Ep.168 | Q&A on What % of your Income should you Spend, Borderless Investing and Smart Money Management Tips
Summary: It’s our favourite day of the month folks… Q & A Day!!!<br> And we’re covering quite a bit in a short & sweet amount of time today— including AN EXCLUSIVE ANNOUNCEMENT for our Couch listeners!!! (As it so happens, this was dropped with, “Yeah, go on, let’s tell ‘em” and a nod of the head… so an absolute scoop.)<br> Not only that, but also we answer 3 solid questions, thanks to the legends who <a href="http://thepropertycouch.com.au/topics/">leave us a SpeakPipe voicemail message</a> (remember: we prioritise your Q if you do this too)!<br> But back to today’s episode — if you want to know what we think of investing in Hobart, and down in good ol’ Tassy in general (it’s been getting a bit of attention from a fair few property investors), OR you want to find out if now’s the time to invest in Perth … tune in.<br> But 100% TUNE IN if you’re keen to <a href="http://thepropertycouch.com.au/the-money-smarts-system-cheat-sheet/">get on top of your Money SMARTS</a> — we give you a rough rule of thumb for the amount of income you should allocate to your spending habits ie. How much you should spend on Bills, Living and Lifestyle and your Loan/s!!<br> <br> The Q’s we’re answering are:<br> <br> Question about investing in Perth vs Melbourne from David:<br> Good morning Ben, Bryce & The Stig,<br> I’m a keen Property Couch listener and thank you for your time generously sharing all your knowledge — it’s much appreciated. Just about myself, specifically: I’m a property investor with 3 properties — 2 in Perth, one in Brisbane. I’m a medical specialist with a good income and I’m looking to go again. I have a 900K pre-approval and looking at either Perth or Melbourne through a <a href="http://thepropertycouch.com.au/ep-018-what-is-a-buyers-agent/">Buyers Agent</a>. Clearly the Buyers Agent have biases… the Perth guy things Melbourne is a terrible place to Invest and the Melbourne guy thinks Perth is a terrible place to invest. If you had 900K, you wanted to go now and are <a href="http://thepropertycouch.com.au/ep77-right-strategy-right-market-right-time/">a Buy and Hold investor</a> that lines up with your ideas around <a href="http://thepropertycouch.com.au/ep123-owner-occupier-appeal/">a good quality growth asset</a>, what would you do?<br><br> Thanks very much & come on the Dockers!<br> <br> Question about <a href="http://thepropertycouch.com.au/episode-003-four-pillars-of-mastery-cash-flow-management/">Money Management Habits</a> from Nerida:<br> What percentage of my income should be allocated to <a href="http://thepropertycouch.com.au/ep-53-money-smarts-system/">living and lifestyle account, primary account and payments account?</a><br> <br> Question about investing in Tasmania from Stuart:<br> Hey guys, I just wanted to get your opinion on whether you’re focusing your attention on <a href="http://thepropertycouch.com.au/ep156-property-outlook-2018-tim-lawless/">Tasmania</a>? The reason for that question is I was just on a work trip to Tasmania last week, and there was a lot of commentary on the radio about shortage of supply in rental accommodation; even talk of people living in tents. I didn’t really get full across it … but something to do with legislation taking a long time to release land or planning approvals taking a long time, so bureaucracy essentially. I just wondered if any of this <a href="http://thepropertycouch.com.au/ep125-part-1-picking-the-next-hotspot-jeremy-sheppard/">shortage of supply means</a> your Buyers Agents were looking a little more closely at Tasmania, certainly on Hobart … I’m not sure whether somewhere like Launceston comes into that. But yeah, really interested in your take on what’s going on in Tasmania at the moment, especially <a href="http://thepropertycouch.com.au/beginners-guide-to-property-investment-in-australia-webinar/">people looking to make an investment entry</a>...
