Episode 093 | How to Negotiate to Win?

In today’s podcast, a much-anticipated topic features. But first, Bryce and Ben discuss the recently released GDP numbers for the September quarter. With a fall of 0.5%, what does this mean to us Australians? How will business confidence and the Australian Property Market be affected? And more importantly, is this a really bad thing?

After discussions on the GDP as well as further mentions of our 100th episode (that’s coming up very soon!), today’s main topic – as stated in the title, is: “How to Negotiate to Win”. Not all of us are used to or are comfortable in negotiating as it can be quite confrontational. But Bryce and Ben do it on a daily basis so today, they’ve decided to dish out some of their most useful pointers and success stories to help you on your next purchase! Not only do they let us in on some of the most helpful tips, they also tell us what to look out for and common mistakes not to make. With one of Australia’s leading Buyers Agents opening up about the secrets of negotiating, this is definitely an episode to tune into.

A couple of tips to listen out for include:

 

If you like this podcast: “How to Negotiate to Win”, 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://www.thepropertycouch.com.au/topics/

Episode 92 | Why A Buyers Agent is Worth the Money – Chat with Rich Harvey

Today we have another special vodcast episode; and joining Bryce and Ben on the couch is the President of the Real Estate Buyer’s Agents Association of Australia (REBAA), winner of The Buyer’s Agent of the Year award 2016 on Your Investment Property Magazine and Managing Director of Propertybuyer, Rich Harvey. As an established Buyer’s Agent, Property Investor, and expert in his field, today Bryce and Ben discuss the following areas with Rich:

 

  • How Rich established his career as a property investor and eventually a Buyer’s Agent
  • What motivated him to get his first step on the property ladder and what’s his first investment property looks like
  • Some mistakes and lessons learnt in his property journey
  • The benefits of having a Buyer’s Agent and how to find one that you can trust
  • Type of properties that he considers as investment grade and other types of property to stay away from
  • The current cycle of the Australian property market and his predictions for the market in 2017
  • Tips for finding the right resources to use when looking for investment properties

 

 

ps: We hope you enjoy watching this video and we would really like to hear what you think about it!

 

If you like this podcast: “Why a Buyers Agent is a Worthy Investment when Investing in Property – Chat with Rich Harvey”, 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://www.thepropertycouch.com.au/topics/

Episode 090 | Future of the Australian Property Market Post Donald Trump – Chat with Tim Lawless

Today’s episode is special guest day and joining Bryce Holdaway and Ben Kingsley is Australia’s leading property analyst and CoreLogic’s Director of Research, Tim Lawless, who will discuss the future of each state in Australia. Following on from last week’s episode of President-Elect, Donald Trump and the uncertainty his win will have on the market; Bryce, Ben and Tim move on to discuss what the positives to follow are due to the presidential win, even though it’s is still early days.

So in today’s episode, the main areas these three will be talking about are:

  • Tim’s backstory and experience as a property analyst and how he got to where he is today
  • CoreLogic and research methodologies for the monthly reports
  • The potential risk if interest rates rise in Melbourne and Sydney
  • Wealth bases for Hobart, Canberra, Adelaide, Brisbane, Perth and Darwin
  • What the government needs to do to help and stimulate employment for those states that are in decline
  • Trends in population and what this means for Australian property market
  • The uncertainty of Trump’s win and how this has affected the market and what potential effects are to follow

We hope you enjoy this latest post and look forward to hearing your thoughts on the matters brought up…even if it is a response to their thoughts on Kim Kardashian or Kanye West running for the next US election!

And here’s the reports mentioned in today’s podcast:

 

If you like this podcast: “Future of the Australian Property Market Post Donald Trump – Chat with Tim Lawless”, 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://www.thepropertycouch.com.au/topics/

Episode 089 | What Impact will Donald Trump have on the Australian Property Market?

Today’s podcast is a particularly interesting one as it gets a bit more political than usual! From talks about Brexit to the results of the American election last night, Episode 89 delves deep into one of the most talked about general elections in recent years and its potential effects on not only the United States, but on the world economy. Less than 24 hours after the result of the American general election, Bryce and Ben both discuss the potential impact of the new president-elect, Donald Trump and how his presidency could affect the Australian housing market.

From discussing whether or not Donald Trump’s approach to his presidency will be pragmatic, these two “property hacks” talk about the effect this will have on stock markets, trade and housing to name a few. The guys will no doubt have enough to keep you interested for the next 30 minutes with their thoughts and predictions of the final result. Start listening to find out more.

