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362 | Investing through the Telescope, NOT the Microscope – Q&A on Equity Release, Retirement Purchase & Mistakes with Borrowing

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Did you know…

Back in episode 296, Bryce briefly mentioned the telescope vs microscope analogy and how it applies to picking an investment-grade location.

Fast forward to today’s episode… (66 weeks later)

We’ll be answering ONE of the questions using the same analogy. With a little twist of course 😉

So… which is a better view to take when it comes to property investing and why?

And… are you curious how the same concept can be used for two entirely different scenarios?

If that doesn’t entice you, what about questions relating to equity release, what NOT to do when seeking finance, and some tips for our younger investors?!

There’s something for different groups of our community today.

Tune in now for the gold!

Qs we answer below 👇

  

Free Stuff Mentioned

 

 

The Questions We Answer

Question from Alan about Best Time to Release Equity

Bryce and Ben, I’d like your comments on something weighing heavily on my mind.

My wife and I are very fortunate to have bought into Schofields in Western Sydney prior to the 2021 explosive growth period. We paid $740,000 in April 2020 for a 4 bedroom house on a big plot of land following all of The Property Couch’s “tick boxes”. Our mortgage is just under $500k.

Our plan has always been to buy a family home, keep our buffer in an offset, and pay down the mortgage to under $350k before taking on another loan for investment. Progress has been good and I thank the Lord for MoneySMARTS everyday.

Fast forward to September 2021, and the growth has pushed many of my neighbours to sell. We are seeing astronomical numbers. Properties up $300k-$400k plus since April last year, new suburb highs being set on a monthly basis, and more and more agents knocking on the door pushing for stock. I know that this has increased the value of our property through pure osmosis, and we are now unsure of how to plan our next purchase.

We want to hold on to this property and NEVER SELL.

We had wanted to buy another property within the Golden Hour Commute region, but the level of debt required is now nauseating. Everyone I talk to is now rushing to the regions and that too concerns me.

The question(s):

  • Is now the right time to pull equity from the house, take on more debt (earlier than planned), and make it work for Sydney?
  • Is there confidence in the regional markets where things are more affordable?

Thanks in advance, your loyal listener.

Recommended episodes for Alan

 

Question from Wayne about Where to Buy for Retirement

Hi fellas, great show.

My wife and I are both in our very early 50s.

We live in Brisbane in a house that’s worth about $1M with no mortgage. We also have a house on the North QLD coast which is worth probably about $420-$450 thousand which is currently rented out for $350 a week which we have no mortgage on that; both places are owned outright. We have no children living at home, no debt, don’t have any car loans, we earn in roughly about $65,000 a year with some potential if we wanted to do overtime to earn more but we just choose not to at this stage.

Our question is, we are looking to retire down to the southern end of the Gold Coast in about 8-10 years and we’re not sure whether we should buy something there where we want to live and have somebody in there renting it and with our incomes, we could help pay that house off in quick time. Or do we buy another place in Brisbane and rent it out, and when it comes time for us to retire so either of the houses, then buy a unit down there outright.

Anyway, I hope you can help me out.

Recommended episodes for Wayne

 

Question from Mel about Tips for Young Investors

Hi Ben and Bryce, love the show. You guys have been amazing.

I actually bought your property course and I have been doing it with my dad so every weekend we get together and we do a couple of hours. We do one or two modules and have a chat about it; it’s been lovely. Me and my dad are buying an investment property together.

He’s in his 60s and I am in my 30s. It’s been enjoyable the process of doing it together, but also for all of the beautiful reasons that you want – you know for a time in and income and all of that, so I guess I just wanted to know if you have any hot tips for young players. Remembering that he’s in his 60s, I’m in my 30s, we’ve got $70K saved up, we’re gonna go to a regional town coz that’s all we can afford and look up buying a house, cause I think that might have a better growth than an apartment.

Are there absolutely any tips you wanna give for young players, anything at all. Your advice would be appreciated, something we could think about or not think about…that would be great. Thank you guys!

Recommended episodes for Mel

 

Question from Phillip about What You Shouldn’t Do with Finance

One of the suggestions was what you shouldn’t do when starting to look at finance. Too many people focus on what you should do, and for those uneducated you can make mistakes without the right advice.

