Stephen Knight

speaker

17,575 appearances 119 recordings 2 series first heard Sep 2019 last heard yesterday

Stephen Knight’s voice in public audio — every appearance, attributed to the second.

Trend

recordings per month · last 12 months

Recordings per month over the last 12 months — 118 in all, peaking in Aug 2026 with 32.

Appearances

newest first · ▶ plays the moment

The Property Academy Podcast · If a Rental Doesn’t Pass This “Test,” Don’t Buy It · 21 Sep 2026 podcast

So let's say that the average interest rate at the moment for the one year is about 4.8%. voice-verified

What if you're wrong by half a percent? voice-verified

What if it's 5.3%? voice-verified

What if it's 5.8% per year? voice-verified

So an extra half a percent or an extra 1%? voice-verified

If you're taking out a $600,000 mortgage, well, every half a percent increase, if you're on an interest-only mortgage, has got to cost you about voice-verified

$3,000 per year. voice-verified

So if your interest rate is half a percent higher, that's about an extra $60 a week. voice-verified

That's three grand per year. voice-verified

If the interest rate is 1% higher, that's an extra $114 a week, $6,000 worse off per year. voice-verified

And when I say worse off, you've got an extra $6,000 worth of interest costs. voice-verified

Now you've got to be careful not to talk yourself silly, right? voice-verified

And what I mean by that is if you count lower rent and you're wrong by 10% on that, and then your interest costs gone up by 20%. voice-verified

Because rather than a 5% interest rate, you're paying a 6% interest rate. voice-verified

You can scare yourself silly to some degree and think, oh my gosh, no property works under these conditions. voice-verified

So what we're trying to do here is balance the need for thinking about what could go wrong and could you handle that situation with also not being so worried that you don't make any voice-verified

investments at all and and move towards improving your financial future. voice-verified

I mean, what's another example though of the what if I'm wrong test? voice-verified

The truth of the matter is that there can be long periods where property prices don't move at all, and then they boom and they catch up, and then you get that average out at 5 or 6% or 4% per year, whatever it happens to be. voice-verified

But you've got to be prepared that there are gonna be some flat years as well. voice-verified

Showing 1021–1040 of 17,575 · page 52 of 879