The Property Couch

It’s the full month after Australia’s social restrictions so… what should we expect in today’s RBA Board meeting?One thing for sure, the cash rate remains at 0.25% and while there isn’t too much of a surprise there, Ben is about to walk you through the THREE CRITICAL THEMES unfolding with regards to the direction, outlook and recovery of the economy; both here in Australia and globally.Free Resources mentioned in this Update:Ben’s Blog on ‘Talking Up’ Property or Subject Matter Knowledge? – Property Prices in the Short Term: Read hereRBA Economic and Financial update: https://www.rba.gov.au/speeches/2020/sp-gov-2020-04-21.htmlIMF Real GDP Growth in 2020: https://www.imf.org/external/datamapper/NGDP_RPCH@WEO/OEMDC/ADVEC/WEOWORLDWhat’s discussed in this Update?Distressed Selling in PropertyWhat Property Type is MOST at Risk Right NowWhen Can The Economy Expect To “Bounce Back”?US Economic NewsChinese Economic ActivityAustralian Politics — And What This Will Mean For Property Investors, Home Owners and First Home BuyersAustralian Economy Update & Future OutlookUnemployment (where’s it sitting & where it’s looking to go…)Retail SalesWhat Australian Banks Are Doing Right NowCredit Growth & Dwelling ApprovalsWhat To Watch Out For In The Coming Months… (especially regarding self-isolation bans and property predictions)This is another BIG RBA ANNOUNCEMENT with everything going on at the moment, but it’s definitely in your BEST interest to watch so you stay up-to-date with what’s currently happening! LISTEN TO THE FIRST 20 EPISODES HERE >>MOORR MONEY MANAGEMENT APP: 👉 Apple: https://apple.co/3ioICGW 👉 Google Play: https://bit.ly/3OT86bW 👉 Web platform:  https://www.moorr.com.au/     FREE MASTERCLASS: - LISTEN TO THE FIRST 20 EPISODES HERE >> MOORR MONEY MANAGEMENT APP: 👉 Apple: https://apple.co/3ioICGW 👉 Google Play: https://bit.ly/3OT86bW 👉 Web platform: https://www.moorr.com.au/ FREE MASTERCLASS:- How to Build a Property Portfolio and Retire on $2,000 a week >> FREE BEST-SELLING BOOKS: - The Armchair Guide to Property Investing - Make Money Simple Again FIND US HERE: - Website - Instagram - Facebook - Youtube

“Kyal & Kara” Demmrich became household names after the humble chippy & physio joined The Block back in early 2014 for their Fan Vs Favs series. And when that popular reality program was over, the courageous renovation-lovers decided to do it ALL again – this time on Reno Rumble in April 2015!And now, with their own successful Design & Construction business, Diverse Design & Build, and tackling their own Renovation Series, Kyal and Kara are a near-perfect example of what it’s like to renovate, raise kids, run a business and not lose your mind in the process!In fact folks, we’ve ‘gotta hand it to them – this couple is remarkably positive, healthy and staying ahead of the game!!And guess what’s even more surprising? We actually interviewed them during “The Week They Never Want to Repeat!!”So. What’s their secret?And what Renovation Tips could the rest of us benefit from?! (Maybe BEFORE you “do a Ben” and challenge your sanity by renovating the family home! Free Stuff MentionedKyal and Kara – The Block Audition VideoBlue Lagoon Build (Kyal & Kara’s Renovation Series)Episode 132 | Josh and Jenna from The Block! New things for this Bickering Couple and their Tiny House Movement in AustraliaFree Report: Top Tips on How To Master the Foundational PIllars in Pandemic Times or just fill in the form below and we’ll email you the PDF right away!LISTEN TO THE FIRST 20 EPISODES HERE >>MOORR MONEY MANAGEMENT APP: 👉 Apple: https://apple.co/3ioICGW 👉 Google Play: https://bit.ly/3OT86bW 👉 Web platform:  LISTEN TO THE FIRST 20 EPISODES HERE >> MOORR MONEY MANAGEMENT APP: 👉 Apple: https://apple.co/3ioICGW 👉 Google Play: https://bit.ly/3OT86bW 👉 Web platform: https://www.moorr.com.au/ FREE MASTERCLASS:- How to Build a Property Portfolio and Retire on $2,000 a week >> FREE BEST-SELLING BOOKS: - The Armchair Guide to Property Investing - Make Money Simple Again FIND US HERE: - Website - Instagram - Facebook - Youtube

