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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 😮  

 

505 | Short-Term Rentals: The Complete Guide to 3X your Income – Chat with Hayley Mitchell

Investing in Short-Term Rentals: Why and how much does it really cost to succeed?   

In this week’s episode, we welcome back Hayley Mitchell, an award-winning full licensed Real Estate Agent who has worked across ALL facets of Property Management since 1999, including owning her own businesses!  

She has won several prestigious awards, including REIV’s Property Manager of the Year twice, and has been named Elite Agent’s Top 50 Industry Influencers in 2017, 2018, 2019 & 2022.  

After appearing on the couch way back in 2021, she’s returning to share her sharp insights and tried-and-true experiences in succeeding at short-term rentals.    

Here’s a sneak peek of what we’re uncovering…  

  • The 2 factors to determine if short-term rentals are for you    
  • A complete breakdown of the costs required to start up a short-term rental
  • The NEWEST changes to regulations that impact investors who use the short-term rental strategy 
  • Is there a location “sweet spot” for short-term rentals?
  • Real-life case studies on how different short-term property investors found their success, and more!  

 

Free Stuff Mentioned

  • Give property investors a voice! Become a PICA member for just $5 and help give property investors across Australia a voice against unjust changes to state regulations.  
  • PIPA Annual Investor Sentiment Survey 2024: We want to hear your thoughts on government regulation and tenancy relationships in PIPA’s annual survey!  This data is critical to accurately representing the views of property investors and protecting them in ongoing legislative changes. We just need 3,000 responses, folks. Share your thoughts here now! 

 

Timestamps

  • 0:00 – Short-Term Rentals: The Complete Guide to 3X your Income – Chat with Hayley Mitchell  
  • 2:46 –  Mindset Minute: The #1 secret that separates winners and losers  
  • 5:00 – Welcome Hayley!  
  • 5:53 – 20 years in the game: Why short-term rentals?  
  • 7:56 – Money Story: How a horse saddle taught her an invaluable money lesson  
  • 14:23 – Accidental accumulation and her first property  
  • 16:05 – Why choose short-term rentals?  
  • 17:44 – A $38G land tax bill: When should an investor walk away from short-term rentals?  
  • 20:43 – The most asked short-term rental questions  
  • 23:00 – How much upfront capital does it take to furnish a short-term rental?  
  • 26:11 – When can investors start to expect to see a return? 
  • 27:21 – The golden rule of thumb for platform fees  
  • 28:30 – The big problem with Victoria’s incoming 7.5% levy tax  
  • 30:39 – Do people really take the forks?!  
  • 32:34 – How much does insurance cost?  
  • 33:21 – Professional vs. Private hosts  
  • 35:00 – The Hidden Tax: How much do Property Managers cost?  
  • 39:19 – “A good manager should pay for themselves” 
  • 39:59 – The sweet spot for short-term rentals  
  • 44:07 – How do you make your short-term rental stand out?  
  • 46:16 – How can property investors stay on top of regulation changes  
  • 49:55 – An 89-day stay?! 😮  
  • 51:26 – Are short-term rentals adding to the housing affordability crisis?!    
  • 53:08 – The carrot vs. the stick approach  
  • 56:21 – Best & worst results from an industry-winning property manager 
  • 1:01:28 – How to understand short-term supply and demand  

And… 

  • 1:02:27 – What an amazing guest!  
  • 1:04:58 – Lifehack: Packing Cubes: Yay or Nay?  
  • 1:07:53 – WMPN: NSW’s No Grounds Evictions  
  • 1:12:09 – Become a PICA member for just $5 and help us give property investors a voice!  
  • 1:13:00 – Share your thoughts in PIPA’s Annual Investor Sentiment Survey 2024 
  • 1:17:10 – Thank you, Tom!  

 

405 | Why the Great Australian Renter’s Tax is Everyone’s Problem!?

Note: This recording was produced before Queensland’s Land Tax was scrapped.

Folks — full disclosure — today’s episode was NOT originally in the plan.

It is, however, an issue that is so insanely important that we switched things up…

Today you won’t be listening to Bryce & Ben of The Property Couch.

Today you’ll be listening to Bryce interviewing Ben Kingsley as the Chair of the Property Investment Professionals of Australia (PICA) on Australia’s greatest renter’s tax ever introduced.

We’re talking about Queensland’s New Land Tax.  

Here’s the deal…we’ll be examining what this means for renters and property owners across Australia, the repercussions yet to come and covering what is at stake for Queensland’s future.   

