The Property Couch

It’s beginning to look a lot like…… Spending!

That’s right, folks. Christmas is just around the corner, and let’s face it: it’s an expensive time of the year for all of us.

So we thought we’d share some money management tips so you avoid filling the stocking with all your hard earned cash. We’ve also taken apart the latest CBA Report, which explains some alarming spending habits that you and a whole lot of Australian’s are doing in December.

Plus, we’ve got a ripper SURPRISE FOR OUR 150TH EPISODE next week. Yep — not only is The Stig opening, closing and Life Hack-ing the show (thanks to your Movember donations, woot woot) — but also, we have a SERIOUSLY EXCITING GUEST ON!!! It’s someone we’ve been trying to get on for a loooooong time.

Want to find out who it is?

You’ll find out in today’s episode!!! (After all, we’re in the festive spirit.)

*****Also, stay tuned to the end and you’ll bear witness to Ben’s truly ridiculous Did You Know?*****

So, what are we on about today?

• How can you use our Money Management System in the lead-up to Christmas?
• What date in December do Aussies spend the most? (Hint: it’s not Christmas Eve.)
• Seriously, how much is it costing you?
• What is the Number One thing that we ALWAYS do with our credit card?
• How should you be managing your credit card?
• What should the limit be on your credit card?
• Should you buy in-store or online?
• Can you MAKE money at Christmas?
• How should you be managing your money this time of the year?
• What can you do to avoid stretching your investing budget?
• Could you do Ben’s Savings Tip?

LISTEN TO THE FIRST 20 EPISODES HERE >>

MOORR MONEY MANAGEMENT APP:
👉 Apple: https://apple.co/3ioICGW
👉 Google Play: https://bit.ly/3OT86bW
👉 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

FIND US HERE:
- Website
- Instagram
- Facebook
- Youtube

LISTEN TO THE FIRST 20 EPISODES HERE >>

MOORR MONEY MANAGEMENT APP:
👉 Apple: https://apple.co/3ioICGW
👉 Google Play: https://bit.ly/3OT86bW
👉 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

FIND US HERE:
- Website
- Instagram
- Facebook
- Youtube

Alright, folks …. This is a jam-packed episode!! 2 GUESTS, Q & A and some big announcements! So, where do we start?

First up … We have reached our Movember target of $10,000 big ones! A massive shout out to those who have donated, and a little reminder for those who haven’t done so yet: Donate $25 or more and get a FREE book! If we hit $11,000 Bryce will do his own Webinar TOO!!

(Ben’s webinar is coming up soon! You can access his Principle and Interest versus Interest Only Webinar AND his Working Out Your Retirement Shortfall Webinar by Downloading our Money SMARTS SYSTEM here.)

Speaking of Movember, our first guest is Sam Gledhill. He’s the Global Action Plan (GAP) Program Manager at Movember and he has some seriously interesting (not to mention seriously important) stuff to share with you! With a background in nuclear medicine technology — having been with the Foundation since 2012 and now responsible for the overall investments in Testicular Cancer — Sam will explain exactly why your donation is, literally, lifesaving.

Secondly, it’s Q&A day AND we have another guest! Not only are we answering your voicemail messages, but also we’ve bought LocationScore’s director (and data nutcase), Jeremy Sheppard, back to The Couch! This time Jeremy will to tell you the supply and demand for each State and Territory, including the one showing the highest potential for capital growth.

Here’s a snapshot of what we’ll be chatting about today:

• What is a Letter of Authority from a Buyer's Agent?
• Do you need a Power of Authority if you’re working with a Buyers Agent?
• Is it a good idea to convert your existing home into an investment property?
• What are the limitations of getting finance for a property under 50sqm?
• Should you spend more if it gets you closer to the city?
• What’s the difference between price and value?
• What’s new in the market?
• Which state holds the highest LocationScore for capital growth?
• Is the “Property Bubble” in Sydney about to “burst”?
• Is there still capital growth in Melbourne?

