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The fallout from the Royal Commission could cause house prices to fall.
All the major banking economists have come out to share their views. UBS believe that access to credit will tighten impacting future house price growth. Median residential property prices in Melbourne and Sydney are expected to drop by up to $1000 a week this year with additional falls in 2019, according to Shane Oliver, chief economist for AMP Capital. Nearly one million Australian households are estimated to be in mortgage stress, according to Digital Finance Analytics’ Mortgage Stress Update for March 2018.
The Royal Commission has been focusing on the due diligence of the lenders assessment process. No doubt, they’ll apply further influence across responsible lending requirements and outcomes. These upcoming changes are outside of your control and they will have an impact. So today, we’ll walk you though some of the changes taking place. Secondly, we’ll talk about the stuff that you can control to put you in the best position to grow the largest asset base you can with the money you can afford.
#rethink #reinvent #rentvest
www.loansonly.com.au | [email protected] -
The lending space is changing quickly. The Royal Commission has the potential to spark a credit crunch that will have wide impact on the economy. APRA's intervention and the ongoing focus on "Responsible Lending" is having a massive impact on the credit assessment process.
Jonathan Preston is an experienced mortgage broker and host of Australian Property Podcast (http://australianpropertypodcast.com.au). As a fellow broker Jonathan and I talk "shop", air some grievances and try to outline some of the challenges the borrowers are currently facing when trying to secure a new loan.
Let's get to it...
#rethink #reinvent #rentvest -
Manglende episoder?
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New research has identified 60 locations helping rentvestors win the wealth race against property owners.
LocationScore.com.au has crunched the numbers to identify the top five blue-chip suburbs in New South Wales, Victoria, Queensland, South Australia, Western Australia and Tasmania where renters are paying less than owners to enjoy the same top-notch lifestyle.
The company’s analysis also revealed five suburbs in each of those states where rentvestors buy to super-boost their portfolio returns. LocationScore.com.au Director of Research Jeremy Sheppard said savvy rentvestors are using both types of analysis to outwit homeowners in the investment race.
Jeremy joins The Rentvesting Podcast this week to break down the analysis and talk us through these top performing rentvesting suburbs.
Let's get to it...
#rethink #reinvent #rentvest -
Are you an investor, looking for investments with high demand and high yield, while also helping to ease the housing affordability crisis?
Ian Ugarte from Small is the New Big, teaches investors how to turn a healthy profit by investing in one of the most overlooked segments of the market - affordable housing. Ian talks us through the market segment of rooming houses and explains why they can be an excellent cash flow investment.
Ian is a passionate individual and has a great story to share. It’s an episode worth tuning into… let’s get to it!
#rethink #reinvent #rentvest -
Most individuals understand the basic skill set of how to earn money, through a salaried position or self-employment but it would be accurate to say that only a minority understand that building wealth is a completely different skill set. A lot of this links back to our financial literacy.
Marion Mays is a wealth mentor with a background in Banking, Consumer Lending, Debt and Asset Recovery, Financial Planning and Real Estate. In 2014 after more than two decades in the finance/wealth and property space, Marion founded Thalia Stanley Group to educate and assist individuals to improve their financial literacy and build wealth.
Marion is a passionate advocate for the prevention of domestic abuse and the rights of women and children in Australia. Thalia Stanley Group supports and donates to several domestic violence related causes ongoing as part of our social responsibility to assist those who need help.
To find our more about Marion and the Thalia Stanley Group please visit: https://www.thaliastanley.com.au/. To reserve your seat for the next event that Marion referred to please visit: https://www.thaliastanley.com.au/events -
Catherine Cashmore from Anderson & Cashmore joins The Rentvesting Podcast. Catherine is a market analyst with extensive experience in all aspects relating to property acquisition. She is also the President of Prosper Australia which is a non-government organisation inspired by economic efficiency and social justice.
Catherine outlines how taxing the land instead of income tax would create better efficiencies for our market. It's a radical idea and an overhaul of the way we think about, and price, property.
Let's get to it...
