Wealth Coffee Chats podcast thumbnail image

Australia’s Property Tribunal System Is Broken. You Won’t Believe This!

Oct 16, 2024 | Podcasts, Wealth Coffee Chats

Listen to Wealth Coffee Chats Podcast Now

Discover the latest and most effective investing strategies in Australia by joining our upcoming FREE Webinar! ➡️ https://positivere.events/learn-to-in…

In today’s edition of WCC’s Property Management Wednesday, Cass Sjostedt discusses the challenges faced in property management, particularly focusing on the inefficiencies of the tribunal system. He shares personal experiences and insights from a recent property management conference, emphasizing the importance of effective tenant selection and proactive management strategies to avoid costly mistakes. The discussion highlights the need for property managers to be vigilant and engaged in the management process to protect the interests of rental providers. Let’s Wealth Coffee Chat!

00:00 – Introduction.
02:05 – Show Starts
04:14 – The Broken Tribunal System
10:27 – Understanding Tenant Selection and Management
13:26 – Proactive Strategies for Property Management

Subscribe To Our channels and get More Great Real Estate Investing Tips:

If you’re yet to subscribe to Wealth Coffee Chats, be sure to do so on your favourite channel.
Listen on apple podcasts button
listen on spotify button
watch on youtube button
listen on google button
Interest Rates, Investment Strategies and Financial Opportunities in Real Estate

Interest Rates, Investment Strategies and Financial Opportunities in Real Estate

In this episode of Wealth Coffee Chats, Cang Dang from Positive Money discusses the current state of interest rates, particularly the recent drop in variable rates by NAB and emphasizes the importance of being prepared for investment opportunities. Cang walks us through the significance of understanding income servicing and borrowing capacity, the choice of entity for property purchases and the impact of deposit sources on loan approval. Are you ready for more? Let’s Wealth Coffee Chat!

This One Mistake Cost An Investor $16k And It Could Happen To You Too

This One Mistake Cost An Investor $16k And It Could Happen To You Too

In this Wealth Coffee chat, Cass Sjostedt discusses the critical aspects of property management, focusing on a case study where an investor lost $16.5K due to ineffective leasing strategies. He emphasizes the importance of the three P’s: Price, Presentation, and Promotion, and introduces a fourth P: Property Manager. How important is a great property manager? Let’s Wealth Coffee Chat!

How Far Away Are Interest Rate Cuts In Australia?

How Far Away Are Interest Rate Cuts In Australia?

In this episode of Wealth Coffee Chats, Cang Dang from Positive Money discusses the current state of interest rates, the impact of APRA guidelines on borrowing and the evolving landscape of tax assessments and lending practices. He emphasizes the importance of communication between borrowers and lenders, especially in light of potential interest rate cuts and the challenges faced in the mortgage approval process. Let’s Wealt

Navigating the Tax Landscape in Property Investment

Navigating the Tax Landscape in Property Investment

In this Wealth Coffee Chat, Anthony Wolfenden and Daniel McPherson discuss the evolving landscape of taxes and government levies affecting property investment in Australia. They focus on the incentives and costs imposed by state and local governments, particularly in Victoria, and the implications for investors. Let’s Wealth Coffee Chat!

Investing vs Trading vs Gambling: What’s the Difference?

Investing vs Trading vs Gambling: What’s the Difference?

Property investment isn’t a quick fix and should never be akin to gambling; investment is a marathon, not a sprint. In this episode of Wealth Coffee Chats, Jason breaks down in detail the differences between investment, trading, and gambling, to show everyone that rolling the dice with your future is not the way to build your wealth. Let’s Wealth Coffee Chat!

How Much Does Lenders Mortgage Insurance Really Add to a Home Loan?

How Much Does Lenders Mortgage Insurance Really Add to a Home Loan?

In this episode of Wealth Coffee Chats, Cang Dang from Positive Money discusses the current state of the market, focusing on inflation rates and their potential impact on interest rates. He delves into the costs associated with Lenders Mortgage Insurance (LMI) when purchasing property, explaining how it varies based on loan-to-value ratios. Cang also walks you through the strategies for waiving mortgage insurance, including professional exemptions and government schemes, while emphasizing the importance of structuring loans effectively to minimize costs. Let’s Wealth Coffee Chat!

How Much Has Rent Grown in 2024? The 2024 Rent Market Update

How Much Has Rent Grown in 2024? The 2024 Rent Market Update

In this episode of Wealth Coffee Chats, Cass Sjostedt from R&W Plus walks us through the market update for 2024: what does the rental market look like? Sydney, Brisbane, Perth and especially Adelaide has shown significant growth. Has the rent on your rental properties grown in value over the last 12 months? Let’s Wealth Coffee Chat.

What Is Negative Gearing And How Does It Work?

What Is Negative Gearing And How Does It Work?

In this episode of Wealth Coffee Chats, Positive Money’s Cang Dang discusses recent developments in the Victorian property market, including a new stamp duty concession for off-the-plan properties. Cang delves into the concept of negative gearing, explaining how it can help investors save on taxes. Lastly we cover the implications of purchasing property under a personal name versus a trust, highlighting the benefits and drawbacks of each approach.