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https://www.youtube.com/watch?v=tuz3m5upSy4 Some experts claim there is an ideal percentage of renters in a suburb vs owner occupiers. But what does the data actually say and what is the best % of renters in the suburb we are investing in? Select Residential Property DSR Data Read this article: https://selectresidentialproperty.com.au/busting/whats-the-ideal-tenant-to-owner-mix/ 0:00 - Introduction1:00 - Why people speculate that this is important3:25 - What does the data say (2 years)5:30 - 7 years of data5:50 - 12 years of data6:33 - Is this something to consider for suburb growth?9:00 - Why might this happen?11:10 - How to find % of renters in an area Recommended Videos: Property Data Dive Series Why Population Growth Does NOT Predict Capital Growth (Data Dive) Transcription Ryan 0:00Some experts claim that there is an ideal percentage of renter's in a suburb versus owner occupiers where you want to invest in suburbs that have just the right amount of renters and just the right amount of owner occupiers. And not one way or another, that it's going to give you, you know, the best chance of renting your property and the best chance of selling your property. But what does the data actually say about what is the best percentage of renters? Do we want a high percentage of renters? So there's lots of people in the area to rent out property? Do we want a low percentage and mostly owner occupiers, which means there might not be as rental properties in the market? Is that going to be hard to then rent out the property? How does all this affect us? So today, I've got with me, Jeremy Shepherd from select residential property to talk through the data and to say, Okay, what does the data say about percentage of renters versus the growth that an area is likely to help? So thanks for coming on today, Jeremy, Jeremy 0:56thanks for having me on your show. Right. Ryan 0:59Okay, so what does the data tell us about this Goldilocks zone of just you know, the right amount of renters? I think, if I've ever heard it, which I don't know if I have, but it would be like around that kind of 20 to 30 35%. Mark, and then people say, you know, anything that's too high renters is probably not good. Jeremy 1:20Yeah. Well, there's there's an argument where you say are too high renters means? There aren't enough owner occupiers taking better care of their property. There's too many other landlords you competing with over the over the other, the tenants available. And then the opposite is some people are arguing. Well, if there are no tenants there, how do we know that that anyone wants to rent there. But that's really just a case of, there's no supply of rental property, I would much prefer to buy in a location where, where there are no other landlords I'm competing with. But anyway, that's all very good data, we Ryan 1:56heard from at least one expert in the field that has said you want to target suburbs with this range of renters. And you don't want to look in suburbs that have really low percentage of renter's because it can be hard to rent out your property. And I remember looking at that thinking, I don't know about that video that you and I have done on population growth versus capital growth. And the fact that, you know, population growth just kind of indicates the supply that already is existing and has been built over time, because people are waiting in the streets in order to move into a suburb or anything like that. If there's no houses there for them to move into. So when I think about rental demand in a market, I don't really look at percentage of properties that are rented, I would look at vacancy rates in the area. And I would think if there's less rental properties available, assuming the area still has good fundamentals, then you know, I I'd rather that area, because then you're the only rental property. And so Jeremy 3:00right. Yeah, exactly. I mean, what what do you what are you looking at when you see all 0%? renters? Some people are thinking, or nobody wants to live there. But what about all the owner occupiers that represent the Ryan 3:14hunter, they want to live there? Yeah, I Jeremy 3:16think they do. Anyway, that's all just theoretical. Let me go down to what the data says, oh, by the way, this, this all comes from census data. So there's an image of the question in the census. I don't know which census what that was taken from. But it's Yeah, do you rent Do you own? There are actually about eight or nine different categories that the OBS puts it into? Ryan 3:38It'll be good to have new census data soon. Because Oh, yeah, we Jeremy 3:41got one coming out this year. Yeah. The thing is that I published that data until about a year after census night. So still a rain Ryan 3:49winning. Jeremy 3:51Yeah, so some of this data can be out of date by Well, at best case, a year or worst

https://www.youtube.com/watch?v=YveECmSbbNY In order to get the best return on investment we are told to invest in the right suburb so over the long term they will outperform other suburbs over the long term. But what I'm starting to see is that a lot of suburbs tend to perform extremely similar over the long term. Read this article: https://selectresidentialproperty.com.au/busting/apples-oranges/ Select Residential Property DSR Data 0:00 - Introduction0:58 - How comparing apples to oranges applies to property investing2:08 - Why doesn't extreme growth disparity happen?4:40 - Chance of better than average capital growth over the long term8:35 - The positives and the negatives of above average growth being hard to achieve9:25 - How can we get above average returns as an investor13:00 - Differences between 1 year, 5 years, 10 years and 25 years growth14:43 - What are the chances of picking a high performing market over 15 years vs 5 years16:40 - Can you determine high performers over the long term (30 years)19:10 - Radical vs marginal difference in price Recommended Videos: Property Data Dive Series Does Past Growth Predict Future Growth? (Property Data Dive) Good Schools and Amenities DON'T Create Capital Growth! SHOCKING RESULT! Transcription Ryan 0:00In order to get the best return on investment and achieve our property investment goals, we're told to invest in the right suburbs so that over the long term, they're going to outperform other suburbs. And you're going to end up you know, so much richer than if you purchased in the wrong suburb. But what I'm saying to say what image Jamie Shepard from select residential property is that a lot of suburbs in general, tend to perform very similar over the long term that yes, in the short term, there can be big disparities between suburbs. And there can be value in you know, picking your suburbs for the short term. But when you start stretching it out to 20 3040 years, a lot of these suburbs especially the choosing suburbs, with good fundamentals tend to perform extremely similar. So I guess this is kind of looking at short term versus long term investing. And Jeremy has got a great metaphor and analogy that can help us understand this, which is the concept of purchasing apples and oranges. So do you want to lead us into that, Jeremy? Sure. Jeremy 1:03Thanks. Thanks, Ryan. Thanks for having me on your show. No, all right, let's say you walk into a fruit shop 100 years ago, and there's a crate of apples, and there's a crate of oranges. Now assume that the apples were one cent each and the oranges were two cents each. If the apples grew at a rate of 4% per annum, whilst the oranges grew at a rate of 8% per annum, then after 100 years, an apple would cost you 50 cents. And an orange would cost you $44. Ryan 1:36Okay, imagine the beginning. Did I just start out at two cents? Did you say Jeremy 1:40yes, oranges for two cents. Ryan 1:43So in the beginning, oranges were worth twice as much as apples. And then in the end the end after 100 years, if they continue to have this disparity, and they grow the 4% apples versus 8% oranges in 100 years time, the owners are now worth 88 times more than apples. But why? Why doesn't this happen? Jeremy 2:05Okay, well imagine walking into a fruit shop right now and you've got a hankering for some fruit. You're looking at apples 50 cents each, or oranges $44 each. You just you'd have to be mad keen on oranges to spend 44 bucks on one. Right? So Ryan 2:23that week, most people wouldn't spend $44 on oranges. I don't know if you remember years ago, when there was the banana shortage $3 for a banana? I remember going months without a banana and then going in and just buying one banana. Jeremy 2:40Again, well, I guess yeah, it all comes down to supply and demand. Ryan 2:43I guess during that time period, I bought way less bananas than I would buy now when they're really cheap. And so I guess a lot of people would do the same thing, which is you're saying, you know, at some point along this journey, oranges get so ridiculously expensive that no one's gonna buy them. Jeremy 3:00That's right. Yeah. And so they look for an alternative. And that, of course subdues, the demand for oranges reducing their growth rate, and increases the demand for the alternatives, which could be apples. And so what you find is that eventually, things balance out apples and oranges grow at the same time, right? It's still an apple, it's still an orange, nothing's changed. They're still as equally desirable. He's perhaps someone Ryan 3:27Well, I'll just gonna stretch out this analogy a bit. Because, you know, we might go through a period where there's, you know, some, let's say there's a social media trend about oranges, you know, so everyone's going out and buying oranges. They're super popular, although there&#03

https://www.youtube.com/watch?v=T10DA4fZUO8 I might be able to buy my first investment property in the next couple of months. I am finally saving my first house deposit. It has been a long journey and this episode I want to take you on a journey of the property deposits I have saved in the past. But why didn't I buy property in the past and what am I doing to save my deposit today? Book a Free Property Strategy Session - https://onproperty.com/strategy 0:00 - Introduction1:33 - Where I'm at now2:22 - My 1st Deposit (Age 16)5:21 - My 2nd Deposit (Age 25)8:47 - My 3rd Deposit (Age 28)12:05 - My 4th Deposit (Age 31)18:58 - Getting Out of Debt21:55 - Saving My 5th Deposit23:39 - Do I Regret Not Buying Property In The Past?25:00 - It's Never Too Late To Get Into Property26:30 - Building a Large Portfolio27:32 - Property strategy session= Recommended Videos: I Lost Thousands in Cryptocurrency…Here's What I Learned How I Paid Off $100,000 of Debt in 2.5 Years Financially Free at 32…Again Transcription Ryan 0:00I might actually be able to buy a property my first investment property in just a couple of months, which is super exciting. I am finally saving my first house deposit. This is not the first deposit that I've saved, but Fingers crossed, this will be the one that will actually get me my first property. It is absolutely amazing what a difference a couple of years can make. In this episode, I want to take you on the journey of the deposits that I've saved in the past which I've actually saved quite a few and never purchased property. why I did that? Do I regret it? Because, you know, I could have purchased property probably around 15 years ago, which obviously would have grown But why didn't I What happened? And then what am I doing to save my deposit today. So grab yourself a tea or coffee or water and settling because it is storytime This is my journey. This has been a long journey and an arduous journey. But hopefully this will encourage you to go out there and to say that, even if it doesn't happen overnight, if we have a plan, if we strategize if we work towards it, we can get there eventually. And we can have an amazing life along the way, which I actually think is more important than buying the properties. I think the most important thing is having the amazing life, you buy properties as an insurance policy to give you financial freedom to give you choices in order to do that. So now I'm saving my deposit probably got around about the 15 to $25,000 put aside for property, I'm looking at buying something around about 350 to $450,000, with maybe a five to 10% deposit. So I probably need anywhere from around 17 and a half 1000 up to $45,000 for a deposit plus stamp duty and closing costs. So you're looking at another what maybe 1015 $20,000 in order to save for those closing costs. So I'm actually not too far away from purchasing my first property, hopefully in a couple of months. But let's go back and look over my life and see what got me to this point. Why haven't I bought property yet? What sort of things have I done along the way? So my first deposit was saved before I was 18. So I remember going driving out to Lythgoe with my dad at age 16 I had around $20,000 in cash, looking at properties around about the $100,000. Mark. So you're looking at 10 to 15% deposit plus closing costs there. I had the money in order to do that. So looking at those properties. The thing that was difficult for me at that time, being so young, only having a part time job was just serviceability, right. I couldn't get a loan in order to purchase these properties. And that really held me back at that time. I think if a bank was willing to lend a 16 year old $80,000 or $90,000, in order to buy a house, then I would have gone ahead and done that then and purchased a property in Lythgoe, what, 15 years ago, no, 17 years ago now. And we'll probably I don't know if I'd still own that property today. But that would have been the start of my journey. So that didn't happen. I wasn't able to borrow money. And then in my late teens, early 20s, when I was thinking about what career do I want to pursue, I knew that I wanted to be an entrepreneur, I knew I wanted to make money online. So again, I continued to work, just casually just part time while I tried to build up my business and make this dream a reality of working full time online. So again, my service ability suffered. I also had met an amazing partner, we decided to get married. And so around that time, the deposit that I had saved, got used for things like just living expenses, going on holidays, doing fun things. I gave some of that money away as well, a big chunk of that I actually gave to a cause that I believed in at the time. And so quickly that deposit went from existing in my bank account to not existing to the point where when we got engaged, I actually had to sell

https://www.youtube.com/watch?v=XSrDuSuILAs We are so often told that if we want the best capital growth our property needs to be close to amenities. Good school, train stations and shopping centers or other public transport are often touted as key indicators of future growth. But what does the data actually say about the affect of amenities on the capital growth of a suburb? The results from this one are extremely surprising. Read this article: Select Residential Property DSR Data 0:00 - Introduction1:40 - Key idea: Price has already factored in existing amenities, which does NOT lead to more growth4:00 - How expansion of Brisbane airport affected prices short and long term4:45 - Do train stations affect capital growth7:55 - Be careful of starting and ending points of statistics8:30 - Do school affect capital growth11:00 - How do beaches affect capital growth12:55 - How does proximity to shops affect capital growth13:58 - How does walkscore affect capital growth?21:24 - What do we do with this data?26:04 - Price variability over time Recommended Videos: Property Data Dive Series Transcription Ryan 0:00We're often told that when you're buying a property to get the best capital growth, the best return on investment, you want to look for properties that are close to amenities close to really good schools, close to shops and shopping centers, close to public transport. How many times have you heard people say, you know, this is a great suburb because it's got all of these factors in it. But as an investor, what we care about is the return on our investment, how much is that property going to grow? How is it going to perform? And so is this actually important? And today, I've got with me, Jeremy Shepherd from select residential property to actually dive through the data on this one, yes, it makes logical sense that we want these amenities there. But does the data actually back up this idea that this is going to lead to higher than average capital growth? So I'm excited for this on Hey, Jeremy, how I Jeremy 0:50can hire Ryan, Manuel, how are you? Ryan 0:52Yes, very good. I'm looking to buy a property in the very near future. And this is obviously something that I'm thinking about and considering when looking at suburbs is to say, okay, what's the suburb? Like? What are the schools like in the suburbs? have close to the shops have close to the transport, basically, trying to get an idea of, you know, why would people want to live here? And will they want to live here in the future? And does it have those desirable things, but I'm thinking you're going to tell me something different given? You've done the data analysis, and there's an article on this? Jeremy 1:26Yeah, good, good guess. Yeah, look, it's not a complete waste of time researching this sort of stuff. But there's, there's a very clear caveat to it. It's not automatic, that if you're buying in a suburb with good schools, shops, transport, all those amenities, that you're going to get above average capital growth. The key is whether that amenity is new or old. So the whole principle here is that if the suburb has all these great amenities, then it should be that properties in that suburb are very expensive, because this is a desirable place to live. But the price has already factored in the benefit of those amenities being there. Let's say for example, you get a new train station that comes into the suburb, what's going to happen is the suburb is now more desirable, people start paying more to have that, that benefit of being within say, walking distances, TradeStation. But after a few years, once it's factored into the price of properties in that suburb From then on, it's just it's business as usual, the capital growth carries on pretty much the same as any other suburb. So it's always a short term thing. And I did some research to look into some of these, these things like, like transport? Well, let's Ryan 2:49have a look. Let's type people through the data and see what the data says from from what I'm hearing about, what you're saying is that, like we talked about in a previous video on public housing, is that if something negative comes into us other, like you mentioned, a sewage treatment plant, or if a new airport gets built, and there's planes flying over, then that's other can be reduced in value, or the growth can be slowed over the next multiple years, maybe three years, maybe five years. But then you're saying what happens is eventually, that eyesore or that issue is factored into the pricing. And then that suburb is just going to grow in line with basically the surrounding area. And I guess what you're saying here is that the opposite is true is that if you've got a suburb that doesn't have amenities, if you add those amenities, making the suburb more desirable that lifts the

https://www.youtube.com/watch?v=f3PVAUKovuQ Let's talk about bad debt and how to pay off debt. I'm so grateful to say I am FINALLY in a position where I am debt free and now able to save a house. But rewinding to 2-3 years ago that was not the situation I was in. I quickly got into around $100,000 worth of debt. Here's how I managed to pay it off in such a short period of time. 0:00 - Introduction2:05 - #1: Write Down ALL My Debts3:26 - #2: Accept Where You Are3:48 - #3: Write Down All My Assets To Know My Net Position4:20 - #4: Calculate Minimum Required Payments5:37 - #5: Cut Spending DRASTICALLY7:23 - #6: Increase Your Income10:20 - #7: Keep Expenses Low Even As Income Increases11:19 - #8: Create a Buffer Fund14:04 - #9: Have Great People Around You Recommended Videos: How I Got Myself Into Debt How I'm Paying Off Debt Transcription Ryan 0:00Let's talk about debt. Let's talk about bad debt. And let's talk about how to pay off debt. I'm so grateful to say that I am finally, finally, in a position that I am debt free and actually saving towards a deposit for a house. And I found out yesterday that I may actually even have most of my deposit ready and be able to go way faster than I thought. But if you rewind to about two, two and a half years ago, that was not the situation that I was in, I quickly got into a lot of debt, around $100,000 worth of debt once it was all tallied up. And let me tell you, that is a scary, scary figure. So in this episode, I want to talk about the things that I did to get out of such a significant amount of debt debt that was crippling debt that nearly sent me bankrupt. And so if you have bad debt and your life, whether it be as bad as me, or maybe just some credit card debt that you want to get rid of, what are some things that you can do to start to remove that debt, and actually get ahead in life? Hey, I'm Ryan from OnProperty, helping you on your journey to financial freedom. I'm currently at the beautiful garden falls on the Sunshine Coast. And it's taken me a lot of heartache, and a lot of hard work to get here. But I'm excited to share this story with you. I have been financially free through my businesses twice now been in extreme amount of debt and been able to pay that off. And I'm now saving towards my first property, which I should hopefully purchase this year. But if you're in this situation like I was in when you're in debt, how did I go about actually paying that off? and wiping that debt completely? Because I didn't do what everyone told me I should do. I actually tackled this my own way in a way that was true to myself. And I'm obviously really happy with the result having cleared that debt in just two years, but not just cleared it but also created financial freedom through my businesses, again in that two year period. So what did I do that was different? And what can you take away from this? Well, the very first thing that I did was actually sat down and wrote down all of my debts, I lived in denial for a little while thinking, Okay, now I just need to get by, I was going through a married separation. So there's a lot emotionally happening for me, I wasn't ready to write down my debts and deal with that. So I just kind of swept it under the rug, didn't think about it, and was just kind of going on in life. But one day, I remember sitting down in my dad's garage, which was my office at the time, line by line, I went through every debt that I owed from existing debt that I had payment plans on to money that I owed family members to future tax that I would have to pay, which I knew was debt that just wasn't quite jus just yet. I wrote it all down. And it was extremely overwhelming to realize that I was around $100,000 in debt, the exact figure I don't remember. But I do remember that feeling of looking at that and just being like, I am absolutely screwed. There is zero way that I can get out of this. What the hell, how have I got myself into such a mess. But I sat with that overwhelm. And I sat with that fear and terror, and just kind of asked myself, okay, what now? It's like, this is where you are, and accepting that this is where you are, was a big step for me and to just say, okay, pass, Ryan got you into this, as Ryan was a bit of an idiot. But this is you now, this is what you got to deal with? How are you going to get out of this. So I wrote down all the debts, I also wrote down all my assets and things that I could potentially sell in order to clear some of that debt. And I knew that I had businesses that I could sell and probably liquidate around about 50 to $60,000. But then I'd have to pay tax on that. So you kind of more looking at around maybe $40,000. So at least that took 100 grand down to 60 grand if I ever had to sell but that also kind of wiped the idea of selling my businesses, because it wasn't even going to pay off

