLD now?

What a difference a couple of days makes, huh?!! 

Back on the couch is Antonia MercorellaCEO of REIQ… with some GREAT NEWS!!!! 

In light of last week’s episode, the Queensland Government has reached out to The Real Estate Insitute of Queensland (REIQ) to collaborate on a package that ensures protection for EVERYONE… ie. tenants AND landlords!! 

Antonia will fill you in on all the amendments to the proposed Rental Relief Package, what this means for landlords and tenants, and exactly HOW the reversal of this initial “Shocker” of a policy came about! 

 You can learn more about QLD Rental Relief Package here: https://www.covid19.qld.gov.au/the-hub

 

The amendments to the proposed Rental Relief Package include: 

  • Rent payments and unpaid rent: Property owners and tenants can now agree on the terms of reduced rent and deferred repayment requirements. 
  • Financial hardship requirements: The combined income of tenant/s must have reduced by more than 25% as a direct result of COVID-19 or where the rent amount exceeds 30% of income/s and tenant/s cannot afford to pay the rent. 
  • Substantiation of financial hardship: Tenants must provide the same level of proof of income as is required at the start of the tenancy to seek a rent reduction. 
  • Entry requirements: The Government will provide clear guidance to ensure access for essential repairs and maintenance, the sale of a property and virtual inspections. 
  • Break lease: To qualify for the Government’s break lease provisions, tenant/s must be in severe financial hardship which is defined as a 75% reduction in combined tenant/s income and have less than $5,000 in savings. 
  • Extension of a tenancy: A fixed term tenancy will be automatically extended to 30 September 2020 unless agreed otherwise. 

 You can learn more about QLD Rental Relief Package here: https://www.covid19.qld.gov.au/the-hub

 

Free Resources

 

What we Cover in Today’s Episode

 

 

And of course… Additional Helpful Resources on COVID-19

National Update: Click here

State Update:

And One Final Word…

If you’re worried about your finances or if you have no clarity on your cash flow position, we strongly recommend you to organise your finances now. It’s more important than ever to have a clear view, down to the exact cent, on how much you’re spending each month and how much surplus you’ve got. If you don’t know it, then log in to your Money SMARTS Platform here and update the numbers.

Don’t have an account yet? Create your free access below and we’ll also send you an e-copy of the instruction manual which is also our best-seller book, Make Money Simple Again. Just fill in the form below and we’ll email it to you right away.

 

 

 

282 | “I Was Fired Every Week”… And Now She’s The President Of The Largest Property Market In Australia – Chat with Leanne Pilkington, President of REINSW

Leanne Pilkington is no stranger to real estate. When she first started in the property industry almost four decades ago, things looked a bit different from what they do now…

For one, she was literally fired from her job every Friday afternoon! And now? Well, today’s guest is the PRESIDENT of Real Estate Institute of New South Wales (REINSW) — the largest and most influential association of real estate professionals in the country’s biggest property market!

Sure, Leanne Pilkinton is one of the most respected and sought-after commentators in real estate and a strong advocate for women in the profession, lobbying for improved education and training across the entire industry… but she’s also the Managing Director of leading NSW boutique real estate group Laing+Simmons.

And she knows the market inside and out!

Obviously, with everything COVID-19 going on, it’s safe to say that Leanne is VERY MUCH in the trenches, lobbying the government and looking at new ways the real estate industry can adapt to this climate while also being really honest about the fact that quickly formed legislation can have a disastrous impact on real estate agents, property managers and landlords.

This is a passionate and knowledge-sponge of an episode, folks!!

 

The Free Stuff

 

What’s Covered in Today’s Episode

  • Okay, what’s the deal with Leanne getting fired EVERY week?
  • What did the pathway to REINSW look like?
  • What’s it really like being in “the boys club”… and how can women in real estate navigate the industry?
  • What makes for a great selling agent?
  • What makes for a great property manager?
  • What’s the best way a buyer can get a fair price on property?
  • How should property investors deal with real estate agents?
  • Should you tell a real estate agent your budget?!
  • Real Estate 101 – The Two Ways A Real Estate Agent Gets Paid
  • What will happen to industry professionals during COVID-19?
  • What’s REINSW currently lobbying the government for?
  • Are there alternatives to paying stamp duty?
  • What’s happened in NSW’s property market since the coronavirus?
  • Is Leanne personally investing in property right now?
  • What should you expect from your tenant during COVID-19?
  • How to recognise “opportunist tenants” from tenants in genuine hardship
  • The Sydney Property Market: Pre-, During, and Post- COVID-19
  • When will Open for Inspections and public auctions kick off again?
  • What’s going to happen to the property market in September?
  • What’s the real concern in VIC and QLD right now?

 

 

And of course… Additional Helpful Resources on COVID-19

National Update: Click here

State Update:

And One Final Word…

If you’re worried about your finances or if you have no clarity on your cash flow position, we strongly recommend you to organise your finances now. It’s more important than ever to have a clear view, down to the exact cent, on how much you’re spending each month and how much surplus you’ve got. If you don’t know it, then log in to your Money SMARTS Platform here and update the numbers.

Don’t have an account yet? Create your free access below and we’ll also send you an e-copy of the instruction manual which is also our best-seller book, Make Money Simple Again. Just fill in the form below and we’ll email it to you right away.

