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Episode 390 | Will Interest Rates CRASH the Property Market?!

With all the buzz around interest rate hikes and inflation, potential market crashes and unpayable mortgage debt, we’ve heard a couple of people feeling anxious about the future… 

We want you to stop. 

Take a step back.  

Breathe. 

And listen to this podcast cos’ we’re not only answering the Q: “Will Interest Rates crash the Property Market?!”, but we’re giving you 7 REASONS why we believe in our answer! (With cold hard numbers to back it up!)   

Can you guess them below!  

  1. S__ E_____   
  2. H____ supply  
  3. I________ 
  4. M_____ Stress Story  
  5. R____ undersupply  
  6. H____ B_____ (This one is often overlooked!)  
  7. H_______!  

 PLUS, we’re diving WAY deeper to cover: 

  • Is now actually a good time to invest in a property (You know, with that famous Warren Buffet quote to be “fearful when others are greedy, and greedy when others are fearful.”)  
  • Why you shouldn’t be investing if you have THIS personality… 
  • What principles should you have front of mind when consuming information about the market?? 
  • How can YOU be the voice of reason?  

Bryce also breaks down success into this ONE attainable thing…Tune in to find out what it is now!!  

P.S. If you haven’t heard…. we’ve got a SPECIAL BONUSISODE for you this week which is all about maximising your tax returns as we bring in the new tax season –  listen in now! 

 

Free Stuff Mentioned… 

  

Here’s some of the gold we cover… 

  • 1:34 – Listen to this part for a WHOLE HEAP of special Bonuses! (An email full of FREE RESOURCES?! You’ll want to hear this…)  
  • 8:53 – All success requires is s_____!  
  • 14:28 – This should be the foundation of your thinking… 
  • 18:16 – How YOU can be the voice of reason! 
  • 25:40 – Got Buyers’ Remorse? Ask yourselves these questions.  
  • 28:30 – OUR ANSWER! (Are we just Prosperity Preachers?!) 
  • 30:28 – Reason #1: S_____ E______  
  • 34:28 – Reason #2: H____ Supply  
  • 38:11 – Lets Data Dive into Reason #2!  
  • 39:18 – Reason #3: I______! aka. We NEED people!  
  • 41:25 – Reason #4: M_____ Stress Story  
  • 44:08 – Another Data Dive! (How bad is the debt?!)  
  • 52:20 – Reason #5: R____ undersupply  
  • 53:45 – Reason #6: H____ B_____ (This is a cultural one! Think “The Castle” folks…) 
  • 57:47 – Reason #7: H_______! 
  • 1:04:54 – Is now the best time to buy?! 
  • 1:07:10 – Don’t invest now if you have THIS type of personality!  
  • 1:12:50 – Give us your Interest Rate Questions!! (Click the tab on the bottom right side of the page)  

And  

  • 1:14:12 – Why Ben HARDLY types anymore (aka. Bryce’s Lifehack for today 😉 
  • 1:16:03 – A breakdown of CoreLogic’s Pain and Gain report. 

 

Episode 389 | Interest Rate Rise: What this means for YOU! – Chat with Evan Lucas

Right. Let’s get this out of the way first… 

Interest rate rises shouldn’t be scary!  

There might be some panic-inducing headlines floating around (Especially after the Reserve Bank of Australia’s announcement to raise interest rates for the first time in over a decade)  

But in reality, rising interest rates are not bad! 

To help us explain why this is true, we’ve got a NEW guest on The Property Couch… 

Meet Evan Lucas, Chief Market Strategist at InvestSmart! He is an accomplished financial markets professional who has been investing in and researching global markets for more than a decade!

Evan gained experience at several top-tier global institutions and has worked with the likes of ABN Amro, the Royal Bank of Scotland and RBSMorgans!!  

On top of debunking this idea, we’ll be uncovering… 

📈 Why the RBA has decided to lift interest rates now, 

📈 How inflation psychology actually works (plus how to flip your mindset around it!)  

📈 And of course, does this change mean you should go with a fixed or variable interest rate?!? 

(PLUS, the RBA and politics, predictions for the future, AND SO MUCH MORE!!!) 

Evan will also be sharing his money story growing up and explaining what the GREATEST ASSET you can buy with money is! 

So tune in now to cut through the noise and understand the who, what, and why behind rising interest rates!  

