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Episode 274 | Coronavirus Special: Keep calm and carry on!

With the Coronavirus outbreak spreading across the globe and impacting the economy, it begs the question… Is buying property right now still a good idea?

Well, without giving away today’s episode, the message we want to put out there is this… Keep Calm and Carry On.

Because when wide-spread contagions like the Coronavirus break out, they snowball into something else that’s also highly contagious… irrational human behaviour. So, our intention with this special episode is to separate facts from fiction so we stay informed about what’s really going on here without exasperating the issue until we have a crisis of confidence on our hands.

While we’re 100% NOT health experts, we’ve taken some very useful snippets from a recent ABC’s 7.30pm program, so you can hear from those who are experts on infectious diseases. They will give you a clear look at the Coronavirus, explaining in detail how it’s spread, who’s most at risk, what you can do to protect yourself and – perhaps most importantly – give you a realistic look at the numbers.

We have a few tidbits to add on the property side, incl. the Coronavirus’s potential impact on property prices and who should be mindful of taking out a home loan during this time.

Basically, for the majority of folk, it will be this… go full steam ahead. Don’t stop what you’re doing. Don’t be irrational. Just keep calm and carry on…

(And for goodness sake, don’t hoard the toilet paper… it only exasperates the issue! 🧻🧻🧻 )

Psst… in case you’re wondering, we’re talking about our epic New Framework NEXT WEEK!!! (Today’s episode just couldn’t wait 😉)

 

Free Resources Mentioned

 

Last week’s Freebie

Yup, we’ve curated all the frameworks mentioned last week and threw in all the links to the episodes and videos! Just fill in the form below and we’ll email the list… and heaps more!

Free resources: Top 5 Framework

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Key Learnings…

 

 

 

 

RBA March 2020 – The Coronavirus Spreads Right Across The Economy

It’s the first Tuesday of the month which means the RBA Board has met and announced the official cash rate! And to no surprise, they’ve decided to cut it by 25 basis points to 0.5%. Now, this commentary features Ben’s update on the cash rate as well as the biggest impact on the data this month…

“COVID-19”, aka… The Coronavirus!

As you’re probably aware, the coronavirus has NOT slowed… in fact, it’s definitely leaving its mark on the economy… globally, as well as here in Australia. To give you an idea… last week alone, six trillion dollars was wiped off the world’s stock markets! Six trillion. So, what are we in for?

  • COVID-19 and it’s impact on the global and domestic economy
  • How is it affecting the demand side of our travel, tourism and educational sector
  • Updates on the countermeasures taken by the United States Fed Reserve
  • Movement in the Australian Dollar
  • Unemployment rate data and how’s our wage growth performing

 

 

 

DISCLAIMER: This podcast is general information only and is an opinion comment by Ben Kingsley. The information contained in this video is for Australian residents only. The information does not take into account the particular investment objectives or financial situation of any potential viewer. It does not constitute, and should not be relied on as, financial or investment advice or recommendations (expressed or implied) and it should not be used as an invitation to take up any investments or investment services. No investment decision or activity should be undertaken on the basis of this information without first seeking qualified and professional advice.

The Property Couch, its employees or contractors do not represent or guarantee that the information is accurate or free from errors or omissions and therefore provide no warranties or guarantees. The Property Couch disclaims any and all duty of care in relation to the information and liability for any reliance on investment decisions, claiming the use or guidance of this publication or information contained within it.

For more information, please visit: http://thepropertycouch.com.au

Episode 273 | Calling out the Bad Guys – How we Found our Voice & Our Top 5 Frameworks to Defend Against Bad Advice

The property industry is unregulated. What this means is that there are more than a few Bad Guys – and not just the sharks in white shoes – out there who slither under the radar and sell dodgy advice that, quite frankly, moves their wealth position and not yours.

This is what keeps us up at night. This is what keeps us showing up every Thursday. This is what started this podcast in the first place. And if you’ve been with us for a while, you’ll already know that The Property Couch is “the people’s podcast” – we’re on a crusade to even the playing field between sly property spruikers and everyday folks who simply want to move the dial on their financial position and create a better life for themselves.

So today – to mark our FIFTH BIRTHDAY! – we’re going out on a limb and doing something a bit different…

Here’s the deal… there’s no doubt that there IS bad advice out there. We wish it wasn’t that way, but it is. There’s no use running from reality.

So in this episode we’re actually diving deep on some experiences we’ve never spoken about before. We’re going to give you a look into what life was like for us BEFORE we started The Property Couch and what pushed us over the edge to start educating folks about how this industry really operates. You’ll get the backstory into how we found our voice, what we did to make sure people heard us and why we care so much about all this property, finance and money management stuff in the first place!

