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RBA Cash Rate December 2022: Has Australia Reached Its Inflation Summit?

As we start to close out the year that was, the Reserve Bank of Australia (RBA) has just released its last official cash rate for 2022!  

As global economic outlook shifts to a more “positive” note with the US and Australia seeming to have escaped a recession, have we just received another early Christmas present from the RBA?  

Tune in to find out if the cash rate has been paused for the first time in 7 months, plus Ben unpacks these key themes in this month’s economic update: 

  • The slowing of interest rate hikes in the US  
  • A case for pausing interest rates in Australia moving forward  
  • How the property market will finish out 2022 and begin 2023 

Quick tip! If you’re keen to forecast your cashflows through this period, use the handy MoneySTRETCH feature on our free money management platform, Moorr. Click here to sign up or log in. 

 

Plus, Ben also includes his latest news and commentary on…

👉 The RBA’s Official Cash Rate!  

👉 Adjusted OECD Global Outlook Forecasted Figures 

👉 Why US interest rates will always go higher than Australia!  

👉 China’s low inflation figures yet Zero COVID Policy economic chokehold  

👉 Is the Eurozone set to go into a recession in 2023?  

👉 Has interest rates finally curbed spending here in Australia?  

👉 Employment levels reach record highs!  

👉 Property prices continue to tumble (Note: Folks, there is no such thing as a typical National Dwelling Property!  Tune in to Episode 418 where we explain why it’s all about “markets within markets”!)  

👉 Ben’s Big Property & Economic Predictions for 2023 

👉 CoreLogic’s Home Value Index: 31 November 2022   

Plus much more! 

 

Free Resources Mentioned:

🔥 The RBA’s Financial Stability Review – October 2022

🔥 Episode 418 | The Hidden Forces Driving Property Values

🔥 Related Episodes:

 

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

 

 

 

 

 

 

419 | Proof Is In The Portfolio: From Leaving School At Year 11 To Owning A $4.5M Property Portfolio – Chat with AJ

 It’s finally here folks. It’s the time of the year we’ve all been waiting for (that’s almost better than Christmas 😉).

Today we’re kickstarting the VERY FIRST episode of our 2022-23 Summer Series!!!  

And boy do we have a FANTASTIC lineup of guests for our 5th Summer Series, each with their own absolutely amazing, jaw-dropping stories which are all about this year’s theme… 

What Drove You To Act?   

Inspired by the crux in every movie.

The inspirational light bulb moment.

The Penny Drop “A-ha” moment.

These are the pivotal moments that every successful investor has faced in their property investing journey.  

From their origin story to their darkest-before-dawn moments to their “rising from the ashes”, we’re kickstarting this awesome series with the unique story of AJ.  

 

 

 

We’ve all heard the idea that life’s about making the most of your youth and you can “figure the rest out” later, but what happens when you choose the life-changing and highly rewarding path of delayed gratification?   

Well folks, you’re about to discover what happens because this is the inspiring story of AJ. 

From growing up in a financially tight household to the pivotal moment in his childhood that transformed his entire family’s dialogue around money… 

He’ll be sharing how he invested in his FIRST property at just 16 years old (Yep. You read that right! And did we mention he COMPLETELY self-funded it?! Tune in to 15:22 to find out how!) 

The failproof investing style that’s bought him his successful 6-property portfolio (and you can implement it too!)… 

And all of life’s journeys in between, taking him from Afghanistan to Antarctica to Darwin and beyond. 

There are also NO budgets, a divorce and some truly great words of wisdom from AJ tucked in between the pages of this week’s episode. 

A truly impressive and stirring story. A ginormous thank you to AJ for taking the leap of faith with us this year and sharing his amazing story with our community.  

 Listen now folks for an instant boost of motivation! 😊  

 

 

 

P.S. And for those parents who are tossing up, ‘how much should I be telling my kids about money?’, listen to 1:03:58 to find out how Bryce & Ben are navigating this tricky question.  

 

Free Stuff Mentioned… 

  • Want help with your sequencing? Reach out to our award-winning financial advisory! Book a free, no-obligation initial chat with our team here and see how we can help you on your investing journey 😊  
  • FREE Lifestyle By Design App: Check out Moorr the APP, our money management platform that’s now officially available as an app on Apple and Android. Check it out today and completely change the way you view and manage your money!  