 

Free Stuff Mentioned… 

  

Here’s some of the gold we cover… 

  • 2:10 – Stay close to your Mortgage Brokers folks! 
  • 3:00 – Don’t get anxious…get understanding!!  
  • 4:22 – Welcome Evan Lucas!  
  • 5:30 – Evan’s journey to where he is today… 
  • 10:35 – The elephant paradigm! 🐘 
  • 15:02 – Money can buy you the greatest asset of all: T____.  
  • 26:08 – What does buying T___ look like in everyday life?  
  • 30:02 – Why is the property market so special?!?
  • 34:44 – Evan explains the reasoning behind the RBA’s cash rate hike (and what “The 3 Mandates” are!)  
  • 38:45 – How to flip your mindset folks!  
  • 45:51 – Why the rising interest rates shouldn’t be scary! (And it’s actually a…positive?!)  
  • 48:03 – How does inflation psychology work??  
  • 52:04 – How is the global economy and supply chain influencing Australia’s market?  
  • 55:15 – Breaking down Australia’s employment figures!  
  • 1:01:04 – Should folks choose fixed or variable interest rates??  
  • 1:04:51 – What we predict for the future!  
  • 1:09:39 – Will the RBA’s decision impact the Federal Government’s Election??  

And… 

  • 16:23 – Let’s recap: How to buy your time back and why rising interest rates are good!  
  • 1:20:49 – Never waste time re-opening tabs again (This one’s for you Google Chrome users!)  
  • 1:22:15 – Beware Scammers folks! Listen to this to understand how they work.  

 

RBA Cash Rate May 2022: Cash Rate to 0.35% – Find out what’s next here!

As we speed through the first half of 2022, we’re back with another announcement from the Reserve Bank of Australia!  

The RBA’s May update is not only packed with global economic news from the ongoing war in Ukraine to China’s hard lockdowns but sees the RBA raise interest rates for the first time in 11.5 years.  

Tune in now to hear Ben’s evaluation of the update and his predictions for the future!   

 

Here are our three other key themes for this month’s economic 

  • Global inflation,
  • The impacts of global interest rates, and 
  • What the RBA did today… 

Plus, Ben also includes his latest news and commentary on…

  • The World Bank and IMF cuts 2022 Growth Outlook  
  • How Russia’s invasion of Ukraine is impacting the global economy 
  • China’s COVID crisis: will they relax their policies?  
  • The macro drivers behind global inflation: How long will it last?  
  • Why the RBA has decided to hike interest rates… 
  • The US’s mixed economic report  
  • Low unemployment levels, falling consumer sentiment and the lack of wage growth data in Australia.
  • CoreLogic’s Home Value Index – May 2022 
  • And heaps more!  

 

 

 

 

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 387 | Everything you need to know about Home & Contents Insurance – Chat with Steve Mickenbecker

It’s no secret that Australia is facing an insurance crisis. 

Did you know that roughly 70-80% of all Aussies are underinsured?!  

With the constant string of natural disasters from fires to floods, the ability to choose the right personal insurance that actually covers you is becoming more and more critical!  

It might not be our sexiest topic folks, but it’s definitely super important to know!! 

But how are you supposed to know what insurance is best for you?   

Or what makes an insurance policy a good insurance policy??  

Thankfully to help us clear this muddy water we’ve got Steve Mickenbecker, financial services expert!  

As well as being part of Canstar’s Group Executive Team (aka. Australia’s Biggest Financial Comparison site!!), Steve is also Canstar’s financial commentator.

He brings more than 30 years of experience in home loans, superannuation, insurance, mortgages, banking, credit cards, investment, budgeting, money management and SO MUCH MORE!  

Basically…he’s the ultimate insurance guru!!  

And he’s here to explain… 

What the heck is Stagflation?!  

How to ensure your insurance policy appropriately covers flood damage!  

What the future for insurance policy services will be (Are we destined to forever be served by robots and AI?!)  

PLUS, Steve will deep dive into some of  Canstar’s and the Insurance Council of Australia’s Catastrophe Data. 