To find out more about Catherine and the Prosper organisation please visit: http://www.prosper.org.au/
#Rethink #Reinvent #Rentvest -
Finding the right investment property takes time, requires research, good judgement and a plan. While there’s no magic bullet, there are principles you could apply to help you choose wisely.
Michael Sloan from The Successful Investor joins The Rentvesting Podcast this week to discuss these principles. Having developed a formula for effective property investing Michael shares his insights and expertise to help you too become a successful investor.
Let's get to it...
To find out more information about Michael please refer to: https://www.thesuccessfulinvestor.com.au/property-investment-resources
#rethink #reinvent #rentvest -
Shane Oliver is the Chief Economist at AMP Capital. He joins The Rentvesting Podcast this week to share his insights on key market issues and investment trends.
It's a wide ranging conversation sharing various market observations. General aim is to help investors make informed decisions.
Let's get to it...
To get further insights from Shane please visit: http://www.ampcapital.com.au/news/olivers-insights
#rethink #reinvent #rentvest -
Mike Mortlock CEO of MCG Quantity Surveyors is widely regarded as an expert in property depreciation. Mike joins The Rentvesting Podcast this week to discuss all things depreciation in order to ensure you're maximising your tax depreciation entitlements. Mike also provides an excellent breakdown on the recent changes and how they can impact you as an investor.
Let's get to it...
To find out more about Mike and the team at MCG Quantity Surveyors (along with a bunch of excellent resources!) check out: https://www.mcgqs.com.au/ -
Justin Butterworth is the CEO of snug.com which is on a mission to make renting easier. We've now become accustomed to swiping, swapping, sharing and subscribing. We also now think more about access instead of ownership. So why not take the same approach to housing.
Justin and the team at Snug have come up with a simple but very unique idea to making renting easier.
In the second part of the show Justin outlines his take on entrepreneurship. How he got started and went onto grow several multi-million dollar businesses. Now if you are renting you need to be investing. Which can be property, shares or even some kind of entrepreneurial activity. So, if you're keen on the later, be sure to listen to the end to hear Justin's tips.
Let's get to it...
#rethink #reinvent #rentvest -
In the past week the crypto market crashed hard! Well down from the dizzy heights of a fortnight ago. Its proving itself to be a volatile beast that’s full of intrigue and potential.
Daniel Cox is an Australian based information security expert and he joins The Rentvesting Podcast to share his thoughts on the crypto market. Daniel takes it further and provides a “1.0.1” on what this technology is all about, how to set up an account to trade, what the risks are and much more. Blockchain is the underlying technology and Daniel shares his thoughts on how it can (and probably will) revolutionise real estate.
Let’s get to it…
#Rethink #Reinvent #Rentvest -
Scott O’Neill from Rethink Investing is on the show this week.
Scott shares his career journey from engineering to pursuing his property investment passion. And generally just living life on his own terms! We touch on the importance of a strong relationship dynamic with your partner and shared goals. Lastly, Scott shares a lot of insights into his own investment philosophy to replace your income via property investment.
It's a great show ahead!
You can find out more about Scott and the team at: http://rethinkinvesting.com.au -
Michael Yardney CEO of Metropole Property Strategists and widely regarded as a leading expert in wealth creation through property joins The Rentvesting Podcast.
In the first part of the show Michael shares his insights into motivation, success, ability and grit. Detailing how investors can overcome their own limiting beliefs to propel themselves personally and professionally.
2018 will no doubt be another big year in Australian real estate. So, what's in store... well, tune in to hear Michael's expert opinion on where the property and lending market is heading.
Let's get to it!
#rethink #reinvent #rentvest -
The Rentvesting Podcast would like to welcome Cate Bakos who is an award-winning Buyers Agent based in Melbourne.
Cate has extensive asset-selection experience not only in Melbourne metro suburbs but also in Victorian regional markets including Ballarat and Geelong. Giving her a valuable point of difference to offer her cashflow-driven clients.
