this is property

Our special guest for this ep is none other than Emily's dad, Matthew Wallace! He joins John and Emily to unpack the fundamentals of buying commercial property and shares some great insights into the market. Matthew has a wealth of knowledge and experience in this space and they touch on a lot of info in this episode, including:👉🏽the type of tenant, location, vacancy rates, lease terms and costs associated with buying a commercial property👉returns and vacancy rates are impacted by the demand of the tenant's industry, for example a retail business vs an industrial business👉🏿how much deposit is needed to purchase a commercial property and what are the loan interest rates like?👉🏻what commercial property spaces are performing well and growing👉🏾what key things would a buyer look for in a commercial space that is suited to a service-based business👉what might an investor who's looking to step into the commercial market need to consider to get started👉🏼a case study of a purchase Matthew helped to facilitate👉🏿when a fit out is required, is the tenant or landlord responsible?If you have more questions that you want to hear discussed on commercial property, let us know in the m3 Facebook group with #property and #commercial: facebook.com/groups/mymillennialmoneyCheck out The Glen James Spending Plan and use coupon code "m3p" to save $20: https://www.mymillennial.money/spending-planTake a look at John’s Solvere Online Academy and Emily’s online course (The Buying Coach) at the link below.For podcast resources, links to our stuff, disclaimers & warnings about this episode + more... check out: mymillennial.money/m3pshownotes🛑 This podcast is for education and entertainment purposes. It is not intended as a substitute for professional financial, tax or legal advice. Any advice is general financial advice only which does not take into account your objectives, financial situation or needs. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. If you do choose to buy a financial product read the product disclosure statement and obtain appropriate financial advice tailored to your needs. We may discuss products, services and answer listener questions on this video for entertainment & illustration purposes only. We may change the name of the questioner for anonymity. It is impossible to give you personal advice on an entertainment podcast as we do not know the details of your personal financial situation. While we do our best to provide accurate information, we accept no responsibility for any inaccuracies that may be communicated in this podcast. SYMO interactive Pty Ltd, the publisher of the podcast, is an authorised representative of MoneySherpa Pty Ltd which holds financial services licence 451289. Please read our Financial Services Guide located at mymillennial.money. This podcast is intended for residents of Australia.We acknowledge the darkinjung people, Traditional Custodians of the land on which our studio sits, and pay respects to their Elders past and present. We extend that respect to Aboriginal and Torres Strait Islander peoples who may listen to our podcast. Hosted on Acast. See acast.com/privacy for more information.

John and Emily are continuing on with answering more 'this vs that' scenarios from the m3 community. In this episode they discuss, would you rather...👉🏾buy a house or use the money to get married?👉a modest home and an investment property or your dream home though it has a larger debt?👉🏻the best house on the worst street or the worst house on the best street? Classic!👉🏽buy at the top of your budget right now or wait 8-10 years for a “better time”👉🏿build up or built out?👉🏼a freehold, crap house in an average location or a nice apartment in a good location BUT the main bedroom shares the same wall as the bedroom next door and the neighbours are very loud at random hours of the day or night 🙊 (oh and also you must stay there for 10 years lol)👉a house with character or a house that's bigger in size👉🏾a really nice house with lousy furniture/appliances or a standard house with state of the art appliances?👉🏻use $20k to make your home more energy efficient or to add an extension which includes an ensuite and indoor/outdoor space?👉🏿renovate before you move in or wait 1-2 years?Haven't listened to part 1? Listen here: https://player.whooshkaa.com/episode?id=914667Here’s the episode on solar that Em mentioned: https://player.whooshkaa.com/episode?id=909443Check out The Glen James Spending Plan and use coupon code "m3p" to save $20: https://www.mymillennial.money/spending-planSend us your questions! Use #property or #firsthomebuyer in the m3 Facebook group: facebook.com/groups/mymillennialmoneyTake a look at John’s Solvere Online Academy and Emily’s online course (The Buying Coach) at the link below.For podcast resources, links to our stuff, disclaimers & warnings about this episode + more... check out: mymillennial.money/m3pshownotes🛑 This podcast is for education and entertainment purposes. It is not intended as a substitute for professional financial, tax or legal advice. Any advice is general financial advice only which does not take into account your objectives, financial situation or needs. