Australia just banned SMSFs from borrowing to buy residential property, and Dan says the government admitted it had done no financial modelling on what that would do to housing supply.
In episode 5 of the No BS Property Show, buyer's agents Daniel Beardall and Josh Yun get fired up about a government making decisions nobody voted for, while families feel the squeeze and a single day in August set a record for business insolvencies. Then they show why, for the people who know how to play it, this market is creating some of the best deals they've ever seen.
In this episode, they explain:
→ Why Josh says "the government are our employees", and why Dan calls it "the furthest thing from a democracy"
→ The SMSF lending ban, and why 30 to 40% of some of the country's biggest developers' pre-sales were SMSF buyers
→ Why Australia is likely heading for two years of negative growth in a row, a first in 40 years
→ The Albanese HECS skit Josh calls "so tone deaf" while families are struggling
→ How they're making more money this year in a falling market than they did in a rising one
→ The two deals this year with $770K and $800K+ of instant equity on purchase
→ The formula they use to succeed in any market, whether it's going up, down or sideways
If you're angry about where the market is heading, this is the episode that turns it into a plan.
The government keeps changing the rules. The four points Dan and Josh use to pick a property that makes money without relying on the market don't change.
Dan walks through them in this episode, and the free guide has all four with real deals scored against them: https://go.bothsides.au/score
Follow Josh:
◼️ Instagram - https://www.instagram.com/thejoshyun/
Bothsides:
◼️ The weekly email - https://bothsides.au
◼️ Dan - https://www.instagram.com/daniel_beardall/
◼️ Watch on YouTube - https://www.youtube.com/@bothsidespodcast
General information only. Not financial, tax, legal or credit advice. Bothsides is not a mortgage broker or credit provider.