LISTEN TO THE FIRST 20 EPISODES HERE >>

MOORR MONEY MANAGEMENT APP:
👉 Apple: https://apple.co/3ioICGW
👉 Google Play: https://bit.ly/3OT86bW
👉 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

FIND US HERE:
- Website
- Instagram
- Facebook
- Yout

LISTEN TO THE FIRST 20 EPISODES HERE >>

MOORR MONEY MANAGEMENT APP:
👉 Apple: https://apple.co/3ioICGW
👉 Google Play: https://bit.ly/3OT86bW
👉 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

FIND US HERE:
- Website
- Instagram
- Facebook
- Youtube

It’s Q & A day BUT first things first … thank you!!

We have officially nailed our Movember target of $5,000!!!

And we’ve been busy parcelling The Armchair Guide to Property Investing for those of you who donated $25 or more (yep, for those who haven’t donated yet, you can still get a free book if you do this)!

PLUS, as Ben promised, he will be doing a Free Webinar on Working Out Your Retirement Gap … so stay tuned!!

In the first few minutes of today’s show, we also make an announcement on what happens if we hit our next target. (It has to do with Stiggy!!!)

But back to today’s Q & A on EXIT STRATEGIES, here’s what you’re in for:

• What are the exit strategies in retirement?
• Should you “live off the equity” when you retire?
• Why do you need to know your superannuation numbers?
• How do you reduce your debt?
• How many properties do you need to retire from?
• What’s the Rule of 25 again?
• Should you sell an off-the-plan apartment before settlement?
• Are the days of large property portfolios over?
• Should the purpose of investing be a tax deduction?

LISTEN TO THE FIRST 20 EPISODES HERE >>

MOORR MONEY MANAGEMENT APP:
👉 Apple: https://apple.co/3ioICGW
👉 Google Play: https://bit.ly/3OT86bW
👉 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

FIND US HERE:
- Website
- Instagram
- Facebook
- Youtube

LISTEN TO THE FIRST 20 EPISODES HERE >>

MOORR MONEY MANAGEMENT APP:
👉 Apple: https://apple.co/3ioICGW
👉 Google Play: https://bit.ly/3OT86bW
👉 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

FIND US HERE:
- Website
- Instagram
- Facebook
- Youtube

Happy Podcast Day folks! Aside from growing our moustaches for Movember, this week we’ve also been growing a ripper episode for you **drum roll please** …

Today, we’re giving you the 10 Reasons Why You’re Not Rich Yet!!!

So why haven’t you got the money you thought you’d have by now? When is the suitcase of cash finally going to land at your feet? Is it something you might be doing/not doing?

Yep, this one just might make you have a long, hard look at yourself.  Because there are TEN reasons — a few of which you might be doing now — that are blocking your shot at financial freedom.

How do you do it?

1. Go to our Mo’s Team Page here and donate $25 or more.
2. Once you’ve done it, let us know by commenting on this Facebook Post here.
3. We’ll send you the book. Easy!

AND if we hit our target of raising $5,000 for Movember, Ben has promised to create a FREE WEBINAR on Working Out Your Retirement Gap! But we need to hit the $5,000 mark to make him prioritise this. Remember, it’s for a great cause (and you get to see the guys look ridiculous for another 2 weeks)!

Alright, where’s the money at? (What you can expect in today’s show.)

• The mistake Bryce made in his twenties, which you might be making now
• Is there more to wealth than never spending?
• The power of compounding right now
• Why you shouldn’t just budget for it.
• How to get the best out of a Buyers Agent so they make you more money
• The choices rich people make that you can make too
• Why the moving parts of your cash flow have a lot to do with it
• How long will it take until you’re rich?
• What can you learn from Roger Federer and Qantas?
• Can you get rich just by thinking about it?
• The balancing act you need to master
• The bad advice you’re listening to that’s stealing your money!
• What do wealthy people think about debt?