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. If you do choose to buy a financial product read the product disclosure statement and obtain appropriate financial advice tailored to your needs. We may discuss products, services and answer listener questions on this video for entertainment & illustration purposes only. We may change the name of the questioner for anonymity. It is impossible to give you personal advice on an entertainment podcast as we do not know the details of your personal financial situation. While we do our best to provide accurate information, we accept no responsibility for any inaccuracies that may be communicated in this podcast. SYMO interactive Pty Ltd, the publisher of the podcast, is an authorised representative of MoneySherpa Pty Ltd which holds financial services licence 451289. Please read our Financial Services Guide located at mymillennial.money. This podcast is intended for residents of Australia.We acknowledge the darkinjung people, Traditional Custodians of the land on which our studio sits, and pay respects to their Elders past and present. We extend that respect to Aboriginal and Torres Strait Islander peoples who may listen to our podcast. Hosted on Acast. See acast.com/privacy for more information.

This or that, which would you pick? We asked the m3 community for some fun scenarios and got so many that we had to split this into two parts! Emily and John answer, would you rather:👉🏽live in your dream home and work an extra 10 years to pay for it or buy cheaper and retire earlier?👉a crap neighbour and pretty house or normal neighbour and a less pretty house?👉🏿a house with a dishwasher or a house with air con?👉🏻a garden or a balcony?👉🏽a small house in a prime location or big house in a not so prime location yet?👉🏼a house with not much natural light or a house with lots of natural light but needing to put up with seeing an ugly naked man regularly in the building opposite you? 😂👉a brick or weatherboard house?👉🏿live with your parents/in-laws and save for a house deposit faster or rent and save slower?👉🏻cookies & cream or choc mint? awww yeah👉🏽putting your house deposit in a high interest savings account, term deposit or the share market?Join the conversation and send us your questions! Use #property or #firsthomebuyer in the m3 Facebook group: facebook.com/groups/mymillennialmoneyCheck out The Glen James Spending Plan and use coupon code "m3p" to save $20: https://www.mymillennial.money/spending-planTake a look at John’s Solvere Online Academy and Emily’s online course (The Buying Coach) at the link below.For podcast resources, links to our stuff, disclaimers & warnings about this episode + more... check out: mymillennial.money/m3pshownotes🛑 This podcast is for education and entertainment purposes. It is not intended as a substitute for professional financial, tax or legal advice. Any advice is general financial advice only which does not take into account your objectives, financial situation or needs. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. If you do choose to buy a financial product read the product disclosure statement and obtain appropriate financial advice tailored to your needs. We may discuss products, services and answer listener questions on this video for entertainment & illustration purposes only. We may change the name of the questioner for anonymity. It is impossible to give you personal advice on an entertainment podcast as we do not know the details of your personal financial situation. While we do our best to provide accurate information, we accept no responsibility for any inaccuracies that may be communicated in this podcast. SYMO interactive Pty Ltd, the publisher of the podcast, is an authorised representative of MoneySherpa Pty Ltd which holds financial services licence 451289. Please read our Financial Services Guide located at mymillennial.money. This podcast is intended for residents of Australia.We acknowledge the darkinjung people, Traditional Custodians of the land on which our studio sits, and pay respects to their Elders past and present. We extend that respect to Aboriginal and Torres Strait Islander peoples who may listen to our podcast. Hosted on Acast. See acast.com/privacy for more information.