Cate is a regular commentator in the media, and contributes monthly to publications including Your Investment Property, Australian Property Investor, Smart Property and property Observer. She features in Domain and regularly enjoys interview opportunities on Real Estate Talk with Kevin Turner. Cate shares her knowledge and experience regularly at seminars, volunteers her bidding skills often, and enjoys mentoring young people in the industry she so loves.
On The Rentvesting Podcast Cate shares her professional story from Chemist, to Mortgage Broker to an award winning Buyers Agent. We nut out the questions a prospective buyer should ask to qualify their advocacy partner. Market dynamics and profiling demographics - what are the important aspects to consider? Land size or land value - what's the best?
A great show ahead and if you would like to find out more about Cate Bakos Property please go to: http://www.catebakos.com.au/
#rethink #reinvent #rentvest -
Milly Brigden, from MB Property Advantage (http://www.millybrigden.com.au/) joins the show this week. Milly is a Buyer’s Agent and property investment specialist who began investing at age 19. She had a successful career in real estate and spent eight years in investment banking, before turning her passion for property into a business.
We discuss the opportunity cost of not actually investing. Milly also shares her top tips for property investment success. So, without further ado… let’s just get to it!!
#rethink #reinvent #rentvest -
Smash your mortgage (part 2) - the tips continue this week as we unload more strategies and simple suggestions to help pay down your mortgage.
Getting rid of your non-deductible debt allows you to concentrate on growing your deductible or "good debt" at an accelerated rate. Plus, everyone’s goal is to smash their mortgage and do so it the shortest amount of time.
Like last week some of these tips will be easy to install others you’ll need the guidance from an investment focused broker like the team at Loans Only (www.loansonly.com.au). You'll need to listen to the very end where we reveal the one strategy (above all others) that can have a huge impact allowing you to beat the banks at their own game.
If you would like to contact the team at Loans Only say [email protected] or call on 1800 680 261. -
How do I smash my mortgage? It’s a very common question we receive and in my investment lending business I see clients over and over making the same mistakes.
Some of these tips are simple and easy to deploy… others you’ll need to work with an investment focused broker like myself or the team at Loans Only. Either way if you’re keen to build wealth it’s highly unlikely that you’ll save your way to wealth. It’s almost impossible, most people suck at saving money! Trying to get ahead financially by scrimping and saving can be a slow and painful way to live. That is not to say that there is not a place for intelligent saving, and for having some financial discipline. It is more to highlight that saving alone is not an easy way to get ahead.
So, imagine for a moment, you are an average full-time working Australian, currently aged 30, and intend to work for the next 40 years, and will retire at the age of 70.
Well, assuming you are a full-time average income earner ($1,516.90 pw or $78,000 pa), and assuming your wages grow at an average of a 3% pa, over the course of your working life you will earn just over $6.2 million. That sounds fantastic, right? Surely you will have more than enough for a good retirement?
Well, that depends on how much of that income you spend, and how much of your income you can actually save or, even better, invest each year. And try not to think of how much of that you will pay in TAX!
If you are working full-time right now, how much of your wage can you save every year, and still have an acceptable lifestyle?
Perhaps 5%, maybe 10%, or possibly a little bit more?
For the sake of this example, let’s assume you are the average Australian worker and could save 10% of your earnings each year... in the first year you would have saved a little over $7,800. In the second year you get a 3% pay rise and by saving 10% you have a further $8,300pa bringing your running total to $16,100.
Continuing this behaviour, year after year for 40 years, and religiously putting 10% of your income under the mattress each year (because with savings account interest currently at near zero returns why bother putting it in a bank anyway?), you could save in excess of $612,000.
Now that might seem like enough, but bear in mind that due to inflation, the cost of practically everything else has also risen in price over the last 40 years. Something that cost $1.00 today may cost $3.16, or more, in 40 years’ time. Therefore, in today’s dollar terms your $612,000 in savings only has the same approximate buying power as $193,000 today.
How long do you think you could afford to retire on just $193,000 (in today’s dollar equivalent) from your ability to save 10% of your income for 40 years alone?
So, if we have done our job right here, it should be apparent that to get ahead financially we will want to invest, or leverage at least some of our hard-earned income.
