The Armchair Guide to Property Investing

Folks, you’ve heard us say it before and we’ll say it again… “The State of Your Wallet affects the State of Your Mind”…

… and this isn’t just a telling quote we throw around willy-nilly… it’s very real and is, in fact, evidence-backed. The truth is this… money worries and mental health are DEEPLY entwined. If you’ve got financial stress then, chances are, you probably feel like your whole life is out of whack… and this can seriously interfere with your mood, mindset and overall health!

So today we’ve managed to rope in a very special expert who’s dedicated his professional life to mental health matters and suicide prevention — John Mendoza Director of ConNetica.

As well as shining a light on the connection between financial problems and mental health issues, John’s career has included several senior executive positions, such as the inaugural Chair of the Australian Government’s National Advisory Council on Mental Health, the CEO of the Mental Health Council of Australia and CEO of The Commonwealth Statutory Authority, the Australian Sports Drug Agency.

Folks, if you’re wondering, “Why the switch to mental health?” or “Where does property investing fit in here?” or “Why so serious?”

We’ll be completely honest… while not related at a tactical level to property, finance and money management… this IS related at a strategic level — ‘cos no matter if you’re building wealth, or just trying to stay afloat and living paycheck to paycheck, or drowning in debt… or anywhere else on the financial spectrum… you’re NOT immune to this reality.

Here are the Free Resources mentioned in today’s episode…

• Ben’s video on rats behaviour: Watch here
• Act-Belong-Commit: https://www.actbelongcommit.org.au/
• “Chats for Life” App: https://au.reachout.com/tools-and-apps/chats-for-life

P.S. If you’re struggling with

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Folks, we’ve got your voicemail messages… and, yep, today we’re giving you our reply!

‘Cos it’s our favourite day of the month… Q&A Day where we answer YOUR SpeakPipe Questions! And, we’ve gotta admit… a few of you folks have asked us about “The Elephant in The Room”… aka… a certain Barefoot Investor and how Scott Pape’s money management differs from our Money SMARTS system. Oh, and of course, there are also some contrasting views on the property as a long-term investment as well… which, as you likely know, is something we’re pretty keen on…

So let’s tackle the answer, shall we??

Before we get into your questions, here are the resources mentioned today…

• CoreLogic’s Auction Clearance Rate Bounce
• TPC Live — Last Day TOMORROW Friday 21st June (GET FULL DETAILS)

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Want to hear from a guest listener who was Snagged by Spruikers and Bought Off The Plan? ….. AND STILL, somehow managed to turn their property portfolio around?

Yep, it’s an Epic story, folks! And today’s guest, Danson Kwok, sure has HEAPS of tips & tricks — incl. how to maintain a solid mindset even through dark times — to share with you!!

So. What triggered all this? AND how did Danson and his wife maintain their belief in property to get to where they are today?

… Let’s find out!!

Oh, and folks….. we’ve got a bit of “backstage” info to share with you…

We’re filming our FIRST EVER ONLINE COURSE!!! And we wanna invite you to come along live and watch it for free!

Here’s the deal, right… We get that everyone’s at different stages of their journey. Some of you folks are cool just to get your info from the podcast each week (which we LOVE!)… and some of you are itching to get your hands on more valuable content… BUT… for whatever reason…you’re simply not in a position to seek advice OR maybe you want to have a crack at doing it yourself (DIY Style)!! SO we’re creating a 6+hour online course consisting of OUR ABSOLUTE BEST GOLD… which we’ll later sell for a few hundred bucks for the folks who want that Next-level knowledge!

But… ‘cos you’re already in our tribe, we want to let you access it for FREE… one time while we’re alive…!!

And here’s the list of resources mentioned today!

• Join PICA here: www.pica.asn.au/join
• MMSA Facebook Group: Join here
• Effie’s Book Giveaway: Participate here
• The Mortgage Broking and Apprentice role: Apply here
• CoreLogic’s May Data Chart Pack: Find out more here

Make sure you tune in today!

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Folks, we’re up and about today!