Matt Frawley is a pro NRL player for the Canberra Raiders and an avid listener of the show! He joins John and Emily on the podcast to share his money story, life as a professional footy player, buying property in Canberra and aspirations for getting into a career in property post-footy career.Keen to hear about fixed and variable loans? Check out episode 333: https://player.whooshkaa.com/episode?id=896757Check out The Glen James Spending Plan and use coupon code "m3p" to save $20: https://www.mymillennial.money/spending-planChat with John and Emily! Use #property or #firsthomebuyer in the m3 Facebook group: facebook.com/groups/mymillennialmoneyTake a look at John’s Solvere Online Academy and Emily’s online course (The Buying Coach) at the link below.For podcast resources, links to our stuff, disclaimers & warnings about this episode + more... check out: mymillennial.money/m3pshownotes🛑 This podcast is for education and entertainment purposes. It is not intended as a substitute for professional financial, tax or legal advice. Any advice is general financial advice only which does not take into account your objectives, financial situation or needs. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. If you do choose to buy a financial product read the product disclosure statement and obtain appropriate financial advice tailored to your needs. We may discuss products, services and answer listener questions on this video for entertainment & illustration purposes only. We may change the name of the questioner for anonymity. It is impossible to give you personal advice on an entertainment podcast as we do not know the details of your personal financial situation. While we do our best to provide accurate information, we accept no responsibility for any inaccuracies that may be communicated in this podcast. SYMO interactive Pty Ltd, the publisher of the podcast, is an authorised representative of MoneySherpa Pty Ltd which holds financial services licence 451289. Please read our Financial Services Guide located at mymillennial.money. This podcast is intended for residents of Australia.We acknowledge the darkinjung people, Traditional Custodians of the land on which our studio sits, and pay respects to their Elders past and present. We extend that respect to Aboriginal and Torres Strait Islander peoples who may listen to our podcast. Hosted on Acast. See acast.com/privacy for more information.

Here it is, the long requested episode on solar! There's been a ton of interest on this topic in our community so we are fortunate to have Richard from United Solar Energy joining John and Emily to answer all our burning questions. Here's what they chat about:👉🏾why solar is becoming more and more of a hot topic in recent times👉the benefits of solar installation in Australia for home owners and rental property owners - seeing pay back over a short period of time, affordability and average daily savings of 50-80% of electricity costs, pretty amazing!👉🏻what to look for in a house if you are planning to buy and install solar down the track👉🏿how do I know if my old roof can withstand solar panels?👉🏼the importance of research and asking the right questions to your energy consultant to maximise your benefit from solar👉🏽a case study of the kinds of costs and returns you could expect👉the discussion that solar doesn't produce enough ROI because of the low return from selling your energy to the grid👉🏾do you generate more solar energy depending on how much sunlight your area gets?👉🏻can you get solar to heat your pool?Learn more about United Solar Energy: https://unitedsolarenergy.com.au/Check out The Glen James Spending Plan and use coupon code "m3p" to save $20: https://www.mymillennial.money/spending-planSend us your questions! Use #property or #firsthomebuyer in the m3 Facebook group: facebook.com/groups/mymillennialmoneyTake a look at John’s Solvere Online Academy and Emily’s online course (The Buying Coach) at the link below.For podcast resources, links to our stuff, disclaimers & warnings about this episode + more... check out: mymillennial.money/m3pshownotes🛑 This podcast is for education and entertainment purposes. It is not intended as a substitute for professional financial, tax or legal advice. Any advice is general financial advice only which does not take into account your objectives, financial situation or needs. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. If you do choose to buy a financial product read the product disclosure statement and obtain appropriate financial advice tailored to your needs. We may discuss products, services and answer listener questions on this video for entertainment & illustration purposes only. We may change the name of the questioner for anonymity. It is impossible to give you personal advice on an entertainment podcast as we do not know the details of your personal financial situation. While we do our best to provide accurate information, we accept no responsibility for any inaccuracies that may be communicated in this podcast. SYMO interactive Pty Ltd, the publisher of the podcast, is an authorised representative of MoneySherpa Pty Ltd which holds financial services licence 451289. Please read our Financial Services Guide located at mymillennial.money. This podcast is intended for residents of Australia.We acknowledge the darkinjung people, Traditional Custodians of the land on which our studio sits, and pay respects to their Elders past and present. We extend that respect to Aboriginal and Torres Strait Islander peoples who may listen to our podcast. Hosted on Acast. See acast.com/privacy for more information.

