The Property Couch

Happy New Year, folks!!! We hope you celebrated this new beginning in style — and also gave yourself a pat on the back for the great things you made happen in 2017!! Indeed, 2018 is now with us……. and we are SO excited to share this new chapter with you. We also have a few surprises up our sleeve this year, with more than a handful of epic guests lined up!! ** If you’re super keen on hearing from someone in particular, or about a topic you’ve been dying to learn about, simply head to our Contact Us page or feel free to drop us a line at info@thepropertycouch.com.au** And remember: $5 is all you need to become a PICA Member!   But back to today’s episode…. The Summer Series (Part 1 of 2) on the Foundational Principles of Property Investing, featuring THE best bits of gold from our guests. In plain English, please? You’ll hear The Do’s and The Absolutely-Don’ts of Property Investing from the people who have been there, done that, and have an enviable property portfolio to prove it. (In a nutshell: all of the gold, snipped and trimmed, to fit into 2 episodes).   Featuring in today’s episode include the following guests: * Peter Koulizos – from Episode 30 * Carolyn Wright  – from Episode 31 * Steve Waters – from Episode 42 * Paul Baker – from Episode 45 * Chris Gray – from Episode 60   Filling in the gold mine includes: * The Five Golden Rules of Property Investment * What is Gentrification and what signs do you need to look for? * Why type of car (yep) can influence the future price of a market? * The Checklist to getting a great Property Manager * If you’re a first time investor, what things MUST you know? * What do you need to be aware of when getting advice? * What property type is most risky? Why? * What role does the media play? * How to determine if you need a building inspection for the particular property? * What can go wrong? * How can you build a portfolio through rentvesting? * Asset selection tips and why is location research crucial?   Resources mentioned in the podcast: Get your Break Even Calculator here Become a PICA Member here See the infographics Ben was talking about here      

We’re sorry to bring you Bad News while you’re on holidays. Unfortunately, we have heard some negative talk out there and, well, we think it’s best you know. So, today’s podcast is a little on the “doom and gloom” side, we’re afraid. We’re talking about the correction in the market. We’ve all seen the property prices in Sydney come down a bit, and we’ve all heard (perhaps too much) about the Bubble…. Is today the day it finally burst?   A longtime listener from Singapore, Saxton, left us a rather distressing voicemail message: “I want to ask you about the article that was published by Matt Barrie the CEO of freelancer in Australia where he painted a very negative and bleak future about Australia’s future prospects and described the Australian property market as a bubble built upon a bubble, built upon a bubble; namely mining and commodities. Anyway, it’s a long article and I would love to hear your negation on some of his gloomy outlook and why property is still a good bet moving forward.”   If you’ve read the article… you’ll know it’s pretty bleak. Also what’s interesting is that Matt Barrie isn’t a property expert — note that his business has nothing to do with property — and on social media channels he is, which makes sense, an “influencer”. And influencers are good at doing just that. But, at the end of the day everyone is entitled to an opinion. More importantly, who is right?   What’s about to unfold: * Are the conditions that precede a bubble “popping” finally here? * What happens if the market drops 30%? * What is money and wealth built on? * What are the biggest banks LVR and why does this matter? * How is Australia’s lending system differ from the rest of the world? * Is Australia’s economic climate stable? * What is “short selling”? * How can you tell when an agenda is influencing an opinion? * Why do we keep going on about supply and demand? * What is “irrational exuberance” and why is contributing to the bad news? * Why is now (perhaps more than ever) time to look back at your property fundamentals? * Is interest rate the King in all of this? * What’s the future of the Australian Property Market? * What do you need to start telling people today?   Full disclosure: Here’s the link to the article. Please decide for yourself