Recommended episodes for Phillip

 

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

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Have you left it too late?

Has the market moved?

Are you too old to start?

With the media hyping how hot the property market is these days, we get that some of you might be feeling a little anxious (or even frustrated!). Everywhere you go, you’ll 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 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 predictions on how this year’s property market will end and where next year’s market will go in 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 are 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 20s 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 cashflow 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 in 6 or 7 years time without having to sell both.

Thank you in advance!

Recommended episodes for Renee

 

 

Question from Peter about Getting a Loan with High Interest vs. Not Buying

Hi Bryce and Ben, love your podcasts.

Want to ask a quick question regarding real estate investing. I have reached my borrowing capacity but can do low doc loans. Would you think it’s better to get a loan with a bit higher interest than not buying property?

Recommended episodes for Peter

 

356 | Secrets Behind A $250M Net Worth – How This Investor Did It! Chat with Fred Schebesta

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Meet one of the richest Australians under 40… and learn how he built a net worth of around $250 million!

Folks, today we have a very special interview with Fred Schebesta — the co-founder and CEO of the comparison website Finder, which is one of the world’s biggest comparison websites and money apps that helps users compare products across 105 categories, from car insurance to cruises.

And Fred, who went from working in a Pizza Hut call centre as a university student to running a business that employs 450 staff in 80 countries, has some Radical Rules on Money, Investing, Cryptocurrency (… any bitcoin fans, out there?!), Property, Stocks and Business that will make you look at things a WHOLE Lot Differently!!!

You’re about to get the behind-the-scenes secrets of someone who has experienced HYPER success when it comes to wealth creation… but what we’re super keen for you to hear is the MINDSET it took to create such an impressive net worth in the first place — including what it means to “Reframe Mistakes”, focus on “Concentrated Investments” and go against the grain to carve your own Lifestyle Design.

Fred is also the author of  Go Live! 10 Principles to Launch a Global Empire and while we do indeed cover his epic journey as an entrepreneur (…just wait ‘til you hear it!), there is plenty of gold in there for everyday investors at ANY stage of their journey.

Psst… Oh, and yeah… while we might not ALL be able to invest in a spaceship-like Fred (yep!), we will say this:

… This is a VERY rare opportunity to learn from someone at the top of their game… and from someone who has achieved significant success.

Tune in now to get the secrets behind a $250M Net Worth… you won’t forget this one!

 

Free Stuff Mentioned

 

Here’s What We Cover…

  • 04:38 – Meet Fred!
  • 05:22 – What was money like for Fred growing up?
  • 05:58 – What does he invest in?
  • 08:49 – How does Fred teach his kids about money? (… wow, skills for life!)
  • 09:31 – Fred’s Radical Rules Around Money!
  • 12:56 – Fred’s 2 Biggest Keys to Wealth Success…!
  • 13:38 – SLAPPED By Google…. what the!?!
  • 16:43 – Growth Mindset vs Upbringing
  • 20:35 – Making Money While You Sleep: How’d It Start?
  • 22:48 – Such A High Net Worth… how does that actually feel??
  • 25:59 – The Mindset Behind A $250M Net Worth!
  • 26:25 – Why CONCENTRATED Investments?
  • 28:35 – When You Lose $150,000…
  • 28:58 – How To Reframe Mistakes!
  • 30:30 – What Warren Buffett Asked Bill Gates…
  • 32:04 – Investing In Bitcoin Mining Companies
  • 34:27 – When You’re Looking To Buy Spaceships…. (!)
  • 35:26 – Where Does PROPERTY Sit In Fred’s Thinking?!
  • 39:41 – Buying Property Now & Inflation…
  • 39:38 – Fred’s Mum & Property Investing
  • 41:57 – Investing In Bitcoin!
  • 44:29 – Who Runs Bitcoin?
  • 47:29 – The New Financial System: Will It Overtake The Old One?
  • 49:20 – The First Critical Step To A Winning Investor Mindset
  • 52:13 – Why you should be a Continuous Student of Life!
  • 52:53 – How to create a life you don’t want to escape from
  • 53:41 – What’s the vision that drives Fred BEYOND money?
  • 57:05 – Fred’s final message for you… (LOL)
  • 59:30 – How to stack the odds in your favour 😊

And…

  • 1:00:45 – A Home School Hack For Your Kids!!
  • 1:03:27 – What’s Making Property News??

