Fat Profits Podcast - Property, Finance & More

George Dib is the founder of Copilot Finance and Insurance, helping business owners with asset finance and insurance. George joins Corey and Ben on the Fat Profits Podcast to share his journey, experience and insights from the industry.

Timestamps:

00:00 Intro and welcome to George Dib of Copilot

03:44 Leaving a transactional model behind

05:31 ATO pressure

08:33 Why Copilot looks at the full picture before writing the deal

12:28 Is small business stuffed?

21:08 Owners versus the government

26:52 Headline of the Day: the instant asset write off extended

29:12 Are successful business owners leaving Australia?

32:20 Household incomes

34:11 First property at 21, first business at 32

36:46 Why George says don't rush to scale

38:25 Insurance for mortgage broker clients

Follow:

Instagram: https://www.instagram.com/financewithcozza

TikTok: https://www.tiktok.com/@financewithcozza

This podcast is provided by Source Finance Pty Ltd (ACL 539456) & TGM Accounting Pty Ltd. The information discussed is general information only and does not constitute personal financial, taxation, credit or legal advice. Before making any financial decision, you should consider your own circumstances and seek advice from appropriately qualified professionals.

Corey Goldby is an Authorised Credit Representative (CRN 502276) of Source Finance Pty Ltd (ACN 657 912 868). Australian Credit Licence 539456.

Ben Perren is an Authorised Credit Representative (CRN 553223) of Source Finance Pty Ltd (ACN 657 912 868). Australian Credit Licence 539456.

This week on Fat Profits Headlines, Corey breaks down Australia's housing downturn as property values head towards their steepest decline in 40 years. The RBA has delivered its fourth rate rise of the year, pushing the cash rate to 4.6%, while borrowing power has fallen by almost $100,000 for the average dual-income couple. Sydney property values are down more than $112,000 from their February peak, auction clearance rates have dropped below 50%, and banks are starting to bend their own lending rules to keep business moving. Meanwhile, rents are finally showing signs of slowing, but a looming construction supply shortage could change that. Corey also looks at the collapse of Bathla's rescue, the credit card surcharge ban that's sparked a fight over small business costs, and the lenders competing for a shrinking mortgage market. Plus, he finishes with a major personal announcement: Source Financial's seven-figure merger with Fouracre Financial and what it means for the future of the business.

Timestamps:

00:00 Intro

00:59 RBA delivers its fourth rate hike as government spending comes under fire

04:37 Mortgage holders under pressure as borrowing power falls by almost $100,000

08:51 Australia's steepest housing downturn in 40 years

12:32 Auction clearance rates fall below 50%

14:01 Sydney rents fall for the first time in almost two years

17:29 Australia's looming housing construction shortage

19:15 Bathla's rescue collapses as construction sites shut down

20:22 Credit card surcharge ban sparks backlash from small businesses

22:38 Banks compete for borrowers as mortgage demand falls

24:43 Property investors find opportunities in a falling market

26:34 Major announcement: Source Financial merges with Fouracre Financial

Work with mortgage brokers who invest themselves and have a proven track record of helping Australians build property portfolios.

Book your Initial Discovery Session here: https://sites.ludicrous.cloud.sourcefinancial.com.au/investors-survey

Follow:

Instagram: https://www.instagram.com/financewithcozza

Facebook: https://www.facebook.com/@financewithcozza

TikTok: https://www.tiktok.com/@financewithcozza

This podcast is provided by Source Finance Pty Ltd (ACL 539456) & TGM Accounting Pty Ltd. The information discussed is general information only and does not constitute personal financial, taxation, credit or legal advice. Before making any financial decision, you should consider your own circumstances and seek advice from appropriately qualified professionals.

Corey Goldby is an Authorised Credit Representative (CRN 502276) of Source Finance Pty Ltd (ACN 657 912 868). Australian Credit Licence 539456.

Peter Richards is a rural property agent on the NSW Mid North Coast who has worked in real estate since the late 1990s and also runs a local firearms business.

Timestamps:

00:00 Welcome a rural property agent and local business owner

01:21 New homes or renovating, plus hunting trip stories

03:56 Peter's rural sales business and his career in real estate

08:10 The last 6 to 12 months: lost confidence and pressure on small business

13:11 Is the acreage and sea change dream still alive?

17:04 Carbon credits and the cost of clearing a house site

23:01 Starting out in 1998, the GFC and how Covid changed the rural market

24:36 Peter's other gun shop business

26:02 How government policy changed trading

31:12 What small businesses need to get back to producing wealth

33:55 Government debt and why repayments are about to skyrocket

36:18 Will gun laws change across every state?