https://www.youtube.com/watch?v=_lMnvaDCPQ0 We are often told to get the best capital growth we should buy the more premium and expensive suburbs and avoid the cheaper suburbs.People things suburbs are cheap for a reason and are going to stay cheap. But is this actually true? Do cheaper suburbs actually underperform compared to more expensive suburbs. Cheap Markets Are Not Under-Performers (Article Link) Select Residential Property DSR Data 0:00 - Introduction1:23 - Why are cheaper suburbs cheaper2:59 - Cheap vs Expensive Growth Australia Wide5:26 - Cheap vs Expensive in Regions7:00 - Cheap vs Expensive in Smaller Regions8:30 - Cheaper suburbs always perform better no matter which way you look at it9:05 - Cheapest vs Cheaper vs Dearer vs Dearest12:00 - Cheap vs Expensive in Major Capital Cities13:17 - Looking at Deciles15:00 - Looking at a 40 year period16:30 - Cheap vs Expensive Yield17:13 - Why buying cheaper properties could be better than more expensive properties Recommended Videos: Do Properties Near The CBD Actually Get More Capital Growth? (Property Data Dive) Transcription Ryan 0:00We're often told in order to get the best return on investment when buying property that we should buy the more expensive suburbs, the more premium suburbs with the idea being that people in the suburbs maybe have more money. And so I know property's going to grow faster. But what about cheap suburbs? People often think, okay, they're cheaper reason, and they're probably going to stay cheap. But is that actually true to cheap suburbs, underperformed compared to more expensive suburbs? Or is the opposite actually true? So today, I have with me, Jeremy Shepherd from select residential property to actually look through the data and to say, should we be investing in the more expensive suburbs? Or should we be investing in the cheapest other? So hey, Jeremy, thanks for coming on today. Jeremy 0:43Thanks for having me. Ryan 0:45Yeah, this one is really close to home at the moment, because I have saved my deposit, I'm looking to invest in the next few months, three to six months, and looking at different options in South Brisbane for me, but there's the cheapest suburbs, you know, kind of around $350,000 that I can get into with a lower deposit, or there's more expensive suburbs looking at 450 to 550, where obviously, I need a bigger deposit. And so I'm kind of arming an iron between the two. So it'll be interesting to go through this and to see, okay, what could be better? Jeremy 1:19Yeah, well, first of all, they don't underperform. So they're cheap for a reason is true. They are cheaper because they don't have all the nice things that the expensive suburbs have. But that doesn't mean that they underperform just being expensive, doesn't mean that you've had better capital growth. And I think that there's this mistake, mistaken belief that if a suburb is expensive, how did it get there, maybe it had better capital growth, but it's always been more expensive. And there's this correlation between proximity to CBD and higher prices for suburbs close to the CBD in the map, major capitals more expensive than the suburbs get. But they've always been like that they've always been more expensive. And as property investors were not interested in whether our properties is is cheaper, expensive, but whether it has a capital growth, that's the that's what we're after. Ryan 2:11And exactly right. Because let's say I'm going to invest a million dollars over the next couple of years into property or buy a million dollars worth of property, I could buy three for around, you know, $330,000 each, or buy two for 500,000, or one for a million. But what I hear at the end of the day is how much they go up in value. I don't care about the individual property price and its ROI. You know, I think one of the best videos we've done together is whether or not proximity to the CBD does correlate to higher capital growth. And the difference there was very small and not as much as the experts say, so I'll link up to that one down below. But let's jump into the data here. Sure, cheap markets versus expensive markets and talk us through some of the analysis that you've done. So we can get an idea of which does perform better. Jeremy 2:59Yeah, so this, this table, as you can see here was an analysis of cheaper markets versus more expensive. So what I did is, at a start date, I split the entire nation up into two groups, you either had a suburb below the median, or above the median, that's the cheaper or dearer columns there is. And then I measured on Australia as a whole. Yeah, yeah. And then looking at every suburb, over whether it's three years growth, you can see there in the far left, gone, three years, four years, 510, or 20. And in every one of those cases, it was actually the cheaper market that

https://www.youtube.com/watch?v=rk0Kl026uTU&ab_channel=OnProperty We are often told that if we are going to invest in property we want to find a suburb or street with low government housing. But is this actually true and does the data support this idea? Or can you invest in an area with high public housing and still get great growth in that area? Public Housing in a Suburb is No Big Deal Select Residential Property 0:00 - Introduction1:20 - Why this idea might be false5:08 - What does the data say?10:00 - Yield is not factored in11:25 - Something where there is a clearer trend13:30 - How to use data to build an investment strategy and predict where is likely to be good15:25 - Change in Gov housing vs capital growth Recommended Videos: How To Find Public Housing Hotspots In An Area Why Population Growth Does NOT Predict Capital Growth (Data Dive) Transcription Ryan 0:00We're often told that if we're going to invest in property, we want to find a suburb, we want to find a street with low public housing or low government housing, the idea being that if people own the properties that they're going to invest in them and renovate them, and the suburbs going to go up at a faster rate than other suburbs where that public housing in them are a higher percentage of public housing. But isn't this actually true? When we look at the data? Is this the trend that we say, Oh, can you actually invest in an area with public housing and still get great performance out of your property? So today, I have with me, Jeremy Sheffield, from select residential property to talk about this, to actually dive into the data I'm gonna answer once and for all, as to whether or not this has a big effect on future capital growth or not. So hey, Jeremy, thanks for coming on today. Jeremy 0:50Thanks very much, Ron. And thanks for giving me the opportunity to talk about this topic. Ryan 0:56This is something that has been talked a lot about in the community, there's a lot of experts out there who say to avoid public housing, and honestly, I can understand the reasoning behind it, avoiding you know, issues that can come with that lower socio demographic area, as well as the idea behind, okay, people own the mall owner occupiers, they're going to spend money painting their house and renovating it. And that could live the suburb as a whole. So what does the data actually say? Jeremy 1:25Well, the data suggests that there, it depends, is it there isn't really much in it. So it comes down to how long the social housing has been there. Let's say let's say a suburb is to host the new cities, sewerage treatment works, you can imagine that capital growth in that area is going to be diminished over over the following years. But eventually, that lack of capital growth, while the rest of the city suburbs are growing, eventually be factored into prices. And this is the thing over a long period of time, just about any sort of amenity or eyesore or advantage gets factored into the price of property. And from then on, it's it's business as usual. Queensland University of Technology did an interesting study about Brisbane Airport in in 1980, there was an expansion of Brisbane Airport, there was going to be a new flight path that was going to affect suburbs under that flight path. And for about four years, those suburbs had reduced capital growth. But then after that, it was it was business as usual. So it took four years for that negative amenity, to have an impact on prices, bring them back in balance. And from then on, it was his business as usual. So if your public housing has been there for decades, it is well and truly already factored into the price of property and is having no impact on capital growth. Ryan 2:57So what you're saying here is let's say we have an area that has a very low percentage of public housing, the government decides, okay, we're going to move a lot of public housing into this area increase the percentage that could have a negative impact over a short period of time, because that's now less desirable, because of you know, the socio demographics of that area. But what's going to happen over the next couple of years, okay, maybe that's how it doesn't grow or goes backwards while the rest of the city grows, eventually, that's just gets known as you know, the price and the value that it's at, relative to everything else. Now that it's reached kind of its equilibrium, as the city continues to grow, it's probably going to keep pace with it. Jeremy 3:39That's right. Yeah. And when you think about it, let's say there was something very negative, like an enormous amount of public housing that comes to a suburb and it has negative growth, if that negative growth is going to continue, because it's got social housing, do you eventually get to a point in the future where property prices a negative, like people actua

https://www.youtube.com/watch?v=z2TkAOaidtg&ab_channel=OnProperty Experts often tell us that the more a suburb has grown in the past means that suburb is more likely to grow in the future. But is that actually true and does the property data back up this idea: High Property Growth History is a Red Flag Select Residential Property 0:00 - Introduction1:38 - Why the opposite might actually be true4:45 - What does the data tell us?9:50 - Last 10 years vs next 10 years12:15 - Applying this to cities and larger markets15:00 - Performance of significant urban areas over the last 30 years Recommended Videos: Why Population Growth Does NOT Predict Capital Growth (Data Dive) Transcription Ryan 0:00Experts often tell us that the more a suburb has grown in the path or a suburb with good growth history means that that's above is also likely to grow in the future. So does the past predict the future in terms of Southern growth? But is that is that actually true? Are we actually making these decisions based on data? Or someone just told us this and you know, general consensus has just kind of agreed to it and gone along with it. So today, I have with me, Jeremy Shepherd from select residential property, to look at the data behind this and say, okay, does pass growth actually predict future growth? Or could the opposite be true? And I absolutely love Jeremy, that you just take a super data approach to this. And you're happy to, I guess, come over the top with some, I guess, counterintuitive views on what may be happening here and just provide us with these knowledge bombs of insight. So super excited for this one. Jeremy 0:56Yeah. Well, thanks very much for having me. on your show, Ryan. And this is this is a topic that I I get a lot of heated arguments with, with experts about Yeah, so I'm always falling back on what the data says Show me. Ryan 1:10What is the premise here that the experts are saying, why why do they think that? If an area has grown Well, in the past, it's going to grow? Well, in the future? What is their reasoning? Do you think? Jeremy 1:23Right question. I actually, it is it is peculiar. Why is it just because it did in the past? Why does that mean it will in the future? Because my initial reaction is, well, if it's if it's grown too much in the past, if it's outperformed, and put a massive gap between itself and you know, its neighboring suburbs? Don't the neighboring suburbs look more attractive, because they're now relatively affordable by comparison. And that's the whole concept of this ripple effect where, you know, you have the ideal suburb, everyone's buying there, they love it, prices go up too high. And then people look for the next best. So they think, well, it's not ideal, but it's it's close enough. And so that reduces demand for the ideal suburb, because then it's unaffordable, and increases demand for the next best thing. And that just keeps happening. And it all ripples outwards from, you know, the most affluent, exclusive suburbs. Ryan 2:26Right, our saying today, you would you would expect from the data, the opposite to be true that if a suburb has grown significantly in the past, then it's less likely to see growth in the near to medium term future. Jeremy 2:39That's right. But as as things just balance out, Ryan 2:41or Yeah, may not be triggered growth, but my won't necessarily see more growth in comparison to other suburbs close by. Jeremy 2:49Yeah, that's right. And I do use this. apples and oranges analogy, where picture yourself in a fruit shop 100 years ago, and you can buy an apple for one cent, or orange for two cents. Now, if oranges grew in value at 8% per annum, but apples only grew at 4% per annum, then 100 years later, you'd be spending 50 cents on an apple and $44 for a single orange. It's It's ridiculous. It's still an apple, it's still an orange. Why would you walk into a fruit shop buy $44, one orange, when you could buy 88 apples for the same price. So what would happen is long before that ridiculous price discrepancy arose. People would think oranges are expensive. What's an alternative? Yeah, apples there, they seem to be quite affordable. So that reduces demand for oranges. And they have a lower growth rate increases demand for the substitute the apples, so they catch up. So that what's more likely is you walk into a fruit shop 100 years later, and it's 50 cents for an apple and $1 for an orange that sort of thing Ryan 4:02that makes discrepancy will kind of counterbalance so we'll kind of try and stay around the same sort of thing. So if you got like in this picture, we've got Bondi Beach here. I think this is a very desirable suburb, obviously. But if Bondi grows by significantly too much, then people will look at the outer suburbs surrounding Bondi to say, Okay, I still want to live near bond I maybe won't be a

https://www.youtube.com/watch?v=F9rz9q5B74c&ab_channel=OnProperty We are often told if we want the best capital growth we need to buy as close to the CBD as possible. But is this actually true and is there any data to back up this advice? Why There's No Need To Buy Near The CBD Select Residential Property 0:00 - Introduction1:13 - Issues with prior reports6:35 - What trend you'd want to see if this was true8:10 - Calculating the data9:25 - The results11:45 - A problem that makes this difficult to assess13:30 - Change in growth/m216:35 - Yield vs distance to CBD19:20 - Don't just look at one data point20:25 - Volatility vs proximity to CBD22:30 - Why are properties near the CBD more expensive? Recommended Videos: Why Population Growth Does NOT Predict Capital Growth (Data Dive) Transcription Ryan 0:00We're often told that if we want the best capital growth, then we need to buy as close to the CBD as possible and that the further out you get from the CBD, the less capital growth you're going to get in that suburb and in that property. But is this actually true? Today? I have with me, Jeremy Shepard from selected residential property to talk about this. Do we actually need to buy in the CBD or as close to the CBD as possible? And is it true that the further out we get, the worse our capital growth is going to be? When we look at the data? Does it actually tell us a different story? So hey, Jeremy, thanks for coming on today. Jeremy 0:37Thanks for having me. on your show. Ron. Ryan 0:40No worries. So yeah, this is one that I'm really curious about. I know that you take different angles, other people, you look at the data, I guess more, I don't know, less emotionally, you don't draw conclusions as quickly as other people do? And you tend to say no, what does the data actually tell us? And sometimes you throw your hands up and say, Look, it doesn't really tell us much. So I'm excited to hear what conclusions you come to and what data you've looked at. So don't talk us through a bit about what research you've done, what conclusions it's likely to? Yeah, well, Jeremy 1:11I guess it was all triggered by having a look at some prior reports, I've seen quite a few. And it all seemed very convincing. And I tried to replicate the same sort of results and just to a little more well rounded job of it. So for example, people refer to inner ring, middle ring, outer ring, why have we got three rings? A lot of the reports I've seen have just focused on a single city. And I just thought, we need something a little bit more broad. What I wanted to know was, what is the improvement in capital growth per kilometer closer to the CBD? Is it possible to come up with a metric like that. And really, what I found was, there's not really much in it. And it's debatable whether there's anything in it. In fact, if I just scroll down, I think there was a Okay, so I go through some other reports and just point out some of the shortcomings, or some of these reports were quite a few years ago. So we can't really, you know, point a finger at what was done then it was was pretty good for its time. But there is a chart or where I cut to the chase. So I'll just if you'll bear with me, and I Ryan 2:24will link to this article down below if people want to go through this go through it in way more detail than we're going to cover in this video. And you can see all the graphs and things here. Jeremy 2:34This is a great one from two big names in real estate. Well, two big names in data in general RBA and real estate Institute of Australia. And, and this chart is a little bit hard to absorb. But what they've done is they've they've tried to create a ratio between these two timeframes, 2014 and 2008 2008. two and six. And the idea of this chart is that prices are getting the difference between inner and outer rings is getting larger and larger over time. So all I did was I tried to replicate this exact same chart, but for two for different time frame. And I've got completely the opposite result. So where's my one? Ryan 3:27I don't even understand what this chart is trying to tell us. Jeremy 3:31Well, yeah, okay, so Ryan 3:32his inner ring, and where's the outer ring? Jeremy 3:35Yeah, where exactly where do you draw the line? That's, that's another issue. What is Ryan 3:40it? Like? What does red mean? What does blue mean? What is medium prices? How much? Ring house versus an outer ring house? Jeremy 3:49Yeah, that's right. Okay. And that's it's 2006 versus 2014. So, you can see that in every case, the blue is higher than the red. Ryan 4:02That is the ratio is getting higher inner ring, the growth of inner ring houses outperforming the growth of outer ring. So you want to kind of 2014 the ratio should be higher than 2006. If the CBD is going to grow faster. Jeremy 4:18Yeah, that&#0

https://www.youtube.com/watch?v=eslXgi36xgw&ab_channel=OnProperty Managing money as a young person can be extremely difficult and it's not something they teach you in school. However, it is possible but with some simple steps and the right mindsets you can get really good at managing money when you're young. N'Jaane's YouTube 0:00 - Introduction1:48 - #1: Having Multiple Bank Accounts8:16 - #2: Look at money as a form of energy9:48 - #3: Look at what you spend your money10:58 - #4: How is your spending making you feel? Is it bringing you joy?13:55 - #5: Have a holistic view of money17:45 - #6: Have good money habits when earning a little or a lot19:28 - #7: Never spend money you don't have21:00 - #8: Give to something that is important to you Recommended Videos: Barefoot Investor Bank Accounts Explained Transcription N'Jaane 0:00Looking at money as a physical form of energy and understanding what it actually is, money is just energy. And as long as you've got energy in your body, you've got a way to make money and switching from a real scarcity mindset to an abundance mindset. It's like, actually, I can make a lot of this. And it's not a bad thing, if I do. Ryan 0:23managing money as a young person can be extremely difficult. It's not something that they teach you in school, I know I wasn't very good at managing money when I was young, however, it is possible. And with some simple steps and some simple processes in place, you can get really good at managing your money when you're young, to be able to save for a property or to invest or to set up your life. Today, I have with me, john Taylor, who is one of my best friends in the whole world, but also an extremely successful young person I've seen you go from, you know, basically having no money at all. N'Jaane 0:58And they're stressed out, Ryan 1:00stressed out on money, and then even earning just small amounts to be able to build up savings, build up a buffer and fun, build up your life to the point now, a couple of years later, when you're a successful DJ, you're running, meditate and levitate, you've got a lot of things going on in your life and more money coming in than you used to. And you still better at managing money than me. I'm excited to share today, some of the things that you do in your life that people can take away and maybe apply to their lives, whether you're young, this will help you. But even if you're older, you can take a lot from this as well. So thanks for finally coming on. Well, we got there. So what are some of the things that you implemented in your life to get you from that point where you were really stressed out to feeling like you have control over your money? N'Jaane 1:46Yeah, so I was really fortunate. I have a lot of mentors and friends that in the business game and entrepreneurs and so I went to a master your money seminar, I guess when I was really young. And there's just like, it's a really simple tactic that I started implementing. And I found that it didn't actually matter how much money I made. It just gave me that head start in like, very slowly building stability for myself. So the biggest thing that I took away from that was the full bank accounts like how to actually physically manage your money. So Ryan 2:28Well, that's it, most people just have one bank account. So mine comes in and money goes out. And then most people aren't necessarily tracking that. They just kind of do the blind like half and just hope it goes through. Yeah, especially if you know, as a younger person, you've gone out on the weekend. You're not sure how much you spend? N'Jaane 2:45Oh, yeah, I really feel for I feel for people on that one. That's why being a DJ is great. Just do that. You'll save hundreds of dollars for a drink. Yeah. Ryan 2:58So what are these four bank accounts? And how do you allocate money across them? N'Jaane 3:02Yep. So I it's easy. Look, I'm a bit OCD. So. Um, so I like managing it myself. But you can set it up. I know that I think maybe NAB and there's a lot of banks that will let you do this automatically. So you don't have to be going on to your bank account. And like manually doing this every single week, the you kind of work out how much money you spend on a weekly basis what your bills are, and then that money can just automatically be deducted and put into each different account. So Ryan 3:41explain the accounts and what each account is for. N'Jaane 3:43Yep, so I've got weekly expenses, which is exactly how it sounds. I just figured out rent, food, phone bills, like pretty much. Take a look at your bank accounts. See what you've spent on a weekly basis for the past like few months, average it out, it should like you'll find the stuff you're spending money on every single week. And especially for me

As a homeowner there can be a seemingly never-ending stream of plumbing problems. Blocked toilets, leaking taps or faulty hot water systems. They’re all a part of life, whether it’s in your own home or an investment property. But when the time comes for necessary, often urgent repairs, you want the best plumber to get the job done. And that decision making process has its own challenges. They key is to never panic or feel rushed. It’s always better to take your time making the right choice instead of chasing up loose ends later on. Backed by a calm approach, here are 8 things you should look for when choosing a good plumber. 1. Positive and Reliable Online Reviews Reviews of Metropolitan Plumbing Sydney The first thing you want to do is look at online reviews. Never leave it until you’re unhappy with a job and want to complain. It’s one thing to stick to a name you remember from television advertising or letterbox drops, but it’s another to properly check out their reputation and reviews. Leading resources include Product Review, an Australian consumer-based review site, and Google Review. Both are independent sources where customers can leave detailed feedback. You can then check out the pros and cons before making any decision. Look for recurring themes surrounding pricing, job satisfaction, customer service and availability. Individual reviews may focus on just one point, like pricing, so it’s always good to capture the overall picture. An inside tip is to avoid the lure of companies which seem too good to be true. An overall 5-star rating looks appealing, but is there actually a large quantity of reviews? A good balance of positive and negative reviews reveals legitimacy and engagement. There’s a better chance at truly seeing a company’s overall performance, rather than a tiny snapshot. Remember, it’s not possible to please everyone. There will be negative reviews and although 5 stars seems tantalising, the 4.5 ratings are the best benchmark. You can build from there and use the feedback as the perfect starting point for choosing a good plumber. Check out Metropolitan Plumbing's reviews on Product Review 2. A Good Social Media/Online Presence An engaging, communicative social media and online presence is just as informative as customer reviews. And although it may not be the first thing you think of when looking for a plumber, it’s an invaluable resource. Regular communication, informative posts and a professional website indicates a company which cares about customers. It’s more than just image. Evidence of a plumber answering questions and comments is always beneficial. As the customer you can rest assured someone is willing to help if anything goes wrong. On the other hand, when it seems like it’s difficult to engage with a plumber online, often the poor communication stretches to customer service. Irregular posts, no customer interaction and obvious negative comments are a major detraction. Just stay away from the plumbers and companies which give off a sour feeling on social media. Instead, look for those who post great images and have a positive interaction with customers. An active blog on their website is a good sign so is an active YouTube channel. This can really give you a better feel for the company or plumber you're going to be working with. Plumbers that are proud to show off past work are helping you make a big decision. Their eye-catching renovations and professional installations are all the evidence you need. As they say, a picture is worth 1000 words. 3. License Numbers and Insurance Always use a fully licensed plumber, electrician, technician or tradesperson. There are no ifs or buts about it. Even if the prices are low and you’re desperate, the risk does not balance out the reward. While you’re looking at a website or Facebook page, look for licence numbers. Often they’ll be located in the About Us section or a page footer. Perhaps the licences are even in the general text. Either way, the crucial part is you should easily find licence numbers without having to dig too deep. Licence numbers also vary in each state. For example, Western Australia has separate licences for gas fitting and plumbing. Other states are combined. The differences are especially important for a national company which has plumbers in various states. Take note of insurance, too. This is equally as important as it means the plumber is covered if anything serious does go wrong. 4. Flexible Availability Fast response times, 24/7 availability and same day service is the least anyone should expect. We all have busy lives due to work, family time, sporting commitments and socialising. Sometimes it feels like there’s barely a moment to blink. And when you’re that busy, waiting all day long for a tradesperson is the last thing you want to do. Being told to expect someone next Thursday between 9-5 is not good enough. You want a plumber that fits within your schedule. Search for plumbers offering same day serv