As each State Govt rushes to respond to this health crisis, we strive to update our community on the most recent changes relating to residential real estate as well. And this update is no different.This time, we’ll be unpacking the New Residential Rent Relief Grant released by the WA Govt last week on the 23rd of April 2020! The WA State Government is making available $30 million for grants of up to $2,000 for Western Australian residential tenants who lost their jobs on or after 20 March 2020 and are facing financial hardship due to the COVID -19 pandemic.Here to fill us in on the details is Damian Collins, President of REIWA, the Founder and Managing Director of Momentum Wealth and also the Chairman of commercial property funds management business, Mair Property Funds.In this short update, we’ll be covering these questions:How are WA landlords and renters affected by a moratorium on evictions?If there is any Land Tax Relief for Property Owners?Can rent be increased during the emergency period?What is the emergency period?What constitutes Financial Hardship and what documents are needed?Can a renter ask to reduce their rent payments?For more questions relating to WA Rent Relief Grant, please refer to this website: https://www.commerce.wa.gov.au/consumer-protection/residential-tenancies-covid-19-responseAnd of course, if you’re a tenant and are currently facing financial difficulties due to COVID-19, we strongly recommend you to check out the New Residential Rent Relief Grant by the WA Govt here to apply for the grant. Free ResourcesResidential tenancies – Western Australia COVID-19 responseWA Govt. Residential Rent Relief Grant SchemeBecome A PICA MemberLISTEN TO THE FIRST 20 EPISODES HERE >> MOORR MONEY MANAGEMENT APP: 👉 Apple: https://apple.co/3ioICGW 👉 Google Play: https://bit.ly/3OT86bW 👉 Web platform: https://www.moorr.com.au/ FREE MASTERCLASS:- How to Build a Property Portfolio and Retire on $2,000 a week >> FREE BEST-SELLING BOOKS: - The Armchair Guide to Property Investing - Make Money Simple Again FIND US HERE: - Website - Instagram - Facebook - Youtube

And so our theme of chatting with the Presidents of the property markets across the country continues! Here to tell us what’s happening in Bryce’s hometown (Perth ) and the best strategy a property investor should adopt in WA, is… Damian Collins, President of REIWA – the Real Estate Institute of Western Australia! The last time we checked in with Damian was waaay back in Episode 73… and there’s been more than a few changes in the WA property market between then and now… plus, even more news since COVID-19 came on the scene! A bit about today’s guest… Damian has served on the REIWA Council since 2011 and was elected President of the Institute in 2018. He’s been an active investor for over 25 years and is ALSO the Founder and Managing Director of Momentum Wealth  – a Perth-based property investment consultancy. As well as all this, he’s also the Chairman of a commercial property funds management business, Mair Property Funds. We tackle the big question… Should a Buy & Hold Property Investor actually invest in Western Australia? This one is for our WA folks… and those interested in what’s happening on the grounds in the Perth property market… Pre-COVID-19 During COVID-19 Post-COVID-19 Free Stuff Episode 73 | Building a property portfolio in a tough market – Chat with Damian Collins Episode 256 | From Gold Mine To Fool’s Gold: How This Property Investor Nearly Lost It All During The WA Mining Boom! – Chat with Rick Hockey Property Investors Council of Australia (PICA) – Become a Member Today And of course, our Free Report on the Top Tips on How To Master the Foundational PIllars in Pandemic Times! Just fill in the form below and we’ll email it to you right away.LISTEN TO THE FIRST 20 EPISODES HERE >>LISTEN TO THE FIRST 20 EPISODES HERE >> MOORR MONEY MANAGEMENT APP: 👉 Apple: https://apple.co/3ioICGW 👉 Google Play: https://bit.ly/3OT86bW 👉 Web platform: https://www.moorr.com.au/ FREE MASTERCLASS:- How to Build a Property Portfolio and Retire on $2,000 a week >> FREE BEST-SELLING BOOKS: - The Armchair Guide to Property Investing - Make Money Simple Again FIND US HERE: - Website - Instagram - Facebook - Youtube