For most people, investing will require some level of understanding and appreciation for debt, especially during the acquisition, or growth, phase of your wealth-building journey.
Not all debt is created equal and, understanding how to apply for, use, and manage debt effectively, will allow you to grow your wealth faster and more predictably than by saving alone.
Interest rates are currently sitting at historic lows; both bank and nonbank lenders are aggressively competing for your business, and there may not be a better time to pay down your personal debt, gear up on your tax-deductible debt and make some money.
With that thought in mind, let’s look at 24 ways to smash your mortgage, help pay off your debts faster, and retire both earlier and wealthier!
To get in contact with Peter for investment lending advice please email [email protected] or speak with the investment lending specialists at Loans Only on [email protected] -
On this week’s show we have Nick Shaw, who is a property investment specialist and Managing Director of Creative Investment Solutions.
Nick started investing in residential property during his career with the Defence Force. Drawing on his own experiences (both the successes and the failures) to help people, Nick develops strategic plans to achieve property and wealth creation goals.
In this episode we discuss mentoring, why you need to partner with others who have already made the mistakes to help you make the most out of the opportunities. We put the spotlight on SE QLD, where to buy, what to buy and what structures you should wrap around these investments.
It’s a great show ahead so... let’s just get to it!
If you're interested in downloading the webinar that Nick refers to during the podcast you can grab it here: http://www.creativeinvestmentsolutions.com.au/webinar -
Today we have Justin McMillan from Smartwealth on the show and we discuss the significance of investing and what it actually truly means to you.
As a wealth coach Justin focuses on you, your passions, fears and dreams. Unfortunately for many, these do get neglected as you get stuck on the treadmill of day to day life.
While many financial advisers focus on financials, investments and strategies (while important and not neglected), they are simply the vehicles to allow us to get you to where you want to be. So, Justin and I discuss want the focus should be on - which is your true purpose in order to bring your goals and aspirations to life.
To get in contact with Justin you can reach out via https://www.facebook.com/smartwealthadvice/ or http://smartwealth.com.au/
The live events that Rentvesting are sponsoring will be in Brisbane and Sydney next week. Don’t miss out on your free ticket and register here: https://www.rentvesting.com.au/register-for-our-live-events/
It’s a great show ahead so, let’s just get to it… -
We all aspire to create comfort and security within our own lives. What separates those who achieve this to those who don’t is usually down to planning and execution. Now if you’re keen to grow the largest asset base you can, you can go out on your own (all power to you). Or, you can work with individuals who have already made the mistakes and can show you the steps to expedite the process to get you where you want to be sooner.
Our guest this week, Luke Harris is one such individual who not only has a true entrepreneurial flare but is also an incredibly successful property investor. Luke bought his first property at 20 which he has subsequently grown into a multi-million-dollar portfolio. He is a full-time wealth creation mentor drawing on his experiences to empower and guide what’s now been hundreds of people through their own investment journeys. Luke is the CEO of The Property Mentors, he’s involved in over $130m of developments and has a special talent in helping people get out of their comfort zone to realise their full potential.
Luke shares his property investment journey and explains the importance of planning and working with more experienced investors to get you where you want to be faster.
At Rentvesting we love learning - especially if it's in regards to giving you the right tools to start your Rentvesting journey!
We are excited to invite you to these exclusive free events hosted by The Property Mentors - beginning on Sept. 19 - 27 in the following cities: Melbourne, Geelong, Perth, Brisbane and Sydney. You can register for the live events here: https://www.rentvesting.com.au/register-for-our-live-events/
Why should you attend?
- You may be less than 100% happy with the results you’ve achieved to date, and you need a clear plan to create the lifestyle you truly want
- Sometimes you may feel overwhelmed with all the information/ misinformation! — we're all being bombarded with every day
- You want to fast track your results and retire years earlier than anticipated
- Maybe you simply want an honest answer to the question, “How do I make real money investing in property?"
It's a great episode ahead so without further ado… let’s just get to it! - Vis mere