The Property Couch

We have a guest on the show today!

Kieran Clair, Editor of Australian Property Investor Magazine joined Bryce and Ben to talk about his role in the media and publication industry specialising in property investing. 

Prior to journalism, Kieran was an experienced property valuer and has more than 20 years of experience valuing properties for owner-occupiers and property investors. So for today’s show, the three of them will be discussing:

• Kieran’s experience as an investor and what motivated him to build his portfolio.
• The mistakes, lessons, and investing tips he learned as an investor.
• His role as the editor of API Magazine.
• How the property valuation industry has changed over the years.
• What’s the property valuation process like?
• The types of properties that tend to be valued below market price.
• Factors and considerations that would affect a property’s value from a valuer’s point of view.

Other links:

• Herron Todd White’s Monthly – Find out more
• Any feedback for API Magazine? Email them here: [email protected]

P.S.: You may have noticed that the audio quality for today’s podcast is not as clear as it usually is. We experienced a few technical difficulties while recording and we do apologise for this hiccup.

If you enjoyed this episode of “Property Valuation Process and the Journey of a Property Investor – Chat with Kieran Clair”, don’t forget to rate us on our iTunes channel (The Property Couch Podcast) or our Facebook page. If you have any questions or ideas, feel free to drop us your thoughts here: https://thepropertycouch.com.au/topics/

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Well, technically winter is already here. However, we will be talking about the Property Market in this episode and for all of you who are a fan of Game of Thrones, you’ve guessed it right. It’s not going to be a good news story.

Now, you’ve heard us talking about the danger of high-density developments before but this time, we are hoping to solidify our message by sharing some numbers with you. It is not a secret that we’ve seen a whole lot higher to medium-density apartments coming into the market in the last 24 months and a lot more will be completed in the next 18 months. Below is the table that Bryce and Ben were talking about in the podcast.

This data is an extract from CoreLogic’s article dated 16 May 2016 called ‘Record high unit construction increases settlement risk’. To read CoreLogic’s commentary, please click here.

So how will this affect the Australian Property Market and its existing properties? Will there be a significant market correction and if so, should buyers stay off until this happens? Bryce and Ben will also be answering a question from Vlad:

John Symond on 3AW predicted a 10-20% fall in property prices if Labour’s policy on negative gearing were to be implemented. Given the uncertainty, is it prudent to wait until after the election to make decisions about investing in property and to see, should labour win, what their sledgehammer will do to the market?

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 (Winter is coming and the air will be colder up high), 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://tpcaustralia.wpengine.com/topics/.

LISTEN TO THE FIRST 20 EPISODES HERE >>

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Today’s episode starts with a recap on the AREC16 Conference (ps: Bryce refused to talk about AFL). Bryce and Ben also discussed the possible impact of technology on the property market for example, what would happen if we don’t need to drive a car in the future anymore? Would car spots still be a consideration in asset selection?

They then moved on to answering a couple of the listeners’ questions below;

• Asset selection question from James.
• Next step question from Mat.
• Question on strata properties from Sarah.
• Question on timing the market from Leighton.

If you like this Q&A episode (How will technology impacts the property market, investing in strata properties 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://tpcaustralia.wpengine.com/topics/.


LISTEN TO THE FIRST 20 EPISODES HERE >>

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

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LISTEN TO THE FIRST 20 EPISODES HERE >>

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👉 Google Play: https://bit.ly/3OT86bW
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It has been quite some time since our last case study so this time on The Property Couch, Bryce and Ben will be discussing one of the case studies that we’ve received from our fellow listeners! Here’s what Tom wrote to us:

After listening to Episode 56 where you discussed various other case studies I thought I might write in to see if you were interested in discussing our situation. I’ll try and keep it short!

About 18 months ago we signed another contract, this time on a 4-bed H & L in Doolandella, 18kms out of Brisbane for circa $400k. After a long land settlement, this was completed yesterday and will be advertised for rent tomorrow. Looking at about a 4.9% yield. Again, this is on an interest-only loan at 90%. Deposit and costs were paid from our savings – I know, huge mistake!

