Welcoming back Brendan Coates to discuss the implications of the government plan for home buyers to access super to assist in purchasing property. Brendan is the Household Finance Program Director at the Grattan institute, he has focused on a wide variety of topics including tax reform, housing and superannuation. In this episode the team and Brendan discuss the implications of accessing super and that if putting your super towards a property purchase will get you ahead or put you behind?Here’s what we covered:
What has the biggest impact on retirement - owning home or superannuation?
What is not working for the system currently?
How have first home buyers struggled in the past 30 years?
Why should people stop and think before taking out super?
If people do access super, what kind of property will they get pushed into?
What would make taking out super a very bad idea?
What is the appropriate level of super contributions?
Is this super scheme for the people or for the tax revenue?
What does the forecasted return look like in 30 years/?

RELEVANT EPISODES:Episode 124 | Brendan CoatesEpisode 89 | Brendan Coates

GUEST LINKS:Article 1: Australia needs new-generation thinking on retirement incomesArticle 2: 5 key takeaways from the Retirement Income Review’Article 3: Five reasons the Turnbull Government should not allow superannuation to be spent on a homeArticle 4: The latest ideas to use super to buy homes are still bad ideas

HOST LINKS:Looking for a Sydney Buyers Agent? www.gooddeeds.com.au Work with Veronica: https://linktr.ee/veronicamorgan

Looking for a Mortgage Broker? www.wealthful.com.au Work with Chris: hello@wealthful.com.au

Send in your questions to: questions@theelephantintheroom.com.au

EPISODE TRANSCRIPT: Please note that this has been transcribed by half-human-half-robot, so brace yourself for typos and the odd bit of weirdness…This episode was recorded in November, 2020.

https://www.theelephantintheroom.com.au/podcasts/153

Welcoming back Brendan Coates to discuss the implications of the government plan for home buyers to access super to assist in purchasing property. Brendan is the Household Finance Program Director at the Grattan institute, he has focused on a wide variety of topics including tax reform, housing and superannuation. In this episode the team and Brendan discuss the implications of accessing super and that if putting your super towards a property purchase will get you ahead or put you behind?Here’s what we covered: <ul> <li style="font-weight: 400;">What has the biggest impact on retirement - owning home or superannuation?</li> <li style="font-weight: 400;">What is not working for the system currently?</li> <li style="font-weight: 400;">How have first home buyers struggled in the past 30 years?</li> <li style="font-weight: 400;">Why should people stop and think before taking out super?</li> <li style="font-weight: 400;">If people do access super, what kind of property will they get pushed into?</li> <li style="font-weight: 400;">What would make taking out super a very bad idea?</li> <li style="font-weight: 400;">What is the appropriate level of super contributions?</li> <li style="font-weight: 400;">Is this super scheme for the people or for the tax revenue?</li> <li style="font-weight: 400;">What does the forecasted return look like in 30 years/?</li> </ul> RELEVANT EPISODES:<a href="https://www.theelephantintheroom.com.au/podcasts/124" target="_blank" rel="noopener">Episode 124 | Brendan Coates</a> <a href="https://www.theelephantintheroom.com.au/podcasts/089" target="_blank" rel="noopener">Episode 89 | Brendan Coates</a> GUEST LINKS:<a href="https://grattan.edu.au/news/australia-needs-new-generation-thinking-on-retirement-incomes/" target="_blank" rel="noopener">Article 1: Australia needs new-generation thinking on retirement incomes</a> <a href="https://grattan.edu.au/news/5-key-takeaways-from-the-retirement-income-review/" target="_blank" rel="noopener">Article 2: 5 key takeaways from the Retirement Income Review</a>’<a href="https://www.abc.net.au/news/2015-09-30/five-reasons-not-to-use-super-to-buy-homes-conversation/6815014" target="_blank" rel="noopener">Article 3: Five reasons the Turnbull Government should not allow superannuation to be spent on a home</a> <a href="https://theconversation.com/the-latest-ideas-to-use-super-to-buy-homes-are-still-bad-ideas-74841" target="_blank" rel="noopener">Article 4: The latest ideas to use super to buy homes are still bad ideas</a> HOST LINKS:Looking for a Sydney Buyers Agent? <a href="http://www.gooddeeds.com.au" target="_blank" rel="noopener">www.gooddeeds.com.au</a> Work with Veronica: <a href="https://linktr.ee/veronicamorgan" target="_blank" rel="noopener">https://linktr.ee/veronicamorgan</a> Looking for a Mortgage Broker? <a href="https://www.wealthful.com.au/" target="_blank" rel="noopener">www.wealthful.com.au</a> Work with Chris: <a href="mailto:hello@wealthful.com.au" target="_blank" rel="noopener">hello@wealthful.com.au</a> Send in your questions to: <a href="mailto:questions@theelephantintheroom.com.au" target="_blank" rel="noopener">questions@theelephantintheroom.com.au</a> EPISODE TRANSCRIPT: Please note that this has been transcribed by half-human-half-robot, so brace yourself for typos and the odd bit of weirdness…This episode was recorded in November, 2020. <a href="https://www.theelephantintheroom.com.au/podcasts/153" target="_blank" rel="noopener">https://www.theelephantintheroom.com.au/podcasts/153</a>

Who's really in control when you buy a property?

The Elephant In The Room is where the things that no one wants to talk about, actually get talked about.  

Veronica Morgan, real estate agent, buyers agent and co-host of Foxtel’s Location Location Location Australia & Chris Bates, financial planner, mortgage broker and wealth coach have joined forces to find out what’s really going on in the world of real estate.

Veronica and Chris talk to property owners and buyers every day in their respective lines of business. They’ve observed a wide spectrum of confidence in people’s decision making ability when buying and selling property, often to the detriment of the individuals concerned. They are both fascinated by consumer behaviour and together they’re going to uncover who’s really making the decisions when you buy a property.

In each episode they get into the psyche of buyers, agents, auctioneers and other industry experts to learn the truth about how buyers are influenced and why they do the things they do. In every episode you’ll learn from the mistakes of a “property dumbo” as well as Chris & Veronica’s “elephant rider bootcamp” training session.

The plan? This property podcast has been created to help us all make better property decisions!

We talk about the things no one wants to talk about in the Property Market

The Elephant In The Room Property Podcast | Inside Australian Real Estate

Accessing super for home buyers, is this their golden ticket or retirement nightmare?

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