https://www.youtube.com/watch?v=Z1k9zSVrMMg&ab_channel=OnProperty People often say you should look at population growth to try and predict capital growth. The idea is that if an area has population growth it is a desirable area and that will lead to capital growth. However, there is a fundamental flaw in this assumption and today I sit down with Jeremy Sheppard from Select Residential Property to discuss why population growth DOES NOT predict capital growth. Select Residential Property Article: Avoid High Population Growth Suburbs 0:00 - Introduction0:45 - Macro vs micro level2:50 - Population growth is a lagging indicator of supply3:40 - Really you want a suburb where there is little to no population growth but the suburb is still desirable4:52 - Taking the macro and applying it to the suburb level6:17 - What to look at instead of population growth6:43 - Population decline is a negative indicator8:25 - Other issues with looking at population growth9:23 - When population growth is a negative indicator Transcription Ryan 0:00People often say that you should look at population growth to try and predict capital growth and that if an area has high population growth, then that means that it's going to grow in the future in terms of the price of properties and capital growth. Today, I have with me, Jeremy Shepherd from selected residential property to actually talk about this, and to analyze and say, okay, is this actually true? Or is this something that just kind of sounds good, but doesn't have any data to back it? So I'm really excited to jump into the data trying to understand, okay, what does predicts capital growth? And it goes through population growth in particular. So, hey, Jeremy, thanks for coming on today. Jeremy 0:38Thanks for having me, Ron. Yeah, so Ryan 0:40talking about this, I think we discussed this years ago when we record it maybe four or five years ago. And I really liked your approach to this because most people say, Okay, if an area is growing in population, that means there's more demand for properties in the area. And as we know, demand versus supply, there's more demand prices are likely to go up. So people say population growth means there's more demand, which means prices are likely to go up. Jeremy 1:07Yeah, and I think at that level, that makes perfect sense. And, and when I look at it from a macro perspective, like Australia and immigration over over the previous years, it does seem to work. The problem is that, from a practical perspective, investor has to find a suburb, they have to find an individual property, and saying that a particular city is going to have excellent population growth, which is going to pump up demand. That's where it sort of loses its practicality because you've got to find an individual suburb. So if you go down to the suburb level, and look at how the population has been changing the suburbs, and a lot of people do that, they'll get ABS data about population growth and suburb level. This is where it all falls apart at that micro level, like at a suburb or local government area, because the only major way in which you can get population to grow at a suburb level, is if there are more dwellings so that people don't just, you know, move into the streets and, you know, live in a cardboard box under the freeway bridge, they occupy an already vacant dwelling. So if a whole bunch of dwellings are built, then a whole bunch of people can occupy those dwellings, and then you get that population growth measured. But of course, you needed massive supply beforehand. And so quite often, population growth, especially population growth forecasts, is really a forecast of supply. You know, the local council and developers get together, I think I agree, we can open up what they call a growth cartel. But it's really what investors should call a supply curve, because it's just extra dwellings. So wherever you get extra dwellings, that's going to be a problem because of supply, you know, supply and demand story. Ryan 2:50And so I think this is really interesting, because we look at population growth, often the data as well as quite lagged behind, you might get census every five years or have a way to get more updated information on that. But if you look at that, that means Okay, in that time, a certain amount of properties have been built or opened up or converted to duplexes or apartments have been built. They have been vacant when they were built and then filled in. And those people now live there. So it doesn't really give you that indication of Okay, population has grown, where's it going to go in the future? It's kind of it's a lagging indicator, as you said, of supply and the people that have filled that supply, it's not actually an indicator of the future and future growth. Jeremy 3:35Yeah, exactly. I mean, most people, when they talk about this topic of population growth, they&

https://www.youtube.com/watch?v=udeTRKgq21c&ab_channel=OnProperty It's been a year since I've been able to come up to the Sunshine Coast and hang out with Ben and chat about life and business and property. In this video we discuss some of the key things we've been vibing on at the moment. 0:00 - Introduction1:21 - Being hard on yourself3:48 - Being present on the journey to financial freedom7:59 - Speeding up success with a plan11:45 - Gaining your best life now13:50 - What do you want?14:30 - One of the most important things Ben ever heard Recommended Videos: We're Vibing On Life Right Now (May 2018) Property and Life Update 2020: Ryan McLean and Ben Everingham (Mar 2020) Transcription Ryan 0:00It's been a solid year since I've been able to come up to the Sunshine Coast with all the border restrictions and everything to be able to come up here hang out as mates as business partners and help each other now business as I refresh it. So good talk about property, talk about live all of this stuff, I just realized how valuable this relationship is. And we had a huge walk on the beach last night, like everything we do. So romantic. Ben 0:25It was a real good luck, it was awesome. Ryan 0:27But we are vibing on life. And we've done a few of these in the past, which I'll try and find and link up down below. But it's just a more chat to kind of get to know us get to know where we're at mentally, because this is one of the most powerful relationships in my life. I know you've said the same to me. And just so much good stuff comes out of our conversations that we don't really have with other people. And I know a lot of people out there listening don't necessarily have people that are on the same wavelength to them. So we just kind of wanted to share some of the stuff that's been going on with us some of the cool things we've been learning about being present, being mindful, enjoying life now, as things are, you know, in a good spot for both of us, like, let's be real, we had a couple of years there where things were real rough on both of us financially in our lives, like, Ben 1:17yeah, and like what I'm so grateful for man is like, no matter where I was at, I've been able to like, figure it back out. Like, if I could figure it out from where I was with my anxiety like three, four years ago. Like I feel like humanity's got like an epic outlook. You know what I mean? Ryan 1:34That's an invite I can figure it out from where I was in all the debt. I was in everything that I was going through, like one thing you said to me last night when we were walking on the beach is Ben 1:46my sister's little, the tortoise. Hello, buddy, Ryan 1:49showing us his car, his toy car. But yeah, one of the things that you said to me is like, you know, if someone went through just one of the things you went through, or this or that, or that, or that, you know, they'd be struggling and like you're being hard on yourself out to go through all of these different things. And you're judging yourself saying, You're not where you want to be. I need to give Ben 2:09myself some grace. They're fully man. Like, I feel like one of the things that I've learned in the last few years is just my dad's been saying to, to me for 10 years, he's like, just be kind to yourself, man. Like, you know what I mean? And I'm like, I couldn't hear it. I'm like, No, I'm like, I'm going on this direction. I want to be here. I'm like, prepared to hustle through it and go through the pain. And I'm like, I would never speak to someone, most of the time who I speak to myself, like, why don't I just decide to be like, my best mate. And like, kind of myself and accept that, like, I've got a bit more of an active mind than most people in that sped up journey. But it's also like, you know, it's just, it's just the, you know, what I don't even know how to say what Ryan 2:50I was thinking, you and I have been so hard on ourselves, which is part of what makes us high achievers and being able to achieve what we wanted to achieve, like, through like some of the stuff, I look back now, on the last few years, and I went through a lot of stuff, I ended up in heaps of debt, way more than I should have, I should have known better, but I didn't, you know, Ben 3:09and I've got to have had to go through that I've Ryan 3:11got to have grace for that. But what I've been able to pull off in paying off, you know, 10s of 1000s worth of debt in a two year period, increasing my income becoming financially free through my business again, and just I gotta stop and pat myself on the back a bit fully. What we were able to do, and I think you and I have both gone through that things have been hard. So what did we do? Like we doubled down, we worked hard, we did what we knew we

https://www.youtube.com/watch?v=-EivK-R6yxg&ab_channel=OnProperty The market in Brisbane and right across Australia is heating up so much right now. Negotiating and buying property is a hot market requires very different strategies to a cold market. In this video we share some amazing tips for how to negotiate and secure your next property when the market is extremely hot and properties are selling extremely fast. Book a Free Strategy Session 0:00 - Introduction2:06 - What is a hot market?5:10 - Building relationships with agents10:40 - What to do once the market comes online12:40 - The agent is your friend in a hot market13:40 - Build trust and value with the agent16:28 - Review the contract and be prepared when making your offer17:50 - How to present offers and negotiate21:13 - Helping the agent move the deal forward24:30 - Creating time pressure26:28 - If the property goes to the open home33:20 - Avoiding the bidding war and not getting emotional34:40 - Looking at the upside potential by looking at history Recommended Videos: How To Get Access To Off Market Properties How To Inspect A Property Before The Open Home Newbies Guide To Property Negotiation Transcription Ryan M 0:00The market in Brisbane and right across Australia is heating up right now and buying in a hot market is so different to buying in a cold market. I just sat down with Ben Everingham, buyer's agent from Pumped on Property. And we talked through some key things about how to buy and secure property in a hot market. We're going to be sharing this video, it's so good. We're sharing across both our channels. So I'll link up to Ben's channel down below where he does, he's of great content. And so go and check him out. Otherwise, let's get straight into the video. The market up here in Brisbane and on the Sunshine Coast is heating up so much at the moment. It's not just heating up man, it is so hot right now. And the way you approach purchasing property in a hot market versus a more cold chilled up market, which we've seen over the last few years in Brisbane, as well as during that peak Corona lockdown period is very different the way you need to negotiate the way you need to talk to agents, the way you need to try and lock down these contracts and get these properties is very different. And if you don't do it properly, then you're going to miss out and we don't want you guys to miss out, we want you to get the best investment properties at the right price. So today, we're going to be talking about how to negotiate and purchase investment properties in a hot market. I'm Ryan from OnProperty helping you achieve financial freedom. I got with me Ben Everingham, buyer's agent from Pumped on Property. And he has been doing this all man you know, all the last couple of months is just hot market negotiation. So really excited for this one today. You know, I'm loving it. It's what February at the time of recording this this year to date. I think we bought 20 I bought 22 properties for our clients personally and it is really hot out there right now. And like I just said to you off camera that even with everything that I know, which is I've been doing this as a business for five and a half years but I've been selling in negotiating for a lot longer than that I've read the books, I've listened to the audio and I'm only getting four out of every six properties still, you know it is hard. It's taking everything to like get the right outcome at the moment. Yeah. overpaying. So let's before we get into it, let's talk a little bit about Okay, what is a hot market? Why is Brisbane and the Sunshine Coast? so hot right now? so hot right now. So hot right now that fridge is so hot right now. So long right now? Yeah, I'm actually growing the hair out besides like this awkward length. But so a hot market to me is simple. From a data perspective. It is either an auction clearance rate of over 75% in Sydney, or Melbourne or one of those big regional markets where options actually work. in Brisbane, Adelaide and Perth auction clearance rates are still like 35%. So reading that indicator, it looks like low and not hot, but it's not that. The other one that I look at is DSR score. Yeah, when the DSR score gets above 70, it is hot as hell and hard. So we're seeing so hot, we're seeing like those markets at the moment. Every server we're buying is above 70%. Now some of them are getting over 80% auction clearance rates are going nuts in Sydney and Melbourne and sentiment and positivity drives higher prices. And you know, we're looking at a market according to Macquarie Bank and Westpac West sentiments at its highest point in the last seven to 10 years right now. And so that's having a knock on effect of RTB, right if we overpay cause I expect gains in the short term to make that back. Exactly. And some o

https://www.youtube.com/watch?v=DXoCSzNB_0Y The market is forever changing and things are heating up right now in many markets across Australia. In this episode we want to look at whether or not 2021 is a good time to buy and compare it to 2020 as well as previous years. Book a Free Property Strategy Session - https://onproperty.com.au/strategy Advanced Suburb Research - https://onproperty.com.au/suburb/ 0:00 - Introduction0:50 - Sentiment is super bullish2:04 - Things don't always play out how you think they logically should5:05 - Where are we in 20219:05 - Pressure on housing stock and vacancy rates10:20 - Australia is not one market13:10 - Things to look at moving forward from here14:30 - Erring on the side of caution in this market17:12 - Know your strategy before investing Recommended Videos: Is This a Sign Property Is About To Boom? (New Mortgage and Price Growth Correlation) 2 Properties to Financial Freedom Transcription Ryan 0:00The market is forever changing. And we always like to do updates about whether or not now is a good time to buy and looking towards the beginning of 2021. Looking into 2021, we've come through an interesting year in 2020, we wanted to ask is 2021 a good time to buy and what sort of things are happening in the market at the moment, and then maybe some comparisons last year, or even comparison to a couple of years ago, and see where we're at, hey, I'm Ryan from OnProperty, helping you achieve financial freedom. I'm joined by Ben Everingham from Pumped on Property to yet give you guys an update. And to talk about this just to see where the sentiments are, how things are progressing and how they might go throughout the year. Ben 0:44You know, I geek out on anything that's like analytical data oriented, it's all about me and what I'm noticing and feeling I'm liking and I've never I've never seen it this bullish at the moment like I've never seen it this positive across the board. Ryan 0:58Yeah. And I think that's something that is just so drastically different from what we've been dealing with for the last almost three years now. You know, Sydney went through its decline, Sydney and Melbourne in 2017 2018. And so, that kind of affected things and then obviously Coronavirus last year, it's just been there's been great opportunities out there. And some markets have been moving but sentiment as a whole hasn't been super bullish and super positive. And now it's just dude, every man and his dog is talking about a property some people I talked to at school, they don't even know I'm a property vlogger YouTuber, they come up they're talking to me about the Brisbane and I'm in Sydney like event talking about Brisbane or the Sunshine Coast or Ben 1:40it's pretty wild like Westpac does an epic little report called the Australian sentiment report and it is now in as of January or February this year, the highest it's been in the last seven years and December was the highest sentiments been in 10 years since the GFC. Now that is a huge precursor for like what's coming in a positive way Ryan 2:02and I think something I've had to let go of so over the last few years and dealing with renew the recession was coming or something was gonna happen and then trying to work out logically Okay, how are things going to play out and then being at this point now looking back and realizing that things don't always play out how you think they logically should? There's so many factors at play like last year Coronavirus, borders closed down international borders closed down job Kiva people losing their jobs it's like okay, the market should tank from a logical perspective people are earning less money you know what people are losing their jobs This is crazy. The market should tank but no the market dinner and and what people ended up earning more money saving more money because of job keeper and all of that sort of stuff. And then the market has actually grown as a result. So sometimes we think okay, we've been through 2020 and Coronavirus that should hit the market hard. Not necessarily and I think you know, Ben 3:01the very first thing I did last March man when shit started to get really bad was look at history, which is what I always do. And so Fred Harrison went and looked at the mid cycle slowdown, which is the event that we've just gone through that we've been talking about on camera for what like three, four years. Yeah, yeah. And when I went back and looked at the three mid cycle slowdowns before the Coronavirus one, what I found is that the average house price during these events, which are once every 18 to 20 year events, is a decline of only 10% globally in houses and an average of about 35 to 40% in stocks. And so I went like that knowledge is really powerful. Now each mid cycle slowdown comes from a trigger event. The sun was Coronavirus, l

https://www.youtube.com/watch?v=Au42IAeoCuM If you're looking at developing medium density property this one is for you. Recently there has been new rules introduced that make getting approval for medium density dwellings easier. Instead of 6-12 months for approval this new process could get you approval in as little as 2 weeks. This is exciting stuff for developers and today I have Luke Durack from http://www.durackarchitects.com/ to discuss this new approval process and how you can take advantage of it. 0:00 - Introduction0:43 - What is this new process?2:23 - Difference between this and DA approval4:00 - What developments does this code apply to?6:08 - Does this apply to granny flats?6:40 - Will this code become more commonly used8:37 - The pros and cons of taking this avenue11:15 - How can people find out more about this?12:45 - How to get in contact with Luke13:15 - Will all architects know about this? Recommended Videos: The Complete Guide To The Development Approval Process: Part 1/2 - https://www.youtube.com/watch?v=AZaxtl-1daQ A Better Way To Get Development Approval - Compliant Development Code - https://www.youtube.com/watch?v=BUtkZFlh01s Transcription Ryan 0:00If you're looking at developing property, then the development approval process can be an extremely difficult and arduous process that can take an extremely long period of time with setbacks and knock backs and going back to Council and this whole process, but there's actually been introduced a new are easier and faster way in order to get development approval done for medium density. So today I have with me, Luke, jack, from jack architects. Hi, Luke, how's it going? Good, I run good. And today, we're going to talk about this new process and how you could potentially use it if you're doing some property development yourself. So Luke, do you want to kind of give us the rundown? What is this new process? What's it called? Why is it better faster than, you know, going through a DA and going through counsel? Luke 0:52Okay, I'll I'll try and keep it simple because it's, it is simple in nature, but it's quite, it can get quite complicated quite quickly. Basically, as we, when we last spoke, we spoke about compliant development as it relates to houses. So an approval pathway that bypasses council essentially, this new part of the code, which is still compliant development, relates to medium density housing, and it's called the low rise housing diversity code. And it's specific to development types, such as dual occupancies terraces, and what they call Manor houses. And essentially, like, like it is for houses. It's a fast track way of getting through accounts. And so you don't, you're not getting held up by councils having their own particular biases or objections. You go straight through a certifier, you still needed, you'd still need an architect to draw up all your drawings and get all their reports done. But you'd have to worry about neighbor objections, because they can't have any size. Basically, as long as you tick all the boxes, you can have, in theory, your development approved in a couple of weeks, as opposed to if you go through Council, six months a year, go the landmark or whatever. So it's, it's a, it's a great, it's a great if you can if you can get your development to work within this pathway. It's a bit of a no brainer, in many ways. Ryan 2:22Yeah. So we actually talked about the development approval process and how all of that works a couple of years ago. So I'll link up to that down below. But basically, going through that DEA process, Yeah, you do. There's obviously guidelines you have to stick within, then there's a period where neighbors can put up rejection objections, and you know, if it doesn't get approved, you might have to make changes, etc. Then the difference with this, from my understanding is that it's more black and white. Whereas with DEA approval, sometimes you'll step outside of what you're meant to and the council needs to approve it or not. With this, you need to take every single box, otherwise, you kind of put into the regular development approval process. Is that right? Luke 3:05Yeah, yeah, straight back into di land. So if you're if the setback requirements for this new code, three meters from the boundary, and you're, you're just 200 mil less than that, you potentially are straight back into the AI lab. Ryan 3:21Yeah. So you have to take every single box that's required in order to go through this type of process, which is why it's quicker because they know that, okay, you're doing everything correctly, like the way we want it done. Luke 3:34Yes. And it's one of the objections from people who, because there's been a lot of objection to it, because it's people as objecting to it on the basis that it's,

https://www.youtube.com/watch?v=ZcwUCx4pjBo One of the most important people to have on your team as a property investor is a mortgage broker. But how can you actually find a good mortgage broker? Contact Michael at Mortgage Broker Sydney 0:54 - Start with a recommendations1:15 - Look at customer reviews, level of experience and time in industry1:50 - Access to as many lenders as you can5:15 - You need to be able to get on with your broker7:45 - How does someone engage a mortgage broker10:20 - Getting a feel for your broker11:00 - Finding someone who has longevity in the industry12:55 - Summary of how to find a good mortgage broker15:04 - A good broker will give you a path Recommended Videos: Summary of Australian Lending Changes: 2021 Update Do These 6 Things Before Applying For a Mortgage Transcription Ryan 0:00One of the most important people to have on your team as a property investor is a good mortgage broker, someone who can access multiple different lenders show you how much money you can borrow, advise you on how to get better rates, or how to increase your borrowing capacity. But how do you actually find that good mortgage broker and that good person for your team? So today I have with me Michael Brown, from mortgage broker, Sydney Comdata. You to talk through this about how can you find a good mortgage broker? How can you approach a mortgage broker and how the whole process works? So hey, Michael, thanks for coming on today. Michael 0:34Good Ryan. Good to be here. Ryan 0:36So finding a mortgage broker, if someone's you know, not in the industry, they don't have a recommendation from someone they just kind of googling mortgage broker? How can they go about kind of starting to identify who might be a good fit for them? And who might not be? Alright, Michael 0:53well, the first thing, of course, is if you've got friends or family colleagues who have at least had someone and dealt with a mortgage broker and have had a positive experience, we all know, that's probably going to be the best way. But if you're starting green, if I could put it that way, and you're just going to put it out there, then I guess you're looking for things like customer reviews, you're looking for the level of their experience, perhaps their time within the industry. Now, none of those things on its own is a guarantee, but at least it'll start pointing you in the in the right direction. Because I'm a mortgage broker needs to have I Well, I think, and I'm probably attached by us having even been in the industry for a while, but you should have some pretty good industry experience, you want to have as many of the lenders, that the sorry, you want to have access to as many lenders as you can. And you want to have Ryan 1:57does that vary significantly from mortgage broker mortgage broker, which lenders they have access to, or the most mortgage brokers have access to everyone? Michael 2:05No, most mortgage brokers don't have access to everybody. Because different people are employed under different I suppose in different within within different silos. So you could have, you know, completely independent mortgage brokers who will have access to the broad range of the industry, but some of the branded brokers would have less or fewer accreditation across all the major banks. So you might have someone who is within a franchise, for example, would have a significantly limited portfolio, Ryan 2:47which is interesting, because you would kind of think, as a lay person who's not in the industry, you would kind of think the opposite, that if someone's franchise, and it's a big company, then they're actually going to have access to more lenders than an individual. But I don't know if it has something to do with, you know, buying power and these groups negotiating with particular lenders and featuring them? Michael 3:08Well, some of those things are true. Look, I'm not necessarily saying that just because you're a franchise, you don't have access to a decent range of lenders. But as you say, some of those franchise, franchise instance, or businesses have limited their lending panels to take advantage of the sort of things you were just talking about. You know, buying power with a particular lender means that, you know, they might have only four or five different options, rather than 25 different options. Now, just because I've got 25 different options doesn't mean that I'm going to use all 25 of those lenders. But what it does mean, when your particular circumstance, you know, comes to my attention, and we find that you have a particular issue within your application, that we've got four or five times the options that you know, then then some of the others. Yeah, well, that's all I think you would probably come up more with those nice circumstances, if someone's having trouble getting money, being able to access more

