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RBA August 2020 – Victoria’s Lockdown Slows The Speed Of Recovery & The Air Is Colder Up High

It’s the first Tuesday of the month… which means the RBA Board has met and announced the official cash rate!

This video features Ben’s update on the cash rate, as well as what the Australian economy is about to face now that The Second Wave is undoubtedly here, particularly in regards to the Stage 4 lockdown just announced in Victoria…

What’s discussed in this Update?

  • The US Politics and Economy
  • Global Equity Markets
  • The ANZ Job Ads Report – Read Media Release here
  • The amended government stimulus packages (Will it be enough!?) – Learn More here
  • ME Bank’s Household Financial Comfort Report – Read Report here 
  • The CoreLogic Report Monthly Index – Learn More here
  • An important update on Australia’s property market
  • A realistic Economic Outlook for Australia
  • Breaking News around the world

 

And of course… Additional Helpful Resources on COVID-19

National Update: Click here

State Update:

 

And One Final Word…

If you’re worried about your finances or if you have no clarity on your cash flow position, we strongly recommend you to organise your finances now. It’s more important than ever to have a clear view, down to the exact cent, on how much you’re spending each month and how much surplus you’ve got. If you don’t know it, then log in to your Money SMARTS Platform here and update the numbers.

Don’t have an account yet? Create your free access below and we’ll also send you an e-copy of the instruction manual which is also our best-seller book, Make Money Simple Again. Just fill in the form below and we’ll email it to you right away.

 

 

 

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

 

 

 

 

 

 

RBA July 2020 – Victoria’s Lockdown Slows The Speed Of Recovery & The Air Is Colder Up High

It’s the first Tuesday of the month… which means the RBA Board has met and announced the official cash rate!

This video features my update on the cash rate, as well as the increase in case numbers and “postcode lockdowns” we’re seeing here in Victoria — and how this will impact the overall economy moving forward. Plus, there’s definitely a property story taking shape, both good and bad, which is something I want EVERYONE interested in property investing to know about…

What’s discussed in this Update?

  • China: A story of compliance and success in stopping the virus
  • The US Politics and Economy
  • Global Equity Markets
  • Consumer and Business Confidence
  • Retail Spending
  • Credit and Lending – Personal and Business
  • Property Market News
  • Is there a Fiscal Cliff and will we see house prices fall?

 

And of course… Additional Helpful Resources on COVID-19

National Update: Click here

State Update:

 

And One Final Word…

If you’re worried about your finances or if you have no clarity on your cash flow position, we strongly recommend you to organise your finances now. It’s more important than ever to have a clear view, down to the exact cent, on how much you’re spending each month and how much surplus you’ve got. If you don’t know it, then log in to your Money SMARTS Platform here and update the numbers.

Don’t have an account yet? Create your free access below and we’ll also send you an e-copy of the instruction manual which is also our best-seller book, Make Money Simple Again. Just fill in the form below and we’ll email it to you right away.

 

 

 

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 292 | How to Get Australia’s Property Market Back on Track with This 7 Point Plan – Chat with Ken Morrison, CEO Property Council of Australia

Get excited. Here with us is a “V.V.I.P” guest… and this very, very important person is, wait for it… the national representative of the Australian property industry… Ken Morrison, CEO of Property Council of Australia!

And he’s about to unpack the newly announced Seven Point Plan for Economic Recovery!

Yep. You’re about to become fluent in what’s exactly in store for the property market from the man who plays a significant role in shaping it – this includes everything from Government stimulus packages, accelerated growth plans, housing affordability AND a little thing called “Stamp Duty”… & why it’s probably about time this ol’ tax ended up in the dustbin!

To give you an idea of the caliber of expertise you’re about to hear from…

As the Chief Executive of the Property Council of Australia, Ken Morrison has played a key role in shaping tax, planning and infrastructure policy for our property markets across the county for over two decades. He’s super passionate about the future of our cities and sits on a range of government task forces and committees. Plus, he’s also a director of the Green Building Council of Australia, deputy chair of the Business Coalition for Tax Reform, a director of the Australian Sustainable Built Environment Council (ASBEC), and is a Property Champion of Change promoting women in leadership roles.