Because not only is our dear friend Effie Zahos… aka the Money Queen… finally back on the Couch with us (It was WAAAY back in Episode 105 that we last checked in with her)… there’s also been a bit of a rate movement this week… the first in nearly 3 years! (Well, that, and our footy teams’ played each other on the weekend and Bryce came out on top of ol’ mate Kingsley!!)

What this rate movement means is a little more money in the bank for mortgage owners, which, especially when coupled with today’s episode that’s jam-packed full of Money Hacks, means that there’s a bit of extra money on the table that you can put to work for you. Of course, it does also mean that the Australian economy isn’t performing as well as the Reserve Bank of Australia (RBA) had hoped, and ultimately there’s a LOT to be said about this decision. So, Ben has created a video on the June RBA Cash Rate Drop, which goes into detail about all this. You can check out the new rate announcement here.

But back to the wonderful, wise and VERY money-savvy guest who’s joined us today…!

It’ll probably come as no surprise to you who the Money Queen is… but we’ll take no chances… and remove all doubt as to who Effie Zahos is!!! She is indeed the “Money” Queen… as in Money Magazine‘s finance editor for over 22 years! Well, we should say WAS the editor cos up until very recently, Effie decided to hang up her Money boots and walk in her own shoes instead… and she’s JUST released a brand new book, A Real Girl’s Guide to Money: From Converse to Louboutins!!

And today she’s sharing her best Money Hacks and financial tips so that you can stay on track of your hard-earned cash and make sure you have enough in retirement!

And, yep, if you hadn’t put two and two together yet… Effie’s personally worked alongside the likes of the

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So… no surprises here folks. We’ve got a rate cut!

Phillip Lowe already indicated RBA’s decision to cut the cash rate two weeks ago in his Address to the Economic Society of Australia.

Nonetheless, we are still excited to share that the cash rate is now at 1.25%.

AND there are heaps to unpack today folks and is probably the longest RBA Commentary that Ben has ever done. Before we get there, here are a few resources that he’s mentioned:

• RBA’s Statement on Monetary Policy – May 2019
• The Morrison Government’s First Home Loan Deposit Scheme
• The new low and middle-income tax offset announced in the 2018 – 19 Budget

 Now, let’s dive into RBA June 2019 Cash Rate Announcement!

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 its 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.

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👉 Goo

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Well, well, well…. Have we hit the bottom of the market folks???

In the shadows of the election — aka the Coalition’s surprise victory — it appears that confidence has returned to the property market!

And now the crystal ball question — “When’s the bottom of the property market happening?” may not be as cryptic (or as distant from us!!) as we first thought!

So. What do we mean by this?

Well, let’s put it another way… We jumped on a plane last week especially to bring you back the insights from today’s guest!!! And you just might recognise him —Louis Christopher the Director of SQM Research and one of Australia’s most respected and impartial Research Property Analysts. He has extensive knowledge and experience of property and is regularly quoted in the media on his insights!

And he’s NOT afraid to tell it like it is.

So… what’s his latest data suggesting?

Before you meet the man behind the media and get to hear his forecasts, we just want to remind you that, yes, even though PICA likely had a bit of an impact on the election results, our work on behalf of all Australian property investors is by no means done.

And as Ben talks about in today’s show —- there’s obviously MUCH more PICA’s aiming to achieve, so if you’d like to become a member for as little as $5, please Become a Member Today.

Is something stopping you from joining PICA? Let Ben know here.

AND THE BIGGIE…

• When’s the bottom of the market likely going to happen?

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Well, folks — Australia’s officially had their say after Saturday’s voting spree… and The Coalition are holding tight on its power for another term! Which surprised a lot of us. BUT there is a silver lining…

… Negative Gearing has survived another day!!

Which basically means… NO dumb policy is about to cripple the property market any time soon!!

But the question remains… what are we in for now??

Joining us today is Angie Zigomanis, Senior Manager at BIS Oxford Economics and he’s got his binoculars pointing to the horizon… because the data he’s been scrutinising is exposing a LOT about what we’re about the see unfold in the property market!

The big picture??

Off the Plan properties…. !!!

