X

472 | “We’re Moving to Kalgoorlie!”: Sacrifices, Savings, and Three Investment Properties Later – Chat with Amy

 

 

This week’s episode is about many things… 

💎 The boundless rewards that come from delayed gratification,
📚 The enlightening power of financial empowerment, and…
🧑‍🌾 Getting out of your comfort zone by heading to the outback.  

Meet Amy, today’s brave and resourceful Summer Series guest!  

Growing up with “tangible money values”, Amy would spend her early 20’s prioritising life experiences over financial gain until the age of 26 when she made 1 life-changing decision…  

This would completely change her financial future and allow her and Sam, her wife, to leap onto the property ladder in less than a year.   

Tune in to hear what this revolutionary decision was, their experience moving from the East Coast to the Outback and their diverse property investing journey.    

From their first hands-on property investment to the land purchase near Byron Bay to the joint venture with her parents, Amy’s story has many chapters full of laughs and good lessons along the way.  

An episode for those who are willing to get outside their comfort zone to get into the property game, listen in now! 

 

 

P.S. Did we mention…Amy’s been a Property Couch listener for 9 years?! What an honour to talk to a long-time listener 😊🌌✨ 

 

Free Stuff Mentioned

 

Timestamps

  • 0:00 – “We’re Moving to Kalgoorlie!”: Sacrifices, Savings, and Three Investment Properties Later 
  • 1:23 – Welcome Amy!  
  • 2:30 – Tangible money values & having parents who “taught them how to fish”  
  • 5:52 – 2 sisters, 2 different investing pathways  
  • 6:54 – Passing on these values to the kids… 
  • 8:08 – Travelling & spending on experiences in her 20s  
  • 9:47 – The money system she’s always used to save…  
  • 10:55 – The big sacrifice they had to make to get onto the property ladder  
  • 12:21 – From the Coast to Outback: The Move to Kalgoorlie!  
  • 14:19 – Why did Amy decide to financially educate herself?  
  • 17:00 – Why they chose their investing strategy!  
  • 17:21 – Their first investment property  
  • 19:19 – THIS is best asset they purchased!  
  • 21:13 – Why did they choose to invest and build a Granny Flat?  
  • 23:23 – Releasing Equity & Starting a Family  
  • 24:57 – Going borderless!  
  • 27:38 – Would she do it again?  
  • 29:51 – The joint venture with the parents!  
  • 32:45 – Her pragmatic approach to rates and land tax 
  • 36:16 – Into the future: Kids growing up and outgrowing the family home?  
  • 38:04 – What does money mean to Amy?  
  • 40:59 – Why she wanted to come onto the couch!  
  • 44:07 – Key Takeaways  
  • 45:37 – What an incredible story! Thank you Amy! 😊  

430 | 17 Properties & Counting: How To Play The Long Game – Chat with Damian Collins

Folks, we don’t usually focus on just ONE state, but considering it makes up 33% of Australia, we thought we’d make an exception… 😉   

Yep. If you haven’t guessed yet, this episode is all about investing for the long term in Perth, Western Australia. (aka. Bryce’s hometown!)   

And who better to help us unpack the WA Market than one of the state’s OGs (and returning Property Couch guest) Damian Collins, Founder and Managing Director of Momentum Wealth!  

He’s also the Chairman of Westbridge Funds Management, has been on the Council of the Real Estate Institute of Western Australia (REIWA) since 2011 and served as President of the Institute from 2018 to 2022 (phew!)   

An active property investor himself, Damian also owns 17 properties in Western Australia!!  

Basically…he’s the property guru to talk to when talking all things west coast, and since our last catch-up, the market’s changed A LOT. 

We’re covering whether Perth is no longer just “a one-trick pony” (aka. A boom-or-bust mining town) and honestly… 

Why we think it’s about to boom!!  

Yep. You heard it here first folks. 😉 From the construction challenges WA has been facing to why “regression to the mean” should mean something to you, we’re giving you an updated and in-depth guide to investing in WA.  

