In this episode Pete and Chris discussed their 2025 outlook for business and property.In this 2 Sense episode of The Australian Property Podcast, 7-time author Pete Wargent and Alcove mortgages founder Chris Bates are BACK!Every week, Chris Bates and Pete Wargent jump on the Australian Property Podcast airwaves to answer your questions or cover the top 3 property news stories of the news. Don't forget to send Chris and Pete your questions!In this week’s episode, Chris and Pete cover:1 – Birth rate hits record low. What comes next for population growth?2 – Major developer sinks into administration. Supply shortages ahead!3 – Inflation to fall in the December quarterResources for this episode1 – Birth rate falls to record low and the 2024 Population StatementAustralia's birth rate hits record low – here's why it matters to you2024 Population StatementPopulation statement and future trendsUnis expect near-record foreign student numbers despite policy chaosAustralia's Indian summer2 – Major developer sinks into administrationHighrise apartment developer Bensons Property Group placed in voluntary administrationMajor Australian property group Bensons Property Group goes into voluntary administrationMajor developer Bensons Property Group in voluntary administrationBensons Property Group's voluntary administration leaves uncertain future for Elias Jreissati's Chevron One penthouse3 – Inflation to fall to 0.2%?NABNAB Economy WatchWestpacMonthly CPI Indicator – NovemberNovember Monthly CPI PreviewQ4 inflation to fall to 0.2pc?Rask Resources Property Planning – Pete Wargent from Allen Wargent Property BuyersMortgage broking – Chris Bates from Flint GroupPodcast resources Access Show Notes Invest with Owen Mortgage Broking Financial Planning Property Coaching 100-point property checklist (PDF) Accounting with Grey Space Business Coaching Rask Core 🌏 – DIY investing Owen’s FREE investor bootcamp Ask a question Rask community forumhttps://community.rask.com.au/homeDISCLAIMER: 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 Learn more about your ad choices. Visit megaphone.fm/adchoices

Topics covered today:1 – Turn yourself into a property pro Went to a live event, Modern Wisdom with Chris Williamson. While it mostly targets creatives and artists, some of the messaging hit home. Property investment is a business, in effect, and you should aim to treat it accordingly. Different personality types. But, should still take a professional approach to mapping out your investment strategy for the decade ahead at least. What does this mean in practice: A 10-year property plan with balance sheet and P&L  Some of my most successful clients over the past decade have included those who take massive action, and those who are really across their strategy and the cashflows etc. 2 – Book and call with a broker or lending professional Property is a game of finance with houses in the middle. We’ve been through a very unusual period for lending. Interest rates fell to unprecedented lows and have now rebounded to contractionary settings. Many borrowers are paying more than they need to as banks aim to claw back returns. Lending assessment buffers are tight but this doesn’t always apply to refinancing. Think a decade ahead and get buffers/offsets in place. Need to have a strategy which makes you unbreakable. 3 – Think in decade chunks Media commentary is now daily, focus is on clicks.  But a full property cycle might take 7 to 10 years to play through. What happens over the course of a week probably has very little bearing on the prospects for a property investment over a decade time horizon. Our key investing years might be, for most people, between the ages of 25 and 65, so about 3 or decades.  Could be 4 to 6 full property cycles, if not more if you invest in different cities, states, or countries.  If you aim to invest for 20, 30, 40 years or longer, then there will be summer and winter seasons. High and low interest inflation, high and low interest rates, undersupply and overbuilding, high and low vacancy rates.  So you need to think about long-term fundamentals.  4 – WrapIt’s an interesting time for property investment. In 2025 we will have high population growth, a chronic housing shortage and falling interest rates. All good fundamentals for property. Yet, as with every decade, there will be those who succeed and those who fail to progress as they hoped. The best way to ensure you’re in the former group and not the latter is by taking a more professional approach to your investing to managing risk, and take a sensible approach for the decade ahead, with the appropriate buffers in place.Episode resourcesPete: Read Turning Pro bookModern Wisdom podcastRask ResourcesProperty Planning – Pete Wargent from Allen Wargent Property BuyersMortgage broking – Chris Bates from Flint GroupPodcast resources Access Show Notes Invest with Owen Mortgage Broking Financial Planning Property Coaching 100-point property checklist (PDF) Accounting with Grey Space Business Coaching Rask Core 🌏 – DIY investing Owen’s FREE investor bootcamp Ask a question Rask community forumhttps://community.rask.com.au/homeDISCLAIMER: 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 Learn more about your ad choices. Visit megaphone.fm/adchoices