Listen in now folks – this one is real eye-opener! 🤯 

 

Free Stuff Mentioned 

 

Here’s some of the gold we cover… 

  • 2:02 – Money problems are actually Money H___!  
  • 3:48 – Welcome Steve Mickenbecker!!  
  • 5:37 – From ledger cards to cryptocurrency: Steve’s Money Backstory  
  • 14:36 – How Steve first got into finance!  
  • 16:21 – What the heck is Stagflation?! (And why haven’t we seen it since??)  
  • 22:13 – Why is it important to get your insurance right?   
  • 25:24 – What factors should you consider when selecting insurance? 
  • 27:44 – The underinsurance epidemic and why we’re seeing it today! 
  • 29:10 – How to CORRECTLY calculate if you’re underinsured… 
  • 35:23 – Folks, THIS is why you should read annual changes in your insurance policy!  
  • 36:36 – How to ensure your big-ticket items inside your house are actually covered!  
  • 40:20 – Steve’s rule of thumb for knowing what items you should ensure 
  • 42:05 – How to choose the best insurer for you!  
  • 47:30 – So…what actually makes a good policy?  
  • 51:15 – How much excess is juust right? 
  • 53:31 – Online vs. Human insurance service  
  • 55:45 – What sort of records should people keep for claims?  
  • 58:21 – Data dive into natural disaster coverage… 
  • 1:00:30 – The Average out of pocket costs for home and contents insurance!! (WOW!)  

And… 

 

Episode 386 | BEWARE Tax Traps! How to rebuild or repair after a natural disaster – Chat with Julia Hartman

To celebrate the beginning of the festive (tax) season, we’re welcoming back a special guest…. 

It’s the only and only…Julia Hartman!!!!  

And this week she’s sharing with us how to repair or rebuild your house if it was damaged by a natural disaster (Like a fire or flood) … 

Without paying tax through your eyeballs!!!  

She’ll cover all bases from why it’s paramount that you move back into your house as soon as it’s been fixed (trust us, it’ll save you a heck of a lot of tax…listen in to find out what we mean!) 

To what you should do if you’ve been living overseas when your property was damaged!  

But we’re not just covering that of course, Julia’s got far too much knowledge just waiting to be shared! 

We’re also looking at all the recent changes to tax rates and how you can be prepared for them this tax season… 

Plus – we unpack all things Duplex like…  

What’s the optimal way to create a battle-axe duplex (and not lose any or all of your benefits to GST or CGT!!), 

Why you should keep records of everything from lawnmower fuel to maintenance costs,  

And basically, in the wise words of Bryce, how you can “Make apple pie with apples” folks!!  

But we’ll give you a little spoiler first…before embarking on EITHER of these renovations, it’s critical that you speak to a tax advisor who specialises in property. 

We can NOT stress this enough – there are so many fine details in the process and rather than giving yourself a headache, or worse, kicking yourself later for paying unnecessary tax, it’s best to seek advice first!! 

Now that we’ve got that triple highlighted, tune in to today’s episode folks! It can seriously save you a lot of stress later down the track. 

 

Free Stuff Mentioned 

 

Here’s some of the gold we cover… 

  • 1:52 – Don’t miss the next PICA webinar with Peter Koulizos!!  
  • 2:51 – Remember to stop and smell the roses folks…  
  • 6:35 – Welcome back Juliaaaa! (She’s a LEGEND!)  
  • 8:00 – What should you do if your home or investment property was damaged by fires or floods?  
  • 11:48 – Do I need a property depreciation expert? (PLUS, listen to this part for a silver lining)  
  • 14:47 – Why you shouldn’t accept cash payouts for rebuilding!  
  • 16:34 – The importance of intention and using the principal place of residence exemption   
  • 18:20 – What happens if I choose to sell? (And tax implications) 
  • 21:55 – Use a M___ Scheme to reduce your CGT 
  • 24:28 – Case study with Julia’s client 
  • 28:57 – Living overseas? Listen to this part!  
  • 33:16 – Let’s RECAP! (Want more details? Read the FREE report in our show notes)  
  • 36:00 – Building a Duplex: What to consider when demolishing your home!  
  • 39:38 – Why having the INTENTION to use it as a duplex has a lot of upsides  
  • 42:47 – The ideal battle-axe duplex situation is… 
  • 44:10 – Julia’s advice on Buying and Demolishing vs. Renting  
  • 53:30 – Changes to the Tax Rates: Why we think you should claim your deductions NEXT financial year!  
  • 55:54 – Ben’s prediction for the future… 
  • 58:50 – Keep it simple folks, share the CGT!  

And… 

 

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