 

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

 

Here’s some of the gold we cover… 

  • 0:00 – Woohooo!! It’s the 1st Ep of our 2022-23 Summer Series!!   
  • 1:55 – We launched Moorr the APP!  
  • 3:53 Welcome Andrew! (aka. AJ)  
  • 4:30 – He did THIS at just 14?! 😮  
  • 7:55 – How did AJ pick up his family’s tight financial situation?  
  • 8:50 – The Money Story Growing Up  
  • 10:05 This completely changed his family’s dialogue around money… 
  • 10:44 – AJ bought his first investment at HOW old?! (This is INCREDIBLE folks…) 
  • 11:44 – The university push & changing generational beliefs  
  • 15:22 – He saved THIS amount in his first year…and what he almost bought (Thanks dad!)  
  • 16:48 The Process & Structure Behind His First Property  
  • 20:26 – The second property & getting his trade   
  • 21:10 – “I only went to year 10 but I can work that out…” 
  • 23:31 How AJ buys his properties with no emotional attachments 
  • 26:22 – Being shipped out with the army & the third property   
  • 29:30 – A tenant of 19 years?! How AJ deals with his tenants    
  • 30:53 – Moving from Darwin…    
  • 33:03 – The ONLY splurging he does  
  • 34:23 – He’s never had a budget?! How does he do it?!?  
  • 36:01 The Biggest Investing Driver For AJ  
  • 37:25 – He fell into this investing fallacy… 😉   
  • 38:38 – Overcoming relationship breakdowns & joint investments  
  • 42:46 – Meeting the love of his life…before moving to Antarctica?!?  
  • 44:04 NSW folks: Beware Gazumping!!  
  • 47:49 – The journey to finding his dream family home…  
  • 51:15 – “It’s funny to pay more for one property than the entire sum of 5 others”  
  • 53:38 – Debt levels & the Golden Q: Is he done with his portfolio?!  
  • 57:04 – The Trade-Offs 
  • 59:04 – AJ’s message to the community 
  • 1:02:48 – How much should you be telling your kids?! 
  • 1:03:58 – This is how Bryce & Ben navigate it…  
  • 1:07:45 – Thank you for sharing your story AJ!!  
  • 1:11:36 – Ben’s changing up?!?!  
  • 1:08:35 – A fantastic start to an awesome lineup of guests…  

 

418 | The Hidden Forces Driving Property Values

“Property is a voting machine in the short term and a weighing machine in the long term.” 

Folks, these words form the beginning of one of our most important episodes (and also our LAST formal episode for 2022!! 😮 But don’t worry, we’ve got an AMAZING Summer Series coming at you next week. But back to this week…)  

In light of the rising housing values, we’ve heard SO many people say, “Surely property prices can’t go up anymore?!?” 

And this is exactly what we’re speaking to when we’re divulging…  

What Drives Property Values?!  

From economic activity to human interest and behaviour, what actually causes these prices to go up? Is there a secret framework to help you accurately predict which markets are about to “boom”? (Spoiler: Yes there is! 😉)  

And ultimately, “is it possible for them to keep going up – and is it bad if it does?!” 

In Ben’s words, “Today’s episode is a MEGASODE!!!”. Tune in now to hear all of this evergreen wisdom and more!  

 

 

P.S. Massive Black Friday Sale Incoming!!! 

We turned our chart-topping, evergreen property investment book, The Armchair Guide To Property Investing into an audiobook!

Normally valued at $37, we’re doing something super special this year… We have created an awesome bundle!

For Black Friday, we’re offering our Property Couch community this bundle for just $4.95!!

We’ll be releasing what’s in it and how you can get it – with a massive 86% discount – in tomorrow’s email, so keep your eyes peeled in your inboxes tomorrow!

 

Free Stuff Mentioned… 

  • WE’VE LAUNCHED THE MOORR APP! Check out our FREE brand-new Lifestyle By Design app with the same great MoneySMARTS system (plus more cool features!). For Apple users click here, or for Android users click here.  (or our web version here!) 
  • It’s Black Friday Tomorrow!! Keep your eyes peeled for an email tomorrow with an 86% discount on something very special… 😉
  • Free Report: Read Relationships Australia’s latest 2022 findings here.  
  • Free Article: Read Money Mag’s Article on “Aussies to spend $6.2 billion on Black Friday sales” here. (From Ben’s What’s Making Property News)  
  • Examples: See some examples of Singapore Properties at Chestnut Drive ($20M) and Nassim Road ($56M!) from 1:27:25!   

