Should Owen use equity from his property to buy a farm? Mortgage Broker Chris Bates explains the pros and cons of equity release

Feb 19, 2024

Australia's #1 Mortgage Broker Chris Bates discusses equity release, debt recycling, side hustles vs. pay rises, and leveraging property equity for investment. Topics include navigating tightened borrowing capacities, considerations for borrowing with new business income, and maximizing opportunities with property equity. The conversation also explores using property equity to invest in shares and offers tips on making smart financial decisions.

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Introduction

00:00 • 3min

Discussing Property Investments and Equity Release with a Mortgage Broker

03:23 • 3min

Navigating Tightened Borrowing Capacities and Rising Property Prices

06:47 • 3min

Considerations for Borrowing Money with New Business Income

09:54 • 3min

Maximizing Opportunities and Leveraging Equity

13:03 • 27min

Utilizing Property Equity to Invest in Shares

40:12 • 5min

On this cross-posted episode, Australia's #1 Mortgage Broker Chris Bates sits down with Owen Rask to discuss Owen's property goals and long-term wealth creation plan.

Chris also explains the pros and cons of equity release, debt recycling, side hustles versus pay rises, and so much more.

This podcast originally appeared on Rask's Australian Property Podcast: https://www.raskmedia.com.au/podcasts/australian-property-podcast/

~~ Resources you'll love ~~

Access Show Notes: https://bit.ly/R-notes
Invest with Owen: https://bit.ly/R-invest
Kate's book, Buying Happiness: https://bit.ly/kate-amazon
Mortgage Broking: https://bit.ly/broke-rask
Financial Planning: https://bit.ly/R-plan
Property Coaching: https://bit.ly/R-P-coach
100-point property checklist (PDF): https://bit.ly/prop-check
Accounting with Grey Space: http://bit.ly/3DG5lWS
Business Coaching: https://bit.ly/o-coach
Ask a question: https://bit.ly/3QtiY00

~~ Our Amazing sponsors have stuff for you ~~

Pearler, the broker for long-term investors. Sign up to Pearler using the code “RASK” for $15 of Pearler Credit: bit.ly/Pearler and learn more about Pearler Rewards.

DISCLAIMER: This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser.

Access The Rask Group's Financial Services Guide (FSG): https://www.rask.com.au/fsg

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