https://www.youtube.com/watch?v=tByp8zBwmGE When you have an investment property it's really important to have a good team behind you. One of the most important people in that team is your rental manager. But how do you find a good rental manager and how do you even know what to look for? Today we talk to rental manager Lauren Robinson about how to pick the right rental manager for you. Rental Results Brisbane Property Managers 0:00 - Introduction1:35 - The difference between a good and bad rental manager4:39 - #1: How Do You Market Your Properties?7:22 - #2: How Do You Vet Tenants7:40 - #3: How Do You Manage Tenants and Do You Have an Online Portal8:10 - #4: How To Tenants Report Maintenance8:16 - #5: Who Will My Rental Manager Be?9:42 - #6: How Frequently Will You Inspect My Property?9:49 - #7: What Training Do You Offer Your Team?10:00 - #8: How Do You Handle Rental Arrears?11:58 - #9: Do You Offer a Service Guarantee?12:08 - #10: What Backup Staff Do You Have If Someone Is On Holidays or Sick?12:25 - #11: How Frequently Will You Communicate With Me?13:14 - How To Compare Property Manager Fees15:30 - How To Change Rental Mangers Recommended Videos: How To Know If a Property Will Be Easily Rented How To Increase Your Rental Income Transcription Ryan 0:00When you've got an investment property, it's really important to have a good team behind you. And one of the most important people in that team is going to be your rental manager. This is the person that's going to make sure your property gets rented deal with any issues that come up, make sure you get paid on time, all of that good stuff. But how do you go about choosing a good property manager? And how can you identify a good one from a bad one? So today, I have with me, Lauren Robinson from rental results.com.au, who's a rental manager herself been in the industry for nearly 20 years. And she's going to talk us through some questions you can ask, and things you can do to understand, okay, is this going to be a good property manager or not? So hey, Lauren, thanks for coming on today. Lauren 0:42Yeah, thank you, Ryan. Thanks for having me. Ryan 0:45No worries. So this is obviously a really important topic for people who have just purchased a property or maybe they've got a rental manager that they're not completely happy with. And they're thinking about shifting, how does one find a good rental manager? How can you look at the different websites and say, okay, who do I pick? How do I even know? Lauren 1:04I know. And that's that is a hard question. I think really, you know, often people ask their friends or their family, or maybe a sales agent they've dealt with, or often people will just choose the agent that they've bought through purely because they don't know where else to look. And I think it's really important to do your research online, have a look at how they're marketing properties, and also interview a couple of different agents. So I have got a list of questions that I'd suggest you ask a prospective property manager. Yeah, just to narrow that down. Ryan 1:34Before we jump into those questions, just so people can understand the difference between a good agent or a good rental manager and a poor rental manager? Do you want to tell us the story, again, that we did in a previous video about that property you got that was vacant for a number of weeks before the people shifted over to you? Yeah, so Lauren 1:53we, so there was a property in a complex that we actually managed quite a few in that building the property have been on the market for six weeks with no interest, no applications, we took that property off that agent. And within two days we'd been we were able to rent that property for $20, more awake. And the reason being is purely because of how we changed all the marketing. So we made sure it was marketed properly online, we have an online booking system. So tenants can book in times, you know, obviously, we're eager to make sure we got tenants in as quick as possible at a high rent. And obviously, quality tenants as well, not just anyone. So that's really important too. But understanding your market and knowing what price the property should be at is super important. So not all property managers are the same, which I think is a misconception out there, that's really important that you need to interview and make sure you you know who you're dealing with, Ryan 2:47well, that's having a property sit vacant for six weeks is so much money down the drain, it would just be painful to watch that. And obviously, as the investor, you're still liable for the mortgage and all the expenses associated with the property while that lie is vacant. So having a good rental manager can help you to rent your property quicker, it can help you to rent your property for more money, I just found it amazing that you took a property that was vacant for

https://www.youtube.com/watch?v=4N8YjMF0SB4 If you're looking to invest in property, you're going to likely need to get a mortgage. And if you're going to need to get a mortgage, you're going to need to present your finances to the bank in a way that they're happy to lend you money. And today, I have with me Michael Brown from mortgagebrokersydney.com.au. And he was telling me that he spends so much of his time coaching people and things that they need to do to get their finances in order so that they can get a loan, I thought that would be a great thing to talk about to help everyone out there who's looking at getting a mortgage. Contact Michael - https://mortgagebrokersydney.com.au 0:00 - Introduction1:07 - Have your documentation3:10 - Explanations for expenses4:53 - Regular savings pattern + frugal living7:19 - Reducing your debt + making debt repayments8:35 - Reducing credit card limit12:23 - Get a copy of your credit report15:45 - What point should you engage a mortgage broker19:15 - Benefits of using a mortgage broker Recommended Videos: Summary of Australian Lending Changes: 2021 Update Transcription Ryan 0:00If you're looking to invest in property, you're going to likely need to get a mortgage. And if you're going to need to get a mortgage, you're going to need to present your finances to the bank in a way that they're happy to lend you money. And today, I have with me Michael Brown from mortgage broker sydney.com.au. And he was telling me that he spends so much of his time coaching people and things that they need to do to get their finances in order so that they can get a loan, I thought that would be a great thing to talk about to help everyone out there who's looking at getting a mortgage. So hey, Michael, thanks for coming on today. You know, Ron, Michael 0:30good to be here. Ryan 0:32Okay, so let's just say someone's looking at investing in property, maybe they've got their deposit at the moment. Generally, I think most people would just be like, Okay, I'm just going to go to the bank and apply for a mortgage straight off the bat or speak to a mortgage broker. But there's a lot of things that they can do to help set them up for success before even getting to that point, or if they're in the process of saving their deposit isn't Michael 0:53that they absolutely is. And and, and that will just make it much, much easier. Firstly, for them, and then for the the broker and the bank to approve their loan. Ryan 1:06Okay, so what are some of these things that people need to be aware of or need to start doing before they apply for a loan? Michael 1:13Well, there's obviously some basics, you can have all of your documentation, you would be surprised how difficult it is for sometimes for me, literally just to get you to send me the information that I need. Now, I know that sounds like basic housekeeping, but your life is going to be easier if you've got some basic things ready. Ryan 1:33What documentation are we talking about here? Ah, I Michael 1:36think I'll go through a really brief list. But if nothing else, you could have your payslips ready. Sounds basic, but you'd be surprised how many people can't find them. If you're self employed, really big one have done your tax return, that lots and lots of people who are self employed a front front up with their their tax return from last year or two years ago. And, and sometimes that's enough, but at the moment, you'll find that, particularly after we've, so we've worked our way through the pandemic, self employed, people really need to have their June 2020 tax returns done. The banks are really big on having as much current information as they can. And for a self employed person, a June 19 tax return isn't gonna cut it. Ryan 2:25Yeah, especially with all the changes that have happened in 2020. With COVID. Like, just because you have this much in 2019, that does not have any correlation to what you may have earned in 2020. Michael 2:36That is absolutely the case. So that that there just a couple of simple the simple documentation, the rest of them in terms of documentary requirements, and things like knowing where you can get all of your statements, and making sure that you've got copies of, you know, contracts, the rental assessment for the place that you're going to buy all of those things. I know they they're basic, but they're all things that we need. But the things that you can really do is just make sure that you're you are actually you have everything in order things like your expenditure. Have you have you been? Do you have anything unusual? That's gone in the last three months? If you do at the moment, you're probably still going to have to have a basic explanation for it. So Ryan 3:23So how far did the banks go back when looking at your expenditure? Michael 3:28Th

https://www.youtube.com/watch?v=iNAG0fxF6Kk Matt Chamerlain was able to purchase his first property at the age of 24 while on a low income. In this episode we talk about early financial lessons he learned, how get got into property, the details of his investments and his plans for the future. This is an inspiring interview with an up and coming property investor and I'm grateful that he was able to share his story with us. 0:00 - Introduction0:40 - Matt's first financial lessons7:09 - What go Matt into property9:59 - How to invest on a low income17:13 - Avoiding bad debt19:00 - Why did you use a buyer's agent?24:38 - The experience using a buyer's agent27:57 - Matt's property details30:59 - How has owning the property been32:35 - What's Matt's long term goals38:35 - Last big takeaway Recommended Videos: Interview With Ben Everingham From Pumped On Property (Ep198) 2 Properties Before She Turned 30 - Interview With Lisa Tran Transcription Ryan 0:00Today, I'm really excited because I have a very inspiring investor on the channel. Today, I'm interviewing Matt Chamberlain, who was able to purchase his first property at the age of 24. All while doing it on a low income. I love these stories where we can talk through people's journey, how they got into property, how they're able to secure their property, and where they're looking to go in the future. So hey, Matt, thanks for coming on today. Matt 0:23no problems at all. Ryan? Glad to be here. Ryan 0:25Yeah. So you hit me up over email and said, I've been listening to you for years, you've used Ben and Simon as buyer's agents to help purchase your property. Do you want to chat? It took me way too long to get around to doing this. But I'm really excited to talk to you today about your journey. So do you want to take us back, I guess, to the beginning, where did interest in property or personal finance and things like that start for you, it was, Matt 0:49it was at a very young age, my, my mum probably was the best role model for this when I was maybe 567 years old. Back then we she opened a like a Super Saver account at the local bank with, you know, for my brother and I, and maybe not, you know, on day one, but over time, she really educated us on you know, the perks of that particular savings account, and what you have to do each week to achieve, you know, your high interest rates, and that kind of stuff, which, you know, as it happened, it was depositing a certain amount of money each and every month. So what she would do is, she would give my brother and I pocket money, she'd give us $10 each week, but what she would do is she'd hand it to us say it, you know, at the school gate, and then we'd all go down to the bank. And then we deposit it without deposit book straight to the bank teller, put it into our bank account. And, you know, we got the receipt back. And we could see over time, our all of our different lines on the on the checkbook, where, you know, our money was slowly increasing over time. And I guess that was probably the very first introduction for me with, you know, learning about money and how money works. But then, you know, fast forward five, five years or so when I got my first job when I was 13. Again, sorry, tax man, but I always got paid in cash back then. So the, the owner of that business would pay us in cash again, same thing, I think the best thing about, about having that experience when I was much younger is that I could see, you know, I guess cash, see notes and dollars and actually probably associated that mostly with walking straight to the bank, as opposed to walking into the canteen or something like that, Ryan 2:40you know, that was me when I was 13 or 14, I got a paper on. And so I would go around the streets blowing my whistle, people would come out and buy papers and tip you and that's kind of how I started. And yeah, same as you got paid in cash, looking back on it never even thought about tax or anything like that. But at that age, I think we'd be earning over the amount anyway to have to pay tax But Matt 3:02no, very true. Very true. So look at that was 13 was, you know, the first job and then that I slowly got pay rises in that and moved into to, I guess, well after school. So again, five years down the track 17 when I graduated, I'd been working part time for a fair while. And probably I think it might have been in year 12 I actually picked up a book called The barefoot investor. And that really taught me all about, I guess money management. So yes, I was putting all this money into a bank account, but I didn't really know why I was doing it, or what I was working towards. I just knew that I had, you know, a couple of $1,000 sitting in the bank. Ryan 3:42Yeah, so you have a good savings habit, but you had no purpose behind it or really goals or ambitions of what to do with that money. Matt 3:50Absolutely. And

https://www.youtube.com/watch?v=yD__-JjLsOI There's been a lot of changes this year when it comes to property finance in Australia. Lowering interest rates, government incentives, easing lending requirements have all played a role in easier access to money. In this episode we discuss with Michael Brown from MortgageBrokerSydney.com.au about what's been happening as well as some of the changes on the horizon. 0:00 - Introduction0:43 - The Tighter Lending Environment of The Last Few Years3:57 - Covid's impact on lending5:22 - Government making lending easier7:45 - Investors vs Home Owners9:35 - Things to do to get a loan more easily11:08 - Will lending get easier in 2021?13:05 - Discounts for low risk investors16:20 - Refinancing18:11 - Deposit requirements Transcription Ryan 0:00There's been a lot of changes this year. And in the last couple of years when it comes to housing finance and investment, property finance in Australia with everything that's happened with COVID-19, this year, lowering interest rates, government incentives, there's just a lot that's been going on. So today I've got with me, Michael Brown, who's a mortgage broker from mortgage brokers sydney.com.au. He's going to talk us through, you know, some of the changes that have been happening, and what the lending landscape looks like at the moment. So hey, Michael, thanks for coming on today. Michael 0:30Thank you very much, Ryan. Glad to be here. Ryan 0:32So obviously, it's been an absolutely crazy year. With everything that has happened. He really through I guess, you know, going back to I think last time I really did not date on this was when Apple was bringing in their changes. This was even prior to Royal Commission. What was it like kind of going through that period of time where lending was getting tighter and more restrictive? Michael 0:56Look, that was an incredibly frustrating time for any mortgage broker. And lending in general, particularly mortgage broking because we had our profession splashed all over the headlines, in a disproportionate manner, I would have said give to the banks, who, broadly were the real culprits, if I can put it that way at the time, and I found it very difficult. But as a general ism, everyone became so careful, and really, just just wouldn't do anything. It was such a cautious atmosphere to try and get anything done. And it was, it was very difficult. It's a bit easier now. But certainly, Ryan 1:41I kind of wanted to set up the contrast of what it's been like for the last couple of years to kind of what the landscapes like Now, obviously, COVID here, we had lock downs in Sydney, you know, around March or April, I can't even remember anymore. It's been that kind of year. But how have things changed now in the lending environment? Michael 1:59Is it easier to get lending at the moment. So if you if you walk through that period, very quickly, without trying to bore anybody, as the Royal Commission started to release findings, and you know, when people or institutions preemptively changed some rules, and then as they were advised of Royal Commission outcomes, they subsequently changed their rules, that produced a tightening of credit, which meant that it was more difficult to get money. And some of those rules you've seen, or you would have seen, sort of discussed with within the the media broadly around things like the level of investigation into people's living expenses, all the way down to what you had for lunch this week, which is a little bit excessive, but that's where we got to, and, and so at its worst, the the requirements for information were, you know, extensive, as much as information as you could possibly give, and even then more, I would have imagined, it'd be quite hard for investors to get bones around that time, just because of how tedious it would be to go through that process. Look, there were plenty of people who just gave up. And certainly, that period of time made it a little bit easier for me, because, you know, within the industry, at least we know how to sculpt an application, what exactly what information is required and what isn't. But it's still a long list and and very difficult. And the focus was absolutely, as you say, on owner occupied finance, not so much investors, they were trying to do anything to effectively, I suppose, make sure that their book was as safe as it possibly could be, and owner occupiers are always those. Ryan 3:54Yeah. And then with COVID, and then obviously, the government wanting to stimulate the economy, has that changed and become more relaxed now? Michael 4:02Well, COVID, obviously, brought another very brief tightening of rules as everybody's job became less and less secure. That that was, you know, that required that that did actually require, if you're going to do responsibly, some tightening around the information you would provide

https://www.youtube.com/watch?v=b3IomyO5Q3w Lisa Tran has been able to purchase 2 properties by the age of 30 and start her own successful business. 0:00 - Introduction1:00 - How did Lisa started in property?4:00 - First property details6:40 - Lisa's second property8:35 - Lisa's long term strategy14:57 - Using a buyer's agent18:00 - Lisa's next steps23:30 - Biggest takeaways Recommended Videos: Lisa's Video Transcription Ryan 0:00Today, I'm really excited because I'm interviewing a very inspirational woman who has been able to buy two properties before the age of 30 and start her own successful tutoring business as well. So today, I'm really excited to talk to Lisa Tran about just her property journey, how she got into property, some of the things that she's learned along the way. So hi, Lisa, thanks for coming on today. Lisa 0:24Hey, thanks for having me. I'm so excited. I've been watching you for so long. This is a little bit surreal. So Ryan 0:30yeah, it's also because you texted me or you commented on a YouTube thing saying I did a video and mentioned you. And I was just like, it came at just the right time, because I was like, Okay, I want to get back into talking to people who are out there just doing their thing, investing in property, creating the life that they want. And I was like, Oh, this person, I watched some of your videos. I'm like, Yeah, she she lines up, this is going to be great. So do you want to tell the people out there a bit about your property journey? Let's start, you know, way back at the beginning. When did you start becoming interesting? Interested in property? Lisa 1:06Yeah, sure. So I guess my journey is a little bit of a different one, because my interest in property came much later than when I actually purchased the first property, which seems a bit odd. Ryan 1:22So you purchase property before you actually interested in it. Lisa 1:27So when I was 23, my parents had been pretty interested in property themselves. I had a couple of properties themselves. And they're like, Lisa, you know, you got to get in on this. This is how you make money. It's not about the job. It's about, like, how much land do you have? So I was 23. I was studying pharmacy at the time, I was doing my internship. So it was a really busy year for me. So I had no interest in property whatsoever. But my mom was just like, you know, I'm gonna do all the research for you. I'm going to get out there and, you know, do the bidding for you. You just pay the mortgage. And I was like, oh, okay, sure. And I had no idea what I was committing myself to. Is this. Ryan 2:12Is this like, a parental obligation thing? Like you felt like, Oh, I have to do this because mom said it. Lisa 2:18I think sorry. But I guess like, I am also quite. I'm like the ideal child, I'd say I'm very like, yep, I'll just follow insert with what you want. As opposed to, like, verbally? Ryan 2:33Not me. I'm definitely not the ideal child. Lisa 2:36Yeah, definitely a parental pleaser, like, I just want to make my parents happy. Um, so yeah, I guess in that sense, I was actually really lucky and privileged to have parents who actually kind of knew what they were doing and got my foot in the door a lot sooner than I would have if I was to be interested in property, which only came down several years later. So yeah, I purchased that property when I was 23. Signing paying. I have saved my deposit. So I've been working, you know, from when I was 19, through 23, as a pharmacy assistant, so I had the money. It was just a matter of our parents. Ryan 3:18What were you saving for then if not a property? Lisa 3:21I don't know. I don't know. Actually, it was just that the money was accumulating there. Um, I wasn't the best saver either. But I used to wag a lot of uni in order to work. So I think that's sort of how it like, worked out quite well. Yeah, like I do 20 hours to 30 hours of work each week, as opposed to go into duty. So yeah, that's how I saved up that money. And, um, when I was 27, yes, everything's just churning along. I'm doing the mortgage repayments not really thinking about anything at all. Ryan 4:02So when you're 27, let's go back to 23. And that property, where abouts did you buy? Did you buy a unit house? Was there any strategy behind that property? Lisa 4:13Yeah, so I purchased a unit. And it was just like, the truly like one step down from where we lived in Melbourne. Right. I am in Melbourne. Yeah. Um, strategy wise, I started really, it wasn't strategy. And if my parents I don't think they necessarily think of it, like strategy for their own property investments, either. Like I think it was just like, find a property that's at a good price that we can afford. And let's just like, get our foot in the door. Ryan 4:46Like kind of by holder, it'll g