 

Key Takeaways

  • A deep dive on the 7 Point Plan for Economic Recovery (and what it means for the property market)
  • Ken’s backstory and what lead him to playing a significant role in the industry
  • The Key Themes to Think About Beyond COVID-19
  • How involved is Ken in making critical Government decisions?
  • The 3 Critical Elements the Property Council of Australia is looking at right now to accelerate growth in the property market
  • The Property Grants on offer across the States
  • The Private Sector vs Social Housing
  • Abolishing Stamp Duty – what you need to know is currently happening
  • What can replace Stamp Duty?
  • Negative Gearing & Capital Gains Tax
  • Why is the Negative Gearing Policy STILL not off the cards?
  • The Biggest Economic Downfall
  • Who is Buying Investment Properties?
  • What is this idea about a “Property Rating” and home can it help homeowners?
  • Change for women in leadership roles: What does it look like?
  • How much does the property market influence the overall Australian economy?
  • What have people been doing with their superannuation during COVID-19?!

 

Free Stuff

 

 

 

 

Episode 290 | Why Job Security Does NOT Equal Income Security… And Why You Must Know The Difference Before the Next “X-Factor” Event Catches You Out

If there’s one thing COVID-19 has taught us, it’s this… “Job Security is Everything”. But if we think about it… is it really?!

Sure, the global pandemic – the “X-factor” event – caught quite a few of us (well all of us, really) off guard… but it became quickly obvious that life was interrupted for folks at VERY diverse levels.

Cue: Income Security.

Yep, Income Security looks and feels a whole lot different than just having a job to show up to. In fact, we vouch for the fact that it is the #1 Most Important Thing to focus your energy on if you want financial peace… EVEN during the most uncertain of times. ‘Cos now that a real-world “X-Factor” event has indeed struck, folks are left in in two distinct camps – 1.) folks who can take advantage when opportunity strikes… and, 2.) folks who MUST learn from what’s just happened!!

So, today we are diving deep on how to create a Passive Income WITHOUT having to buy heaps of properties, sacrifice your weekends knocking down walls or live off two-noodles for the rest of your life (who on earth wants to do that?!)

And while we still maintain that the “Best Time to Buy” is when your cashflows allow… we’re going to let you in on the little known tip about the 2020’s that you might not know about (hint: great news if you want to invest in property 😉!)

We reckon’ this episode will help to set you up, stay the course and, ultimately, end up with that income security that’ll see you through any of life’s curveballs!

 

Psst…. Wanna learn EXACTLY How You Can Build A Multimillion-Dollar Property Portfolio That Creates $2,000 A Week In Passive Income???

Introducing The Property Couch’s FIRST EVER Online Course….

START & BUILD – Click Here For Limited-Time “Launch Offer” Incl. Huge Discount and Exclusive Bonuses!

Looking for the link? https://thepropertycouch.com.au/startandbuild

 

Free Stuff Mentioned

 

What we cover in today’s episode:

 

P.S. Yeww, footy’s back!

P.P.S. Your Start and Build Online Course: https://thepropertycouch.com.au/startandbuild

 

 

And of course..

If you’re worried about your finances or if you have no clarity on your cash flow position, we strongly recommend you to organise your finances now. It’s more important than ever to have a clear view, down to the exact cent, on how much you’re spending each month and how much surplus you’ve got. If you don’t know it, then log in to your Money SMARTS Platform here and update the numbers.

Don’t have an account yet? Create your free access below and we’ll also send you an e-copy of the instruction manual which is also our best-seller book, Make Money Simple Again. Just fill in the form below and we’ll email it to you right away.

 

 

 

 

Episode 289 | Why McDonald’s and Churches Know More About Land Value Than Anyone Else

What do McDonald’s and Churches have in common?