47:51 First home buyer incentives and a smarter first move

Work with mortgage brokers who invest themselves and have a proven track record here: https://sites.ludicrous.cloud.sourcefinancial.com.au/investors-survey

This podcast is provided by Source Finance Pty Ltd (ACL 539456) & TGM Accounting Pty Ltd. The information discussed is general information only and does not constitute personal financial, taxation, credit or legal advice. Before making any financial decision, you should consider your own circumstances and seek advice from appropriately qualified professionals.

Corey Goldby is an Authorised Credit Representative (CRN 502276) of Source Finance Pty Ltd (ACN 657 912 868). Australian Credit Licence 539456. Ben Perren is an Authorised Credit Representative (CRN 553223) of Source Finance Pty Ltd (ACN 657 912 868). Australian Credit Licence 539456.

This week Corey Goldby and Ben Perren sit down with Sam Panetta, a broker coach known across social media for his relentless content output and his family first approach to business. Sam walks through his path from a big, close knit Italian family to building and eventually selling a mortgage broking business, and gets candid about the identity crisis that hit once the deal was done and his phone stopped ringing. Along the way he unpacks why he set out to do more marketing than his entire industry combined, what actually makes a business sellable rather than just profitable, and why implementation beats strategy every time. The guys also dig into the future of broking in an AI and AGI world, debate a recent wave of broker fraud headlines, and run through what a first time buyer should really be asking when they call a broker.

Timestamps

00:00 Intro and welcoming Sam Panetta

05:24 Sam's family roots and path into broking

17:47 Building a business to sell versus to run

22:52 Doing 10x the industry's marketing volume

23:44 Systems, documentation and making the business sellable

28:09 Life after the sale, and when the phone stopped ringing

39:27 Will AI and AGI replace brokers?

42:55 Broker fraud and lost accreditations

44:46 What to ask a broker as a first timer

47:24 Final thoughts and sponsor segment

Work with mortgage brokers who invest themselves and have a proven track record of helping Australians build property portfolios, here: https://sites.ludicrous.cloud.sourcefinancial.com.au/investors-survey

This podcast is provided by Source Finance Pty Ltd (ACL 539456) & TGM Accounting Pty Ltd. The information discussed is general information only and does not constitute personal financial, taxation, credit or legal advice. Before making any financial decision, you should consider your own circumstances and seek advice from appropriately qualified professionals.

Corey Goldby is an Authorised Credit Representative (CRN 502276) of Source Finance Pty Ltd (ACN 657 912 868). Australian Credit Licence 539456.

Ben Perren is an Authorised Credit Representative (CRN 553223) of Source Finance Pty Ltd (ACN 657 912 868). Australian Credit Licence 539456.

This week Corey and Ben head out to Lorne to sit down with Mark Hornshaw, who lives there growing native bushfoods with his family. Mark is an economist with 15 years of university teaching experience, was elected to Port Macquarie-Hastings Council in 2024, and has run businesses in telecommunications and food service.

Mark's top rated course, The Economic Way of Thinking, comes with lifetime access for $54.99 using code FATPROFITS at checkout, valid if you sign up by 11 October. https://www.udemy.com/course/the-economic-way-of-thinking/?couponCode=FATPROFITS

Follow Mark:

https://www.facebook.com/MarkHornshawLibertarian

Timestamps:

00:00 Meet Councillor Mark Hornshaw

01:09 Who wins the 2027 NSW election

05:19 The National Construction Code shake-up

14:12 Quickfire Likes and Dislikes

17:22 From business to Austrian economics

28:25 How money actually works

32:54 Interest rates, the RBA and the housing crisis

43:13 Inside local council

59:15 Gold, Bitcoin and the GFC

1:01:07 Fixing first home buyer policy

1:04:42 The Libertarian case on tax and home education

1:11:45 Final thoughts

This podcast is provided by Source Finance Pty Ltd (ACL 539456) & TGM Accounting Pty Ltd. The information discussed is general information only and does not constitute personal financial, taxation, credit or legal advice. Before making any financial decision, you should consider your own circumstances and seek advice from appropriate qualified professionals.

Corey Goldby is an Authorised Credit Representative (CRN 502276) of Source Finance Pty Ltd (ACN 657 912 868). Australian Credit Licence 539456.

Ben Perren is an Authorised Credit Representative (CRN 553223) of Source Finance Pty Ltd (ACN 657 912 868). Australian Credit Licence 539456.