Topics covered today:In this episode Pete and Chris discussed their 2024 highlightsSome of the major trends we observed in the Aussie property market in 2024 included: Perth and Adelaide have boomed, and Brisbane listings were so low all year.How did interest rate movements impact the market throughout the year? Not as much as we thought. It was a complex web of trends, overall, and not as simple as people thought at the beginning of the year.1. What Pete and Chris learned in 2024, and some challenges faced by the property marketA key lesson for us – don’t get too stuck on Level 1 thinking. It’s a complicated market sometimesThe most significant challenges the property market faced last year: Construction costs were very high, and developer insolvencies hit 3,000. Housing supply struggled all year.2. 2025 outlook and insights from Pete and ChrisLooking forward to 2025, our main predictions for the Australian property market: Slower price growth, but solid performance, overall.Melbourne is set to rebound due to relative affordability versus other capital cities.How we see the interest rate environment evolving, and how this will impact the market: Interest rates to fall to around 3.5%, APRA change to ease lending assessment buffers, and more bank competition for customers. This should boost buyer activity into an undersupplied market.Particular areas or regions in Australia that might offer the best investment opportunities in 2025: Melbourne, Newcastle, Brisbane, Central Coast, and Sunshine Coast.Key trends to shape 2025: Election year could see some changes to population policy, and property market policy. Superannuation for housing (Coalition) and Build to Rent (Labor). Slower population growth overall, as visa issuance for international students slows down.3. Our advice for homebuyers and investors in 2025Risks we believe homebuyers and investors should be cautious of in 2025: Construction and off the plan risks. Keep a buffer in case interest rates don’t fall.4. Closing reflections from Pete and ChrisSumming up in 2024: Resilience! An interesting year of lessons. Intergenerational wealth and a struggle for developers. A complex market.Other advice for listeners as they plan their property investment strategies for the coming year:Get a property plan done!Episode resources:Pete: Read Turning Pro bookModern Wisdom podcastChris: Manage technology addiction better, and draw more defined boundaries between work and leisure.Rask Resources:Property Planning – Pete Wargent from Allen Wargent Property BuyersMortgage broking – Chris Bates from Flint GroupPodcast resources Access Show Notes Invest with Owen Mortgage Broking Financial Planning Property Coaching 100-point property checklist (PDF) Accounting with Grey Space Business Coaching Rask Core 🌏 – DIY investing Owen’s FREE investor bootcamp Ask a question Rask community forumhttps://community.rask.com.au/homeDISCLAIMER: 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 Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome to Rask's 2024 Year in Review. This episode features snippets from an Olympian, Therapist, CEO, Influencers, Authors, Founders and more!Episodes to watch next (in order of first appearance in the Review):John Addis, leukaemia and dealing with uncertainty: https://www.raskmedia.com.au/2024/10/07/john-addis-book-how-not-to-lose-1-million/Grant Hackett, bad times don’t last forever: https://www.youtube.com/watch?v=JLoIKV68-hwMarie Verkakis (to be released), therapist: https://youtu.be/f6EH6yHzzesDave Gow, early retirement & looking inward: https://www.youtube.com/watch?v=UjoGibsgPG0Tim Duggan, working less: https://www.youtube.com/watch?v=kzk7toGCycQ Brian Hartzer, coaching kids: https://www.youtube.com/watch?v=xaFC9Pp2DPMQiao Ma (to be released), Lehman lessons & killer companies: https://youtu.be/xh2D5FAR1mAAngus Donohoo, Crypto Gandi: https://www.raskmedia.com.au/2024/10/02/angus-donohoo-dating-apps/Joe Aston, journalist & power abuse: https://youtu.be/Vu6FFGcsUBUPhil Lowe, former RBA governor: https://www.raskmedia.com.au/2024/11/27/phil-lowe-caroline-gurney-investing-on-purpose/Paul Clitheroe, bullish on Australia: https://www.youtube.com/watch?v=AikPhtqJf48Alec Rehehan, questions: https://www.youtube.com/watch?v=5mmCDdqV_xUMike Kemp, market history: https://podcasts.apple.com/gb/podcast/how-to-actually-grow-wealthy-ft-mike-kemp-live-replay/id1414707038?i=1000646198287Todd Barlow, portfolio management: https://www.raskmedia.com.au/2024/09/18/washington-h-soul-pattinson-co-ltd-asxsol-invest-ceo-todd-barlow/~~ Rask Resources ~~All services: https://bit.ly/R-servicesFinancial Planning: https://bit.ly/R-plan Invest with us: https://bit.ly/R-invest Access Show Notes: https://bit.ly/R-notes Ask a question: https://bit.ly/R-quest 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 Learn more about your ad choices. Visit megaphone.fm/adchoices

In this 2 Sense episode of The Australian Property Podcast, 7-time author Pete Wargent and Flint Group founder Chris Bates are BACK!Every week, Chris Bates and Pete Wargent jump on the Australian Property Podcast airwaves to answer your questions or cover the top 3 property news stories of the news. Don't forget to send Chris and Pete your questions!In this week’s episode, Chris and Pete cover:1 – Getting behind the curve2 – Aus per capita recession continues for a 7th quarter3 - Top property hotspots and trends for 2025Episode resourcesRask community forumhttps://community.rask.com.au/home1 – Getting behind the curveCanada's Unemployment Rate Rises to 6.8%Canada Unemployment Rate Rises to 6.8% in November vs 6.6% ExpectedBank of Canada Interest Rate Update Expectations2 – Aussie per capita recession continuesPrivate Sector Limps into RecessionRecession Crashes Down on Australian Households3 – Where are some of the property best buys for 2025?Ray White Property Trends and hotspots for 2025Ray White 2025 Property Outlook Report~~ Resources you'll love ~~Invest with Owen: https://bit.ly/R-investMortgage Broking: https://bit.ly/broke-raskFinancial Planning: https://bit.ly/R-planProperty Coaching: https://bit.ly/R-P-coach100-point property checklist (PDF): https://bit.ly/prop-checkAccounting with Grey Space: http://bit.ly/3DG5lWSBusiness Coaching: https://bit.ly/o-coachAsk a question: https://bit.ly/3QtiY00DISCLAIMER: 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 Learn more about your ad choices. Visit megaphone.fm/adchoices

