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Episode 256 | From Gold Mine To Fool’s Gold: How This Property Investor Nearly Lost It All During The WA Mining Boom! – Chat with Rick Hockey

Some investors learn things the hard way. And today’s guest Rick Hockey — property investor AND real estate agent specialising in The Pilbara region in far north Western Australia — is, unfortunately, one of these folks.

In this episode you’re about to get a completely raw look at what it was like to be INSIDE the mining boom that hung a lot of property investor’s out to dry. And you’re going to hear it from someone who was right in the thick of it, and did TWO things during this time…

(1) INVESTED in the WA property boom, and

(2) SOLD REAL ESTATE before, during and after the boom!

Here’s the story… back in 1980, Rick Hockey and his wife Bev made Port Hedland, a dusty but dynamic little town exporting some seriously big volumes of minerals all over the world… their home. And things were good. Really good, actually. Especially when Rick made the shift to working in real estate and then the mining scene boomed to deliver some of the highest rental returns we’ve ever seen — and people from all walks of life were practically climbing over each other to call a basic 4 bedroom house in regional Western Australia theirs. And why was everyone keen to jump in? Well, that simple property in the middle of not-a-whole-lot would put $3,000 PER WEEK in their bank!

And Rick, like many of the locals, invested in these properties too. Lots of them. And life was passive cashflow rolling in (literally hundreds and hundreds of thousands each year), selling million dollar houses, releasing equity and buying again, and again, and again. Everyone thought the mining boom, and these crazy returns would never end.

But then the huge orange trucks stopped turning up. And almost overnight, it seemed all of the tradies with their fat wallets did too. The price of iron ore plummeted. And, just like that, everything changed…

 

ABOUT RICK HOCKEY

Rick Hockey is an award winning real estate agent specialising in The Pilbara region in north Western Australia — Port Hedland, South Headland and the Marble Bar area. He’s a Senior Sales Consultant at Hedland First National and has a THREE DECADE connection with Hedland’s property market.  As a proven real estate consultant, he has developed from Rookie to Diamond Achiever and a Top Salesperson with more than 50 industry awards to date. Rick and his wife Bev made Port Hedland home in 1980 loving the opportunities, lifestyle and raising their 3 children there.

 

THE “YOU CAN’T MISS THIS” MOMENTS

  • 09:00 – How did Rick pivot into property?
  • 11:53 – When did he start investing?
  • 15:20 – The Property Spruikers
  • 17:40 – What did he friend say that hinted at what was to come?
  • 18:30 – What was it like to SELL property during the mining boom?
  • 20:46 – How did they value property during the boom?
  • 23:20 – When the peak starts dropping…
  • 28:02 – Being a real estate agent during the bust
  • 30:50 – How many properties did Rick own & WHEN did he deciding to sell?
  • 35:50 – What was the price of property PRE-boom?
  • 36:56 – What was the of property DURING the boom?
  • 37:36 – What was the price like POST-boom?
  • 46:33 – Now that the market’s recovering, is it time to invest now?
  • 51:36 – Who should invest in mining towns?

 

FREE RESOURCES MENTIONED

Get Your Free Book HERE —-  Make Money Simple Again

 

Episode 254 | NRL Star Unpacks His Money and Property Story – Chat with Matt Srama

Top athletes often have a big spike in their income over their lifetime. That is, at the top of their game they’re looking at earning some serious coin… but beyond that… their income can plummet right down, sometimes to ground zero. And things get a bit tricky if the skills they possess aren’t necessarily transferable to the workforce too!

So, folks, what we want to tackle in today’s episode is this… how does a top athlete — or anyone on a fluctuating income for that matter — juggle a small window of time where they’ve got access to more cash than they’ll potentially earn in the future?? How can they maximise this so they can set themselves up BEYOND their time in sport?

Here to help us answer this question, and unpack his money and property story, is someone who has been there, done that… Matt Srama!!!

For those playing at home who might not be familiar with who Matt Srama is… he’s a professional NRL rugby league player for the Gold Coast Titans who had to park his career at the ripe young age of 26 due to injury. Meaning… after a solid career in the NRL, he’s personally experienced with what it’s like to be back “in the real world”! And he’s going to share A LOT of this gold with you today… and folks… you’ll see why what he’s learnt has set him up to work in a development role for the Gold Coast Titans, where now he helps other young players navigate this space!

Oh, and if you’re one of our folks who… ahh… aren’t particularly chuffed with our footy banter… …then you can breathe a sigh of relief!! Because we promise this ep is NOT just sports talk! There’s some pearls of wisdom in here that we can ALL learn from and apply in our own lives 😉

Pssst… and, yep, we got a new intro!!!

 

Folks, we’re doing Relay For Life!!

On October 26th our office is donning our runners and active gear (let’s be honest… ol’ mate Kingsley will probably where his black and white stripes) to participate in Relay For Life to help raise much needed funds for Cancer Council!!

Our goal is to crack $5,000 so we can help fund ground-breaking research into new and better ways to prevent, diagnose and treat cancer! So if you’d like to chip in — even if it’s just a couple of bucks — we’d love it if you could donate to our team here.

 

Resources Mentioned in today’s ep…

PICA’s Meet Up with Greville Pabst – happening on 31/10 in Docklands, VIC

Your Free Book —> Make Money Simple Again – (yep, it’s free and we encourage you to share the link www.makemoneysimpleagain.com.au to your friends, family and everyone in your network!)

 

The Top Five Standouts in today’s chat

  • A NRL Star’s Humble Money Upbringing & How It All Began
  • What’s Life As An Elite Athlete Like… And How Much Do They Get Paid?
  • How To Not Let Money Get To Your Head!
  • What To Do If You’re Earning Good $$$ Now, But You Know It Won’t Last
  • Matt Srama’s Property Story

 

 

 

Episode 235 | Money Hacks from the Money Queen – Chat with Effie Zahos

Folks, we’re up and about today!

