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Episode 361 | When Is It Too Late To Get Into Property?

Have you left it too late?

Has the market moved?

Are you too old to start?

With the media hyping on about how hot the property market is these days, we get that some of you might be feeling a little anxious (even frustrated!). Everywhere you go, you’d probably hear people saying, “The prices are crazy these days!”

And yes, they might be right.

So… If you’re worried that it might be a bit too late to start investing in property, then today’s episode is perfect for you.

And the best part is…

There are quite a few calculations today too!

Better get a pen and paper on standby or just reduce the playback speed on some parts 😉

Oh! Before we go ahead with the questions, just a bit of a teaser… Make sure you stay till the end cause Bryce and Ben will be sharing their early prediction on how this year’s property market will end and where will next year’s market go on the “What’s Making Property News” segment!

 

 

Free Stuff Mentioned

  • Summer Series is around the corner and we’d like to hear from you! If you’ve gone through (or even going through) a financial transformation journey, let us know. We’d love to listen to your story! Simply fill in the form below or go to  thepropertycouch.com.au/mystory
  • We are also looking for a talented copywriter/storyteller to join our team! If you’re interested, learn more here:  https://www.seek.com.au/job/54189273
  • (Podcast Series) The Armchair Guide to Property Investing! Listen on Apple or Listen on Spotify
  • (Free Book) The Armchair Guide to Property Investing – Get a copy here
  • Bonusisode with Julia Hartman! Tune in here.
  • Free Report: The Top 5 Tax Rules Every Property Investor Must Understand – Download here

 

 

The Questions We Answer

Question from Luke about Having a $700k Mortgage in Late 40s

My wife and I are at a crossroads.
We never thought owning a home was worth it until now…and I reckon we’ve missed the boat…
For years my wife and I deliberated over buying a home. We travelled for work in our 20’s so renting was easier while we were on the go… by the time we settled down to have kids one income made it almost impossible to save for a deposit.
Fast forward 15 years and we’re 46 with 2 teenage kids and still renting…
We have around $260k in super between us plus $80k in savings. We’re sick of seeing that $3k rent money disappear from our banks each month and we are scared of renting as we age further so is it worth having a $700k mortgage at our age? And if not, what is the best way for us to secure our future?

Recommended episodes for Luke

 

 

Question from John about Selling Shares to Put in an Offset Account

Hi Bryce and Ben.
Love the podcasts and I’ve been a keen listener for a couple of years now.
I’ve learnt a lot from you guys and have recently just bought my first investment property. I also have a small amount of shares invested in the market which I’ve made capital gains on.
My question is – is there any benefit, tax or otherwise, in selling my shares and putting the money in my offset account?
For example, can I reduce my capital gains tax on my shares by moving that asset into the offset account?
P.S GO GWS!

Recommended episodes for John

 

 

Question from Renee about When to Buy a PPOR?

Hey guys, I have recently found your podcast and am grateful for the wealth of knowledge you provide.
So firstly, thank you!
I have a potential podcast question. The penny has just dropped regarding what you said about obtaining negatively geared investment properties with an aim for capital growth early on, then leaning towards neutral and cash flow positive properties later on.
My question is, strategically when does buying a PPOR fit into that scheme? Should you invest, sell, buy PPOR then invest with the equity? Particularly in south Sydney where anything 3 bedroom is at least $1.5 million.
I thought some personal context might be helpful.
I’m 25 and have an apartment in south Sydney that I’m currently living in but could be an investment long term. I have a stable income about $115k that will go up to about $150k by the end of next year which is when I will hopefully buy an investment property.
Obviously holding on to both properties would be the goal but I’m struggling to see how I could buy a PPOR by 6 or 7 years time without having to sell both.
Thank you in advance!

Recommended episodes for Renee:

 

 

Question from Peter about Get a Loan with high interest vs. not buying?

Hi Bryce and Ben,
Love your podcasts. Want to ask quick question in regarding real estate investing.
I have reached my borrow capacity but can do low doc loans, would you think it better to get a loan with a bit higher interest than not buying property?

