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.
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.
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.
The magic number. There are many voices and opinions which will tell you that you need to amass as much property as you can over your life time. We’ll let you in on a secret – in the property game, it's often the case that less is more! In episode 27, we dissect “How many properties do you need to retire wealthy?”. Listen as David Johnston, Cate Bakos and Peter Koulizos take you through why 2 to 5 properties is the optimal number for most Australians, why quality trumps quantity and the danger of taking the advice of property spruikers.
Property – it’s a veritable panacea for reaching any of your financial or lifestyle goals. But not all property is created equally. The property comes in many different shapes and sizes, purposes and potentials. The key is knowing what type of property asset is the smartest buy to align with your long-term goals. In episode 26, we dissect “The different property types that you can spend your hard-earned cash on”. Listen as David Johnston, Cate Bakos and Peter Koulizos take you through the ins and outs of residential property, as well as the risks and rewards of commercial investment opportunities.
Leaving aside those who invest in vintage cars or antiques, the vast majority of Australian’s will make a choice between investing in property, shares or a combination of both. There’s no doubt that the key to retiring comfortably is to make good investment choices throughout your working life. So, what’s inside your investment portfolio? In episode 25, we dissect “Why is property a good asset class to invest in”. Listen as David Johnston, Cate Bakos and Peter Koulizos take you through why property is perceived as a reliable investment, the pitfalls that you don’t get with shares and the need for diversification.
How mortgage strategy shapes your ability to hold property, and grow your wealth for decades into the future! (Ep.24)
It’s widely known that getting a low interest rate can save you hundreds and thousands of dollars over your life time. What most people don’t get is how an effective mortgage strategy can make you hundreds of thousands of dollars, or more, over the same period. In episode 24, we dissect “How mortgage strategy shapes your ability to hold property, and grow your wealth for decades into the future!”.
Get ready to jump in the time machine and explore Australia’s transition through the decades. Learn how our approach to living has been impacted by the fortunes and growth of our nation. The team cover Victorians to Edwardian’s, pre—war to post war, art-deco to villa units, toilets separate to the house to alfresco dining, split level living, formal dining rooms, McMansions and everything in between. It’s clear to see that changes in property trends have mostly boiled down to three things – evolutions in wealth, transport and jobs. In episode 23, we dissect “How property and market trends have changed over the decades”
We all have a picture in our heads of what our ideal home looks like. For most of us, chasing our ideal home can be akin to chasing a unicorn. Unless you have a bottomless pocket, compromises will need to be made (particularly if you’re a first home buyer). In episode 22, we dissect “Why the family home is commonly the biggest piece of the investment puzzle” and take you through why you should treat your home as your greatest investment, the compromises you should plan for and the critical mistakes to avoid!
Ever tried to run a race backwards? Reaching your goals is just as hard when you are working back to front. We see plenty of purchasers let a bank tell them their price point based on a maximum borrowing capacity and then purchase next door to where they live. This is the investing equivalent of doing a three-legged race with your partner. Blindfolded. Set yourself goals, that will determine the appropriate price point. Then work out the best location to purchase from there. In episode 21, we dissect “Why price point should determine location and strategy”