Leaders are hitting pause on rapid immigration, with promises to free up housing. The new Help to Buy Scheme aims to assist low-income homebuyers, sparking debate over its effectiveness. Australia faces an increasing apartment supply crunch, raising concerns for potential homeowners. As Christmas nears, the property market's seasonal dynamics are under scrutiny, along with implications of changing migration patterns. Join the discussion on how these factors intertwine with the future of property investment.

In this episode, Reece Marini and Pete Wargent explain why having a well-structured property investment strategy is essential for success in 2025 and beyond. They discuss the key elements of a property plan, how to make financial projections, and why flexibility is important in an ever-changing real estate market.Key Topics Covered: What is a Property Strategy Plan? What Should Be Included in a Property Plan? The Importance of a Borrowing Strategy Benefits of a Property Plan The End Game: Line of Credit (LOC) and Debt Paydown Potential Disadvantages of a Property Plan How to Make Financial Projections for Your Property Portfolio Adapting Your Property Strategy What Does a Good Property Plan Look Like? Other Considerations for Your Property Plan ~~ Resources you'll love ~~ Invest with Owen: https://bit.ly/R-invest 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 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 Learn more about your ad choices. Visit megaphone.fm/adchoices

Every week, Chris Bates and Pete Wargent jump on the Australian Property Podcast airwaves to answer your questions or cover the top 3 property news stories of the news. Don't forget to send Chris and Pete your questions!In this week’s episode, Chris and Pete cover:1 – Two tweaks would let FHBs borrow more2 – Global property bubble risks 3 – Is this the bottom of the cycle for Victoria? Episode resourcesRask community forumhttps://community.rask.com.au/home1 – Two tweaks would let FHBs borrow moreTwo tweaks would let first-home buyers borrow $116,000 more: NABhttps://www.afr.com/wealth/personal-finance/two-tweaks-would-let-first-home-buyers-borrow-116-000-more-nab-20241113-p5kq8y2 – Global property bubble riskshttps://www.ubs.com/global/en/wealthmanagement/insights/2024/global-real-estate-bubble-index.html3 – Is this the bottom of the cycle for Victoria?https://www.afr.com/policy/economy/embarrassing-victorian-households-fall-behind-tasmania-20241122-p5ksuihttps://www.afr.com/politics/how-victoria-became-a-poor-state-and-the-16-charts-that-prove-it-20241122-p5ksuqhttps://www.afr.com/politics/not-sustainable-report-sounds-alarm-on-victoria-s-228b-debt-20241117-p5kr94~~ Resources you'll love ~~ Invest with Owen: https://bit.ly/R-invest 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 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 Learn more about your ad choices. Visit megaphone.fm/adchoices

Dive into the role of Buyer’s Agents and learn when to leverage their expertise for smarter property investments. Discover how adaptability shapes success in fluctuating markets, with a focus on being 'approximately right' over perfection. Explore the fascinating connection between personality types and investment strategies, evolving from bold risk-taking to cautious planning. Unpack the myth of the property guru and embrace the importance of personalized financial advice while navigating envy as a powerful motivator for growth.

In this 2 Sense episode of The Australian Property Podcast, 7-time author Pete Wargent and Flint Group founder Chris Bates are BACK!Every week, Chris Bates and Pete Wargent jump on the Australian Property Podcast airwaves to answer your questions or cover the top 3 property news stories of the news. Don't forget to send Chris and Pete your questions!In this week’s episode, Chris and Pete cover:1 – NAB Property market predictions for 20252 – Stamp duty cuts come into effect for Victoria3 – A decade of housing supply nonsenseEpisode resourcesRask community forumhttps://community.rask.com.au/home1 – NAB Property market predictions for 2025https://business.nab.com.au/nab-quarterly-australian-residential-property-survey-q3-2024/https://petewargent.blogspot.com/2024/11/nab-property-forecasts-for-2025.html2 – Stamp duty cuts come into effect for Victoriahttps://www.proptrack.com.au/insights-hub/victorias-rental-market-shrinks-by-20000-properties-in-just-one-year/3 – A decade of housing supply nonsensehttps://www.macrobusiness.com.au/2024/11/a-decade-of-housing-supply-nonsense/~~ Resources you'll love ~~ Invest with Owen: https://bit.ly/R-invest 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 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 Learn more about your ad choices. Visit megaphone.fm/adchoices