There are so many things to be excited about in this week’s episode!!! First of all, PICA IS FINALLY UP! Remember a few weeks back (Sydney expo) when Ben gave you a sneak peek at setting up a not-for-profit association for property investors by property investors? Well, it’s official now … and it’s time to unite and make our voices heard. It’s time we take action to ensure our property investments are protected, now and into the future. So make sure you check it out! www.pica.asn.au (Membership is only $5 a year or $20 for 5 years! Find out more about PICA’s Membership here.)   Following on from this … the most drastic change impacting property investors significantly is the recent depreciation changes. On this year’s Budget Night, 7:30 pm AEST on the 9th of May 2017, the Government proposed quite some changes to the tax depreciation schedule. We’ve talked about these changes before with Bradley Beer, CEO of BMT Tax Depreciation back in Episode 117. Since then, the Government has finalised on some of these changes and has decided that some of the proposed changes will not go ahead after all. But what are the finalised depreciation changes? That’s why we’ve invited Brad back into the studio today for a quick update!   And finally… Bitcoin. It’s the No.1 trending search word at the moment. So, are we for or against it??? Let’s talk. So, what are you in for? * What depreciation changes did the Government finally decide on? * Who will be affected and who WILL NOT be affected? * What happens if you purchase an existing property after the 9th of May? * Will you be able to claim tax depreciation now, and is it still worth get a tax depreciation schedule done? * Are commercial properties affected by this change? * How can your accountant help with your claim? * What’s the definition of “Substantial renovation” in this new ruling? * Will Capital Gains Tax be affected? and of course, on Bitcoin… * What is Bitcoin to start with, and why is it so trendy now? * Are there other cryptocurrencies out there? * Can they be used as a valid currency? * Will this last?   Don’t forget the Free Resources mentioned: * Brad’s previous appearance on the Couch — Episode 117 * Ben’s Did You Know Tips can be found here. * Access to PICA (Property Investors Council of Australia) — Subscribe here * BMT Tax Depreciation Application Form – Fill in the form below to download or click here     P.S. Ben’s Webinar Impact of Interest Only Lending is out! Make sure you check out your Throwback Thursday newsletter. Haven’t subscribed to our newsletter yet? Download the Money SMARTS and you’ll get it

HAPPY 150 EPISODES!!! Yep, that’s right, folks! Today officially marks our 150th episode……. and, boy, do we have a show in store for you. First up, you’ll finally hear Stiggy speak! Uh-huh. This is one-of-a-kind stuff. Secondly — and it’s only taken us 100 episodes to get her on — you will also hear from one of the best in the business, Margaret Lomas! As you likely know, not only is Margaret the Director and Founder of Destiny Financial Solutions, a best-selling property author (8 books, mind you), but also she is an active property investor and qualified property investment advisor; hosting two weekly property investment shows, Your Money Your Call and Property Success with Margaret Lomas, both of which she creates and produces. Indeed, she is a busy businessperson, also on the board of Property Investment Professionals of Australia (PIPA), past winner of Business Woman of the Year and — let’s be honest — the receiver of WAY too many accolades for us to list here! Before we get into it — side note — Ben’s Webinar Impact of Interest Only Lending is finally out! He’ll tell you about it now.   So, what are you about to find out? * Margaret’s introduction into, and motivations behind, her property investment journey * What is the Rapid Debt Reduction method and how Line of credit works * Budgeting, tracking and managing your money * Why accountability matters and her recommended “Property Headspace” needed for commitment * The $18,000 risk it took to create her multimillion dollar property empire? * ****** A SCOOP FROM MARGARET LOMAS ****** * Property development! Her experiences, mistakes and why she would do it again * Understanding council plans and how to deal with them * What is she working on in property right now? * Sell vs Hold — which one? * Practical tips you can use to source growth drivers * What other things you need to know about picking the next hotspot (and why she thinks public transport may not be as important anymore) * Margaret’s shift in mindset & how it’s shaped both her life and investment journey * Why is the age of people living in an area crucial to an investor? * What is the one thing she wants you to know? (!) and * LIFE HACKS ALL ROUND!!!!!!! (Stiggy AND Margaret Lomas)   ps: And here’s the link to our practical but hilarious Facebook video! So much so that Bryce nearly spilled his drink! Watch below or click here to watch it      

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 Aussie’s 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……………..?     Final Movember Tally: $11,533 If you donated and haven’t given us your address yet, please email us at info@thepropertycouch.com.au   P.S. Don’t forget: next week’s 150th Episode!!!!!!!!!!!!! P.P.S. And here’s the link to the Dirty Santa’s Rules!

