Ep.91 | Q&A - Affordability for First Home Buyers, Overseas Investment, Is it ever too Late to Invest and more
Summary: After two weeks of Donald Trump-related episode, we think it’s time to get back to our listeners and answer some questions! But before that, Bryce and Ben kickstarted today’s episode with a quick update on interest rates and which directions we might be heading to in the next few months. And for today’s episode, they will be answering questions from:<br> <br> <br> * Cody on First home buyers – I recently listened to <a href="http://www.thepropertycouch.com.au/ep87-future-of-the-australian-property-market-dr-andrew-wilson/">episode 87</a>. Listening to the content of first home buyers not being able to get into the market unless prices fell 30%. What is your moral standing on this? Are you okay with our kids getting locked out? Do you consider yourselves and like-minded people responsible for aiding in driving competition and prices? Do you think there should be any assistant to our kids from a government policy standpoint to own their homes? Look forward to hearing your thoughts.<br> <br> <br> <br> * Tom on Overseas Investing – Hi guys, just listened to the latest podcast…thanks for the shout out to London, where I have just moved to from Australia. I have 2 IPs in Inner West Sydney and thinking I will be sitting on them to let them grow for a few years until I get back…London property is just ridiculously unaffordable! Would be interested in your thoughts on investing in overseas properties in countries such as NZ or the UK, from Australia, or vice versa and the process involved to purchase and manage. Enjoy what you guys are doing, and I think it’s the best podcast on IP in Australia. Thanks, Tom.<br> <br> <br> <br> * Steve on Overseas Investing – Hi Guys, loving the podcast. In footy terms, you’re both ‘up and about.’ Question for Podcast: <a href="http://www.thepropertycouch.com.au/ep82-qa-investing-in-property-overseas/">Investing in Property Overseas</a>. You talk of ‘<a href="http://www.thepropertycouch.com.au/episode-014-buy-in-a-boom-and-property-bubble/">borderless investing</a>‘, but that’s only Australia. Is it a bit un-diversified to put all one’s eggs in the ‘Australian Property Market’, just like a Pommy would be putting all of theirs in the UK market, or a Yankee putting them all in the U.S of A? You guys have read Kiyosaki, you must have dreamed of following the world’s market cycles like a real ‘world’ investor. My question is ‘Where can Aussies buy overseas?’ I know an Aussie buyers agent buying in the US for clients at the moment, and you hear of the Chinese buying here. Why aren’t we buying China? Thanks, Boys!<br> <br> <br> <br> * Brett on Setting up an Offset Account – Hi guys, love the podcast, after meeting with a very respected <a href="http://www.thepropertycouch.com.au/ep55-investment-savvy-mortgage-broker/">investment mortgage broker</a>, they suggested switching my PPR loan to interest only to help build savings for an investment deposit in an offset account. I couldn’t work out why this would be better than putting my money into the PPR loan to increase equity then drawing it out when there is enough. The money I draw out would be tax deductible on the interest, whereas the money I save in an offset, if I draw this out for an investment, this would keep my PPR loan higher and thus not tax deductible on the interest. Can you guys please discuss this as I am starting to lose respect for this particular broker. Thanks<br> <br> <br> <br> * Nicole on Canberra as the next Investment Spot – Hi guys. Love the show particularly being a Victorian, I love the sports chat at the start
