In this episode, we picked the brains of Mike Mortlock. Mike is the managing director of MCG Quantity Surveyors which was recently recognized as Australia's fastest growing quantity surveying firm by the Australian Financial Review Fast 100. MCG was the first quantity surveying firm to publish real data on the average deductions for property investors.

We had a very revealing chat with Mike about:
Tiny details investors need to understand that trigger paying more tax.
Why, if you purchase a property off the plan, it's worthwhile getting a building compliance inspection to identify defects.
How data on units sold off the plan, in a number of capital cities, is proving they are not great candidates for capital growth.
Why we need to be very skeptical of media spruikers and take time on due diligence, especially given 38% of investors buy new property!
Why housing affordability is going to be a national concern because rental yields have been increasing.
How good advice from an accountant who understands property , an investment savvy broker, a strategic financial planner and a good conveyancer will save you in the long term.

Mike’s website:https://www.mcgqs.com.au/

Data findings & free giveaway:www.mcgqs.com.au/elephantintheroom

Episodes mentioned:Episode 45 - Noel Whittaker, Good advice doesn’t cost it pays!

Episode 46 - Lorna Patten, What causes wishful thinking and why does it cost us so much?Episode 47 - Bryce Holdaway, What does the ultimate property spruiker look like and are they all bad?

Episode 51 - Cameron MacQueen, What’s in property development for Chinese investors

Download the transcript:

www.thelephantintheroom.com.au/podcasts060

Work with Veronica? info@gooddeeds.com.au

Work with Chris? hello@wealthful.com.au

In this episode, we picked the brains of Mike Mortlock. Mike is the managing director of MCG Quantity Surveyors which was recently recognized as Australia's fastest growing quantity surveying firm by the Australian Financial Review Fast 100. MCG was the first quantity surveying firm to publish real data on the average deductions for property investors. We had a very revealing chat with Mike about: <ul> <li style="font-weight: 400;">Tiny details investors need to understand that trigger paying more tax.</li> <li style="font-weight: 400;">Why, if you purchase a property off the plan, it's worthwhile getting a building compliance inspection to identify defects.</li> <li style="font-weight: 400;">How data on units sold off the plan, in a number of capital cities, is proving they are not great candidates for capital growth.</li> <li style="font-weight: 400;">Why we need to be very skeptical of media spruikers and take time on due diligence, especially given 38% of investors buy new property!</li> <li style="font-weight: 400;">Why housing affordability is going to be a national concern because rental yields have been increasing.</li> <li style="font-weight: 400;">How good advice from an accountant who understands property , an investment savvy broker, a strategic financial planner and a good conveyancer will save you in the long term.</li> </ul> Mike’s website:<a href="https://www.mcgqs.com.au/">https://www.mcgqs.com.au/</a> Data findings & free giveaway:<a href="http://www.mcgqs.com.au/elephantintheroom">www.mcgqs.com.au/elephantintheroom</a> Episodes mentioned:<a href="https://www.theelephantintheroom.com.au/podcasts/045">Episode 45 - Noel Whittaker, Good advice doesn’t cost it pays!</a> <a href="https://www.theelephantintheroom.com.au/podcasts/046">Episode 46 - Lorna Patten, What causes wishful thinking and why does it cost us so much?</a><a href="https://www.theelephantintheroom.com.au/podcasts/047">Episode 47 - Bryce Holdaway, What does the ultimate property spruiker look like and are they all bad?</a> <a href="https://www.theelephantintheroom.com.au/podcasts/051">Episode 51 - Cameron MacQueen, What’s in property development for Chinese investors</a> Download the transcript: <a href="http://www.thelephantintheroom.com.au/podcasts0XX">www.thelephantintheroom.com.au/podcasts060</a> Work with Veronica? <a href="mailto:info@gooddeeds.com.au">info@gooddeeds.com.au</a> Work with Chris? <a href="mailto:hello@wealthful.com.au">hello@wealthful.com.au</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

Depreciation schedule lowdown & how to maximise your investment return.

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