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385 | THE GREAT AUSTRALIAN DREAM – How to make it more affordable?

Ahh yes, The Great Australian Dream. 🇦🇺☀️🏖️

Great beaches just a stone’s throw away, endless sunny days and the ability to own a large house on a quarter-acre block of land (With enough space to invite all your mates down for a barbeque on the weekend!)…

But while this dream has survived over the years, its accessibility is another thing entirely. 

And it has not gone unnoticed!  

A recent 2022 inquiry published by the Standing Committee on Tax and Revenue addresses this very issue… 

Titled The Australian Dream: Inquiry into housing affordability and supply in Australia, it provides a list of suggestions on…

How to make The Great Australian Dream MORE affordable!! 

 And today, we’re unpacking all 16 recommendations from this report!!  

There’s all the good stuff, like…. 

How can the Federal AND State Government play a bigger role in supporting those in need?!  

Is removing stamp duty actually a good idea?!  

 What policy is a good policy for land and house taxes?  

We’re also getting some blasts from the past as we look back at Australia’s history to inform us where our future should go…  

Like what the Menzie Government did to increase house ownership post World War 2…   

PLUS, see the image below to understand Ben’s section in “What’s Making Property News?” this week.  

Source: Seven News

(It’s one of those stories which prove EXACTLY why you should hold out for the long-term!)  

So strap in folks, we’re taking a hard look at our current property market and what NEEDS to change!!  

Free Stuff Mentioned 

Here’s some of the gold we cover… 

  • 1:50 – Grow silently, folks!  
  • 6:35 – How was The Great Australian Dream was born?  
  • 8:39 – Is Australia able to provide affordable stock anymore?  
  • 12:16 – #1: Changing the NIMBY-ism mindset 
  • 15:42 – #2: Cutting the Red Tape  
  • 20: 51 – #3: Cash incentives for state and local governments  
  • 23:45 – #4: More housing for the vulnerable  
  • 28:47 – #5: What can State Govs do to support those in need?  
  • 31:16 – #6: Discount-to-market vs. rent-to-own affordable housing 
  • 31:50 – What the Menzie Gov did to boost H___ O_____… 
  • 34:44 – #7: Using Super as…house security?!  
  • 39:23 – Ben has a controversial opinion on this!  
  • 40:28 – #8: No changes to N____ G___?!  
  • 43:09 – #9: The Argument for Removing Stamp Duty  
  • 46:00 – #10: Hello…Land Tax?!  
  • 46:39 – #11: The Government Sting on Developers  
  • 50:32 – #12: Reviewing the Build to Rent policy  
  • 53:10 – #13: Changing Lending standards 
  • 55:10 – #14: The RBA’s role in housing (And if that should change!)  
  • 56:40 – #15: This one’s a no brainer, a big “YES!” from us  
  • 57:14 – #16: Support the concessional loans!  
  • 59:28 – What Labor thinks of this report… 

And… 

 

212 | Stuart Wemyss – The Common Sense Approach to Superannuation, Royal Commission and Negative Gearing

Our Summer Series is all about hearing from the heavy hitters in property investing so you can score the best investment tips in record time…

… and today is no different!

Joining us for his 3rd appearance on the Couch is Stuart Wemyss, Founder of ProSolution, an independent financial and mortgage broking firm! You might recognise his voice from Episode 81 | Does investing for the long term actually matter? and Episode 172 | The 5 Rules for Mastering the Game of Building Wealth where Stuart discussed the foundational rules of mastering the game of building wealth as outlined in his most recent book (and now best-seller), Investopoly.

In a nutshell: Stuart is a chartered accountant, independent financial advisor and mortgage broker with over 20 years’ experience.

And he’s here with the commonsense approach to help filter out the media noise so you can have a more level-headed approach in the current property and financial landscape!

 

Here’s The Common Sense Approach…

 

Missed 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.

 

 

Bonusisode | Listen everyone… This Is Serious!

Housing Affordability. APRA. Investor’s Lending. Super Property Deposit Debate.

These are headline news for the last few weeks which have been monopolising the business section of most press for some time now. So, we don’t think we can wait any longer either!

Now, what did they chat about today? You would be expecting conversation around the long-term sustainability of the Australian Property Market, an upcoming correction and who will be affected; APRA’s move on investment lending; changes on interest-only loans and how it will affect some borrowers out there; implementing Money SMARTS during these times; relationship between migration and the economy; the Superannuation Property Deposit Debate and more.

Let us forewarn you that this Bonusisode is not as light as our usual episodes. This time, Bryce and Ben discuss some critical housing and political issues and as usual, the commentary in this show is general in nature and is an opinion comment by both of them. It does not take into account the particular investment objectives or financial situation of any potential listeners, and you should always consult a qualified professional advisor before making any investment decisions.

Some of the references made in this podcast are:

 

If you like this podcast, don’t forget to rate us on our iTunes channel (The Property Couch Podcast) and our Facebook page. If you have any questions or ideas, feel free to drop us your thoughts here: http://tpcaustralia.wpengine.com/topics/.

105 | Insights from the Money Queen – Chat with Effie Zahos, Editor of Money Magazine

Our second Live Podcast Recording at the Melbourne Property Buyer Expo last weekend was with Effie Zahos! With more than 20 years in the finance and journalism industry, Effie started as a graduate trainee for Westpac and then moved on to being the head researcher for Channel Nine’s successful Money program in 1997. She has been the editor of Money Magazine since 1999 as well as the magazine’s banking specialist, a regular finance commentator on TV and radio, and the author of The Great $20 Adventure and Getting Rich, Staying Rich!

 

 

So for today’s episode, the three of them will be talking about:

  • How did she start in the finance and journalism industry
  • Being the editor of Money Magazine, working with top economists and industry experts and investors’ success and horror stories she’s come across over the years
  • Having a mentor and how it helps in her career
  • The Top 4 Money Magazine Cover Story and the changes in readers’ interest when it comes to building wealth
  • Building wealth through superannuation and why you should take an interest in it at an earlier age
  • Salary sacrificing and if it’s a good idea
  • The housing affordability debate and what others ways to get onto the property ladder sooner
  • Continuous source of information and education for property investors

 

Here are the resources mentioned in today’s podcast:

  • Money Magazine Cover Story | Earn $2500 a Week at Retirement – Read here
  • Money Magazine Cover Story | Rent and Invest – Read here
  • ABS Website for Population Clock – Find out more

 

If you like this podcast: “Insights from the Money Queen – Chat with Effie Zahos, Editor of Money Magazine”, don’t forget to rate us on our iTunes channel (The Property Couch Podcast) and our Facebook page. If you have any questions or ideas, feel free to drop us your thoughts here: http://tpcaustralia.wpengine.com/topics/

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