 

If you like this podcast: “What Impact will Donald Trump have on the Australian Property Market?”, 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://www.thepropertycouch.com.au/topics/

 

Episode 088 | Q&A – Investing in Newly Developed Areas, Getting into the Property Market, Career as a Buyers Agent and more

Last week’s podcast had been quite an interesting one! We strongly recommend you to listen to it twice to make sure you don’t miss out on Dr Andrew Wilson’s outlook on the Australian Property Market. This week, we are going back to Question and Answer episode and Bryce Holdaway and Ben Kingsley will be discussing:

 

  • Question on a career as a property professional from Hayden: To the Property Couch, I have a couple of career questions to ask but firstly I just wanted to share my investment story so far and why I think what you are doing is so important. If I had your advice earlier, my circumstances would be much different. I am currently 25 years old; I began my investment journey when I was 17. My father suggested using the money I had saved for a car to use it instead to buy a house. This was in 2008 when the Rudd government was handing out the huge first home owner grants, when I had my first meeting with a mortgage broker (not even knowing what a group certificate was) they were suggesting I buy an off the plan unit. So put signed up for one in Frankston, Victoria from a company thinking they were giving me good property advice. This purchase eventually fell through due to the bank evaluation not coming through at the correct price. Then I signed up for another off the plan unit in Langwarrin, and after two years they had not even begun construction because the council was saying there was endangered fish in the creek near by. So I pulled out of that one and tried to purchase one in Carrum Downs 6 months later and this one fell through because the bank wanted 20% of the loan. Friends and family were telling me to give up by this point because of how upset I was getting, but I stuck with it and purchased one in Langwarrin. This time, a 2 bed 1 bath unit. This then turned out to be a very poorly built unit and eventually I received an insurance claim of $20,000 to fix the poorly built unit. After 4 years, this property has not delivered any growth at all and doesn’t look to in the near future either. Then I purchased a 1 bed 1 study 1 bath unit in a high rise in Ipswich, Queensland and this property has a lift, pool, spa, sauna, underground car park and a concierge.Even though I have made nearly every mistake you could make and still haven’t made a cent off property, I’m still obsessed with it and read and listen to every book and podcast and attended any event I can. I want to work in the industry to try to prevent this from happening to someone else but I’m not too sure what exactly I want to do. I was wondering if you would share some in-depth insights into mortgage broking and being a buyers agent. As much detail as you could would be helpful such as their daily tasks;
    (A) The pros and cons to each and how much they get paid?
    (B) And your thoughts on mortgage broking franchises or are you better starting off on your own?
  • Question on new developments from Brad: I realise that you guys are biased towards investing in established homes, usually with a short disclaimer on how you may have invested in new developments at some stage in your lives. In the interest of a more balanced argument, I feel it would be beneficial to offer someone in the industry who focuses on investing in new developments the chance to put their views forward. Just as there are good and bad established homes the same rings true for new or off the plan developments.
  • Question on next step in property investing from Damien: Love the podcast, learning so much each episode, feels like I’m completing a degree for free so thank you so much.
    I recently purchased my first property under market value (purchase price $420k, my banks value $540k) 3-bed townhouse on 452m2 in Kenmore, Brisbane. I had to use LMI ($18,000) due to only 5% deposit which basically brought my loan up to $420k. I want to continue to accumulate good properties. My financial decisions i.e lifestyle was poor in the past but over the last year I have turn that on its head. I have $20k in cash now and I’m wondering what would be your advice for my next move. I’m making sacrifices to get ahead. I live in the townhouse with 2 tenants getting 360 a week for cash flow. I have an interest in renovation also and I’m looking in the Ipswich area. Should I hold off or move again swiftly?
    Thank you for your help.
    Go the Lions 🙁
  • Question on cash flow from Ben: Hi guys, love the podcasts! I stumbled across one of your podcasts when I was searching for investor information and enjoyed it so much that I went back to the beginning and listened to every single one in the space of about 3 weeks! I’m 21 and working part time whilst also studying. I am planning and on track to have a 20% deposit on a 400k house saved up in the next 12 months. However, due to the nature of my work (personal trainer) my weekly pay can drastically vary (anywhere between $300 and $900 per week, with an average yearly earnings of around $25,000) and the fact that I will still be studying and unable to work full time to increase cash flow for the next few years, I visage that I would have next to no chance of being successful in getting a loan to match my deposit. I want to do whatever I can to get into the property market as soon as possible, but considering my circumstances and my end goal (early retirement on 100k+ per year) is there anything that I can do to get into the market sooner rather than later without substantially increasing my cash flow? Or should I just keep saving and wait it out until I have the cash flow to match my deposit?
  • Question on investing in newly developed areas or established suburbs from Stephen: Would you be better to build in an area with established housing nearing the end of its development life where you know the quality of the area. Or in a new development with no housing as yet but a big blueprint for long-term development? Would you get a bigger capital gain in the new area over time vs potentially small capital gain in established as the capital gain has already expired?

 

If you like this Q&A episode (Investing in Newly Developed Areas, Getting into the Property Market, Career as a Buyers Agent and more), don’t forget to rate us on our iTunes channel (The Property Couch Podcast) and our Facebook page. Any questions or ideas? Feel free to drop us your thoughts here: http://www.thepropertycouch.com.au/topics/