 

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

 

Here’s some of the gold we cover… 

  • 0:00 – The Gold Today  
  • 1:59  IT’S HERE! We have reached this amazing milestone with Moorr! (And this is how much it costs…) 
  • 9:20 – Woohoo!! Our Summer Series starts NEXT WEEK?! 
  • 10:44 – Money creates relationship problems for 1 in 5? 🙁  
  • 20:25 – This is the BIGGEST fear for most investors… 
  • 22:31 – Why this episode is so important (and how the idea was born!!) 
  • 23:53  The Weighing vs Voting Machine 
  • 26:32 – What Drives Property Values in the SHORT TERM (The Affordability Answer) 
  • 28:32 – Beware the Block Effect!  
  • 31:08 – From Detroit to Broken Hill: what happens when demand and supply fail  
  • 37:25 Here’s what you should be considering… 
  • 38:15 – What Drives Property Values in the LONG TERM?!? (plus, a bonus Scene Setting Story from Ben: “When the first fleet came….”)  
  • 40:16 Land is valued based on its P___ U___ 
  • 41:28 – The 7 types of land in Australia (+ their use!)  
  • 49:30 – The power of repurposing land  
  • 51:18 …and this is where human behaviour comes in!  
  • 53:49 – The Veblen Social Psychological Model (& its 6 factors!)  
  • 58:08 – Why are certain mega-rich pockets sustainable?!  
  • 1:00:12  THIS is the most important indicator of long-term land value!  
  • 1:00:51 – Causation vs. Correlation!  
  • 1:01:54 – The Flywheel Concept (aka. Why property prices WILL continue to go up!)  
  • 1:08:40 – This is the role of politicians!  
  • 1:10:53 – Key Takeaway #1  
  • 1:11:02 – Will Sydney be ever knocked off its perch?!  
  • 1:13:22 – THESE are the factors we look at!  
  • 1:15:56 – Key Takeaway #2   
  • 1:19:50 – Key Takeaway #3 
  • 1:23:12 – Key Takeaway #4: Singapore: A prime example of this! (See our show notes to see these examples!)   
  • 1:30:16 – So… What does this all mean?!? (And how can you apply it?!)  
  • 1:32:09 What about Lifestyle Locations?  
  • 1:34:33 – Let’s Recap (and let us know what you think on our socials!)  

And… 

  • 1:36:06 – Ever wanted to sign a document…digitally? Here’s how.  
  • 1:38:30 – It’s true 🙁 Australians really do try to ‘keep up with the Joneses’… 
  • 1:40:15 – psst — Check out Moorr to avoid falling into this trap!  

 

417 | Home Deposits Made Simple – Chat with Julia Hartman, Michael Ragavan & James Bowe!

One of the greatest barriers that an investor will face when entering the property market is… 

Saving for a home deposit.  

With high housing values and a steadily rising cost of living, saving for that first big leap onto the property ladder can seem daunting to some and impossible to others.  

Here to part the sea of confusion and simplify home deposits, we’ve got a fantastic number of guests on the couch (In fact, this is the MOST guests we’ve had on at a single time 😮)  

Please welcome…  

Julia Hartman, founder of the Ban Tacs group and Chief Technical Tax Advisor for Empower Wealth Tax! No stranger to the couch, she’ll be breaking down the Australian government’s latest and greatest home deposit schemes to help you understand how you can maximise the benefits from it.  

Michael Ragavan from Our Leg Up, an innovative and revolutionary platform that seeks to tackle the problems around borrowing power, skyrocketing Lenders Mortgage Insurance (LMI) and Loan to Value Ratio (LVR) stopping investors from getting into the market. 

And last but not least…. 

James Bowe from OwnHome, a mind-blowingly cool product that helps home buyers pay off their mortgages while living in their property.  

Tune in as they dissect and break down the many ways people can save and afford their home deposit, and how it is possible to buy your home with just $35K!   

A super exciting, insightful and practical episode, listen in now!!  

 

 

 

 

P.S. We have NO commercial ties to any of these businesses – we just think the work their doing is life-changing stuff, and good enough to be shared with the community.  

 

Free Stuff Mentioned… 

 

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

 