As Ben says, “there are no winners here.”   

At the heart of today’s show is the issue of government intervention and the rising rents left in its wake…   

We’re breaking down who the Australian Prudential Regulation Authority (APRA) are and taking a frank look at the unintended consequences that many of its reforms have had over the past decade. 

 

Strap in folks, this is an important episode that affects us all.   

 

P.S. And if you find this as disturbing as we do, you can make a positive change.  

The Property Investment Professionals of Australia (PIPA) is currently running its 2022 Sentiment Survey which allows everyday folks to have their thoughts heard on issues such as Queensland’s Land Tax.  

By having this data, organisations such as PIPA have the numbers to fight against tax reforms for the everyday mum and dad investors. Click here to fill out the survey now.  

 

Free Stuff Mentioned… 

 

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

 

Here’s some of the gold we cover… 

  • 0:00 – What’s in store today?  
  • 3:33 – Time is running out! Have your say in PIPA’s 2022 Sentiment Survey now.  
  • 5:02 – It’s more important to START folks  
  • 7:33 – Who is PIPA?  
  • 8:20 – The media’s depiction of Property Investors: Is there any merit?  
  • 11:55 – Who are the 3 types of renters??  
  • 17:04 – THIS is the largest group of renters in Australia… 
  • 17:48 – Our 2 Key Observations (Beware the Struggling Tenant Story!)  
  • 18:10 – Why Gov. Intervention = Rising Rents!!  
  • 21:19 – APRA’s 2017, 2019 & 2021 reforms  
  • 23:09 – And their unintended Consequences!  
  • 25:12 – Folks, rents have just caught up with inflation… 
  • 26:40 – This is a win for the big banks  
  • 28:20 – The Rental Crisis: These have contributed to what we’re seeing today….   
  • 30:47 – Tenancy Reforms: Where has it been introduced already?  
  • 32:51 – Regulations affect the ___ properties the most!  
  • 35:00 – Why Tenancy and Landlord Disputes aren’t what you think… 
  • 37:30 – REIWA’s 2022 Report: What are these regulations really costing? 
  • 40:09 – Ben’s big message to tenants and renters  
  • 41:05 – THIS is what happens if investors hold or fold…  
  • 41:39 – Meanwhile in the ACT: 11% of ACT’s rental stock gone in 6 months?!?  
  • 44:10 – What most folks forget about property investors  
  • 48:15 – In Summary…  
  • 49:08 – Land Tax 101 
  • 54:14 – What is Queensland’s Great Renter’s Tax?? 
  • 57:46 – What does this mean for property owners and renters today?  
  • 1:03:16 – We analysed 102 portfolios… 
  • 1:05:45 – What is at risk for Queensland in the big picture?  
  • 1:09:46 – Why this is EVERYONE’S problem (There are NO winners folks!!)
  • 1:17:50 – What can you do to make a positive change?  

And… 

  • 1:20:18 – Are you bringing global or local benefit?   

 

378 | The voice behind “The Female Investor”! – Chat with Nicola McDougall

Did you know that 1 in 3 Australian women retire with no super? Or that women are twice as likely as men to sell their house and move to lower-cost accommodation because of tight financial circumstances during retirement?

That’s a SHOCKING fact folks.  And joining us to deep dive into this complex topic is none other than Nicola McDougall: Chair of the Property Investment Professionals of Australia (PIPA), Director of Bricks & Mortar media, award-winning journalist and editor, and co-author of the newly released book: “The Female Investor: Creating Wealth, Security, and Freedom through Property”!!

(Talk about talented right?! Not to mention she’s our good friend from way back.)

Today we deep dive into Nicola’s history from journalist to property investor, her work with PIPA, what she hopes to achieve with her new book, and WHY women need to gain greater financial independence!!

You’ll also get to learn Nicola’s TOP 5 tips for financial empowerment…

  1. Prioritise your _______
  2. Learn about strategic _________
  3. Focus on the ____, not the ___!
  4. Understand there is no _______ approach
  5. Work with _____

 

And be sure to stick around to the end to hear the lifehack that applies to both dealing with anxiety and … property investing?!