 

 

 

250 | Roger Montgomery – Chat with Australia’s Warren Buffett

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Warren Buffett is probably the greatest investor in the world. And when we say “probably” we really mean “is”.

Buffett is estimated to be worth $US83 billion (not including the billions he’s already given away to charity) and, yep, he did make the majority of his wealth after his 50th birthday.

The question is…HOW did he become a self-made billionaire???

Value-investing!

In other words: he invested in stocks that were priced for LESS than their true worth. And he held onto them for the long term. That’s it.

So as a very special treat for OUR 250th EPISODE…WE’VE GOT “AUSTRALIA’S WARREN BUFFETT” in the house!

Today’s guest is none other than:

Roger Montgomery, Chief Executive Officer and Founder of Montgomery Investment Management, which is a Sydney-based specialist boutique equity manager that manages $1.5 billion on behalf of private investors, their advisors and families. Through a simple, common and time-tested philosophy, Montgomery manages several VALUE-ORIENTED FUNDS focused on the various aspects of quality to generate superior returns over the very long term.

Before we unpack all this completely, Roger’s 26-year background in financial markets includes Equity Analysis, Equity and Derivative Trading, and Investment Banking. After founding, listing and selling a financial services business and listed investment company, Roger established his boutique investment management office. In 2010, he published his first best-selling book, Value.able – How to Value the Best Stocks and Buy Them for Less Than They’re Worth.

The clincher, folks?? His book, of course, sets out his three simple steps for value-investing and online trading.

So, shall we get on with it and simply chat to Australia’s version of Warren Buffett?… You betcha!!!

 

AND DON’T FORGET… WE HAVE A 250TH EPISODE “BIRTHDAY” GIFT FOR YOU….

Yes, YOU CAN GET A COPY OF MAKE MONEY SIMPLE AGAIN FOR FREE!!!

Huge heads up: There’s a couple of cool surprises tucked in it that we think will blow your socks off 😉

 

Before we go ahead, here’s Wayne Schwass’s eulogy that Bryce mentioned in today’s show. Click here to watch it now.

 

THE TOP 10 HIGHLIGHTS

  1. Everything You Need To Know About Value Investing!
  2. When Roger was in his entry-level role, what did the Asia Pacific Partner of Pricewaterhouse say to him that he’ll never forget?
  3. What advice was given to lottery winners?
  4. How much of an influence has the real Warren Buffett had on Roger’s philosophy and success?
  5. What are the TWO most important frameworks you need to know?
  6. Shares vs. Property — what does it come down to?
  7. How can you take advantage of “booms and busts” in the share market?
  8. Was “a fall in house prices of 40%” ever realistic?
  9. Does investing for the long term really matter?
  10. Where can you find value in the market now?

 

“Price and value are two different things. Value investing is about paying a lower price than the value received.”
Roger Montgomery

225 | Breaking News with Dr Shane Oliver – Are We in Store for a Global Recession?

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Folks, we have a very special guest on today … Dr Shane Oliver, Head of Investment Strategy and Chief Economist at AMP Capital!! (Ben was a bit giddy, ha!)

So, if you’re keen to hear the latest economic news across the property AND stock market, or you want the intel on how the cogs of the economy run … then you’d best hit play on this one!

To give you an idea, Shane Oliver is responsible for determining AMP Capital’s investment strategy and asset allocation and also provides economic forecasts and analysis to the asset class portfolio managers. And chances are, you’ve seen his face somewhere in the news because Shane is also a regular media commentator on major economic and investment market issues and has been with AMP for over 30 years!

And he’s not just an expert on this stuff, he’s also excellent at breaking down complex economic updates into simplified, bite-sized pieces!

Oh, and as mentioned on today’s show, he’s often providing live updates on Twitter, so if you’re keen to get his economic insights his twitter handle is @ShaneOliverAMP

 

Other resources mentioned in today’s show…

(And, don’t forget… CLICK HERE to Find Out About our AFL Competition – Epic Prizes!)

 

So… What are you in for?

 

 

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