Emily and John answer questions posted by Claire, Chelsea and Courteney in the m3 Facebook group!Check out some of the episodes mentioned in the chat: Ep 251 alternative ways to find properties: https://player.whooshkaa.com/episode?id=772520Ep 319 new regulation for short-term rental accomodation (STRA) in NSW: https://player.whooshkaa.com/episode?id=832032Ep 330 on choosing home size: https://player.whooshkaa.com/episode?id=888369Ep 327 on deciding whether to buy regional vs city: https://player.whooshkaa.com/episode?id=853885Check out The Glen James Spending Plan and use coupon code "m3p" to save $20: https://www.mymillennial.money/spending-planSend us your questions! Use #property or #firsthomebuyer in the m3 Facebook group: facebook.com/groups/mymillennialmoneyTake a look at John’s Solvere Online Academy and Emily’s online course (The Buying Coach) at the link below.For podcast resources, links to our stuff, disclaimers & warnings about this episode + more... check out: mymillennial.money/m3pshownotes🛑 This podcast is for education and entertainment purposes. It is not intended as a substitute for professional financial, tax or legal advice. Any advice is general financial advice only which does not take into account your objectives, financial situation or needs. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. If you do choose to buy a financial product read the product disclosure statement and obtain appropriate financial advice tailored to your needs. We may discuss products, services and answer listener questions on this video for entertainment & illustration purposes only. We may change the name of the questioner for anonymity. It is impossible to give you personal advice on an entertainment podcast as we do not know the details of your personal financial situation. While we do our best to provide accurate information, we accept no responsibility for any inaccuracies that may be communicated in this podcast. SYMO interactive Pty Ltd, the publisher of the podcast, is an authorised representative of MoneySherpa Pty Ltd which holds financial services licence 451289. Please read our Financial Services Guide located at mymillennial.money. This podcast is intended for residents of Australia.We acknowledge the darkinjung people, Traditional Custodians of the land on which our studio sits, and pay respects to their Elders past and present. We extend that respect to Aboriginal and Torres Strait Islander peoples who may listen to our podcast. Hosted on Acast. See acast.com/privacy for more information.

More questions, more answers! Emily and John discuss:👉is land banking a worthy investment?👉🏻how do I know when to cut my losses on a bad investment property purchase?👉🏾what insurances should I look out for when buying into a body corp or strata arrangement?👉🏽what does 'doing due diligence before you buy' actually mean?👉🏿should I buy commercial property?👉🏼how can I increase my serviceability when I’m on a lower wage?👉plus Emily shares a personal property winHere’s the episode on what to look out for in a property before you buy: https://player.whooshkaa.com/episode?id=845722Take a listen to our sister podcast for tips on how to increase your salary: https://player.whooshkaa.com/shows/my-millennial-careerCheck out The Glen James Spending Plan and use coupon code "m3p" to save $20: https://www.mymillennial.money/spending-planChat with us! Use #property or #firsthomebuyer in the m3 Facebook group: facebook.com/groups/mymillennialmoneyTake a look at John’s Solvere Online Academy and Emily’s online course (The Buying Coach) at the link below.For podcast resources, links to our stuff, disclaimers & warnings about this episode + more... check out: mymillennial.money/m3pshownotes🛑 This podcast is for education and entertainment purposes. It is not intended as a substitute for professional financial, tax or legal advice. Any advice is general financial advice only which does not take into account your objectives, financial situation or needs. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. If you do choose to buy a financial product read the product disclosure statement and obtain appropriate financial advice tailored to your needs. We may discuss products, services and answer listener questions on this video for entertainment & illustration purposes only. We may change the name of the questioner for anonymity. It is impossible to give you personal advice on an entertainment podcast as we do not know the details of your personal financial situation. While we do our best to provide accurate information, we accept no responsibility for any inaccuracies that may be communicated in this podcast. SYMO interactive Pty Ltd, the publisher of the podcast, is an authorised representative of MoneySherpa Pty Ltd which holds financial services licence 451289. Please read our Financial Services Guide located at mymillennial.money. This podcast is intended for residents of Australia.We acknowledge the darkinjung people, Traditional Custodians of the land on which our studio sits, and pay respects to their Elders past and present. We extend that respect to Aboriginal and Torres Strait Islander peoples who may listen to our podcast. Hosted on Acast. See acast.com/privacy for more information.