This week on Fat Profits Headlines, Corey breaks down the numbers governments would rather you didn't add up. A 2002 intergenerational report projection is now $14,500 off track, and Treasury's own productivity assumptions are quietly falling apart. The RBA has walked away from its "narrow path" and openly admitted inflation now comes before jobs, with a fourth rate rise this year almost locked in. There's a $165 billion COVID-era debt bill about to be refinanced at higher rates, a trust tax fight that has family businesses furious, and PEXA's grip on property settlements facing a fresh parliamentary inquiry. Corey also looks at why rentvesting is dying for younger Australians and why, despite all of it, the spring auction market is still holding up.

Timestamps:

00:00 Intro

01:10 Intergenerational report: Australians $14,500 poorer than promised

05:40 RBA chooses inflation over jobs,

08:25 $165 billion COVID debt bill comes due

11:03 Family businesses push back on the new trust tax rules

13:42 PEXA's conveyancing monopoly under fire

15:46 Rentvesting is basically dead for Gen Z

18:04 Spring auction market holds up despite rate fears

Work with mortgage brokers who invest themselves and have a proven track record of helping Australians build property portfolios. Book your Initial Discovery Session here: https://sites.ludicrous.cloud.sourcefinancial.com.au/investors-survey

Follow:

Instagram: https://www.instagram.com/financewithcozza

Facebook: https://www.facebook.com/@financewithcozza

TikTok: https://www.tiktok.com/@financewithcozza

This podcast is provided by Source Finance Pty Ltd (ACL 539456) & TGM Accounting Pty Ltd. The information discussed is general information only and does not constitute personal financial, taxation, credit or legal advice. Before making any financial decision, you should consider your own circumstances and seek advice from appropriately qualified professionals.

Corey Goldby is an Authorised Credit Representative (CRN 502276) of Source Finance Pty Ltd (ACN 657 912 868). Australian Credit Licence 539456.

Corey and Ben are joined by Oliver Robinson, founder of Ronan Building in Newcastle/Lake Macquarie, to talk modular homes, the trades shortage, and why the government's $10 billion housing fund has only delivered a fraction of the homes promised. Oliver breaks down what it actually costs to build in Australia today, why builder margins are wafer-thin, his take on Senator Andrew Bragg's plan to slash the building code, and why we desperately need more people in the trades.

Timestamps

00:00 Intro – Welcome Ollie Robinson from Ronan Building

00:54 Big Prediction – Will Modular Homes Hit 50% of New Builds?

06:00 Headline of the Day – $10 Billion Spent, Only 1,432 Homes Built

15:26 Quickfire Likes & Dislikes with Ollie Robinson

21:03 From Apprentice in 2015 to Building Company Owner

25:24 The Biggest Challenge to Builder Profitability Right Now

30:33 Andrew Bragg's Plan to Cut the Building Code

35:43 How Do We Get More People Into the Trades?

38:42 Investor Story – Buying His First Home After Years of Waiting

41:03 Scenario of the Week – Financing a Home as a New Company Owner

45:51 Final Thoughts & Sponsor Segment

Work with mortgage brokers who invest themselves and have a proven track record of helping Australians build property portfolios.

Book your Initial Discovery Session here: https://sites.ludicrous.cloud.sourcefinancial.com.au/investors-survey

This podcast is provided by Source Finance Pty Ltd (ACL 539456) & TGM Accounting Pty Ltd.

The information discussed is general information only and does not constitute personal financial, taxation, credit or legal advice. Before making any financial decision, you should consider your own circumstances and seek advice from appropriately qualified professionals.

Corey Goldby is an Authorised Credit Representative (CRN 502276) of Source Finance Pty Ltd (ACN 657 912 868). Australian Credit Licence 539456.

Ben Perren is an Authorised Credit Representative (CRN 553223) of Source Finance Pty Ltd (ACN 657 912 868). Australian Credit Licence 539456.

This week on Fat Profits Headlines, we go deep on the Bathla builder collapse now confirmed at $3.4 billion in debt owed to over 3,000 creditors, and what it means when billionaire lenders start taking direct control of stalled projects. We also cover CBA's public fight with Macquarie over bank capital rules and the $18 billion gap at the centre of it, a former RBA board member revealing just how split the last decade of rate decisions really was, and One Nation's detailed immigration policy that's rattled both major parties and pushed its primary vote ahead of Labor's. On top of that, two more corrections have landed on the May budget's tax package, and some lenders are quietly finding ways around the investor lending squeeze with LVRs up to 95%.

