Australia Is At Breaking Point - Graeme Holm #141
Notas do episódio
Graeme Holm's figure: borrow 500,000 over 30 years and you pay back around 1.1 million. Stretch the term to 40 or 50 years and he puts it closer to 1.4. He calls that generational debt, and it is why he is now looking at America.
Graeme Holm is the founder of Infinity Group and has spent 25 years in Australian lending.
What you will learn:
- What he says a 40 or 50 year mortgage costs a family over its life, in dollars
- Why he moved his kids' savings into the offset, and how earning 6 percent by not paying it beats 3 percent taxed
- How white label lending products work, and why volume let him build four of his own
- The questions he asks about a region before investing: industry, healthcare, education, sport
- Why most people lack the emotional patience the investment period actually requires
Chapters
00:00 Four big banks, and who owns what underneath them
10:12 Hampers, flowers, and the client who was made redundant
18:45 The A Current Affair story, and why good news does not run
23:27 Whether the people who make money end up giving more
29:39 The offset accounts 600,000 families were never linked to
34:18 Nobody calculates interest daily, and what a statement hides
39:21 Cars owned outright, redraw, and restructuring around it
44:53 Live examples: commercial buildings, redraws and offsets
49:45 Thirty properties, or one very large tenant
54:44 Why rentvesting breaks if you cannot wait seven to ten years
59:31 Why he never closes a loan he has paid off
1:05:19 Where a 100 percent return actually comes from
1:10:05 Gladstone, mining, and the risk in a single industry town
1:15:09 Being prepared to be hated
Graeme Holm makes the debt work for the borrower. Property should work the same way.
Most properties only make money if the market does. The ones that pay for themselves from the day you settle are bought differently, and it comes down to four points.
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Follow Graeme Holm:
◼️ Instagram - https://www.instagram.com/graeme_holm/
◼️ Infinity Group - https://www.instagram.com/infinitygroupau/
Bothsides:
◼️ The weekly email - https://bothsides.au
◼️ Bothsides Buyers Agency - https://www.bothsidesbuyersagency.com.au
◼️ Dan - https://www.instagram.com/daniel_beardall/
◼️ Watch on YouTube - https://www.youtube.com/@bothsidespodcast
General information only. Not financial, tax, legal or credit advice. Bothsides is not a mortgage broker or credit provider.