https://www.youtube.com/watch?v=91qi5Rcfrpk As a property investors you want to make sure you get the most rent possible so you can get the best return on investment possible. Today we talk about how to increase the rental return on your property. 0:00 - Introduction0:55 - Differentiate your property3:33 - Marketing your property better7:36 - Doubling rental income9:10 - Presenting your property well12:00 - Increasing rents over time Rental Results - https://rentalresults.com.au Rental Results YouTube Channel Transcription Ryan 0:00As a property investor, one of the things you want to be able to do is to get your property rented, but also to get that property rented for the best price possible so you can get the best return on investment possible. So today I have with me, Lauren Robinson from rental results.com.au. She's a rental manager. I've been in the industry for nearly 20 years now, and knows a lot about this stuff. And in today's episode, we're going to talk about how can we increase our rental return on our property and make sure that our properties always rented. So hey, Lauren, thanks for coming on today. Yeah, thanks Lauren 0:35for having me, Ryan. Ryan 0:36Yeah. So obviously, we want to make sure our property is rented and not vacant, because when it's vacant, we're not getting any rent rental income at all. But also, we want to maximize the rent that we can get on a property. So today, we wanted to share a few of those things. So what I guess how many of the biggest tips that you have for how to increase the rental return? Lauren 1:00Yes, I guess it really comes back to the type of property of God, but often we find, so things that are ways to differentiate your property would be say, for example, it's a two bedroom unit in a building with 50 other properties. So that's really hard to differentiate yours when they're all sort of very similar layouts, offering the same specs, and it might be a new bill. So what you can, what things that tenants would be prepared to pay more for is typically storage. So thinking about like the over the, over the bonnet of the car storage solutions, or yet or having like maybe a storage option on the balcony that's approved by the body corporate, so often units lack storage. Also, for houses, it's also understanding the type of tenant that that's that it's likely to appeal to, and then the things that they want. So typically, especially in Queensland, it's a conditioning tenants are prepared to pay more for things like dishwashers, fence yards. So we often get asked, Would attendant pay more for ceiling fans? So it really depends, but typically, if if a property was if there was a house, say a three bedroom house, and one had ceiling fans, and one didn't, attendant typically wouldn't pay more for that. But there would be a preference towards the one with the ceiling fans, whereas if it was air condition, they would possibly pay $10 a week or $15. A week more. Ryan 2:27Yeah, so there's some certain things that's like, Okay, this will help my property get rented more quickly. So if someone walks in a three bedroom house, in Brisbane, every bedroom has ceiling fans, they're like, okay, check, at least they've got ceiling fans, if you walk into a house, and it doesn't have ceiling fans. It's like, Oh, that's annoying. But look, I can do standing fans, and I can buy it for 20 bucks from Bunnings. And that will be okay. So it's not like a deal breaker. They're not like, Okay, I'm gonna pay more for ceiling fans. But obviously, air conditioning versus ceiling fans definitely, in summer in Queensland, is a very big difference in your living experience. So I can understand why people would be like, Okay, I'm gonna pay $10 more a week or $20 more a week, or whatever it is for air conditioning. So what I'm hearing from you is it really comes down to understanding your property, understanding what people in the market want, when it comes to that type of property, and basically trying to work out okay, what can I give them that they're willing to pay more for? Lauren 3:31Definitely. Another thing I've seen happen. And we've actually experienced that ourselves where we've had a property, an organist come to us with a property that set on the market for, say, six weeks with a different agent. We've gone through and we've changed the marketing. So we've done professional photography, we've added the 2d 3d floor plans, we've had a virtual tour added to that advertising, and we've set it at the top of those searches. And we've been able to achieve $20 more awake, just and rented it within two days, purely because of the change in marketing. Ryan 4:02Okay, so this is someone who is sat vacant for six weeks. Yes. being advertised online, obviously. Wow. And then you're able to get $20 mo

https://www.youtube.com/watch?v=5Tc8OZKmdd4 If you're looking at getting into the property market, the first thing you need to do is save your deposit. And if you're anything like me, you don't want that to take an extremely long period of time, you just want to get it done as quickly as possible, invest in property and move on towards your financial freedom journey. But is it possible to save a deposit in just one year? Book in a free property strategy session 0:00 - Introduction0:45 - The 6 steps to working out if it's possible1:16 - #1: Work Out How Much You Need To Save2:05 - #2: How Much Do You Need To Save Per Pay Cycle2:33 - #3: Is That Actually Possible?3:15 - #4: How Much Extra Do I Need To Make?4:05 - #5: What Else Do You Want To Do This Year?5:45 - #6: What's Your 10 Year Goal? Recommended Video: How Much Do You Need For a Property Deposit? Transcription If you're looking at getting into the property market, the first thing you need to do is save your deposit. And if you're anything like me, you don't want that to take an extremely long period of time, you just want to get it done as quickly as possible, invest in property and move on towards your financial freedom journey. But is it possible to save a deposit in just one year? That's what we're going to look at in today's episode. Hi, I'm Ryan from OnProperty, helping you on your journey to financial freedom. And I set the goal of saving a house deposit next year, but I don't even know if that's actually possible. And if you're in that same position where you want to save a house deposit, see how quickly you can do it, save it can be done in a year, then follow me as we work that out. And I show you how to do it yourself as well. So it's really quite simple to do you need to work out how much do I need to save, break it down into you pay cycle monthly, fortnightly weekly, how much I need to save every month or week, etc? Then ask yourself, Is that even possible? And if it is possible, great. If it's not? How much extra Do I need to make? And is that possible? And also at the end, ask yourself and assess the situation say Okay, what else do I want to do with myself next year? And does this align with what I want my year to look like? So let's go through that now starting with number one, which is work out how much you actually need to save. So I recently did a video with Simon Everingham exactly on this topic, which I will link up to down below. But the basics of it is you want to save around a 10 to 20% deposit for your property, as well as about 6% in closing costs. For me, I'm looking at a $450,000 property times by a 10% deposit, and 6%. So you hear 45 grand for a deposit as a 10%. And then around 26 or 27 grand in terms of the closing costs. So all up, you're looking at around $72,000 that would actually need to save. So you can see there, there's my pretty simple calculations. So let's round that up to 70 grand, that's how much I would need to save. Now we're to go ahead and take that $70,000 and then we divide it by our pay cycle. So for me, I kind of work on a monthly schedule. So okay, how much would I actually need to save every single month? Or if you work on a weekly schedule, you divide by 52? How much do I need to save per week super rough estimates because I don't have my calculator on me, but I need so grand six grand a month, around 13 $150 per week. So that's how you break it down super easy. Next question to ask is, can I actually do that? Is that actually possible for me? Well, for me right now, my business is paying my way. So it's paying for my life and everything. My business income is pretty passive in nature, but it's just paying for my life. It's not giving me an extra $70,000 per year after tax that I can use to save towards a deposit. So for me, is it possible? The answer is a big fat or big fat Helmer, and my current situation current income? Is this possible for me? Absolutely not. Maybe it was just a single guy living in my van, but I got a whole bunch of kids to take care of. So the answer for me, unfortunately, is no. So the next question is, okay, how much extra would I need to make to be able to save that. So for me, I've got to pay tax on top of my money. So probably around 30% tax, which means i'd need to save around what needs to earn an extra $100,000 to say that 70% deposit. So 100,000 minus 30%, or minus 30 grand equals 70,000. So I'd have to increase my income by 100 grand, which is effectively doubling my income is what I would need to do next year to save a deposit. On top of that, I still got about 10 to 14 grand of debt that I need to pay off. So I need to add another 20 grand for that. So increase my income by 120. k next year. Is that possible? Look, it potentially is okay. I could potentially increase my income that much if I was willing to

https://www.youtube.com/watch?v=0Ntr0rcFfHs One of the biggest fears people have when investing in property is whether or not their property will be rented or lie vacant. How do you make sure your property gets rented. Rental Results Rented Book 0:00 - Introduction1:26 - How to make sure a property is able to be rented before you buy it3:57 - Understanding the type of tenant6:09 - Marketing your property properly7:25 - Have you ever had an unrentable property?9:08 - How to rent your property faster10:53 - How long does it take to re-rent a property13:00 - Should you get a rental appraisal before renting a property? Vacancy Rate Checker Transcription Ryan 0:00One of the biggest fears people have when looking at investing in property is how do I know if my property is going to get rented? Or if you already own a property? How do I make sure that the property doesn't stay vacant? So today, I have with me, Lauren Robertson, who is a rental manager from rental results. And we're going to talk through this and she's going to give us some insight. So you can work out whether a property is likely to be rented or if you got a property, how to get it rented. So hey, Lauren, thanks for coming on today. Yeah, thanks, Lauren 0:30Ryan. Thanks for having me. Ryan 0:31No way. So do you want to just give us a quick rundown of I guess, who you are and what you guys do? And then we'll jump into you know, how we can assess this? Lauren 0:40Yeah. Great. So yeah, I own rental results. So we're a property management specialist company. We've been around now for over seven years, and we manage over 600 properties within the inner city suburb of Brisbane. So 15, Kay's from the CBD, also been doing property management for 18 years now. And we've won quite a few national awards. So yeah, it's a long time to be in property management. But love it still love the the industry. Ryan 1:07Yeah, so let's just say you've rented a lot of properties, you've seen a lot of properties in your time, you know a lot about this space, and what makes a property likely to get rented or what makes the property more likely to stay vacant? So let's start with the investors looking to purchase a property and then we'll go on to people who already own it. But let's say people are looking at a property. They're like, okay, I might want to invest in this property, but they hadn't they don't know about the market or the area, how do they know that property is likely to be able to be rented or not? Lauren 1:40Yes, I have also written a book on this, which is rented. And it's got a website rented.com. Today, you but basically, it comes back to understanding the market. So knowing what the vacancy rates in that particular area are understanding your property. So knowing the type of tenant that that property is likely to attract and whether there's a market for that. And then also making sure the property is priced right and presenting well. So there's a number of different factors. Ryan 2:10Yeah, so vacancy rates, that's quite easy to find sq m, have a tool that outline vacancy rates, and people go to onproperty. com. au forward slash vacancy, it'll redirect there, you can put in your suburb or postcode. It'll tell you what the vacancy rates are, what sort of vacancy rates? Will you assume a good versus bad? What should be avoided? Lauren 2:31Yes, I think something to bear in mind is vacancy rates, anything typically under 3% is good. So over 3% is deemed an oversupply in that market. Other things to consider is whether you're going to furnish the property or unfurnished so when you're furnishing it's, it's there's benefits, because obviously depreciation and there is definitely benefits around furnishing a property. But you do need to consider that only a smaller percentage of the market is looking for furnished as opposed to unfurnished. And also, it's it typically is only works in certain areas that you're going to have a high demand for furnished property. Those tenants tend to stay shorter term. So they tend to be a bit more transient than a tenant who's looking for a longer term, unfurnished property. Ryan 3:18So there's specific suburbs that furnish work and suburbs that don't like is it in a city that furnish works, because you've got, you know, people traveling for work and things like that? Whereas, you know, out of suburbs, not many people will want furnished? Is that exactly Lauren 3:33right. And also the current market with everything that's happened with COVID. So we don't have as many people coming to the city at the moment, we've also got less International, obviously, international troubles not happening. Yeah, so there are things to consider when you're furnishing and finishing, we've seen a lot of furnished properties lately come off the market, an

https://www.youtube.com/watch?v=VabfHO5_R0E You've achieved financial freedom so what now? How does that feel and what do with your time to ensure happiness, fulfillment and productivity? 0:00 - Introduction0:50 - My story2:45 - My motivation has plummeted5:00 - I've still got goals to achieve6:35 - No-one talks about "what next"8:00 - Transitioning from working hard to having balance13:00 - What motivates you?16:00 - How do I find balance? Recommended Videos: Can I Go From $100,000/year to $1 million/year? A Rant Financially Free at 32…Again Transcription: Ryan 0:00hey you're amazing people today i want to cover what i think is a really interesting topic is that i'm financially free so what now you've achieved financial freedom how does that feel and what do you do now what do you do with your time and with your life and how do you sort through all the emotions that come with that and that's something i'm wrestling with right now and while this is about i guess me and my journey achieving financial freedom and trying to work out what to do i think this will also apply to people who have not yet achieved financial freedom but who are looking at that life and saying okay how do i get more balance how do i find more purpose how do i know what to do long term what am i even passionate about so i think it'd be interesting topic to cover and i think hopefully you can get something out of it if not you can join me on my journey and it might be interesting at least so just to quickly cover my story and catch everyone up to speed if you aren't already i achieved what i call pseudo financial freedom at the age of 28 i had online businesses that were generating me enough income that i didn't need to work and for the next couple of years i basically didn't work i did a little bit here and there but i didn't need to work and i didn't i went through a whole myriad of emotions i found that when i achieve financial freedom which has been my life goal i thought it would make me happy and it didn't i went through what i call a great depression not an economic one but one within myself in my own life where i got really depressed being financially free and not knowing what to do went on a journey of self discovery over those two years which resulted in some really big highs and really low lows i managed to overcome an eating disorder that i'd had for about a decade as well as to overcome some depression in my life it's not something that's completely gone but it is so much better now than it was i also had some massive lows in my personal life end up going through a marriage separation and at the same time my business went through a downturn and i was no longer financially free so i achieved a 28 loss did it 30 the last two years i've been working to build that back up again i'm now nearly 32 now i am 30 2:33am i that old i didn't even know how old i am oh my god okay no i'm 32 yeah i'm about to turn 33 but for the last two years yeah i've been working to build that back up again and i now reached a point where again i've got that pseudo financial freedom so my business earns enough money to support my lifestyle where i don't feasibly need to work for at least the next couple of years and while i have plans to continue to work and to grow the business pay off all of my debt invest in property achieve that long term financial freedom i've also reached this point again again a second time where it's like okay i don't need to work what am i going to do and i thought that this time around it would be different because i've been through this before right i've had this freedom before and been through the depression and self discovery and this time building my business while i was in debt and in a worse financial situation than ever in my life i nearly went bankrupt i was way more in tune with myself and my life and what i enjoyed and what i wanted out of life and i was just so much happier in the process i wasn't trying to get financially free to be happy i was happy in the process and financial freedom was just going to be a result of my plan working out and me putting in the effort and that's exactly what happened and so i thought when i achieve this i will still be as motivated to just keep going because i enjoy my life i enjoy the work that i do that everything will be fine and what i've realized in the last couple of weeks since looking at my finances realizing okay i did it like i fucking did it and i'm back here again after realizing that my motivation to work hard writing articles i was previously getting up at 6am writing a couple of articles before 8am when i had to make lunch for the kids to go to school make coffee and then working again 9am through till you know 5pm or sometimes late in the night sometimes i shift my hours but dedicated to ge

https://www.youtube.com/watch?v=9xnCtizqiNg With everything that has been happening lately you would be normal to think the Australian property market is likely to go down as a result. But this new data about Mortgage Finance from the ABS suggests that property prices may actually go up, at least in the short term. 0:00 - Introduction1:10 - New mortgage growth may lead to property price increases2:57 - New mortgage growth explained3:57 - The correlation with price growth5:39 - Growth rate seems to affect property prices9:05 - Are we in a bubble?11:33 - This seems to be a good short term indicator, but not long term Recommended Resources MacroBusiness Article ABS Mortgage Data

https://www.youtube.com/watch?v=bx2YmRCwOug It's been a little while since I've recorded a video but I'm excited to announced that I'm financially free…again 0:00 - Intro1:09 - My first time experiencing financial freedom3:08 - Struggling after losing financial freedom5:30 - Sacrifices were required6:30 - I now consider myself financially free8:05 - What's next for me?12:15 - No one really believed in me14:50 - I'm proof that you can do it too Recommended Videos: 5 Stages of Financial Freedom Transcription it's been a little while since i've recorded a video but i am excited to announce that finally i am financially free again i'm 32 and i'm now financially free for the second time having lost my financial freedom and now regained it now i call this pseudo financial freedom because i have income through online businesses that occurs automatically and so i don't technically need to work but if i just leave it and don't work in a couple of years i won't be financially free anymore so it's not the long-term financial freedom that you get through things like investing in shares or investing in property where you're financially free for your entire life but it does open up a lot of choices and it is really exciting so in today's episode i want to share a bit about my journey a bit about how i got there and what i plan to do now that i'm financially free for the second time at the ripe old age of 32. so hey i'm ryan from on property helping you achieve financial freedom and this has been something that i have been working towards and working really hard for over the last couple of years if you've been following my journey for any period of time you'll know that at the age of 28 i achieved sudo financial freedom for the first time having online businesses that earned in the low six figures where i didn't need to work i would work a couple of hours a week i would record some interviews and kind of just work for fun and work to maintain things a little bit so i had about two years where i didn't need to work so from 28 to 30 i hardly worked at all and i went on a massive journey of exploration during that time at 28 having achieved financial freedom which had been my you know life's ambition and life's goal i got really depressed because i'm like oh financial freedom isn't the pot of gold at the end of the rainbow it doesn't make me magically happy in all areas of my life yes it takes away some level of stress but i need to find my happiness and so i went on a journey about 18 months or two years of actually finding out who am i what is it that makes me happy and what is it that i want to do with my life now i worked that out got to a place where i was happy no longer feeling depressed i'd suffered with depression throughout my life so really great mental position to be in but then at the age of 30 i went through a separation and i also went through a business downturn so remember i talked about how if i don't work for the next two years then i won't be financially free anymore well that's exactly what happened to me is that i at the time that i was going through this separation and i had increased my outgoing so increased all my expenses paying for two houses and things like that at the exact same time that happened my business went through a really big downturn and so i ended up in a whole bunch of debt and i didn't have the income to service that debt so that was two years ago put me in a position where i was you know struggling to get by and for the next year to 18 months i really struggled to get by and to pay my bills i picked up a part-time job in a cafe just to i guess keep things going and to be able to buy food for the week while i built my online business see i still had some passive income coming in and if i didn't have three kids if i didn't have debt and i didn't have many expenses in my life if i was just a single person living in my van i would have still been financially free at that point i still had probably you know thirty to forty thousand dollars in passive income coming in around that point that i didn't really need to work for and but i wasn't financially free because my expenses were higher than that and so i spent it's hard to remember the timeline off the top of my head but probably six to 12 months where i was really drowning to the point where i had expenses that were higher than my income so i was going backwards kind of robbing peter to paypal so to speak so using debt in order to pay my current debt repayments that i had so i'd cut my expenses to the bone and i was working on my online business now i knew that this wouldn't be long term because i knew what to do in my online business to build it up again and to build the income up again but i also knew that it takes time because the busin

https://www.youtube.com/watch?v=qBVNwxREUSA One of the hardest things as an investor is paying off debt and saving your deposit. When you don't already have those income generating assets it can be a really difficult process to do. But there are some tips that can help you along that journey. 0:00 - Introduction1:30 - Simon's Saving Story4:25 - #1: Get Realistic With Your Situation and Set Goals5:27 - #2: Pay Yourself First7:32 - #3: Reduce Expenses or Keep Them Low10:50 - #4: Make It a Habit13:33 - #5: Increase Your Income16:50 - #6: Delay Gratification17:47 - 2 Years Ago21:45 - #7: You Have To Sacrifice24:10 - It Gets Easier As Time Goes On Recommended Videos: Buying Our First Property: Our Current Plans The 15 Minute Budget Transcription: one of the hardest journeys as an investor is actually paying off your debt if you've acquired debt and then going ahead and saving your deposit when you don't already have those income generating assets it can be a really difficult process to do but there are some things that can help you along that journey some tips that both myself and simon have applied to really tackle this in our own lives and today we want to share those with you so hey simon thanks for coming on today no worries how you doing man yeah really good so in this we're gonna look at each of our situations so for simon he was able to purchase three properties in 18 months which is a huge achievement and he saved the deposits for his first two investment properties himself so really diligently saved over a number of years and for me i found myself in a situation where i went through a separation business went through a downturn i ended up in a whole bunch of debt like crippling levels of debt and i've been able to pay off tens of thousands of dollars worth of debt in the last couple of years and so i'll be sharing my examples on paying off debt and you know being in a really bad debt situation and simon will share his examples of not being in that bad situation but actually the next step which is saving the deposit and going ahead with that so simon do you want to start with your story when you decided to start saving your deposit and what steps you put into place in the beginning yeah so i really only started about three and a half years ago um actually earning enough of an income where i can really save a lot so i moved up to the sunshine coast from sydney at the beginning of 2017 and um that was the first time that i had had a full-time income prior to that i was at university or basically just around and surfing but just living up living the life to be honest and um i did always have really good saving and spending habits which was something that was incorporated from my parents from a super young age basically from the first job that i got they always encouraged me to save 10 to 20 cents out of every single dollar that i earned so that was something that i always did and for somebody that never earned a strong income but still wanted to travel and go out with friends and and have those choices i needed to when when i was only earning a little bit of income i still needed to make sure that i was saving a bit of money so i could enjoy my life so i already had those really good budgeting and savings habits but then when i came up here and i finally started to earn a good income i still maintain the same spending habits and saving habits that i had so even though my income had dramatically increased my expenses and my lifestyle stayed relatively similar which was one of the biggest things for me so creating that budget creating those saving and spending habits is super important um it's just not going to do it itself like it just really isn't like you need to sacrifice and you need to put these little things that stuck in place but it really enables you to get to where you want to be a lot faster and it's definitely allowed me to do that and you know even as my incomes consistently increase nowadays i like to buy myself a little toy here or there because my income kind of increased a fair bit like the other week i just bought myself a little moped scooter to cruise down to the beach with because my house is just around the corner from the beach i don't want to have to drive um and you know but that's completely fine but prior to that i was so regimented and so strict with my budget minimizing my expenses in my life you know never use after pay i would i don't have credit cards i would never finance a car loan and i would you know not enjoy all the luxuries of life to make sure that i can enjoy those luxuries in life for a much longer time than the average person yeah so what i'm going to do now there's so many good tips in there and little things that you do is that i'm going to break them down into the each of their components and then we'll riff off of those and talk about those so i think the first thing to start ou