Emily and John answer some great questions from the m3 community! They chat about: 👉🏾how do I use equity from my property to buy another one? What’s the difference between using cash vs equity as a deposit? 👉how do I get a valuation done on my house? 👉🏿does getting multiple valuations impact my credit score or ability to get finance? 👉🏻is it better to have the majority of your debt against an investment property rather than your PPOR for negative gearing? 👉🏼is it better to have a townhouse instead of a house on land in order to pay less land tax? 👉🏿should I buy my own home or rentvest? 👉🏾how do I research areas to buy an investment property in with relation to rental yield? How to calculate gross rental yield: Step 1: Multiply the weekly rent by 52 to get the annual rent Step 2: Divide the annual rent by the property purchase price Step 3: Multiply that figure by 100 to get the percentage of the gross rental yield Here’s the episode Emily mentioned which touches on interest only vs principal and interest loan repayments: https://player.whooshkaa.com/episode?id=896757Here's the link for SQM Research: https://sqmresearch.com.auCheck out The Glen James Spending Plan and use coupon code "m3p" to save $20: https://www.mymillennial.money/spending-planSend us your questions! Use #property or #firsthomebuyer in the m3 Facebook group facebook.com/groups/mymillennialmoneyTake a look at John’s Solvere Online Academy and Emily’s online course (The Buying Coach) at the link below.For podcast resources, links to our stuff, disclaimers & warnings about this episode + more... check out: mymillennial.money/m3pshownotes🛑 This podcast is for education and entertainment purposes. It is not intended as a substitute for professional financial, tax or legal advice. Any advice is general financial advice only which does not take into account your objectives, financial situation or needs. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. If you do choose to buy a financial product read the product disclosure statement and obtain appropriate financial advice tailored to your needs. We may discuss products, services and answer listener questions on this video for entertainment & illustration purposes only. We may change the name of the questioner for anonymity. It is impossible to give you personal advice on an entertainment podcast as we do not know the details of your personal financial situation. While we do our best to provide accurate information, we accept no responsibility for any inaccuracies that may be communicated in this podcast. SYMO interactive Pty Ltd, the publisher of the podcast, is an authorised representative of MoneySherpa Pty Ltd which holds financial services licence 451289. Please read our Financial Services Guide located at mymillennial.money. This podcast is intended for residents of Australia.We acknowledge the darkinjung people, Traditional Custodians of the land on which our studio sits, and pay respects to their Elders past and present. We extend that respect to Aboriginal and Torres Strait Islander peoples who may listen to our podcast. Hosted on Acast. See acast.com/privacy for more information.