Here’s some of the gold we cover… 

  • 0:00 – Here’s what we’re covering today… 
  • 3:59 – Is FOMU stopping you??  
  • 9:59 Welcome back Julia from Ban Tacs!  
  • 11:53 – THIS is why Julia wrote the blog!  
  • 13:11 – Is it possible to buy a home with $35K?!  
  • 14:35 – What is the First Home Buyers Guarantee (FHGB)?  
  • 15:37 – Here’s how it works… (You can read the blog here!)  
  • 19:09 – This is basically what you’re deciding… 
  • 20:43 Who would benefit MOST from this?? (+ who qualifies!)  
  • 22:20 – But what if I want that money back from my Super??  
  • 25:17 What does this look like...as a Sole Parent?  
  • 26:26 – You have to pass these 2 tests!  
  • 28:36 – As a Couple with Children  
  • 30:55 – As a Couple with no Children 
  • 35:01 – And, as a Single Person with no Children! 
  • 40:05 – South Australia: “It’s a brain drain for the other states!”  
  • 43:42 Meet Michael from Our Leg Up! (& what problems they’re trying to tackle!) 
  • 45:28 – How does “Our Leg Up” work?  
  • 47:25 – Rising LVR and LMI: What’s considered a good rate today?  
  • 48:59 – Let’s break it down: What’s a Charge (aka. Equity investment)?! 
  • 50:50 – “It’s lazy equity”  
  • 52:49 – How does this help first-home buyers??  
  • 53:55 – The process of developing Our Leg Up + what’s next!  
  • 55:01 – …and this is why it’s a Win-Win situation!  
  • 58:01 – If you’re interested, here’s how you can learn more! 
  • 58:40 – What criteria does Our Leg Up look for?  
  • 1:01:55 Meet James from OwnHome + the challenges their tackling… 
  • 1:03:49 – This is how the idea was born! 
  • 1:04:48 – How this 4-step journey works!  
  • 1:07:02 – “You share the capital growth”  
  • 1:08:24 – Who are they trying to help?  
  • 1:11:32 – How does OwnHome make money?  
  • 1:13:47 – Why is there a time expiration? 
  • 1:14:46 – Paying LMI, Capital Gains Tax & Stamp Duty!  
  • 1:20:28 – How do they get their Capital Reserve?  
  • 1:21:39 Limitations and future plans for this business! 

And… 

  • 1:24:54 – Julia’s Special Appearance Life Hack: CGT Record Keeping & the best way to do it! 
  • 1:29:56 NSW’s (great) Stamp duty legislation change!  

 

416 | How Can We Solve Australia’s Building Crisis? – Chat with Paul Baker

Property is a game of finance just as much as it is a game of bricks and mortar. But what happens when this bricks and mortar – and the cost to put it all together – starts to cost too much?!  

 Today we’re addressing the complex and fast-growing issue of Australia’s building crisis. 🤯 

From rising labour costs to widespread material shortages, we’ll be exploring why the industry has ended up in its current state, when we can expect things to “normalise”, and answering the BIG question… 

Should you delay building?! And if you’re already building….what should you do to ensure the best results?!  

 Plus, we’ve got a super-awesome returning guest to help us out… 

Please welcome back Paul Baker, Director of Inside Out Property Inspections, qualified Carpenter and Registered Builder Practitioner with the Victorian Building Authority! A man of many trades, Paul also holds a Pest Control License with many years of experience inspecting residential homes…. 

 Basically, he’s THE man for turning the building industry inside out and giving you an expert guide to building and renovating today. Give it a listen now!    

 

 

 

P.S. Fun Fact! Last time Paul was on the couch, it was aalll the way back in Episode 45 😮 and it was also and our first episode of 2016!! 

 

Free Stuff Mentioned… 

 

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

 

Here’s some of the gold we cover… 

  • 0:00 – The Gold Today 
  • 1:50 – Put this in your diaries: PIPA’s 2022 Annual General Meeting!  
  • 3:34 – Our TPC Re-Edition of this ad… 
  • 5:30  Meet Paul Baker!  
  • 7:58 – What are we seeing in the Building Industry today?  
  • 10:02 – Why builders are taking on more of the costs…. 
  • 12:32 – Fixed Price vs. Cost Plus Contracts: What’s the ratio in the market today?  
  • 16:20 Are we overcoming COVID’s supply shortage?!?  
  • 18:48 – Upcoming Trends: Material substitutes and modular builds  
  • 20:48 – For folks halfway through building, how can they increase their chances of a successful build completion?  
  • 23:37 What Building Insurance should you get and who does what??  
  • 26:26 – The Grey Area: Handing over projects between builders  
  • 28:03 Is NOW a good time to be building or renovating?!  
  • 31:48 – A Builders POV: What it’s like having multiple projects on-the-go… 
  • 33:50 – How can we solve Australia’s Building Crisis?  
  • 34:09 “Good staff is your business…”  
  • 36:11 How do different-sized businesses “compete”?  
  • 40:39  The Material Shortage Story: How are builders overcoming it??   
  • 43:05 What was it like having Ben as a client? 😉  
  • 44:10 What trends has Paul seen over the past 12 months?  
  • 47:24 – This is actually the best time for…. 
  • 51:04 – What should you be asking to verify a Building Inspector?  
  • 53:20 – Ben’s BIG Tip for Beginners!  

And… 

 

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