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 on what we’ll be chatting about today: * What is a Letter of Authority from a Buyers 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 news 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?   First Voicemail (SpeakPipe) from “Anonymous”: “I’m thinking of using a Buyers Agent to secure an investment property. I’m curious to know if I need to give them a Letter of Authority or a Power of Attorney, or both. Can you please explain the difference, and how I can use them? Thanks!”   Second Voicemail (SpeakPipe) from Stuart: “Hi guys, great podcast. I’ve spent the last year listening to your podcast trying to get as many tips and advice about my property investment journey, which I’ll hopefully embark on very soon. Bit of a ‘spanner in the works’ though — I’d always envisioned starting out with maybe a 1 bedroom, around $300,000 – $400,000, maybe as a borderless investor (I currently live in Victoria). But our current house that we owner-occupy is looking a bit too small for us … my wife has proposed the question that we look at buying a bigger property.

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? * 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 tax deduction?   The Q’s are as follows, folks:   Question from Lou: Hi guys … long time listener (you take the edge off Sydney commuting, so thank you)! My husband and I currently have six properties in NSW (nothing in Sydney metro … yet) valued at $2.3 million and LVR at 64% and gross yield of 8.2%. We are both 40(ish) with two kids under 5. Our aim is to retire early with a $100K income. Reading your book and watching the videos and listening to the podcasts, I am wondering if retirement income is always based on rental income alone, or do you ever recommend borrowing off the equity as part of an early retirement strategy (with major buffers of course!). We’ve been very wrapped up in the acquisition phase that it’s hard to see where the end is especially when rents seem to creep up so slowly … I would love your thoughts on ‘living off the equity’ as part of a strategy.   Question from Chris: Hi, I just started listening to your podcast. Can I get some advice from you guys regarding this case? Mid of 2016, I paid 40k down payment (10%) for an off-the-plan 1 bed room apartment in Melbourne CBD (close to Melbourne Central.) The settlement is in 2018. After getting some education from several property investment resources including your podcast (which I should have done first), I realised that I had probably made a rookie mistake. The purpose of this investment was tax deduction (another rookie mistake, I know). Now, I still have some cash (around $200K) in my home loan offset account (saving and equity from a remortgage). If I want to start building a long-term portfolio (I’m 37, 2 young kids), what shall be my next step? Do you suggest I

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!!! (Now, we’ll be honest, we’re not huge fans of the word “rich” — we prefer the term ‘financially free’, but you get the gist.) 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 (in a nurturing way, of course).  Because there are TEN reasons — a few of which you might be doing now — that are blocking your shot at financial freedom.   Speaking of finances, if you help us donate to Movember with a $25 donation or more we will give you a FREE SIGNED COPY OF OUR BEST SELLER BOOK! Yep, we’ll cover the cost of the postage and, guess what … The book’s worth more than $25. AND donations above $2 are tax deductible! 3 wins. You, a good cause and us MoBros!! How do you do it? * Go to our Mo’s Team Page here and donate $25 or more. * Once you’ve done it, let us know by commenting on this Facebook Post here. * 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! * How do wealthy people think about debt?   Remember: Money’s not everything. And you can experience huge wealth in helping others! Donate to Movember here.