Plus, tune in to hear Damian’s money backstory, the one passion that set him on his current trajectory today and how he kept his cool during COVID and rising interest rates.  

Tune in now!  

 

Free Stuff Mentioned… 

 

Want to work with Bryce & Ben’s Award-Winning Team? 

 

Here’s some of the gold we cover… 

  • 0:00 – We’ve landed a (returning) big fish today folks! 
  • 1:58 – Massive Resources Incoming: FB Lives, a future Moorr video & a PICA Webinar?!  
  • 7:37 – Mindset Minute: Success is hard because it requires…  
  • 9:10 – Re-introducing return guest, Damian Collins!  
  • 11:41 – Damian’s Money Story: Chickens, a recession and his inspiration to invest early 
  • 16:57 – This passion set Damian on this current trajectory…  
  • 19:12 – “Fortune favours the brave”: How Damian made his first investment 
  • 21:22 – From building his portfolio to starting Momentum Wealth  
  • 26:14 – Damian’s sentiment toward rising interest rates  
  • 29:29 – Was he tempted to sell a property during COVID!??  
  • 31:59 – The psychology trap many investors fall into during market cycles  
  • 35:57 – Why Perth’s prices are sitting where they are!  
  • 42:01 – Should Perth still be seen as just a mining town? 
  • 46:20 – If you’re in this position, Damian recommends investing in Perth… 
  • 48:30 – Regression to the mean: Why it should mean something to you!  
  • 49:43 – Why should you be investing in Perth today?  
  • 53:10 – The Critical Construction Industry Challenge  
  • 54:06 – Psst…Astute or borderless investors, listen to this part 😉  
  • 56:45 – Investing in Commercial property (+ Damian’s solution to remove barriers of entry for everyday folk)  
  • 1:01:04 – The class Damian likes to invest heavily in…  

And… 

 

Check out our newest financial features the WealthCLOCK, WealthSPEED & WealthTRACKER on the Moorr web platform, or download the app on Apple and Android.  

 

283 | Buy & Hold vs Buy & Sell – which strategy works best in WA? – Chat with Damian Collins, President of REIWA

And so our theme of chatting with the Presidents of the property markets across the country continues! 

Here to tell us what’s happening in Bryce’s hometown (Perth 😉and the best strategy a property investor should adopt in WAis Damian Collins, President of REIWA – the Real Estate Institute of Western Australia! 

The last time we checked in with Damian was waaay back in Episode 73… and there’s been more than a few changes in the WA property market between then and now… plus, even more news since COVID-19 came on the scene! 

A bit about today’s guest… Damian has served on the REIWA Council since 2011 and was elected President of the Institute in 2018. He’s been an active investor for over 25 years and is ALSO the Founder and Managing Director of Momentum Wealth   a Perth-based property investment consultancy. As well as all thishes also the Chairman of commercial property funds management business, Mair Property Funds. 

We tackle the big question… Should a Buy & Hold Property Investor actually invest in Western Australia? 

This one is for our WA folks… and those interested in what’s happening on the grounds in the Perth property market 

  • Pre-COVID-19 
  • During COVID-19 
  • Post-COVID-19 

 

Free Stuff 

Free resources: ABCD during Pandemic

Fill in the form below and we'll email you the PDF right away! 😉

  • Are you also interested to have a better understanding of your cashflow position via our FREE Money SMARTS Platform?

  • This field is for validation purposes and should be left unchanged.

 

What we talk about in today’s episode… 

 

And of course… Additional Helpful Resources on COVID-19

National Update: Click here

State Update:

 

 

 

 

 

Instagram

Free Resources

What to be notified when there are
new updates & free resources?

  • This field is for validation purposes and should be left unchanged.

×

MONEY SMARTS SYSTEM

Plus We Will Also Notify You When We Release New Episodes

We Only Send You Awesome Stuff

×

SUGGEST A GUEST!

We Only Send You Awesome Stuff

×