And because our folks have kindly given us the airtime and a reason to show up for the last five years — a quick shout out to ALL of you and a HUGE thank you for your titan-strength support over the years – we’re going to unpack what we’ve learnt from doing the podcast itself… and how all this affects the guests we handpick, the topics we cover and, most importantly, the FRAMEWORKS we share with you! We’re leaving no stone unturned…  and – word of warning! – we’re ripping through this one as we are covering A LOT in this bowel-over ep!! (Ben actually reckoned this one would go for 2 hours if we didn’t get a wriggle on!)

 

Our Five-Year Birthday Episode ALSO includes…

  • Our Top 5 Frameworks to Defend Against Bad Advice
  • Our Top 5 Favourite Episodes… Of All Time!!
  • Our Top 5 Favourite Guests… (Tricky, but we did it!)

 

The Freebies Mentioned…

The most important freebie is probably the Top Five Frameworks for Property Investors! And we’ve compiled them all for you! Just fill in the form below and we’ll email the list… and heaps more!

Free resources: Top 5 Framework

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Key Learnings…

04:33 – Bryce’s reasons for wanting to start The Property Couch

06:20 – Ben’s spark…

10:29 – How is property education like the Keto Diet?

13:03 – Why “7 properties in 7 years” is

14:20  – The Debt Servicing Debt Strategy

18:50 – What was the first course Ben decided was worth purchasing?

23:56 – How our Wealth Simulator came into existence…

27:35 – When and Why did Ben reach out to Bryce all those years ago?

30:42 – The Five-Step Process to Property Investing

35:40 – The lessons from the podcast

46:08 – Bryce’s Top Five Favourite Frameworks!!

48:02 – Four Critical Levers to Financial Peace

48:25 – Ben’s Top Five Favourite Frameworks!

51:35 – How do we decide on our guestsv?

51:40 – Bryce’s Top 5 Favourite Guests!

56:06 – Ben’s Top Five Favourite Guests!

57:38 – Honourable mentions – Bryce’s Top 5 Favourite Episodes

58:41 – Ben’s Top Five Favourite Episodes!

1:01:54 – The Most Downloaded Episodes of all time

1:03:24 – Our mistakes…

1:05:36 – NEW FRAMEWORK announcement…!!!!!

 

P.S. Tell us your Top 5 Favourite Money Hacks, Mindset Minute, Did You Know & International Sign Off!!

Let us know here or post a comment on our Facebook Page 😊

 

 

 

 

Episode 272 | Q & A: The Unspoken Truth About Growth Corridors & Picking The Right Property Investment Strategy

How many times have you heard something along these lines…?

“This suburb’s a growth corridor…”

“There’s heaps of development happening here… it’s the next growth corridor.”

“With all the new public transport networks, job opportunities and shops coming in, this place is absolutely a growth corridor… full of investment potential.”

With all this buzzword talk, it’s would appear that all us property investors need to do is hunt down the next “growth corridor”, invest in it before it really kicks off, and then sit pretty for the rest of our lives …

BUT. Folks, there is a massive problem with this! An unspoken truth about growth corridors that trips up a lot of investors out there. Sure, some “growth corridors” might indeed grow in value, but there is a huge misconception out there that we want to clear up today.

So, in our first Q&A of 2020, we’re diving deep on this unspoken truth and we’re also going to answer your questions about how to pick the right investment strategy… ‘cos guess what? While a whole lot of you folks know the fundamentals of property investing, you don’t necessarily know how to apply these to your own situation and goals!

 

Here’s a 30,000-foot view of what we’ll cover … 🚀

 

Resources Mentioned

 

The Questions

03:26 – Question from Jack on Bris vs Melb and differing opinions:

Hi there guys, first up I just want to stay that I’ve just tuned into your podcast and I’m absolutely loving it! I’m going to be buying a couple of your books too they seem to have a lot of great reviews and, yeah, I’m really excited to read them.

Fellas, I’m looking at starting my property investment journey in December 2020. Now, I’m following a couple of investors – one guy’s currently investing up in Brisbane. And this other guy I follow as well stays purely local, mainly Melbourne. He’s explained to me about the growth corridors – how they’re not really growth corridors – Packenham, Windenvale, Tarneit. I’ve gone and had a look and they don’t average as much as I thought they would. Nice places, but yeah. I can’t afford to invest in Melbourne itself and the different to the two is – the one up on Brisbane is getting people starting up around the $500 mark. And the other guy who invests only in Victoria says start out somewhere like Bendigo or Ballarat. He doesn’t think Geelong’s got good growth. Yeah, I’m hesitant to go to Bendigo and Ballarat as they are inland, but I’m hesitant that my judgement’s being clouded. I’ve always grown up in coastal places – always lived near the coast and love the coast. If you guys could give me your opinion that would be fantastic

 

13:18 – Question from Nick on Investing as an Expat:

Hi Bryce and Ben, my name is Nick. I’m calling all the way from Switzerland, although originally from the northern beaches in Sydney. My wife and I are both from the northern beaches, but we have been working here in Europe for the past 3 years and we are looking to buy our first property back in Australia. We’re keeping an open mind and looking all over the country – so not necessarily in Sydney.