Because not only is our dear friend Effie Zahos… aka the Money Queen… finally back on the Couch with us (It was WAAAY back in Episode 105 that we last checked in with her)… there’s also been a bit of a rate movement this week… the first in nearly 3 years! (Well, that, and our footy teams’ played each other on the weekend and Bryce came out on top of ol’ mate Kingsley!!)

What this rate movement means is a little more money in the bank for mortgage owners, which, especially when coupled with today’s episode that’s jam-packed full of Money Hacks, means that there’s a bit of extra money on the table that you can put to work for you. Of course, it does also mean that the Australian economy isn’t performing as well as the Reserve Bank of Australia (RBA) had hoped, and ultimately there’s a LOT to be said about this decision. So, Ben has created a video on the June RBA Cash Rate Drop, which goes into detail about all this. You can check out the new rate announcement here.

But back to the wonderful, wise and VERY money-savvy guest who’s joined us today…!

It’ll probably come as no surprise to you who the Money Queen is… but we’ll take no chances… and remove all doubt as to who Effie Zahos is!!! She is indeed the “Money” Queen… as in Money Magazine‘s finance editor for over 22 years! Well, we should say WAS the editor cos up until very recently, Effie decided to hang up her Money boots and walk in her own shoes instead… and she’s JUST released a brand new book, A Real Girl’s Guide to Money: From Converse to Louboutins!!
And today she’s sharing her best Money Hacks and financial tips so that you can stay on track of your hard-earned cash and make sure you have enough in retirement!

And, yep, if you hadn’t put two and two together yet… Effie’s personally worked alongside the likes of the Original Money Guru, Paul Clitheroe — our 200th episode’s very special guest — for a couple of, ahh, DECADES.

So you’re in VERY safe hands!

Also in today’s ep, we let the cat out of the bag on Bryce’s Brand New Free 3-Part Video Series…

[REVEALED] The Money Saving Hacks The Banks Don’t Want You To Know About —- Free 3-Part Video Series

Money Saving Hack #1 — How To Make Sure You NEVER Pay Interest on Your Credit Card

Money Saving Hack #2 — How To Never Unconsciously Overspend Ever Again

Money Saving Hack #3 — How To Put Your Finances on Autopilot

Fill in the form below and we’ll email you the videos right away!

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Oh and folks, Effie Zahos has been generous enough to EXTEND THE DISCOUNT on her brand new book… A Real Girl’s Guide to Money – From Converse to Louboutins… until 08/07/19!!!

To access the discount, head here: https://www.magshop.com.au/a-real-girls-guide-to-money
… And put in this code: HREAL19

Once entered, the discounted price will be $19.99. Instead of the RRP of $24.99 😉👍 #MoneySMARTS

 

Here’s what you’re about to learn from the Money Queen…

And of course, if you’re interested to get a copy of Effie’s book, we’ve got TWO copies to giveaway!! Just tell us your #1 Money Hack on Facebook for your chance to win!

Episode 210 | John Hartill – How to Recover from Making Every Mistake Possible in the Investing Game

Folks, our Summer Series continues with ANOTHER ripper guest! And not only is today’s guest a very special TPC listener (!!) but also…. he is a REAL LIFE INVESTOR!

But there’s a problem…

John Hartill has learnt a lot of things the hard way. Unfortunately, he made mistakes along the way that, if we’re being completely honest, have cost him a small fortune. Over his property investment journey (expanding a couple of decades now) John has been spruiked to, sold to and, sadly, bought really bad properties.

The fact is… He’s tried every property investment strategy under the sun — buying house and land packages, developing property, renovating, investing in positively geared property — you name it folks!

And as a result, John’s had to learn the true cost of holding property and what’s at stake if you get your advice for free, buy Off the Plan or jump in without the correct education to support you.

And he’s here to share his personal story so that YOU can avoid making the same mistakes.

 

Here’s the gold…

 

Missed our earlier episodes in The Summer Series?

 

 

P.S. Don’t forget,

DOWNLOAD our Free Binge Guide Here – The First 20 Episodes

This 80-odd page document is the vault containing all the foundational tips and insights you need to be a successful investor.
Want a Free Copy of The Golden Highlights? You can get it here.

 

Episode 206 | Nerida Conisbee – What’s Happening Around the Grounds in the Australian Property Market?

What’s better than Christmas day…..????

A brand new episode on Christmas day!!!

 

HO, HO, HO, Merry Christmas, folks!!!

We spotted a little something under the tree… and it looks like… a perfectly-wrapped PROPERTY MARKET SPECIAL!!!!!

And here to unwrap this gold is none other than the Chief Economist of REA, Nerida Conisbee!!! And she’s absolutely nothing less than one of Australia’s leading property market experts!!

Yep, this will be Nerida’s third time on the Couch…. We spoke to her back on Episode 094 and Episode 127… and every time we’ve been in her company, she’s well-and-truly delivered on the Gold!!

So, let’s take a trip across the country as a special Christmas-treat, shall we?

… Let’s dive into the good and, ahh, not-so-good places to invest across Australia, especially our capital cities!!

 

Here’s the Christmas gift, unwrapped…

AND

  • Exclusive news dropped on The Property Couch!
  • What’s new with REA Group?
  • What will they be launching next year???

 

P.S. DOWNLOAD our Free Binge Guide Here – The First 20 Episodes

This 80-odd page document is the vault containing all the foundational tips and insights you need to be a successful investor.
Want a Free Copy of The Golden Highlights? You can get it here.

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