Recommended episodes for Peter:

 

 

Episode 220 | Sell or Hold? The $64 million dollar question.

Folks, “the $64 million dollar question” — and the decision that comes with it — has the potential to either CRIPPLE or COMPLETE an investor’s property portfolio…!!

And the expensive and decisive question is this…

Should I sell or hold onto my property?

Who knows, maybe YOU are currently mulling of this exactly question right now? Or maybe you’ve invested in a not-too-great property, but you don’t know if you should keep it? Or maybe, just maybe, you’re like a lot of us… and you simply don’t know how to work out if a property’s got something in the tank — ie. Capital Growth — or it doesn’t.

 

So… how can you work this out?

Well, to help us with the Number #1 Dilemma property investors and home owners have faced since day dot, is none other than the self-confessed “Data nut” himself… Jeremy Sheppard!!

Because if there’s one thing data can do for us, it’s to take the guesswork out of a seriously costly decision an make it a research-backed, conscious one! (We’ve got a surprise in this episode that just might help YOU too — and there’s a link further down if you’re looking for it!)

Of course, for the folks out there who may not have heard Jeremy on the podcast before — he is of course, the better third of the LocationScore Lads (yep, he gets to hang out with us two larrikins riffing on about the best suburb to invest in ALL the time!) 😉

Jeremy Sheppard is one of Australia’s leading property data experts and analysists, having pioneered DSR data, a formula that scores every suburb in Australia out of 100 based on their Demand to Supply Ratio. Oh, and not to mention he is fluent in every property market metric — from Auction Clearance Rates all the way to the “Recycling Costs” we’ll be talking about today!

Hint: it’s got a lot to do with how to answer the $64 Million Dollar Question!

 

And if you haven’t checked out Jeremy’s prior episodes, here they are:

 

NOTE: More details on Sell or Hold below but if you’re keen to get started, o

 

What You’ll Learn in This Episode…

  • The Closest Answer You’ll Ever Get to “Should you sell or hold onto your property?” !
  • How to work out the above in the cheapest and quickest way
  • The very first thing you need to think about before you do ANYTHING.
  • What is opportunity cost?
  • What do you do when you’ve bought a lemon?
  • How much does it cost to exit one market and enter another one?
  • How much does it REALLY cost to sell?
  • What does “Recycling equity” mean?
  • How can you work out the future growth of a property?
  • What are some of the selling costs you have to think about?
  • What are the ongoing costs to hold a property?
  • Why do you need to think about how these holding costs stack up against rental income?
  • What are the “Capital Costs” involved in selling a property?
  • What is the most expensive cost a property investor has to pay?
  • How many years is this decision TOO LATE??
  • Should you focus on Yield or Capital Growth?
  • What should you do with an Off the Plan property?
  • Why do you need to be careful of “jealousy” in high rise buildings?
  • What holds people back from making the decision to sell or hold?
  • What’s happening in Sydney right now?
  • Why isn’t putting your name on title enough?
  • How can you work out WHICH PROPERTY to get rid of?
  • What are the 3 Main Considerations in selling or holding a property?
  • Even if you can’t afford to re-enter the market, should you still consider selling?
  • How confident can you be in this Sell or Hold algorithm?
  • If you choose to sell and buy elsewhere, how many years do you need to see a return in investment?

 

P.S. The cutting-edge software program (the first of its kind to EVER hit the property market) that we talk about in this episode can be found at SellorHold.com.au

This is also where you can get a Free Sample Report to see how the research and methodology works.

Exclusive 20% Off Discount for listeners… Simply use this Code at the Check Out Page: TPC20

Here’s the step-by-step process to use Sell or Hold:

  1. In taking the next step, you access the full Sell or Hold predictive platform! This will be a paid assessment of $497 and our community gets a 20% Discount ($99.40 savings) ! Just use this code: TPC20

                                                                                                                                                    

 

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