For starters, they understand what underpins property prices! And not only are we about to dive deep on this in today’s Q& A, we’re also going to tell you exactly why property is a different beast to other economic market’s across the country!

‘Cos here’s the deal folks…

… we got some very, ahh, ‘unedited’ feedback from Ryan about eight weeks ago — which was obviously right in the height of COVID-19 fear.  And instead of running away from this stuff, we’re going to tackle it head on. Maybe you might have similar thoughts in the back of your mind too!? So make sure to check it out.

 

And of course,  as AFL supporters, we cannot forget about the Big Freeze!

Although there are a bit of disruptions on the AFL schedule, Big Freeze 6 is still going ahead! Founded in 2014, FightMND was established with the purpose of finding effective treatments and ultimately a cure for Motor Neurone Disease. Here’s the link to the Big Freeze!! Donate here >.

 

On top of that, we’re also answering a who bunch of listener questions, like…

  • How to extend or refinance interest only periods
  • Understanding Demographics and Median Income
  • Selling Your Current Property To Afford A New (and better) Property
  • Recognising variances in data estimates and actual purchase price
  • How The Wealth Effect effects the economy

 

Question from Declan about extending or refinancing interest only periods
G’day Ivise, Ben and Bryce? Declan here, just push through the 300 odd episodes. Read both your books, trialled LocationScore, joined the Facebook group, PICA and set up Money SMARTS in the last seven and a half weeks. I can’t believe how much free content you guys have pushed out. It’s honestly been a sliding doors moment in my young investing career. My question for you is relatively simple: as a 23-year-old with a partner, rentvesting is essentially the only way we can get into an A or B-level grade property where we live. The missing piece from the last 300 episodes, in my point of view, has been discussion around extending or refinancing interest only periods. I was wondering if you could unpack a bit of a framework on the best way to prepare your financial situation so that a lender will consider extending your interest only period as having an extra one, two or three years on higher can be the difference between letting out your first property at a cashflow loss compared to being neutrally geared, which is, in my opinion, than Nirvana as a Young Bloke. P.S Go the Swans.

 

Question from Adam on Understanding Demographics and Median Income

Hi guys, how you going? My name is Adam and I love the podcast! I only found it about a week ago. By Day 3, I’d already ordered and read the book, by Day 5, I’d already recommended to about a dozen people and I’m just chewing through the backlog of the podcast. I’m currently on the Sunshine Coast and I’m looking to harvest equity and investment property I have in Adelaide to purchase a PPR while I’m working here because the rent to lifestyle ratio isn’t working in my favour. When I’m laying down the suburb demographics, you say aim for suburbs that are round about at a 35-medium age with an increasing median income. How do you account for the fact that retirees are either there to downsize or buy through their assets, pay for the premium lifestyle, and so drive up the median age, drive up the prices, but drive down the income? Thanks again, hope to hear answer from you. Have a great one.

 

Question from Antares Selling Your Property To Afford The Next Property

Hi guys. Just wondering your thoughts on our situation. We’re looking at buying a waterfront property on the central coast under $2 million and potentially holding our existing home, which is almost paid off and renting it and looking at selling it to maybe next year. It’s a lot to hold. It’s probably a 40% of our income if we didn’t have a renter. And also would it be better make to buy and sell the same market? Just when your thoughts on that guys. Thanks.

 

Question about variances in data estimates and actual purchase price from Jonny

Hi hopefully Bryce or Ben, I’m writing to you guys as I have a question and I’m desperate for an answer… I am in the cooling off period of my first home. The house is in Sturt, Adelaide. The property is 720m^2. Core logic data suggests the property is worth 485k. My offer of $490K has been accepted. With all this uncertainty around COVID-19, have I paid too much? Or should I go ahead with the sale. Currently tenanted at $360 per week until July. I am borrowing 90 percent. Is it just too risky as it’s my first investment? Or because I’m planning to hold for long term is it still a good idea? Hopefully someone can pls get back to me. Thank you in advance. Johnny.

 

 

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