Now… it’s Framework Time!! The last framework that we’ve 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 sell? * 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 awaits you.) P.S.S. Want more info on PICA? Head to www.pica.asn.au    

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 Dellas (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 (and opportunities in) unpaid property taxes, which is VASTLY different from the way us Aussies do it! Oh, and a couple of Texan “translations” before we start: “Inventory” = Supply and Demand “Rehab” = Renovate   So, what are we discussing? * What’s the appeal of investing in the American market; particularly Texas? * The US Government involvement in their lending and how it triggered the global financial crisis (GFC)? * 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? * How to research investment grade locations * Understanding the geo-economic difference between both countries and how will it impact investors’ decisions * Why do they have such a volatile property market? * 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 does “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 the support the cause to 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 awaits you.) Here’s the link again: https://moteam.co/the-property-couch      

Big Data. Artificial Intelligence. When will it start calling the shots? 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 collects 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 episode now.

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 will it be 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?   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, 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 down — Regional Victoria or interstate, where the price is down to $400,000 – $500,000 and aim for better growth? Thank you! (You might also like: Episode 007 | Studio or One Bedroom Apartment as an Investment Property)   Question from Anonymous: Hi Ivise & team, The boys take their work far too seriously and they need to pay a bit more for their advertising campaign — see attached, (the photo is next the Batman Avenue flyover near Punt Rd). Team: I’m a 55-year-old, married with 2 independent dependents in the house, our house is worth $1.1 mill, we owe $420K, we have some super, less than $100K each, good income of $160K between us, no other real debts; is it toooo late for us to start property investing? My thought is: if we did start, it’s better than not starting at all — it may not give us great passive income by the time I retire (65), but it’ll be better than our current plan, which is … as soon as I work out what it is, I’ll tell you. Thanks, Anonymous.   SpeakPipe Question from Mathew: Hi Ben and Bryce, Hey guys, I hope you’re well. I’m a long time listener and I have a bit of a dilemma with asset selection. I’m in a situation where I’m preapproved to buy an asset — and I have two areas I’m looking at. In one area, I can only afford a 1 bedroom unit, and in the second area I can basically afford a 3 bedroom, detached house on land. My question would be: Weighing up all the pros and cons of each, I’m not sure which would be the better investment for the long term. Any help you can give me would be awesome. Thanks guys!   Question from Cate: Hi Bryce and Ben,

Alright folks, Episode 141 has landed! And today Ben is sliding on his “PIPA” Chairman top hat. Why? Because PIPA’s Annual Investor Sentiment Survey is out! And the boys are going through these factual insights so you can see what the most successful investors are doing, thinking and learning, right now!!   So what’s PIPA? If you’re a recent Coucher, you might not know that the Property Investment Professionals of Australia (PIPA) is the peak association for businesses that operate in the property investment space. In other words: PIPA makes sure that professionals in the industry are, well, professional. PIPA has developed a Code of Conduct (read it here) that their members MUST operate under. It’s a framework that, ultimately, makes sure clients come first — and aren’t misled from unsuspecting property spruikers!   What can you expect to learn from Australia’s sophisticated investors? * Is now a good time to invest in residential property? * What type of property are the majority of investor’s buying? * What state capital currently offers the best investment prospects? * What is the exit strategy should you consider adopting? * Should you be worried about the banks raising their interest rates? * Where is the most appealing place to buy right now? * How long should you expect your property to be negatively geared for? * Should the “bubble” stop you from investing? * Is there a need for regulation? * Is it possible to become a sophisticated investor on your own?   And of course, if you are interested in the report, here are the links! * Summary | PIPA Sentiment Survey Results – Download here * Full Details | PIPA Sentiment Survey Results – Download here For Bryce’s cover story on the Money Magazine? Get a copy here or at a newsagent/supermarket near you. Just joined the podcast, here’s the Money SMARTS Checklist that Bryce mentioned on the show! Download here.      

