Episode 108 | Five Ways To Improve Affordability

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
  • Core Logic’s Pain and Gain Quarterly Report : Download Here
  • Fact Sheet on Guarantor Loan : Download Here
  • Bryce’s video on the four players in the industry is part of the Property Formula video series. If you are interested to watch this, you can Register Here

 

And as always, if you like this episode (Five Ways To Improve Affordability), don’t forget to rate us on our iTunes channel and our Facebook page. Any questions or ideas? Feel free to drop us your thoughts here: http://www.thepropertycouch.com.au/topics/

Episode 103 (Part 1) | Chat with Jan Somers, Housewife And Property Multimillionaire

We are extremely excited here on The Property Couch this week to announce the long-awaited meeting with our special guest today, JAN SOMERS (as we’re sure you would agree)! With a successful property portfolio spanning over 40 years with countless properties within the country, Jan is an inspirational, property-investing mogul who we all could learn a lot from. As we gained so much gold from the hour-long chat, we’ve had to split the episode into two! In this first part, Bryce Holdaway and Ben Kingsley discuss the following areas with Jan:

  • What got her into property investing back in 1972 and how did she build her portfolio since then
  • Her mentor in life and her outlook in education and continuous learning
  • Her point of view and experience on negative gearing
  • How did she structure her loans and what kind of loan strategy does she have for her portfolio
  • Tips on improving your borrowing power
  • What motivated her to write her books, Building Wealth
  • Having the right mindset as an investor

And so much more! As Jan is someone who has a continuous passion and drive for property investing, this is definitely a 2-part episode you will not want to miss. Her journey through property investing is definitely a story worth listening to and reading up on so make sure you tune in.

Here’s the link to her books and the PIA Investor software: Click here.

 

And as always, if you like this episode (Chat with Jan Somers, Housewife And Property Multimillionaire – Part 1), 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/

Episode 083 | Do you think like a sophisticated Property Investor?

If you are new to property investment, don’t you want to know what the sophisticated property investors are doing? Why would you want to reinvent the wheels? It will certainly save you more time and money if you understand the norms and fundamentals from those who have already experienced the journey. So this time on The Property Couch podcast, our hosts will be discussing the practices of a sophisticated property investor.

Their discussion will be based on the recently released PIPA Annual Investor Sentiment Survey. It’s the only sentiment survey for property investors in Australia and has a unique sample of Australia’s property investment community. Distributed via PIPA’s extensive investor networks, it provides a rich insight into the views of Australia’s investors.

Some of the key findings discussed in this episode are:

  • What do investors feel about the long-term merits of real estate?
  • Does negative gearing really matter?
  • What kind of dwellings are the sophisticated property investor going for?
  • How much attention are they giving to the property market cycle?
  • Where do they get their advice from?

Tune in to start listening!

 

Free resources mentioned in this podcast:

  • 2016 Annual Investor Sentiment Survey – Download here
  • Webinar with Bryce Holdaway and Jane Slack-Smith on Renovating an Ugly Duckling – Register here
  • FREE Tickets to the Sydney Property Buyer Expo (Coupon code: PBE16BRYHOL) – Get them here

 

If you like this podcast: “Do you think like a sophisticated Property Investor?”, 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 079 | Q&A – Underquoting, New Developments Next Door, Fixing an Overly Negatively Geared Portfolio and more

It’s the first day of Spring and a perfect time for a Question and Answer episode! Bryce and Ben started off with some of their auction stories on underquoting and a general market update.The property market had been rather cold this winter but with that over, what will we be expecting these coming months?

 

Here are the questions for today’s podcast:

  • Question on new developments next door from Jesse: My question is regarding to the current development boom that has exploded all over Melbourne as it relates to my property in bayside Melbourne. My wife and I bought a town house in Cheltenham about 8 years ago. It is on a reasonably busy road that goes from Nepean Highway down to the beach in Sandringham. We have been diligently paying it off as quickly as we can in order to give ourselves some freedom (we are both freelance) and now we are looking to buy our first investment property. This week the house next to us and the next seven houses along have all got ‘For Sale’ signs up in front. Our understanding after a brief chat with the next door neighbours is that they have all been approached by a developer who wants to build a large mid level apartment block right next to our house. Our concern is what impact this will have on our property value. We are now planning to move out and ‘rent-vest‘ as we don’t want to stay there through this construction phase.
    Our main concerns are:
    (A) How this will impact the value of our property when it comes to us getting a loan for an investment property.
    (B) The impact this will have on our ability to rent out our townhouse if this new development goes ahead. In light of this are we better off trying to sell now and cut our losses or stick with it as a rental.
  • Question on cash flow from Sonia: Hi Bryce and Ben, I am a big property fan and have been listening to every single episode of the property couch. I have a few investment properties in the Sydney inner city suburbs. Besides that I also have a decent amount of savings in cash. I just quit my job to study interior design, hoping to set up my own business later on. I am a typical rich in assets and poor in cash flow example. Just wondering what is your investment advice for people like me. Thank you. Sonia
  • Question on property portfolio fromKhai:
    • Q1) Is it better to pay off the mortgage or keep buying Investment properties?
    • Q2) I have forecasted passive income of $60,000 (as a couple) in next 10 years (assuming 5% annual price rise and if I sell down my 6 properties to fully own 3 including PPOR). How do you increase this to 100,000? Keep buying 3-5 more properties in next 5 years.
    • Q3) How do I fix a severely negative cash flow portfolio (minus $25k annually for 6 properties)? Options I have in mind are: building a granny flat, refinancing to lower interest rates, raising rents, converting car space in townhouse to LUG (costs probably $10,000 per townhouse but increase rents $1k per year), converting car space in townhouse to LUG (costs probably $10,000 per townhouse but increase rents $1k per year)
  • Question on develop or buy from Adam: I own a positively geared corner property in North Sunshine in Victoria, I am ready to take the next step in building my portfolio, does it make better sense to develop my existing property into three town houses, or to go and buy another investment property keeping in mind that property price growth will most likely exceed building costs ?

 

If you like this Q&A episode (Underquoting, New Developments Next Door, Fixing an Overly Negatively Geared Portfolio 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/

Episode 068 | Common complaints we hear from property investors

It has been some time since our last episode on investing and mindset framework so this time, Bryce and Ben will be unpacking the common complaints they hear from property investors. Here are the top 9!

  1. Wrong asset
  2. No buffer in place
  3. Mentoring was actually salesmanship
  4. Not maximising tax depreciation with Quantity Surveyor
  5. Solo sport
  6. Self property management (Check out Episode 31)
  7. Poor cash flow management (Check out Episode 3)
  8. Not starting early enough
  9. Selling

 

Apart from that, they will also be sharing some insider information on ‘offers’ they’ve received from property spruikers out there, Labor’s debate on negative gearing and the changes on foreign buyer stamp duty. Also, if you are interested in the BMT Tax Depreciation Application Form mentioned in this podcast, just fill in the form below and we’ll send it to you right away:

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Other resources mentioned in this episode:

 

PS: We’ll also be holding a Live Q&A Event on Wednesday, 29th of June at 8:30 pm. Check out our Facebook page for more information!

 

If you like this episode (Common complaints we hear from property investors), 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/