Chris Bates

speaker

1,659 appearances 5 recordings 1 series first heard Jun 2021 last heard Dec 2022

Chris Bates’s voice in public audio — every appearance, attributed to the second.

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Australian Finance Podcast · Property investing strategies (advanced) with Chris Bates · 4 Oct 2021 podcast

If it's over five, 10 years, maybe then when you get to higher incomes, as your careers progress and you've got bigger deposit, then maybe you should start shifting into property.

then maybe you should be sort of shifting some into maybe an investment property or into shares and then your super.

And then as you get later in life, property becomes a lumpy asset.

And you then want to be using other assets like your shares and your super and all that sort of stuff.

So I don't think it's either or.

It's just...

using both of them strategically depending on what stage of life you've got and what income you've got and what capital you've got etc um i think um andrew's story is a really interesting one i mean we haven't heard that one too often to be honest you know been talking around property basically since 2012 all day every day um with young couples and before that was you know a lot of the older generation and we've seen lots of people who have sold out of the market and even yesterday a client was considering doing it um

And maybe they're selling out because they're trying to top the market.

So they're thinking, oh, today's a great time to sell.

I'm going to buy in cheaper next year.

So what you do with shares, trying to time the market.

We've seen people sell with the idea of buying again, but they can very quickly get priced out of the market.

And, you know, sort of Kate's point initially, they haven't willing to change their expectations.

They're not willing to move with the market.

and then they get completely priced out and the market keeps moving and they end up just leaving money in the bank for years and years um we've seen people move into state or regionally um they've sold they bought regionally and then they go you know what i'm gonna get back to the city it's too hard to commute etc so we've seen people try to play around with their home um

And it's a dangerous thing to do because if it stuffs up, then you've basically, you've gone from fully, you know, really great security, stability to none at all.

And it becomes very stressful, you know, the impact on relationships and life and work and et cetera.

So,

I thought it was a really interesting one.

I mean, Andrew's gone through the journey.

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