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.
Back in Episode 102, Bryce and Ben discussed if we are facing an affordability issue and when Jan Somers appeared on our show last month, she mentioned that her aunt was also concerned about housing affordability back in the 1950s. Now, with the Federal Budget just a couple of months away, this topic appears yet again, and it seems to be the favourite amongst our politicians.
This time, the debate is about improving affordability for first home buyers. Now, don’t get us wrong. The Property Couch believes in the Great Australian Dream and owning your home. But as mentioned before, your first home will not be luxurious nor will it tick all the criteria of your dream home. This is about setting the right expectation because you would get to your dream home, and you would be able to get that quarter acre house eventually. But it will not happen overnight. You need to work for it, and you need to be smart with your decisions especially when it comes to money and planning for the future. Your first home, may not be your dream home but this does not mean that your second or third home wouldn’t be.
That is why education around property and awareness on the risk of investing in property is so important. This is one of the suggestions that Bryce and Ben chat about to improve affordability in the Australian Property Market. Tune in to find out the rest.
And the other stuff mentioned in this episode are:
Has the Way We Look at Financial Stability Changed Since the Global Financial Crisis? – Speech by Michelle Bullock, Assistant Governor (Financial System) of RBA: Listen/Read Here
A few of our listeners have asked us about Fractional Property Investment; what is it and how does it actually works. It is a relatively new investing concept and often, people are confused if it’s investing in shares or property especially when it comes to ownership of the property. So we’ve invited Anthony Millet, CEO of BRICKX, to come on the show and share his expertise! Appointed as the CEO back in April 2016, Anthony comes from an investment banking background, had been the Chief Operating Officer of a leading global online sports retailer and is active investor himself. So for today’s podcast, the three of them will be chatting about:
What motivated Anthony into this industry and his investing story
What does fractional property investment means and how did it start in Australia
Who owns the property in the portfolio and what rights do the investors have
How does it work and how much returns would you get
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
After last week’s much-anticipated talk with Jan Somers who is an example of someone who has made many successful choices when building her 40 plus year old portfolio, today’s episode features Bryce and Ben discussing seven of the most common ways many of us lose money when investing in property. With key advice and some examples of how and why the choices we make as property investors can have a negative impact on our portfolios, the guys make sure to warn us and help us understand why these ways can cost you money rather than make you more.
The first way to lose money in property is choosing the wrong location. As they have mentioned in countless episodes, location does 80% of the heavy lifting when purchasing property so making sure you have the right location is one of the key things to look for. It covers many areas such as amenities, human interest and practicality; so getting it right means a lot to your portfolio. To find out the rest of the points, make sure you tune in to this latest episode!
And don’t forget, we will be at the Melbourne Property Buyer Expo this weekend so if you are around, do come and say hi! 🙂
The other stuff mentioned in this episode are:
NASA’s video on the discovery of the 7 new planets: Watch here
As promised, here is the second part of the highly anticipated Episode featuring the incredibly humble housewife, author of 4 best selling property books, sophisticated property investor and a property educator extraordinaire, Jan Somers.
In this part, Bryce, Ben and Jan discuss the following areas:
The mistakes she made along the way – holiday homes, overcapitalising and more
Most common questions she gets asked when it comes to property investment
Will property forever be a sound investment class
How she utilises the money she earns for good causes
We hope you would enjoy listening to her as much as we do. As mentioned in the first part, Jan is definitely a property educator that is worth listening to as her years of expertise and knowledge in property investing is absolute gold!
Here’s the link to her books and the PIA Investor software: Click here.