The Property Trio (formerly The Property Planner, Buyer and Professor)

Did you know that purchasing three homes and selling your first two over your property journey can equate to a financial loss of 10% of your lifetime earnings? You work too hard to throw away that kind of money! In episode 37, we discuss "Needing to sell property too soon" - No. 7 of the top 7 Critical Mistakes. Listen as David Johnston, Cate Bakos and Peter Koulizos take you through the causes that trigger a premature decision to sell, how you can maximise your ability to hold property and how selling properties can impact your bottom line during the 'flexibility stage of life'. Link to show notes: http://bit.ly/2xhnScH

It's time to play a game of "which would you rather?" An investment property with a great floor plan and a daggy fit-out or a freshly renovated dwelling with living areas located in places that make you scratch your head? A location under a flight path but close to the CBD, or away from a flight path, but further away from the city? In episode 36, we discuss "Buying the wrong property and/or the wrong location" #6 of the top 7 Critical Mistakes. Listen as David Johnston, Cate Bakos and Peter Koulizos take you through what exactly is a 'wrong' location and property, tips that will help you spot a winning location, pocket, street and property, and many of the key questions to ask yourself about what you're willing to compromise on. Because unfortunately, compromise is inevitable. No properties will rate as a 100/100. Link to show notes: http://bit.ly/32KPpiD

In this episode, we tackle the art and science of recognising and removing emotions when purchasing a property. When we are not thinking objectively, we risk making poor impulsive decisions. In the property game, this can mean purchasing an under-performing asset, losing money, having to start all over again and regretting the home you have chosen for yourself. So how do emotions impact our judgement and decision making? This question has been explored in great depth in the last couple of decades, so much so that 'Judgement and Decision Making' has now been reduced to an acronym, JDM, in the world of social science. Take a listen as David Johnston, Cate Bakos and Peter Koulizos take you through the property related causes of emotional decision making, how you can detach yourself to make objective decisions and the emotional biases that we all have. EP # 35 - "Emotional decision making" - No.5 of the top 7 Critical Mistakes. Link to show notes: http://bit.ly/2Pm5GVD

How does an extra cool million $$ sound for your retirement? Or how about a war chest that will get you through any battle life throws at you? An effective Mortgage strategy can make this difference for you, but it is the least understood discipline of finance professionals. Why is that, when for most people, it's your largest expense? Ever. In episode 34, we discuss "No mortgage strategy" - No.4 of the top 7 Critical Mistakes. Listen as David Johnston, Cate Bakos and Peter Koulizos take you through why mortgage strategy is vital to create wealth and protect your downside. Link to show notes: http://bit.ly/38FspU4

Have you ever done a long-distance run with a blindfold on? It takes longer, you come across bumps and collect some bruises on the way. Not very effective if you'd like to cross the finish line in one piece Or at all. Yet many people buy property without a plan or clear idea of where they want to end up. This is the property equivalent of getting into the starting blocks with the blindfold on. Which brings us to number 3 of our 7 critical mistakes. In episode 33, we discuss "Starting without a plan and an end goal - No.3 of the top 7 Critical Mistakes". Listen as David Johnston, Cate Bakos and Peter Koulizos take you through why planning is critical to success, the mistakes to avoid when putting together your plan and the misconceptions that trap property investors. Link to show notes: http://bit.ly/2SujwWG

Give me one dollar and I'll give you 35 cents back. Doesn't sound like a great deal does it? In fact, it sounds like you've been cheated. Yet property spruikers will point to tax deductions as a reason to invest. In their property. That they are trying to sell you. Which they make a margin on. At your expense. The ability to claim a tax deduction is certainly a benefit, but it should never be the primary reason for investing. And it definitely does NOT mean that the property you are purchasing is a quality investment. In episode 32, we discuss "Misunderstanding what makes a good property investment" - No.2 of the top 7 Critical Mistakes. Listen as David Johnston, Cate Bakos and Peter Koulizos take you through examples of the wrong reasons behind why some people invest in property. Link to show notes: http://bit.ly/2OnG0as

We all love the idea of a get rich quick scheme. Just imagine planting some money, growing it in abundance and next week you're off on holiday... indefinitely. Most of us understand that in reality, that's not how things work. In fact, get rich quick schemes are commonly a great way to lose your money. In episode 31, we discuss "Get rich quick schemes - No.1 of the top 7 Critical Mistakes" Listen as David Johnston, Cate Bakos and Peter Koulizos take you through the schemes to look out for, why higher returns demand higher risk and why if it sounds too good to be true, it probably is. Link to show notes: http://bit.ly/2vkjadd

Money - it can be your best friend or your worst nightmare. Being able to manage your money is not only vital to financial success, it is also critical to your mental well-being. Most research shows that concerns about money are in the top 1 or 2 stressors of our lives. It only takes a few big bills to make you feel like your credit card or depleting savings is a runaway horse, threatening to buck you further away from your goals. But we aim to get you back in the driver's seat and on track to achieving your ideal lifestyle. In episode 30, we discuss "Money Management - 7 steps to success". Listen as David Johnston, Cate Bakos and Peter Koulizos take you through the 7 steps to implementing an effective money management system, the critical mistakes to avoid and how you can spend more money on what matters most to you. Link to show notes:: http://bit.ly/2NK0RV4

So, you've found the property for you and now comes the negotiation battle. Get ready and brace yourself! It may be time to put down your shield and sword. Not all negotiations are adversarial back and forth matches of strikes and sneaky jabs. Sometimes the softer approach is the winning one. In episode 29, we discuss "Congenial negotiation tactics and how to apply them in the right situation". Listen as David Johnston, Cate Bakos and Peter Koulizos take us through how to build trust with real estate agents and get on their good side, why adversarial negotiations are not always desirable and how you can cut the competition off at the knees. Link to show notes: http://bit.ly/2FJdKKZ

Jump on the roller coaster as we take a look at 2019 in the rear view mirror. If you look to your left you will see the Royal Commission into Banking coming to a close with a slap on the wrist for lenders. On the right we have the LNP with a surprise victory, taking out the election. Back to your left is APRA reducing the assessment rate and caps on lending and the RBA slashing rates. Hold on to your hat's ladies and gentlemen! We've hit the trough and started to climb. In episode 28, we discuss "2019, the year that was (and a sneak peek at 2020)". Listen as David Johnston, Cate Bakos and Peter Koulizos take us through the events that shaped the property market as we shut the door on 2019 and some predictions of what's in store for 2020. Visit the show notes: http://bit.ly/2EJs1Xl