Timestamps:

00:00 This week's headlines lineup

00:25 Bathla builder collapse: what's actually being carved up

04:13 CBA vs Macquarie: the bank capital fight

06:08 Ex-RBA board member on how divided rate decisions really are

07:18 One Nation's immigration policy rattles both major parties

09:54 Two more corrections to the budget tax package

11:05 Lenders finding ways around the investor squeeze

14:13 Zooming out: what this week's fights actually mean

Work with mortgage brokers who invest themselves and have a proven track record of helping Australians build property portfolios. Book your Initial Discovery Session here: https://sites.ludicrous.cloud.sourcefinancial.com.au/investors-survey

Follow:

Instagram: https://www.instagram.com/financewithcozza

TikTok: https://www.tiktok.com/@financewithcozza

This podcast is provided by Source Finance Pty Ltd (ACL 539456) & TGM Accounting Pty Ltd. The information discussed is general information only and does not constitute personal financial, taxation, credit or legal advice. Before making any financial decision, you should consider your own circumstances and seek advice from appropriately qualified professionals.

Corey Goldby is an Authorised Credit Representative (CRN 502276) of Source Finance Pty Ltd (ACN 657 912 868). Australian Credit Licence 539456.

In this episode of Fat Profits, Corey and Ben sit down with Justin Picker from Picker Financial.

Justin opens up about his own journey from a $180K first property in Logan to a 30-property, $20 million portfolio, what he'd do differently starting from scratch today, and the lessons from jumping into his first commercial property purchase. Plus the usual chat on football, dodgy AFL tickets, and this week's imaginary sponsor.

Timestamps

00:00 Intro – Justin Picker

00:57 Big Prediction

05:47 Headline of the Day

16:16 Quickfire Likes & Dislikes with Justin Picker

18:18 How the Lending Environment Has Changed in 12 Months

19:44 The Macquarie Trust Changes & Getting Your Structure Right

21:59 The SMSF Property Crackdown Explained

26:42 Investor, Upsizer or First Home Buyer

30:26 The Wealth Creation Playbook for Today's Market

32:54 Justin's Investing Journey

35:58 Could Justin Rebuild That Portfolio Starting Today?

47:44 Scenario of the Week

52:36 Final Thoughts & Sponsor Segment

Work with mortgage brokers who invest themselves and have a proven track record of helping Australians build property portfolios. Book your Initial Discovery Session here: https://sites.ludicrous.cloud.sourcefinancial.com.au/investors-survey

This podcast is provided by Source Finance Pty Ltd (ACL 539456) & TGM Accounting Pty Ltd.

The information discussed is general information only and does not constitute personal financial, taxation, credit or legal advice.

Corey Goldby is an Authorised Credit Representative (CRN 502276) of Source Finance Pty Ltd (ACN 657 912 868). Australian Credit Licence 539456.

Ben Perren is an Authorised Credit Representative (CRN 553223) of Source Finance Pty Ltd (ACN 657 912 868). Australian Credit Licence 539456.

We'll break down a week with a genuine bombshell number in it. Cotality's head of research now says Sydney is headed for its biggest property correction in 40 years, with 93% of capital city suburbs recording a fall over winter. He unpacks CBA's downgraded forecast, the property council's clash with government over what it's calling a "ram raid" on prices, and a fourth budget backdown on the discretionary trust tax. He also flags a $4.5 billion hidden valuation bill hitting property investors ahead of 2027's CGT changes, One Nation's new superannuation policy, the ATO's push to recover $115 billion in unpaid debt, Westpac's Wall Street move, and buried underneath all the doom, genuinely good news in the lending data about who's actually winning market share right now.

Timestamps:

00:00 Intro

00:28 Sydney's Biggest Correction in 40 Years

05:57 Another Budget Backdown — The Trust Tax Workaround

08:16 The $4.5 Billion Valuation Bill Nobody's Talking About

09:51 One Nation's Super Policy Lands 11:13 The ATO Wants Its $115 Billion Back

12:44 Westpac's Wall Street Move

13:59 Who's Actually Winning the Lending War

Follow Finance with Cozza:

Instagram: @financewithcozza

TikTok: @financewithcozza

Work with mortgage brokers who invest themselves and have a proven track record of helping Australians build property portfolios. Book your Initial Discovery Session here: https://sites.ludicrous.cloud.sourcefinancial.com.au/investors-survey

Disclaimer: This podcast is provided by Source Finance Pty Ltd (ACL 539456) and TGM Accounting Pty Ltd. The information discussed is general information only and does not take into account your personal objectives, financial situation or needs. It does not constitute financial, taxation, credit or legal advice.

Corey Goldby is an Authorised Credit Representative (CRN 502276) of Source Finance Pty Ltd (ACN 657 912 868). Australian Credit Licence 539456.