both me and simon are on our ways to achieving financial freedom and we're going about it in very different ways to each other with me i'm focusing on online passive income growing my income streams through there getting what i call pseudo financial freedom first and simon is focusing on building up his property portfolio and he's working for someone else or working with his brother and part owner in the business over there so we thought we would share some of our best tips on how to become financially free and things that we've learned on our journey along the way so hey simon thanks for coming on and sharing today yeah yeah really excited about this one one of my favorite topics as we all know yeah both you and i have been very passionate about financial freedom i think your rich dad poor dad and those books really started it for me what about you what got you passionate about financial freedom over other investment goals the funny thing is it wasn't something that was really talked about in our family until sort of recent years so i never really knew what financial freedom was and every single person in my life was still working and nobody actually had any level of financial freedom that i was aware of um so it was only really when i started to kind of actually start taking action and start creating my plan where i realized oh financial freedom is something that we can all achieve yeah and so just so people know as we get into this each of our stories simon has purchased three investment properties in the last 18 months massive achievement congrats on that two of those being investment properties one being is own home so that's kind of his plan is i guess working in a job using that money to invest in properties and achieve financial freedom that way i've achieved what i call pseudo-financial freedom through my businesses so had businesses that kind of just worked for themselves and i didn't really have to work much i then ended up in a bunch of debt and wasn't financially free anymore and i'm pretty happy to say that i've worked myself out of that situation and i think if i stopped working today my businesses would again run themselves for multiple years and i wouldn't have to work so i'm not financially free yet but i've kind of built up that passive income stream online and then eventually i want to invest that into property as well so i've achieved it lost it and then kind of achieved it again and now i want that long term so we've both been on the journey we're not completely there yet but we've learnt a lot along the way and we want to share that and so do you want to go first simon with one of your tips for achieving financial freedom and moving towards that yeah definitely 1: Have a Clear Plan i think this is you know on both of our lists no doubt about it so maybe i can share my thoughts on um on this and then you can talk a little bit but it's having a plan and having a clear plan at that as well so that is the number one way to achieve financial freedom because the reality is there is so many different ways that we can do it you know you're going through the business avenue i'm going through the investing avenue there's so many different ways to achieve the same thing so rather than trying to pull lots of different pieces from all of these these different places um you know honing in on one and creating a plan with that one in order to to get to where it is that you want to be so for me it's kind of thinking all right well where do i want to be in the future or where am i going to be happy in the future and there are then reverse engineering and back from there so right now for me it's kind of replacing the average australian household income somewhere between 80 to 100 000 because that's going to give me options that's going to give me choices to do what i want when i want and all i need to do is reverse engineer that back utilizing my plan which is focusing on investing in properties paying off the debt from those properties and then living off the passive income for life but without a plan it's impossible to you know continue moving forward because you're gonna chip and change and you're gonna you know focus on all these different things and when i have strategy sessions with clients i i hear this all the time with people jumping from strategy to strategy plan to plan and you're just never going to get there with that you need to be super specific with your plan and you need to you know have an understand the big picture goal as the plan where you want to be then reverse engineer focus on each step at a time and just you know get the best possible results at each step yeah that was one of my tips as well is to have a plan and then work the plan and i think as you said it's really important set your goal up front for financial freedom i wa

https://www.youtube.com/watch?v=bjwGqXbHMBQ There are some steps I'm taking on my journey to grow my income and become a millionaire. Today I want to talk about a baby step I took recently on my journey towards $1 million per year. 0:00 - Introduction1:40 - Understanding a bit about my business4:15 - My baby step is: Paying people to write articles7:00 - Investing in assets that generate income8:40 - A big realization that the work I'm doing is only worth $45k/year10:50 - A shift in mindset13:55 - Do I even want to get there? Or do I want to focus on lifestyle? Recommended Videos: Exploring Financial Freedom (Financial Freedom Doesn't Make You Happy) Can I Go From $100,000/year to $1 million/year? A Rant My Financial Gameplan (2020) The Unsexy Side To Achieving Financial Freedom Transcription: hey all you amazing people i'm ryan and today's episode is going to be a personal chat about some steps that i'm taking on my journey to grow my income and become a millionaire basically which kind of sounds ridiculous to say but the other day i had the realization that i could go so far with my current mindset and earn a decent amount of money with my current mindset working by myself writing articles and doing stuff like that but i had this realization the other day that earning ridiculous money what feels like ridiculous to me we're talking a million dollars per year someone earns that someone does it so it must be possible so previously that was completely outside my realm of possibility didn't even think about it i wouldn't even imagine it wouldn't even dream a life like that because it just i don't know why but i just believe like that's that's not for you that's not possible that's not the life you're going to live and i was on the beach with my partner crystal and looking at these waterfront houses and thinking someone earns that money and i had this realization the only person stopping you from achieving that is yourself and your own belief systems so i did a full episode kind of working through that together together all by myself but on camera so you can follow on the journey i'll link up to that down below and today i want to share with you some steps that i'm actually taking towards that now this is a baby step i haven't taken huge massive steps or made massive investments or anything like that but this is what i think is kind of a monumental baby step along the way if that's even a thing so to understand you first need to understand a little bit about my business and i run an online content business so i write articles i make podcasts i do videos like this one but i have a bunch of different channels and websites so i got on property but then i got a bunch of others in other niches as well so i write the articles or make the videos and then over time they generate passive income so you write an article once it'll generate traffic to your website and advertising revenue you know perpetually for you know kind of three to five years sort of thing until it tends to taper off i've got some articles that are still going strong ten years later and doing well but you know a lot of them tend to last a couple years and then taper off so i was looking at my business and what i can achieve i've always done everything by myself write all the articles format editing making the videos all by myself and i was looking i guess at the three year time span which is how far i can look and i thought okay given the work that i'm doing if i keep doing this for the next three years if i get the results that i think i'm going to get probably looking at a pretty decent income you're talking mid six figures sort of range somewhere between you know 100 000 uh if things don't go well to 500 000 if things go exceptionally well and everything goes to plan which let's face it it never does but kind of in that sort of range which is amazing money don't get me wrong like that is incredible i'm incredibly humbled and grateful that i have the skills that i'm able to do that and the patience and the dedication to put in the work to make it happen because it it has been hard and you can see in some of my videos i'll link up to my game plan down below where i talk about how i basically worked an entire year full time for nothing in order to build up this business or my video on the unsexy side of financial freedom i'll link up to those down below you can see some of the tough times but i'm extremely grateful for that and that's great and there's nothing wrong with that i could very happily have a great life like that i'm also very happy in and of myself and that i don't need a million dollars in order to be happy i used to pursue financial freedom think he would make me happy i achieved pseudo financial freedoms for my business i wasn't happy i kind of

https://www.youtube.com/watch?v=jr1v5WgC77o If your goal is to be financially free, where your investments are completely paying for your life and you have choices to do what you want with your time then these stages are great signposts on your way to that goal. Understanding what stage you're in can help you stay motivated and help you to know exactly what to do to get to the next stage. 0:00 - Introduction1:35 - Stage 1: Survival3:47 - Stage 2: Progress6:41 - Stage 3: Debt Free8:57 - Stage 4: Growth13:11 - Stage 5: Freedom Recommended: How I Got Myself Into Debt How I'm Paying Off Debt Transcription: hey you incredible people today i want to talk about the five stages towards financial freedom so if your goal is like me to be financially free where your investments are completely paying for your life and you have choices to do whatever you want whether that be go to the beach every day or pursue a job that you absolutely love then there's actually stages to get there we don't just get there overnight and these five stages five stages of progress towards financial freedom i find it just really good benchmarks really good goal posts so we can look at it and we can say okay where am i at right now in this journey and what do i need to do to move towards the next stage something really interesting in my life is that a couple years ago i was what i called sudo financially free started business an online business that was generating me enough income that i didn't need to work and so i had a couple of years where i basically didn't work because my business was paying for my life but what i didn't realize at the time was i was actually only in stage three of the journey towards financial freedom i hadn't even moved to stage four or gotten to stage five yet whereas if i knew this if i knew what the stages were i could have realized instantly you're only in stage three ryan you've got to keep working or you've got to be smarter with your money to move to stage four to ultimately get to that long-term financial freedom so that's the journey that i'm on now i'm excited to share these stages with you and i hope that you go through this and look at okay where am i at stay motivated what do i need to do to get to the next stage so starting with stage one this is the worst stage to be in and that's the survival stage this is the stage where you're just struggling to get by you've got a lot of bad debt consumer debt so that might be credit cards or car loans or personal loans or student loans you're kind of buried in debt you're buried in the expenses of life chances are in survival stage your income is actually less than your expenses so you're getting to the end of each and every pay cycle and you don't have enough money to keep living this means you either just go without you know fasting can be healthy so maybe you do that but more likely you've got a credit card and you're using that to get by at the end of each pay cycle so you're in this really bad situation where you're not getting ahead you're quite far behind already in terms of net worth you've got more debt than you have assets and so it's just it's just difficult and to be honest this is the stage that i've been in for the last year last two years maybe so i was in stage three with my business doing well and just kind of getting by and then my business went through a downturn i went through a separation ah a lot of stuff happened and i moved back to stage one so while we would like to be constantly moving up towards financial freedom stuff happens in life right life isn't a straight line it's not perfect things go wrong and that's definitely what happened to me i didn't prepare i didn't do well enough and so i ended up back in stage one which is survival now i'm still in this stage no i'm not i'm in stage two a year ago i was in this stage and it was horrible i couldn't really pay my bills i was living week to week paycheck to paycheck so to speak and i was getting to the end of each pay cycle not really having enough to get by and i was robbing from peter to give to paul i was just in this bad kind of debt cycle and bad situation and so that's stage one and when you're in stage one it's time for some drastic change you gotta make some changes in your life in order to move into stage two stage two is where things start to click the rubber starts to hit the road and you start to actually build the skills that you're going to need in order to get you towards financial freedom technically it's still the stage that i'm in it's the stage i've been in probably for the last year and this is where you're actually making progress so stage two is progress where you're increasing your income you're decreasing your expenses s

https://www.youtube.com/watch?v=EDHgEPd2mE0 What does it take to be a millionaire or make $1 million per year? What do I need to change in order to get there? Today I had a mental breakthrough where I realised that I didn't actually believe being rich was possible for me. 0:00 - Introduction0:40 - What happened today2:55 - My incorrect beliefs about making $1 million4:09 - Hard work vs solving hard problems7:15 - I haven't even thought it was possible10:40 - Value vs effort14:35 - I need to start outsourcing17:55 - Time to step up as a human24:40 - It'll suck in the beginning trying to learn to hire people28:00 - Nothing has changed in my day to day, but my mindset has changed29:05 - $1 million won't make me happy31:38 - I'm not perfect Shark Tank How He Made His First $1 Million Recommended Videos: How I Got Myself Into Debt The Unsexy Side To Achieving Financial Freedom Transcription: what does it take to be a millionaire to make a million dollars per year and how do you get there what what do i need to change in order for me to get there and i wanted to sit down and record this quick video not really sure if i'm going to publish it or if it'd just be for me but i definitely have in my mind at the moment that i could make a decent income through my business you're talking low to mid six figures so like three to five hundred thousand dollar range i feel like within the next few years that is possible in my business with the strategy that i'm implementing and that is extremely good money don't get me wrong but i went out with my partner crystal today and we went for a walk along like the bay down here and we were just sitting on the beach getting some sun out the front of these houses and these houses are just absolutely amazing right on the bay right on the water just done up really well really beautiful it would just look like amazing places to live with such a beautiful view like who wouldn't want to have a coffee in the morning looking out at that and i just had this kind of moment sitting there where i was like how i think i i think i even said it to crystal i was like how does one earn enough money to even afford a house like this like these houses would be worth multiple millions of dollars three five million plus probably it's like how does someone earn enough money to afford a place like this it just kind of feels out of reach it just kind of seems like ridiculous money and then i just like even just saying that i had this realization that my own mindset i feel like that low to mid six figure is definitely achievable i've achieved low six figures in the hundred thousand dollar range multiple times in my life through being an employee and through running a business so i know that that's achievable and actually achieving that feels quite easy to me and i know that's kind of hard to say and hard to publish i don't want to gloat about that or anything like that because i know there's people out there who struggle to make money but for me creating a business that makes that level of income makes sense it's part of my skill set it's something that i can do there's obviously no guarantee that the business will succeed but it's like okay with with a fairly good confidence rating i could start a business that would achieve this within a certain period of time but it's interesting because like that's achievable for me and that seems easy but making a million dollars a year seems ridiculous like how was how would one even do that and i've got in my mind that in order to make a million dollars a year you have to have this completely unbalanced life so for me i am a cruisy person i like balance in my life i'm happy to work hard um but i don't like it consuming my life it's not the most important thing to me my kids spending time with them being around as a dad um being a good partner is probably the more important things to me than money though in saying that when i had no money it's like you've got to work and you've got to do it and so that took priority but i know in the past that when i've had enough money it's not my priority um but yeah i've just i've got this false assumption in my mind that in order to make good money and be a millionaire you have to work like crazy and i just don't think that's true like i'm just questioning my own false belief systems here that just because like is a lot of money doesn't mean that you have to work really hard you have to work smarter yeah but this comes back to the problems that you're working on and how difficult they are like i remember working in the cafe earning basically minimum wage and it was hard work like it wasn't hard but you know it was work and you were busy and you had to keep going you had to be on top of things like you it was non-stop most of the time you

a lot of investors especially newer investors want to purchase an investment property near where they live there's a lot of benefits to that but there's actually a lot of risks and negatives associated with that as well so if you're wondering should i buy a property near where i live or should i invest somewhere else today i want to give you some pros and some cons to help you think about it and make that decision for yourself hey i'm ryan from on property helping you on your journey to financial freedom and i remember growing up as a kid my parents wanted to invest in property and so they looked within the very suburb that we lived in so cronulla here in sydney beautiful beachside suburb they had purchased their own home in the area they were looking to buy an investment property and they ended up purchasing a unit in cronulla they owned it for a couple of years i think it was negatively geared ultimately they ended up selling the property at a loss unfortunately and didn't make any money off it now that's not to say that happens to everyone a lot of people invest near where they live and have great success but how do you know whether you should invest near your home or not what are the benefits of doing it what are the negatives of doing it and why do so many investors go to other suburbs or other cities or even interstate in order to build their investment portfolio so let's talk about that first let's talk about the pros which are probably a bit more obvious one of the benefits of investing near where you live is that you know the area and we will come back to touch on this in one of the negatives because you know the area and what it feels like you know where the good streets are you know where the housing commission is you know where the good cafes are and all that so you're familiar with the area chances are you like the area and you like living in it and other people do as well so there's a benefit there in that you know the suburb but one of the negatives which we'll come back to is just because you know the suburb from living there doesn't mean you know the data associated with that suburb and how it's going to perform in the future just because you want to live there doesn't mean that that suburb is going to grow in value into the future but you do know about it you can avoid some race because you know about the suburb itself other benefits of it that it's quite easy to inspect properties because they're very close to your home you don't have to go very far on a saturday or after work in order to inspect them and it's also possible for you to check in on your properties i think this is why a lot of people want to invest near their home so that they can check in on it actually the street that i'm in right now there there's a guy in this street who owns a house just you know one or two down there and he actually bought the house across the road so right across from me now so he he owns both and he's rented it out and he can see what's happening in that house now finally he's going to develop this property and so it's been rented out to a bunch of let's just say youthful boys and some questionable things go on at that house but he's just renting it out until he's going to knock it down and develop a i think jewel or triple occupancy home there so like a duplex and a granny flat there but yeah he owns in the street every single day he can see what's happening at that house that's an extreme example if you can check in on your property and so that might help you sleep better at night knowing that you can drive past it and see you know doesn't look in decent condition and maybe that would help you to avoid some of the issues like ben had if we talk about ben's property horror story which is absolutely hilarious i'll link it up down below and i'll put like a snippet in here so you can hear a little bit about his horror story three weeks ago i get a call off a mate who's living in sydney um and he's like turn on the local news and i'm like what local news i live in queensland man he's like i just turned on the central coast news and i just saw your property i think you could call your property you know the footage was from like a crew on the ground and a helicopter type thing just to set the scene for where where this is going um so i've called my property manager and she's like yeah i was gonna call ya um something's come up um effectively the saturday before i got the call um some police were called to the house because apparently there was two illegal tenants living there that had actually had a knife fight like this is how it started like i'm like where are we eliminated like this is a knife fight um so they've had a knife fight and they've busted up some windows and the neighbors have cal

https://www.youtube.com/watch?v=xBPNWQEkU24 In this property market update for August 2020 we'll be having a look at some of the data behind Australia's housing market and try to learn from it so we can invest more successfully. CoreLogic August 2020 Update Video Nugget News August 2020 Video 0:00 - Introduction1:15 - Australian market is in a decline2:05 - Capital city growth/decline figures4:21 - Rolling quarterly change4:59 - National home value index5:42 - Cash rates at all time low6:26 - New listings are rising8:05 - Percent change in dwelling values since COVID Peak9:33 - The fiscal cliff looming in October10:44 - Martin North's example predictions Recommended Videos: Brisbane Property Market Update August 2020 Transcription: hey i'm ryan from on property and welcome to my australian property market update for august of 2020. what i like to do in these episodes is to talk through where the market is at how is it performing at the moment has it gone up has it gone down what are the trends that we're seeing and what may happen in the future now i don't have a crystal ball i don't know what's going to happen no one out there really does but i think it's important for us to look at the data so that we can assess okay what do we want to do how do we want to invest at this point in time whether you're looking to take advantage of current market conditions and buy in a weaker market where there's less buyers to compete with maybe that's you still important to understand the data or if you're someone who's like okay with everything that's happening i actually want to wait this out until things start to improve it's important to look at the data as well so we're going to be learning this together talking through this together and i hope that you find this useful we're mainly going to be looking at corelogic's market update video and i'll link up to that in the description down below if you want to go through it yourself as i've got more data in there that we won't necessarily cover in this video they're great videos i watch them every single month and love them so looking at the australian property market as a whole for the month of june we are now in our third consecutive month of decline so june well july sorry declined 0.6 which was slightly less than june which declined 0.7 percent but yeah we're definitely in a declining market at this point in time and when i look at the data i find it hard to imagine that the market's going to grow in the near future so it looks like we might be in the beginning of an entrenched decline unless things start to turn around really quickly now obviously they could turn around things could change but i'm looking at it now and i'm kind of thinking okay we need to prepare for you know potentially a declining market or a stable market in the near future with everything that's happening globally if we jump ahead and we look at the month-on-month change in dwelling values for the major capital cities as well as the regional areas we can see that almost all the capital cities have seen some decline sydney and melbourne have had the biggest decline so melbourne's down 1.2 percent which is quite significant really sydney's down 0.9 if this trend continues like this level of declines if you play that out over a 12-month period you start to see significant declines of somewhere between you know 5 10 15 sort of range in those primary capital cities brisbane's down less 0.4 percent and if you've watched any of my previous videos you know that brisbane didn't have the big run-up that sydney and melbourne had it's cheaper to buy now than it was i think 11 years ago or even longer when you count inflation and so yeah brisbane saw some decline but not as much perth declined 0.6 which is really interesting because it's already had such a big decline it kind of looked like before covert that it was reaching the bottom of its i guess trough the bottom of its decline and that it may start to rise or at least stabilize but that's now down 0.6 percent so you know this is obviously affecting every capital city hobart's down 0.2 percent darwin down 0.3 percent adelaide is actually up 0.1 percent and canberra's up 0.6 percent holding steady there so you can see here really quickly that you've got lots of different markets in australia that are being affected at different rates sydney and melbourne had much bigger growth they had growth up until 2017 then they went through a period of decline 2017 to 2019 and then at the end of 2019 both of those markets saw some rapid growth so sydney melbourne had some you know really good run-ups in 2017 and again in 2019 so i would kind of speculate that they would have further to fall than somewhere like brisbane or perth which brisbane's been pretty steady perth&#0

