What is the main topic discussed in this episode?
It's the Real Estate Podcast across every state, city and town of Australia. And welcome to another episode of the Real Estate Podcast, available on iHeartRadio every morning and also on Spotify and Apple and wherever you get your podcasts from. Well, it's a Friday, the 12th day of August for 2022, another week ahead. is just about up and then we are into another weekend.
Coming up shortly, Rich Harvey is back and we're talking the dangers of negative gearing and also looking at positive gearing and what to watch out for in this space. Also tomorrow on the Saturday Morning Podcast, we're looking at real estate agents who some commentators are saying need to start thinking about another career due to the property market.
And it's true to say that the real estate industry has had an explosion of new real estate people being drawn into the industry. We'll be talking to an agent who is relatively new to the industry to break it all down and to see what this new reality looks like from a new real estate agent's lens. If you're celebrating your birthday today for the 12th of August, have a fantastic Friday.
You share it on the same day as Pete Sampras, who is turning 40. 50 today. He's the former world tennis star champion. Mark Knopfler, dire straits. He is turning 73. And I see interesting on this day back in 1981, IBM introduces its first personal computer known as the PC and PC DOS version 1.0. From first home buyers to property investors and everything in between.
Every morning on The Real Estate Podcast. We are just as addicted to property as you are. Every weekday morning from 6.30. It's the main centre forecast with propertybuyer.com.au. All right, let's check on your weather around Australia. First, we go to Sydney, expecting some rain at times today. 18 degrees is your forecast top. Melbourne, expecting a few showers with 15 degrees.
Good morning to Brisbane, expecting a bit of cloud around and a high of 20 degrees, but it should be mainly dry. And in Perth, a sunshine Friday and your top of 21 degrees. It's the real estate podcast across Australia, seven days a week. Let's Talk Property, a podcast series with Rich Harvey.
Well, property investment is often described as both one of the simplest and most complex way to build wealth. On the simple side, because if you apply a few well-proven fundamentals, it's possible to build a solid and sizable portfolio that's reasonably easy to maintain over the long term. But complex...
Because of the nuances of finance, tax law and tenancy legislation, what happens is that you end up in a world full of its own rules, regulations and language. And negative gearing is a big talking point among investors. But a lot of people don't fully understand what negative gearing is all about.
And we're going to do some education around this this morning to help us understand the negative gearing strategy. We have Rich Harvey. buyers advocate and CEO of propertybuyer.com.au. And a very good morning to you, Rich. Welcome back to your Friday morning, your regular slot. Good morning, Craig. Always a pleasure to be with you. And how's things in your world? Pretty good.
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