More bad news for property, the best way to invest & Pimp My Portfolio with Matt Ingram

**Ren** (0:00)
The market is softening. I'm not saying the market is falling, you know, it's just like...

**Bryce** (0:06)
It's falling.

**Ren** (0:07)
Well, slowly, slowly.

**Bryce** (0:08)
Is it an interest rate factor? Is it, you know, what's going on with the budget? Is it all of the above? If ultimately you are trying to take demand out of investing in property, doing that as broadly as possible is the right solution.
Welcome to another episode of Equity Mates, a podcast where we explore what's possible in the world of investing. If you've just joined us for the very first time, a massive welcome to our community. My name is Bryce.

**Ren** (0:34)
And I'm Ren and today we have a big show for you. We're talking all the news moving markets from Australian property here to British Prime Ministers over in the UK.
We have got Pimp My Portfolio, Matt Ingram is back reviewing the portfolio of a community member. And then we are unpacking some research that makes the case for owning fewer, better stocks. But Bryce, we've got some exciting FinFest news. Time is running out to get your Early Bird tickets.

**Bryce** (1:04)
That's right. If you are listening to this on the day of release, you have 24 hours to grab the final allocation of Early Bird. They are $40. It's going to give you access to Australia's largest finance festival here in Sydney October 24th at the Carriage Works.

**Ren** (1:20)
I mean, 40 bucks.
It's almost free at this point. These days, you're paying almost 20 bucks for a pint at a pub in Sydney.

**Bryce** (1:27)
Yeah. Well, I mean, the equivalent finance events, and this is one of our big gripes, the equivalent finance event here in Australia is between $250 and $400. So we want to make this as accessible as possible so that you can invite your parents, you can invite your friends, convince people who would never come to a finance event on the weekend to come and actually enjoy themselves.

**Ren** (1:47)
Yeah. And part of the reason we are able to make tickets so cheap is because we have great sponsors. So we should say a massive thank you to Betashares for powering FinFest.
Tomorrow, so Friday the 26th, the early bird tickets will end and will cut over to full price tickets. That's the bad news. The good news is they're still pretty cheap, $55. So if you're listening to this on Friday or later, don't despair, head to equitymates.com/finfest and pick up your tickets.

**Bryce** (2:20)
All right. Well, headlines we're going to cover off today. There's more bad news for Australian property.
Another UK politician or prime minister has resigned and Richard White's latest scandal is really showing us why there is risk in founder led companies. Let's start off though with the Australian property.

**Ren** (2:36)
Yeah. Two news stories around Australian property and then just a general market update. So the first one, let's talk about the budget.
It got passed through the lower house with no issues because the Labour Party have a big majority there. But in the upper house, they don't have a majority. They need to negotiate. Negotiations are ongoing with both the Coalition and the Greens. It looks like to get these budget changes through, the Greens are pushing for another change to property investing, and that is to stop the tax advantage treatment of residential property within self-managed super funds.

**Bryce** (3:12)
I've certainly seen online a lot of people now talk about, don't worry about it, let's just do the same strategy in the super.

**Ren** (3:18)
Well, yeah, I think this is the Greens have explicitly called out the number of social media property brokers who are now pivoting to the SMSF strategy. Yeah, because I've seen it as well.

**Bryce** (3:28)
And so really it's saying through your super fund, you will get the capital gains tax discount and the ability to continue in the same environment that we saw pre-budget changes. I don't think this is a bad thing at the end of the day.

**Ren** (3:40)
The Greens proposal.

**Bryce** (3:41)
Yeah, I think if ultimately you are trying to take demand out of investing in property, doing that as broadly as possible is the right solution.

**Ren** (3:50)
Yeah, you could mirror the non-super rules where if you want to use your SMSF to invest in property, that's fine. But if you want the tax benefit, you've got to invest it productively, i.e. new builds, not just trading apartments in Bondi.

**Bryce** (4:04)
Yeah, I'd be interested to see how some of the property guys go. Should this go through? But yes, certainly seeing a lot of it online at the moment.