Resources mentioned in today’s show:

• The Perils of Buying Off the Plan article
• QBE Australian Housing Outlook forecast report from Angie and his team

Oh, and if you’re around tonight folks, tune in to Escape From the City — Bryce is on ABC TV TONIGHT at 8:00PM!

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- Make Money Simple Again

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-

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Have you ever thought about WHO will be living in your investment property

Chances are, you have! Because folks… an investment property is pretty useless without a tenant/s in it!! After all, you need these guys to help pay off your mortgage!

So. Are they all the same??

What TYPES of tenants are out there and what can you expect from each one?

Well, here’s the deal… we think there are FOUR tiers of tenants.

Let’s meet them, shall we?

Oh, and FYI: Ben’s “Did You Know” is off the charts… we don’t think we’ve ever seen him this prepared in our podcast history — so make sure you stick around for that!!!

Resources mentioned in today’s show:

• Ben’s History Lesson on Negative Gearing
• Ben’s Article in the Financial Review (may be subscriber access only, sorry folks)
• Ben’s Money Magazine Cover Story – Pay off Your Mortgage or Invest? (Subscribe to Money HERE)
• PICA’s Webinar — Get the Replay — Sign up as a Member

Loved the episode? You might also like:

• Episode 082 | Q&A – Great tenants vs higher rents, Investing in property overseas, Managing leverage and more
• Episode 189 | Q & A – Vic Residential Tenancy Changes and “Legoland” in a Good Location
• Episode 227 | Exposed: “Dodgy Data” Driving Labor’s Negative Gearing Policy

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Have you ever wanted to know how the changes to negative gearing will affect YOU???

Because folks, let’s face it… Labor’s policy to turn the lights out on negative gearing isn’t just going to affect the property market and potentially the ENTIRE Australian economy… the policy IS going to impact property investors, whether we like it or not.

So we want you to be prepared and know what’s coming our way! And that’s why earlier in the week, we asked our Facebook Tribe, “What’s your #1 Question on Negative Gearing?”

And, as you can imagine, today we’re going to be answering as many of these questions (there were LOTS) as humanly possible (well, without having this episode drag on for a day and a half!)

We’ll also be covering WHAT EXACTLY Labor is proposing to change, when these changes are officially kicking in, how it impacts the losses you can claim etc. etc. etc…

.. And PICA is also throwing a webinar TONIGHT at 7:00PM Thursday 9th May including a Market Update from Tim Lawless, Director of Research at CoreLogic as well as a deep dive into Negative Gearing and Labor’s policy. To watch, you need to be a PICA Member (or become a member for $5) — If you want to watch, you can find out more about the PICA webinar HERE.

FREE RESOURCES MENTIONED:

• To Access Ben’s Negative Gearing Series CLICK HERE
• To Get Ben’s Latest RBA Cash Rate Announcement CLICK HERE
• We’ve announced the winner for our Denise Book Giveaway! Brook Lyn, if you’re reading this, please get in touch with us on Facebook or [email protected]. And for the rest of you who participated, thank you so much as well! We’d love to give you a copy of our newest best-seller, Make Money Simple Again. Just get in touch with us with your name and best postal address and we’ll send it to you!

LISTEN TO

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With zero inflation for the quarter and an upcoming election, this month’s RBA Cash Rate is probably one the most interesting ones we’ve had for a while!

It’s that time of the month again which means the RBA Board has met and announced the official cash rate.

And wow! There must be an intense discussion going on within the board. Here’s a quick update on what’s been happening:

• The inflation numbers for the March quarter are out and yes, we’ve got zero inflation which brings the annualised inflation rate to 1.3%.
• The 2019 Federal Election is less than a fortnight away – May 18th!
• CoreLogic has just released Australia’s Dwelling Values for April
• and more! Tune in to the podcast to find out now.

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- Make Money Simple Again

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👉 Web platform: https://www.moorr.com.au/

FREE MASTERCLASS:
- How to Build a Property Portfolio and Retire on $2,000 a week >>

FREE BEST-SELLING BOOKS:
- The Armchair Guide to Property Investing
- Make Money Simple Again

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