We also slip in a special discount towards the end folks! 😉

 

Free Stuff Mentioned

 

Here’s what we cover…

  • 3:20 – Hayden Linggood, Cactus Clan, Asdfgyrfcjdxfuvsuhdu, Lifestyle by design, luke miller, Gazzab32, propertybeginner, Ryan Daniel Fuller, amasum – Contact us for a FREE “Start & Build” course – Cheers for leaving us a review!
  • 9:01 – Why you need BOTH the Audiobook and PDF of our FREE eBook “The Armchair Guide to Property Investing
  • 11:50 – One of Bryce’s favourite Robert Kiyosaki quotes!
  • 13:05 – What does “Risk is a measure of knowledge, not a measure of investment” mean?
  • 14:33 – Meet Nicola!
  • 15:38 – So…how does Ben, Nicola and the PIPA all tie together??
  • 18:20 – The rise of PIPA and its plans for 2022
  • 21:16 – How regulated property advice can affect YOU and your business
  • 23:38 – This is WHY PIPA does what it does!
  • 24:55 – Nicola hopes THIS will become the benchmark in the property industry
  • 29:13 – Consumers can now check THIS on the PIPA website!!
  • 30:37 – A family dynamic of openness: A peek into Nicola’s history
  • 34:00 – How Nicola went from global nomad to successful journalist
  • 36:59 – The FIRST property Nicola bought
  • 39:16 – Who Nicola’s property portfolio mentors were!
  • 41:07 – Nicola’s written over HOW many words about property?!?
  • 42:06 – THIS was Nicola’s inspiration for “The Female Investor
  • 44:15 – Why women need to prioritise financial independence
  • 46:13 – Nicola’s dream for the future
  • 48:30 – Nicola’s TOP 5 tips for financial empowerment
  • 58:10 – Will THIS problem be addressed by today’s generation of female investors?
  • 1:01:54 – What does the female pay gap look like in 2022?
  • 1:03:35 – A special discount for listeners! (Valid until the 28 Feb 2022!)
  • 1:06:57 – Nicola’s lifehack for EVERYTHING from mental health to property health!
  • 1:10:05 – “You can’t be what you can’t see”: Normalising anxiety

And…

  • 1:16:29 – These 3 cities now have a median house price of OVER 1M!

 

 

247 | How to Invest in Property When You’re Busy Raising a Family, Holding Down a Career, Have No Time or Are An Investor Already

No time? But still want to invest in property? Keen to find out what strategic step you should take next?

Attention! Busy folks and experienced investors…

Yes, that’s you lot down there at the back who are raising a family, holding down a career, investing in property already AND/OR simply have a lot on the go….

This is YOUR episode!

Today is PART 2 of our tips and tailored Q&A session for each investor demographic, and today we’re tackling…

  1. Busy folks
  2. Experienced investors

So, if you’re curious to learn how to invest in property WITHOUT sacrificing your life, lifestyle or livelihood…or you wanna hear how to review your current portfolio, or what to do when you’ve ALREADY got one or two investment properties under your belt…then you’ve come to the right place!!!

Today we’re answering the common questions folks in either/both of these demographics ask us, so that you’ll be educated, efficient AND effective at building out your property portfolio.

 

Your Free Reports Tailored to This Episode:


















 



 

Other Resources Mentioned on the Show:

 

So…THE QUESTIONS — 

For Busy Couples and Families:

  • Q1: How do we afford to invest in property when we’re busy raising a family and still keep money for holidays, schooling, being home and other important lifestyle needs?
  • Q2: How much does it really cost and how long will it take to build a stress-free property portfolio that we can live off?
  • Q3: Is passive income through property a possibility or a pipe dream? Will we really have enough to retire comfortably?
  • Q4: Who can we trust to set us on the right path?
  • Q5: What’s happening with property now? Where are we in the property cycle and what locations should we invest in?
  • Q6: What type of properties should we be looking at if we are in this particular demographic?
  • Q7: What’s the best loan structure and strategy for my situation before I’m in this particular demographic?
  • Q8: When should we buy the next one? After the kids are in high school?
  • Q9: How can we find the best way to get started at this stage of our life?

 

For Experienced Property Investors:

  • Q1: Is your current portfolio correctly structured for optimal growth and will new property strategies actually work for you?
  • Q2: How many do I actually need?
  • Q3: How do I review my portfolio?
  • Q4: How can you grow your portfolio quickly without risking all you’ve worked so hard to achieve?
  • Q5: How can you invest in property when you’re nearing retirement and concerned about conserving your current nest egg?
  • Q6: What’s the truth about self-managed super funds? Should you have one? Is it set up for ultimate performance and is your current structure in danger of non-compliance?
  • Q7: How do I diversify my portfolio?

 

Today’s Links…

Here are the list of resources that were mentioned today:

 

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