We have a general question about what type of strategy we should be looking for being non-residents for tax purposes but Australian nationals, taking into account we can’t take advantage of first home owners grants, or negative gearing as we have no income back in Australia. Originally, we were considering purchasing an apartment with potentially 5-6% rental yield with the idea of having a high yielding property so one that can be potentially positively geared. What are your thoughts on this?

 

20:03 – Question from Nikii on upgrading PPOR now or later based on economic forecast:

Hi it’s currently June 27 2019, currently my husband and I purchased a 3 bed 2.5 bathroom 2 garage, 243sq townhouse, freehold in prime real estate in Hawthorne, Brisbane. We have been provided by market experts that we could get $830 – $850K  from the sale of our property. We’re currently wanting to upgrade to live in a better area. Would we be best with the economic forecast over the next couple of years to keep that property as an IP before upgrading to a property just in the very low millions.

 

26:03 – Question from Craig on selling a property at a loss or wait to recoup loses:

Good afternoon The Property Couch, my name’s Craig and I have a question. My partner and I currently own 3 investment properties between us. 2 of these properties are performing quite well, in terms of growth and low upkeep. The third investment property in Darwin was originally bought as a PPOR and is not performing well as an IP. The market is at the 32% downturn and is unlikely to recover any time soon. My question is… Should we continue selling the Darwin property at a loss and still walk away with about $30,000 to reinvest into a new or existing investment OR should we hang onto this investment long term with the intent of recuperating our losses, even though this property costs us about $8K a year? Thank you for your time.

 

31:40 – Question from Scott on what to do with money in the bank:

Hi guys, Scott* here, I’ve been on board following the podcast at April 2015 and have loved the journey. Almost five years in and I thought it was finally time to hit you guys up for some advice!

My wife Teresa* and I live in regional WA with our two kids aged 7 and 9. Both of us work full time for a state government department and we currently earn $270k gross per year combined. We own two properties in our hometown Perth. Our first home in Bibra Lake (shout out to Bryce!) which is valued at 430k with 350k owing. Our other property is a 1940s weatherboard cottage 5kms from the city with owner-occupier appeal, valued at 630k with 500k owing. So our total LVR is about 80%. Both loans are interest only and both properties have reliable tenants in them, paying $350 and $410 a week respectively.

We aren’t big spenders, and have no personal, car or HELP loans. Due to this, and the fact that our employer has heavily subsidised our rent whilst we’ve lived regionally, we’ve quietly amassed savings of $320k which currently sit in an offset account. We intend on staying in the bush for at least another 2 years before heading back to the big smoke, and in this we anticipate the $320k we have will grow by $75k each year in which we don’t do anything with it. However, I’m sensing there’s a huge opportunity cost here if we leave things any longer! Any advice as to what our next move should be would be very much appreciated. Keep up the stellar work.

 

39:30 – Question from David on Subdividing Parent’s Land:

Hey Ben and Bryce, Really been enjoying the podcast. I’ve got a bit of a unique question. At the moment I live with my parents and I am in my mid-20s, and I’m looking to subdivide a bit of their land as housing pricing are a bit too expensive for a single income. I was wondering if I classify for the First Home Buyers Grant if I build on their land and whether the actual certificate of title transfer needs to come onto my name, or can it remain in their name? Cheers, David.

 

Quote of the Episode

“An informed investor is a smart investor.”

 

Last Week’s Download:

Keen to find out how the state capitals recovered from their previous trough and the current outperformers? Looking for the data they chat of on the show? Just fill in the form below and we’ll send it to you right away.

Free resources: States Capitals Feb 2020

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Free report: State Capitals Outlook 2020

Keen to find out how the state capitals recovered from their previous trough and the current outperformers? You’re in the right spot! Just fill in the form below and we’ll send it to you right away.

Free resources: States Capitals Feb 2020

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Bryce and Ben have unpacked this report in detail in Episode 271 but it is quite hard to visualise it on audio. So we’ve created this report as well as the definition for the terms used.

We’ve also included the hot pockets that Jeremy Sheppard listed in the episode. Hot pockets are clusters of suburbs either neighbouring one another or in close proximity where demand exceeds supply in all of them. Heat in an “isolated” suburb (i.e. not in a cluster) may dissipate into its neighbours, diluting growth. But a cluster means buyers have fewer options. They can’t turn their attention to a cooler market unless they look much further afield. This makes clusters a good choice for investors to start their research.

 

 

 

 

 

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