Time for our monthly catchup with Nerida Conisbee, Chief Economist at realestate.com.au! It’s a long one today but we promise you it’s jam-packed with absolute gold!So here are some of the discussions we had today: What’s been happening in the rental market and AirBnB listings? How did the Job Seeker and Job Keeper payments impact the real estate industry? Which Australian markets are showing strong rental demand? What’s the ideal strategy during these uncertain times? When is a good time to sell your property? What conditions have to be met to cause a 40% drop in the Australian Property Market as a whole? How does the Australian Property Market compare to Japan’s? What’s likely to happen on the other side of this pandemic? How are home buyers and investors’ activity looking like at the moment compared to previous months? What are online auctions and are they efficient enough to replace offline auctions? Tips on how to research and inspect a property online.Hope this helps folks and don’t forget to check out last week’s episode on Coronavirus and Property FAQ here.p.s. Want more of this? Subscribe to our podcast every Thursday at 3pm on iTunes, Spotify or your favorite podcast app!LISTEN TO THE FIRST 20 EPISODES HERE >>MOORR MONEY MANAGEMENT APP: 👉 Apple: https://apple.co/3ioICGW 👉 Google Play: https://bit.ly/3OT86bW 👉 Web platform:  https://www.moorr.com.au/     FREE MASTERCLASS: - How to Build a Property Portfolio and Retire on $2,000 a week >>FREE BEST-SELLING BOOKS: - The Armchair Guide to Property Investing - Make Money Simple AgainFIND US LISTEN TO THE FIRST 20 EPISODES HERE >> MOORR MONEY MANAGEMENT APP: 👉 Apple: https://apple.co/3ioICGW 👉 Google Play: https://bit.ly/3OT86bW 👉 Web platform: https://www.moorr.com.au/ FREE MASTERCLASS:- How to Build a Property Portfolio and Retire on $2,000 a week >> FREE BEST-SELLING BOOKS: - The Armchair Guide to Property Investing - Make Money Simple Again FIND US HERE: - Website - Instagram - Facebook - Youtube

What a difference a couple of days makes, huh?!! Back on the couch is Antonia Mercorella, CEO of REIQ… with some GREAT NEWS!!!! In light of last week’s episode, the Queensland Government has reached out to The Real Estate Insitute of Queensland (REIQ) to collaborate on a package that ensures protection for EVERYONE… ie. tenants AND landlords!! Antonia will fill you in on all the amendments to the proposed Rental Relief Package, what this means for landlords and tenants, and exactly HOW the reversal of this initial “Shocker” of a policy came about! You can learn more about QLD Rental Relief Package here: https://www.covid19.qld.gov.au/the-hubThe amendments to the proposed Rental Relief Package include: Rent payments and unpaid rent: Property owners and tenants can now agree on the terms of reduced rent and deferred repayment requirements. Financial hardship requirements: The combined income of tenant/s must have reduced by more than 25% as a direct result of COVID-19 or where the rent amount exceeds 30% of income/s and tenant/s cannot afford to pay the rent. Substantiation of financial hardship: Tenants must provide the same level of proof of income as is required at the start of the tenancy to seek a rent reduction. Entry requirements: The Government will provide clear guidance to ensure access for essential repairs and maintenance, the sale of a property and virtual inspections. Break lease: To qualify for the Government’s break lease provisions, tenant/s must be in severe financial hardship which is defined as a 75% reduction in combined tenant/s income and have less than $5,000 in savings. Extension of a tenancy: A fixed term tenancy will be automatically extended to 30 September 2020 unless agreed otherwise. You can learn more about QLD Rental Relief Package here: https://www.covid19.qld.gov.au/the-hub Free ResourcesSupport REIQ Here (it’ll literally take you 1 minute)LISTEN TO THE FIRST 20 EPISODES HERE >> MOORR MONEY MANAGEMENT APP: 👉 Apple: https://apple.co/3ioICGW 👉 Google Play: https://bit.ly/3OT86bW 👉 Web platform: https://www.moorr.com.au/ FREE MASTERCLASS:- How to Build a Property Portfolio and Retire on $2,000 a week >> FREE BEST-SELLING BOOKS: - The Armchair Guide to Property Investing - Make Money Simple Again FIND US HERE: - Website - Instagram - Facebook - Youtube