We're talking about loans and answering your FAQs! Mortgage broker, Rachelle Kroon from Sphere Finance, joins Emily and John for this chat. They touch on:👉why would someone go to a mortgage broker instead of a bank for their finance?👉🏾should I choose a fixed or variable loan rate and what are the pros and cons of each?👉🏼what’s the difference between an offset account and redraw facility + how do they work and do you need one?👉🏽getting into the market (potentially sooner) with a parental guarantee: how it works, can you use one for an investment property and can you use them more than once?👉🏻should I go with interest only or principal and interest for my loan repayments on my home or investment property?Check out The Glen James Spending Plan and use coupon code "m3p" to save $20: https://education.mymillennial.money/courses/the-glen-james-spending-planSend us your questions! Use #property or #firsthomebuyer in the m3 Facebook group: facebook.com/groups/mymillennialmoneyTake a look at John’s Solvere Online Academy and Emily’s online course (The Buying Coach) at the link below.For podcast resources, links to our stuff, disclaimers & warnings about this episode + more... check out: mymillennial.money/m3pshownotes🛑 This podcast is for education and entertainment purposes. It is not intended as a substitute for professional financial, tax or legal advice. Any advice is general financial advice only which does not take into account your objectives, financial situation or needs. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. If you do choose to buy a financial product read the product disclosure statement and obtain appropriate financial advice tailored to your needs. We may discuss products, services and answer listener questions on this video for entertainment & illustration purposes only. We may change the name of the questioner for anonymity. It is impossible to give you personal advice on an entertainment podcast as we do not know the details of your personal financial situation. While we do our best to provide accurate information, we accept no responsibility for any inaccuracies that may be communicated in this podcast. SYMO interactive Pty Ltd, the publisher of the podcast, is an authorised representative of MoneySherpa Pty Ltd which holds financial services licence 451289. Please read our Financial Services Guide located at mymillennial.money. This podcast is intended for residents of Australia.We acknowledge the darkinjung people, Traditional Custodians of the land on which our studio sits, and pay respects to their Elders past and present. We extend that respect to Aboriginal and Torres Strait Islander peoples who may listen to our podcast. Hosted on Acast. See acast.com/privacy for more information.

John and Emily talk property with former AFL player for the Brisbane Lions and Brownlow Medallist, Jason Akermanis aka Aker! The chat touches on Jason's move into real estate and his insights on the current market, including:👉what Jason’s been up to since retiring from his footy career and his journey into auctioneering and real estate👉🏻the shifting mentality he’s noticed towards auctions in recent times within the Brisbane market👉🏿stock shortage and oversupply👉🏾tips for choosing a real estate agent that’s right for you👉🏽tips for first time buyers looking to get into a hot marketConnect with Jason on FB: https://www.facebook.com/Akerproperties and Insta: https://www.instagram.com/jason_akermanis_propertiesCheck out The Glen James Spending Plan and use coupon code "m3p" to save $20: https://education.mymillennial.money/courses/the-glen-james-spending-planSend us your questions! Use #property or #firsthomebuyer in the m3 Facebook group: facebook.com/groups/mymillennialmoneyTake a look at John’s Solvere Online Academy and Emily’s online course (The Buying Coach) at the link below.For podcast resources, links to our stuff, disclaimers & warnings about this episode + more... check out: mymillennial.money/m3pshownotes🛑 This podcast is for education and entertainment purposes. It is not intended as a substitute for professional financial, tax or legal advice. Any advice is general financial advice only which does not take into account your objectives, financial situation or needs. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. If you do choose to buy a financial product read the product disclosure statement and obtain appropriate financial advice tailored to your needs. We may discuss products, services and answer listener questions on this video for entertainment & illustration purposes only. We may change the name of the questioner for anonymity. It is impossible to give you personal advice on an entertainment podcast as we do not know the details of your personal financial situation. While we do our best to provide accurate information, we accept no responsibility for any inaccuracies that may be communicated in this podcast. SYMO interactive Pty Ltd, the publisher of the podcast, is an authorised representative of MoneySherpa Pty Ltd which holds financial services licence 451289. Please read our Financial Services Guide located at mymillennial.money. This podcast is intended for residents of Australia.We acknowledge the darkinjung people, Traditional Custodians of the land on which our studio sits, and pay respects to their Elders past and present. We extend that respect to Aboriginal and Torres Strait Islander peoples who may listen to our podcast. Hosted on Acast. See acast.com/privacy for more information.