LISTEN TO THE FIRST 20 EPISODES HERE >>

MOORR MONEY MANAGEMENT APP:
👉 Apple: https://apple.co/3ioICGW
👉 Google Play: https://bit.ly/3OT86bW
👉 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

FIND US HERE:
- Website
- Instagram
- Facebook
- Youtube

LISTEN TO THE FIRST 20 EPISODES HERE >>

MOORR MONEY MANAGEMENT APP:
👉 Apple: https://apple.co/3ioICGW
👉 Google Play: https://bit.ly/3OT86bW
👉 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

FIND US HERE:
- Website
- Instagram
- Facebook
- Youtube

Now… it’s Framework Time!! The last framework that we unpacked was Episode 137 on Tips for Buying in Spring so we think we are a little overdue for another one.

The topic that we’ll be chatting about today doesn’t happen all the time, of course, but it does happen: Vendors sell BEFORE they go to auction.

Have you ever wondered why??

Today, we’re exploring some of the main reasons explaining an early sell in this situation. Because if you’re selling (side note: hopefully you’ve received professional advice about this), it pays to know which tactics could be lurking around the corner for you. Of course, if you’re interested in buying property, it saves to know how to negotiate a win before the bidding has had a chance to begin!

So, is selling before auction as clear-cut as we might think?

Yep, today we’re digging into the heart of it:

• Firstly, who really wants an auction in the first place?
• What are the ‘bigger picture’ reasons to explain this exit strategy?
• Could the real estate agent be outsmarting you?
• What happens when you have limited buyer interest?
• Can you take an ‘ugly’ property to auction?
• Is a premium offer enough to make a vendor sell?
• What is the rare thing that happens more than you think?
• How does age influence an early sale?
• What do you need to look out for?
• Do you have confidence in the Australian residential property market?
• What does it take to persuade a vendor to sell to you?

P.S. Folks, we’re doing Movember this month! If you would like to support the cause that helps tackle the serious issues affecting men’s health, feel free to donate here. (Bucket loads of good karma await you.)

P.S.S. Want more info on PICA? Head to www.pica.asn.au

LISTEN TO THE FIRST 20 EPISODES HERE >>

MOORR MONEY MANAGEMENT APP:
👉 Apple: https://apple.co/3ioICGW
👉 Google Play: https://bit.ly/3OT86bW
👉 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

FIND US HERE:
- Website
- Instagram
- Facebook
- Youtube

LISTEN TO THE FIRST 20 EPISODES HERE >>

MOORR MONEY MANAGEMENT APP:
👉 Apple: https://apple.co/3ioICGW
👉 Google Play: https://bit.ly/3OT86bW
👉 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

FIND US HERE:
- Website
- Instagram
- Facebook
- Youtube

We’ve spent the week in America, folks — so we thought we’d better bring you back a bit of gold!

Sitting by a pool in Dallas (yep), we scored some local intel on the American Property Market —like what’s making Texas a HOT place for investing — with today’s guest, Jeff Goins.

So who’s Jeff? A full-time investor of “Tax Deeds” in Texas which includes house “flipping”, he has a builder’s license and a sponge of property knowledge. What’s most eye-opening though, is his local insight into how Americans invest in residential property, including their lending rules and regulations, and their penalties for unpaid property taxes, which is VASTLY different from the way we Aussies do it!

Oh, and a couple of Texan “translations” before we start:

“Inventory” = Supply and Demand
“Rehab” = RenovateSo, what are we discussing?

• What’s the appeal of investing in the American market; particularly Texas?
• The US Government's involvement in their lending and how it triggered the global financial crisis?
• Aftermaths of the GFC and how they recover their confidence in the real estate market?
• The differences in Australia’s and America’s lending regulation
• What are the interest rates like?
• Understanding the geo-economic difference between both countries and how will it impact investors’ decisions
• Why is the average property price in America SO much cheaper?
• Are there offset accounts and are they able to leverage off equity?
• What happens if you don’t pay tax on your property?
• What do “Tax Liens” and Tax Deeds” mean?
• How can investors benefit from Tax Liens and Tax Deeds?
• Is there such a thing as residential property advice in America?
• Where are the auctions held in Texas? 

ALSO, we’re doing Movember this month! We’ve been supporting this cause for years but this time, we plan to expand the awareness on men’s health and help support the cause in our community. Our target is $5,000. Now, our show is free but if you think we are doing a good job, please donate here.