https://www.youtube.com/watch?v=MEpWVf4jPQE A lot has been happening in the Australian property market in the last few months. Today we wanted to speak specifically about the Brisbane market, where is it at, what's the good suburbs and are there any good investments in that area? Book a Free Property Strategy Session 0:00 - Introduction0:32 - Quick catch up1:03 - Ben's recent Brisbane analysis2:15 - Comparing the suburbs and finding the winners and losers5:37 - The differences between the different areas of Brisbane7:45 - North Brisbane vs South Brisbane9:13 - Good suburbs vs bad suburbs12:04 - Where is Brisbane at during its cycle?15:37 - Covid infrastructure bailout program16:25 - The Mid-Cycle slowdown18:07 - Getting good long term stability Recommended Videos: What Is The Mid Cycle Slow Down And How Might It Affect Property Prices? Transcription: a lot's been happening in the australian property market in the last few months obviously with the pandemic that's gone down and everything like that today i wanted to speak with ben everingham buyer's agent from pumped on property specifically about the brisbane market which is the market that him and his team specialize in they've just done a whole bunch of suburb research in that area so i thought i'll get on the line with ben we'll talk about brisbane where it's at what's sort of happening and give you guys an update so hey ben thanks for coming on today hey bro good to see you good to see you again too it's been a while definitely man it's exciting to catch up again yeah and so i love that you're in your new office i'm also in my new office which is my van which i've been loving i'm actually parked on the beach i can see the water from here but no one can see it in the video but just know that i got amazing views right now that didn't cost me heat i'm loving it man i feel the same way like this you did cost me a bit this is like a green velvet lens that i've always wanted with like a timber wall behind me but um i'm feeling fresh and loving it as well yeah and so okay so recently you guys did a massive suburb analysis of all of brisbane do you want to first talk through okay why did you do that give us like some touch points on what are some of the things that you looked at for the suburbs and like what are some of the insights that came out of that yes so i think it's important as an investor myself to constantly review the bigger picture as well as the the micro picture um so we know that based on the long term growth of brisbane being 9.7 a year according to core logic for the last 50 years that it is a long term winner we know that a lot of people moving up here at the moment and will be after the virus is over as well and so i just wanted to wrap my head around it which i do about once every year to two years and i look at you know brisbane isn't one market like there's some suburbs in brisbane that you can buy for 200k there's some suburbs in brisbane that you can buy for 2 million bucks and so you can easily get caught in that sydney melbourne brisbane trap which is it's one area but in reality there's east brisbane central brisbane south brisbane north brisbane and west brisbane and all of them have completely different stuff going on as you know yeah and so i know like previously you've kind of focused on like central brisbane north brisbane um but this time around you kind of looked at more suburbs what did you think about the suburbs as you started to look at them yeah so for me personally at this stage i've sort of not been looking too heavily into west brisbane just because there's just so much land out there at the moment that could be developed over time so from this perspective we looked at north we looked at central and east brisbane and we looked at south and southeast brisbane and the way that we do that as a business to get our heads around it is through what we call a suburb profile so we looked at things like vacancy rates how much house prices have moved in the last 10 years three years 12 months what people are paying for places what they're renting for what the average incomes look like what the average demographics look like the ages the school districts the transport the train stations the shopping centers and you know through this like 40 or 50 things that we look at for each suburb we also have indicators or key points that become either a yes for that indicator or a no and so from looking at like 100 odd suburbs we were able to immediately strike out about 60 of them and then from that going into further detail able to strike out a huge amount more so yeah i i love with suburb research it can be super overwhelming for a lot of people in order to do it because you don't know what the data means but i've always seen that when you have a template that you go through and as

https://www.youtube.com/watch?v=XQzuq5QcYTw Sometimes the best way to move forward towards your property investment goals is to just simply take the next step. Advanced Suburb Research Course Transcription: there's that saying that we've all heard the journey of a thousand miles begins with a single step and when it comes to property sometimes we make it harder than it needs to be we try and understand everything there is to understand about property we're researching the market we want to know is sydney going to go up or down this month if it's gone down 0.8 we're freaking out even though we haven't saved our deposit yet you know or we only own one property and we're nowhere near financial freedom yet but sometimes we need to get back to that simple act of just taking a step and today today i want to ask you what is your next step on your property investment journey because if you just take that next step and then trust yourself that once you take that step you can ask future self can ask what's my next step from here and sometimes just one's foot in front of the other one step after another leads you towards investing in property leads you towards financial freedom faster than trying to do everything all at once so really quick video today to just ask you okay what is your next step investing in property if you're in debt and you need to pay off that debt your next step might be learning how to budget making more money paying off that debt your next step might be saving your deposit if you got your deposit ready to go your next step might be okay i need to understand market cycles and what market to pick if you've picked your market let's say you're like ben and you've picked brisbane as your market or let's say you picked perth or you picked sydney or melbourne or hobart whichever market you've picked now you might be saying okay which region of this market do i want to invest in that might be your next step or which suburb do i want to invest in for a lot of people you're ready to go you think you've got a market but you don't know what suburb to invest in so that's going to be your next step well you need to learn about suburb research and start actively researching those markets it's actually as easy as sitting down looking at the data for the suburbs and just like next step collect the data for the suburbs and as you collect it you start to see differences i've done a whole video course on how to do suburb research so if you go to on property.com.eu4 slash suburb you can learn more about that over there but even just collecting the data on suburbs you don't need to understand okay which is going to be the best hotspot you just need to go in and look at the vacancy rates of every single suburb in that region that you're looking at compare the dsr scores compare the incomes for that area compare the sales prices and the growth over the last 12 months three years five years 10 years start collecting that data and as you collect it things start to pop out at you so often you know we get so overwhelmed it's like okay we need to do absolutely everything sometimes it's so much better to just break it down into our next step and to say okay what is my next step what's the next thing that i need to do and to do that and to do it really well and to learn that to the best of our ability so i want to ask you today what's your next step towards your property investment journey where are you at right now and what's your next step go and do that next step and trust that when you've done it you know you'll be there in the future you'll still be you but it'll be future you having done that step you can then assess okay what's my next step now and then future you will take that next step and then future future you can say okay what's my next step now and eventually you'll find yourself with a growing property portfolio and ideally financial freedom or whatever it is that you're striving for so think about each time what is my next step how can i do that to the best of my ability and you'll move forward faster than you realized i encourage you to go out there discover your next step and until next time stay positive

https://www.youtube.com/watch?v=_1t6KrrDBQI If recent times have shown us anything it's that troubled times can hit and we need to know how to successfully invest during these times. Today I read through the property investment rules to keep in mind in troubled times. Book a Free Property Strategy Session Advanced Suburb Research Course Property Update Article: https://propertyupdate.com.au/property-investment-rules-to-keep-in-mind-in-troubled-times/ 0:00 - Introduction1:00 - Troubled times show who the real great property investors are2:50 - #1 Become financially fluent4:00 - #2 Adopt a proven investment strategy6:44 - #3 Not every property is investment grade8:30 - #4 Don't believe the hype11:15 - #5 Location does the heavy lifting12:30 - #6 Demographics drive markets12:57 - #7 Real estate investing is a game of finance14:21 - #8 The economy and our property markets move in cycles15:33 - #9 Follow my 6 Stranded Strategic Approach17:40 - #10 Don't focus on bargains18:14 - #11 Allow for an X factor18:49 - What did we learn from this20:08 - What I would add to this list Recommended Videos: 15 Habits Self Made Millionaires Have 2 Properties to Financial Freedom The $1,000 Project Book Review (By Canna Campbell) Transcription: Ryan 0:00In recent times have shown us anything, it's that troubled times can hit. And we need to know how to invest during those troubled times. So today, I'm going to read through an article from Michael yard news website, property update.com.au. On the property investment rules to keep in mind in troubled times, we're going to go through this article talk about some of the things that they say, I'll comment on it, we'll discuss it together. And we'll try and learn together, I did a previous one of these, talking about the 15 habits of self made millionaires. I really enjoyed it. I learned a lot from it. And I know a bunch of you did, as well. So let's go through this. Let's learn together. And let's work out okay, what are these property investment rules to keep in mind during the troubled times, okay, so they start by saying that everyone seems like an investment genius, when the property markets are booming. But when times gets tough, it's important to really know what you're doing. I saw an example, I heard an example of this, I think it's in the book, great by choice by Jim Collins. It is in the book, it's one of my favorite books of all time. And he talks about this idea of companies that succeeding in troubled times. And he uses this metaphor of if you have just a regular person going for a hike versus someone who is a world class hiker, adventurer, mountain climber survivalist on the same hike. But let's say that it's an extremely pleasant, sunny day, no issues anything like that, would you notice the difference between the two, you might notice a bit of a difference between the gear or the way they hold themselves when they walk or their fitness level. But really, they're both going to look like great hikers. But when the storm hits, and when you're in that emergency life or death situation, that's when the skills of the advanced mountaineer adventurer are going to come into play and the everyday person, we're probably going to die in that situation. But that's where it will come out. So when you got the market that's booming, you know, everyone looks like a successful investor. I just bought three properties in Sydney in 2012, let's say as an example. And you know, in 2017, you're looking like a genius. But let's say you bought those same properties in 2017, in Sydney, and the market went down for the next 18 months, you know, you're not looking. So genius. Obviously, with everything that's happened in the market due to COVID-19. Things have, you know, really kind of looking at troubled times for a lot of Australians. So saying here, I've learned not to change my strategy, every time the economy or our property markets get challenged, I invest for the long term and don't get thrown off by the good or bad phases. So let's go through some of these rules. Number one, become financially fluent. The secret to financial freedom is to spend less than you earn, save the balance, then invest widely, then wisely invest your savings in growth assets. Get mentors become financially for fluent. This is I think this is really important. And something that's not talked about enough. It's definitely something that I learned from Robert Kiyosaki his books, which is there's a lot of language around finances. And there's a lot of conceptual understandings around finances. Getting good at managing finances, getting good at investing is a skill. And it's one that we don't learn in school, it's one that we don't learn on our career path. It's one that you have to learn yourself. And by educating

https://www.youtube.com/watch?v=eUFMxCxMV4k In my previous episode I talked about how to stop rushing to be financially free but to make the life we want now. But how do we start to work out what is actually going to give you a happier and more fulfilled life. 0:00 - Introduction2:45 - Ask yourself this question6:30 - What is my answer to this question? Recommended Videos: Don't Rush Financial Freedom - Do This Instead Transcription: Ryan 0:00In my previous episode, I talked about how we need to stop rushing to be financially free house, often we see financial freedom as a pot of gold at the end of the rainbow that is going to deliver us happiness. And yes, it gives you choices. And it gives you time to pursue the things that will make you happy, financial freedom is great. But we can actually pursue our happiness and pursue a more satisfied and more fulfilled life, with or without financial freedom. And so in today's episode, I wanted to actually get yourself asking a question to find out, okay, what is actually going to make me happier, because so often when we're in the thick of it, when we're struggling to pay our bills, where we've got mortgages or rent, to pay mouths to feed, all of that good stuff that goes into making life awesome. But when we're in the thick of it, doing the day to day grind of our job, and the stress and everything that comes with that, it can be really hard to actually get out of our own heads and get out of our own lives and think what actually would make me happy, because to be honest, I kind of just worked for financial freedom up until I was 28. And I got my pseudo financial freedom. I didn't actually think, Okay, what do I want to do with my life? What do I want to do when I'm financially free? What will make me happy? I was just like, financial freedom is my goal. I need to strive to that. And I think even if I tried to stop and think, Okay, what will I want to do? I didn't really know. And so often, the things that come up are those big things, those, okay, you're going to live this travel lifestyle, you're going to live in a mansion, you're going to drive this really expensive car, all of that sort of stuff. But I think for most of us, if we really stop and think about it, we know that that stuff's not going to make us happy. We know that that's not going to make us fulfilled in life. Yet, it would be nice to have both do we need it in order to live a happy and fulfilled life? No, most of us don't. And for me, the idea of having a mansion just means more cleaning, or just means I need to hire a cleaner to keep it clean. And just the big space, it would be cold. And you know, I'd be so far from my children, I feel like we would interact less. So it's not something that I would like. So today, I feel like the answer to our question of Okay, what's going to make us happy? We're not trying to find the answer to that. We're trying to find better questions that are going to lead us to a better understanding of ourselves. So today, I have a question for you, as I sit outside here in the sun and drink my coffee, I apologize for the outside noise for the sound of the cars bouncing off the wall here for trains as they go past if and when they will. But it was just too nice to not film this morning. And so the question is this, if you were financially free, and didn't have to work, so let's just pretend you're financially free through properties, let's say you've done the to property to financial freedom strategy, I will probably have done five properties with five granny flats, or maybe you don't through shares, he comes a train right now. However, it is that you did it, you're financially free, you don't need to worry about money, you don't need to work, but you want to work because you know, you're still young, you still want to actually do good, you want to be challenged, you want to do that sort of thing. If your financial frame didn't have to work, what would be your ideal job to pursue? And in this question, what would be your ideal job to pursue, we're going to assume that you either magically have the training like matrix style, where Neo just imparts it into his mind, and he knows it straightaway. So we can either do that in this imaginary task. Or you can actually take the time to go and do the training. Because remember, you're financially free, you don't have to worry about money. So if you're spending the next 10 years at university to become a doctor, you're going to med school, you're financially free now to worry about money. It's okay, you can do that because you want to pursue it. So I find this question really interesting. And it came up because my partner unfortunately was made redundant in her role when COVID here, she was one of the first people to go, she worked for a rent

https://www.youtube.com/watch?v=UPZLbtOGPHU A lot has been happening in the Australian Property Market lately and today I wanted to share information from the Property Update article from 27th July 2020. Property Update Article: https://propertyupdate.com.au/australian-property-market/ 0:00 - Introduction0:40 - Changes in Australian Property Prices3:10 - Early market indicators5:05 - New properties for sale and rent5:40 - Rental markets6:25 - Finance activity6:42 - What's happening to property prices9:52 - New property listings and sales11:42 - Vendor discounts and time on market14:25 - Auction clearance rates15:50 - Changes in rents Transcription: Ryan 0:00a lot has been happening in australia and the australian property market since i last recorded an update and i was reading through property updates article on the australian property market update and i thought that this was so interesting that i wanted to go through it with you guys and to share it as well so we can get a better understanding of where the markets at and they also talk about some of the leading indicators and where the market may go so they're saying there's lots of property news and data over the last week obviously we've got that second wave of COVID-19 coming through particularly in victoria will that happen in the other states we're not sure we're going to you know see if that happens but basically if we look at the australian price heatmap here we can say that this week basically the major capital cities everything is down or steady so sydney and melbourne both down a bit brisbane and adelaide held steady perth is down as well month today everything is down or steady within the adelaide being at 0% but sydney and melbourne down 0.7 0.9% brisbane is down less 0.2% perth down 0.6% which i'm finding interesting because perth seemed before COVID to kind of hit the bottom of the market and looked like it was due for a rise but perth obviously continuing to decline if we look since the COVID lockdown so when was that that was march sometime or early april i can't quite remember now seems like a lifetime ago sydney is down 1.4% melbourne is down 3.3% brisbane has held steady adelaide is actually up and perth down 1.8% and then we've got since the melbourne lockdown which is a lot more recently everything's down or steady so where are things at since 2017 maximum so sydney and melbourne peaked in 2017 and then went through 18 months of decline and then went back up in late 2019 so if you bought at the top of 2017 where would you be at sydney and melbourne you'd be down around you know three to 4% sort of range gold coast of brisbane gold coast and adelaide you'd be up but only by a little bit 1.3% 2.4% and then perth you will actually be down 13% since that 2017 so that's actually crazy if you look at the last 12 months you can see how gangbusters sydney and melbourne have gone with 12.4% growth in sydney 9.1% growth in melbourne and solid growth in brisbane gold coast at 4.5% adelaide at 2.3% and perth is down minus 2.6% so yeah i find like this data is really interesting the saying like residential prices are mostly softening since the pandemic sorry about the aeroplane overhead if you can hear that at the moment i'm just parked out on the beach in the van loving working just on the road at the moment but this is what i found interesting as well is early market indicators so this is a number of indicators that could actually give us a clue to what's ahead so obviously we just looked at okay what's happened in the past and that's interesting to look at but what we all want to know is what's coming in the future and it's always you know really hard to predict but there's some leading indicators that can help us to understand what may happen and to give us some clarity on that so they're saying buyer activity edge higher last week as shown by realestate.com they use weekly demand report report for sale search volumes increased 0.1% last week and now minus 2.3% below their recent record high so when was that back in you know late june or maybe it was early july we had record highs in the search volume for properties obviously more searches means more people looking to buy properties for sale so largest increases were in queensland and interestingly the northern territory while the biggest falls were in victoria south australia western australia and tasmania i do worry about hobart hobart had has had such an amazing run for so long i keep looking at it and thinking how long can this actually continue hobart how long can you keep going the dip in western australia you may reflect the fact that demand for new houses appears to be booming since the announcement of the home builder or but that's not captured in this search data the new houses isn't so that's interesting the largest year on year increases for sale search volume ha

https://www.youtube.com/watch?v=fVtaHaOE6B0 Maybe you hate your job and you don't like getting up in the morning and you feel like you're in a rush to be financially free. I understand what that's like, but in this video I want to talk about how to get the life you want without financial freedom (but still get financial freedom anyway). 0:00 - Introduction1:40 - Financial freedom as an insurance policy3:05 - My story of financial freedom and a job I hated6:14 - What financial freedom gives you6:45 - Being in a rush to be financially free leads you to making dumb decisions9:10 - Shift your focus inwards to pursue the life you want12:39 - Start with 1% improvements15:03 - Visionary task #1 - If life was reset18:08 - Visionary task #2 - If I was financial free20:22 - Take your time and do it properly22:38 - Make your life amazing24:20 - It's a journey Recommended Videos: How To Make Property Investing an Achievable Goal Income School YouTube Channel Niche Site Project YouTube Channel Transcription: Ryan 0:00maybe you hate your boss maybe you hate your job and you just don't like getting up in the morning and having to go and work at something all day that you're just not passionate about maybe you want to move locations or live in a van or just do what you love and live a life with purpose and you want financial freedom in order to do that i understand where you're at i've been there in the past i know what it's like to have a job where you wake up in the morning and you don't want to go to work you just dread it but you do it anyway because you have to and you're just looking for a ticket out and you're in that rush to achieve financial freedom because that is your ticket out that is your ticket to happiness and ticket to the life that you want in this video i'm going to be a bit counterintuitive and actually encourage you to stop rushing towards financial freedom because there's risk associated with that you're less likely to get the life that you want in the timeframe that you want and to actually show you that there's a better way to do this and to start to expand your mind to the different options that are out there so i'm really excited to share this one with you because i think being in a rush to be financially free is actually setting so many people back on their journey and i want you i want you to have that good life i want you to have a life where you are passionate to wake up in the morning that every day is a good day sure you're gonna have your ups and downs but you're loving the work that you're doing you're loving where you're living you're passionate about your work you got great relationships in your life you got cool experiences that you're having i want you to have that life of financial freedom isn't the only ticket to that life and i want to talk about the idea that financial freedom is a goal that i think is worthy to strive towards i'm definitely striving towards it but rather than seeing financial freedom as a ticket to happiness rather than seeing it as your escape out of the life that you hate when you're living a life that you absolutely love financial freedom just becomes an insurance policy it becomes a backup plan it's there for you if things go bad in life and it allows you to continue doing what you want to do even when things don't go well so it's like you could be living the life that you love getting paid to do that but let's say we have you know another situation where we go into a recession and you lose your job or something like that if you have financial freedom you can continue to do work that you love and not have to worry about money you can can you continue to live where you love to live and not have to worry about money but you don't need that financial freedom until that bad situation comes up you don't need that financial freedom to live the life you love you're already living it it's just there as an insurance policy and allows you to live it no matter what happens so that's what i want to talk about today that's what i want to ramble about and open your mind towards and get you thinking about today so i'm really excited to share this with you hi i'm ryan from onproperty helping you on your journey to financial freedom and i used to think financial freedom was my ticket i remember being a pharmaceutical rep it was a good job i had good colleagues i had good customers but it wasn't a job that i was passionate about sales is not necessarily my forte and you know it would make me a bit anxious and i just didn't love getting up and going to work from 8am to 6pm every single day when i wanted to be doing things that were more creative i want to be doing stuff like this where i get to actually create cool content that helps people i wanted to be doing that but there w

https://www.youtube.com/watch?v=UM_n1rdQJV4 Sometimes property investing can feel like an unachievable target and you have no idea what you're doing. Today I want to talk about how to make property investing an achievable goal and how we can make consistent steps towards our goals of investing in property and towards financial freedom. Free Property Strategy Session Advanced Suburb Research 0:00 - Introduction1:05 - How to make property investing achievable3:05 - Bite sized pieces of property4:44 - The skills you need to acquire13:04 - Focus on what's next for you16:32 - When you're in a rush you can make big mistakes20:08 - Invest into learning21:24 - Free property strategy session Recommended Videos: Stop Being in a Rush To Be Financially Free The 15 Minute Budget The $1,000 Project Book Review (By Canna Campbell) Canna Cambell Podcast Episode Ben's Video on Suburb Research Debt Cycles by Ray Dalio Transcription: Ryan 0:00sometimes property investing can feel like a completely unachievable target it's so far in the future it's so hard to save a deposit you don't know what strategy to use or really when to start with property you have no idea what you're doing and it can get overwhelming so in today's episode i want to talk about how to make property investing an achievable goal and how we can break that down into bite sized pieces focus on that and make consistent and dedicated steps that move us towards our goals of investing in property and ultimately towards our goal of financial freedom or whatever your financial goals may be anyway hi i'm ryan from onproperty helping you on your journey to financial freedom and you may notice that i have the beautiful ocean in the background i've got the van working at the moment so i now have a mobile office which is really cool and i can work from anywhere so coming at you today from the beach side really excited to do that so let's talk about how to make this achievable and this can be applied to property it can be applied to shares it can actually be applied to really any sort of task or anything big that you want to achieve in your life and this idea while i've been applying it in multiple areas of my life i kind of got this idea sparked by a recent podcast i listened to from kenny campbell from sugar mama talking about how she created the $1,000 project which i've done a book review on so i'll link up to that down below as well as i'll link up to this podcast episode i'm talking about but she was talking about how she was in a stage in her life where she just been through marriage breakdown she was in a bad financial situation in quite a lot of mortgage debt and really struggling to pay the bills and i really resonated with that because i know exactly how that feels i was in that position 18 months ago or even 12 months ago and have been consistently working my way out of that but she talked about how she did it by breaking out this mammoth task of actually getting on top of your finances into smaller goals and so while that's the premise of today's video i will be talking also about i guess little ways that you can approach each of these different tasks when it comes to property investing so you can actually get more out of it you can move forward faster you can make better investment decisions as well so the very premise the basics of it is let's actually look at this massive goal this overwhelming thing of investing in property and let's break it down into its smaller bite sized pieces and one of the cool things is is then you can focus on exactly where you're at now so property can be broken down into loads of different bite sized pieces and if you look at it i guess um what's it what's it called when you go in time in sequence oh my gosh am i my mind you know what i mean though from start to finish if you look at the start it really comes down to starting with you got to learn how to manage your personal finances and budget and be able to save then you've got to save your deposit then you need to know how to time the different markets so time the australian market time the markets of the region or the city that you're going to be investing in then you want to understand the different regions within those cities then you want to be able to do suburb research then you want to be able to go granular on the suburb and find the best street within this other then you want to be able to analyze properties and understand what market value is and whether our property is good in there which i forgot to mention is you also want to put in actually choosing a property strategy that could become before or after the overall looking at the market you want to get a strategy that's right for you that's going to lead you towards your financial goals strategies got to be in there you've got to learn how to get granular on this other