Leanne Pilkington is no stranger to real estate. When she first started in the property industry almost four decades ago, things looked a bit different from what they do now…For one, she was literally fired from her job every Friday afternoon! And now? Well, today’s guest is the PRESIDENT of Real Estate Institute of New South Wales (REINSW) — the largest and most influential association of real estate professionals in the country’s biggest property market!Sure, Leanne Pilkinton is one of the most respected and sought-after commentators in real estate and a strong advocate for women in the profession, lobbying for improved education and training across the entire industry… but she’s also the Managing Director of leading NSW boutique real estate group Laing+Simmons.And she knows the market inside and out!Obviously, with everything COVID-19 going on, it’s safe to say that Leanne is VERY MUCH in the trenches, lobbying the government and looking at new ways the real estate industry can adapt to this climate while also being really honest about the fact that quickly formed legislation can have a disastrous impact on real estate agents, property managers and landlords.This is a passionate and knowledge-sponge of an episode, folks!!The Free StuffDOWNLOAD PDF: Claiming Tenancy HardshipJOIN PICA: $5 for 1 Year or $20 for 5 YearsLISTEN TO THE FIRST 20 EPISODES HERE >>MOORR MONEY MANAGEMENT APP: 👉 Apple: https://apple.co/3ioICGW 👉 Google Play: https://bit.ly/3OT86bW 👉 Web platform:  https://www.moorr.com.au/     FREE MASTERCLASS: - How to Build a Property Portfolio and Retire on $2,000 a week >>FREE BEST-SELLING BOOKS: - LISTEN TO THE FIRST 20 EPISODES HERE >> MOORR MONEY MANAGEMENT APP: 👉 Apple: https://apple.co/3ioICGW 👉 Google Play: https://bit.ly/3OT86bW 👉 Web platform: https://www.moorr.com.au/ FREE MASTERCLASS:- How to Build a Property Portfolio and Retire on $2,000 a week >> FREE BEST-SELLING BOOKS: - The Armchair Guide to Property Investing - Make Money Simple Again FIND US HERE: - Website - Instagram - Facebook - Youtube

Yes, we’ve got TWO back-to-back episodes this week! ‘Cos let’s face it… there’s been A LOT that has disturbed the property industry over the week!Case in point: Easter.Oh, Easter. The break that had a lot of us biting our nails, not biting into chocolate eggs… and a lot of folks didn’t even KNOW it almost ended in disaster for property owners!Thankfully, common sense prevailed – and today’s guest had a great deal to do with bringing that levelheadedness back to the table.Joining us today is none other than Leah Calnan, President of the Real Estate Institute of Victoria (REIV), the peak body of real estate down here in VIC.And she has a wealth of experience to bring to the discussion – not only has she got over 24 years’ experience in property management… and is the Director of Metro Property Management & Metro Property Sales… but also, she’s recently taken over as President of REIV (back in October last year) after being on their Board of Directors since 2014.So, when some crazy policy was announced regarding Victoria’s COVID-19 Rent Relief Package… well, let’s just say Leah spent her Easter break fighting hard for all of us….Free Resources MentionedBecome a REIV Member hereJoin PICA HEREEpisode 280 | QLD Govt Shocker: New “Renter Protection Package” Not So Protective…Chat with Antonia MercorellaLISTEN TO THE FIRST 20 EPISODES HERE >>MOORR MONEY MANAGEMENT APP: 👉 Apple: https://apple.co/3ioICGW 👉 Google Play: https://bit.ly/3OT86bW 👉 Web platform:  https://www.moorr.com.au/     FREE MASTERCLASS: - How to Build a Property Portfolio and Retire on $2,000 a week >>FREE BEST-SELLING BOOKS: - LISTEN TO THE FIRST 20 EPISODES HERE >> MOORR MONEY MANAGEMENT APP: 👉 Apple: https://apple.co/3ioICGW 👉 Google Play: https://bit.ly/3OT86bW 👉 Web platform: https://www.moorr.com.au/ FREE MASTERCLASS:- How to Build a Property Portfolio and Retire on $2,000 a week >> FREE BEST-SELLING BOOKS: - The Armchair Guide to Property Investing - Make Money Simple Again FIND US HERE: - Website - Instagram - Facebook - Youtube