It’s here folks! Sorry it took some time. We thought we’ll organise it a little bit before broadcasting it to the rest of our fellow couchers. So here’s the recording of the Facebook Live last week! This session is mainly based on the Questions we’ve received from our webinar, Property Hotspots and How To Find Them. Enjoy!     And here’s the list of questions that we’ve answered on the night along with the time stamps (in minutes). Hope it helps!   04:17 From Louise Hey guys, LOVE your work! I’m curious why you look for very low stock on market rather than high stock on market. If you were to go with buying when others a fearful and selling when others are greedy (Buffet strategy), then wouldn’t you try to purchase in a buyers market where stock on market is higher? Or am I interpreting the data wrong? 07:42 From Paul When listening to all the experts they talk about buying properties under the median price. From memory LS talk about Market Price? 10:06 From Jenny Does the history on location score for the various measures only go back to 2016 Jan? 10:44 From Steve Hey guys, having a sneaky watch during work…shhhhh. Can you please advise what the \”Statistical Reliability\” index is tracking and how this is determined? Thanks 12:42 From Ben Some commentators mention a term called Established Capital Benchmark as an indicator of value of a property vs others in a certain area. Whilst this does not appear to be related to supply & demand, it may be of value to investors looking at a specific property in a suburb. Is ECB a legitimate indicator when looking at a particular suburb, and is there a place for it as a metric for investors? 16:39 From Ben Is there a way to track the Location Score for a suburb over time? So a report based on date range showing variation in LS over time? 18:54 From Mandie I’m keen to buy but not sure which is the best State to invest using my SMSF. 20:26 From Jaccob What websites am I best to monitor to find major infrastructure projects, in construction or proposed? Cheers 20:40 From Todd Do the high location scores (>80) match your professional opinions on where you would recommend to buy? For example, Risdon Vale looks to be a fringe suburb of Hobart? 26:2 From Nathaniel Firstly many thanks for the data and overview and also the pod cast and book I have consumed all material you guys have produced. I guess the difficult part for me personally is finding a place to start when your looking at so many suburbs! I started my research by listing all suburbs within a 25km radius of the city I was interested in. Then included if the suburb had a train line from there I listed the location score of each suburb and the median price of properties, to try to narrow my searches to a handful of suburbs. I maybe suffering from analysis, paralysis, as I\’m still to close out a purchase. Some feedback on location score I\’d love to be able to filter on some of the metrics ie if I want to know what suburbs in Brisbane have the best rental returns only, or best supply ratio etc. I think it will help with filtering or pinpointing suburbs a lot better. P.s not a question just feedback, keep up the great work. 27:55 From Adam On vacancy rates, rapid increases in vacancy (particularly units) makes sense from a supply perspective (new developments).

It’s about time we talk about selling a property! So today, we lift the standard with not only one, but two Property Stylists extraordinaire to share with us everything we need to know about styling for profit. Want to add $50,000 – $300,000 to your property? Sara and Amy Chamberlain, owners of the successful styling company The Real Estate Stylist (TRES), are here to explain how it’s done. Originally from Wagga Wagga, these sisters are making a serious return on investment for their clients, transforming an empty property into a buyer’s oasis in five weeks. Styling 300+ properties every year (1300 since TRES’s inception), these women are specialists in styling a space to make a killing at auction, focusing on buyer demographics, market specifics and a super-human level of detail. Sara and Amy have styled the properties of Rebecca Judd and previous TPC guests, Josh and Jenna from The Block and regularly feature on realestate.com.au as well.   Passionate about real estate, style and business, Sara and Amy chat with the boys about: * How did they get into the world of property styling? * What is a property stylist (and how is it different from an interior designer)? * Why a professionally styled property make such a difference to its value? * What happens behind the scenes in property styling? (Is it all glamour?) * What’s the process of engaging a property stylist and things to consider. * Styling 101 — what can you do yourself? * What does owner-occupier appeal and styling have in common? * What time frame should you be looking at if you want to get a property stylist in? * Who should view the property first: a stylist or a real estate agent? * Do they style for the market audience? How? * What is the “Cuppa Tea Test”? * Does property styling works better in an auction or private sale environment? * What are the smells you never thought mattered? * Should you get rid of those family photos? * What should you do with great tenants before you get a stylist in? * When will a stylist not make a difference? * What happens post-purchase? * What are the business (entrepreneurial) tips you need to know?   Click here for Tres’s Instagram (it’s pretty great!) And here’s the case studies mentioned on the show: TRES’s Statistics