We have just had our first child and Kirby is now off work. We have a ~$45k buffer in our PPOR offset and somehow are still managing to save, even though Kirby is off work, although receiving maternity leave payments.

We use a credit card to pay for 95% of our spending and repay at the end of every month to ensure no interest payments.

So, we are still very keen to use the property as our investment vehicle and have learned so much in the last year but are now stuck as to our next step. We doubt we would have enough equity to purchase again now and the fact Kirby is off work will severely hamper our serviceability. She will return to work at the start of 2017.

Questions:

• Do we sell both/one of our current properties? We’d like to keep it if possible as I am a firm believer in buy and hold, although will they hamper us moving forward?
• Where to from here?

Any information from you would be extremely appreciated. I’m sure there are a number of people who have used ‘property spruikers’ such as these to purchase less-than-ideal investments.

If you like this case study episode, 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://tpcaustralia.wpengine.com/topics/.

LISTEN TO THE FIRST 20 EPISODES HERE >>

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

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- Make Money Simple Again

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LISTEN TO THE FIRST 20 EPISODES HERE >>

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👉 Google Play: https://bit.ly/3OT86bW
👉 Web platform:  https://www.moorr.com.au/     

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

FREE BEST-SELLING BOOKS:
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- Make Money Simple Again

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It’s Q&A time again! This week on The Property Couch, Bryce Holdaway and Ben Kingsley will be answering the questions below from our fellow listeners. Thanks again for submitting your questions!

• Next step to building a portfolio question from Derrick: 
• Size of portfolio question from Jason: 
• Question on leverage from James: 
• IP or PPOR question from Karla: 
• Case study question from Deanna:  I am 22 yrs old and am convinced of the benefits of property as a long-term wealth-building strategy, for now, I am trying to develop as much understanding as I can. My questions are as follows:
  • Do you recommend that the first property that someone buys is for PPOR or can it sometimes be an IP?
  • What is your opinion of young people utilising the first home buyers grant? 
  • What is your opinion on diversifying wealth-building strategies? For example, do you observe in your successful clients that they are involved in property investment only or do they often also include other investments such as a share portfolio in their strategy?

References:

• Money magazine – Special Real Estate Edition – Buy here
• ABC News article: Who uses negative gearing in Australia? – Read here
• RP Data: Weekly rents have continued to fall over the past year – Read here
• 2GB Ross Greenwood chat with Roger Montgomery – Listen here
• Qantas in-flight radio: Alan Kohler chat with Bryce Holdaway – Listen Here

If you like this Q&A episode (Exiting a contract, crowdfunding, what’s the impact of global events on the Australia Property Market 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://tpcaustralia.wpengine.com/topics/.

LISTEN TO THE FIRST 20 EPISODES HERE >>

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

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- Make Money Simple Again

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LISTEN TO THE FIRST 20 EPISODES HERE >>

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What a week in the property industry!

It started off with ABC’s Four Corners Monday night segment called Home Truths. This episode focused on housing affordability and negative gearing and they interviewed a few parties for this segment.

Following that, we have the Cash Rate announcement at 2:30 pm on Tuesday. As widely expected, the Reserve Bank of Australia has dropped the cash rate by 25 basis points to 1.75%. A few factors contributed to this decision but one of the main reasons is the deflation recorded in the January – March 2016 CPI data. Although most economists have forecasted this movement, there aren’t many who talked about the changes that lenders would make. Would they pass on the full rate cut? What other changes would they implement following RBA’s decision? How will this affect the current mortgage holders?

Finally, on Tuesday night, we got the 2016 Budget announcement by Scott Morrison. With so many speculations surrounding the negative gearing policy, what would the Government propose? Hence, this week on The Property Couch podcast, Bryce Holdaway and Ben Kingsley will be talking about all these discussions and how will it affect The Great Australian Dream. 

Tune in to start listening now!

Resources mentioned in this episode:

• RBA May 2016 Cash rate announcement – Watch here
• 2016 Budget Announcement – Read here
• ABC Four Corner’s segment on housing affordability – Watch here
• ATO’s Taxation Statistics 2013–14 – Read here

If you like this podcast: “Does the Great Australian Dream still exist?”, 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.