https://www.youtube.com/watch?v=Y4WPGYeaAvY Today I read through an article from Property Update about 15 habits that transformed 177 average people into self-made millionaires in just 12 years. We read through it together, talk through some of the points and I think about the things I'm doing well and what I can do better. Property Update Article 0:00 - Introduction1:19 - #1: Rich People Do Work That They Love3:28 - #2: Set Good Goals vs Bad Goals5:22 - #3: They Make Living Below Their Means a Daily Process7:51 - #4: They Don't Gamble9:28 - #5: They Read To Learn Everyday13:20 - #6: They Avoid Time Wasters13:58 - #7: They Control Their Words and Emotions14:41 - #8: They Dream-Set Before They Goal-Set17:00 #9: They Develop Relationships With Other Success-Minded Individuals17:48 #10: They Never Quit on a Dream18:40 #11: They Seek Out and Find Mentors20:59 #12: They Develop Multiple Streams of Income22:15 #13: They Are Open Minded and Positive22:46 #14: They Don't Give Into Their Fears and Doubles24:36 - #15: They Create Their Own Luck Recommended Videos: The 4 Disciplines of Execution Review and How To Apply It To Your Personal Life Financial Freedom, Longevity and Living To 150 Recommended Resources: 4DX Book Grit Book Transcription: Ryan 0:00Today, I want to read through this article from Michael yarny, his property update website about 15 habits that transformed 177 average people into self made millionaires in just 12 years, I want to go through these 15 habits, see which ones of them that I'm working on. We'll talk about them as we go through. And then hopefully, we can learn something together, I will link up to this article in the description down below. This is a great website that has a lot of cool stuff on it. I've had a bunch of financial habits that have changed in my life over the last year going from near bankruptcy, to paying off more than $20,000 worth of debt, and setting myself up with about four or five months worth of buffer financially. If I donate any money, then I can survive for that long. So completely transformed myself over the last 12 months. But it's learning things like this and creating these little daily habits, that makes such a huge difference over the long term. In in a year from today, I want to be so much better off, I want to have all my debt paid off, I want to be saving my deposit, I want my business to be in a really good place. So it's always really good to learn. So here's 15 habits, we're not going to read through the whole article, because as you can see, it's quite long. But we're going to touch on some of the habits here and talk about it. So the first one, which is really interesting is that rich people do work that they love. This is something I've been talking about more and more. And it's getting rid of this idea that financial freedom is so we can retire early, we should be living a life that we love right now. And financial freedom just gives us the insurance policy gives us the security that we can continue to do what we love, no matter what happens to us financially. So it's really interesting that rich people do what they love. It says in the data 96% of the poor did not like what they did for a living 86 86% of the rich did like what they did, and 7% of the original loved what they did for a living, I actually would be right between like, like and love what I do at the moment, I can definitely expand upon it. And I'm excited for the future, probably in the like at the moment, moving up towards the love when I worked in the cafe. For the last year did not love that I didn't hate it. It was great. The people that I worked with were amazing, the customers were great, the job was pretty chill, and easy and like fun. But it just didn't stimulate me mentally, there was just there was no difficulty in it. Once you learn how to do everything, just kind of go through the day, it was good social job. But you know, I didn't love it. And so here it's saying that rich people love what they did. Now, obviously, some passion projects aren't going to deliver us any money. But finding the combination of what you love, and what can make money is obviously so powerful. So for me, I I just love the challenge. And I love creating content. And I love researching and learning about things, the stuff that I'm creating content on on my other websites other than on property, I would not say is life changing. I would not say it's a natural passion of mine the stuff that I'm writing about. But I love researching. I love learning things. I love helping people. And so I found a way to love what I do. And that that makes me money. I know it makes me money. And I found a way to love it and love the process. And second one is they set good goals versus bad goals. Now, you know, setting goals in general is obviously really important. And if you don't set goals,

https://www.youtube.com/watch?v=UE9gij5hGvo Today I want to have a chilled out but thought provoking discussion about financial freedom, longevity and living to 150. How does long life affect the way we look at our work, the way we approach financial freedom and how we live our lives? 0:00 - Introduction1:27 - Longevity and living to 1506:05 - The impact of living longer on our lives, money and financial freedom6:48 - Rich people live longer9:01 - We are now going to have a longer work life14:26 - Financial freedom now has a bigger payoff16:57 - You have more time for your properties to grow in value18:38 - Retirement doesn't sound necessary anymore21:02 - Financial freedom gives you the choices to live the life the way you want Recommended Videos: Dr David Sincliar Rich Roll Podcast Dr David Sincliar Lewis Howes Podcast Dr David Sincliar Joe Rogan Podcast Recommended Resources Lifespan by Dr David Sinclair Transcription: Ryan 0:00today i want to have a pretty chilled out but hopefully thought provoking discussion with you about financial freedom longevity and living to 150 now that may sound completely outrageous from the get go but if you stick with me through this video we're going to talk about some of the things that are happening in the field of longevity anti aging living longer how my generation so i'm in my early 30s now could potentially live to 120 130 150 and younger generations 150 could be an average lifespan for them there's a lot happening in this field at the moment i'm going to talk about that which will probably open your eyes up to that because a lot of people haven't really heard about this yet but also what are the implications that that could have on our investing on financial freedom and on our lives so i've been learning about this sort of stuff i'm excited to share it with you and then also leave a lot of resources for you if you want to go down the same rabbit hole that i went down to learn about more more about this and to discover more about this so i hope you'll join me for this discussion and this ride because this has completely changed my life completely change a lot of things that i do and completely change the way that i'm looking at financial freedom looking at investing and looking at my work so super interesting super riveting stuff so let's start with the longevity stuff i'm not a scientist so i'm not going to give you any health advice or anything like that what i will do is link out to some interviews that i listened to with dr david sinclair who is one of the leading geneticists in the field of longevity and living longer he's done a bunch of interviews which are listened to and i've actually read his book called lifespan which talks about how to live longer so i'll link out to all of that sort of stuff down below if you want to check out the free resources or check out his book you can but the idea here is that aging is a disease and it's something that is curable and treatable and something that we can definitely slow down but also something that we can potentially even reverse or stop altogether so the idea here is not to live to 150 and be decrepid and have be in our diapers not remember who we are a lot of us don't want to live in that sort of state and when we think about how long do we want to live a lot of us will say 8090 100 very few will say over 100 because we just don't see health beyond those years but a lot is happening in the field at the moment with medicine as well as things you can do in your life that not only will we be able to live longer be able to live up to 100 and beyond but we will actually be healthy and happy and vibrant at 100 and still enjoying life so the question is let's say that you felt as you do right now when you were 120 would you still want to die just because you're 120 no chances are you wouldn't chances are that you are loving life and wanting to live more of life so age is just a number and there's chance that we can extend our healthspan not just extend our lifespan and so there's a bunch of things that you can do in order to do that i don't know if i want to get into the weeds in this episode talking about how to do that in terms of everyday life and what we need to do some of the really interesting things i will touch on quickly one of the really interesting things was if you want to extend your lifespan actually eat less or be in a state of being hungry so don't be malnourished but actually use do some intermittent fasting or skip some meals throughout the day now for me this is something i tend to do anyway i'll drink coffee in the morning i'll generally not have breakfast because i'm not hungry in the morning and then sometimes during the day i'll skip lunch because i'm busy working or focused on what i'm doing and then i'll just eat dinner at night and g

https://www.youtube.com/watch?v=flRcG5OSztQ There are some real key financial practices that have allowed me to go from being nearly bankrupt to having paid of $22,000 of debt and build up a 4-5 month buffer fund. Here are 7 financial practices that are really changing my life. 0:00 - Introduction1:33 - Van update2:17 - #1: Earn More Money4:47 - #2: Pay Myself First6:25 - #3: Building Up a Buffer Fund8:41 - #4: Finding a Budget That Works For Me10:53 - #5: Reducing My Expenses15:17 - #6: Living a Minimalistic Life17:01 - #7: Loving The Work That I Do20:00 - Financial Freedom Is No Longer THE Goal Recommended Videos: The 15 Minute Budget The Power in Paying Yourself First Transcription: Ryan 0:00my financial situation has changed dramatically in the last 12 months. And there's some real key financial practices that I've been doing that have really helped me along this transformation. So 12 months ago, I was looking down the barrel of a potential bankruptcy thinking, I don't actually have enough money to pay the bills that I need to pay. I remember having a freakout moment, I was either in June or July of 2019, being like, I don't know what to do. Luckily, I had some income coming in, I was able to delay some payments didn't have to go through bankruptcy. But in the last 12 months, I've been able to pay off $22,000 worth of debt, and actually build up a four to five month buffer fund for myself as well. So I actually have enough money to get me through the next four or five months. So very drastic situation to Okay, I don't know how to pay these bills tomorrow. And I may go bankrupt too. Now, I paid off a bunch of debt. And I've got this buffer fund. And I'm looking like I'm in a position where I if things go really well, which looked they probably won't go as well as I'd hoped I could potentially pay off my debt by the end of the year, but probably take a little bit longer than that. So big transformation in the last 12 months. And there's some key financial things that I've been doing that have helped me along that transformation. So today, as I sit in the van, and as I have a morning coffee, I want to share that with you. Before I do, let me just show you what I've been up to. And I did a video a little while back and the van was a complete mess. And you can see that now I've kind of really set it up the bed is made, I've got my standing desk here. So I can just kind of stand and work on my laptop here. Or I can actually pull up my esci with a seat on it and actually hang out on that the battery for the van is charging at the moment, it's been dead for a while. So it should be good to drive around. And I should be able to actually work on the beach in here very soon. So I'm very excited about that. So you may see me filming on location pretty soon. But I want to share these financial things with you. And there's seven of them. The first one, and I think it's the most important and it's made the biggest change. And that's actually earn more money and focus on earning more money. 12 months ago, I was in a situation where I was not earning enough money to pay for private school to pay for my debt to pay for my rent. and reducing expenses was a big part of that my kids are no longer in private school. I'm currently not paying rent at the moment, but actually building up my income and growing my income has been what's allowed me to pay off my debt. And allow me to build up that buffer fund. So the way that I approach it is I run my own online business. But each and every day, I'm doing actions that are going to actually increase my income in the long run. So rather than just working for the income that I'm going to earn for the day, the work that I do is going to increase my income in the long term. So whether that be content for on property, or whether it be articles for other websites, all the work that I do generate long term income and build up my income over time. So I have a thing that every single day, I want to be publishing at least one piece of content that's going to build up my income. And that builds up slowly over time. In August, when I really kind of started along this, I think I made about 30 or $40 in August from the work that I was doing. But each and every month that has grown significantly to the point now where we're talking about 1000s of dollars per month that I'm earning from work that I've already done, and I'm continuing to do work today that will make my income larger in the future. So earning more money was really the biggest one because that just allows you to get on top of things so much easier. Because if you're not increasing your expenses, along with our growing income, which I haven't been doing at all, then as that income grows, that those extra chunks of money you can actually use to pay off debt, or you can

https://www.youtube.com/watch?v=7TTsnQbx52k So much has happened in my life to affect my finances over the last 5 years and even the last 12 months. But I've been working behind the scenes on my financial gameplan and I'm excited to share it with you today. Here's exactly how I plan to grow my business, get out of debt, achieve financial freedom and invest in property for that long term financial freedom. 0:00 - Introduction0:53 - The way I earn money is different to most people1:19 - My financial history5:44 - My business game plan11:58 - Increasing my income in a passive way13:52 - My financial goals15:30 - Living the life you want now, but investing for the long term17:35 - My property investment strategy19:55 - Your financial game plan Recommended Videos: 2 Properties To Financial Freedom How I Got Myself Into Debt Transcription: Ryan 0:00so much has happened in my life that has affected my finances over the last five years and i'm in a situation now where my finances are growing i'm getting out of debt and in this episode i want to talk about my personal financial gameplan how i'm planning and getting out of debt how i'm planning on getting into a position to invest and helen growing my business and also kind of explain to you why i'm in the position that i'm in today where i don't have a lot of cash flow coming in and so there's things that i can't necessarily do like buy a new car but how i'm doing the word today that's going to actually set me up for my future so i'm really excited to share this with you i hope that you find it interesting and glean something from it yourself that maybe you can add into your own financial gameplan and how you're going to move forward i will say at the start i am not a financial advisor so this is not financial advice but be i would also say that the way that i earn money is very different to the way most people earn money as an online entrepreneur as a content creator the way i earn money is a bit strange and also a bit delayed and so we'll get into that and that's part of the reason why i'm in the position that i'm in today but before we jump into the game plan i do want to talk through a bit of my history and a bit of what happened so if we look back in you know 2013 so seven or eight years ago now i was a pharmaceutical rep earning six figures per year with a free car and free petrol on that car i left that in 2013 to actually move into state we moved my family my family moved up to queensland to the gold coast so i quit that job to go full time in my online business which at the time was only earning something around 500 to $1,000 per month so you're looking at like six to 12 grand per year that it was earning and left a six figure job for that so moved into that and then worked in that full time for a few years and it was in november 2016 that i achieved what i call pseudo financial freedom so this was me being in a position where i didn't have to work anymore my business was earning enough income passively that i hardly had to work i would work a few hours per week and generally it would be when ben would call me up and say let's record a video we need to do some work or when i feel passionate about it so november 2016 i achieved pseudo financial freedom and i knew that at the time if i didn't work it will only last few years and then i would have to work again and actually it was two years almost to the day november 2018 that i lost my financial freedom so in november i had a downturn in my business i was also going through a separation at the time so i have actually increased my expenses i was paying for two houses and things like that so this is where my debt escalated and i got into a lot of debt in a short period of time so that was pretty rough i was in a pretty bad financial position in march of 2019 i felt stable again and i'd worked hard on my business from november until march and i thought okay i got it in a good place but then in june 2019 so just one year ago from the day that i'm recording this i had a situation where i felt like i was nearly bankrupt like i wasn't actually nearly bankrupt a bunch of things came through and i could manage it so i didn't go bankrupt but all these bills came in due on the one day that i was not aware of and a bunch of things all coalesced on the one day that i was like you owe this amount of money you have to pay it now otherwise you know and i didn't have the money to pay it and so i thought what am i going to do but then luckily i had some income from my business i was able to delay those payments out and so bankruptcy obviously didn't happen which is pretty cool also around that time june i think it was a month earlier that i started working in a cafe in order to just have some short term income coming in so that i can continue to pay my bills now all of this time

https://www.youtube.com/watch?v=CLDi5tZO26I How does tax work with positive cash flow properties and how is it possible to have a positive cash flow property and not pay any tax on the income. While I'm not an financial advisor I explain the main concepts behind how this works in todays video. In short: Rental income - expenses - depreciation = profit/loss Profit or loss is then added or subtracted to your taxable income. 0:00 - Introduction0:48 - What is positive cash flow?1:20 - How does tax on positive cash flow work2:48 - How depreciation affects the tax you pay Recommended Videos: How Depreciation Affects Capital Gains Tax (Ep115) Positive Cash Flow Explained Simply (with Pen and Paper) Negative Gearing Explained Simply (with Pen and Paper)

https://www.youtube.com/watch?v=-GUbiE3ieDQ Let's start to explore the concept of living a conscious life that makes you fully content and fully happy on the way to your financial freedom. 0:00 - Introduction0:19 - Financial freedom at 28, a bit of my story4:18 - Not living life on autopilot7:18 - What has worked for me so far12:18 - Our Wildly Adventurous Life15:55 - Don't pin your hopes on financial freedom giving you happiness Recommended Videos: Losing Financial Freedom SUCKS! What It Felt Life For Me What It Feels Like To Be Financially Free Transcription: Ryan 0:00usually on this channel we talk about property investing personal finance achieving financial freedom all that good sort of stuff but in this episode i want to do something different and start to explore the concept of actually living a conscious life and living a life that makes you fully content and fully happy and the reason that i want to explore this in more detail is that i achieved financial freedom at the age of 28 or what i call pseudo financial freedom my businesses were earning enough money without me working that i didn't need to work and so i spent probably about two years from 28 to 30 where i hardly worked at all and i was not rich in terms of the fact of i had a private jet and fancy cars not i did not have a fancy car at all but i did have a decent house i lived one straight back from the beach you could walk to the beach didn't have to work so drive the kids to school then we'd go out for coffee and go to the beach and just kind of spend my days doing that do a bit of work when i felt like it and felt inspired to or when ben would call me up and say ryan we need to record some stuff i'd be like okay so i achieved that at 28 and i realized that financial freedom doesn't make you happy and that was a big shock to me and a big shock to my system because for my life i had been pursuing this goal of financial freedom and while i didn't consciously think okay financial freedom dang i'm going to be happy i think in the back in my mind or subconsciously that's what i believed because when i achieved financial freedom and i wasn't happy i was i was quite shocked about that and so for two years i explored a bunch of different things i hardly worked and explored okay what can make me happy what can make me feel fulfilled and tried a bunch of different things and eventually at least reached a place where i wasn't depressed anymore i have suffered with depression anxiety eating disorders throughout my life and so i was so grateful for that time to reach a place where i'm like okay i kind of have an idea of how to manage my mental illness and not feel depressed anymore or not feel like i have an eating disorder anymore and so i've got to that so that was good but now i'm not financially free anymore i ended up getting myself into a bunch of debt went through a separation business went through a downturn at the same time so expenses jacked up income dropped dramatically built up debt pretty quickly in a period of a couple of months and i'm now climbing my way out of that so i'm no longer financially free and i'm working towards financial freedom again and i still think financial freedom is valuable and important but i feel what's more important is actually living that conscious life and being happy in the life that you have and it's something that's not really talked about by a lot of people most people will talk about okay here's how you get rich here's how you build wealth and we do talk about that on this channel we talk about the strategies and how you can achieve it and that's important financial freedom gives you choices which is great and you want to move towards that and if you're looking for property tips there's hundreds on the channel but what's not really talked about by anyone is how do we actually achieve happiness on our journey towards that and i guess it is sorted out by people online but it's something that i still haven't worked out yet and no matter how many youtube videos i watch your podcast or listened to or books i read i'm still struggling to find that and so this is me actually opening up the conversation with you i don't have answers i don't have solutions in this video this is not me having worked it all out but this is you joining me on the journey this is us going on the journey together to work out okay let's not pin all our hopes and our dreams on financial freedom and on a certain level of wealth let's find it now yes let's move towards financial freedom let's move towards more wealth let's move towards a better life but let's find that happiness let's find that purpose let's find that contentment now and how do we go about doing that and so for me i guess the first way that i've been exploring this is ac

https://www.youtube.com/watch?v=siOaFA4xPkQ You can use property investment as an insurance policy for your retirement and for the life that you want. This simple way of investing can set you up and allow you to live your best life sooner rather than later. Book a Free Property Strategy Session 0:00 - Introduction0:33 - 2 properties to financial freedom2:15 - How is this an insurance policy for our future?6:50 - Achieving financial freedom and an early retirement9:29 - This insurance policy allows you to change your life BEFORE you're financially free Recommended Videos: 2 Properties To Financial Freedom

https://www.youtube.com/watch?v=GM8rSBbnhTw What exactly is positive cash flow when it comes to property investing? Why is it so powerful and how can it help you achieve financial freedom? Free Property Strategy Session 0:00 - Introduction0:20 - What is positive cash flow2:10 - Looking at the numbers5:35 - What is positive cash flow summary7:04 - Why positive cash flow is so powerful Recommended Videos: Negative Gearing Explained Simply (with Pen and Paper) 2 Properties To Financial Freedom $15,000 in Passive Income From Just 1 Property