There’s no doubt governments are “regulating on the run” with the current crisis on our hands. Coronavirus demands quick action… but, wow, the Queensland Government’s new “Renter Protection Package” is a SHOCKER.What’s being proposed is, ahh, let’s just say, out of step with the rest of the country and, quite frankly, seems to ignore the COVID-19 stimulus package already on offer… and leaves us landlords particularly vulnerable, especially if we have a property up in the sunny state. And we CAN’T HAVE this shocking, poorly formed policy to seep across the borders and infiltrate into other states… because it would end badly.Here to talk about these proposed amendments to the tenancy legislation (and why they’re slanted very much in favour of the tenant and can potentially damage the property industry… aka, a complete shocker!) is Antonia Mercorella, CEO of the Real Estate Institute of Queensland (REIQ).To give you an idea folks – REIQ is Queensland’s peak body in real estate, and Antonia, as well as being a solicitor, has over 16 years’ experience in the real estate and property sectors! And once you hear her passion and unshakable knowledge about her craft, you’ll quickly know why she’s been identified as one of the 20 most influential people in Queensland real estate!And, of course, you’ll hear EXACTLY what the QLD Government has proposed in their new “Renter Protection Package” and why it’s a total doozy!!Be Heard Before 22 April 2020 — EVERYONE MATTERSCLICK HERE To Support REIQ BEFORE These Proposed Changes Are In (it literally takes 1-minute folks!)Free ResourcesSupport REIQ Here (it’ll literally take you 1 minute)Become A PICA MemberLISTEN TO THE FIRST 20 EPISODES HERE >>MOORR MONEY MANAGEMENT APP: 👉 Apple: https://apple.co/3ioICGW 👉 Google Play: https://bit.ly/3OT86bW 👉 Web pLISTEN TO THE FIRST 20 EPISODES HERE >> MOORR MONEY MANAGEMENT APP: 👉 Apple: https://apple.co/3ioICGW 👉 Google Play: https://bit.ly/3OT86bW 👉 Web platform: https://www.moorr.com.au/ FREE MASTERCLASS:- How to Build a Property Portfolio and Retire on $2,000 a week >> FREE BEST-SELLING BOOKS: - The Armchair Guide to Property Investing - Make Money Simple Again FIND US HERE: - Website - Instagram - Facebook - Youtube

As a property investor, you have to master the frameworks. But during a pandemic, you have to tweak specific strategies in each framework to not just survive in this climate but thrive — now and in the future.Make no mistake… the fundamentals DO NOT change! But in a brand new world, there’s no doubt that adaptability and proactivity in regards to our Four Pillars of Mastery — Asset Selection, Borrowing Power, Cashflow Management and Defence (ABCD) — are critical and will set you up for life… provided you work with this time of self-isolation, economic upheaval and uncertainty… NOT against it!So, maximise your results and efforts during this time and you will be rewarded for it.Free ResourcesPICA’s Webinar: COVID-19 and Your InvestmentFree Book: Make Money Simple Again – Achieve Financial Peace in less than 10 minutes a monthFree Book: The Armchair Guide to Property Investing – How to retire on 2,000 per weekFree report: Our Top 5 Frameworks for Property InvestorsFree Money SMARTS Portal: TPC MyWealth PortalEpisode 153 | The Do’s and Don’ts: The Discoveries We’ve Learnt in Property Investing (PART 1)Episode 154 | The Do’s and Don’ts: The Discoveries We’ve Learnt in Property Investing (PART 2)Australian Tax Office (ATO): https://www.ato.gov.au/LISTEN TO THE FIRST 20 EPISODES HERE >> MOORR MONEY MANAGEMENT APP: 👉 Apple: https://apple.co/3ioICGW 👉 Google Play: https://bit.ly/3OT86bW 👉 Web platform: https://www.moorr.com.au/ FREE MASTERCLASS:- How to Build a Property Portfolio and Retire on $2,000 a week >> FREE BEST-SELLING BOOKS: - The Armchair Guide to Property Investing - Make Money Simple Again FIND US HERE: - Website - Instagram - Facebook - Youtube