This is why Property is so Expensive | Fat Profits Podcast Ep. 23

In this episode of Fat Profits, Corey and Jack Fouracre unpack some of the biggest changes hitting Australian property investors from tighter lending and SMSF restrictions to the risks of off-the-plan property.They get into why some investors may be paying too much, how property spruikers make their money, and what could actually be done to bring down the cost of housing.Jack also shares the story of his first property investments, including one that ultimately cost him $100,000 and the lessons he took from it.Timestamps00:00 Intro – Jack Fouracre Joins the Podcast01:38 Epstein, Conspiracies & Controversial Predictions03:18 Are Government Policies Actually Working?07:44 Macquarie's Trust Lending Changes10:34 Tighter Lending & Rental Supply13:12 The Future of SMSF Property Investing14:36 How Can Younger Investors Build Wealth?17:39 Owner-Occupiers – The Best Strategy?19:36 Combining Finances & Building Wealth Together21:10 Prenups, Property & Protecting Your Wealth22:43 Established vs Brand-New Property23:16 The Truth About Property Spruikers23:56 Are You Overpaying for Off-the-Plan?24:49 Why New Property Could Become a Problem27:10 How Would You Fix Australia's Housing Market?27:52 Referral Fees, Taxes & Construction Costs29:17 Could Removing Taxes Cut Building Costs?31:19 Jack's Property Investing Journey32:19 The $100K Property Loss 32:46 Lessons From Getting It Wrong34:10 Final Thoughts & Sponsor SegmentWork with mortgage brokers who invest themselves and have a proven track record of helping Australians build property portfolios. Book your Initial Discovery Session here: ⁠https://sites.ludicrous.cloud.sourcefinancial.com.au/investors-surveyThis podcast is provided by Source Finance Pty Ltd (ACL 539456) & TGM Accounting Pty Ltd. The information discussed is general information only and does not constitute personal financial, taxation, credit or legal advice. Before making any financial decision, you should consider your own circumstances and seek advice from appropriately qualified professionals. Corey Goldby is an Authorised Credit Representative (CRN 502276) of Source Finance Pty Ltd (ACN 657 912 868). Australian Credit Licence 539456.Ben Perren is an Authorised Credit Representative (CRN 553223) of Source Finance Pty Ltd (ACN 657 912 868). Australian Credit Licence 539456.