LISTEN TO THE FIRST 20 EPISODES HERE >>

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- Make Money Simple Again

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LISTEN TO THE FIRST 20 EPISODES HERE >>

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👉 Google Play: https://bit.ly/3OT86bW
👉 Web platform:  https://www.moorr.com.au/     

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

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- Make Money Simple Again

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Listeners of The Property Couch will probably know our views on property renovation. 

If it’s a small project such as fresh paint, we are all over it but if you are looking at renovating for profit, we always ask our listeners to proceed with caution because a renovation project can be quite daunting for the inexperienced. 

In this episode, Bryce and Ben invite a close friend and fellow property expert (especially when it comes to renovation!), Jane Slack-Smith from Your Property Success to share some of her views and tips on property education and renovation! 

The three of them talk all things property & renovation including:

• The different types of property education seminars in the market
• How to ensure you are getting your own independent views
• The right mindset when it comes to property renovation
• Characteristics of a successful renovator
• Considerations and risks that you need to weigh up prior to starting a renovation project
• Property renovation tips for beginners

If you are interested in the 20 Essential Renovating for Profit Tips report mentioned in this episode, head here.

LISTEN TO THE FIRST 20 EPISODES HERE >>

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It’s Episode 60 and we’ve got a special guest on the show today!

Bryce and Ben have invited Chris Gray, host of  ‘Your Property Empire’, on Sky News Business Channel and CEO of Empire Property to talk about all things property. Apart from being a property expert, Chris also manages his own property portfolio and is currently a rentvestor. In fact, he has been rentvesting for quite some time. 

So, drawing from his experience, the three of them will be discussing:

• How he built his property portfolio through rentvesting
• The considerations for investors if they decide to adopt this investment strategy
• The required mindset for rentvestors
• The scenarios where rentvesting is worth implementing
• What kind of expectations you would get from family and friends
• How to look at the numbers and ensure your cash flow is taken care of

They will also be discussing the lessons learned along the way and what they think about the current Australian Property Market. 

LISTEN TO THE FIRST 20 EPISODES HERE >>

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As mentioned in the podcast, Bryce Holdaway and Ben Kingsley will be talking about rentvesting today!

It’s not a common property investing strategy but it is gaining some momentum amongst Australian property investors. In fact, Ben was asked to write about this for the recent cover story of Money Magazine.

In this episode, our hosts will be explaining what this strategy is all about. The concept is fairly simple but it is important to note that rentvesting is NOT for everyone. You need to look at your numbers and make sure that it works for your cash flow position.

There a few other considerations that you’ll need to think about as well before jumping in… such as how it’ll benefit your household’s circumstances and how comfortable you are with the concept of renting.

P.S. There’s also an update on the negative gearing debate at the end of the episode! 🙂

LISTEN TO THE FIRST 20 EPISODES HERE >>

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In recent weeks, a few lenders have begun to tighten their terms and conditions on apartments in certain suburbs across Australia. Needless to say, some commentators are putting a blanket statement on the future of apartments and claim that they are looking rather bleak at the moment. However, how much impact will these changes have on apartment value and if so, will it affect all types of apartments?

Listeners that have followed this podcast since its inception would know about Bryce and Ben’s view on apartments. Whether it is a brand-new one-bedroom apartment in the city centre or an attractive off-the-plan deal, our hosts still prefer established apartments in great locations. As property investment advisors and buyer’s agents, they have advised hundreds of clients to invest in apartments so, are they worried about this lending restriction? Are they expecting a massive drop in apartment value and where are they seeing this happening? Listen to this podcast to find out more.

The article mentioned in this post:

• Apartment lender AMP blacklists more than 140 suburbs – Read more

If you like this podcast: “Will apartments value drop by 50%?”, 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://tpcaustralia.wpengine.com/topics/.

LISTEN TO THE FIRST 20 EPISODES HERE >>

MOORR MONEY MANAGEMENT APP:
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👉 Google Play: https://bit.ly/3OT86bW
👉 Web platform:  https://www.moorr.com.au/     

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- 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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LISTEN TO THE FIRST 20 EPISODES HERE >>

MOORR MONEY MANAGEMENT APP:
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👉 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:
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