 

 

 

281 | Why The Easter Break Almost Ended in Disaster for Property Owners… and How it Was Avoided – Chat with Leah Calnan, President of REIV

Yes, we’ve got TWO back-to-back episodes this week! ‘Cos let’s face it… there’s been A LOT that has disturbed the property industry over the week!

Case in point: Easter.

Oh, Easter. The break that had a lot of us biting our nails, not biting into chocolate eggs… and a lot of folks didn’t even KNOW it almost ended in disaster for property owners!

Thankfully, common sense prevailed – and today’s guest had a great deal to do with bringing that levelheadedness back to the table.

Joining us today is none other than Leah Calnan, President of the Real Estate Institute of Victoria (REIV), the peak body of real estate down here in VIC.

And she has a wealth of experience to bring to the discussion – not only has she got over 24 years’ experience in property management… and is the Director of Metro Property Management & Metro Property Sales… but also, she’s recently taken over as President of REIV (back in October last year) after being on their Board of Directors since 2014.

So, when some crazy policy was announced regarding Victoria’s COVID-19 Rent Relief Package… well, let’s just say Leah spent her Easter break fighting hard for all of us….

 

Free Resources Mentioned

 

What we cover in this episode…

  • What went down during the Easter Break (abbuur!)
  • What was outlined in the Rent Relief Package that almost ended in disaster for property owners?
  • How did Leah and REIV get the Victorian Government to change their policy?
  • How well is Victoria placed in the property market? (pre- and post- COVID-19)
  • The challenges with tenants and landlords during COVID-19
  • What are the processing applications for property managers like now?
  • Has the Job Seeker and Job Keeper payments helped keep to bring stability back to the market?
  • How much does the Victorian real estate industry contribute to the total income of the State?
  • Rent relief, reductions, evictions and deferred payments: What landlords need to know
  • What are tenants currently asking their property manager for?
  • What do tenants need to provide to show evidence of COVID-19 hardship?
  • Who is MOST vulnerable in all this?
  • The land tax levels that are being paid

 

 

And of course… Additional Helpful Resources on COVID-19

National Update: Click here

State Update:

And One Final Word…

If you’re worried about your finances or if you have no clarity on your cash flow position, we strongly recommend you to organise your finances now. It’s more important than ever to have a clear view, down to the exact cent, on how much you’re spending each month and how much surplus you’ve got. If you don’t know it, then log in to your Money SMARTS Platform here and update the numbers.

Don’t have an account yet? Create your free access below and we’ll also send you an e-copy of the instruction manual which is also our best-seller book, Make Money Simple Again. Just fill in the form below and we’ll email it to you right away.

 

 

 

280 | QLD Govt Shocker: Why the Renter Protection Package doesn’t protect everyone!… Chat with Antonia Mercorella

There’s no doubt governments are “regulating on the run” with the current crisis on our hands. Coronavirus demands quick action… but, wow, the Queensland Government’s new “Renter Protection Package” is a SHOCKER.

What’s being proposed is, ahh, let’s just say, out of step with the rest of the country and, quite frankly, seems to ignore the COVID-19 stimulus package already on offer… and leaves us landlords particularly vulnerable, especially if we have a property up in the sunny state. And we CAN’T HAVE this shocking, poorly formed policy to seep across the borders and infiltrate into other states… because it would end badly.

Here to talk about these proposed amendments to the tenancy legislation (and why they’re slanted very much in favour of the tenant and can potentially damage the property industry… aka, a complete shocker!) is Antonia Mercorella, CEO of the Real Estate Institute of Queensland (REIQ).

To give you an idea folks – REIQ is Queensland’s peak body in real estate, and Antonia, as well as being a solicitor, has over 16 years’ experience in the real estate and property sectors! And once you hear her passion and unshakable knowledge about her craft, you’ll quickly know why she’s been identified as one of the 20 most influential people in Queensland real estate!

And, of course, you’ll hear EXACTLY what the QLD Government has proposed in their new “Renter Protection Package” and why it’s a total doozy!!

 

Be Heard Before 22 April 2020 — EVERYONE MATTERS

CLICK HERE To Support REIQ BEFORE These Proposed Changes Are In (it literally takes 1 minute folks!)

 

Free Resources

 

What we Cover in Today’s Episode

 

 

And of course… Additional Helpful Resources on COVID-19

National Update: Click here

State Update:

And One Final Word…

If you’re worried about your finances or if you have no clarity on your cash flow position, we strongly recommend you to organise your finances now. It’s more important than ever to have a clear view, down to the exact cent, on how much you’re spending each month and how much surplus you’ve got. If you don’t know it, then log in to your Money SMARTS Platform here and update the numbers.

Don’t have an account yet? Create your free access below and we’ll also send you an e-copy of the instruction manual which is also our best-seller book, Make Money Simple Again. Just fill in the form below and we’ll email it to you right away.

 

 

 

Instagram

Free Resources

What to be notified when there are
new updates & free resources?

  • This field is for validation purposes and should be left unchanged.

×

MONEY SMARTS SYSTEM

Plus We Will Also Notify You When We Release New Episodes

We Only Send You Awesome Stuff

×

SUGGEST A GUEST!

We Only Send You Awesome Stuff

×