Every dollar counts! (Bucket loads of good karma await you.)

LISTEN TO THE FIRST 20 EPISODES HERE >>

MOORR MONEY MANAGEMENT APP:
👉 Apple: https://apple.co/3ioICGW
👉 Google Play: https://bit.ly/3OT86bW
👉 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

FIND US HERE:
- Website
- Instagram
- Facebook
- Youtube

LISTEN TO THE FIRST 20 EPISODES HERE >>

MOORR MONEY MANAGEMENT APP:
👉 Apple: https://apple.co/3ioICGW
👉 Google Play: https://bit.ly/3OT86bW
👉 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

FIND US HERE:
- Website
- Instagram
- Facebook
- Youtube

As promised, here’s our LIVE PODCAST from the Sydney Property Buyers Expo on the weekend! So if you missed our nail-biting chat with Greg Dickason, Chief Technology Officer at Corelogic, we have you covered!

First things first: CoreLogic is THE number 1 data provider in the world for property-related insights. Interested in learning the latest from a mouth that’s had a taste of what’s in store? Us too.

What can you expect?

• Who is CoreLogic providing its data to? (and why it REALLY matters!)
• What does Greg do in his role that will surprise you?
• How and where does CoreLogic collect its data and how are they analysed?
• When will this data transform the property industry?
• How will you make property decisions in the future?
• Is it possible for data to choose a property for you?
• Top tips from Greg on how to use data to help you in buying your next property.
• Can you buy this data yourself? How much is it?
• BEN ANNOUNCES PICA (Property Investors Council of Australia)!!
• Where can you access this data, right now?

LISTEN TO THE FIRST 20 EPISODES HERE >>

MOORR MONEY MANAGEMENT APP:
👉 Apple: https://apple.co/3ioICGW
👉 Google Play: https://bit.ly/3OT86bW
👉 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

FIND US HERE:
- Website
- Instagram
- Facebook
- Youtube

LISTEN TO THE FIRST 20 EPISODES HERE >>

MOORR MONEY MANAGEMENT APP:
👉 Apple: https://apple.co/3ioICGW
👉 Google Play: https://bit.ly/3OT86bW
👉 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

FIND US HERE:
- Website
- Instagram
- Facebook
- Youtube

Alright, folks, let’s get down to the “nitty gritty”… how long will it take you to achieve a passive income?

What about the limits of your age? Are you too old? Are you too young? Do you have an outstanding HECS debt to pay off?

In today’s Q&A, we will be discussing all of these and plenty of other tricky questions too.

Oh, AND we have two GUEST LISTENERS featuring on our podcast — don’t forget: you can feature on The Couch too if you leave us a voicemail message!

A handful of dot points for you:

• Is an apartment in the CBD a bad idea?
• When are you too old to begin investing in property?
• Should you pay off your HECS debt before you buy your first property?
• If you start right now, can you achieve a $1,000 passive income in 3 years?
• Which is better in the long term: a free-standing house or a unit in a better location?

And see you this Saturday at the Sydney Property Buyer Expo! Haven’t got your tickets yet? Click here to purchase your tickets and save $50 by using this discount code: PROPERTYCOUCH

And here are the questions from today’s show:

SpeakPipe Question from Michelle:

First of all, thank you for the podcast. I love every single episode of it — so keep up the good work!

My question today is: I have a property in Melbourne CBD, which is an apartment in a high-rise building. After listening to your podcast, I understand that this is a really bad purchase… should I sell it to fund the next purchase? 

And my second question is: Should I buy in blue-chip areas in Melbourne where the average price is $750,000 or should I start looking further away — regional Victoria or interstate, where the price is down to $400,000 – $500,000 and aim for better growth?

Thank you!

LISTEN TO THE FIRST 20 EPISODES HERE >>

MOORR MONEY MANAGEMENT APP:
👉 Apple: https://apple.co/3ioICGW
👉 Google Play: https://bit.ly/3OT86bW
👉 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

FIND US HERE:
- Website
- Instagram
- Facebook
- Youtube